Can I retire at age 66 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$462,443$458,324$454,305$450,382$446,552$430,708
2 years$228,932$224,668$220,536$216,530$212,644$196,850
3 years$151,105$146,823$142,702$138,733$134,910$119,663
4 years$112,200$107,931$103,850$99,949$96,219$81,635
5 years$88,862$84,619$80,592$76,771$73,144$59,262
6 years$73,309$69,098$65,130$61,394$57,876$44,706
7 years$62,204$58,028$54,124$50,475$47,069$34,607
8 years$53,879$49,741$45,901$42,343$39,048$27,285
9 years$47,408$43,308$39,535$36,066$32,884$21,805
10 years$42,233$38,174$34,467$31,090$28,019$17,604
11 years$38,003$33,984$30,344$27,057$24,097$14,325
12 years$34,480$30,502$26,930$23,733$20,882$11,730
13 years$31,501$27,565$24,060$20,953$18,210$9,652
14 years$28,950$25,056$21,618$18,599$15,963$7,975
15 years$26,741$22,889$19,518$16,587$14,055$6,610
16 years$24,810$21,000$17,696$14,852$12,422$5,493
17 years$23,108$19,341$16,103$13,345$11,014$4,574
18 years$21,597$17,872$14,700$12,026$9,793$3,816
19 years$20,247$16,563$13,457$10,867$8,729$3,189
20 years$19,033$15,391$12,350$9,842$7,797$2,667
21 years$17,936$14,336$11,360$8,932$6,977$2,234
22 years$16,940$13,383$10,470$8,121$6,254$1,872
23 years$16,032$12,516$9,667$7,396$5,614$1,570
24 years$15,201$11,727$8,940$6,746$5,046$1,318
25 years$14,438$11,005$8,280$6,161$4,541$1,106
26 years$13,734$10,343$7,680$5,633$4,090$929
27 years$13,084$9,734$7,131$5,156$3,687$781
28 years$12,481$9,172$6,629$4,724$3,327$656
29 years$11,921$8,653$6,169$4,332$3,004$552
30 years$11,399$8,172$5,746$3,976$2,715$464
31 years$10,912$7,725$5,357$3,651$2,454$390
32 years$10,456$7,310$4,998$3,356$2,220$328
33 years$10,029$6,922$4,667$3,086$2,009$276
34 years$9,627$6,561$4,361$2,839$1,819$232
35 years$9,250$6,223$4,077$2,614$1,648$195
36 years$8,894$5,906$3,814$2,407$1,493$164
37 years$8,558$5,610$3,570$2,218$1,353$138
38 years$8,241$5,331$3,343$2,044$1,227$116
39 years$7,941$5,069$3,132$1,885$1,112$98
40 years$7,656$4,823$2,936$1,739$1,009$82
41 years$7,386$4,591$2,753$1,604$915$69
42 years$7,130$4,372$2,582$1,480$831$58
43 years$6,886$4,166$2,423$1,367$754$49
44 years$6,654$3,971$2,274$1,262$684$41
45 years$6,432$3,787$2,135$1,165$621$35
46 years$6,221$3,613$2,006$1,076$564$29
47 years$6,020$3,447$1,884$994$512$25
48 years$5,828$3,291$1,771$919$465$21
49 years$5,644$3,143$1,664$849$422$17
50 years$5,468$3,002$1,565$785$384$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $5,600,000, adding $3,323 every year, while hoping to spend $24,662 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: 45/32/23 Blend
65$5,600,000$5,600,000$5,600,000$5,600,000
66$6,174,628$5,877,828$5,791,028$6,411,386
67$6,778,200$6,139,601$5,958,787$6,840,502
68$7,442,509$6,413,375$6,131,340$7,302,907
69$8,173,726$6,699,711$6,308,820$7,803,882
70$8,978,647$6,999,198$6,491,367$8,347,027
71$9,864,763$7,312,453$6,679,122$8,936,299
72$10,840,327$7,640,121$6,872,230$9,576,041
73$11,914,434$7,982,880$7,070,843$10,271,025
74$13,097,103$8,341,439$7,275,114$11,026,497
75$14,399,378$8,716,540$7,485,201$11,848,219
76$15,833,426$9,108,961$7,701,266$12,742,525
77$17,412,654$9,519,519$7,923,477$13,716,376
78$19,151,836$9,949,066$8,152,005$14,777,428
79$21,067,252$10,398,499$8,387,026$15,934,094
80$23,176,841$10,868,755$8,628,721$17,195,630
81$25,500,371$11,360,817$8,877,275$18,572,212
82$28,059,626$11,875,713$9,132,880$20,075,034
83$30,878,608$12,414,524$9,395,732$21,716,407
84$33,983,768$12,978,378$9,666,032$23,509,877
85$37,404,255$13,568,461$9,943,986$25,470,343
86$41,172,187$14,186,013$10,229,807$27,614,202
87$45,322,957$14,832,335$10,523,713$29,959,493
88$49,895,570$15,508,790$10,825,929$32,526,068
89$54,933,003$16,216,806$11,136,683$35,335,776
90$60,482,619$16,957,880$11,456,211$38,412,661
91$66,596,610$17,733,579$11,784,758$41,783,190
92$73,332,487$18,545,548$12,122,570$45,476,493
93$80,753,630$19,395,508$12,469,905$49,524,640
94$88,929,877$20,285,265$12,827,024$53,962,932
95$97,938,192$21,216,711$13,194,197$58,830,234
96$107,863,385$22,191,828$13,571,700$64,169,336
97$118,798,917$23,212,693$13,959,818$70,027,348
98$130,847,776$24,281,485$14,358,842$76,456,145
99$144,123,458$25,400,486$14,769,072$83,512,845
100$158,751,029$26,572,089$15,190,814$91,260,346