Can I retire at age 66 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%16.4%
1 years$487,216$482,877$478,642$474,510$470,474$458,171
2 years$241,196$236,704$232,351$228,130$224,035$211,724
3 years$159,200$154,689$150,346$146,165$142,137$130,203
4 years$118,210$113,713$109,414$105,304$101,373$89,908
5 years$93,623$89,152$84,909$80,883$77,063$66,098
6 years$77,236$72,799$68,619$64,683$60,977$50,523
7 years$65,536$61,137$57,023$53,179$49,591$39,649
8 years$56,765$52,406$48,360$44,611$41,140$31,705
9 years$49,947$45,628$41,653$37,999$34,646$25,710
10 years$44,496$40,219$36,314$32,755$29,520$21,072
11 years$40,038$35,805$31,970$28,507$25,388$17,415
12 years$36,327$32,136$28,373$25,004$22,001$14,488
13 years$33,188$29,042$25,349$22,075$19,185$12,118
14 years$30,501$26,398$22,776$19,596$16,818$10,179
15 years$28,174$24,115$20,564$17,476$14,808$8,581
16 years$26,139$22,125$18,644$15,648$13,087$7,255
17 years$24,346$20,377$16,965$14,059$11,604$6,149
18 years$22,754$18,829$15,487$12,670$10,318$5,223
19 years$21,331$17,450$14,178$11,449$9,196$4,443
20 years$20,052$16,216$13,012$10,369$8,214$3,786
21 years$18,897$15,104$11,968$9,411$7,351$3,229
22 years$17,847$14,099$11,031$8,556$6,589$2,758
23 years$16,891$13,187$10,185$7,792$5,915$2,357
24 years$16,015$12,355$9,419$7,107$5,316$2,016
25 years$15,211$11,595$8,724$6,491$4,784$1,725
26 years$14,470$10,897$8,091$5,935$4,309$1,478
27 years$13,785$10,256$7,513$5,432$3,885$1,266
28 years$13,150$9,664$6,985$4,977$3,506$1,085
29 years$12,560$9,117$6,500$4,564$3,165$930
30 years$12,010$8,610$6,054$4,189$2,860$798
31 years$11,497$8,139$5,644$3,847$2,586$684
32 years$11,016$7,701$5,266$3,535$2,339$587
33 years$10,566$7,293$4,917$3,251$2,117$504
34 years$10,143$6,912$4,594$2,991$1,917$432
35 years$9,745$6,556$4,295$2,754$1,736$371
36 years$9,371$6,223$4,018$2,536$1,573$319
37 years$9,017$5,910$3,761$2,337$1,426$274
38 years$8,682$5,617$3,522$2,154$1,292$235
39 years$8,366$5,341$3,300$1,986$1,172$202
40 years$8,066$5,082$3,093$1,832$1,063$173
41 years$7,782$4,837$2,900$1,690$964$149
42 years$7,512$4,607$2,720$1,560$875$128
43 years$7,255$4,389$2,553$1,440$794$110
44 years$7,010$4,184$2,396$1,329$721$94
45 years$6,777$3,990$2,250$1,228$654$81
46 years$6,555$3,806$2,113$1,134$594$70
47 years$6,343$3,632$1,985$1,048$540$60
48 years$6,140$3,467$1,866$968$490$51
49 years$5,946$3,311$1,754$895$445$44
50 years$5,760$3,163$1,649$827$404$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $5,900,000, adding $6,247 every year, while hoping to spend $52,718 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: 54/24/22 Blend
65$5,900,000$5,900,000$5,900,000$5,900,000
66$6,508,244$6,195,544$6,104,094$6,820,125
67$7,115,993$6,443,034$6,252,489$7,282,474
68$7,783,966$6,700,884$6,404,089$7,779,489
69$8,518,250$6,969,546$6,558,945$8,319,429
70$9,325,550$7,249,493$6,717,109$8,906,418
71$10,213,256$7,541,218$6,878,632$9,544,989
72$11,189,508$7,845,238$7,043,566$10,240,126
73$12,263,274$8,162,091$7,211,962$10,997,315
74$13,444,436$8,492,341$7,383,871$11,822,589
75$14,743,882$8,836,579$7,559,343$12,722,589
76$16,173,606$9,195,420$7,738,430$13,704,618
77$17,746,826$9,569,508$7,921,180$14,776,715
78$19,478,106$9,959,517$8,107,643$15,947,729
79$21,383,491$10,366,152$8,297,867$17,227,395
80$23,480,661$10,790,147$8,491,900$18,626,432
81$25,789,099$11,232,275$8,689,788$20,156,638
82$28,330,270$11,693,339$8,891,579$21,830,998
83$31,127,826$12,174,182$9,097,316$23,663,813
84$34,207,832$12,675,684$9,307,043$25,670,821
85$37,599,004$13,198,766$9,520,803$27,869,356
86$41,332,988$13,744,391$9,738,635$30,278,499
87$45,444,653$14,313,567$9,960,580$32,919,265
88$49,972,423$14,907,346$10,186,675$35,814,791
89$54,958,636$15,526,833$10,416,954$38,990,559
90$60,449,948$16,173,178$10,651,453$42,474,630
91$66,497,767$16,847,588$10,890,201$46,297,907
92$73,158,745$17,551,326$11,133,228$50,494,428
93$80,495,305$18,285,709$11,380,560$55,101,678
94$88,576,238$19,052,120$11,632,220$60,160,944
95$97,477,344$19,852,004$11,888,229$65,717,705
96$107,282,151$20,686,871$12,148,604$71,822,049
97$118,082,706$21,558,303$12,413,357$78,529,155
98$129,980,438$22,467,955$12,682,500$85,899,798
99$143,087,117$23,417,559$12,956,038$94,000,931
100$157,525,910$24,408,927$13,233,973$102,906,302