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%17%
1 years$536,764$531,983$527,318$522,765$518,319$503,544
2 years$265,725$260,776$255,980$251,329$246,819$232,048
3 years$175,390$170,420$165,636$161,029$156,592$142,288
4 years$130,232$125,277$120,540$116,012$111,683$97,956
5 years$103,144$98,218$93,544$89,109$84,899$71,787
6 years$85,091$80,203$75,598$71,261$67,178$54,692
7 years$72,201$67,354$62,822$58,588$54,634$42,775
8 years$62,538$57,735$53,278$49,148$45,324$34,085
9 years$55,027$50,269$45,888$41,863$38,169$27,539
10 years$49,021$44,309$40,007$36,086$32,522$22,487
11 years$44,110$39,446$35,221$31,406$27,970$18,513
12 years$40,021$35,405$31,258$27,547$24,238$15,341
13 years$36,563$31,995$27,927$24,320$21,136$12,779
14 years$33,602$29,083$25,092$21,589$18,528$10,690
15 years$31,039$26,568$22,655$19,253$16,313$8,974
16 years$28,797$24,375$20,540$17,239$14,418$7,555
17 years$26,822$22,449$18,691$15,489$12,784$6,376
18 years$25,068$20,744$17,062$13,959$11,367$5,391
19 years$23,500$19,225$15,620$12,613$10,132$4,566
20 years$22,091$17,865$14,335$11,424$9,050$3,872
21 years$20,818$16,640$13,185$10,368$8,098$3,288
22 years$19,662$15,533$12,152$9,427$7,259$2,795
23 years$18,609$14,528$11,221$8,585$6,516$2,377
24 years$17,644$13,612$10,377$7,830$5,857$2,024
25 years$16,758$12,774$9,611$7,151$5,270$1,724
26 years$15,941$12,005$8,914$6,538$4,747$1,469
27 years$15,187$11,299$8,277$5,985$4,280$1,252
28 years$14,487$10,647$7,695$5,483$3,862$1,068
29 years$13,837$10,044$7,161$5,028$3,487$911
30 years$13,231$9,485$6,670$4,615$3,151$778
31 years$12,666$8,967$6,218$4,238$2,849$664
32 years$12,137$8,484$5,802$3,895$2,577$567
33 years$11,641$8,035$5,417$3,582$2,332$484
34 years$11,175$7,615$5,061$3,296$2,111$413
35 years$10,736$7,223$4,732$3,034$1,912$353
36 years$10,324$6,856$4,427$2,794$1,733$302
37 years$9,934$6,511$4,143$2,574$1,570$258
38 years$9,565$6,188$3,880$2,373$1,424$220
39 years$9,217$5,884$3,635$2,188$1,291$188
40 years$8,887$5,598$3,407$2,018$1,171$161
41 years$8,573$5,329$3,195$1,862$1,062$137
42 years$8,275$5,075$2,997$1,718$964$117
43 years$7,992$4,836$2,812$1,586$875$100
44 years$7,723$4,609$2,640$1,465$794$86
45 years$7,466$4,395$2,479$1,353$721$73
46 years$7,221$4,193$2,328$1,249$655$63
47 years$6,988$4,002$2,187$1,154$594$53
48 years$6,764$3,820$2,055$1,067$540$46
49 years$6,551$3,648$1,932$986$490$39
50 years$6,346$3,485$1,816$911$445$33

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 $3,348 every year, while hoping to spend $51,372 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: 41/31/28 Blend
64$6,500,000$6,500,000$6,500,000$6,500,000
65$7,166,453$6,821,953$6,721,203$7,401,131
66$7,842,772$7,101,570$6,891,704$7,850,831
67$8,586,354$7,393,166$7,066,195$8,332,229
68$9,404,005$7,697,273$7,244,756$8,852,342
69$10,303,224$8,014,451$7,427,466$9,414,765
70$11,292,274$8,345,280$7,614,407$10,023,442
71$12,380,258$8,690,371$7,805,662$10,682,710
72$13,577,206$9,050,360$8,001,313$11,397,331
73$14,894,169$9,425,915$8,201,444$12,172,539
74$16,343,322$9,817,734$8,406,141$13,014,088
75$17,938,082$10,226,544$8,615,488$13,928,302
76$19,693,232$10,653,110$8,829,573$14,922,131
77$21,625,060$11,098,231$9,048,481$16,003,222
78$23,751,512$11,562,740$9,272,301$17,179,979
79$26,092,364$12,047,512$9,501,121$18,461,647
80$28,669,406$12,553,461$9,735,030$19,858,396
81$31,506,648$13,081,544$9,974,116$21,381,409
82$34,630,548$13,632,761$10,218,471$23,042,993
83$38,070,257$14,208,159$10,468,183$24,856,686
84$41,857,900$14,808,835$10,723,343$26,837,384
85$46,028,873$15,435,936$10,984,042$29,001,481
86$50,622,182$16,090,660$11,250,371$31,367,016
87$55,680,806$16,774,264$11,522,421$33,953,843
88$61,252,108$17,488,063$11,800,282$36,783,815
89$67,388,276$18,233,431$12,084,044$39,880,987
90$74,146,820$19,011,809$12,373,799$43,271,835
91$81,591,110$19,824,702$12,669,636$46,985,509
92$89,790,980$20,673,689$12,971,646$51,054,100
93$98,823,380$21,560,420$13,279,916$55,512,938
94$108,773,107$22,486,623$13,594,535$60,400,925
95$119,733,603$23,454,107$13,915,591$65,760,892
96$131,807,837$24,464,765$14,243,171$71,640,004
97$145,109,278$25,520,579$14,577,358$78,090,198
98$159,762,962$26,623,625$14,918,237$85,168,668
99$175,906,677$27,776,076$15,265,891$92,938,399
100$193,692,260$28,980,205$15,620,400$101,468,758