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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.2%
1 years$545,022$540,167$535,431$530,807$526,293$523,635
2 years$269,813$264,788$259,918$255,196$250,616$247,933
3 years$178,088$173,042$168,184$163,506$159,001$156,377
4 years$132,235$127,204$122,395$117,797$113,401$110,856
5 years$104,731$99,729$94,983$90,480$86,206$83,746
6 years$86,400$81,437$76,761$72,357$68,211$65,842
7 years$73,312$68,390$63,789$59,489$55,474$53,195
8 years$63,500$58,623$54,098$49,904$46,021$43,833
9 years$55,873$51,042$46,594$42,507$38,757$36,659
10 years$49,775$44,991$40,622$36,641$33,022$31,014
11 years$44,789$40,053$35,763$31,889$28,400$26,480
12 years$40,637$35,949$31,739$27,971$24,611$22,777
13 years$37,126$32,488$28,356$24,694$21,461$19,712
14 years$34,119$29,530$25,478$21,921$18,813$17,146
15 years$31,516$26,977$23,004$19,549$16,564$14,978
16 years$29,240$24,750$20,856$17,504$14,640$13,132
17 years$27,235$22,794$18,978$15,728$12,981$11,549
18 years$25,454$21,063$17,325$14,174$11,542$10,183
19 years$23,862$19,521$15,860$12,807$10,287$9,000
20 years$22,431$18,140$14,555$11,599$9,189$7,971
21 years$21,139$16,896$13,388$10,527$8,223$7,071
22 years$19,965$15,772$12,339$9,572$7,371$6,283
23 years$18,895$14,751$11,393$8,717$6,616$5,589
24 years$17,915$13,821$10,537$7,950$5,947$4,979
25 years$17,016$12,970$9,759$7,261$5,351$4,439
26 years$16,187$12,190$9,051$6,639$4,820$3,962
27 years$15,420$11,472$8,405$6,077$4,346$3,539
28 years$14,710$10,810$7,813$5,568$3,921$3,163
29 years$14,050$10,198$7,271$5,106$3,541$2,829
30 years$13,435$9,631$6,773$4,686$3,199$2,532
31 years$12,861$9,105$6,314$4,303$2,893$2,267
32 years$12,323$8,615$5,891$3,955$2,617$2,031
33 years$11,820$8,158$5,500$3,637$2,368$1,820
34 years$11,347$7,732$5,139$3,346$2,144$1,632
35 years$10,902$7,334$4,805$3,080$1,942$1,463
36 years$10,482$6,961$4,495$2,837$1,759$1,312
37 years$10,087$6,611$4,207$2,614$1,595$1,178
38 years$9,713$6,283$3,940$2,409$1,446$1,057
39 years$9,359$5,975$3,691$2,221$1,311$949
40 years$9,023$5,684$3,460$2,049$1,189$852
41 years$8,705$5,411$3,244$1,890$1,079$765
42 years$8,403$5,153$3,043$1,745$979$687
43 years$8,115$4,910$2,856$1,611$888$617
44 years$7,842$4,680$2,680$1,487$806$554
45 years$7,581$4,463$2,517$1,373$732$498
46 years$7,332$4,258$2,364$1,269$665$447
47 years$7,095$4,063$2,221$1,172$604$402
48 years$6,868$3,879$2,087$1,083$548$361
49 years$6,651$3,704$1,962$1,001$498$325
50 years$6,444$3,538$1,844$925$452$292

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 $4,676 every year, while hoping to spend $20,249 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: 48/36/16 Blend
64$6,600,000$6,600,000$6,600,000$6,600,000
65$7,278,023$6,928,223$6,825,923$7,594,545
66$7,998,837$7,246,161$7,033,047$8,132,040
67$8,792,495$7,579,000$7,246,431$8,712,881
68$9,666,406$7,927,447$7,466,263$9,343,134
69$10,628,734$8,292,247$7,692,737$10,027,432
70$11,688,474$8,674,176$7,926,053$10,770,859
71$12,855,540$9,074,052$8,166,417$11,579,001
72$14,140,854$9,492,730$8,414,041$12,457,994
73$15,556,452$9,931,105$8,669,143$13,414,579
74$17,115,598$10,390,117$8,931,947$14,456,164
75$18,832,908$10,870,751$9,202,686$15,590,891
76$20,724,485$11,374,039$9,481,597$16,827,707
77$22,808,079$11,901,063$9,768,926$18,176,449
78$25,103,244$12,452,956$10,064,926$19,647,932
79$27,631,531$13,030,908$10,369,858$21,254,047
80$30,416,688$13,636,163$10,683,989$23,007,870
81$33,484,883$14,270,028$11,007,596$24,923,782
82$36,864,954$14,933,872$11,340,962$27,017,602
83$40,588,677$15,629,129$11,684,383$29,306,727
84$44,691,070$16,357,305$12,038,157$31,810,300
85$49,210,721$17,119,975$12,402,598$34,549,379
86$54,190,154$17,918,792$12,778,023$37,547,133
87$59,676,226$18,755,489$13,164,763$40,829,058
88$65,720,576$19,631,883$13,563,158$44,423,211
89$72,380,107$20,549,878$13,973,556$48,360,468
90$79,717,525$21,511,469$14,396,317$52,674,812
91$87,801,931$22,518,750$14,831,813$57,403,645
92$96,709,473$23,573,913$15,280,423$62,588,139
93$106,524,064$24,679,260$15,742,543$68,273,613
94$117,338,176$25,837,201$16,218,575$74,509,960
95$129,253,710$27,050,264$16,708,937$81,352,105
96$142,382,960$28,321,098$17,214,058$88,860,517
97$156,849,672$29,652,483$17,734,379$97,101,778
98$172,790,214$31,047,330$18,270,357$106,149,194
99$190,354,861$32,508,694$18,822,459$116,083,487
100$209,709,213$34,039,776$19,391,167$126,993,540