Can I retire at age 61 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%15.4%
1 years$536,764$531,983$527,318$522,765$518,319$506,819
2 years$265,725$260,776$255,980$251,329$246,819$235,292
3 years$175,390$170,420$165,636$161,029$156,592$145,399
4 years$130,232$125,277$120,540$116,012$111,683$100,909
5 years$103,144$98,218$93,544$89,109$84,899$74,576
6 years$85,091$80,203$75,598$71,261$67,178$57,316
7 years$72,201$67,354$62,822$58,588$54,634$45,234
8 years$62,538$57,735$53,278$49,148$45,324$36,384
9 years$55,027$50,269$45,888$41,863$38,169$29,682
10 years$49,021$44,309$40,007$36,086$32,522$24,479
11 years$44,110$39,446$35,221$31,406$27,970$20,360
12 years$40,021$35,405$31,258$27,547$24,238$17,049
13 years$36,563$31,995$27,927$24,320$21,136$14,356
14 years$33,602$29,083$25,092$21,589$18,528$12,142
15 years$31,039$26,568$22,655$19,253$16,313$10,308
16 years$28,797$24,375$20,540$17,239$14,418$8,777
17 years$26,822$22,449$18,691$15,489$12,784$7,494
18 years$25,068$20,744$17,062$13,959$11,367$6,411
19 years$23,500$19,225$15,620$12,613$10,132$5,496
20 years$22,091$17,865$14,335$11,424$9,050$4,718
21 years$20,818$16,640$13,185$10,368$8,098$4,056
22 years$19,662$15,533$12,152$9,427$7,259$3,490
23 years$18,609$14,528$11,221$8,585$6,516$3,006
24 years$17,644$13,612$10,377$7,830$5,857$2,592
25 years$16,758$12,774$9,611$7,151$5,270$2,236
26 years$15,941$12,005$8,914$6,538$4,747$1,930
27 years$15,187$11,299$8,277$5,985$4,280$1,667
28 years$14,487$10,647$7,695$5,483$3,862$1,441
29 years$13,837$10,044$7,161$5,028$3,487$1,245
30 years$13,231$9,485$6,670$4,615$3,151$1,077
31 years$12,666$8,967$6,218$4,238$2,849$931
32 years$12,137$8,484$5,802$3,895$2,577$806
33 years$11,641$8,035$5,417$3,582$2,332$697
34 years$11,175$7,615$5,061$3,296$2,111$604
35 years$10,736$7,223$4,732$3,034$1,912$522
36 years$10,324$6,856$4,427$2,794$1,733$452
37 years$9,934$6,511$4,143$2,574$1,570$392
38 years$9,565$6,188$3,880$2,373$1,424$339
39 years$9,217$5,884$3,635$2,188$1,291$294
40 years$8,887$5,598$3,407$2,018$1,171$254
41 years$8,573$5,329$3,195$1,862$1,062$220
42 years$8,275$5,075$2,997$1,718$964$191
43 years$7,992$4,836$2,812$1,586$875$165
44 years$7,723$4,609$2,640$1,465$794$143
45 years$7,466$4,395$2,479$1,353$721$124
46 years$7,221$4,193$2,328$1,249$655$108
47 years$6,988$4,002$2,187$1,154$594$93
48 years$6,764$3,820$2,055$1,067$540$81
49 years$6,551$3,648$1,932$986$490$70
50 years$6,346$3,485$1,816$911$445$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $6,500,000, adding $6,817 every year, while hoping to spend $27,777 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: 88/6/6 Blend
60$6,500,000$6,500,000$6,500,000$6,500,000
61$7,170,032$6,825,532$6,724,782$7,799,147
62$7,871,820$7,130,428$6,920,507$8,514,506
63$8,644,261$7,449,334$7,121,859$9,296,233
64$9,494,529$7,782,905$7,328,995$10,154,720
65$10,430,535$8,131,831$7,542,080$11,097,690
66$11,460,992$8,496,833$7,761,282$12,133,648
67$12,595,501$8,878,666$7,986,773$13,271,965
68$13,844,643$9,278,121$8,218,731$14,522,961
69$15,220,076$9,696,029$8,457,338$15,898,006
70$16,734,646$10,133,257$8,702,781$17,409,625
71$18,402,510$10,590,716$8,955,254$19,071,614
72$20,239,265$11,069,361$9,214,954$20,899,172
73$22,262,100$11,570,189$9,482,085$22,909,043
74$24,489,954$12,094,248$9,756,855$25,119,673
75$26,943,698$12,642,635$10,039,479$27,551,386
76$29,646,332$13,216,501$10,330,177$30,226,569
77$32,623,196$13,817,048$10,629,177$33,169,888
78$35,902,219$14,445,540$10,936,711$36,408,521
79$39,514,173$15,103,299$11,253,018$39,972,408
80$43,492,968$15,791,710$11,578,344$43,894,536
81$47,875,974$16,512,227$11,912,942$48,211,252
82$52,704,368$17,266,371$12,257,070$52,962,599
83$58,023,528$18,055,737$12,610,996$58,192,701
84$63,883,455$18,881,996$12,974,992$63,950,170
85$70,339,254$19,746,900$13,349,341$70,288,570
86$77,451,645$20,652,285$13,734,330$77,266,920
87$85,287,539$21,600,073$14,130,257$84,950,247
88$93,920,673$22,592,282$14,537,426$93,410,205
89$103,432,302$23,631,024$14,956,149$102,725,743
90$113,911,966$24,718,514$15,386,750$112,983,854
91$125,458,337$25,857,071$15,829,556$124,280,392
92$138,180,150$27,049,130$16,284,909$136,720,979
93$152,197,227$28,297,239$16,753,155$150,421,995
94$167,641,611$29,604,071$17,234,652$165,511,681
95$184,658,810$30,972,425$17,729,768$182,131,344
96$203,409,173$32,405,239$18,238,880$200,436,693
97$224,069,401$33,905,588$18,762,375$220,599,303
98$246,834,216$35,476,697$19,300,650$242,808,234
99$271,918,198$37,121,948$19,854,114$267,271,819
100$299,557,814$38,844,882$20,423,186$294,219,620