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

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$511,990$507,430$502,980$498,637$494,397$485,807
2 years$253,460$248,740$244,165$239,729$235,427$226,800
3 years$167,295$162,554$157,991$153,597$149,365$140,970
4 years$124,221$119,495$114,977$110,658$106,528$98,431
5 years$98,383$93,685$89,227$84,996$80,981$73,204
6 years$81,164$76,501$72,109$67,972$64,077$56,629
7 years$68,869$64,245$59,923$55,883$52,112$44,995
8 years$59,652$55,070$50,819$46,879$43,232$36,444
9 years$52,487$47,949$43,770$39,931$36,408$29,946
10 years$46,758$42,264$38,160$34,421$31,021$24,879
11 years$42,074$37,625$33,596$29,956$26,679$20,851
12 years$38,174$33,771$29,815$26,276$23,120$17,597
13 years$34,876$30,519$26,638$23,198$20,161$14,935
14 years$32,052$27,741$23,934$20,592$17,673$12,735
15 years$29,606$25,342$21,609$18,365$15,561$10,901
16 years$27,468$23,250$19,592$16,443$13,752$9,362
17 years$25,584$21,413$17,828$14,774$12,194$8,062
18 years$23,911$19,786$16,275$13,315$10,842$6,958
19 years$22,416$18,338$14,899$12,031$9,664$6,018
20 years$21,072$17,040$13,673$10,896$8,632$5,213
21 years$19,857$15,872$12,577$9,889$7,725$4,522
22 years$18,755$14,816$11,591$8,991$6,924$3,928
23 years$17,750$13,857$10,703$8,189$6,215$3,415
24 years$16,830$12,984$9,898$7,469$5,587$2,972
25 years$15,985$12,184$9,168$6,821$5,027$2,589
26 years$15,206$11,451$8,503$6,237$4,528$2,256
27 years$14,486$10,777$7,895$5,708$4,083$1,968
28 years$13,818$10,155$7,340$5,230$3,684$1,717
29 years$13,198$9,580$6,830$4,796$3,326$1,499
30 years$12,621$9,048$6,362$4,402$3,006$1,309
31 years$12,081$8,553$5,931$4,043$2,717$1,144
32 years$11,576$8,093$5,534$3,715$2,458$999
33 years$11,103$7,664$5,167$3,416$2,224$873
34 years$10,659$7,264$4,828$3,143$2,014$764
35 years$10,241$6,890$4,514$2,894$1,824$668
36 years$9,847$6,539$4,222$2,665$1,653$584
37 years$9,475$6,211$3,952$2,455$1,498$511
38 years$9,124$5,902$3,701$2,263$1,358$447
39 years$8,791$5,613$3,467$2,087$1,232$391
40 years$8,476$5,340$3,250$1,925$1,117$342
41 years$8,177$5,083$3,047$1,776$1,013$299
42 years$7,894$4,841$2,859$1,639$920$262
43 years$7,624$4,612$2,682$1,513$835$229
44 years$7,366$4,397$2,518$1,397$758$201
45 years$7,122$4,193$2,364$1,290$688$176
46 years$6,888$4,000$2,221$1,192$624$154
47 years$6,665$3,817$2,086$1,101$567$135
48 years$6,452$3,644$1,960$1,017$515$118
49 years$6,248$3,480$1,843$940$468$103
50 years$6,053$3,324$1,732$869$425$90

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 $6,188 every year, while hoping to spend $52,273 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: 47/36/17 Blend
64$6,200,000$6,200,000$6,200,000$6,200,000
65$6,838,783$6,510,183$6,414,083$7,127,052
66$7,480,721$6,773,564$6,573,337$7,591,400
67$8,186,384$7,048,098$6,736,173$8,089,301
68$8,962,218$7,334,278$6,902,658$8,628,588
69$9,815,323$7,632,616$7,072,856$9,213,146
70$10,753,522$7,943,651$7,246,832$9,847,239
71$11,785,434$8,267,942$7,424,654$10,535,557
72$12,920,555$8,606,078$7,606,386$11,283,250
73$14,169,348$8,958,672$7,792,097$12,095,983
74$15,543,341$9,326,367$7,981,852$12,979,979
75$17,055,236$9,709,833$8,175,718$13,942,084
76$18,719,028$10,109,773$8,373,763$14,989,822
77$20,550,139$10,526,921$8,576,053$16,131,471
78$22,565,558$10,962,045$8,782,656$17,376,132
79$24,784,008$11,415,949$8,993,638$18,733,818
80$27,226,118$11,889,471$9,209,066$20,215,542
81$29,914,618$12,383,492$9,429,006$21,833,421
82$32,874,556$12,898,930$9,653,525$23,600,787
83$36,133,530$13,436,747$9,882,687$25,532,309
84$39,721,951$13,997,948$10,116,558$27,644,129
85$43,673,329$14,583,587$10,355,202$29,954,013
86$48,024,590$15,194,763$10,598,682$32,481,513
87$52,816,421$15,832,630$10,847,061$35,248,149
88$58,093,659$16,498,392$11,100,401$38,277,610
89$63,905,709$17,193,310$11,358,761$41,595,972
90$70,307,013$17,918,704$11,622,201$45,231,941
91$77,357,562$18,675,953$11,890,778$49,217,120
92$85,123,462$19,466,504$12,164,548$53,586,306
93$93,677,561$20,291,868$12,443,566$58,377,808
94$103,100,130$21,153,628$12,727,883$63,633,809
95$113,479,625$22,053,438$13,017,550$69,400,761
96$124,913,523$22,993,033$13,312,614$75,729,810
97$137,509,236$23,974,225$13,613,120$82,677,286
98$151,385,130$24,998,914$13,919,112$90,305,217
99$166,671,639$26,069,086$14,230,627$98,681,920
100$183,512,495$27,186,820$14,547,703$107,882,630