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%17.5%
1 years$553,280$548,351$543,543$538,850$534,267$517,995
2 years$273,901$268,800$263,856$259,063$254,413$238,159
3 years$180,787$175,664$170,732$165,984$161,410$145,683
4 years$134,239$129,131$124,249$119,582$115,119$100,040
5 years$106,317$101,241$96,423$91,850$87,512$73,122
6 years$87,709$82,671$77,924$73,454$69,245$55,557
7 years$74,423$69,427$64,755$60,390$56,315$43,328
8 years$64,463$59,511$54,917$50,660$46,718$34,424
9 years$56,720$51,815$47,300$43,151$39,344$27,729
10 years$50,529$45,673$41,238$37,197$33,523$22,571
11 years$45,467$40,660$36,305$32,372$28,831$18,522
12 years$41,252$36,494$32,220$28,395$24,984$15,298
13 years$37,689$32,980$28,786$25,068$21,787$12,700
14 years$34,636$29,978$25,864$22,253$19,098$10,588
15 years$31,994$27,385$23,352$19,846$16,815$8,857
16 years$29,684$25,125$21,172$17,770$14,862$7,430
17 years$27,647$23,140$19,266$15,966$13,177$6,247
18 years$25,839$21,382$17,587$14,388$11,717$5,262
19 years$24,224$19,817$16,100$13,001$10,443$4,440
20 years$22,771$18,415$14,776$11,775$9,328$3,752
21 years$21,459$17,152$13,591$10,687$8,348$3,173
22 years$20,267$16,011$12,526$9,717$7,482$2,687
23 years$19,181$14,975$11,566$8,849$6,717$2,276
24 years$18,187$14,031$10,696$8,071$6,037$1,930
25 years$17,274$13,167$9,907$7,371$5,432$1,638
26 years$16,432$12,375$9,188$6,739$4,893$1,390
27 years$15,654$11,646$8,532$6,169$4,412$1,180
28 years$14,933$10,974$7,932$5,652$3,981$1,002
29 years$14,263$10,353$7,381$5,183$3,595$852
30 years$13,638$9,777$6,875$4,757$3,248$724
31 years$13,055$9,243$6,410$4,369$2,936$615
32 years$12,510$8,745$5,980$4,015$2,656$523
33 years$11,999$8,282$5,584$3,692$2,404$445
34 years$11,519$7,850$5,217$3,397$2,176$378
35 years$11,067$7,445$4,878$3,127$1,971$322
36 years$10,641$7,067$4,563$2,880$1,786$274
37 years$10,239$6,712$4,271$2,654$1,619$233
38 years$9,860$6,378$3,999$2,446$1,468$198
39 years$9,500$6,065$3,747$2,255$1,331$169
40 years$9,160$5,771$3,512$2,080$1,207$143
41 years$8,837$5,493$3,293$1,919$1,095$122
42 years$8,530$5,231$3,089$1,771$994$104
43 years$8,238$4,984$2,899$1,635$902$88
44 years$7,961$4,751$2,721$1,510$819$75
45 years$7,696$4,531$2,555$1,394$743$64
46 years$7,444$4,322$2,400$1,288$675$54
47 years$7,203$4,125$2,254$1,190$613$46
48 years$6,972$3,938$2,119$1,099$556$39
49 years$6,752$3,760$1,991$1,016$505$34
50 years$6,542$3,592$1,872$939$459$29

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 $4,988 every year, while hoping to spend $29,772 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: 70/18/12 Blend
64$6,700,000$6,700,000$6,700,000$6,700,000
65$7,388,545$7,033,445$6,929,595$7,886,554
66$8,110,500$7,346,407$7,130,059$8,530,526
67$8,905,095$7,673,706$7,336,241$9,230,933
68$9,779,711$8,016,013$7,548,301$9,996,632
69$10,742,476$8,374,032$7,766,403$10,834,048
70$11,802,347$8,748,498$7,990,717$11,750,251
71$12,969,196$9,140,184$8,221,415$12,753,023
72$14,253,898$9,549,897$8,458,677$13,850,928
73$15,668,437$9,978,484$8,702,684$15,053,392
74$17,226,020$10,426,832$8,953,627$16,370,795
75$18,941,198$10,895,871$9,211,697$17,814,561
76$20,830,005$11,386,573$9,477,093$19,397,266
77$22,910,109$11,899,959$9,750,020$21,132,759
78$25,200,980$12,437,097$10,030,685$23,036,286
79$27,724,073$12,999,107$10,319,306$25,124,635
80$30,503,028$13,587,163$10,616,102$27,416,292
81$33,563,895$14,202,492$10,921,300$29,931,612
82$36,935,383$14,846,384$11,235,134$32,693,013
83$40,649,123$15,520,188$11,557,842$35,725,180
84$44,739,974$16,225,318$11,889,670$39,055,301
85$49,246,348$16,963,255$12,230,870$42,713,317
86$54,210,573$17,735,553$12,581,702$46,732,208
87$59,679,294$18,543,837$12,942,432$51,148,293
88$65,703,910$19,389,814$13,313,332$56,001,580
89$72,341,064$20,275,269$13,694,683$61,336,133
90$79,653,170$21,202,075$14,086,773$67,200,490
91$87,709,011$22,172,194$14,489,897$73,648,116
92$96,584,381$23,187,683$14,904,360$80,737,905
93$106,362,804$24,250,695$15,330,472$88,534,734
94$117,136,321$25,363,490$15,768,554$97,110,067
95$129,006,359$26,528,434$16,218,933$106,542,636
96$142,084,687$27,748,008$16,681,947$116,919,168
97$156,494,475$29,024,810$17,157,943$128,335,210
98$172,371,452$30,361,566$17,647,274$140,896,023
99$189,865,188$31,761,131$18,150,306$154,717,570
100$209,140,509$33,226,498$18,667,412$169,927,608