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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.4%
1 years$487,216$482,877$478,642$474,510$470,474$456,328
2 years$241,196$236,704$232,351$228,130$224,035$209,903
3 years$159,200$154,689$150,346$146,165$142,137$128,461
4 years$118,210$113,713$109,414$105,304$101,373$88,258
5 years$93,623$89,152$84,909$80,883$77,063$64,544
6 years$77,236$72,799$68,619$64,683$60,977$49,066
7 years$65,536$61,137$57,023$53,179$49,591$38,288
8 years$56,765$52,406$48,360$44,611$41,140$30,438
9 years$49,947$45,628$41,653$37,999$34,646$24,533
10 years$44,496$40,219$36,314$32,755$29,520$19,982
11 years$40,038$35,805$31,970$28,507$25,388$16,408
12 years$36,327$32,136$28,373$25,004$22,001$13,561
13 years$33,188$29,042$25,349$22,075$19,185$11,266
14 years$30,501$26,398$22,776$19,596$16,818$9,398
15 years$28,174$24,115$20,564$17,476$14,808$7,867
16 years$26,139$22,125$18,644$15,648$13,087$6,604
17 years$24,346$20,377$16,965$14,059$11,604$5,557
18 years$22,754$18,829$15,487$12,670$10,318$4,685
19 years$21,331$17,450$14,178$11,449$9,196$3,956
20 years$20,052$16,216$13,012$10,369$8,214$3,345
21 years$18,897$15,104$11,968$9,411$7,351$2,831
22 years$17,847$14,099$11,031$8,556$6,589$2,399
23 years$16,891$13,187$10,185$7,792$5,915$2,034
24 years$16,015$12,355$9,419$7,107$5,316$1,726
25 years$15,211$11,595$8,724$6,491$4,784$1,466
26 years$14,470$10,897$8,091$5,935$4,309$1,245
27 years$13,785$10,256$7,513$5,432$3,885$1,058
28 years$13,150$9,664$6,985$4,977$3,506$900
29 years$12,560$9,117$6,500$4,564$3,165$765
30 years$12,010$8,610$6,054$4,189$2,860$651
31 years$11,497$8,139$5,644$3,847$2,586$554
32 years$11,016$7,701$5,266$3,535$2,339$471
33 years$10,566$7,293$4,917$3,251$2,117$401
34 years$10,143$6,912$4,594$2,991$1,917$341
35 years$9,745$6,556$4,295$2,754$1,736$290
36 years$9,371$6,223$4,018$2,536$1,573$247
37 years$9,017$5,910$3,761$2,337$1,426$211
38 years$8,682$5,617$3,522$2,154$1,292$179
39 years$8,366$5,341$3,300$1,986$1,172$153
40 years$8,066$5,082$3,093$1,832$1,063$130
41 years$7,782$4,837$2,900$1,690$964$111
42 years$7,512$4,607$2,720$1,560$875$94
43 years$7,255$4,389$2,553$1,440$794$80
44 years$7,010$4,184$2,396$1,329$721$68
45 years$6,777$3,990$2,250$1,228$654$58
46 years$6,555$3,806$2,113$1,134$594$50
47 years$6,343$3,632$1,985$1,048$540$42
48 years$6,140$3,467$1,866$968$490$36
49 years$5,946$3,311$1,754$895$445$31
50 years$5,760$3,163$1,649$827$404$26

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 $3,662 every year, while hoping to spend $39,998 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: 61/25/14 Blend
64$5,900,000$5,900,000$5,900,000$5,900,000
65$6,505,577$6,192,877$6,101,427$6,879,778
66$7,126,589$6,453,771$6,263,268$7,392,738
67$7,809,603$6,726,107$6,429,189$7,947,407
68$8,560,901$7,010,406$6,599,286$8,551,723
69$9,387,406$7,307,208$6,773,655$9,210,495
70$10,296,743$7,617,083$6,952,394$9,929,012
71$11,297,314$7,940,624$7,135,603$10,713,093
72$12,398,379$8,278,453$7,323,384$11,569,141
73$13,610,137$8,631,221$7,515,841$12,504,197
74$14,943,829$8,999,609$7,713,079$13,526,011
75$16,411,840$9,384,329$7,915,208$14,643,112
76$18,027,815$9,786,129$8,122,335$15,864,885
77$19,806,792$10,205,790$8,334,573$17,201,658
78$21,765,339$10,644,127$8,552,035$18,664,800
79$23,921,713$11,101,999$8,774,838$20,266,826
80$26,296,030$11,580,300$9,003,098$22,021,510
81$28,910,459$12,079,968$9,236,935$23,944,017
82$31,789,424$12,601,985$9,476,471$26,051,041
83$34,959,843$13,147,379$9,721,830$28,360,965
84$38,451,372$13,717,227$9,973,137$30,894,025
85$42,296,695$14,312,654$10,230,520$33,672,505
86$46,531,824$14,934,840$10,494,108$36,720,942
87$51,196,444$15,585,021$10,764,035$40,066,355
88$56,334,284$16,264,489$11,040,432$43,738,500
89$61,993,531$16,974,599$11,323,437$47,770,143
90$68,227,285$17,716,769$11,613,186$52,197,372
91$75,094,061$18,492,483$11,909,820$57,059,930
92$82,658,337$19,303,296$12,213,481$62,401,591
93$90,991,166$20,150,837$12,524,312$68,270,564
94$100,170,847$21,036,810$12,842,458$74,719,954
95$110,283,661$21,963,001$13,168,068$81,808,248
96$121,424,686$22,931,280$13,501,290$89,599,874
97$133,698,697$23,943,606$13,842,276$98,165,799
98$147,221,151$25,002,029$14,191,179$107,584,194
99$162,119,278$26,108,698$14,548,154$117,941,175
100$178,533,284$27,265,864$14,913,356$129,331,601