Can I retire at age 67 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%19.9%
1 years$487,216$482,877$478,642$474,510$470,474$451,808
2 years$241,196$236,704$232,351$228,130$224,035$205,461
3 years$159,200$154,689$150,346$146,165$142,137$124,239
4 years$118,210$113,713$109,414$105,304$101,373$84,288
5 years$93,623$89,152$84,909$80,883$77,063$60,833
6 years$77,236$72,799$68,619$64,683$60,977$45,614
7 years$65,536$61,137$57,023$53,179$49,591$35,089
8 years$56,765$52,406$48,360$44,611$41,140$27,485
9 years$49,947$45,628$41,653$37,999$34,646$21,816
10 years$44,496$40,219$36,314$32,755$29,520$17,491
11 years$40,038$35,805$31,970$28,507$25,388$14,132
12 years$36,327$32,136$28,373$25,004$22,001$11,487
13 years$33,188$29,042$25,349$22,075$19,185$9,381
14 years$30,501$26,398$22,776$19,596$16,818$7,691
15 years$28,174$24,115$20,564$17,476$14,808$6,325
16 years$26,139$22,125$18,644$15,648$13,087$5,214
17 years$24,346$20,377$16,965$14,059$11,604$4,307
18 years$22,754$18,829$15,487$12,670$10,318$3,564
19 years$21,331$17,450$14,178$11,449$9,196$2,953
20 years$20,052$16,216$13,012$10,369$8,214$2,450
21 years$18,897$15,104$11,968$9,411$7,351$2,034
22 years$17,847$14,099$11,031$8,556$6,589$1,690
23 years$16,891$13,187$10,185$7,792$5,915$1,405
24 years$16,015$12,355$9,419$7,107$5,316$1,169
25 years$15,211$11,595$8,724$6,491$4,784$973
26 years$14,470$10,897$8,091$5,935$4,309$810
27 years$13,785$10,256$7,513$5,432$3,885$674
28 years$13,150$9,664$6,985$4,977$3,506$562
29 years$12,560$9,117$6,500$4,564$3,165$468
30 years$12,010$8,610$6,054$4,189$2,860$390
31 years$11,497$8,139$5,644$3,847$2,586$325
32 years$11,016$7,701$5,266$3,535$2,339$271
33 years$10,566$7,293$4,917$3,251$2,117$226
34 years$10,143$6,912$4,594$2,991$1,917$188
35 years$9,745$6,556$4,295$2,754$1,736$157
36 years$9,371$6,223$4,018$2,536$1,573$131
37 years$9,017$5,910$3,761$2,337$1,426$109
38 years$8,682$5,617$3,522$2,154$1,292$91
39 years$8,366$5,341$3,300$1,986$1,172$76
40 years$8,066$5,082$3,093$1,832$1,063$63
41 years$7,782$4,837$2,900$1,690$964$53
42 years$7,512$4,607$2,720$1,560$875$44
43 years$7,255$4,389$2,553$1,440$794$37
44 years$7,010$4,184$2,396$1,329$721$31
45 years$6,777$3,990$2,250$1,228$654$26
46 years$6,555$3,806$2,113$1,134$594$21
47 years$6,343$3,632$1,985$1,048$540$18
48 years$6,140$3,467$1,866$968$490$15
49 years$5,946$3,311$1,754$895$445$12
50 years$5,760$3,163$1,649$827$404$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $5,900,000, adding $4,191 every year, while hoping to spend $35,624 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: 57/20/23 Blend
66$5,900,000$5,900,000$5,900,000$5,900,000
67$6,506,123$6,193,423$6,101,973$6,836,279
68$7,131,844$6,458,997$6,268,485$7,327,812
69$7,820,194$6,736,390$6,439,382$7,859,102
70$8,577,525$7,026,144$6,614,772$8,437,387
71$9,410,833$7,328,826$6,794,767$9,067,205
72$10,327,828$7,645,028$6,979,482$9,753,553
73$11,337,005$7,975,373$7,169,033$10,501,923
74$12,447,723$8,320,510$7,363,540$11,318,360
75$13,670,297$8,681,121$7,563,125$12,209,515
76$15,016,090$9,057,919$7,767,912$13,182,704
77$16,497,624$9,451,649$7,978,029$14,245,981
78$18,128,695$9,863,094$8,193,607$15,408,207
79$19,924,508$10,293,071$8,414,779$16,679,135
80$21,901,814$10,742,438$8,641,680$18,069,500
81$24,079,073$11,212,092$8,874,451$19,591,118
82$26,476,626$11,702,972$9,113,232$21,256,998
83$29,116,886$12,216,061$9,358,169$23,081,460
84$32,024,551$12,752,391$9,609,411$25,080,268
85$35,226,837$13,313,040$9,867,108$27,270,780
86$38,753,733$13,899,138$10,131,415$29,672,108
87$42,638,287$14,511,868$10,402,490$32,305,296
88$46,916,912$15,152,470$10,680,493$35,193,515
89$51,629,737$15,822,241$10,965,590$38,362,284
90$56,820,980$16,522,540$11,257,947$41,839,702
91$62,539,367$17,254,793$11,557,736$45,656,717
92$68,838,594$18,020,489$11,865,131$49,847,409
93$75,777,828$18,821,190$12,180,310$54,449,317
94$83,422,272$19,658,534$12,503,456$59,503,782
95$91,843,775$20,534,233$12,834,753$65,056,340
96$101,121,512$21,450,083$13,174,390$71,157,145
97$111,342,734$22,407,964$13,522,559$77,861,443
98$122,603,585$23,409,847$13,879,457$85,230,088
99$135,010,015$24,457,794$14,245,284$93,330,110
100$148,678,779$25,553,968$14,620,243$102,235,351