Can I retire at age 65 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$503,732$499,245$494,868$490,595$486,423$470,663
2 years$249,372$244,728$240,227$235,863$231,630$215,901
3 years$164,597$159,933$155,443$151,120$146,955$131,750
4 years$122,217$117,567$113,123$108,873$104,810$90,244
5 years$96,796$92,174$87,788$83,625$79,675$65,788
6 years$79,855$75,267$70,946$66,876$63,044$49,848
7 years$67,758$63,209$58,956$54,982$51,272$38,765
8 years$58,690$54,182$49,999$46,123$42,535$30,708
9 years$51,640$47,175$43,064$39,287$35,820$24,660
10 years$46,004$41,583$37,545$33,866$30,521$20,010
11 years$41,396$37,019$33,054$29,473$26,249$16,368
12 years$37,558$33,226$29,334$25,852$22,747$13,474
13 years$34,313$30,026$26,208$22,823$19,836$11,148
14 years$31,535$27,293$23,548$20,260$17,388$9,262
15 years$29,129$24,933$21,261$18,068$15,310$7,720
16 years$27,025$22,875$19,276$16,178$13,531$6,453
17 years$25,171$21,067$17,540$14,536$11,997$5,406
18 years$23,525$19,467$16,012$13,100$10,667$4,537
19 years$22,054$18,042$14,658$11,837$9,508$3,814
20 years$20,732$16,766$13,453$10,721$8,493$3,210
21 years$19,537$15,616$12,374$9,730$7,600$2,705
22 years$18,452$14,577$11,405$8,846$6,812$2,281
23 years$17,463$13,634$10,530$8,057$6,115$1,925
24 years$16,558$12,774$9,739$7,348$5,496$1,626
25 years$15,727$11,988$9,020$6,711$4,946$1,374
26 years$14,960$11,267$8,365$6,136$4,455$1,161
27 years$14,252$10,603$7,768$5,616$4,017$982
28 years$13,596$9,991$7,221$5,146$3,624$831
29 years$12,985$9,426$6,720$4,719$3,273$703
30 years$12,417$8,902$6,260$4,331$2,957$595
31 years$11,886$8,415$5,836$3,977$2,673$504
32 years$11,390$7,962$5,445$3,655$2,418$427
33 years$10,924$7,540$5,084$3,361$2,189$361
34 years$10,487$7,147$4,750$3,093$1,982$306
35 years$10,076$6,778$4,441$2,847$1,795$259
36 years$9,688$6,434$4,154$2,622$1,626$219
37 years$9,322$6,111$3,888$2,416$1,474$186
38 years$8,977$5,807$3,641$2,227$1,336$157
39 years$8,650$5,522$3,412$2,053$1,212$133
40 years$8,340$5,254$3,198$1,894$1,099$113
41 years$8,046$5,001$2,998$1,747$997$96
42 years$7,766$4,763$2,813$1,613$905$81
43 years$7,501$4,538$2,639$1,489$821$69
44 years$7,248$4,326$2,477$1,374$745$58
45 years$7,007$4,125$2,326$1,269$677$49
46 years$6,777$3,935$2,185$1,172$614$42
47 years$6,558$3,755$2,053$1,083$558$35
48 years$6,348$3,585$1,929$1,001$507$30
49 years$6,148$3,423$1,813$925$460$25
50 years$5,956$3,270$1,704$855$418$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,100,000, adding $5,018 every year, while hoping to spend $42,320 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: 55/40/5 Blend
64$6,100,000$6,100,000$6,100,000$6,100,000
65$6,727,376$6,404,076$6,309,526$7,090,257
66$7,368,540$6,672,848$6,475,867$7,604,124
67$8,073,685$6,953,371$6,646,362$8,158,139
68$8,849,291$7,246,176$6,821,106$8,760,238
69$9,702,500$7,551,820$7,000,194$9,414,988
70$10,641,180$7,870,884$7,183,725$10,127,405
71$11,673,999$8,203,976$7,371,799$10,903,005
72$12,810,509$8,551,733$7,564,516$11,747,850
73$14,061,235$8,914,822$7,761,982$12,668,603
74$15,437,773$9,293,940$7,964,300$13,672,592
75$16,952,900$9,689,817$8,171,578$14,767,872
76$18,620,694$10,103,217$8,383,924$15,963,303
77$20,456,670$10,534,940$8,601,451$17,268,629
78$22,477,920$10,985,821$8,824,269$18,694,567
79$24,703,279$11,456,738$9,052,494$20,252,907
80$27,153,503$11,948,607$9,286,241$21,956,619
81$29,851,459$12,462,389$9,525,630$23,819,973
82$32,822,349$12,999,087$9,770,779$25,858,670
83$36,093,940$13,559,753$10,021,811$28,089,989
84$39,696,830$14,145,489$10,278,850$30,532,944
85$43,664,736$14,757,447$10,542,021$33,208,461
86$48,034,811$15,396,834$10,811,451$36,139,571
87$52,847,997$16,064,914$11,087,269$39,351,626
88$58,149,407$16,763,009$11,369,607$42,872,532
89$63,988,755$17,492,505$11,658,598$46,733,008
90$70,420,821$18,254,852$11,954,374$50,966,872
91$77,505,973$19,051,567$12,257,074$55,611,357
92$85,310,730$19,884,242$12,566,834$60,707,456
93$93,908,396$20,754,541$12,883,794$66,300,304
94$103,379,747$21,664,208$13,208,095$72,439,597
95$113,813,795$22,615,068$13,539,881$79,180,062
96$125,308,630$23,609,034$13,879,294$86,581,958
97$137,972,342$24,648,108$14,226,482$94,711,648
98$151,924,042$25,734,387$14,581,591$103,642,214
99$167,294,989$26,870,067$14,944,769$113,454,139
100$184,229,826$28,057,448$15,316,166$124,236,066