Can I retire at age 65 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$569,796$564,720$559,768$554,935$550,216$545,378
2 years$282,077$276,824$271,732$266,796$262,007$257,132
3 years$186,183$180,907$175,829$170,939$166,228$161,467
4 years$138,246$132,986$127,958$123,152$118,555$113,945
5 years$109,491$104,263$99,301$94,592$90,124$85,677
6 years$90,327$85,138$80,250$75,646$71,312$67,035
7 years$76,644$71,499$66,688$62,193$57,996$53,890
8 years$66,387$61,288$56,557$52,172$48,113$44,179
9 years$58,413$53,362$48,712$44,439$40,518$36,755
10 years$52,037$47,036$42,468$38,307$34,524$30,928
11 years$46,825$41,873$37,389$33,338$29,691$26,261
12 years$42,484$37,583$33,181$29,242$25,730$22,462
13 years$38,814$33,964$29,645$25,817$22,437$19,327
14 years$35,670$30,873$26,637$22,917$19,668$16,713
15 years$32,949$28,203$24,049$20,438$17,317$14,512
16 years$30,570$25,875$21,804$18,300$15,305$12,645
17 years$28,473$23,830$19,841$16,442$13,571$11,052
18 years$26,611$22,020$18,112$14,818$12,066$9,684
19 years$24,947$20,408$16,581$13,389$10,755$8,504
20 years$23,451$18,964$15,217$12,127$9,607$7,482
21 years$22,099$17,665$13,997$11,006$8,597$6,594
22 years$20,872$16,489$12,900$10,007$7,706$5,819
23 years$19,754$15,422$11,911$9,113$6,917$5,142
24 years$18,730$14,449$11,016$8,312$6,217$4,549
25 years$17,789$13,560$10,203$7,591$5,595$4,028
26 years$16,922$12,744$9,463$6,941$5,039$3,570
27 years$16,121$11,994$8,787$6,353$4,543$3,166
28 years$15,379$11,302$8,168$5,821$4,100$2,810
29 years$14,688$10,662$7,601$5,338$3,702$2,495
30 years$14,045$10,069$7,080$4,899$3,345$2,216
31 years$13,445$9,519$6,601$4,499$3,024$1,970
32 years$12,883$9,006$6,159$4,135$2,736$1,752
33 years$12,357$8,529$5,750$3,802$2,476$1,558
34 years$11,862$8,084$5,373$3,498$2,241$1,387
35 years$11,397$7,667$5,023$3,220$2,030$1,234
36 years$10,959$7,277$4,699$2,966$1,839$1,099
37 years$10,545$6,912$4,398$2,733$1,667$978
38 years$10,154$6,569$4,119$2,519$1,511$871
39 years$9,784$6,246$3,859$2,322$1,371$776
40 years$9,433$5,943$3,617$2,142$1,243$691
41 years$9,101$5,657$3,392$1,976$1,128$616
42 years$8,785$5,388$3,181$1,824$1,023$549
43 years$8,484$5,133$2,985$1,684$929$489
44 years$8,198$4,893$2,802$1,555$843$436
45 years$7,926$4,666$2,631$1,436$765$389
46 years$7,666$4,451$2,471$1,326$695$347
47 years$7,418$4,248$2,322$1,225$631$309
48 years$7,180$4,055$2,182$1,132$573$276
49 years$6,954$3,872$2,051$1,046$520$246
50 years$6,737$3,699$1,928$967$473$219

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,900,000, adding $4,662 every year, while hoping to spend $31,188 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: 69/13/18 Blend
64$6,900,000$6,900,000$6,900,000$6,900,000
65$7,608,609$7,242,909$7,135,959$8,100,254
66$8,351,503$7,564,628$7,341,830$8,750,452
67$9,169,127$7,901,065$7,553,552$9,457,510
68$10,069,071$8,252,910$7,771,289$10,230,385
69$11,059,697$8,620,883$7,995,207$11,075,565
70$12,150,219$9,005,740$8,225,480$12,000,192
71$13,350,792$9,408,271$8,462,284$13,012,127
72$14,672,602$9,829,306$8,705,799$14,120,024
73$16,127,977$10,269,712$8,956,214$15,333,409
74$17,730,503$10,730,399$9,213,719$16,662,773
75$19,495,146$11,212,321$9,478,510$18,119,662
76$21,438,401$11,716,475$9,750,790$19,716,792
77$23,578,442$12,243,906$10,030,766$21,468,165
78$25,935,298$12,795,712$10,318,651$23,389,197
79$28,531,036$13,373,040$10,614,664$25,496,867
80$31,389,975$13,977,092$10,919,029$27,809,873
81$34,538,912$14,609,130$11,231,976$30,348,803
82$38,007,376$15,270,472$11,553,742$33,136,338
83$41,827,907$15,962,504$11,884,571$36,197,451
84$46,036,361$16,686,674$12,224,712$39,559,654
85$50,672,251$17,444,502$12,574,420$43,253,244
86$55,779,117$18,237,579$12,933,960$47,311,596
87$61,404,939$19,067,573$13,303,600$51,771,470
88$67,602,591$19,936,232$13,683,619$56,673,360
89$74,430,335$20,845,387$14,074,300$62,061,871
90$81,952,376$21,796,957$14,475,935$67,986,139
91$90,239,464$22,792,955$14,888,825$74,500,292
92$99,369,566$23,835,486$15,313,278$81,663,957
93$109,428,597$24,926,760$15,749,608$89,542,825
94$120,511,234$26,069,092$16,198,140$98,209,261
95$132,721,810$27,264,907$16,659,207$107,742,990
96$146,175,294$28,516,747$17,133,150$118,231,844
97$160,998,384$29,827,277$17,620,320$129,772,589
98$177,330,694$31,199,289$18,121,077$142,471,835
99$195,326,081$32,635,710$18,635,788$156,447,037
100$215,154,088$34,139,606$19,164,834$171,827,602