Can I retire at age 67 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%15.3%
1 years$478,959$474,692$470,530$466,467$462,500$452,422
2 years$237,108$232,692$228,413$224,263$220,238$210,136
3 years$156,502$152,067$147,798$143,688$139,728$129,917
4 years$116,207$111,785$107,559$103,519$99,655$90,210
5 years$92,036$87,641$83,470$79,512$75,756$66,704
6 years$75,927$71,566$67,456$63,587$59,943$51,293
7 years$64,426$60,101$56,057$52,278$48,750$40,504
8 years$55,803$51,517$47,540$43,855$40,443$32,598
9 years$49,101$44,855$40,947$37,355$34,059$26,610
10 years$43,742$39,538$35,698$32,200$29,020$21,958
11 years$39,360$35,198$31,428$28,024$24,958$18,275
12 years$35,711$31,592$27,892$24,580$21,628$15,314
13 years$32,626$28,550$24,919$21,701$18,860$12,903
14 years$29,984$25,951$22,390$19,264$16,533$10,921
15 years$27,696$23,707$20,215$17,180$14,557$9,277
16 years$25,696$21,750$18,328$15,383$12,865$7,906
17 years$23,933$20,031$16,678$13,821$11,407$6,754
18 years$22,368$18,510$15,225$12,456$10,143$5,783
19 years$20,970$17,155$13,938$11,255$9,040$4,961
20 years$19,712$15,941$12,791$10,193$8,075$4,262
21 years$18,576$14,848$11,765$9,251$7,226$3,666
22 years$17,545$13,860$10,844$8,411$6,477$3,158
23 years$16,605$12,963$10,012$7,660$5,814$2,722
24 years$15,744$12,146$9,260$6,987$5,226$2,349
25 years$14,953$11,398$8,576$6,381$4,703$2,028
26 years$14,225$10,713$7,954$5,834$4,236$1,752
27 years$13,551$10,082$7,386$5,340$3,819$1,514
28 years$12,927$9,500$6,866$4,893$3,446$1,310
29 years$12,347$8,962$6,390$4,487$3,112$1,133
30 years$11,806$8,464$5,952$4,118$2,812$981
31 years$11,302$8,001$5,549$3,782$2,542$849
32 years$10,830$7,571$5,177$3,476$2,299$735
33 years$10,387$7,170$4,834$3,196$2,081$637
34 years$9,971$6,795$4,516$2,941$1,884$551
35 years$9,580$6,445$4,222$2,707$1,706$478
36 years$9,212$6,117$3,950$2,493$1,546$414
37 years$8,864$5,810$3,697$2,297$1,401$359
38 years$8,535$5,522$3,462$2,117$1,270$311
39 years$8,224$5,250$3,244$1,952$1,152$270
40 years$7,930$4,995$3,040$1,801$1,045$234
41 years$7,650$4,755$2,851$1,661$948$203
42 years$7,384$4,529$2,674$1,533$860$176
43 years$7,132$4,315$2,509$1,415$781$152
44 years$6,891$4,113$2,355$1,307$709$132
45 years$6,662$3,922$2,212$1,207$643$114
46 years$6,444$3,742$2,077$1,115$584$99
47 years$6,235$3,571$1,952$1,030$530$86
48 years$6,036$3,409$1,834$952$482$75
49 years$5,845$3,255$1,724$880$437$65
50 years$5,663$3,109$1,621$813$397$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $5,800,000, adding $4,365 every year, while hoping to spend $43,359 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: 46/47/7 Blend
66$5,800,000$5,800,000$5,800,000$5,800,000
67$6,396,102$6,088,702$5,998,802$6,677,883
68$7,002,371$6,340,915$6,153,629$7,124,423
69$7,669,026$6,604,033$6,312,188$7,603,665
70$8,402,181$6,878,545$6,474,561$8,122,514
71$9,208,572$7,164,962$6,640,827$8,684,641
72$10,095,619$7,463,818$6,811,067$9,294,080
73$11,071,500$7,775,673$6,985,366$9,955,256
74$12,145,224$8,101,112$7,163,807$10,673,031
75$13,326,717$8,440,747$7,346,475$11,452,746
76$14,626,917$8,795,218$7,533,457$12,300,266
77$16,057,875$9,165,197$7,724,840$13,222,038
78$17,632,870$9,551,383$7,920,714$14,225,145
79$19,366,533$9,954,510$8,121,167$15,317,372
80$21,274,985$10,375,347$8,326,292$16,507,277
81$23,375,991$10,814,696$8,536,180$17,804,268
82$25,689,124$11,273,399$8,750,925$19,218,689
83$28,235,954$11,752,334$8,970,620$20,761,913
84$31,040,246$12,252,424$9,195,361$22,446,451
85$34,128,189$12,774,631$9,425,243$24,286,058
86$37,528,641$13,319,964$9,660,365$26,295,868
87$41,273,399$13,889,478$9,900,824$28,492,528
88$45,397,502$14,484,280$10,146,718$30,894,352
89$49,939,562$15,105,524$10,398,148$33,521,490
90$54,942,125$15,754,422$10,655,213$36,396,114
91$60,452,074$16,432,241$10,918,015$39,542,623
92$66,521,072$17,140,307$11,186,655$42,987,867
93$73,206,048$17,880,010$11,461,235$46,761,396
94$80,569,737$18,652,802$11,741,859$50,895,737
95$88,681,268$19,460,207$12,028,628$55,426,691
96$97,616,817$20,303,817$12,321,647$60,393,665
97$107,460,329$21,185,301$12,621,019$65,840,045
98$118,304,307$22,106,405$12,926,848$71,813,590
99$130,250,686$23,068,958$13,239,237$78,366,882
100$143,411,795$24,074,876$13,558,291$85,557,816