Can I retire at age 66 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$487,216$482,877$478,642$474,510$470,474$462,871
2 years$241,196$236,704$232,351$228,130$224,035$216,396
3 years$159,200$154,689$150,346$146,165$142,137$134,699
4 years$118,210$113,713$109,414$105,304$101,373$94,195
5 years$93,623$89,152$84,909$80,883$77,063$70,164
6 years$77,236$72,799$68,619$64,683$60,977$54,366
7 years$65,536$61,137$57,023$53,179$49,591$43,269
8 years$56,765$52,406$48,360$44,611$41,140$35,107
9 years$49,947$45,628$41,653$37,999$34,646$28,899
10 years$44,496$40,219$36,314$32,755$29,520$24,054
11 years$40,038$35,805$31,970$28,507$25,388$20,197
12 years$36,327$32,136$28,373$25,004$22,001$17,078
13 years$33,188$29,042$25,349$22,075$19,185$14,523
14 years$30,501$26,398$22,776$19,596$16,818$12,409
15 years$28,174$24,115$20,564$17,476$14,808$10,644
16 years$26,139$22,125$18,644$15,648$13,087$9,160
17 years$24,346$20,377$16,965$14,059$11,604$7,905
18 years$22,754$18,829$15,487$12,670$10,318$6,838
19 years$21,331$17,450$14,178$11,449$9,196$5,926
20 years$20,052$16,216$13,012$10,369$8,214$5,145
21 years$18,897$15,104$11,968$9,411$7,351$4,474
22 years$17,847$14,099$11,031$8,556$6,589$3,895
23 years$16,891$13,187$10,185$7,792$5,915$3,394
24 years$16,015$12,355$9,419$7,107$5,316$2,961
25 years$15,211$11,595$8,724$6,491$4,784$2,585
26 years$14,470$10,897$8,091$5,935$4,309$2,259
27 years$13,785$10,256$7,513$5,432$3,885$1,975
28 years$13,150$9,664$6,985$4,977$3,506$1,727
29 years$12,560$9,117$6,500$4,564$3,165$1,511
30 years$12,010$8,610$6,054$4,189$2,860$1,323
31 years$11,497$8,139$5,644$3,847$2,586$1,159
32 years$11,016$7,701$5,266$3,535$2,339$1,015
33 years$10,566$7,293$4,917$3,251$2,117$890
34 years$10,143$6,912$4,594$2,991$1,917$780
35 years$9,745$6,556$4,295$2,754$1,736$683
36 years$9,371$6,223$4,018$2,536$1,573$599
37 years$9,017$5,910$3,761$2,337$1,426$526
38 years$8,682$5,617$3,522$2,154$1,292$461
39 years$8,366$5,341$3,300$1,986$1,172$404
40 years$8,066$5,082$3,093$1,832$1,063$355
41 years$7,782$4,837$2,900$1,690$964$311
42 years$7,512$4,607$2,720$1,560$875$273
43 years$7,255$4,389$2,553$1,440$794$240
44 years$7,010$4,184$2,396$1,329$721$210
45 years$6,777$3,990$2,250$1,228$654$185
46 years$6,555$3,806$2,113$1,134$594$162
47 years$6,343$3,632$1,985$1,048$540$142
48 years$6,140$3,467$1,866$968$490$125
49 years$5,946$3,311$1,754$895$445$110
50 years$5,760$3,163$1,649$827$404$96

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 $2,219 every year, while hoping to spend $59,587 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: 66/17/17 Blend
65$5,900,000$5,900,000$5,900,000$5,900,000
66$6,504,089$6,191,389$6,099,939$6,906,207
67$7,104,106$6,431,367$6,240,887$7,415,514
68$7,763,327$6,681,107$6,384,559$7,964,920
69$8,487,730$6,941,024$6,530,985$8,564,037
70$9,283,896$7,211,552$6,680,191$9,217,735
71$10,159,079$7,493,144$6,832,203$9,931,376
72$11,121,271$7,786,273$6,987,047$10,710,860
73$12,179,273$8,091,433$7,144,746$11,562,683
74$13,342,787$8,409,141$7,305,323$12,493,994
75$14,622,497$8,739,935$7,468,797$13,512,667
76$16,030,178$9,084,379$7,635,188$14,627,369
77$17,578,803$9,443,060$7,804,514$15,847,643
78$19,282,664$9,816,593$7,976,788$17,183,996
79$21,157,510$10,205,620$8,152,025$18,648,001
80$23,220,693$10,610,812$8,330,234$20,252,399
81$25,491,332$11,032,870$8,511,425$22,011,223
82$27,990,492$11,472,525$8,695,603$23,939,926
83$30,741,387$11,930,544$8,882,770$26,055,529
84$33,769,593$12,407,725$9,072,927$28,376,776
85$37,103,293$12,904,905$9,266,071$30,924,314
86$40,773,539$13,422,956$9,462,196$33,720,884
87$44,814,551$13,962,791$9,661,290$36,791,534
88$49,264,032$14,525,365$9,863,340$40,163,856
89$54,163,530$15,111,674$10,068,329$43,868,242
90$59,558,826$15,722,762$10,276,233$47,938,173
91$65,500,366$16,359,717$10,487,027$52,410,529
92$72,043,739$17,023,679$10,700,678$57,325,939
93$79,250,200$17,715,839$10,917,150$62,729,161
94$87,187,246$18,437,441$11,136,401$68,669,502
95$95,929,258$19,189,789$11,358,383$75,201,284
96$105,558,196$19,974,241$11,583,042$82,384,353
97$116,164,376$20,792,223$11,810,318$90,284,642
98$127,847,322$21,645,223$12,040,144$98,974,789
99$140,716,706$22,534,795$12,272,446$108,534,826
100$154,893,379$23,462,570$12,507,142$119,052,927