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%12.9%
1 years$545,022$540,167$535,431$530,807$526,293$519,932
2 years$269,813$264,788$259,918$255,196$250,616$244,214
3 years$178,088$173,042$168,184$163,506$159,001$152,758
4 years$132,235$127,204$122,395$117,797$113,401$107,364
5 years$104,731$99,729$94,983$90,480$86,206$80,393
6 years$86,400$81,437$76,761$72,357$68,211$62,629
7 years$73,312$68,390$63,789$59,489$55,474$50,125
8 years$63,500$58,623$54,098$49,904$46,021$40,905
9 years$55,873$51,042$46,594$42,507$38,757$33,871
10 years$49,775$44,991$40,622$36,641$33,022$28,364
11 years$44,789$40,053$35,763$31,889$28,400$23,965
12 years$40,637$35,949$31,739$27,971$24,611$20,394
13 years$37,126$32,488$28,356$24,694$21,461$17,458
14 years$34,119$29,530$25,478$21,921$18,813$15,016
15 years$31,516$26,977$23,004$19,549$16,564$12,969
16 years$29,240$24,750$20,856$17,504$14,640$11,239
17 years$27,235$22,794$18,978$15,728$12,981$9,767
18 years$25,454$21,063$17,325$14,174$11,542$8,510
19 years$23,862$19,521$15,860$12,807$10,287$7,430
20 years$22,431$18,140$14,555$11,599$9,189$6,499
21 years$21,139$16,896$13,388$10,527$8,223$5,693
22 years$19,965$15,772$12,339$9,572$7,371$4,994
23 years$18,895$14,751$11,393$8,717$6,616$4,386
24 years$17,915$13,821$10,537$7,950$5,947$3,856
25 years$17,016$12,970$9,759$7,261$5,351$3,393
26 years$16,187$12,190$9,051$6,639$4,820$2,988
27 years$15,420$11,472$8,405$6,077$4,346$2,633
28 years$14,710$10,810$7,813$5,568$3,921$2,322
29 years$14,050$10,198$7,271$5,106$3,541$2,049
30 years$13,435$9,631$6,773$4,686$3,199$1,808
31 years$12,861$9,105$6,314$4,303$2,893$1,597
32 years$12,323$8,615$5,891$3,955$2,617$1,410
33 years$11,820$8,158$5,500$3,637$2,368$1,246
34 years$11,347$7,732$5,139$3,346$2,144$1,102
35 years$10,902$7,334$4,805$3,080$1,942$974
36 years$10,482$6,961$4,495$2,837$1,759$861
37 years$10,087$6,611$4,207$2,614$1,595$762
38 years$9,713$6,283$3,940$2,409$1,446$674
39 years$9,359$5,975$3,691$2,221$1,311$596
40 years$9,023$5,684$3,460$2,049$1,189$527
41 years$8,705$5,411$3,244$1,890$1,079$467
42 years$8,403$5,153$3,043$1,745$979$413
43 years$8,115$4,910$2,856$1,611$888$366
44 years$7,842$4,680$2,680$1,487$806$324
45 years$7,581$4,463$2,517$1,373$732$287
46 years$7,332$4,258$2,364$1,269$665$254
47 years$7,095$4,063$2,221$1,172$604$225
48 years$6,868$3,879$2,087$1,083$548$199
49 years$6,651$3,704$1,962$1,001$498$176
50 years$6,444$3,538$1,844$925$452$156

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 $5,177 every year, while hoping to spend $28,042 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: 55/29/16 Blend
64$6,600,000$6,600,000$6,600,000$6,600,000
65$7,278,540$6,928,740$6,826,440$7,647,731
66$7,991,115$7,238,412$7,025,289$8,209,371
67$8,775,432$7,562,318$7,229,860$8,817,181
68$9,638,780$7,901,126$7,440,315$9,478,399
69$10,589,190$8,255,535$7,656,820$10,198,134
70$11,635,510$8,626,279$7,879,546$10,982,001
71$12,787,491$9,014,125$8,108,669$11,836,171
72$14,055,877$9,419,879$8,344,371$12,767,433
73$15,452,505$9,844,382$8,586,837$13,783,247
74$16,990,422$10,288,518$8,836,257$14,891,822
75$18,684,002$10,753,212$9,092,829$16,102,183
76$20,549,085$11,239,434$9,356,753$17,424,260
77$22,603,124$11,748,200$9,628,237$18,868,974
78$24,865,354$12,280,572$9,907,494$20,448,343
79$27,356,967$12,837,668$10,194,742$22,175,586
80$30,101,319$13,420,654$10,490,207$24,065,252
81$33,124,143$14,030,756$10,794,119$26,133,350
82$36,453,799$14,669,256$11,106,715$28,397,497
83$40,121,536$15,337,500$11,428,240$30,877,083
84$44,161,790$16,036,894$11,758,943$33,593,449
85$48,612,508$16,768,917$12,099,082$36,570,087
86$53,515,504$17,535,114$12,448,922$39,832,856
87$58,916,858$18,337,108$12,808,734$43,410,222
88$64,867,348$19,176,597$13,178,797$47,333,525
89$71,422,929$20,055,361$13,559,397$51,637,268
90$78,645,260$20,975,266$13,950,830$56,359,440
91$86,602,291$21,938,269$14,353,397$61,541,870
92$95,368,899$22,946,418$14,767,410$67,230,615
93$105,027,595$24,001,861$15,193,187$73,476,393
94$115,669,307$25,106,849$15,631,056$80,335,053
95$127,394,234$26,263,742$16,081,354$87,868,101
96$140,312,793$27,475,013$16,544,426$96,143,269
97$154,546,662$28,743,253$17,020,629$105,235,153
98$170,229,928$30,071,178$17,510,326$115,225,911
99$187,510,351$31,461,637$18,013,893$126,206,028
100$206,550,762$32,917,612$18,531,713$138,275,168