Can I retire at age 65 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$553,280$548,351$543,543$538,850$534,267$520,296
2 years$273,901$268,800$263,856$259,063$254,413$240,433
3 years$180,787$175,664$170,732$165,984$161,410$147,858
4 years$134,239$129,131$124,249$119,582$115,119$102,099
5 years$106,317$101,241$96,423$91,850$87,512$75,060
6 years$87,709$82,671$77,924$73,454$69,245$57,374
7 years$74,423$69,427$64,755$60,390$56,315$45,025
8 years$64,463$59,511$54,917$50,660$46,718$36,004
9 years$56,720$51,815$47,300$43,151$39,344$29,196
10 years$50,529$45,673$41,238$37,197$33,523$23,929
11 years$45,467$40,660$36,305$32,372$28,831$19,776
12 years$41,252$36,494$32,220$28,395$24,984$16,452
13 years$37,689$32,980$28,786$25,068$21,787$13,761
14 years$34,636$29,978$25,864$22,253$19,098$11,559
15 years$31,994$27,385$23,352$19,846$16,815$9,745
16 years$29,684$25,125$21,172$17,770$14,862$8,239
17 years$27,647$23,140$19,266$15,966$13,177$6,983
18 years$25,839$21,382$17,587$14,388$11,717$5,931
19 years$24,224$19,817$16,100$13,001$10,443$5,046
20 years$22,771$18,415$14,776$11,775$9,328$4,299
21 years$21,459$17,152$13,591$10,687$8,348$3,667
22 years$20,267$16,011$12,526$9,717$7,482$3,132
23 years$19,181$14,975$11,566$8,849$6,717$2,677
24 years$18,187$14,031$10,696$8,071$6,037$2,289
25 years$17,274$13,167$9,907$7,371$5,432$1,959
26 years$16,432$12,375$9,188$6,739$4,893$1,678
27 years$15,654$11,646$8,532$6,169$4,412$1,438
28 years$14,933$10,974$7,932$5,652$3,981$1,232
29 years$14,263$10,353$7,381$5,183$3,595$1,056
30 years$13,638$9,777$6,875$4,757$3,248$906
31 years$13,055$9,243$6,410$4,369$2,936$777
32 years$12,510$8,745$5,980$4,015$2,656$667
33 years$11,999$8,282$5,584$3,692$2,404$572
34 years$11,519$7,850$5,217$3,397$2,176$491
35 years$11,067$7,445$4,878$3,127$1,971$422
36 years$10,641$7,067$4,563$2,880$1,786$362
37 years$10,239$6,712$4,271$2,654$1,619$311
38 years$9,860$6,378$3,999$2,446$1,468$267
39 years$9,500$6,065$3,747$2,255$1,331$229
40 years$9,160$5,771$3,512$2,080$1,207$197
41 years$8,837$5,493$3,293$1,919$1,095$169
42 years$8,530$5,231$3,089$1,771$994$145
43 years$8,238$4,984$2,899$1,635$902$125
44 years$7,961$4,751$2,721$1,510$819$107
45 years$7,696$4,531$2,555$1,394$743$92
46 years$7,444$4,322$2,400$1,288$675$79
47 years$7,203$4,125$2,254$1,190$613$68
48 years$6,972$3,938$2,119$1,099$556$58
49 years$6,752$3,760$1,991$1,016$505$50
50 years$6,542$3,592$1,872$939$459$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,700,000, adding $6,372 every year, while hoping to spend $40,651 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: 64/29/7 Blend
64$6,700,000$6,700,000$6,700,000$6,700,000
65$7,389,973$7,034,873$6,931,023$7,852,966
66$8,100,498$7,336,329$7,119,960$8,463,537
67$8,882,134$7,651,194$7,313,863$9,124,734
68$9,742,091$7,980,083$7,512,858$9,845,807
69$10,688,314$8,323,637$7,717,069$10,632,564
70$11,729,557$8,682,530$7,926,625$11,491,394
71$12,875,465$9,057,467$8,141,660$12,429,321
72$14,136,664$9,449,184$8,362,307$13,454,077
73$15,524,864$9,858,455$8,588,705$14,574,164
74$17,052,968$10,286,086$8,820,994$15,798,938
75$18,735,192$10,732,926$9,059,319$17,138,695
76$20,587,202$11,199,860$9,303,826$18,604,763
77$22,626,259$11,687,816$9,554,667$20,209,609
78$24,871,383$12,197,765$9,811,994$21,966,955
79$27,343,534$12,730,724$10,075,966$23,891,904
80$30,065,805$13,287,760$10,346,741$26,001,079
81$33,063,644$13,869,988$10,624,484$28,312,780
82$36,365,093$14,478,575$10,909,362$30,847,152
83$40,001,052$15,114,745$11,201,545$33,626,371
84$44,005,571$15,779,779$11,501,208$36,674,856
85$48,416,170$16,475,018$11,808,529$40,019,490
86$53,274,194$17,201,869$12,123,689$43,689,874
87$58,625,202$17,961,801$12,446,874$47,718,600
88$64,519,401$18,756,357$12,778,272$52,141,561
89$71,012,112$19,587,151$13,118,076$56,998,280
90$78,164,299$20,455,873$13,466,484$62,332,282
91$86,043,142$21,364,295$13,823,695$68,191,500
92$94,722,668$22,314,271$14,189,914$74,628,724
93$104,284,454$23,307,744$14,565,350$81,702,096
94$114,818,394$24,346,749$14,950,215$89,475,650
95$126,423,550$25,433,420$15,344,727$98,019,917
96$139,209,082$26,569,987$15,749,106$107,412,581
97$153,295,284$27,758,792$16,163,576$117,739,212
98$168,814,715$29,002,286$16,588,368$129,094,062
99$185,913,453$30,303,034$17,023,715$141,580,957
100$204,752,470$31,663,728$17,469,855$155,314,262