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%11.9%
1 years$487,216$482,877$478,642$474,510$470,474$466,727
2 years$241,196$236,704$232,351$228,130$224,035$220,258
3 years$159,200$154,689$150,346$146,165$142,137$138,447
4 years$118,210$113,713$109,414$105,304$101,373$97,799
5 years$93,623$89,152$84,909$80,883$77,063$73,614
6 years$77,236$72,799$68,619$64,683$60,977$57,658
7 years$65,536$61,137$57,023$53,179$49,591$46,404
8 years$56,765$52,406$48,360$44,611$41,140$38,085
9 years$49,947$45,628$41,653$37,999$34,646$31,722
10 years$44,496$40,219$36,314$32,755$29,520$26,725
11 years$40,038$35,805$31,970$28,507$25,388$22,720
12 years$36,327$32,136$28,373$25,004$22,001$19,458
13 years$33,188$29,042$25,349$22,075$19,185$16,764
14 years$30,501$26,398$22,776$19,596$16,818$14,515
15 years$28,174$24,115$20,564$17,476$14,808$12,621
16 years$26,139$22,125$18,644$15,648$13,087$11,013
17 years$24,346$20,377$16,965$14,059$11,604$9,638
18 years$22,754$18,829$15,487$12,670$10,318$8,457
19 years$21,331$17,450$14,178$11,449$9,196$7,437
20 years$20,052$16,216$13,012$10,369$8,214$6,553
21 years$18,897$15,104$11,968$9,411$7,351$5,784
22 years$17,847$14,099$11,031$8,556$6,589$5,112
23 years$16,891$13,187$10,185$7,792$5,915$4,524
24 years$16,015$12,355$9,419$7,107$5,316$4,008
25 years$15,211$11,595$8,724$6,491$4,784$3,555
26 years$14,470$10,897$8,091$5,935$4,309$3,155
27 years$13,785$10,256$7,513$5,432$3,885$2,803
28 years$13,150$9,664$6,985$4,977$3,506$2,491
29 years$12,560$9,117$6,500$4,564$3,165$2,216
30 years$12,010$8,610$6,054$4,189$2,860$1,972
31 years$11,497$8,139$5,644$3,847$2,586$1,755
32 years$11,016$7,701$5,266$3,535$2,339$1,564
33 years$10,566$7,293$4,917$3,251$2,117$1,393
34 years$10,143$6,912$4,594$2,991$1,917$1,242
35 years$9,745$6,556$4,295$2,754$1,736$1,107
36 years$9,371$6,223$4,018$2,536$1,573$987
37 years$9,017$5,910$3,761$2,337$1,426$880
38 years$8,682$5,617$3,522$2,154$1,292$786
39 years$8,366$5,341$3,300$1,986$1,172$701
40 years$8,066$5,082$3,093$1,832$1,063$626
41 years$7,782$4,837$2,900$1,690$964$558
42 years$7,512$4,607$2,720$1,560$875$498
43 years$7,255$4,389$2,553$1,440$794$445
44 years$7,010$4,184$2,396$1,329$721$397
45 years$6,777$3,990$2,250$1,228$654$355
46 years$6,555$3,806$2,113$1,134$594$317
47 years$6,343$3,632$1,985$1,048$540$283
48 years$6,140$3,467$1,866$968$490$253
49 years$5,946$3,311$1,754$895$445$226
50 years$5,760$3,163$1,649$827$404$202

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 $3,564 every year, while hoping to spend $52,546 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: 73/12/15 Blend
65$5,900,000$5,900,000$5,900,000$5,900,000
66$6,505,476$6,192,776$6,101,326$6,958,486
67$7,113,126$6,440,314$6,249,812$7,506,582
68$7,780,996$6,698,219$6,401,511$8,099,989
69$8,515,171$6,966,946$6,556,476$8,748,609
70$9,322,358$7,246,966$6,714,757$9,457,906
71$10,209,946$7,538,775$6,876,409$10,233,892
72$11,186,074$7,842,888$7,041,482$11,083,190
73$12,259,710$8,159,846$7,210,028$12,013,091
74$13,440,736$8,490,214$7,382,100$13,031,623
75$14,740,038$8,834,582$7,557,748$14,147,625
76$16,169,613$9,193,567$7,737,023$15,370,834
77$17,742,675$9,567,814$7,919,975$16,711,971
78$19,473,789$9,957,998$8,106,655$18,182,844
79$21,378,999$10,364,823$8,297,111$19,796,458
80$23,475,985$10,789,028$8,491,393$21,567,135
81$25,784,228$11,231,383$8,689,547$23,510,652
82$28,325,194$11,692,695$8,891,621$25,644,385
83$31,122,533$12,173,807$9,097,660$27,987,476
84$34,202,309$12,675,600$9,307,709$30,561,007
85$37,593,238$13,198,998$9,521,811$33,388,205
86$41,326,963$13,744,964$9,740,007$36,494,653
87$45,438,354$14,314,508$9,962,338$39,908,535
88$49,965,833$14,908,685$10,188,842$43,660,898
89$54,951,736$15,528,599$10,419,557$47,785,948
90$60,442,717$16,175,405$10,654,516$52,321,364
91$66,490,184$16,850,309$10,893,752$57,308,661
92$73,150,786$17,554,577$11,137,296$62,793,573
93$80,486,944$18,289,530$11,385,174$68,826,489
94$88,567,447$19,056,552$11,637,411$75,462,923
95$97,468,092$19,857,088$11,894,030$82,764,037
96$107,272,406$20,692,654$12,155,049$90,797,219
97$118,072,431$21,564,834$12,420,482$99,636,716
98$129,969,593$22,475,285$12,690,343$109,364,331
99$143,075,660$23,425,742$12,964,637$120,070,196
100$157,513,794$24,418,020$13,243,369$131,853,621