Can I retire at age 66 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$470,701$466,508$462,417$458,425$454,526$438,051
2 years$233,020$228,680$224,474$220,396$216,441$200,023
3 years$153,804$149,445$145,250$141,210$137,319$121,475
4 years$114,203$109,858$105,705$101,734$97,937$82,788
5 years$90,449$86,130$82,031$78,141$74,450$60,035
6 years$74,618$70,332$66,293$62,490$58,910$45,239
7 years$63,315$59,064$55,090$51,377$47,910$34,980
8 years$54,841$50,629$46,721$43,099$39,746$27,547
9 years$48,254$44,082$40,241$36,711$33,472$21,987
10 years$42,987$38,856$35,083$31,645$28,519$17,728
11 years$38,681$34,591$30,886$27,540$24,528$14,408
12 years$35,095$31,047$27,411$24,157$21,255$11,782
13 years$32,063$28,058$24,490$21,327$18,535$9,682
14 years$29,467$25,504$22,004$18,931$16,248$7,988
15 years$27,218$23,298$19,867$16,884$14,306$6,611
16 years$25,253$21,375$18,012$15,117$12,643$5,486
17 years$23,521$19,686$16,390$13,583$11,210$4,562
18 years$21,983$18,191$14,962$12,241$9,968$3,800
19 years$20,608$16,859$13,697$11,061$8,885$3,170
20 years$19,372$15,666$12,571$10,018$7,936$2,648
21 years$18,256$14,592$11,563$9,092$7,102$2,214
22 years$17,242$13,621$10,657$8,266$6,366$1,853
23 years$16,318$12,740$9,840$7,528$5,714$1,551
24 years$15,472$11,936$9,100$6,866$5,136$1,300
25 years$14,695$11,202$8,428$6,271$4,622$1,090
26 years$13,979$10,528$7,817$5,734$4,163$914
27 years$13,318$9,908$7,259$5,248$3,753$766
28 years$12,704$9,336$6,748$4,808$3,387$643
29 years$12,134$8,808$6,279$4,409$3,058$540
30 years$11,603$8,318$5,849$4,047$2,763$453
31 years$11,107$7,863$5,453$3,717$2,498$380
32 years$10,643$7,440$5,088$3,416$2,260$319
33 years$10,208$7,046$4,750$3,141$2,045$268
34 years$9,799$6,678$4,438$2,890$1,852$225
35 years$9,415$6,334$4,150$2,660$1,677$189
36 years$9,053$6,012$3,882$2,450$1,520$159
37 years$8,711$5,710$3,633$2,257$1,377$134
38 years$8,388$5,426$3,403$2,081$1,249$112
39 years$8,082$5,160$3,188$1,919$1,132$94
40 years$7,793$4,909$2,988$1,770$1,027$79
41 years$7,518$4,673$2,802$1,633$932$67
42 years$7,257$4,451$2,628$1,507$845$56
43 years$7,009$4,241$2,466$1,391$767$47
44 years$6,772$4,042$2,315$1,284$696$39
45 years$6,547$3,855$2,174$1,186$632$33
46 years$6,333$3,677$2,042$1,096$574$28
47 years$6,128$3,509$1,918$1,012$521$23
48 years$5,932$3,350$1,802$935$473$20
49 years$5,744$3,199$1,694$864$430$17
50 years$5,565$3,056$1,593$799$391$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $5,700,000, adding $6,297 every year, while hoping to spend $27,122 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: 67/10/23 Blend
65$5,700,000$5,700,000$5,700,000$5,700,000
66$6,287,895$5,985,795$5,897,445$6,671,841
67$6,900,403$6,250,242$6,066,152$7,194,785
68$7,574,478$6,526,737$6,239,602$7,762,788
69$8,316,370$6,815,843$6,417,924$8,383,349
70$9,132,968$7,118,148$6,601,253$9,061,644
71$10,031,862$7,434,268$6,789,726$9,803,376
72$11,021,414$7,764,849$6,983,484$10,614,820
73$12,110,838$8,110,567$7,182,671$11,502,885
74$13,310,289$8,472,130$7,387,436$12,475,178
75$14,630,955$8,850,280$7,597,931$13,540,073
76$16,085,163$9,245,795$7,814,312$14,706,792
77$17,686,499$9,659,488$8,036,741$15,985,489
78$19,449,932$10,092,213$8,265,382$17,387,344
79$21,391,956$10,544,862$8,500,403$18,924,670
80$23,530,748$11,018,373$8,741,979$20,611,027
81$25,886,336$11,513,725$8,990,287$22,461,349
82$28,480,791$12,031,946$9,245,510$24,492,082
83$31,338,432$12,574,113$9,507,836$26,721,339
84$34,486,061$13,141,352$9,777,457$29,169,074
85$37,953,207$13,734,847$10,054,569$31,857,260
86$41,772,413$14,355,833$10,339,377$34,810,103
87$45,979,540$15,005,610$10,632,087$38,054,266
88$50,614,104$15,685,535$10,932,912$41,619,118
89$55,719,649$16,397,034$11,242,071$45,537,013
90$61,344,162$17,141,597$11,559,789$49,843,589
91$67,540,520$17,920,788$11,886,296$54,578,107
92$74,366,993$18,736,247$12,221,827$59,783,819
93$81,887,792$19,589,689$12,566,624$65,508,372
94$90,173,677$20,482,914$12,920,936$71,804,258
95$99,302,622$21,417,807$13,285,017$78,729,308
96$109,360,553$22,396,343$13,659,129$86,347,233
97$120,442,159$23,420,593$14,043,539$94,728,226
98$132,651,784$24,492,727$14,438,522$103,949,623
99$146,104,413$25,615,017$14,844,360$114,096,628
100$160,926,757$26,789,848$15,261,340$125,263,114