Can I retire at age 65 with 6,500,000?

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 $6,500,000?

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%
1 years$536,764$531,983$527,318$522,765$518,319$509,523
2 years$265,725$260,776$255,980$251,329$246,819$237,984
3 years$175,390$170,420$165,636$161,029$156,592$147,993
4 years$130,232$125,277$120,540$116,012$111,683$103,387
5 years$103,144$98,218$93,544$89,109$84,899$76,930
6 years$85,091$80,203$75,598$71,261$67,178$59,544
7 years$72,201$67,354$62,822$58,588$54,634$47,337
8 years$62,538$57,735$53,278$49,148$45,324$38,364
9 years$55,027$50,269$45,888$41,863$38,169$31,542
10 years$49,021$44,309$40,007$36,086$32,522$26,221
11 years$44,110$39,446$35,221$31,406$27,970$21,989
12 years$40,021$35,405$31,258$27,547$24,238$18,569
13 years$36,563$31,995$27,927$24,320$21,136$15,771
14 years$33,602$29,083$25,092$21,589$18,528$13,457
15 years$31,039$26,568$22,655$19,253$16,313$11,527
16 years$28,797$24,375$20,540$17,239$14,418$9,906
17 years$26,822$22,449$18,691$15,489$12,784$8,537
18 years$25,068$20,744$17,062$13,959$11,367$7,373
19 years$23,500$19,225$15,620$12,613$10,132$6,381
20 years$22,091$17,865$14,335$11,424$9,050$5,532
21 years$20,818$16,640$13,185$10,368$8,098$4,803
22 years$19,662$15,533$12,152$9,427$7,259$4,175
23 years$18,609$14,528$11,221$8,585$6,516$3,633
24 years$17,644$13,612$10,377$7,830$5,857$3,164
25 years$16,758$12,774$9,611$7,151$5,270$2,758
26 years$15,941$12,005$8,914$6,538$4,747$2,406
27 years$15,187$11,299$8,277$5,985$4,280$2,100
28 years$14,487$10,647$7,695$5,483$3,862$1,834
29 years$13,837$10,044$7,161$5,028$3,487$1,602
30 years$13,231$9,485$6,670$4,615$3,151$1,400
31 years$12,666$8,967$6,218$4,238$2,849$1,224
32 years$12,137$8,484$5,802$3,895$2,577$1,071
33 years$11,641$8,035$5,417$3,582$2,332$937
34 years$11,175$7,615$5,061$3,296$2,111$820
35 years$10,736$7,223$4,732$3,034$1,912$717
36 years$10,324$6,856$4,427$2,794$1,733$628
37 years$9,934$6,511$4,143$2,574$1,570$550
38 years$9,565$6,188$3,880$2,373$1,424$481
39 years$9,217$5,884$3,635$2,188$1,291$421
40 years$8,887$5,598$3,407$2,018$1,171$369
41 years$8,573$5,329$3,195$1,862$1,062$323
42 years$8,275$5,075$2,997$1,718$964$283
43 years$7,992$4,836$2,812$1,586$875$248
44 years$7,723$4,609$2,640$1,465$794$217
45 years$7,466$4,395$2,479$1,353$721$190
46 years$7,221$4,193$2,328$1,249$655$167
47 years$6,988$4,002$2,187$1,154$594$146
48 years$6,764$3,820$2,055$1,067$540$128
49 years$6,551$3,648$1,932$986$490$112
50 years$6,346$3,485$1,816$911$445$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,500,000, adding $4,954 every year, while hoping to spend $21,782 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: 52/21/27 Blend
64$6,500,000$6,500,000$6,500,000$6,500,000
65$7,168,110$6,823,610$6,722,860$7,486,397
66$7,876,081$7,134,791$6,924,900$8,019,069
67$8,655,536$7,460,490$7,132,978$8,595,592
68$9,513,741$7,801,395$7,347,274$9,222,328
69$10,458,707$8,158,228$7,567,972$9,904,079
70$11,499,259$8,531,744$7,795,262$10,646,121
71$12,645,120$8,922,736$8,029,340$11,454,255
72$13,907,006$9,332,034$8,270,407$12,334,861
73$15,296,725$9,760,508$8,518,670$13,294,954
74$16,827,289$10,209,071$8,774,344$14,342,252
75$18,513,034$10,678,678$9,037,646$15,485,243
76$20,369,761$11,170,330$9,308,804$16,733,262
77$22,414,878$11,685,077$9,588,051$18,096,584
78$24,667,570$12,224,021$9,875,625$19,586,511
79$27,148,978$12,788,313$10,171,774$21,215,481
80$29,882,396$13,379,164$10,476,751$22,997,179
81$32,893,497$13,997,838$10,790,818$24,946,668
82$36,210,567$14,645,666$11,114,244$27,080,526
83$39,864,779$15,324,038$11,447,306$29,417,001
84$43,890,484$16,034,413$11,790,288$31,976,176
85$48,325,535$16,778,321$12,143,484$34,780,163
86$53,211,645$17,557,364$12,507,196$37,853,302
87$58,594,781$18,373,223$12,881,736$41,222,392
88$64,525,597$19,227,659$13,267,422$44,916,935
89$71,059,911$20,122,518$13,664,584$48,969,418
90$78,259,236$21,059,735$14,073,561$53,415,609
91$86,191,355$22,041,339$14,494,702$58,294,897
92$94,930,964$23,069,457$14,928,366$63,650,653
93$104,560,379$24,146,317$15,374,923$69,530,643
94$115,170,308$25,274,256$15,834,753$75,987,465
95$126,860,710$26,455,725$16,308,248$83,079,051
96$139,741,738$27,693,291$16,795,810$90,869,201
97$153,934,780$28,989,647$17,297,854$99,428,183
98$169,573,603$30,347,615$17,814,808$108,833,392
99$186,805,616$31,770,154$18,347,110$119,170,075
100$205,793,263$33,260,366$18,895,212$130,532,127