Can I retire at age 60 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%18.1%
1 years$536,764$531,983$527,318$522,765$518,319$501,326
2 years$265,725$260,776$255,980$251,329$246,819$229,861
3 years$175,390$170,420$165,636$161,029$156,592$140,201
4 years$130,232$125,277$120,540$116,012$111,683$95,985
5 years$103,144$98,218$93,544$89,109$84,899$69,936
6 years$85,091$80,203$75,598$71,261$67,178$52,962
7 years$72,201$67,354$62,822$58,588$54,634$41,163
8 years$62,538$57,735$53,278$49,148$45,324$32,589
9 years$55,027$50,269$45,888$41,863$38,169$26,154
10 years$49,021$44,309$40,007$36,086$32,522$21,209
11 years$44,110$39,446$35,221$31,406$27,970$17,338
12 years$40,021$35,405$31,258$27,547$24,238$14,263
13 years$36,563$31,995$27,927$24,320$21,136$11,793
14 years$33,602$29,083$25,092$21,589$18,528$9,790
15 years$31,039$26,568$22,655$19,253$16,313$8,155
16 years$28,797$24,375$20,540$17,239$14,418$6,811
17 years$26,822$22,449$18,691$15,489$12,784$5,702
18 years$25,068$20,744$17,062$13,959$11,367$4,782
19 years$23,500$19,225$15,620$12,613$10,132$4,017
20 years$22,091$17,865$14,335$11,424$9,050$3,378
21 years$20,818$16,640$13,185$10,368$8,098$2,844
22 years$19,662$15,533$12,152$9,427$7,259$2,397
23 years$18,609$14,528$11,221$8,585$6,516$2,021
24 years$17,644$13,612$10,377$7,830$5,857$1,706
25 years$16,758$12,774$9,611$7,151$5,270$1,440
26 years$15,941$12,005$8,914$6,538$4,747$1,216
27 years$15,187$11,299$8,277$5,985$4,280$1,028
28 years$14,487$10,647$7,695$5,483$3,862$869
29 years$13,837$10,044$7,161$5,028$3,487$735
30 years$13,231$9,485$6,670$4,615$3,151$621
31 years$12,666$8,967$6,218$4,238$2,849$525
32 years$12,137$8,484$5,802$3,895$2,577$445
33 years$11,641$8,035$5,417$3,582$2,332$376
34 years$11,175$7,615$5,061$3,296$2,111$318
35 years$10,736$7,223$4,732$3,034$1,912$269
36 years$10,324$6,856$4,427$2,794$1,733$228
37 years$9,934$6,511$4,143$2,574$1,570$193
38 years$9,565$6,188$3,880$2,373$1,424$163
39 years$9,217$5,884$3,635$2,188$1,291$138
40 years$8,887$5,598$3,407$2,018$1,171$117
41 years$8,573$5,329$3,195$1,862$1,062$99
42 years$8,275$5,075$2,997$1,718$964$84
43 years$7,992$4,836$2,812$1,586$875$71
44 years$7,723$4,609$2,640$1,465$794$60
45 years$7,466$4,395$2,479$1,353$721$51
46 years$7,221$4,193$2,328$1,249$655$43
47 years$6,988$4,002$2,187$1,154$594$36
48 years$6,764$3,820$2,055$1,067$540$31
49 years$6,551$3,648$1,932$986$490$26
50 years$6,346$3,485$1,816$911$445$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,500,000, adding $3,645 every year, while hoping to spend $34,312 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: 61/23/16 Blend
59$6,500,000$6,500,000$6,500,000$6,500,000
60$7,166,760$6,822,260$6,721,510$7,574,818
61$7,861,262$7,120,043$6,910,173$8,147,895
62$8,625,453$7,431,267$7,104,006$8,768,831
63$9,466,405$7,756,555$7,303,146$9,445,642
64$10,391,911$8,096,559$7,507,734$10,183,745
65$11,410,556$8,451,961$7,717,913$10,989,102
66$12,531,801$8,823,476$7,933,832$11,868,267
67$13,766,070$9,211,851$8,155,641$12,828,455
68$15,124,850$9,617,873$8,383,495$13,877,602
69$16,620,796$10,042,360$8,617,554$15,024,440
70$18,267,855$10,486,173$8,857,980$16,278,578
71$20,081,394$10,950,213$9,104,940$17,650,591
72$22,078,346$11,435,423$9,358,605$19,152,118
73$24,277,369$11,942,791$9,619,150$20,795,969
74$26,699,023$12,473,351$9,886,754$22,596,245
75$29,365,966$13,028,187$10,161,603$24,568,467
76$32,303,162$13,608,435$10,443,884$26,729,723
77$35,538,120$14,215,284$10,733,789$29,098,824
78$39,101,155$14,849,980$11,031,518$31,696,482
79$43,025,671$15,513,828$11,337,273$34,545,500
80$47,348,479$16,208,194$11,651,260$37,670,987
81$52,110,139$16,934,511$11,973,693$41,100,590
82$57,355,351$17,694,280$12,304,789$44,864,754
83$63,133,368$18,489,071$12,644,771$48,997,005
84$69,498,468$19,320,532$12,993,867$53,534,266
85$76,510,462$20,190,388$13,352,312$58,517,195
86$84,235,257$21,100,445$13,720,343$63,990,576
87$92,745,486$22,052,599$14,098,206$70,003,728
88$102,121,181$23,048,832$14,486,152$76,610,973
89$112,450,541$24,091,224$14,884,438$83,872,143
90$123,830,755$25,181,953$15,293,325$91,853,140
91$136,368,924$26,323,301$15,713,083$100,626,555
92$150,183,070$27,517,659$16,143,987$110,272,347
93$165,403,251$28,767,532$16,586,319$120,878,596
94$182,172,789$30,075,547$17,040,367$132,542,325
95$200,649,618$31,444,454$17,506,424$145,370,415
96$221,007,784$32,877,137$17,984,794$159,480,608
97$243,439,078$34,376,616$18,475,784$175,002,610
98$268,154,851$35,946,057$18,979,710$192,079,313
99$295,388,010$37,588,779$19,496,895$210,868,133
100$325,395,214$39,308,256$20,027,668$231,542,498