Can I retire at age 65 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%19.9%
1 years$478,959$474,692$470,530$466,467$462,500$444,150
2 years$237,108$232,692$228,413$224,263$220,238$201,978
3 years$156,502$152,067$147,798$143,688$139,728$122,133
4 years$116,207$111,785$107,559$103,519$99,655$82,859
5 years$92,036$87,641$83,470$79,512$75,756$59,802
6 years$75,927$71,566$67,456$63,587$59,943$44,841
7 years$64,426$60,101$56,057$52,278$48,750$34,494
8 years$55,803$51,517$47,540$43,855$40,443$27,019
9 years$49,101$44,855$40,947$37,355$34,059$21,447
10 years$43,742$39,538$35,698$32,200$29,020$17,195
11 years$39,360$35,198$31,428$28,024$24,958$13,892
12 years$35,711$31,592$27,892$24,580$21,628$11,292
13 years$32,626$28,550$24,919$21,701$18,860$9,222
14 years$29,984$25,951$22,390$19,264$16,533$7,561
15 years$27,696$23,707$20,215$17,180$14,557$6,218
16 years$25,696$21,750$18,328$15,383$12,865$5,126
17 years$23,933$20,031$16,678$13,821$11,407$4,234
18 years$22,368$18,510$15,225$12,456$10,143$3,504
19 years$20,970$17,155$13,938$11,255$9,040$2,903
20 years$19,712$15,941$12,791$10,193$8,075$2,408
21 years$18,576$14,848$11,765$9,251$7,226$1,999
22 years$17,545$13,860$10,844$8,411$6,477$1,661
23 years$16,605$12,963$10,012$7,660$5,814$1,381
24 years$15,744$12,146$9,260$6,987$5,226$1,149
25 years$14,953$11,398$8,576$6,381$4,703$956
26 years$14,225$10,713$7,954$5,834$4,236$796
27 years$13,551$10,082$7,386$5,340$3,819$663
28 years$12,927$9,500$6,866$4,893$3,446$552
29 years$12,347$8,962$6,390$4,487$3,112$460
30 years$11,806$8,464$5,952$4,118$2,812$383
31 years$11,302$8,001$5,549$3,782$2,542$320
32 years$10,830$7,571$5,177$3,476$2,299$266
33 years$10,387$7,170$4,834$3,196$2,081$222
34 years$9,971$6,795$4,516$2,941$1,884$185
35 years$9,580$6,445$4,222$2,707$1,706$154
36 years$9,212$6,117$3,950$2,493$1,546$129
37 years$8,864$5,810$3,697$2,297$1,401$107
38 years$8,535$5,522$3,462$2,117$1,270$89
39 years$8,224$5,250$3,244$1,952$1,152$75
40 years$7,930$4,995$3,040$1,801$1,045$62
41 years$7,650$4,755$2,851$1,661$948$52
42 years$7,384$4,529$2,674$1,533$860$43
43 years$7,132$4,315$2,509$1,415$781$36
44 years$6,891$4,113$2,355$1,307$709$30
45 years$6,662$3,922$2,212$1,207$643$25
46 years$6,444$3,742$2,077$1,115$584$21
47 years$6,235$3,571$1,952$1,030$530$17
48 years$6,036$3,409$1,834$952$482$15
49 years$5,845$3,255$1,724$880$437$12
50 years$5,663$3,109$1,621$813$397$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $5,800,000, adding $4,294 every year, while hoping to spend $54,039 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: 61/12/27 Blend
64$5,800,000$5,800,000$5,800,000$5,800,000
65$6,396,029$6,088,629$5,998,729$6,739,549
66$6,990,927$6,329,475$6,142,190$7,214,578
67$7,644,694$6,580,311$6,288,645$7,726,636
68$8,363,276$6,841,570$6,438,138$8,284,428
69$9,153,226$7,113,703$6,590,712$8,892,428
70$10,021,764$7,397,183$6,746,410$9,555,561
71$10,976,843$7,692,504$6,905,273$10,279,247
72$12,027,224$8,000,180$7,067,343$11,069,453
73$13,182,563$8,320,751$7,232,661$11,932,747
74$14,453,495$8,654,779$7,401,266$12,876,363
75$15,851,742$9,002,853$7,573,199$13,908,264
76$17,390,216$9,365,589$7,748,497$15,037,219
77$19,083,144$9,743,629$7,927,198$16,272,883
78$20,946,204$10,137,646$8,109,338$17,625,890
79$22,996,668$10,548,342$8,294,952$19,107,948
80$25,253,568$10,976,451$8,484,073$20,731,955
81$27,737,877$11,422,741$8,676,734$22,512,113
82$30,472,701$11,888,016$8,872,965$24,464,065
83$33,483,502$12,373,115$9,072,795$26,605,041
84$36,798,336$12,878,915$9,276,251$28,954,019
85$40,448,119$13,406,333$9,483,357$31,531,903
86$44,466,914$13,956,331$9,694,137$34,361,720
87$48,892,258$14,529,910$9,908,610$37,468,834
88$53,765,514$15,128,121$10,126,794$40,881,188
89$59,132,258$15,752,061$10,348,703$44,629,562
90$65,042,715$16,402,878$10,574,351$48,747,865
91$71,552,225$17,081,773$10,803,745$53,273,453
92$78,721,773$17,790,000$11,036,891$58,247,479
93$86,618,558$18,528,875$11,273,791$63,715,285
94$95,316,631$19,299,769$11,514,443$69,726,819
95$104,897,591$20,104,122$11,758,841$76,337,115
96$115,451,357$20,943,436$12,006,974$83,606,804
97$127,077,015$21,819,283$12,258,827$91,602,688
98$139,883,753$22,733,310$12,514,380$100,398,367
99$153,991,891$23,687,239$12,773,608$110,074,934
100$169,534,020$24,682,870$13,036,480$120,721,736