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

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 $6,100,000?

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 $2,534 every year, while hoping to spend $28,907 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: 75/13/12 Blend
64$6,100,000$6,100,000$6,100,000$6,100,000
65$6,724,814$6,401,514$6,306,964$7,212,996
66$7,379,988$6,684,431$6,487,490$7,818,367
67$8,101,021$6,980,243$6,673,096$8,477,744
68$8,894,600$7,289,550$6,863,919$9,199,570
69$9,768,094$7,612,982$7,060,105$9,990,039
70$10,729,620$7,951,198$7,261,799$10,855,970
71$11,788,125$8,304,891$7,469,153$11,804,869
72$12,953,467$8,674,784$7,682,323$12,845,001
73$14,236,506$9,061,634$7,901,466$13,985,467
74$15,649,212$9,466,236$8,126,747$15,236,288
75$17,204,771$9,889,421$8,358,333$16,608,497
76$18,917,718$10,332,063$8,596,397$18,114,246
77$20,804,063$10,795,072$8,841,115$19,766,916
78$22,881,453$11,279,406$9,092,668$21,581,244
79$25,169,331$11,786,067$9,351,242$23,573,459
80$27,689,123$12,316,104$9,617,029$25,761,437
81$30,464,438$12,870,618$9,890,223$28,164,865
82$33,521,292$13,450,760$10,171,028$30,805,429
83$36,888,354$14,057,737$10,459,647$33,707,012
84$40,597,215$14,692,815$10,756,294$36,895,924
85$44,682,687$15,357,319$11,061,186$40,401,144
86$49,183,130$16,052,637$11,374,545$44,254,596
87$54,140,817$16,780,224$11,696,600$48,491,443
88$59,602,330$17,541,604$12,027,585$53,150,423
89$65,619,001$18,338,375$12,367,742$58,274,209
90$72,247,394$19,172,211$12,717,317$63,909,813
91$79,549,844$20,044,865$13,076,563$70,109,023
92$87,595,041$20,958,176$13,445,740$76,928,894
93$96,458,677$21,914,069$13,825,115$84,432,283
94$106,224,166$22,914,563$14,214,960$92,688,441
95$116,983,427$23,961,771$14,615,557$101,773,660
96$128,837,750$25,057,912$15,027,191$111,771,996
97$141,898,757$26,205,307$15,450,160$122,776,059
98$156,289,454$27,406,390$15,884,763$134,887,881
99$172,145,388$28,663,712$16,331,312$148,219,880
100$189,615,930$29,979,947$16,790,124$162,895,914