Can I retire at age 55 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$536,764$531,983$527,318$522,765$518,319$510,363
2 years$265,725$260,776$255,980$251,329$246,819$238,822
3 years$175,390$170,420$165,636$161,029$156,592$148,804
4 years$130,232$125,277$120,540$116,012$111,683$104,163
5 years$103,144$98,218$93,544$89,109$84,899$77,670
6 years$85,091$80,203$75,598$71,261$67,178$60,247
7 years$72,201$67,354$62,822$58,588$54,634$48,004
8 years$62,538$57,735$53,278$49,148$45,324$38,994
9 years$55,027$50,269$45,888$41,863$38,169$32,136
10 years$49,021$44,309$40,007$36,086$32,522$26,781
11 years$44,110$39,446$35,221$31,406$27,970$22,515
12 years$40,021$35,405$31,258$27,547$24,238$19,062
13 years$36,563$31,995$27,927$24,320$21,136$16,232
14 years$33,602$29,083$25,092$21,589$18,528$13,888
15 years$31,039$26,568$22,655$19,253$16,313$11,929
16 years$28,797$24,375$20,540$17,239$14,418$10,280
17 years$26,822$22,449$18,691$15,489$12,784$8,884
18 years$25,068$20,744$17,062$13,959$11,367$7,696
19 years$23,500$19,225$15,620$12,613$10,132$6,680
20 years$22,091$17,865$14,335$11,424$9,050$5,808
21 years$20,818$16,640$13,185$10,368$8,098$5,058
22 years$19,662$15,533$12,152$9,427$7,259$4,410
23 years$18,609$14,528$11,221$8,585$6,516$3,849
24 years$17,644$13,612$10,377$7,830$5,857$3,363
25 years$16,758$12,774$9,611$7,151$5,270$2,941
26 years$15,941$12,005$8,914$6,538$4,747$2,574
27 years$15,187$11,299$8,277$5,985$4,280$2,253
28 years$14,487$10,647$7,695$5,483$3,862$1,974
29 years$13,837$10,044$7,161$5,028$3,487$1,730
30 years$13,231$9,485$6,670$4,615$3,151$1,517
31 years$12,666$8,967$6,218$4,238$2,849$1,331
32 years$12,137$8,484$5,802$3,895$2,577$1,168
33 years$11,641$8,035$5,417$3,582$2,332$1,025
34 years$11,175$7,615$5,061$3,296$2,111$900
35 years$10,736$7,223$4,732$3,034$1,912$790
36 years$10,324$6,856$4,427$2,794$1,733$694
37 years$9,934$6,511$4,143$2,574$1,570$610
38 years$9,565$6,188$3,880$2,373$1,424$536
39 years$9,217$5,884$3,635$2,188$1,291$471
40 years$8,887$5,598$3,407$2,018$1,171$414
41 years$8,573$5,329$3,195$1,862$1,062$364
42 years$8,275$5,075$2,997$1,718$964$320
43 years$7,992$4,836$2,812$1,586$875$281
44 years$7,723$4,609$2,640$1,465$794$247
45 years$7,466$4,395$2,479$1,353$721$217
46 years$7,221$4,193$2,328$1,249$655$191
47 years$6,988$4,002$2,187$1,154$594$168
48 years$6,764$3,820$2,055$1,067$540$148
49 years$6,551$3,648$1,932$986$490$130
50 years$6,346$3,485$1,816$911$445$114

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $6,500,000, adding $2,045 every year, while hoping to spend $38,313 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: 73/13/14 Blend
54$6,500,000$6,500,000$6,500,000$6,500,000
55$7,165,109$6,820,609$6,719,859$7,666,286
56$7,855,186$7,114,055$6,904,210$8,291,783
57$8,614,366$7,420,594$7,093,452$8,971,807
58$9,449,658$7,740,830$7,287,709$9,715,657
59$10,368,783$8,075,391$7,487,108$10,529,648
60$11,380,250$8,424,936$7,691,777$11,420,735
61$12,493,433$8,790,156$7,901,849$12,396,570
62$13,718,661$9,171,771$8,117,459$13,465,583
63$15,067,316$9,570,539$8,338,745$14,637,052
64$16,551,938$9,987,251$8,565,849$15,921,194
65$18,186,346$10,422,737$8,798,915$17,329,260
66$19,985,766$10,877,863$9,038,091$18,873,639
67$21,966,975$11,353,540$9,283,529$20,567,973
68$24,148,462$11,850,719$9,535,382$22,427,287
69$26,550,598$12,370,397$9,793,810$24,468,128
70$29,195,829$12,913,617$10,058,973$26,708,721
71$32,108,892$13,481,472$10,331,037$29,169,136
72$35,317,042$14,075,108$10,610,170$31,871,482
73$38,850,315$14,695,723$10,896,545$34,840,108
74$42,741,806$15,344,572$11,190,338$38,101,835
75$47,027,985$16,022,971$11,491,730$41,686,208
76$51,749,040$16,732,296$11,800,902$45,625,771
77$56,949,254$17,473,991$12,118,045$49,956,372
78$62,677,427$18,249,566$12,443,349$54,717,502
79$68,987,334$19,060,603$12,777,010$59,952,665
80$75,938,230$19,908,761$13,119,228$65,709,786
81$83,595,415$20,795,776$13,470,208$72,041,662
82$92,030,844$21,723,466$13,830,157$79,006,456
83$101,323,812$22,693,737$14,199,288$86,668,247
84$111,561,695$23,708,585$14,577,818$95,097,633
85$122,840,782$24,770,099$14,965,970$104,372,390
86$135,267,179$25,880,472$15,363,967$114,578,207
87$148,957,814$27,041,997$15,772,042$125,809,495
88$164,041,534$28,257,079$16,190,429$138,170,269
89$180,660,330$29,528,235$16,619,368$151,775,132
90$198,970,669$30,858,104$17,059,102$166,750,353
91$219,144,977$32,249,451$17,509,882$183,235,053
92$241,373,263$33,705,172$17,971,961$201,382,520
93$265,864,912$35,228,301$18,445,598$221,361,647
94$292,850,663$36,822,019$18,931,056$243,358,527
95$322,584,789$38,489,655$19,428,604$267,578,204
96$355,347,491$40,234,702$19,938,516$294,246,607
97$391,447,549$42,060,816$20,461,070$323,612,674
98$431,225,233$43,971,830$20,996,550$355,950,705
99$475,055,517$45,971,760$21,545,245$391,562,941
100$523,351,617$48,064,814$22,107,448$430,782,413