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%15.2%
1 years$553,280$548,351$543,543$538,850$534,267$522,839
2 years$273,901$268,800$263,856$259,063$254,413$242,955
3 years$180,787$175,664$170,732$165,984$161,410$150,280
4 years$134,239$129,131$124,249$119,582$115,119$104,402
5 years$106,317$101,241$96,423$91,850$87,512$77,239
6 years$87,709$82,671$77,924$73,454$69,245$59,427
7 years$74,423$69,427$64,755$60,390$56,315$46,953
8 years$64,463$59,511$54,917$50,660$46,718$37,810
9 years$56,720$51,815$47,300$43,151$39,344$30,883
10 years$50,529$45,673$41,238$37,197$33,523$25,501
11 years$45,467$40,660$36,305$32,372$28,831$21,237
12 years$41,252$36,494$32,220$28,395$24,984$17,807
13 years$37,689$32,980$28,786$25,068$21,787$15,013
14 years$34,636$29,978$25,864$22,253$19,098$12,716
15 years$31,994$27,385$23,352$19,846$16,815$10,810
16 years$29,684$25,125$21,172$17,770$14,862$9,218
17 years$27,647$23,140$19,266$15,966$13,177$7,881
18 years$25,839$21,382$17,587$14,388$11,717$6,753
19 years$24,224$19,817$16,100$13,001$10,443$5,797
20 years$22,771$18,415$14,776$11,775$9,328$4,984
21 years$21,459$17,152$13,591$10,687$8,348$4,291
22 years$20,267$16,011$12,526$9,717$7,482$3,698
23 years$19,181$14,975$11,566$8,849$6,717$3,191
24 years$18,187$14,031$10,696$8,071$6,037$2,755
25 years$17,274$13,167$9,907$7,371$5,432$2,381
26 years$16,432$12,375$9,188$6,739$4,893$2,059
27 years$15,654$11,646$8,532$6,169$4,412$1,781
28 years$14,933$10,974$7,932$5,652$3,981$1,541
29 years$14,263$10,353$7,381$5,183$3,595$1,335
30 years$13,638$9,777$6,875$4,757$3,248$1,156
31 years$13,055$9,243$6,410$4,369$2,936$1,001
32 years$12,510$8,745$5,980$4,015$2,656$868
33 years$11,999$8,282$5,584$3,692$2,404$752
34 years$11,519$7,850$5,217$3,397$2,176$652
35 years$11,067$7,445$4,878$3,127$1,971$566
36 years$10,641$7,067$4,563$2,880$1,786$490
37 years$10,239$6,712$4,271$2,654$1,619$425
38 years$9,860$6,378$3,999$2,446$1,468$369
39 years$9,500$6,065$3,747$2,255$1,331$320
40 years$9,160$5,771$3,512$2,080$1,207$278
41 years$8,837$5,493$3,293$1,919$1,095$241
42 years$8,530$5,231$3,089$1,771$994$209
43 years$8,238$4,984$2,899$1,635$902$181
44 years$7,961$4,751$2,721$1,510$819$157
45 years$7,696$4,531$2,555$1,394$743$137
46 years$7,444$4,322$2,400$1,288$675$119
47 years$7,203$4,125$2,254$1,190$613$103
48 years$6,972$3,938$2,119$1,099$556$89
49 years$6,752$3,760$1,991$1,016$505$78
50 years$6,542$3,592$1,872$939$459$67

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 $2,443 every year, while hoping to spend $55,693 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: 42/30/28 Blend
64$6,700,000$6,700,000$6,700,000$6,700,000
65$7,385,920$7,030,820$6,926,970$7,635,456
66$8,080,027$7,316,073$7,099,767$8,100,624
67$8,843,066$7,613,437$7,276,485$8,598,633
68$9,682,010$7,923,447$7,457,199$9,136,914
69$10,604,540$8,246,661$7,641,980$9,719,218
70$11,619,120$8,583,664$7,830,903$10,349,668
71$12,735,073$8,935,066$8,024,041$11,032,794
72$13,962,674$9,301,508$8,221,470$11,773,574
73$15,313,242$9,683,657$8,423,265$12,577,479
74$16,799,249$10,082,213$8,629,500$13,450,524
75$18,434,436$10,497,905$8,840,252$14,399,320
76$20,233,945$10,931,499$9,055,597$15,431,138
77$22,214,458$11,383,793$9,275,610$16,553,973
78$24,394,359$11,855,624$9,500,369$17,776,620
79$26,793,900$12,347,867$9,729,948$19,108,750
80$29,435,402$12,861,437$9,964,425$20,561,003
81$32,343,455$13,397,289$10,203,876$22,145,084
82$35,545,158$13,956,426$10,448,376$23,873,872
83$39,070,368$14,539,895$10,698,000$25,761,540
84$42,951,987$15,148,792$10,952,825$27,823,681
85$47,226,269$15,784,262$11,212,924$30,077,458
86$51,933,163$16,447,506$11,478,372$32,541,760
87$57,116,690$17,139,777$11,749,241$35,237,378
88$62,825,356$17,862,390$12,025,604$38,187,197
89$69,112,613$18,616,718$12,307,533$41,416,409
90$76,037,361$19,404,199$12,595,097$44,952,750
91$83,664,504$20,226,336$12,888,365$48,826,752
92$92,065,562$21,084,706$13,187,404$53,072,035
93$101,319,348$21,980,955$13,492,280$57,725,611
94$111,512,708$22,916,808$13,803,058$62,828,240
95$122,741,342$23,894,069$14,119,798$68,424,801
96$135,110,708$24,914,628$14,442,561$74,564,717
97$148,737,017$25,980,462$14,771,403$81,302,412
98$163,748,327$27,093,639$15,106,380$88,697,826
99$180,285,755$28,256,326$15,447,542$96,816,970
100$198,504,807$29,470,790$15,794,940$105,732,545