Can I retire at age 66 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%14%
1 years$478,959$474,692$470,530$466,467$462,500$454,838
2 years$237,108$232,692$228,413$224,263$220,238$212,541
3 years$156,502$152,067$147,798$143,688$139,728$132,236
4 years$116,207$111,785$107,559$103,519$99,655$92,425
5 years$92,036$87,641$83,470$79,512$75,756$68,810
6 years$75,927$71,566$67,456$63,587$59,943$53,288
7 years$64,426$60,101$56,057$52,278$48,750$42,387
8 years$55,803$51,517$47,540$43,855$40,443$34,372
9 years$49,101$44,855$40,947$37,355$34,059$28,277
10 years$43,742$39,538$35,698$32,200$29,020$23,521
11 years$39,360$35,198$31,428$28,024$24,958$19,737
12 years$35,711$31,592$27,892$24,580$21,628$16,679
13 years$32,626$28,550$24,919$21,701$18,860$14,174
14 years$29,984$25,951$22,390$19,264$16,533$12,103
15 years$27,696$23,707$20,215$17,180$14,557$10,374
16 years$25,696$21,750$18,328$15,383$12,865$8,922
17 years$23,933$20,031$16,678$13,821$11,407$7,694
18 years$22,368$18,510$15,225$12,456$10,143$6,650
19 years$20,970$17,155$13,938$11,255$9,040$5,760
20 years$19,712$15,941$12,791$10,193$8,075$4,997
21 years$18,576$14,848$11,765$9,251$7,226$4,341
22 years$17,545$13,860$10,844$8,411$6,477$3,777
23 years$16,605$12,963$10,012$7,660$5,814$3,289
24 years$15,744$12,146$9,260$6,987$5,226$2,867
25 years$14,953$11,398$8,576$6,381$4,703$2,501
26 years$14,225$10,713$7,954$5,834$4,236$2,183
27 years$13,551$10,082$7,386$5,340$3,819$1,907
28 years$12,927$9,500$6,866$4,893$3,446$1,667
29 years$12,347$8,962$6,390$4,487$3,112$1,457
30 years$11,806$8,464$5,952$4,118$2,812$1,275
31 years$11,302$8,001$5,549$3,782$2,542$1,116
32 years$10,830$7,571$5,177$3,476$2,299$976
33 years$10,387$7,170$4,834$3,196$2,081$855
34 years$9,971$6,795$4,516$2,941$1,884$749
35 years$9,580$6,445$4,222$2,707$1,706$656
36 years$9,212$6,117$3,950$2,493$1,546$575
37 years$8,864$5,810$3,697$2,297$1,401$503
38 years$8,535$5,522$3,462$2,117$1,270$441
39 years$8,224$5,250$3,244$1,952$1,152$387
40 years$7,930$4,995$3,040$1,801$1,045$339
41 years$7,650$4,755$2,851$1,661$948$297
42 years$7,384$4,529$2,674$1,533$860$260
43 years$7,132$4,315$2,509$1,415$781$228
44 years$6,891$4,113$2,355$1,307$709$200
45 years$6,662$3,922$2,212$1,207$643$176
46 years$6,444$3,742$2,077$1,115$584$154
47 years$6,235$3,571$1,952$1,030$530$135
48 years$6,036$3,409$1,834$952$482$118
49 years$5,845$3,255$1,724$880$437$104
50 years$5,663$3,109$1,621$813$397$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $5,800,000, adding $5,071 every year, while hoping to spend $30,523 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: 75/17/8 Blend
65$5,800,000$5,800,000$5,800,000$5,800,000
66$6,396,831$6,089,431$5,999,531$6,868,492
67$7,016,831$6,355,337$6,168,039$7,445,574
68$7,699,049$6,633,249$6,341,169$8,073,390
69$8,449,797$6,923,724$6,519,044$8,760,483
70$9,276,034$7,227,343$6,701,789$9,512,717
71$10,185,423$7,544,717$6,889,533$10,336,546
72$11,186,413$7,876,485$7,082,408$11,239,076
73$12,288,309$8,223,314$7,280,551$12,228,130
74$13,501,365$8,585,906$7,484,098$13,312,319
75$14,836,883$8,964,993$7,693,194$14,501,127
76$16,307,312$9,361,345$7,907,983$15,804,991
77$17,926,373$9,775,766$8,128,616$17,235,409
78$19,709,183$10,209,099$8,355,244$18,805,037
79$21,672,401$10,662,225$8,588,026$20,527,815
80$23,834,382$11,136,071$8,827,121$22,419,092
81$26,215,355$11,631,604$9,072,696$24,495,772
82$28,837,607$12,149,839$9,324,917$26,776,473
83$31,725,701$12,691,839$9,583,960$29,281,697
84$34,906,700$13,258,716$9,849,999$32,034,027
85$38,410,427$13,851,637$10,123,218$35,058,335
86$42,269,747$14,471,824$10,403,802$38,382,016
87$46,520,873$15,120,555$10,691,942$42,035,244
88$51,203,712$15,799,172$10,987,832$46,051,259
89$56,362,238$16,509,079$11,291,672$50,466,672
90$62,044,910$17,251,748$11,603,667$55,321,813
91$68,305,127$18,028,720$11,924,025$60,661,110
92$75,201,732$18,841,609$12,252,963$66,533,502
93$82,799,570$19,692,110$12,590,698$72,992,903
94$91,170,097$20,581,993$12,937,457$80,098,706
95$100,392,053$21,513,117$13,293,468$87,916,343
96$110,552,211$22,487,429$13,658,968$96,517,895
97$121,746,191$23,506,967$14,034,197$105,982,777
98$134,079,362$24,573,868$14,419,403$116,398,480
99$147,667,842$25,690,372$14,814,837$127,861,393
100$162,639,586$26,858,825$15,220,759$140,477,713