Can I retire at age 65 with 5,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$487,216$482,877$478,642$474,510$470,474$455,596
2 years$241,196$236,704$232,351$228,130$224,035$209,181
3 years$159,200$154,689$150,346$146,165$142,137$127,773
4 years$118,210$113,713$109,414$105,304$101,373$87,608
5 years$93,623$89,152$84,909$80,883$77,063$63,934
6 years$77,236$72,799$68,619$64,683$60,977$48,496
7 years$65,536$61,137$57,023$53,179$49,591$37,757
8 years$56,765$52,406$48,360$44,611$41,140$29,945
9 years$49,947$45,628$41,653$37,999$34,646$24,077
10 years$44,496$40,219$36,314$32,755$29,520$19,561
11 years$40,038$35,805$31,970$28,507$25,388$16,021
12 years$36,327$32,136$28,373$25,004$22,001$13,206
13 years$33,188$29,042$25,349$22,075$19,185$10,941
14 years$30,501$26,398$22,776$19,596$16,818$9,103
15 years$28,174$24,115$20,564$17,476$14,808$7,598
16 years$26,139$22,125$18,644$15,648$13,087$6,360
17 years$24,346$20,377$16,965$14,059$11,604$5,336
18 years$22,754$18,829$15,487$12,670$10,318$4,485
19 years$21,331$17,450$14,178$11,449$9,196$3,776
20 years$20,052$16,216$13,012$10,369$8,214$3,183
21 years$18,897$15,104$11,968$9,411$7,351$2,686
22 years$17,847$14,099$11,031$8,556$6,589$2,269
23 years$16,891$13,187$10,185$7,792$5,915$1,918
24 years$16,015$12,355$9,419$7,107$5,316$1,622
25 years$15,211$11,595$8,724$6,491$4,784$1,373
26 years$14,470$10,897$8,091$5,935$4,309$1,163
27 years$13,785$10,256$7,513$5,432$3,885$985
28 years$13,150$9,664$6,985$4,977$3,506$834
29 years$12,560$9,117$6,500$4,564$3,165$707
30 years$12,010$8,610$6,054$4,189$2,860$600
31 years$11,497$8,139$5,644$3,847$2,586$508
32 years$11,016$7,701$5,266$3,535$2,339$431
33 years$10,566$7,293$4,917$3,251$2,117$366
34 years$10,143$6,912$4,594$2,991$1,917$310
35 years$9,745$6,556$4,295$2,754$1,736$263
36 years$9,371$6,223$4,018$2,536$1,573$223
37 years$9,017$5,910$3,761$2,337$1,426$190
38 years$8,682$5,617$3,522$2,154$1,292$161
39 years$8,366$5,341$3,300$1,986$1,172$136
40 years$8,066$5,082$3,093$1,832$1,063$116
41 years$7,782$4,837$2,900$1,690$964$98
42 years$7,512$4,607$2,720$1,560$875$83
43 years$7,255$4,389$2,553$1,440$794$71
44 years$7,010$4,184$2,396$1,329$721$60
45 years$6,777$3,990$2,250$1,228$654$51
46 years$6,555$3,806$2,113$1,134$594$43
47 years$6,343$3,632$1,985$1,048$540$37
48 years$6,140$3,467$1,866$968$490$31
49 years$5,946$3,311$1,754$895$445$26
50 years$5,760$3,163$1,649$827$404$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $5,900,000, adding $6,753 every year, while hoping to spend $23,971 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 30/49/21 Blend
64$5,900,000$5,900,000$5,900,000$5,900,000
65$6,508,766$6,196,066$6,104,616$6,661,124
66$7,147,155$6,474,168$6,283,615$7,055,973
67$7,849,856$6,765,094$6,467,808$7,477,851
68$8,623,405$7,069,446$6,657,343$7,931,213
69$9,475,000$7,387,857$6,852,372$8,418,798
70$10,412,576$7,720,989$7,053,053$8,943,602
71$11,444,876$8,069,534$7,259,547$9,508,909
72$12,581,532$8,434,220$7,472,020$10,118,311
73$13,833,159$8,815,808$7,690,644$10,775,748
74$15,211,454$9,215,095$7,915,593$11,485,533
75$16,729,306$9,632,918$8,147,049$12,252,398
76$18,400,916$10,070,152$8,385,196$13,081,526
77$20,241,935$10,527,714$8,630,225$13,978,606
78$22,269,607$11,006,568$8,882,333$14,949,876
79$24,502,937$11,507,720$9,141,721$16,002,180
80$26,962,864$12,032,225$9,408,596$17,143,029
81$29,672,463$12,581,191$9,683,171$18,380,665
82$32,657,162$13,155,778$9,965,665$19,724,140
83$35,944,981$13,757,199$10,256,304$21,183,389
84$39,566,797$14,386,729$10,555,317$22,769,326
85$43,556,633$15,045,702$10,862,943$24,493,937
86$47,951,984$15,735,516$11,179,426$26,370,389
87$52,794,167$16,457,637$11,505,018$28,413,149
88$58,128,713$17,213,601$11,839,976$30,638,115
89$64,005,792$18,005,018$12,184,566$33,062,760
90$70,480,693$18,833,575$12,539,060$35,706,288
91$77,614,344$19,701,040$12,903,738$38,589,810
92$85,473,882$20,609,266$13,278,888$41,736,539
93$94,133,294$21,560,196$13,664,807$45,171,997
94$103,674,109$22,555,865$14,061,797$48,924,250
95$114,186,173$23,598,407$14,470,173$53,024,165
96$125,768,493$24,690,060$14,890,254$57,505,694
97$138,530,173$25,833,166$15,322,370$62,406,183
98$152,591,442$27,030,183$15,766,861$67,766,717
99$168,084,794$28,283,686$16,224,076$73,632,498
100$185,156,231$29,596,375$16,694,371$80,053,259