Can I retire at age 65 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$561,538$556,536$551,656$546,893$542,242$525,937
2 years$277,989$272,812$267,794$262,929$258,210$241,922
3 years$183,485$178,285$173,280$168,461$163,819$148,056
4 years$136,242$131,059$126,104$121,367$116,837$101,721
5 years$107,904$102,752$97,862$93,221$88,818$74,390
6 years$89,018$83,904$79,087$74,550$70,279$56,551
7 years$75,534$70,463$65,722$61,292$57,155$44,128
8 years$65,425$60,400$55,737$51,416$47,416$35,081
9 years$57,566$52,589$48,006$43,795$39,931$28,275
10 years$51,283$46,354$41,853$37,752$34,023$23,030
11 years$46,146$41,267$36,847$32,855$29,261$18,911
12 years$41,868$37,039$32,701$28,819$25,357$15,630
13 years$38,251$33,472$29,216$25,442$22,112$12,984
14 years$35,153$30,425$26,250$22,585$19,383$10,832
15 years$32,471$27,794$23,701$20,142$17,066$9,068
16 years$30,127$25,500$21,488$18,035$15,083$7,612
17 years$28,060$23,485$19,553$16,204$13,374$6,405
18 years$26,225$21,701$17,850$14,603$11,891$5,400
19 years$24,585$20,112$16,341$13,195$10,599$4,559
20 years$23,111$18,689$14,997$11,951$9,467$3,855
21 years$21,779$17,408$13,794$10,846$8,472$3,263
22 years$20,570$16,250$12,713$9,862$7,594$2,765
23 years$19,467$15,198$11,738$8,981$6,817$2,345
24 years$18,458$14,240$10,856$8,191$6,127$1,990
25 years$17,531$13,364$10,055$7,481$5,514$1,689
26 years$16,677$12,560$9,325$6,840$4,966$1,435
27 years$15,888$11,820$8,659$6,261$4,478$1,220
28 years$15,156$11,138$8,050$5,736$4,040$1,037
29 years$14,476$10,507$7,491$5,260$3,648$882
30 years$13,842$9,923$6,978$4,828$3,296$750
31 years$13,250$9,381$6,505$4,434$2,980$638
32 years$12,697$8,876$6,070$4,075$2,696$543
33 years$12,178$8,406$5,667$3,747$2,440$462
34 years$11,690$7,967$5,295$3,448$2,209$393
35 years$11,232$7,556$4,950$3,174$2,001$335
36 years$10,800$7,172$4,631$2,923$1,813$285
37 years$10,392$6,812$4,335$2,693$1,643$243
38 years$10,007$6,474$4,059$2,482$1,489$207
39 years$9,642$6,156$3,803$2,289$1,351$176
40 years$9,297$5,857$3,565$2,111$1,225$150
41 years$8,969$5,575$3,342$1,948$1,111$128
42 years$8,657$5,309$3,135$1,798$1,009$109
43 years$8,361$5,059$2,942$1,659$915$93
44 years$8,079$4,822$2,762$1,532$831$79
45 years$7,811$4,598$2,593$1,415$754$67
46 years$7,555$4,387$2,435$1,307$685$57
47 years$7,310$4,186$2,288$1,208$622$49
48 years$7,076$3,996$2,150$1,116$565$41
49 years$6,853$3,816$2,021$1,031$513$35
50 years$6,639$3,645$1,900$953$466$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,800,000, adding $2,512 every year, while hoping to spend $21,411 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: 35/37/28 Blend
64$6,800,000$6,800,000$6,800,000$6,800,000
65$7,496,191$7,135,791$7,030,391$7,695,186
66$8,238,021$7,462,664$7,243,128$8,171,345
67$9,054,801$7,804,836$7,462,274$8,682,646
68$9,954,152$8,163,034$7,688,021$9,233,926
69$10,944,473$8,538,020$7,920,568$9,828,779
70$12,035,019$8,930,593$8,160,117$10,471,142
71$13,235,988$9,341,589$8,406,878$11,165,336
72$14,558,619$9,771,887$8,661,068$11,916,096
73$16,015,293$10,222,404$8,922,909$12,728,621
74$17,619,656$10,694,106$9,192,630$13,608,614
75$19,386,745$11,188,001$9,470,467$14,562,334
76$21,333,129$11,705,148$9,756,663$15,596,654
77$23,477,064$12,246,657$10,051,468$16,719,118
78$25,838,672$12,813,691$10,355,139$17,938,013
79$28,440,123$13,407,468$10,667,943$19,262,440
80$31,305,848$14,029,266$10,990,151$20,702,397
81$34,462,769$14,680,424$11,322,046$22,268,870
82$37,940,553$15,362,347$11,663,916$23,973,928
83$41,771,893$16,076,505$12,016,060$25,830,840
84$45,992,813$16,824,441$12,378,786$27,854,188
85$50,643,013$17,607,772$12,752,408$30,060,002
86$55,766,240$18,428,192$13,137,253$32,465,909
87$61,410,702$19,287,479$13,533,657$35,091,288
88$67,629,522$20,187,494$13,941,963$37,957,453
89$74,481,243$21,130,191$14,362,528$41,087,843
90$82,030,374$22,117,615$14,795,717$44,508,241
91$90,348,006$23,151,912$15,241,908$48,247,008
92$99,512,479$24,235,331$15,701,488$52,335,344
93$109,610,120$25,370,231$16,174,856$56,807,578
94$120,736,063$26,559,083$16,662,424$61,701,481
95$132,995,142$27,804,479$17,164,616$67,058,615
96$146,502,884$29,109,135$17,681,868$72,924,721
97$161,386,595$30,475,900$18,214,627$79,350,136
98$177,786,568$31,907,759$18,763,357$86,390,263
99$195,857,402$33,407,844$19,328,534$94,106,085
100$215,769,464$34,979,435$19,910,647$102,564,727