Can I retire at age 65 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$495,474$491,061$486,755$482,552$478,448$475,035
2 years$245,284$240,716$236,289$231,996$227,833$224,391
3 years$161,899$157,311$152,895$148,642$144,546$141,182
4 years$120,214$115,640$111,268$107,088$103,092$99,832
5 years$95,210$90,663$86,349$82,254$78,369$75,222
6 years$78,545$74,033$69,782$65,779$62,010$58,982
7 years$66,647$62,173$57,990$54,081$50,431$47,521
8 years$57,728$53,294$49,180$45,367$41,837$39,047
9 years$50,794$46,402$42,359$38,643$35,233$32,561
10 years$45,250$40,901$36,929$33,310$30,020$27,465
11 years$40,717$36,412$32,512$28,990$25,819$23,378
12 years$36,942$32,681$28,853$25,428$22,374$20,046
13 years$33,751$29,534$25,779$22,449$19,510$17,293
14 years$31,018$26,846$23,162$19,928$17,103$14,993
15 years$28,651$24,524$20,912$17,772$15,059$13,054
16 years$26,582$22,500$18,960$15,913$13,309$11,406
17 years$24,759$20,722$17,253$14,298$11,801$9,996
18 years$23,140$19,148$15,750$12,885$10,492$8,784
19 years$21,693$17,746$14,418$11,643$9,352$7,736
20 years$20,392$16,491$13,232$10,545$8,354$6,826
21 years$19,217$15,360$12,171$9,570$7,475$6,033
22 years$18,150$14,338$11,218$8,701$6,701$5,341
23 years$17,177$13,410$10,357$7,925$6,015$4,734
24 years$16,287$12,565$9,579$7,228$5,406$4,200
25 years$15,469$11,791$8,872$6,601$4,865$3,731
26 years$14,715$11,082$8,228$6,035$4,382$3,317
27 years$14,018$10,429$7,641$5,524$3,951$2,951
28 years$13,373$9,828$7,103$5,061$3,565$2,627
29 years$12,773$9,271$6,610$4,641$3,219$2,340
30 years$12,213$8,756$6,157$4,260$2,909$2,086
31 years$11,691$8,277$5,740$3,912$2,630$1,860
32 years$11,203$7,832$5,355$3,595$2,379$1,660
33 years$10,745$7,417$5,000$3,306$2,153$1,481
34 years$10,315$7,029$4,672$3,042$1,949$1,322
35 years$9,911$6,667$4,368$2,800$1,765$1,181
36 years$9,529$6,328$4,086$2,579$1,599$1,055
37 years$9,170$6,010$3,825$2,376$1,450$942
38 years$8,830$5,712$3,582$2,190$1,314$842
39 years$8,508$5,432$3,356$2,020$1,192$753
40 years$8,203$5,168$3,145$1,863$1,081$673
41 years$7,914$4,919$2,949$1,719$981$602
42 years$7,639$4,685$2,766$1,586$890$538
43 years$7,378$4,464$2,596$1,464$808$481
44 years$7,129$4,255$2,437$1,352$733$430
45 years$6,892$4,057$2,288$1,248$666$385
46 years$6,666$3,871$2,149$1,153$604$344
47 years$6,450$3,694$2,019$1,065$549$308
48 years$6,244$3,526$1,897$985$498$276
49 years$6,047$3,367$1,783$910$453$247
50 years$5,858$3,217$1,677$841$411$221

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,000,000, adding $6,328 every year, while hoping to spend $55,611 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: 67/26/7 Blend
64$6,000,000$6,000,000$6,000,000$6,000,000
65$6,618,527$6,300,527$6,207,527$7,053,668
66$7,234,447$6,550,083$6,356,310$7,592,735
67$7,911,328$6,810,004$6,508,213$8,174,538
68$8,655,327$7,080,738$6,663,282$8,809,082
69$9,473,231$7,362,755$6,821,562$9,501,507
70$10,372,516$7,656,545$6,983,100$10,257,470
71$11,361,418$7,962,621$7,147,939$11,083,196
72$12,449,011$8,281,519$7,316,124$11,985,535
73$13,645,294$8,613,797$7,487,698$12,972,024
74$14,961,282$8,960,041$7,662,703$14,050,959
75$16,409,112$9,320,862$7,841,183$15,231,471
76$18,002,156$9,696,899$8,023,178$16,523,612
77$19,755,150$10,088,821$8,208,728$17,938,446
78$21,684,327$10,497,325$8,397,873$19,488,153
79$23,807,576$10,923,142$8,590,649$21,186,142
80$26,144,608$11,367,034$8,787,094$23,047,177
81$28,717,139$11,829,800$8,987,243$25,087,514
82$31,549,100$12,312,274$9,191,129$27,325,052
83$34,666,860$12,815,327$9,398,784$29,779,500
84$38,099,474$13,339,872$9,610,237$32,472,562
85$41,878,957$13,886,863$9,825,517$35,428,138
86$46,040,588$14,457,296$10,044,649$38,672,549
87$50,623,239$15,052,215$10,267,656$42,234,785
88$55,669,746$15,672,709$10,494,558$46,146,770
89$61,227,309$16,319,921$10,725,375$50,443,667
90$67,347,939$16,995,042$10,960,120$55,164,206
91$74,088,951$17,699,321$11,198,806$60,351,044
92$81,513,498$18,434,062$11,441,440$66,051,169
93$89,691,175$19,200,631$11,688,029$72,316,337
94$98,698,669$20,000,456$11,938,571$79,203,559
95$108,620,485$20,835,031$12,193,066$86,775,637
96$119,549,746$21,705,918$12,451,504$95,101,751
97$131,589,064$22,614,753$12,713,874$104,258,113
98$144,851,519$23,563,246$12,980,159$114,328,677
99$159,461,715$24,553,186$13,250,336$125,405,931
100$175,556,965$25,586,447$13,524,377$137,591,768