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%19.2%
1 years$536,764$531,983$527,318$522,765$518,319$499,135
2 years$265,725$260,776$255,980$251,329$246,819$227,708
3 years$175,390$170,420$165,636$161,029$156,592$138,155
4 years$130,232$125,277$120,540$116,012$111,683$94,060
5 years$103,144$98,218$93,544$89,109$84,899$68,138
6 years$85,091$80,203$75,598$71,261$67,178$51,289
7 years$72,201$67,354$62,822$58,588$54,634$39,613
8 years$62,538$57,735$53,278$49,148$45,324$31,158
9 years$55,027$50,269$45,888$41,863$38,169$24,838
10 years$49,021$44,309$40,007$36,086$32,522$20,002
11 years$44,110$39,446$35,221$31,406$27,970$16,235
12 years$40,021$35,405$31,258$27,547$24,238$13,258
13 years$36,563$31,995$27,927$24,320$21,136$10,880
14 years$33,602$29,083$25,092$21,589$18,528$8,964
15 years$31,039$26,568$22,655$19,253$16,313$7,408
16 years$28,797$24,375$20,540$17,239$14,418$6,139
17 years$26,822$22,449$18,691$15,489$12,784$5,097
18 years$25,068$20,744$17,062$13,959$11,367$4,240
19 years$23,500$19,225$15,620$12,613$10,132$3,532
20 years$22,091$17,865$14,335$11,424$9,050$2,945
21 years$20,818$16,640$13,185$10,368$8,098$2,459
22 years$19,662$15,533$12,152$9,427$7,259$2,054
23 years$18,609$14,528$11,221$8,585$6,516$1,717
24 years$17,644$13,612$10,377$7,830$5,857$1,437
25 years$16,758$12,774$9,611$7,151$5,270$1,202
26 years$15,941$12,005$8,914$6,538$4,747$1,007
27 years$15,187$11,299$8,277$5,985$4,280$843
28 years$14,487$10,647$7,695$5,483$3,862$706
29 years$13,837$10,044$7,161$5,028$3,487$592
30 years$13,231$9,485$6,670$4,615$3,151$496
31 years$12,666$8,967$6,218$4,238$2,849$416
32 years$12,137$8,484$5,802$3,895$2,577$349
33 years$11,641$8,035$5,417$3,582$2,332$292
34 years$11,175$7,615$5,061$3,296$2,111$245
35 years$10,736$7,223$4,732$3,034$1,912$205
36 years$10,324$6,856$4,427$2,794$1,733$172
37 years$9,934$6,511$4,143$2,574$1,570$145
38 years$9,565$6,188$3,880$2,373$1,424$121
39 years$9,217$5,884$3,635$2,188$1,291$102
40 years$8,887$5,598$3,407$2,018$1,171$85
41 years$8,573$5,329$3,195$1,862$1,062$72
42 years$8,275$5,075$2,997$1,718$964$60
43 years$7,992$4,836$2,812$1,586$875$50
44 years$7,723$4,609$2,640$1,465$794$42
45 years$7,466$4,395$2,479$1,353$721$35
46 years$7,221$4,193$2,328$1,249$655$30
47 years$6,988$4,002$2,187$1,154$594$25
48 years$6,764$3,820$2,055$1,067$540$21
49 years$6,551$3,648$1,932$986$490$18
50 years$6,346$3,485$1,816$911$445$15

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 $4,160 every year, while hoping to spend $56,500 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: 61/9/30 Blend
54$6,500,000$6,500,000$6,500,000$6,500,000
55$7,167,291$6,822,791$6,722,041$7,545,976
56$7,838,239$7,096,992$6,887,114$8,079,007
57$8,575,730$7,382,736$7,055,823$8,654,194
58$9,386,492$7,680,527$7,228,231$9,280,924
59$10,277,937$7,990,896$7,404,399$9,964,248
60$11,258,231$8,314,394$7,584,391$10,709,729
61$12,336,372$8,651,600$7,768,268$11,523,488
62$13,522,271$9,003,118$7,956,095$12,412,265
63$14,826,851$9,369,579$8,147,932$13,383,481
64$16,262,145$9,751,644$8,343,844$14,445,309
65$17,841,413$10,150,003$8,543,891$15,606,744
66$19,579,262$10,565,379$8,748,137$16,877,695
67$21,491,790$10,998,526$8,956,643$18,269,073
68$23,596,733$11,450,233$9,169,470$19,792,894
69$25,913,632$11,921,327$9,386,680$21,462,393
70$28,464,020$12,412,670$9,608,332$23,292,143
71$31,271,625$12,925,166$9,834,486$25,298,199
72$34,362,591$13,459,759$10,065,201$27,498,243
73$37,765,724$14,017,436$10,300,534$29,911,752
74$41,512,769$14,599,232$10,540,543$32,560,179
75$45,638,703$15,206,226$10,785,283$35,467,156
76$50,182,069$15,839,549$11,034,808$38,658,716
77$55,185,337$16,500,384$11,289,171$42,163,538
78$60,695,307$17,189,967$11,548,423$46,013,212
79$66,763,546$17,909,594$11,812,614$50,242,544
80$73,446,882$18,660,618$12,081,790$54,889,875
81$80,807,932$19,444,456$12,355,998$59,997,446
82$88,915,697$20,262,591$12,635,280$65,611,794
83$97,846,213$21,116,572$12,919,677$71,784,192
84$107,683,266$22,008,024$13,209,226$78,571,129
85$118,519,187$22,938,645$13,503,962$86,034,840
86$130,455,716$23,910,210$13,803,917$94,243,897
87$143,604,970$24,924,582$14,109,119$103,273,851
88$158,090,495$25,983,704$14,419,593$113,207,945
89$174,048,435$27,089,615$14,735,358$124,137,895
90$191,628,815$28,244,446$15,056,433$136,164,759
91$210,996,958$29,450,428$15,382,827$149,399,884
92$232,335,045$30,709,896$15,714,549$163,965,960
93$255,843,833$32,025,295$16,051,600$179,998,170
94$281,744,552$33,399,182$16,393,977$197,645,472
95$310,280,991$34,834,237$16,741,670$217,071,994
96$341,721,799$36,333,261$17,094,663$238,458,589
97$376,363,022$37,899,191$17,452,934$262,004,536
98$414,530,897$39,535,097$17,816,453$287,929,417
99$456,584,928$41,244,197$18,185,184$316,475,193
100$502,921,285$43,029,856$18,559,081$347,908,481