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%11.8%
1 years$478,959$474,692$470,530$466,467$462,500$459,008
2 years$237,108$232,692$228,413$224,263$220,238$216,718
3 years$156,502$152,067$147,798$143,688$139,728$136,288
4 years$116,207$111,785$107,559$103,519$99,655$96,322
5 years$92,036$87,641$83,470$79,512$75,756$72,540
6 years$75,927$71,566$67,456$63,587$59,943$56,848
7 years$64,426$60,101$56,057$52,278$48,750$45,777
8 years$55,803$51,517$47,540$43,855$40,443$37,592
9 years$49,101$44,855$40,947$37,355$34,059$31,329
10 years$43,742$39,538$35,698$32,200$29,020$26,410
11 years$39,360$35,198$31,428$28,024$24,958$22,467
12 years$35,711$31,592$27,892$24,580$21,628$19,252
13 years$32,626$28,550$24,919$21,701$18,860$16,598
14 years$29,984$25,951$22,390$19,264$16,533$14,381
15 years$27,696$23,707$20,215$17,180$14,557$12,512
16 years$25,696$21,750$18,328$15,383$12,865$10,925
17 years$23,933$20,031$16,678$13,821$11,407$9,568
18 years$22,368$18,510$15,225$12,456$10,143$8,402
19 years$20,970$17,155$13,938$11,255$9,040$7,394
20 years$19,712$15,941$12,791$10,193$8,075$6,520
21 years$18,576$14,848$11,765$9,251$7,226$5,758
22 years$17,545$13,860$10,844$8,411$6,477$5,094
23 years$16,605$12,963$10,012$7,660$5,814$4,511
24 years$15,744$12,146$9,260$6,987$5,226$4,000
25 years$14,953$11,398$8,576$6,381$4,703$3,550
26 years$14,225$10,713$7,954$5,834$4,236$3,153
27 years$13,551$10,082$7,386$5,340$3,819$2,803
28 years$12,927$9,500$6,866$4,893$3,446$2,494
29 years$12,347$8,962$6,390$4,487$3,112$2,220
30 years$11,806$8,464$5,952$4,118$2,812$1,977
31 years$11,302$8,001$5,549$3,782$2,542$1,762
32 years$10,830$7,571$5,177$3,476$2,299$1,570
33 years$10,387$7,170$4,834$3,196$2,081$1,400
34 years$9,971$6,795$4,516$2,941$1,884$1,249
35 years$9,580$6,445$4,222$2,707$1,706$1,115
36 years$9,212$6,117$3,950$2,493$1,546$995
37 years$8,864$5,810$3,697$2,297$1,401$888
38 years$8,535$5,522$3,462$2,117$1,270$793
39 years$8,224$5,250$3,244$1,952$1,152$708
40 years$7,930$4,995$3,040$1,801$1,045$633
41 years$7,650$4,755$2,851$1,661$948$565
42 years$7,384$4,529$2,674$1,533$860$505
43 years$7,132$4,315$2,509$1,415$781$451
44 years$6,891$4,113$2,355$1,307$709$403
45 years$6,662$3,922$2,212$1,207$643$360
46 years$6,444$3,742$2,077$1,115$584$322
47 years$6,235$3,571$1,952$1,030$530$288
48 years$6,036$3,409$1,834$952$482$257
49 years$5,845$3,255$1,724$880$437$230
50 years$5,663$3,109$1,621$813$397$206

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 $5,617 every year, while hoping to spend $55,599 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: 77/8/15 Blend
65$5,800,000$5,800,000$5,800,000$5,800,000
66$6,397,394$6,089,994$6,000,094$6,869,175
67$6,990,771$6,329,247$6,141,940$7,420,429
68$7,642,810$6,578,359$6,286,675$8,017,216
69$8,359,434$6,837,757$6,434,336$8,670,128
70$9,147,171$7,107,881$6,584,961$9,384,747
71$10,013,212$7,389,197$6,738,587$10,167,220
72$10,965,479$7,682,188$6,895,250$11,024,317
73$12,012,702$7,987,359$7,054,985$11,963,491
74$13,164,498$8,305,240$7,217,826$12,992,952
75$14,431,461$8,636,381$7,383,808$14,121,744
76$15,825,266$8,981,359$7,552,961$15,359,826
77$17,358,776$9,340,779$7,725,318$16,718,168
78$19,046,162$9,715,268$7,900,908$18,208,854
79$20,903,041$10,105,487$8,079,759$19,845,193
80$22,946,619$10,512,123$8,261,898$21,641,847
81$25,195,852$10,935,895$8,447,349$23,614,968
82$27,671,630$11,377,556$8,636,137$25,782,348
83$30,396,971$11,837,890$8,828,282$28,163,586
84$33,397,235$12,317,720$9,023,803$30,780,276
85$36,700,370$12,817,905$9,222,717$33,656,206
86$40,337,167$13,339,342$9,425,038$36,817,583
87$44,341,559$13,882,970$9,630,777$40,293,280
88$48,750,934$14,449,772$9,839,944$44,115,106
89$53,606,490$15,040,772$10,052,543$48,318,108
90$58,953,627$15,657,045$10,268,579$52,940,898
91$64,842,369$16,299,712$10,488,048$58,026,020
92$71,327,840$16,969,947$10,710,947$63,620,346
93$78,470,783$17,668,978$10,937,267$69,775,520
94$86,338,132$18,398,087$11,166,995$76,548,446
95$95,003,646$19,158,618$11,400,113$84,001,821
96$104,548,602$19,951,974$11,636,601$92,204,726
97$115,062,562$20,779,623$11,876,430$101,233,279
98$126,644,222$21,643,103$12,119,569$111,171,349
99$139,402,337$22,544,020$12,365,979$122,111,351
100$153,456,753$23,484,054$12,615,616$134,155,113