Can I retire at age 67 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%11.1%
1 years$487,216$482,877$478,642$474,510$470,474$468,295
2 years$241,196$236,704$232,351$228,130$224,035$221,836
3 years$159,200$154,689$150,346$146,165$142,137$139,985
4 years$118,210$113,713$109,414$105,304$101,373$99,285
5 years$93,623$89,152$84,909$80,883$77,063$75,045
6 years$77,236$72,799$68,619$64,683$60,977$59,032
7 years$65,536$61,137$57,023$53,179$49,591$47,720
8 years$56,765$52,406$48,360$44,611$41,140$39,344
9 years$49,947$45,628$41,653$37,999$34,646$32,923
10 years$44,496$40,219$36,314$32,755$29,520$27,870
11 years$40,038$35,805$31,970$28,507$25,388$23,810
12 years$36,327$32,136$28,373$25,004$22,001$20,493
13 years$33,188$29,042$25,349$22,075$19,185$17,747
14 years$30,501$26,398$22,776$19,596$16,818$15,447
15 years$28,174$24,115$20,564$17,476$14,808$13,503
16 years$26,139$22,125$18,644$15,648$13,087$11,846
17 years$24,346$20,377$16,965$14,059$11,604$10,425
18 years$22,754$18,829$15,487$12,670$10,318$9,199
19 years$21,331$17,450$14,178$11,449$9,196$8,136
20 years$20,052$16,216$13,012$10,369$8,214$7,211
21 years$18,897$15,104$11,968$9,411$7,351$6,402
22 years$17,847$14,099$11,031$8,556$6,589$5,692
23 years$16,891$13,187$10,185$7,792$5,915$5,068
24 years$16,015$12,355$9,419$7,107$5,316$4,517
25 years$15,211$11,595$8,724$6,491$4,784$4,031
26 years$14,470$10,897$8,091$5,935$4,309$3,600
27 years$13,785$10,256$7,513$5,432$3,885$3,218
28 years$13,150$9,664$6,985$4,977$3,506$2,879
29 years$12,560$9,117$6,500$4,564$3,165$2,577
30 years$12,010$8,610$6,054$4,189$2,860$2,308
31 years$11,497$8,139$5,644$3,847$2,586$2,068
32 years$11,016$7,701$5,266$3,535$2,339$1,854
33 years$10,566$7,293$4,917$3,251$2,117$1,663
34 years$10,143$6,912$4,594$2,991$1,917$1,492
35 years$9,745$6,556$4,295$2,754$1,736$1,339
36 years$9,371$6,223$4,018$2,536$1,573$1,202
37 years$9,017$5,910$3,761$2,337$1,426$1,080
38 years$8,682$5,617$3,522$2,154$1,292$970
39 years$8,366$5,341$3,300$1,986$1,172$871
40 years$8,066$5,082$3,093$1,832$1,063$783
41 years$7,782$4,837$2,900$1,690$964$704
42 years$7,512$4,607$2,720$1,560$875$633
43 years$7,255$4,389$2,553$1,440$794$569
44 years$7,010$4,184$2,396$1,329$721$511
45 years$6,777$3,990$2,250$1,228$654$460
46 years$6,555$3,806$2,113$1,134$594$413
47 years$6,343$3,632$1,985$1,048$540$372
48 years$6,140$3,467$1,866$968$490$334
49 years$5,946$3,311$1,754$895$445$301
50 years$5,760$3,163$1,649$827$404$271

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 $5,753 every year, while hoping to spend $20,422 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: 66/9/25 Blend
66$5,900,000$5,900,000$5,900,000$5,900,000
67$6,507,734$6,195,034$6,103,584$6,894,617
68$7,149,794$6,476,862$6,286,325$7,437,639
69$7,856,660$6,771,815$6,474,504$8,028,278
70$8,634,920$7,080,515$6,668,281$8,673,590
71$9,491,834$7,403,612$6,867,820$9,378,959
72$10,435,403$7,741,790$7,073,294$10,150,312
73$11,474,440$8,095,765$7,284,875$10,994,173
74$12,618,660$8,466,284$7,502,746$11,917,724
75$13,878,766$8,854,135$7,727,090$12,928,872
76$15,266,552$9,260,139$7,958,100$14,036,323
77$16,795,015$9,685,161$8,195,971$15,249,662
78$18,478,477$10,130,104$8,440,907$16,579,442
79$20,332,719$10,595,916$8,693,114$18,037,285
80$22,375,130$11,083,590$8,952,807$19,635,988
81$24,624,874$11,594,167$9,220,207$21,389,645
82$27,103,068$12,128,738$9,495,541$23,313,775
83$29,832,981$12,688,446$9,779,042$25,425,472
84$32,840,256$13,274,490$10,070,950$27,743,560
85$36,153,148$13,888,126$10,371,512$30,288,774
86$39,802,795$14,530,671$10,680,984$33,083,951
87$43,823,510$15,203,504$10,999,628$36,154,245
88$48,253,105$15,908,072$11,327,711$39,527,363
89$53,133,245$16,645,891$11,665,513$43,233,826
90$58,509,847$17,418,550$12,013,319$47,307,252
91$64,433,507$18,227,716$12,371,421$51,784,675
92$70,959,985$19,075,134$12,740,124$56,706,893
93$78,150,722$19,962,634$13,119,737$62,118,847
94$86,073,429$20,892,136$13,510,581$68,070,048
95$94,802,718$21,865,650$13,912,985$74,615,038
96$104,420,814$22,885,286$14,327,289$81,813,907
97$115,018,324$23,953,252$14,753,840$89,732,856
98$126,695,098$25,071,866$15,192,998$98,444,818
99$139,561,168$26,243,557$15,645,133$108,030,146
100$153,737,786$27,470,870$16,110,624$118,577,370