Can I retire at age 65 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$511,990$507,430$502,980$498,637$494,397$486,206
2 years$253,460$248,740$244,165$239,729$235,427$227,199
3 years$167,295$162,554$157,991$153,597$149,365$141,355
4 years$124,221$119,495$114,977$110,658$106,528$98,799
5 years$98,383$93,685$89,227$84,996$80,981$73,555
6 years$81,164$76,501$72,109$67,972$64,077$56,963
7 years$68,869$64,245$59,923$55,883$52,112$45,311
8 years$59,652$55,070$50,819$46,879$43,232$36,743
9 years$52,487$47,949$43,770$39,931$36,408$30,227
10 years$46,758$42,264$38,160$34,421$31,021$25,143
11 years$42,074$37,625$33,596$29,956$26,679$21,099
12 years$38,174$33,771$29,815$26,276$23,120$17,829
13 years$34,876$30,519$26,638$23,198$20,161$15,152
14 years$32,052$27,741$23,934$20,592$17,673$12,938
15 years$29,606$25,342$21,609$18,365$15,561$11,090
16 years$27,468$23,250$19,592$16,443$13,752$9,537
17 years$25,584$21,413$17,828$14,774$12,194$8,224
18 years$23,911$19,786$16,275$13,315$10,842$7,109
19 years$22,416$18,338$14,899$12,031$9,664$6,157
20 years$21,072$17,040$13,673$10,896$8,632$5,341
21 years$19,857$15,872$12,577$9,889$7,725$4,641
22 years$18,755$14,816$11,591$8,991$6,924$4,037
23 years$17,750$13,857$10,703$8,189$6,215$3,516
24 years$16,830$12,984$9,898$7,469$5,587$3,064
25 years$15,985$12,184$9,168$6,821$5,027$2,673
26 years$15,206$11,451$8,503$6,237$4,528$2,334
27 years$14,486$10,777$7,895$5,708$4,083$2,039
28 years$13,818$10,155$7,340$5,230$3,684$1,782
29 years$13,198$9,580$6,830$4,796$3,326$1,558
30 years$12,621$9,048$6,362$4,402$3,006$1,363
31 years$12,081$8,553$5,931$4,043$2,717$1,192
32 years$11,576$8,093$5,534$3,715$2,458$1,044
33 years$11,103$7,664$5,167$3,416$2,224$914
34 years$10,659$7,264$4,828$3,143$2,014$800
35 years$10,241$6,890$4,514$2,894$1,824$701
36 years$9,847$6,539$4,222$2,665$1,653$614
37 years$9,475$6,211$3,952$2,455$1,498$538
38 years$9,124$5,902$3,701$2,263$1,358$472
39 years$8,791$5,613$3,467$2,087$1,232$413
40 years$8,476$5,340$3,250$1,925$1,117$362
41 years$8,177$5,083$3,047$1,776$1,013$318
42 years$7,894$4,841$2,859$1,639$920$278
43 years$7,624$4,612$2,682$1,513$835$244
44 years$7,366$4,397$2,518$1,397$758$214
45 years$7,122$4,193$2,364$1,290$688$188
46 years$6,888$4,000$2,221$1,192$624$165
47 years$6,665$3,817$2,086$1,101$567$144
48 years$6,452$3,644$1,960$1,017$515$127
49 years$6,248$3,480$1,843$940$468$111
50 years$6,053$3,324$1,732$869$425$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,200,000, adding $6,066 every year, while hoping to spend $31,971 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: 46/42/12 Blend
64$6,200,000$6,200,000$6,200,000$6,200,000
65$6,838,657$6,510,057$6,413,957$7,129,864
66$7,502,183$6,795,033$6,594,808$7,617,083
67$8,232,317$7,092,901$6,780,645$8,141,562
68$9,035,820$7,404,260$6,971,603$8,709,813
69$9,920,140$7,729,735$7,167,818$9,325,907
70$10,893,484$8,069,982$7,369,430$9,994,309
71$11,964,897$8,425,688$7,576,583$10,719,924
72$13,144,342$8,797,572$7,789,425$11,508,139
73$14,442,800$9,186,389$8,008,106$12,364,871
74$15,872,370$9,592,925$8,232,781$13,296,620
75$17,446,382$10,018,009$8,463,610$14,310,528
76$19,179,527$10,462,506$8,700,754$15,414,442
77$21,087,992$10,927,321$8,944,383$16,616,988
78$23,189,612$11,413,406$9,194,665$17,927,649
79$25,504,044$11,921,754$9,451,777$19,356,847
80$28,052,944$12,453,407$9,715,899$20,916,042
81$30,860,177$13,009,457$9,987,215$22,617,836
82$33,952,042$13,591,047$10,265,914$24,476,087
83$37,357,517$14,199,376$10,552,189$26,506,038
84$41,108,536$14,835,697$10,846,239$28,724,452
85$45,240,285$15,501,325$11,148,266$31,149,773
86$49,791,541$16,197,637$11,458,481$33,802,288
87$54,805,033$16,926,076$11,777,095$36,704,320
88$60,327,846$17,688,153$12,104,327$39,880,430
89$66,411,866$18,485,452$12,440,401$43,357,647
90$73,114,270$19,319,632$12,785,548$47,165,714
91$80,498,062$20,192,432$13,140,001$51,337,365
92$88,632,675$21,105,671$13,504,001$55,908,628
93$97,594,619$22,061,260$13,877,796$60,919,159
94$107,468,205$23,061,196$14,261,637$66,412,610
95$118,346,343$24,107,577$14,655,783$72,437,035
96$130,331,418$25,202,595$15,060,500$79,045,334
97$143,536,253$26,348,553$15,476,057$86,295,747
98$158,085,179$27,547,860$15,902,733$94,252,396
99$174,115,204$28,803,043$16,340,812$102,985,882
100$191,777,310$30,116,747$16,790,584$112,573,942