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%11.2%
1 years$503,732$499,245$494,868$490,595$486,423$483,966
2 years$249,372$244,728$240,227$235,863$231,630$229,151
3 years$164,597$159,933$155,443$151,120$146,955$144,530
4 years$122,217$117,567$113,123$108,873$104,810$102,457
5 years$96,796$92,174$87,788$83,625$79,675$77,402
6 years$79,855$75,267$70,946$66,876$63,044$60,854
7 years$67,758$63,209$58,956$54,982$51,272$49,165
8 years$58,690$54,182$49,999$46,123$42,535$40,512
9 years$51,640$47,175$43,064$39,287$35,820$33,881
10 years$46,004$41,583$37,545$33,866$30,521$28,664
11 years$41,396$37,019$33,054$29,473$26,249$24,474
12 years$37,558$33,226$29,334$25,852$22,747$21,051
13 years$34,313$30,026$26,208$22,823$19,836$18,218
14 years$31,535$27,293$23,548$20,260$17,388$15,847
15 years$29,129$24,933$21,261$18,068$15,310$13,843
16 years$27,025$22,875$19,276$16,178$13,531$12,137
17 years$25,171$21,067$17,540$14,536$11,997$10,674
18 years$23,525$19,467$16,012$13,100$10,667$9,412
19 years$22,054$18,042$14,658$11,837$9,508$8,319
20 years$20,732$16,766$13,453$10,721$8,493$7,367
21 years$19,537$15,616$12,374$9,730$7,600$6,535
22 years$18,452$14,577$11,405$8,846$6,812$5,807
23 years$17,463$13,634$10,530$8,057$6,115$5,166
24 years$16,558$12,774$9,739$7,348$5,496$4,602
25 years$15,727$11,988$9,020$6,711$4,946$4,103
26 years$14,960$11,267$8,365$6,136$4,455$3,662
27 years$14,252$10,603$7,768$5,616$4,017$3,271
28 years$13,596$9,991$7,221$5,146$3,624$2,924
29 years$12,985$9,426$6,720$4,719$3,273$2,615
30 years$12,417$8,902$6,260$4,331$2,957$2,340
31 years$11,886$8,415$5,836$3,977$2,673$2,095
32 years$11,390$7,962$5,445$3,655$2,418$1,877
33 years$10,924$7,540$5,084$3,361$2,189$1,682
34 years$10,487$7,147$4,750$3,093$1,982$1,508
35 years$10,076$6,778$4,441$2,847$1,795$1,352
36 years$9,688$6,434$4,154$2,622$1,626$1,213
37 years$9,322$6,111$3,888$2,416$1,474$1,088
38 years$8,977$5,807$3,641$2,227$1,336$977
39 years$8,650$5,522$3,412$2,053$1,212$877
40 years$8,340$5,254$3,198$1,894$1,099$787
41 years$8,046$5,001$2,998$1,747$997$707
42 years$7,766$4,763$2,813$1,613$905$635
43 years$7,501$4,538$2,639$1,489$821$570
44 years$7,248$4,326$2,477$1,374$745$512
45 years$7,007$4,125$2,326$1,269$677$460
46 years$6,777$3,935$2,185$1,172$614$414
47 years$6,558$3,755$2,053$1,083$558$372
48 years$6,348$3,585$1,929$1,001$507$334
49 years$6,148$3,423$1,813$925$460$300
50 years$5,956$3,270$1,704$855$418$270

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 $2,052 every year, while hoping to spend $45,621 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: 56/20/24 Blend
64$6,100,000$6,100,000$6,100,000$6,100,000
65$6,724,317$6,401,017$6,306,467$7,056,741
66$7,361,657$6,666,126$6,469,193$7,549,836
67$8,062,476$6,942,697$6,635,841$8,081,800
68$8,833,202$7,231,242$6,806,496$8,660,415
69$9,680,915$7,532,300$6,981,240$9,290,183
70$10,613,417$7,846,431$7,160,160$9,976,058
71$11,639,303$8,174,223$7,343,342$10,723,490
72$12,768,044$8,516,292$7,530,876$11,538,475
73$14,010,074$8,873,281$7,722,851$12,427,608
74$15,376,892$9,245,862$7,919,357$13,398,150
75$16,881,166$9,634,740$8,120,486$14,458,089
76$18,536,855$10,040,652$8,326,332$15,616,218
77$20,359,339$10,464,368$8,536,989$16,882,212
78$22,365,565$10,906,696$8,752,551$18,266,724
79$24,574,208$11,368,480$8,973,117$19,781,480
80$27,005,844$11,850,602$9,198,784$21,439,386
81$29,683,147$12,353,989$9,429,650$23,254,655
82$32,631,100$12,879,606$9,665,815$25,242,931
83$35,877,233$13,428,467$9,907,380$27,421,442
84$39,451,881$14,001,632$10,154,448$29,809,155
85$43,388,470$14,600,210$10,407,120$32,426,958
86$47,723,836$15,225,362$10,665,500$35,297,851
87$52,498,565$15,878,303$10,929,692$38,447,162
88$57,757,385$16,560,306$11,199,803$41,902,787
89$63,549,579$17,272,701$11,475,937$45,695,446
90$69,929,456$18,016,884$11,758,201$49,858,972
91$76,956,862$18,794,313$12,046,702$54,430,630
92$84,697,744$19,606,516$12,341,548$59,451,466
93$93,224,770$20,455,092$12,642,847$64,966,686
94$102,618,021$21,341,716$12,950,707$71,026,090
95$112,965,740$22,268,140$13,265,236$77,684,527
96$124,365,168$23,236,201$13,586,543$85,002,419
97$136,923,460$24,247,820$13,914,738$93,046,326
98$150,758,699$25,305,009$14,249,927$101,889,567
99$166,001,007$26,409,876$14,592,221$111,612,913
100$182,793,776$27,564,626$14,941,726$122,305,344