Can I retire at age 65 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$520,248$515,614$511,093$506,680$502,371$484,161
2 years$257,549$252,752$248,103$243,596$239,224$221,078
3 years$169,994$165,176$160,539$156,074$151,774$134,262
4 years$126,225$121,422$116,831$112,443$108,246$91,502
5 years$99,970$95,196$90,666$86,367$82,287$66,354
6 years$82,473$77,735$73,272$69,068$65,111$50,001
7 years$69,980$65,282$60,889$56,785$52,953$38,663
8 years$60,614$55,958$51,639$47,635$43,929$30,447
9 years$53,333$48,722$44,476$40,575$36,995$24,301
10 years$47,512$42,946$38,776$34,976$31,521$19,595
11 years$42,753$38,232$34,137$30,439$27,110$15,924
12 years$38,789$34,315$30,296$26,700$23,493$13,022
13 years$35,438$31,011$27,068$23,572$20,486$10,701
14 years$32,569$28,188$24,320$20,924$17,958$8,828
15 years$30,084$25,750$21,958$18,661$15,812$7,307
16 years$27,911$23,625$19,908$16,709$13,974$6,063
17 years$25,997$21,758$18,116$15,013$12,391$5,042
18 years$24,297$20,106$16,537$13,529$11,017$4,200
19 years$22,777$18,634$15,139$12,225$9,820$3,504
20 years$21,412$17,315$13,894$11,072$8,771$2,927
21 years$20,178$16,128$12,780$10,049$7,849$2,447
22 years$19,057$15,055$11,778$9,136$7,036$2,048
23 years$18,036$14,081$10,875$8,321$6,316$1,715
24 years$17,101$13,193$10,058$7,589$5,677$1,437
25 years$16,242$12,381$9,316$6,931$5,108$1,204
26 years$15,451$11,636$8,640$6,337$4,601$1,010
27 years$14,719$10,951$8,023$5,801$4,148$847
28 years$14,041$10,319$7,458$5,315$3,743$711
29 years$13,411$9,735$6,940$4,874$3,380$597
30 years$12,824$9,193$6,465$4,473$3,054$501
31 years$12,276$8,691$6,027$4,108$2,761$421
32 years$11,763$8,223$5,623$3,775$2,498$353
33 years$11,282$7,788$5,250$3,472$2,260$297
34 years$10,831$7,381$4,906$3,194$2,047$249
35 years$10,406$7,001$4,586$2,940$1,854$209
36 years$10,006$6,645$4,291$2,708$1,679$176
37 years$9,628$6,311$4,016$2,495$1,522$148
38 years$9,271$5,998$3,761$2,300$1,380$124
39 years$8,933$5,703$3,523$2,121$1,251$104
40 years$8,613$5,426$3,302$1,956$1,135$88
41 years$8,309$5,165$3,097$1,805$1,030$74
42 years$8,021$4,919$2,905$1,665$934$62
43 years$7,746$4,687$2,726$1,537$848$52
44 years$7,485$4,468$2,559$1,419$770$44
45 years$7,236$4,260$2,402$1,311$699$37
46 years$6,999$4,064$2,256$1,211$634$31
47 years$6,773$3,878$2,120$1,119$576$26
48 years$6,556$3,702$1,992$1,034$523$22
49 years$6,349$3,536$1,872$955$475$18
50 years$6,151$3,377$1,760$883$432$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,300,000, adding $6,814 every year, while hoping to spend $53,164 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: 46/31/23 Blend
64$6,300,000$6,300,000$6,300,000$6,300,000
65$6,949,629$6,615,729$6,518,079$7,223,164
66$7,601,925$6,883,333$6,679,868$7,683,746
67$8,318,973$7,162,269$6,845,296$8,177,387
68$9,107,322$7,453,034$7,014,427$8,711,902
69$9,974,188$7,756,151$7,187,329$9,291,136
70$10,927,517$8,072,165$7,364,067$9,919,311
71$11,976,070$8,401,647$7,544,709$10,601,067
72$13,129,494$8,745,192$7,729,322$11,341,507
73$14,398,421$9,103,425$7,917,972$12,146,238
74$15,794,564$9,476,998$8,110,729$13,021,427
75$17,330,831$9,866,592$8,307,660$13,973,855
76$19,021,441$10,272,920$8,508,832$15,010,977
77$20,882,064$10,696,729$8,714,313$16,140,996
78$22,929,964$11,138,798$8,924,172$17,372,933
79$25,184,165$11,599,944$9,138,477$18,716,714
80$27,665,627$12,081,018$9,357,293$20,183,258
81$30,397,448$12,582,915$9,580,689$21,784,579
82$33,405,077$13,106,568$9,808,732$23,533,898
83$36,716,558$13,652,953$10,041,488$25,445,764
84$40,362,791$14,223,092$10,279,022$27,536,190
85$44,377,826$14,818,053$10,521,399$29,822,799
86$48,799,183$15,438,956$10,768,684$32,324,989
87$53,668,204$16,086,970$11,020,940$35,064,115
88$59,030,448$16,763,319$11,278,229$38,063,683
89$64,936,116$17,469,284$11,540,612$41,349,573
90$71,440,526$18,206,204$11,808,148$44,950,276
91$78,604,635$18,975,483$12,080,896$48,897,163
92$86,495,613$19,778,588$12,358,912$53,224,776
93$95,187,481$20,617,054$12,642,251$57,971,147
94$104,761,802$21,492,488$12,930,965$63,178,161
95$115,308,459$22,406,572$13,225,104$68,891,938
96$126,926,494$23,361,066$13,524,717$75,163,270
97$139,725,050$24,357,813$13,829,850$82,048,093
98$153,824,399$25,398,740$14,140,544$89,608,013
99$169,357,075$26,485,865$14,456,839$97,910,880
100$186,469,125$27,621,301$14,778,771$107,031,424