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%16.9%
1 years$487,216$482,877$478,642$474,510$470,474$457,247
2 years$241,196$236,704$232,351$228,130$224,035$210,810
3 years$159,200$154,689$150,346$146,165$142,137$129,328
4 years$118,210$113,713$109,414$105,304$101,373$89,079
5 years$93,623$89,152$84,909$80,883$77,063$65,316
6 years$77,236$72,799$68,619$64,683$60,977$49,789
7 years$65,536$61,137$57,023$53,179$49,591$38,962
8 years$56,765$52,406$48,360$44,611$41,140$31,065
9 years$49,947$45,628$41,653$37,999$34,646$25,114
10 years$44,496$40,219$36,314$32,755$29,520$20,520
11 years$40,038$35,805$31,970$28,507$25,388$16,904
12 years$36,327$32,136$28,373$25,004$22,001$14,017
13 years$33,188$29,042$25,349$22,075$19,185$11,684
14 years$30,501$26,398$22,776$19,596$16,818$9,781
15 years$28,174$24,115$20,564$17,476$14,808$8,217
16 years$26,139$22,125$18,644$15,648$13,087$6,923
17 years$24,346$20,377$16,965$14,059$11,604$5,846
18 years$22,754$18,829$15,487$12,670$10,318$4,947
19 years$21,331$17,450$14,178$11,449$9,196$4,193
20 years$20,052$16,216$13,012$10,369$8,214$3,559
21 years$18,897$15,104$11,968$9,411$7,351$3,024
22 years$17,847$14,099$11,031$8,556$6,589$2,572
23 years$16,891$13,187$10,185$7,792$5,915$2,190
24 years$16,015$12,355$9,419$7,107$5,316$1,866
25 years$15,211$11,595$8,724$6,491$4,784$1,590
26 years$14,470$10,897$8,091$5,935$4,309$1,356
27 years$13,785$10,256$7,513$5,432$3,885$1,157
28 years$13,150$9,664$6,985$4,977$3,506$988
29 years$12,560$9,117$6,500$4,564$3,165$844
30 years$12,010$8,610$6,054$4,189$2,860$720
31 years$11,497$8,139$5,644$3,847$2,586$616
32 years$11,016$7,701$5,266$3,535$2,339$526
33 years$10,566$7,293$4,917$3,251$2,117$449
34 years$10,143$6,912$4,594$2,991$1,917$384
35 years$9,745$6,556$4,295$2,754$1,736$328
36 years$9,371$6,223$4,018$2,536$1,573$281
37 years$9,017$5,910$3,761$2,337$1,426$240
38 years$8,682$5,617$3,522$2,154$1,292$205
39 years$8,366$5,341$3,300$1,986$1,172$175
40 years$8,066$5,082$3,093$1,832$1,063$150
41 years$7,782$4,837$2,900$1,690$964$128
42 years$7,512$4,607$2,720$1,560$875$110
43 years$7,255$4,389$2,553$1,440$794$94
44 years$7,010$4,184$2,396$1,329$721$80
45 years$6,777$3,990$2,250$1,228$654$69
46 years$6,555$3,806$2,113$1,134$594$59
47 years$6,343$3,632$1,985$1,048$540$50
48 years$6,140$3,467$1,866$968$490$43
49 years$5,946$3,311$1,754$895$445$37
50 years$5,760$3,163$1,649$827$404$31

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 $4,789 every year, while hoping to spend $26,080 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: 37/43/20 Blend
66$5,900,000$5,900,000$5,900,000$5,900,000
67$6,506,740$6,194,040$6,102,590$6,708,085
68$7,142,678$6,469,799$6,279,278$7,130,432
69$7,842,609$6,758,196$6,461,010$7,583,531
70$8,613,030$7,059,823$6,647,930$8,072,412
71$9,461,104$7,375,300$6,840,181$8,600,308
72$10,394,723$7,705,275$7,037,913$9,170,757
73$11,422,581$8,050,430$7,241,279$9,787,646
74$12,554,260$8,411,477$7,450,438$10,455,234
75$13,800,318$8,789,162$7,665,551$11,178,197
76$15,172,387$9,184,268$7,886,783$11,961,665
77$16,683,287$9,597,614$8,114,307$12,811,270
78$18,347,144$10,030,058$8,348,298$13,733,195
79$20,179,522$10,482,500$8,588,935$14,734,229
80$22,197,572$10,955,883$8,836,404$15,821,830
81$24,420,196$11,451,192$9,090,895$17,004,189
82$26,868,220$11,969,464$9,352,603$18,290,303
83$29,564,592$12,511,782$9,621,729$19,690,062
84$32,534,603$13,079,281$9,898,480$21,214,332
85$35,806,119$13,673,153$10,183,065$22,875,055
86$39,409,848$14,294,643$10,475,703$24,685,361
87$43,379,631$14,945,058$10,776,617$26,659,682
88$47,752,755$15,625,768$11,086,036$28,813,888
89$52,570,313$16,338,208$11,404,195$31,165,429
90$57,877,586$17,083,880$11,731,336$33,733,496
91$63,724,471$17,864,361$12,067,707$36,539,198
92$70,165,954$18,681,302$12,413,563$39,605,751
93$77,262,628$19,536,434$12,769,164$42,958,697
94$85,081,266$20,431,568$13,134,780$46,626,133
95$93,695,446$21,368,606$13,510,687$50,638,977
96$103,186,254$22,349,540$13,897,167$55,031,247
97$113,643,041$23,376,457$14,294,511$59,840,376
98$125,164,272$24,451,544$14,703,018$65,107,561
99$137,858,452$25,577,093$15,122,993$70,878,142
100$151,845,152$26,755,509$15,554,752$77,202,021