Can I retire at age 66 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$478,959$474,692$470,530$466,467$462,500$457,480
2 years$237,108$232,692$228,413$224,263$220,238$215,183
3 years$156,502$152,067$147,798$143,688$139,728$134,796
4 years$116,207$111,785$107,559$103,519$99,655$94,883
5 years$92,036$87,641$83,470$79,512$75,756$71,159
6 years$75,927$71,566$67,456$63,587$59,943$55,526
7 years$64,426$60,101$56,057$52,278$48,750$44,514
8 years$55,803$51,517$47,540$43,855$40,443$36,388
9 years$49,101$44,855$40,947$37,355$34,059$30,184
10 years$43,742$39,538$35,698$32,200$29,020$25,323
11 years$39,360$35,198$31,428$28,024$24,958$21,435
12 years$35,711$31,592$27,892$24,580$21,628$18,276
13 years$32,626$28,550$24,919$21,701$18,860$15,675
14 years$29,984$25,951$22,390$19,264$16,533$13,510
15 years$27,696$23,707$20,215$17,180$14,557$11,691
16 years$25,696$21,750$18,328$15,383$12,865$10,153
17 years$23,933$20,031$16,678$13,821$11,407$8,842
18 years$22,368$18,510$15,225$12,456$10,143$7,720
19 years$20,970$17,155$13,938$11,255$9,040$6,755
20 years$19,712$15,941$12,791$10,193$8,075$5,922
21 years$18,576$14,848$11,765$9,251$7,226$5,199
22 years$17,545$13,860$10,844$8,411$6,477$4,571
23 years$16,605$12,963$10,012$7,660$5,814$4,024
24 years$15,744$12,146$9,260$6,987$5,226$3,546
25 years$14,953$11,398$8,576$6,381$4,703$3,128
26 years$14,225$10,713$7,954$5,834$4,236$2,761
27 years$13,551$10,082$7,386$5,340$3,819$2,439
28 years$12,927$9,500$6,866$4,893$3,446$2,156
29 years$12,347$8,962$6,390$4,487$3,112$1,907
30 years$11,806$8,464$5,952$4,118$2,812$1,687
31 years$11,302$8,001$5,549$3,782$2,542$1,493
32 years$10,830$7,571$5,177$3,476$2,299$1,322
33 years$10,387$7,170$4,834$3,196$2,081$1,171
34 years$9,971$6,795$4,516$2,941$1,884$1,038
35 years$9,580$6,445$4,222$2,707$1,706$920
36 years$9,212$6,117$3,950$2,493$1,546$816
37 years$8,864$5,810$3,697$2,297$1,401$723
38 years$8,535$5,522$3,462$2,117$1,270$641
39 years$8,224$5,250$3,244$1,952$1,152$569
40 years$7,930$4,995$3,040$1,801$1,045$505
41 years$7,650$4,755$2,851$1,661$948$448
42 years$7,384$4,529$2,674$1,533$860$397
43 years$7,132$4,315$2,509$1,415$781$353
44 years$6,891$4,113$2,355$1,307$709$313
45 years$6,662$3,922$2,212$1,207$643$278
46 years$6,444$3,742$2,077$1,115$584$247
47 years$6,235$3,571$1,952$1,030$530$219
48 years$6,036$3,409$1,834$952$482$194
49 years$5,845$3,255$1,724$880$437$172
50 years$5,663$3,109$1,621$813$397$153

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $5,800,000, adding $2,588 every year, while hoping to spend $44,461 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: 38/41/21 Blend
65$5,800,000$5,800,000$5,800,000$5,800,000
66$6,394,270$6,086,870$5,996,970$6,596,942
67$6,999,179$6,337,820$6,150,562$6,994,813
68$7,664,299$6,599,577$6,307,809$7,420,144
69$8,395,724$6,872,623$6,468,788$7,878,909
70$9,200,169$7,157,462$6,633,573$8,374,154
71$10,085,032$7,454,624$6,802,243$8,909,220
72$11,058,464$7,764,659$6,974,877$9,487,776
73$12,129,446$8,088,146$7,151,554$10,113,849
74$13,307,873$8,425,689$7,332,355$10,791,859
75$14,604,648$8,777,920$7,517,361$11,526,663
76$16,031,784$9,145,500$7,706,655$12,323,592
77$17,602,519$9,529,122$7,900,321$13,188,507
78$19,331,437$9,929,510$8,098,442$14,127,845
79$21,234,608$10,347,420$8,301,104$15,148,678
80$23,329,740$10,783,646$8,508,394$16,258,784
81$25,636,346$11,239,017$8,720,398$17,466,708
82$28,175,925$11,714,401$8,937,203$18,781,846
83$30,972,169$12,210,706$9,158,898$20,214,529
84$34,051,182$12,728,883$9,385,573$21,776,116
85$37,441,729$13,269,925$9,617,317$23,479,102
86$41,175,509$13,834,874$9,854,220$25,337,226
87$45,287,447$14,424,819$10,096,373$27,365,603
88$49,816,032$15,040,901$10,343,867$29,580,862
89$54,803,675$15,684,313$10,596,794$32,001,294
90$60,297,109$16,356,303$10,855,246$34,647,029
91$66,347,833$17,058,181$11,119,315$37,540,213
92$73,012,593$17,791,313$11,389,093$40,705,219
93$80,353,924$18,557,133$11,664,674$44,168,870
94$88,440,732$19,357,141$11,946,149$47,960,687
95$97,348,953$20,192,907$12,233,611$52,113,164
96$107,162,260$21,066,074$12,527,151$56,662,067
97$117,972,862$21,978,363$12,826,862$61,646,771
98$129,882,368$22,931,576$13,132,835$67,110,618
99$143,002,745$23,927,599$13,445,161$73,101,329
100$157,457,380$24,968,407$13,763,930$79,671,442