Can I retire at age 65 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$545,022$540,167$535,431$530,807$526,293$519,501
2 years$269,813$264,788$259,918$255,196$250,616$243,783
3 years$178,088$173,042$168,184$163,506$159,001$152,339
4 years$132,235$127,204$122,395$117,797$113,401$106,962
5 years$104,731$99,729$94,983$90,480$86,206$80,008
6 years$86,400$81,437$76,761$72,357$68,211$62,262
7 years$73,312$68,390$63,789$59,489$55,474$49,776
8 years$63,500$58,623$54,098$49,904$46,021$40,573
9 years$55,873$51,042$46,594$42,507$38,757$33,557
10 years$49,775$44,991$40,622$36,641$33,022$28,067
11 years$44,789$40,053$35,763$31,889$28,400$23,685
12 years$40,637$35,949$31,739$27,971$24,611$20,130
13 years$37,126$32,488$28,356$24,694$21,461$17,209
14 years$34,119$29,530$25,478$21,921$18,813$14,783
15 years$31,516$26,977$23,004$19,549$16,564$12,750
16 years$29,240$24,750$20,856$17,504$14,640$11,033
17 years$27,235$22,794$18,978$15,728$12,981$9,576
18 years$25,454$21,063$17,325$14,174$11,542$8,331
19 years$23,862$19,521$15,860$12,807$10,287$7,263
20 years$22,431$18,140$14,555$11,599$9,189$6,343
21 years$21,139$16,896$13,388$10,527$8,223$5,549
22 years$19,965$15,772$12,339$9,572$7,371$4,860
23 years$18,895$14,751$11,393$8,717$6,616$4,262
24 years$17,915$13,821$10,537$7,950$5,947$3,741
25 years$17,016$12,970$9,759$7,261$5,351$3,287
26 years$16,187$12,190$9,051$6,639$4,820$2,890
27 years$15,420$11,472$8,405$6,077$4,346$2,543
28 years$14,710$10,810$7,813$5,568$3,921$2,239
29 years$14,050$10,198$7,271$5,106$3,541$1,972
30 years$13,435$9,631$6,773$4,686$3,199$1,738
31 years$12,861$9,105$6,314$4,303$2,893$1,532
32 years$12,323$8,615$5,891$3,955$2,617$1,351
33 years$11,820$8,158$5,500$3,637$2,368$1,192
34 years$11,347$7,732$5,139$3,346$2,144$1,051
35 years$10,902$7,334$4,805$3,080$1,942$928
36 years$10,482$6,961$4,495$2,837$1,759$819
37 years$10,087$6,611$4,207$2,614$1,595$723
38 years$9,713$6,283$3,940$2,409$1,446$639
39 years$9,359$5,975$3,691$2,221$1,311$564
40 years$9,023$5,684$3,460$2,049$1,189$498
41 years$8,705$5,411$3,244$1,890$1,079$440
42 years$8,403$5,153$3,043$1,745$979$389
43 years$8,115$4,910$2,856$1,611$888$344
44 years$7,842$4,680$2,680$1,487$806$304
45 years$7,581$4,463$2,517$1,373$732$268
46 years$7,332$4,258$2,364$1,269$665$237
47 years$7,095$4,063$2,221$1,172$604$210
48 years$6,868$3,879$2,087$1,083$548$185
49 years$6,651$3,704$1,962$1,001$498$164
50 years$6,444$3,538$1,844$925$452$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,600,000, adding $6,841 every year, while hoping to spend $28,644 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: 42/37/21 Blend
64$6,600,000$6,600,000$6,600,000$6,600,000
65$7,280,256$6,930,456$6,828,156$7,540,981
66$7,992,366$7,239,572$7,026,423$8,036,134
67$8,776,150$7,562,874$7,230,371$8,568,713
68$9,638,890$7,901,027$7,440,161$9,144,870
69$10,588,608$8,254,729$7,655,958$9,768,625
70$11,634,144$8,624,708$7,877,930$10,444,388
71$12,785,237$9,011,730$8,106,251$11,177,002
72$14,052,621$9,416,594$8,341,100$11,971,785
73$15,448,122$9,840,141$8,582,661$12,834,575
74$16,984,771$10,283,248$8,831,120$13,771,787
75$18,676,927$10,746,838$9,086,673$14,790,465
76$20,540,415$11,231,874$9,349,518$15,898,352
77$22,592,669$11,739,368$9,619,859$17,103,953
78$24,852,903$12,270,378$9,897,905$18,416,619
79$27,342,288$12,826,015$10,183,874$19,846,625
80$30,084,154$13,407,442$10,477,986$21,405,269
81$33,104,207$14,015,877$10,780,468$23,104,973
82$36,430,778$14,652,596$11,091,555$24,959,393
83$40,095,081$15,318,938$11,411,487$26,983,550
84$44,131,517$16,016,303$11,740,509$29,193,963
85$48,577,992$16,746,162$12,078,877$31,608,801
86$53,476,277$17,510,054$12,426,848$34,248,052
87$58,872,402$18,309,591$12,784,692$37,133,705
88$64,817,090$19,146,464$13,152,683$40,289,952
89$71,366,237$20,022,444$13,531,101$43,743,413
90$78,581,437$20,939,389$13,920,238$47,523,379
91$86,530,568$21,899,242$14,320,389$51,662,087
92$95,288,425$22,904,044$14,731,861$56,195,013
93$104,937,433$23,955,931$15,154,967$61,161,204
94$115,568,422$25,057,143$15,590,030$66,603,639
95$127,281,484$26,210,026$16,037,379$72,569,627
96$140,186,918$27,417,041$16,497,354$79,111,248
97$154,406,273$28,680,765$16,970,305$86,285,835
98$170,073,491$30,003,900$17,456,588$94,156,510
99$187,336,175$31,389,279$17,956,572$102,792,769
100$206,356,982$32,839,871$18,470,633$112,271,128