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%14.8%
1 years$520,248$515,614$511,093$506,680$502,371$492,429
2 years$257,549$252,752$248,103$243,596$239,224$229,250
3 years$169,994$165,176$160,539$156,074$151,774$142,078
4 years$126,225$121,422$116,831$112,443$108,246$98,904
5 years$99,970$95,196$90,666$86,367$82,287$73,325
6 years$82,473$77,735$73,272$69,068$65,111$56,538
7 years$69,980$65,282$60,889$56,785$52,953$44,772
8 years$60,614$55,958$51,639$47,635$43,929$36,138
9 years$53,333$48,722$44,476$40,575$36,995$29,587
10 years$47,512$42,946$38,776$34,976$31,521$24,491
11 years$42,753$38,232$34,137$30,439$27,110$20,448
12 years$38,789$34,315$30,296$26,700$23,493$17,190
13 years$35,438$31,011$27,068$23,572$20,486$14,532
14 years$32,569$28,188$24,320$20,924$17,958$12,341
15 years$30,084$25,750$21,958$18,661$15,812$10,521
16 years$27,911$23,625$19,908$16,709$13,974$8,997
17 years$25,997$21,758$18,116$15,013$12,391$7,714
18 years$24,297$20,106$16,537$13,529$11,017$6,629
19 years$22,777$18,634$15,139$12,225$9,820$5,708
20 years$21,412$17,315$13,894$11,072$8,771$4,922
21 years$20,178$16,128$12,780$10,049$7,849$4,251
22 years$19,057$15,055$11,778$9,136$7,036$3,675
23 years$18,036$14,081$10,875$8,321$6,316$3,180
24 years$17,101$13,193$10,058$7,589$5,677$2,755
25 years$16,242$12,381$9,316$6,931$5,108$2,388
26 years$15,451$11,636$8,640$6,337$4,601$2,072
27 years$14,719$10,951$8,023$5,801$4,148$1,798
28 years$14,041$10,319$7,458$5,315$3,743$1,561
29 years$13,411$9,735$6,940$4,874$3,380$1,356
30 years$12,824$9,193$6,465$4,473$3,054$1,178
31 years$12,276$8,691$6,027$4,108$2,761$1,024
32 years$11,763$8,223$5,623$3,775$2,498$891
33 years$11,282$7,788$5,250$3,472$2,260$775
34 years$10,831$7,381$4,906$3,194$2,047$674
35 years$10,406$7,001$4,586$2,940$1,854$586
36 years$10,006$6,645$4,291$2,708$1,679$510
37 years$9,628$6,311$4,016$2,495$1,522$444
38 years$9,271$5,998$3,761$2,300$1,380$386
39 years$8,933$5,703$3,523$2,121$1,251$336
40 years$8,613$5,426$3,302$1,956$1,135$293
41 years$8,309$5,165$3,097$1,805$1,030$255
42 years$8,021$4,919$2,905$1,665$934$222
43 years$7,746$4,687$2,726$1,537$848$193
44 years$7,485$4,468$2,559$1,419$770$168
45 years$7,236$4,260$2,402$1,311$699$147
46 years$6,999$4,064$2,256$1,211$634$128
47 years$6,773$3,878$2,120$1,119$576$111
48 years$6,556$3,702$1,992$1,034$523$97
49 years$6,349$3,536$1,872$955$475$84
50 years$6,151$3,377$1,760$883$432$73

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 $4,523 every year, while hoping to spend $47,809 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: 26/49/25 Blend
64$6,300,000$6,300,000$6,300,000$6,300,000
65$6,947,265$6,613,365$6,515,715$7,073,090
66$7,605,018$6,886,552$6,683,124$7,448,495
67$8,328,259$7,171,522$6,854,537$7,846,579
68$9,123,618$7,468,803$7,030,041$8,272,714
69$9,998,399$7,778,946$7,209,719$8,729,297
70$10,960,648$8,102,527$7,393,657$9,218,953
71$12,019,233$8,440,150$7,581,944$9,744,556
72$13,183,923$8,792,445$7,774,667$10,309,251
73$14,465,481$9,160,073$7,971,916$10,916,485
74$15,875,767$9,543,723$8,173,782$11,570,035
75$17,427,848$9,944,119$8,380,357$12,274,039
76$19,136,124$10,362,016$8,591,734$13,033,037
77$21,016,458$10,798,205$8,808,007$13,852,004
78$23,086,333$11,253,513$9,029,271$14,736,400
79$25,365,010$11,728,806$9,255,623$15,692,212
80$27,873,715$12,224,991$9,487,160$16,726,015
81$30,635,833$12,743,015$9,723,979$17,845,021
82$33,677,137$13,283,871$9,966,181$19,057,149
83$37,026,021$13,848,597$10,213,864$20,371,097
84$40,713,776$14,438,280$10,467,130$21,796,413
85$44,774,883$15,054,057$10,726,080$23,343,588
86$49,247,334$15,697,119$10,990,816$25,024,146
87$54,172,995$16,368,711$11,261,442$26,850,750
88$59,598,000$17,070,137$11,538,060$28,837,315
89$65,573,186$17,802,764$11,820,775$30,999,135
90$72,154,570$18,568,019$12,109,690$33,353,024
91$79,403,883$19,367,398$12,404,912$35,917,462
92$87,389,147$20,202,468$12,706,544$38,712,773
93$96,185,318$21,074,868$13,014,691$41,761,304
94$105,874,997$21,986,313$13,329,460$45,087,629
95$116,549,205$22,938,600$13,650,955$48,718,779
96$128,308,243$23,933,611$13,979,281$52,684,487
97$141,262,640$24,973,314$14,314,543$57,017,462
98$155,534,195$26,059,772$14,656,846$61,753,687
99$171,257,125$27,195,143$15,006,293$66,932,756
100$188,579,336$28,381,688$15,362,987$72,598,236