Can I retire at age 57 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%16.1%
1 years$536,764$531,983$527,318$522,765$518,319$505,379
2 years$265,725$260,776$255,980$251,329$246,819$233,863
3 years$175,390$170,420$165,636$161,029$156,592$144,027
4 years$130,232$125,277$120,540$116,012$111,683$99,604
5 years$103,144$98,218$93,544$89,109$84,899$73,342
6 years$85,091$80,203$75,598$71,261$67,178$56,152
7 years$72,201$67,354$62,822$58,588$54,634$44,141
8 years$62,538$57,735$53,278$49,148$45,324$35,360
9 years$55,027$50,269$45,888$41,863$38,169$28,725
10 years$49,021$44,309$40,007$36,086$32,522$23,587
11 years$44,110$39,446$35,221$31,406$27,970$19,531
12 years$40,021$35,405$31,258$27,547$24,238$16,281
13 years$36,563$31,995$27,927$24,320$21,136$13,644
14 years$33,602$29,083$25,092$21,589$18,528$11,485
15 years$31,039$26,568$22,655$19,253$16,313$9,703
16 years$28,797$24,375$20,540$17,239$14,418$8,221
17 years$26,822$22,449$18,691$15,489$12,784$6,983
18 years$25,068$20,744$17,062$13,959$11,367$5,944
19 years$23,500$19,225$15,620$12,613$10,132$5,068
20 years$22,091$17,865$14,335$11,424$9,050$4,328
21 years$20,818$16,640$13,185$10,368$8,098$3,701
22 years$19,662$15,533$12,152$9,427$7,259$3,168
23 years$18,609$14,528$11,221$8,585$6,516$2,714
24 years$17,644$13,612$10,377$7,830$5,857$2,327
25 years$16,758$12,774$9,611$7,151$5,270$1,996
26 years$15,941$12,005$8,914$6,538$4,747$1,713
27 years$15,187$11,299$8,277$5,985$4,280$1,471
28 years$14,487$10,647$7,695$5,483$3,862$1,264
29 years$13,837$10,044$7,161$5,028$3,487$1,087
30 years$13,231$9,485$6,670$4,615$3,151$934
31 years$12,666$8,967$6,218$4,238$2,849$803
32 years$12,137$8,484$5,802$3,895$2,577$691
33 years$11,641$8,035$5,417$3,582$2,332$594
34 years$11,175$7,615$5,061$3,296$2,111$512
35 years$10,736$7,223$4,732$3,034$1,912$440
36 years$10,324$6,856$4,427$2,794$1,733$379
37 years$9,934$6,511$4,143$2,574$1,570$326
38 years$9,565$6,188$3,880$2,373$1,424$281
39 years$9,217$5,884$3,635$2,188$1,291$242
40 years$8,887$5,598$3,407$2,018$1,171$208
41 years$8,573$5,329$3,195$1,862$1,062$179
42 years$8,275$5,075$2,997$1,718$964$154
43 years$7,992$4,836$2,812$1,586$875$133
44 years$7,723$4,609$2,640$1,465$794$114
45 years$7,466$4,395$2,479$1,353$721$99
46 years$7,221$4,193$2,328$1,249$655$85
47 years$6,988$4,002$2,187$1,154$594$73
48 years$6,764$3,820$2,055$1,067$540$63
49 years$6,551$3,648$1,932$986$490$54
50 years$6,346$3,485$1,816$911$445$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,500,000, adding $3,569 every year, while hoping to spend $34,807 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: 42/28/30 Blend
56$6,500,000$6,500,000$6,500,000$6,500,000
57$7,166,681$6,822,181$6,721,431$7,404,573
58$7,860,649$7,119,434$6,909,565$7,874,120
59$8,624,234$7,430,085$7,102,834$8,378,783
60$9,464,501$7,754,755$7,301,375$8,924,693
61$10,389,235$8,094,093$7,505,326$9,515,684
62$11,407,011$8,448,777$7,714,828$10,155,971
63$12,527,280$8,819,521$7,930,028$10,850,182
64$13,760,453$9,207,069$8,151,076$11,603,401
65$15,118,006$9,612,201$8,378,123$12,421,215
66$16,612,579$10,035,735$8,611,326$13,309,765
67$18,258,103$10,478,528$8,850,847$14,275,800
68$20,069,929$10,941,475$9,096,850$15,326,738
69$22,064,970$11,425,516$9,349,503$16,470,737
70$24,261,865$11,931,634$9,608,979$17,716,764
71$26,681,150$12,460,859$9,875,455$19,074,684
72$29,345,457$13,014,270$10,149,112$20,555,343
73$32,279,722$13,592,998$10,430,135$22,170,673
74$35,511,424$14,198,225$10,718,716$23,933,800
75$39,070,844$14,831,193$11,015,047$25,859,162
76$42,991,348$15,493,200$11,319,329$27,962,647
77$47,309,705$16,185,606$11,631,766$30,261,736
78$52,066,431$16,909,837$11,952,567$32,775,665
79$57,306,175$17,667,386$12,281,945$35,525,603
80$63,078,134$18,459,818$12,620,120$38,534,850
81$69,436,525$19,288,770$12,967,315$41,829,049
82$76,441,092$20,155,961$13,323,761$45,436,429
83$84,157,668$21,063,188$13,689,693$49,388,061
84$92,658,803$22,012,337$14,065,350$53,718,151
85$102,024,440$23,005,380$14,450,978$58,464,357
86$112,342,677$24,044,388$14,846,830$63,668,141
87$123,710,594$25,131,527$15,253,163$69,375,151
88$136,235,171$26,269,069$15,670,240$75,635,650
89$150,034,297$27,459,392$16,098,332$82,504,986
90$165,237,883$28,704,989$16,537,713$90,044,104
91$181,989,087$30,008,474$16,988,667$98,320,119
92$200,445,668$31,372,583$17,451,481$107,406,940
93$220,781,471$32,800,184$17,926,450$117,385,966
94$243,188,072$34,294,284$18,413,877$128,346,841
95$267,876,583$35,858,032$18,914,070$140,388,298
96$295,079,647$37,494,728$19,427,345$153,619,080
97$325,053,633$39,207,832$19,954,023$168,158,962
98$358,081,055$41,000,967$20,494,434$184,139,868
99$394,473,241$42,877,933$21,048,915$201,707,115
100$434,573,269$44,842,709$21,617,811$221,020,770