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%11.3%
1 years$536,764$531,983$527,318$522,765$518,319$515,485
2 years$265,725$260,776$255,980$251,329$246,819$243,959
3 years$175,390$170,420$165,636$161,029$156,592$153,795
4 years$130,232$125,277$120,540$116,012$111,683$108,970
5 years$103,144$98,218$93,544$89,109$84,899$82,279
6 years$85,091$80,203$75,598$71,261$67,178$64,654
7 years$72,201$67,354$62,822$58,588$54,634$52,206
8 years$62,538$57,735$53,278$49,148$45,324$42,994
9 years$55,027$50,269$45,888$41,863$38,169$35,936
10 years$49,021$44,309$40,007$36,086$32,522$30,384
11 years$44,110$39,446$35,221$31,406$27,970$25,926
12 years$40,021$35,405$31,258$27,547$24,238$22,287
13 years$36,563$31,995$27,927$24,320$21,136$19,276
14 years$33,602$29,083$25,092$21,589$18,528$16,756
15 years$31,039$26,568$22,655$19,253$16,313$14,627
16 years$28,797$24,375$20,540$17,239$14,418$12,815
17 years$26,822$22,449$18,691$15,489$12,784$11,263
18 years$25,068$20,744$17,062$13,959$11,367$9,924
19 years$23,500$19,225$15,620$12,613$10,132$8,765
20 years$22,091$17,865$14,335$11,424$9,050$7,757
21 years$20,818$16,640$13,185$10,368$8,098$6,876
22 years$19,662$15,533$12,152$9,427$7,259$6,105
23 years$18,609$14,528$11,221$8,585$6,516$5,427
24 years$17,644$13,612$10,377$7,830$5,857$4,831
25 years$16,758$12,774$9,611$7,151$5,270$4,304
26 years$15,941$12,005$8,914$6,538$4,747$3,838
27 years$15,187$11,299$8,277$5,985$4,280$3,426
28 years$14,487$10,647$7,695$5,483$3,862$3,060
29 years$13,837$10,044$7,161$5,028$3,487$2,734
30 years$13,231$9,485$6,670$4,615$3,151$2,445
31 years$12,666$8,967$6,218$4,238$2,849$2,188
32 years$12,137$8,484$5,802$3,895$2,577$1,958
33 years$11,641$8,035$5,417$3,582$2,332$1,753
34 years$11,175$7,615$5,061$3,296$2,111$1,570
35 years$10,736$7,223$4,732$3,034$1,912$1,407
36 years$10,324$6,856$4,427$2,794$1,733$1,261
37 years$9,934$6,511$4,143$2,574$1,570$1,131
38 years$9,565$6,188$3,880$2,373$1,424$1,014
39 years$9,217$5,884$3,635$2,188$1,291$909
40 years$8,887$5,598$3,407$2,018$1,171$816
41 years$8,573$5,329$3,195$1,862$1,062$732
42 years$8,275$5,075$2,997$1,718$964$657
43 years$7,992$4,836$2,812$1,586$875$589
44 years$7,723$4,609$2,640$1,465$794$529
45 years$7,466$4,395$2,479$1,353$721$475
46 years$7,221$4,193$2,328$1,249$655$426
47 years$6,988$4,002$2,187$1,154$594$383
48 years$6,764$3,820$2,055$1,067$540$344
49 years$6,551$3,648$1,932$986$490$309
50 years$6,346$3,485$1,816$911$445$277

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 $2,361 every year, while hoping to spend $55,846 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: 65/11/24 Blend
56$6,500,000$6,500,000$6,500,000$6,500,000
57$7,165,435$6,820,935$6,720,185$7,586,350
58$7,836,890$7,095,741$6,885,892$8,145,056
59$8,574,961$7,382,141$7,055,278$8,748,948
60$9,386,385$7,680,644$7,228,408$9,407,712
61$10,278,583$7,991,782$7,405,346$10,126,742
62$11,259,731$8,316,112$7,586,157$10,911,975
63$12,338,836$8,654,214$7,770,906$11,769,946
64$13,525,825$9,006,698$7,959,659$12,707,852
65$14,831,633$9,374,200$8,152,481$13,733,615
66$16,268,307$9,757,383$8,349,436$14,855,958
67$17,849,122$10,156,943$8,550,591$16,084,488
68$19,588,707$10,573,608$8,756,010$17,429,781
69$21,503,177$11,008,137$8,965,759$18,903,485
70$23,610,291$11,461,325$9,179,901$20,518,430
71$25,929,614$11,934,003$9,398,501$22,288,741
72$28,482,707$12,427,042$9,621,623$24,229,980
73$31,293,326$12,941,350$9,849,331$26,359,284
74$34,387,648$13,477,878$10,081,686$28,695,527
75$37,794,516$14,037,623$10,318,751$31,259,503
76$41,545,714$14,621,623$10,560,586$34,074,111
77$45,676,263$15,230,969$10,807,252$37,164,580
78$50,224,754$15,866,799$11,058,806$40,558,697
79$55,233,710$16,530,303$11,315,308$44,287,074
80$60,749,991$17,222,730$11,576,812$48,383,434
81$66,825,228$17,945,382$11,843,374$52,884,927
82$73,516,320$18,699,624$12,115,046$57,832,479
83$80,885,963$19,486,885$12,391,879$63,271,176
84$89,003,246$20,308,657$12,673,921$69,250,692
85$97,944,300$21,166,503$12,961,220$75,825,751
86$107,793,017$22,062,060$13,253,819$83,056,646
87$118,641,842$22,997,039$13,551,760$91,009,804
88$130,592,646$23,973,230$13,855,080$99,758,410
89$143,757,687$24,992,509$14,163,816$109,383,101
90$158,260,667$26,056,838$14,477,999$119,972,718
91$174,237,900$27,168,268$14,797,658$131,625,149
92$191,839,603$28,328,951$15,122,817$144,448,248
93$211,231,307$29,541,134$15,453,496$158,560,849
94$232,595,423$30,807,172$15,789,710$174,093,890
95$256,132,962$32,129,529$16,131,472$191,191,642
96$282,065,434$33,510,785$16,478,785$210,013,073
97$310,636,935$34,953,641$16,831,651$230,733,340
98$342,116,455$36,460,922$17,190,065$253,545,447
99$376,800,415$38,035,589$17,554,013$278,662,058
100$415,015,463$39,680,739$17,923,479$306,317,505