Can I retire at age 61 with 6,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$536,764$531,983$527,318$522,765$518,319$509,313
2 years$265,725$260,776$255,980$251,329$246,819$237,775
3 years$175,390$170,420$165,636$161,029$156,592$147,791
4 years$130,232$125,277$120,540$116,012$111,683$103,193
5 years$103,144$98,218$93,544$89,109$84,899$76,746
6 years$85,091$80,203$75,598$71,261$67,178$59,369
7 years$72,201$67,354$62,822$58,588$54,634$47,172
8 years$62,538$57,735$53,278$49,148$45,324$38,208
9 years$55,027$50,269$45,888$41,863$38,169$31,395
10 years$49,021$44,309$40,007$36,086$32,522$26,083
11 years$44,110$39,446$35,221$31,406$27,970$21,860
12 years$40,021$35,405$31,258$27,547$24,238$18,448
13 years$36,563$31,995$27,927$24,320$21,136$15,658
14 years$33,602$29,083$25,092$21,589$18,528$13,351
15 years$31,039$26,568$22,655$19,253$16,313$11,429
16 years$28,797$24,375$20,540$17,239$14,418$9,815
17 years$26,822$22,449$18,691$15,489$12,784$8,452
18 years$25,068$20,744$17,062$13,959$11,367$7,295
19 years$23,500$19,225$15,620$12,613$10,132$6,309
20 years$22,091$17,865$14,335$11,424$9,050$5,465
21 years$20,818$16,640$13,185$10,368$8,098$4,741
22 years$19,662$15,533$12,152$9,427$7,259$4,118
23 years$18,609$14,528$11,221$8,585$6,516$3,580
24 years$17,644$13,612$10,377$7,830$5,857$3,116
25 years$16,758$12,774$9,611$7,151$5,270$2,714
26 years$15,941$12,005$8,914$6,538$4,747$2,366
27 years$15,187$11,299$8,277$5,985$4,280$2,063
28 years$14,487$10,647$7,695$5,483$3,862$1,800
29 years$13,837$10,044$7,161$5,028$3,487$1,571
30 years$13,231$9,485$6,670$4,615$3,151$1,372
31 years$12,666$8,967$6,218$4,238$2,849$1,199
32 years$12,137$8,484$5,802$3,895$2,577$1,048
33 years$11,641$8,035$5,417$3,582$2,332$916
34 years$11,175$7,615$5,061$3,296$2,111$801
35 years$10,736$7,223$4,732$3,034$1,912$700
36 years$10,324$6,856$4,427$2,794$1,733$612
37 years$9,934$6,511$4,143$2,574$1,570$536
38 years$9,565$6,188$3,880$2,373$1,424$469
39 years$9,217$5,884$3,635$2,188$1,291$410
40 years$8,887$5,598$3,407$2,018$1,171$359
41 years$8,573$5,329$3,195$1,862$1,062$314
42 years$8,275$5,075$2,997$1,718$964$275
43 years$7,992$4,836$2,812$1,586$875$240
44 years$7,723$4,609$2,640$1,465$794$210
45 years$7,466$4,395$2,479$1,353$721$184
46 years$7,221$4,193$2,328$1,249$655$161
47 years$6,988$4,002$2,187$1,154$594$141
48 years$6,764$3,820$2,055$1,067$540$124
49 years$6,551$3,648$1,932$986$490$108
50 years$6,346$3,485$1,816$911$445$95

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 $2,859 every year, while hoping to spend $39,060 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: 47/31/22 Blend
60$6,500,000$6,500,000$6,500,000$6,500,000
61$7,165,949$6,821,449$6,720,699$7,457,676
62$7,855,316$7,114,141$6,904,283$7,954,787
63$8,613,690$7,419,865$7,092,708$8,489,932
64$9,448,067$7,739,219$7,286,094$9,070,005
65$10,366,158$8,072,829$7,484,567$9,699,233
66$11,376,458$8,421,349$7,688,251$10,382,255
67$12,488,326$8,785,464$7,897,277$11,124,174
68$13,712,075$9,165,892$8,111,776$11,930,593
69$15,059,071$9,563,385$8,331,884$12,807,673
70$16,541,833$9,978,728$8,557,739$13,762,188
71$18,174,159$10,412,745$8,789,483$14,801,583
72$19,971,252$10,866,298$9,027,259$15,934,045
73$21,949,864$11,340,290$9,271,216$17,168,579
74$24,128,452$11,835,667$9,521,504$18,515,086
75$26,527,357$12,353,417$9,778,277$19,984,459
76$29,168,991$12,894,578$10,041,693$21,588,678
77$32,078,051$13,460,235$10,311,913$23,340,925
78$35,281,750$14,051,525$10,589,100$25,255,701
79$38,810,076$14,669,637$10,873,422$27,348,964
80$42,696,074$15,315,820$11,165,052$29,638,274
81$46,976,155$15,991,377$11,464,163$32,142,954
82$51,690,445$16,697,676$11,770,935$34,884,272
83$56,883,159$17,436,150$12,085,549$37,885,636
84$62,603,018$18,208,298$12,408,192$41,172,811
85$68,903,712$19,015,692$12,739,053$44,774,159
86$75,844,406$19,859,976$13,078,327$48,720,904
87$83,490,295$20,742,874$13,426,210$53,047,418
88$91,913,222$21,666,192$13,782,905$57,791,545
89$101,192,356$22,631,820$14,148,617$62,994,951
90$111,414,936$23,641,740$14,523,556$68,703,513
91$122,677,100$24,698,026$14,907,936$74,967,748
92$135,084,787$25,802,852$15,301,974$81,843,283
93$148,754,739$26,958,495$15,705,893$89,391,374
94$163,815,601$28,167,340$16,119,920$97,679,481
95$180,409,140$29,431,887$16,544,285$106,781,893
96$198,691,577$30,754,754$16,979,223$116,780,430
97$218,835,064$32,138,683$17,424,973$127,765,203
98$241,029,311$33,586,549$17,881,780$139,835,460
99$265,483,373$35,101,362$18,349,892$153,100,515
100$292,427,624$36,686,277$18,829,561$167,680,773