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%12.1%
1 years$495,474$491,061$486,755$482,552$478,448$474,242
2 years$245,284$240,716$236,289$231,996$227,833$223,593
3 years$161,899$157,311$152,895$148,642$144,546$140,406
4 years$120,214$115,640$111,268$107,088$103,092$99,082
5 years$95,210$90,663$86,349$82,254$78,369$74,502
6 years$78,545$74,033$69,782$65,779$62,010$58,291
7 years$66,647$62,173$57,990$54,081$50,431$46,861
8 years$57,728$53,294$49,180$45,367$41,837$38,417
9 years$50,794$46,402$42,359$38,643$35,233$31,961
10 years$45,250$40,901$36,929$33,310$30,020$26,894
11 years$40,717$36,412$32,512$28,990$25,819$22,836
12 years$36,942$32,681$28,853$25,428$22,374$19,532
13 years$33,751$29,534$25,779$22,449$19,510$16,806
14 years$31,018$26,846$23,162$19,928$17,103$14,533
15 years$28,651$24,524$20,912$17,772$15,059$12,619
16 years$26,582$22,500$18,960$15,913$13,309$10,996
17 years$24,759$20,722$17,253$14,298$11,801$9,610
18 years$23,140$19,148$15,750$12,885$10,492$8,421
19 years$21,693$17,746$14,418$11,643$9,352$7,395
20 years$20,392$16,491$13,232$10,545$8,354$6,506
21 years$19,217$15,360$12,171$9,570$7,475$5,734
22 years$18,150$14,338$11,218$8,701$6,701$5,060
23 years$17,177$13,410$10,357$7,925$6,015$4,471
24 years$16,287$12,565$9,579$7,228$5,406$3,955
25 years$15,469$11,791$8,872$6,601$4,865$3,502
26 years$14,715$11,082$8,228$6,035$4,382$3,104
27 years$14,018$10,429$7,641$5,524$3,951$2,753
28 years$13,373$9,828$7,103$5,061$3,565$2,443
29 years$12,773$9,271$6,610$4,641$3,219$2,169
30 years$12,213$8,756$6,157$4,260$2,909$1,927
31 years$11,691$8,277$5,740$3,912$2,630$1,713
32 years$11,203$7,832$5,355$3,595$2,379$1,523
33 years$10,745$7,417$5,000$3,306$2,153$1,355
34 years$10,315$7,029$4,672$3,042$1,949$1,206
35 years$9,911$6,667$4,368$2,800$1,765$1,073
36 years$9,529$6,328$4,086$2,579$1,599$955
37 years$9,170$6,010$3,825$2,376$1,450$851
38 years$8,830$5,712$3,582$2,190$1,314$758
39 years$8,508$5,432$3,356$2,020$1,192$675
40 years$8,203$5,168$3,145$1,863$1,081$601
41 years$7,914$4,919$2,949$1,719$981$536
42 years$7,639$4,685$2,766$1,586$890$477
43 years$7,378$4,464$2,596$1,464$808$426
44 years$7,129$4,255$2,437$1,352$733$379
45 years$6,892$4,057$2,288$1,248$666$338
46 years$6,666$3,871$2,149$1,153$604$301
47 years$6,450$3,694$2,019$1,065$549$269
48 years$6,244$3,526$1,897$985$498$240
49 years$6,047$3,367$1,783$910$453$214
50 years$5,858$3,217$1,677$841$411$191

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 $5,558 every year, while hoping to spend $49,205 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: 80/14/6 Blend
64$6,000,000$6,000,000$6,000,000$6,000,000
65$6,617,733$6,299,733$6,206,733$7,143,733
66$7,240,388$6,556,066$6,362,305$7,745,213
67$7,924,905$6,823,311$6,521,439$8,397,948
68$8,677,541$7,101,949$6,684,203$9,112,639
69$9,505,192$7,392,486$6,850,666$9,895,446
70$10,415,453$7,695,449$7,020,894$10,753,144
71$11,416,693$8,011,390$7,194,959$11,693,200
72$12,518,135$8,340,887$7,372,929$12,723,831
73$13,729,937$8,684,543$7,554,874$13,854,087
74$15,063,293$9,042,989$7,740,865$15,093,934
75$16,530,539$9,416,885$7,930,974$16,454,348
76$18,145,264$9,806,922$8,125,271$17,947,416
77$19,922,441$10,213,822$8,323,829$19,586,449
78$21,878,571$10,638,340$8,526,718$21,386,109
79$24,031,834$11,081,267$8,734,012$23,362,544
80$26,402,261$11,543,430$8,945,781$25,533,541
81$29,011,927$12,025,692$9,162,099$27,918,692
82$31,885,152$12,528,960$9,383,038$30,539,575
83$35,048,737$13,054,178$9,608,670$33,419,962
84$38,532,214$13,602,339$9,839,066$36,586,037
85$42,368,123$14,174,477$10,074,298$40,066,647
86$46,592,323$14,771,677$10,314,438$43,893,566
87$51,244,324$15,395,074$10,559,556$48,101,799
88$56,367,666$16,045,854$10,809,723$52,729,910
89$62,010,327$16,725,259$11,065,007$57,820,383
90$68,225,173$17,434,590$11,325,477$63,420,020
91$75,070,462$18,175,206$11,591,202$69,580,385
92$82,610,390$18,948,532$11,862,248$76,358,288
93$90,915,696$19,756,057$12,138,681$83,816,315
94$100,064,334$20,599,340$12,420,563$92,023,423
95$110,142,203$21,480,015$12,707,959$101,055,585
96$121,243,961$22,399,789$13,000,929$110,996,506
97$133,473,917$23,360,450$13,299,531$121,938,412
98$146,947,014$24,363,870$13,603,824$133,982,917
99$161,789,919$25,412,009$13,913,861$147,241,979
100$178,142,211$26,506,917$14,229,695$161,838,958