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%15.1%
1 years$536,764$531,983$527,318$522,765$518,319$507,439
2 years$265,725$260,776$255,980$251,329$246,819$235,908
3 years$175,390$170,420$165,636$161,029$156,592$145,992
4 years$130,232$125,277$120,540$116,012$111,683$101,475
5 years$103,144$98,218$93,544$89,109$84,899$75,112
6 years$85,091$80,203$75,598$71,261$67,178$57,822
7 years$72,201$67,354$62,822$58,588$54,634$45,711
8 years$62,538$57,735$53,278$49,148$45,324$36,832
9 years$55,027$50,269$45,888$41,863$38,169$30,101
10 years$49,021$44,309$40,007$36,086$32,522$24,871
11 years$44,110$39,446$35,221$31,406$27,970$20,725
12 years$40,021$35,405$31,258$27,547$24,238$17,389
13 years$36,563$31,995$27,927$24,320$21,136$14,671
14 years$33,602$29,083$25,092$21,589$18,528$12,434
15 years$31,039$26,568$22,655$19,253$16,313$10,578
16 years$28,797$24,375$20,540$17,239$14,418$9,027
17 years$26,822$22,449$18,691$15,489$12,784$7,723
18 years$25,068$20,744$17,062$13,959$11,367$6,622
19 years$23,500$19,225$15,620$12,613$10,132$5,689
20 years$22,091$17,865$14,335$11,424$9,050$4,895
21 years$20,818$16,640$13,185$10,368$8,098$4,217
22 years$19,662$15,533$12,152$9,427$7,259$3,638
23 years$18,609$14,528$11,221$8,585$6,516$3,141
24 years$17,644$13,612$10,377$7,830$5,857$2,714
25 years$16,758$12,774$9,611$7,151$5,270$2,347
26 years$15,941$12,005$8,914$6,538$4,747$2,031
27 years$15,187$11,299$8,277$5,985$4,280$1,759
28 years$14,487$10,647$7,695$5,483$3,862$1,523
29 years$13,837$10,044$7,161$5,028$3,487$1,320
30 years$13,231$9,485$6,670$4,615$3,151$1,144
31 years$12,666$8,967$6,218$4,238$2,849$992
32 years$12,137$8,484$5,802$3,895$2,577$861
33 years$11,641$8,035$5,417$3,582$2,332$747
34 years$11,175$7,615$5,061$3,296$2,111$648
35 years$10,736$7,223$4,732$3,034$1,912$562
36 years$10,324$6,856$4,427$2,794$1,733$488
37 years$9,934$6,511$4,143$2,574$1,570$424
38 years$9,565$6,188$3,880$2,373$1,424$368
39 years$9,217$5,884$3,635$2,188$1,291$319
40 years$8,887$5,598$3,407$2,018$1,171$277
41 years$8,573$5,329$3,195$1,862$1,062$241
42 years$8,275$5,075$2,997$1,718$964$209
43 years$7,992$4,836$2,812$1,586$875$182
44 years$7,723$4,609$2,640$1,465$794$158
45 years$7,466$4,395$2,479$1,353$721$137
46 years$7,221$4,193$2,328$1,249$655$119
47 years$6,988$4,002$2,187$1,154$594$103
48 years$6,764$3,820$2,055$1,067$540$90
49 years$6,551$3,648$1,932$986$490$78
50 years$6,346$3,485$1,816$911$445$68

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 $3,125 every year, while hoping to spend $34,138 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: 55/15/30 Blend
64$6,500,000$6,500,000$6,500,000$6,500,000
65$7,166,223$6,821,723$6,720,973$7,500,447
66$7,860,856$7,119,665$6,909,803$8,029,798
67$8,625,196$7,431,062$7,103,815$8,602,301
68$9,466,319$7,756,537$7,303,146$9,225,208
69$10,392,020$8,096,743$7,507,937$9,903,392
70$11,410,886$8,452,364$7,718,333$10,642,209
71$12,532,381$8,824,114$7,934,482$11,447,554
72$13,766,932$9,212,744$8,156,536$12,325,912
73$15,126,029$9,619,039$8,384,650$13,284,420
74$16,622,333$10,043,821$8,618,985$14,330,929
75$18,269,794$10,487,951$8,859,703$15,474,081
76$20,083,783$10,952,330$9,106,973$16,723,387
77$22,081,238$11,437,904$9,360,966$18,089,315
78$24,280,825$11,945,662$9,621,859$19,583,389
79$26,703,109$12,476,640$9,889,832$21,218,292
80$29,370,755$13,031,923$10,165,069$23,007,988
81$32,308,733$13,612,649$10,447,761$24,967,853
82$35,544,564$14,220,009$10,738,101$27,114,812
83$39,108,570$14,855,250$11,036,288$29,467,502
84$43,034,166$15,519,679$11,342,525$32,046,445
85$47,358,174$16,214,666$11,657,022$34,874,239
86$52,121,168$16,941,645$11,979,993$37,975,768
87$57,367,859$17,702,118$12,311,655$41,378,437
88$63,147,519$18,497,659$12,652,233$45,112,425
89$69,514,440$19,329,919$13,001,957$49,210,970
90$76,528,452$20,200,624$13,361,062$53,710,680
91$84,255,485$21,111,586$13,729,789$58,651,875
92$92,768,191$22,064,700$14,108,383$64,078,965
93$102,146,630$23,061,954$14,497,098$70,040,864
94$112,479,027$24,105,430$14,896,191$76,591,454
95$123,862,602$25,197,310$15,305,927$83,790,085
96$136,404,488$26,339,880$15,726,577$91,702,135
97$150,222,746$27,535,534$16,158,417$100,399,622
98$165,447,474$28,786,783$16,601,732$109,961,884
99$182,222,037$30,096,256$17,056,811$120,476,316
100$200,704,422$31,466,709$17,523,951$132,039,201