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%15.5%
1 years$561,538$556,536$551,656$546,893$542,242$529,994
2 years$277,989$272,812$267,794$262,929$258,210$245,937
3 years$183,485$178,285$173,280$168,461$163,819$151,903
4 years$136,242$131,059$126,104$121,367$116,837$105,370
5 years$107,904$102,752$97,862$93,221$88,818$77,832
6 years$89,018$83,904$79,087$74,550$70,279$59,786
7 years$75,534$70,463$65,722$61,292$57,155$47,157
8 years$65,425$60,400$55,737$51,416$47,416$37,908
9 years$57,566$52,589$48,006$43,795$39,931$30,907
10 years$51,283$46,354$41,853$37,752$34,023$25,473
11 years$46,146$41,267$36,847$32,855$29,261$21,174
12 years$41,868$37,039$32,701$28,819$25,357$17,719
13 years$38,251$33,472$29,216$25,442$22,112$14,910
14 years$35,153$30,425$26,250$22,585$19,383$12,602
15 years$32,471$27,794$23,701$20,142$17,066$10,691
16 years$30,127$25,500$21,488$18,035$15,083$9,097
17 years$28,060$23,485$19,553$16,204$13,374$7,761
18 years$26,225$21,701$17,850$14,603$11,891$6,635
19 years$24,585$20,112$16,341$13,195$10,599$5,683
20 years$23,111$18,689$14,997$11,951$9,467$4,875
21 years$21,779$17,408$13,794$10,846$8,472$4,188
22 years$20,570$16,250$12,713$9,862$7,594$3,601
23 years$19,467$15,198$11,738$8,981$6,817$3,100
24 years$18,458$14,240$10,856$8,191$6,127$2,670
25 years$17,531$13,364$10,055$7,481$5,514$2,302
26 years$16,677$12,560$9,325$6,840$4,966$1,985
27 years$15,888$11,820$8,659$6,261$4,478$1,713
28 years$15,156$11,138$8,050$5,736$4,040$1,479
29 years$14,476$10,507$7,491$5,260$3,648$1,278
30 years$13,842$9,923$6,978$4,828$3,296$1,104
31 years$13,250$9,381$6,505$4,434$2,980$954
32 years$12,697$8,876$6,070$4,075$2,696$825
33 years$12,178$8,406$5,667$3,747$2,440$713
34 years$11,690$7,967$5,295$3,448$2,209$617
35 years$11,232$7,556$4,950$3,174$2,001$533
36 years$10,800$7,172$4,631$2,923$1,813$461
37 years$10,392$6,812$4,335$2,693$1,643$399
38 years$10,007$6,474$4,059$2,482$1,489$345
39 years$9,642$6,156$3,803$2,289$1,351$299
40 years$9,297$5,857$3,565$2,111$1,225$259
41 years$8,969$5,575$3,342$1,948$1,111$224
42 years$8,657$5,309$3,135$1,798$1,009$194
43 years$8,361$5,059$2,942$1,659$915$168
44 years$8,079$4,822$2,762$1,532$831$145
45 years$7,811$4,598$2,593$1,415$754$126
46 years$7,555$4,387$2,435$1,307$685$109
47 years$7,310$4,186$2,288$1,208$622$94
48 years$7,076$3,996$2,150$1,116$565$81
49 years$6,853$3,816$2,021$1,031$513$71
50 years$6,639$3,645$1,900$953$466$61

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 $2,684 every year, while hoping to spend $47,131 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: 42/37/21 Blend
64$6,800,000$6,800,000$6,800,000$6,800,000
65$7,496,369$7,135,969$7,030,569$7,764,994
66$8,210,851$7,435,484$7,215,946$8,255,768
67$8,996,631$7,748,096$7,405,953$8,782,138
68$9,860,932$8,074,397$7,600,696$9,351,195
69$10,811,710$8,415,005$7,800,283$9,966,885
70$11,857,734$8,770,570$8,004,822$10,633,542
71$13,008,664$9,141,770$8,214,425$11,355,925
72$14,275,145$9,529,313$8,429,205$12,139,260
73$15,668,903$9,933,943$8,649,277$12,989,290
74$17,202,863$10,356,438$8,874,760$13,912,321
75$18,891,262$10,797,610$9,105,771$14,915,287
76$20,749,789$11,258,312$9,342,433$16,005,806
77$22,795,732$11,739,434$9,584,869$17,192,252
78$25,048,140$12,241,909$9,833,205$18,483,831
79$27,528,001$12,766,713$10,087,568$19,890,664
80$30,258,444$13,314,869$10,348,089$21,423,880
81$33,264,954$13,887,446$10,614,898$23,095,720
82$36,575,612$14,485,564$10,888,130$24,919,645
83$40,221,363$15,110,395$11,167,921$26,910,461
84$44,236,304$15,763,167$11,454,409$29,084,457
85$48,658,009$16,445,164$11,747,733$31,459,551
86$53,527,880$17,157,731$12,048,036$34,055,461
87$58,891,541$17,902,277$12,355,462$36,893,880
88$64,799,265$18,680,275$12,670,157$39,998,682
89$71,306,452$19,493,271$12,992,270$43,396,138
90$78,474,148$20,342,879$13,321,949$47,115,164
91$86,369,624$21,230,793$13,659,347$51,187,586
92$95,067,009$22,158,785$14,004,618$55,648,434
93$104,647,989$23,128,711$14,357,918$60,536,271
94$115,202,579$24,142,513$14,719,404$65,893,548
95$126,829,974$25,202,228$15,089,235$71,767,001
96$139,639,480$26,309,985$15,467,573$78,208,083
97$153,751,549$27,468,017$15,854,580$85,273,447
98$169,298,919$28,678,662$16,250,420$93,025,471
99$186,427,859$29,944,366$16,655,259$101,532,841
100$205,299,555$31,267,694$17,069,264$110,871,193