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%13.8%
1 years$536,764$531,983$527,318$522,765$518,319$510,152
2 years$265,725$260,776$255,980$251,329$246,819$238,612
3 years$175,390$170,420$165,636$161,029$156,592$148,601
4 years$130,232$125,277$120,540$116,012$111,683$103,968
5 years$103,144$98,218$93,544$89,109$84,899$77,484
6 years$85,091$80,203$75,598$71,261$67,178$60,071
7 years$72,201$67,354$62,822$58,588$54,634$47,837
8 years$62,538$57,735$53,278$49,148$45,324$38,836
9 years$55,027$50,269$45,888$41,863$38,169$31,987
10 years$49,021$44,309$40,007$36,086$32,522$26,640
11 years$44,110$39,446$35,221$31,406$27,970$22,382
12 years$40,021$35,405$31,258$27,547$24,238$18,938
13 years$36,563$31,995$27,927$24,320$21,136$16,116
14 years$33,602$29,083$25,092$21,589$18,528$13,779
15 years$31,039$26,568$22,655$19,253$16,313$11,827
16 years$28,797$24,375$20,540$17,239$14,418$10,186
17 years$26,822$22,449$18,691$15,489$12,784$8,796
18 years$25,068$20,744$17,062$13,959$11,367$7,614
19 years$23,500$19,225$15,620$12,613$10,132$6,604
20 years$22,091$17,865$14,335$11,424$9,050$5,738
21 years$20,818$16,640$13,185$10,368$8,098$4,993
22 years$19,662$15,533$12,152$9,427$7,259$4,350
23 years$18,609$14,528$11,221$8,585$6,516$3,794
24 years$17,644$13,612$10,377$7,830$5,857$3,312
25 years$16,758$12,774$9,611$7,151$5,270$2,894
26 years$15,941$12,005$8,914$6,538$4,747$2,531
27 years$15,187$11,299$8,277$5,985$4,280$2,214
28 years$14,487$10,647$7,695$5,483$3,862$1,938
29 years$13,837$10,044$7,161$5,028$3,487$1,697
30 years$13,231$9,485$6,670$4,615$3,151$1,487
31 years$12,666$8,967$6,218$4,238$2,849$1,304
32 years$12,137$8,484$5,802$3,895$2,577$1,143
33 years$11,641$8,035$5,417$3,582$2,332$1,002
34 years$11,175$7,615$5,061$3,296$2,111$879
35 years$10,736$7,223$4,732$3,034$1,912$771
36 years$10,324$6,856$4,427$2,794$1,733$677
37 years$9,934$6,511$4,143$2,574$1,570$594
38 years$9,565$6,188$3,880$2,373$1,424$522
39 years$9,217$5,884$3,635$2,188$1,291$458
40 years$8,887$5,598$3,407$2,018$1,171$402
41 years$8,573$5,329$3,195$1,862$1,062$353
42 years$8,275$5,075$2,997$1,718$964$310
43 years$7,992$4,836$2,812$1,586$875$272
44 years$7,723$4,609$2,640$1,465$794$239
45 years$7,466$4,395$2,479$1,353$721$210
46 years$7,221$4,193$2,328$1,249$655$185
47 years$6,988$4,002$2,187$1,154$594$162
48 years$6,764$3,820$2,055$1,067$540$142
49 years$6,551$3,648$1,932$986$490$125
50 years$6,346$3,485$1,816$911$445$110

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 $4,060 every year, while hoping to spend $28,675 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: 50/44/6 Blend
54$6,500,000$6,500,000$6,500,000$6,500,000
55$7,167,188$6,822,688$6,721,938$7,514,715
56$7,867,731$7,126,490$6,916,613$8,055,597
57$8,638,769$7,444,217$7,116,848$8,639,577
58$9,487,461$7,776,521$7,322,800$9,273,429
59$10,421,697$8,124,085$7,534,629$9,961,827
60$11,450,170$8,487,626$7,752,500$10,709,900
61$12,582,460$8,867,892$7,976,581$11,523,284
62$13,829,121$9,265,668$8,207,046$12,408,167
63$15,201,783$9,681,779$8,444,074$13,371,348
64$16,713,263$10,117,084$8,687,849$14,420,299
65$18,377,683$10,572,488$8,938,559$15,563,228
66$20,210,603$11,048,936$9,196,397$16,809,160
67$22,229,170$11,547,419$9,461,561$18,168,011
68$24,452,279$12,068,976$9,734,258$19,650,685
69$26,900,750$12,614,696$10,014,695$21,269,169
70$29,597,528$13,185,717$10,303,088$23,036,644
71$32,567,893$13,783,234$10,599,659$24,967,606
72$35,839,705$14,408,500$10,904,634$27,077,998
73$39,443,664$15,062,825$11,218,248$29,385,355
74$43,413,598$15,747,584$11,540,740$31,908,965
75$47,786,786$16,464,216$11,872,355$34,670,048
76$52,604,306$17,214,231$12,213,347$37,691,953
77$57,911,426$17,999,209$12,563,976$41,000,367
78$63,758,030$18,820,808$12,924,507$44,623,556
79$70,199,085$19,680,764$13,295,214$48,592,629
80$77,295,167$20,580,897$13,676,379$52,941,817
81$85,113,026$21,523,113$14,068,289$57,708,800
82$93,726,220$22,509,410$14,471,242$62,935,048
83$103,215,807$23,541,884$14,885,542$68,666,210
84$113,671,111$24,622,729$15,311,500$74,952,537
85$125,190,567$25,754,245$15,749,437$81,849,347
86$137,882,644$26,938,842$16,199,682$89,417,540
87$151,866,876$28,179,048$16,662,575$97,724,167
88$167,274,987$29,477,511$17,138,460$106,843,051
89$184,252,132$30,837,005$17,627,695$116,855,477
90$202,958,271$32,260,440$18,130,644$127,850,948
91$223,569,678$33,750,865$18,647,684$139,928,021
92$246,280,603$35,311,475$19,179,199$153,195,227
93$271,305,106$36,945,619$19,725,584$167,772,085
94$298,879,082$38,656,809$20,287,246$183,790,216
95$329,262,480$40,448,724$20,864,600$201,394,579
96$362,741,763$42,325,222$21,458,074$220,744,822
97$399,632,610$44,290,345$22,068,107$242,016,777
98$440,282,895$46,348,331$22,695,148$265,404,107
99$485,075,974$48,503,623$23,339,659$291,120,120
100$534,434,301$50,760,878$24,002,115$319,399,767