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%17.8%
1 years$569,796$564,720$559,768$554,935$550,216$532,816
2 years$282,077$276,824$271,732$266,796$262,007$244,636
3 years$186,183$180,907$175,829$170,939$166,228$149,429
4 years$138,246$132,986$127,958$123,152$118,555$102,457
5 years$109,491$104,263$99,301$94,592$90,124$74,770
6 years$90,327$85,138$80,250$75,646$71,312$56,716
7 years$76,644$71,499$66,688$62,193$57,996$44,156
8 years$66,387$61,288$56,557$52,172$48,113$35,020
9 years$58,413$53,362$48,712$44,439$40,518$28,157
10 years$52,037$47,036$42,468$38,307$34,524$22,876
11 years$46,825$41,873$37,389$33,338$29,691$18,737
12 years$42,484$37,583$33,181$29,242$25,730$15,445
13 years$38,814$33,964$29,645$25,817$22,437$12,796
14 years$35,670$30,873$26,637$22,917$19,668$10,645
15 years$32,949$28,203$24,049$20,438$17,317$8,886
16 years$30,570$25,875$21,804$18,300$15,305$7,438
17 years$28,473$23,830$19,841$16,442$13,571$6,240
18 years$26,611$22,020$18,112$14,818$12,066$5,245
19 years$24,947$20,408$16,581$13,389$10,755$4,416
20 years$23,451$18,964$15,217$12,127$9,607$3,722
21 years$22,099$17,665$13,997$11,006$8,597$3,141
22 years$20,872$16,489$12,900$10,007$7,706$2,653
23 years$19,754$15,422$11,911$9,113$6,917$2,243
24 years$18,730$14,449$11,016$8,312$6,217$1,897
25 years$17,789$13,560$10,203$7,591$5,595$1,606
26 years$16,922$12,744$9,463$6,941$5,039$1,360
27 years$16,121$11,994$8,787$6,353$4,543$1,152
28 years$15,379$11,302$8,168$5,821$4,100$976
29 years$14,688$10,662$7,601$5,338$3,702$827
30 years$14,045$10,069$7,080$4,899$3,345$701
31 years$13,445$9,519$6,601$4,499$3,024$595
32 years$12,883$9,006$6,159$4,135$2,736$504
33 years$12,357$8,529$5,750$3,802$2,476$428
34 years$11,862$8,084$5,373$3,498$2,241$363
35 years$11,397$7,667$5,023$3,220$2,030$308
36 years$10,959$7,277$4,699$2,966$1,839$261
37 years$10,545$6,912$4,398$2,733$1,667$222
38 years$10,154$6,569$4,119$2,519$1,511$188
39 years$9,784$6,246$3,859$2,322$1,371$160
40 years$9,433$5,943$3,617$2,142$1,243$135
41 years$9,101$5,657$3,392$1,976$1,128$115
42 years$8,785$5,388$3,181$1,824$1,023$98
43 years$8,484$5,133$2,985$1,684$929$83
44 years$8,198$4,893$2,802$1,555$843$70
45 years$7,926$4,666$2,631$1,436$765$60
46 years$7,666$4,451$2,471$1,326$695$51
47 years$7,418$4,248$2,322$1,225$631$43
48 years$7,180$4,055$2,182$1,132$573$36
49 years$6,954$3,872$2,051$1,046$520$31
50 years$6,737$3,699$1,928$967$473$26

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 $4,971 every year, while hoping to spend $40,884 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: 36/47/17 Blend
64$6,900,000$6,900,000$6,900,000$6,900,000
65$7,608,928$7,243,228$7,136,278$7,843,215
66$8,341,538$7,554,645$7,331,843$8,324,937
67$9,147,504$7,879,953$7,532,589$8,840,426
68$10,034,266$8,219,786$7,738,647$9,396,066
69$11,010,019$8,574,814$7,950,149$9,995,461
70$12,083,795$8,945,734$8,167,234$10,642,564
71$13,265,545$9,333,278$8,390,039$11,341,706
72$14,566,234$9,738,212$8,618,708$12,097,640
73$15,997,942$10,161,336$8,853,387$12,915,580
74$17,573,982$10,603,492$9,094,226$13,801,248
75$19,309,022$11,065,557$9,341,376$14,760,923
76$21,219,225$11,548,451$9,594,994$15,801,498
77$23,322,399$12,053,139$9,855,241$16,930,542
78$25,638,170$12,580,629$10,122,278$18,156,367
79$28,188,162$13,131,979$10,396,272$19,488,101
80$30,996,202$13,708,293$10,677,395$20,935,773
81$34,088,547$14,310,732$10,965,820$22,510,402
82$37,494,130$14,940,508$11,261,726$24,224,095
83$41,244,831$15,598,893$11,565,293$26,090,159
84$45,375,782$16,287,217$11,876,709$28,123,220
85$49,925,695$17,006,874$12,196,162$30,339,357
86$54,937,229$17,759,324$12,523,847$32,756,248
87$60,457,392$18,546,097$12,859,961$35,393,330
88$66,537,984$19,368,793$13,204,707$38,271,978
89$73,236,084$20,229,090$13,558,291$41,415,701
90$80,614,595$21,128,745$13,920,924$44,850,357
91$88,742,829$22,069,599$14,292,820$48,604,388
92$97,697,168$23,053,580$14,674,200$52,709,087
93$107,561,780$24,082,706$15,065,287$57,198,879
94$118,429,417$25,159,094$15,466,309$62,111,644
95$130,402,287$26,284,960$15,877,501$67,489,065
96$143,593,022$27,462,625$16,299,099$73,377,010
97$158,125,738$28,694,521$16,731,346$79,825,962
98$174,137,207$29,983,196$17,174,489$86,891,480
99$191,778,148$31,331,319$17,628,781$94,634,718
100$211,214,653$32,741,687$18,094,479$103,122,993