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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.4%
1 years$536,764$531,983$527,318$522,765$518,319$500,726
2 years$265,725$260,776$255,980$251,329$246,819$229,270
3 years$175,390$170,420$165,636$161,029$156,592$139,639
4 years$130,232$125,277$120,540$116,012$111,683$95,455
5 years$103,144$98,218$93,544$89,109$84,899$69,441
6 years$85,091$80,203$75,598$71,261$67,178$52,500
7 years$72,201$67,354$62,822$58,588$54,634$40,734
8 years$62,538$57,735$53,278$49,148$45,324$32,192
9 years$55,027$50,269$45,888$41,863$38,169$25,789
10 years$49,021$44,309$40,007$36,086$32,522$20,873
11 years$44,110$39,446$35,221$31,406$27,970$17,030
12 years$40,021$35,405$31,258$27,547$24,238$13,982
13 years$36,563$31,995$27,927$24,320$21,136$11,537
14 years$33,602$29,083$25,092$21,589$18,528$9,558
15 years$31,039$26,568$22,655$19,253$16,313$7,944
16 years$28,797$24,375$20,540$17,239$14,418$6,621
17 years$26,822$22,449$18,691$15,489$12,784$5,530
18 years$25,068$20,744$17,062$13,959$11,367$4,628
19 years$23,500$19,225$15,620$12,613$10,132$3,878
20 years$22,091$17,865$14,335$11,424$9,050$3,254
21 years$20,818$16,640$13,185$10,368$8,098$2,734
22 years$19,662$15,533$12,152$9,427$7,259$2,298
23 years$18,609$14,528$11,221$8,585$6,516$1,934
24 years$17,644$13,612$10,377$7,830$5,857$1,628
25 years$16,758$12,774$9,611$7,151$5,270$1,371
26 years$15,941$12,005$8,914$6,538$4,747$1,155
27 years$15,187$11,299$8,277$5,985$4,280$974
28 years$14,487$10,647$7,695$5,483$3,862$821
29 years$13,837$10,044$7,161$5,028$3,487$693
30 years$13,231$9,485$6,670$4,615$3,151$584
31 years$12,666$8,967$6,218$4,238$2,849$493
32 years$12,137$8,484$5,802$3,895$2,577$416
33 years$11,641$8,035$5,417$3,582$2,332$351
34 years$11,175$7,615$5,061$3,296$2,111$296
35 years$10,736$7,223$4,732$3,034$1,912$250
36 years$10,324$6,856$4,427$2,794$1,733$211
37 years$9,934$6,511$4,143$2,574$1,570$178
38 years$9,565$6,188$3,880$2,373$1,424$151
39 years$9,217$5,884$3,635$2,188$1,291$127
40 years$8,887$5,598$3,407$2,018$1,171$107
41 years$8,573$5,329$3,195$1,862$1,062$91
42 years$8,275$5,075$2,997$1,718$964$77
43 years$7,992$4,836$2,812$1,586$875$65
44 years$7,723$4,609$2,640$1,465$794$55
45 years$7,466$4,395$2,479$1,353$721$46
46 years$7,221$4,193$2,328$1,249$655$39
47 years$6,988$4,002$2,187$1,154$594$33
48 years$6,764$3,820$2,055$1,067$540$28
49 years$6,551$3,648$1,932$986$490$23
50 years$6,346$3,485$1,816$911$445$20

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 $2,679 every year, while hoping to spend $33,007 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: 56/23/21 Blend
54$6,500,000$6,500,000$6,500,000$6,500,000
55$7,165,763$6,821,263$6,720,513$7,526,280
56$7,861,552$7,120,386$6,910,531$8,071,933
57$8,627,205$7,433,060$7,105,809$8,662,336
58$9,469,813$7,759,913$7,306,487$9,304,827
59$10,397,191$8,101,605$7,512,711$10,004,417
60$11,417,946$8,458,826$7,724,629$10,766,618
61$12,541,567$8,832,298$7,942,394$11,597,491
62$13,778,505$9,222,779$8,166,162$12,503,704
63$15,140,278$9,631,061$8,396,094$13,492,592
64$16,639,577$10,057,974$8,632,354$14,572,221
65$18,290,387$10,504,388$8,875,111$15,751,469
66$20,108,118$10,971,214$9,124,538$17,040,103
67$22,109,748$11,459,406$9,380,813$18,448,869
68$24,313,989$11,969,963$9,644,116$19,989,596
69$26,741,457$12,503,932$9,914,636$21,675,299
70$29,414,871$13,062,411$10,192,562$23,520,305
71$32,359,266$13,646,547$10,478,090$25,540,383
72$35,602,228$14,257,544$10,771,423$27,752,891
73$39,174,154$14,896,663$11,072,765$30,176,937
74$43,108,543$15,565,225$11,382,328$32,833,559
75$47,442,307$16,264,613$11,700,327$35,745,915
76$52,216,119$16,996,276$12,026,986$38,939,506
77$57,474,804$17,761,734$12,362,531$42,442,407
78$63,267,753$18,562,578$12,707,194$46,285,535
79$69,649,394$19,400,475$13,061,215$50,502,933
80$76,679,704$20,277,170$13,424,838$55,132,088
81$84,424,778$21,194,495$13,798,314$60,214,284
82$92,957,447$22,154,367$14,181,899$65,794,985
83$102,357,971$23,158,795$14,575,857$71,924,264
84$112,714,792$24,209,885$14,980,456$78,657,267
85$124,125,373$25,309,841$15,395,974$86,054,732
86$136,697,113$26,460,976$15,822,691$94,183,556
87$150,548,366$27,665,711$16,260,899$103,117,426
88$165,809,554$28,926,585$16,710,893$112,937,504
89$182,624,398$30,246,257$17,172,978$123,733,191
90$201,151,278$31,627,515$17,647,464$135,602,968
91$221,564,724$33,073,279$18,134,670$148,655,313
92$244,057,066$34,586,610$18,634,921$163,009,728
93$268,840,248$36,170,715$19,148,553$178,797,853
94$296,147,830$37,828,957$19,675,906$196,164,709
95$326,237,190$39,564,857$20,217,330$215,270,055
96$359,391,957$41,382,109$20,773,184$236,289,892
97$395,924,685$43,284,581$21,343,834$259,418,118
98$436,179,806$45,276,328$21,929,656$284,868,349
99$480,536,879$47,361,601$22,531,032$312,875,927
100$529,414,176$49,544,855$23,148,357$343,700,136