Can I retire at age 66 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$429,411$425,586$421,854$418,212$414,655$411,009
2 years$212,580$208,621$204,784$201,063$197,455$193,781
3 years$140,312$136,336$132,509$128,823$125,274$121,685
4 years$104,185$100,221$96,432$92,810$89,346$85,871
5 years$82,515$78,575$74,835$71,287$67,919$64,568
6 years$68,073$64,162$60,478$57,009$53,742$50,519
7 years$57,761$53,883$50,258$46,870$43,707$40,613
8 years$50,031$46,188$42,622$39,318$36,259$33,295
9 years$44,021$40,215$36,711$33,490$30,535$27,699
10 years$39,217$35,447$32,005$28,869$26,018$23,308
11 years$35,288$31,557$28,177$25,125$22,376$19,791
12 years$32,017$28,324$25,006$22,038$19,391$16,928
13 years$29,251$25,596$22,341$19,456$16,909$14,565
14 years$26,882$23,266$20,074$17,271$14,822$12,595
15 years$24,831$21,254$18,124$15,403$13,051$10,937
16 years$23,038$19,500$16,432$13,791$11,534$9,530
17 years$21,458$17,959$14,953$12,391$10,227$8,329
18 years$20,054$16,595$13,650$11,167$9,093$7,298
19 years$18,800$15,380$12,496$10,090$8,105$6,409
20 years$17,673$14,292$11,468$9,139$7,240$5,639
21 years$16,655$13,312$10,548$8,294$6,479$4,969
22 years$15,730$12,427$9,722$7,541$5,807$4,385
23 years$14,887$11,622$8,976$6,868$5,213$3,875
24 years$14,115$10,889$8,302$6,264$4,686$3,428
25 years$13,406$10,219$7,689$5,721$4,216$3,035
26 years$12,753$9,604$7,131$5,231$3,798$2,690
27 years$12,149$9,039$6,622$4,788$3,424$2,386
28 years$11,590$8,517$6,156$4,387$3,090$2,117
29 years$11,070$8,035$5,729$4,023$2,790$1,880
30 years$10,585$7,588$5,336$3,692$2,521$1,670
31 years$10,133$7,173$4,975$3,391$2,279$1,485
32 years$9,709$6,787$4,641$3,116$2,062$1,320
33 years$9,312$6,428$4,334$2,865$1,866$1,174
34 years$8,940$6,092$4,049$2,636$1,689$1,045
35 years$8,589$5,778$3,786$2,427$1,530$930
36 years$8,259$5,484$3,541$2,235$1,386$828
37 years$7,947$5,209$3,315$2,059$1,256$737
38 years$7,652$4,950$3,104$1,898$1,139$657
39 years$7,373$4,707$2,908$1,750$1,033$585
40 years$7,109$4,479$2,726$1,614$937$521
41 years$6,859$4,263$2,556$1,489$850$464
42 years$6,620$4,060$2,398$1,375$771$414
43 years$6,394$3,869$2,250$1,269$700$369
44 years$6,178$3,688$2,112$1,172$635$329
45 years$5,973$3,516$1,983$1,082$577$293
46 years$5,777$3,354$1,862$999$524$261
47 years$5,590$3,201$1,750$923$476$233
48 years$5,411$3,056$1,644$853$432$208
49 years$5,241$2,918$1,545$789$392$185
50 years$5,077$2,788$1,453$729$356$165

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $5,200,000, adding $3,934 every year, while hoping to spend $33,580 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: 58/24/18 Blend
65$5,200,000$5,200,000$5,200,000$5,200,000
66$5,734,458$5,458,858$5,378,258$6,039,763
67$6,283,644$5,690,613$5,522,701$6,479,060
68$6,887,721$5,932,599$5,670,857$6,953,732
69$7,552,253$6,185,281$5,822,815$7,470,448
70$8,283,371$6,449,147$5,978,667$8,033,265
71$9,087,826$6,724,707$6,138,504$8,646,646
72$9,973,063$7,012,496$6,302,422$9,315,499
73$10,947,279$7,313,072$6,470,517$10,045,224
74$12,019,509$7,627,021$6,642,888$10,841,761
75$13,199,709$7,954,954$6,819,634$11,711,645
76$14,498,847$8,297,514$7,000,859$12,662,070
77$15,929,009$8,655,372$7,186,667$13,700,947
78$17,503,512$9,029,230$7,377,166$14,836,985
79$19,237,033$9,419,824$7,572,462$16,079,771
80$21,145,739$9,827,925$7,772,669$17,439,853
81$23,247,449$10,254,337$7,977,898$18,928,844
82$25,561,796$10,699,907$8,188,265$20,559,527
83$28,110,414$11,165,518$8,403,886$22,345,974
84$30,917,142$11,652,094$8,624,883$24,303,677
85$34,008,251$12,160,607$8,851,376$26,449,694
86$37,412,685$12,692,069$9,083,490$28,802,805
87$41,162,343$13,247,545$9,321,351$31,383,688
88$45,292,373$13,828,146$9,565,088$34,215,114
89$49,841,507$14,435,037$9,814,831$37,322,155
90$54,852,427$15,069,440$10,070,713$40,732,425
91$60,372,164$15,732,632$10,332,871$44,476,331
92$66,452,545$16,425,951$10,601,442$48,587,362
93$73,150,680$17,150,798$10,876,567$53,102,399
94$80,529,505$17,908,643$11,158,387$58,062,065
95$88,658,370$18,701,022$11,447,049$63,511,099
96$97,613,697$19,529,545$11,742,698$69,498,781
97$107,479,701$20,395,899$12,045,485$76,079,390
98$118,349,183$21,301,851$12,355,562$83,312,714
99$130,324,409$22,249,252$12,673,083$91,264,612
100$143,518,072$23,240,038$12,998,204$100,007,630