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%19%
1 years$536,764$531,983$527,318$522,765$518,319$499,531
2 years$265,725$260,776$255,980$251,329$246,819$228,097
3 years$175,390$170,420$165,636$161,029$156,592$138,524
4 years$130,232$125,277$120,540$116,012$111,683$94,407
5 years$103,144$98,218$93,544$89,109$84,899$68,461
6 years$85,091$80,203$75,598$71,261$67,178$51,589
7 years$72,201$67,354$62,822$58,588$54,634$39,890
8 years$62,538$57,735$53,278$49,148$45,324$31,413
9 years$55,027$50,269$45,888$41,863$38,169$25,073
10 years$49,021$44,309$40,007$36,086$32,522$20,217
11 years$44,110$39,446$35,221$31,406$27,970$16,430
12 years$40,021$35,405$31,258$27,547$24,238$13,435
13 years$36,563$31,995$27,927$24,320$21,136$11,041
14 years$33,602$29,083$25,092$21,589$18,528$9,109
15 years$31,039$26,568$22,655$19,253$16,313$7,539
16 years$28,797$24,375$20,540$17,239$14,418$6,256
17 years$26,822$22,449$18,691$15,489$12,784$5,202
18 years$25,068$20,744$17,062$13,959$11,367$4,334
19 years$23,500$19,225$15,620$12,613$10,132$3,615
20 years$22,091$17,865$14,335$11,424$9,050$3,020
21 years$20,818$16,640$13,185$10,368$8,098$2,525
22 years$19,662$15,533$12,152$9,427$7,259$2,113
23 years$18,609$14,528$11,221$8,585$6,516$1,769
24 years$17,644$13,612$10,377$7,830$5,857$1,482
25 years$16,758$12,774$9,611$7,151$5,270$1,242
26 years$15,941$12,005$8,914$6,538$4,747$1,042
27 years$15,187$11,299$8,277$5,985$4,280$874
28 years$14,487$10,647$7,695$5,483$3,862$733
29 years$13,837$10,044$7,161$5,028$3,487$616
30 years$13,231$9,485$6,670$4,615$3,151$517
31 years$12,666$8,967$6,218$4,238$2,849$434
32 years$12,137$8,484$5,802$3,895$2,577$364
33 years$11,641$8,035$5,417$3,582$2,332$306
34 years$11,175$7,615$5,061$3,296$2,111$257
35 years$10,736$7,223$4,732$3,034$1,912$216
36 years$10,324$6,856$4,427$2,794$1,733$181
37 years$9,934$6,511$4,143$2,574$1,570$152
38 years$9,565$6,188$3,880$2,373$1,424$128
39 years$9,217$5,884$3,635$2,188$1,291$108
40 years$8,887$5,598$3,407$2,018$1,171$90
41 years$8,573$5,329$3,195$1,862$1,062$76
42 years$8,275$5,075$2,997$1,718$964$64
43 years$7,992$4,836$2,812$1,586$875$54
44 years$7,723$4,609$2,640$1,465$794$45
45 years$7,466$4,395$2,479$1,353$721$38
46 years$7,221$4,193$2,328$1,249$655$32
47 years$6,988$4,002$2,187$1,154$594$27
48 years$6,764$3,820$2,055$1,067$540$22
49 years$6,551$3,648$1,932$986$490$19
50 years$6,346$3,485$1,816$911$445$16

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 $5,004 every year, while hoping to spend $50,768 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: 62/9/29 Blend
60$6,500,000$6,500,000$6,500,000$6,500,000
61$7,168,162$6,823,662$6,722,912$7,556,355
62$7,845,297$7,104,004$6,894,112$8,101,358
63$8,589,799$7,396,382$7,069,347$8,690,287
64$9,408,486$7,701,332$7,248,697$9,332,326
65$10,308,867$8,019,413$7,432,244$10,032,685
66$11,299,220$8,351,213$7,620,073$10,797,099
67$12,388,663$8,697,345$7,812,268$11,631,881
68$13,587,243$9,058,450$8,008,914$12,543,981
69$14,906,027$9,435,200$8,210,099$13,541,053
70$16,357,214$9,828,297$8,415,909$14,631,522
71$17,954,241$10,238,475$8,626,433$15,824,666
72$19,711,915$10,666,502$8,841,761$17,130,700
73$21,646,552$11,113,182$9,061,981$18,560,876
74$23,776,129$11,579,356$9,287,186$20,127,582
75$26,120,454$12,065,904$9,517,466$21,844,463
76$28,701,353$12,573,747$9,752,915$23,726,546
77$31,542,878$13,103,847$9,993,624$25,790,383
78$34,671,528$13,657,212$10,239,687$28,054,204
79$38,116,506$14,234,898$10,491,199$30,538,088
80$41,909,989$14,838,007$10,748,253$33,264,153
81$46,087,434$15,467,695$11,010,946$36,256,763
82$50,687,911$16,125,171$11,279,371$39,542,753
83$55,754,472$16,811,699$11,553,624$43,151,688
84$61,334,560$17,528,603$11,833,802$47,116,136
85$67,480,449$18,277,270$12,119,999$51,471,973
86$74,249,747$19,059,148$12,412,311$56,258,724
87$81,705,932$19,875,757$12,710,834$61,519,933
88$89,918,953$20,728,685$13,015,663$67,303,570
89$98,965,891$21,619,595$13,326,892$73,662,486
90$108,931,686$22,550,229$13,644,617$80,654,907
91$119,909,936$23,522,409$13,968,930$88,344,986
92$132,003,786$24,538,043$14,299,926$96,803,402
93$145,326,894$25,599,129$14,637,695$106,108,028
94$160,004,509$26,707,758$14,982,330$116,344,664
95$176,174,651$27,866,120$15,333,919$127,607,844
96$193,989,411$29,076,506$15,692,552$140,001,727
97$213,616,393$30,341,317$16,058,314$153,641,079
98$235,240,289$31,663,065$16,431,292$168,652,353
99$259,064,626$33,044,383$16,811,567$185,174,879
100$285,313,684$34,488,024$17,199,221$203,362,181