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%19.8%
1 years$569,796$564,720$559,768$554,935$550,216$528,594
2 years$282,077$276,824$271,732$266,796$262,007$240,489
3 years$186,183$180,907$175,829$170,939$166,228$145,490
4 years$138,246$132,986$127,958$123,152$118,555$98,755
5 years$109,491$104,263$99,301$94,592$90,124$71,312
6 years$90,327$85,138$80,250$75,646$71,312$53,501
7 years$76,644$71,499$66,688$62,193$57,996$41,180
8 years$66,387$61,288$56,557$52,172$48,113$32,275
9 years$58,413$53,362$48,712$44,439$40,518$25,634
10 years$52,037$47,036$42,468$38,307$34,524$20,565
11 years$46,825$41,873$37,389$33,338$29,691$16,626
12 years$42,484$37,583$33,181$29,242$25,730$13,523
13 years$38,814$33,964$29,645$25,817$22,437$11,052
14 years$35,670$30,873$26,637$22,917$19,668$9,067
15 years$32,949$28,203$24,049$20,438$17,317$7,462
16 years$30,570$25,875$21,804$18,300$15,305$6,156
17 years$28,473$23,830$19,841$16,442$13,571$5,089
18 years$26,611$22,020$18,112$14,818$12,066$4,214
19 years$24,947$20,408$16,581$13,389$10,755$3,494
20 years$23,451$18,964$15,217$12,127$9,607$2,901
21 years$22,099$17,665$13,997$11,006$8,597$2,410
22 years$20,872$16,489$12,900$10,007$7,706$2,004
23 years$19,754$15,422$11,911$9,113$6,917$1,668
24 years$18,730$14,449$11,016$8,312$6,217$1,389
25 years$17,789$13,560$10,203$7,591$5,595$1,156
26 years$16,922$12,744$9,463$6,941$5,039$964
27 years$16,121$11,994$8,787$6,353$4,543$803
28 years$15,379$11,302$8,168$5,821$4,100$670
29 years$14,688$10,662$7,601$5,338$3,702$558
30 years$14,045$10,069$7,080$4,899$3,345$466
31 years$13,445$9,519$6,601$4,499$3,024$388
32 years$12,883$9,006$6,159$4,135$2,736$324
33 years$12,357$8,529$5,750$3,802$2,476$270
34 years$11,862$8,084$5,373$3,498$2,241$226
35 years$11,397$7,667$5,023$3,220$2,030$188
36 years$10,959$7,277$4,699$2,966$1,839$157
37 years$10,545$6,912$4,398$2,733$1,667$131
38 years$10,154$6,569$4,119$2,519$1,511$109
39 years$9,784$6,246$3,859$2,322$1,371$91
40 years$9,433$5,943$3,617$2,142$1,243$76
41 years$9,101$5,657$3,392$1,976$1,128$64
42 years$8,785$5,388$3,181$1,824$1,023$53
43 years$8,484$5,133$2,985$1,684$929$44
44 years$8,198$4,893$2,802$1,555$843$37
45 years$7,926$4,666$2,631$1,436$765$31
46 years$7,666$4,451$2,471$1,326$695$26
47 years$7,418$4,248$2,322$1,225$631$21
48 years$7,180$4,055$2,182$1,132$573$18
49 years$6,954$3,872$2,051$1,046$520$15
50 years$6,737$3,699$1,928$967$473$13

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 $4,533 every year, while hoping to spend $34,341 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: 58/18/24 Blend
64$6,900,000$6,900,000$6,900,000$6,900,000
65$7,608,476$7,242,776$7,135,826$8,000,229
66$8,348,002$7,561,133$7,338,337$8,586,381
67$9,161,808$7,893,939$7,546,482$9,221,090
68$10,057,436$8,241,866$7,760,413$9,912,388
69$11,043,193$8,605,616$7,980,285$10,665,758
70$12,128,234$8,985,926$8,206,260$11,487,230
71$13,322,647$9,383,569$8,438,502$12,383,438
72$14,637,545$9,799,352$8,677,180$13,361,681
73$16,085,177$10,234,123$8,922,468$14,429,989
74$17,679,037$10,688,767$9,174,543$15,597,200
75$19,433,996$11,164,213$9,433,587$16,873,038
76$21,366,439$11,661,435$9,699,788$18,268,208
77$23,494,421$12,181,451$9,973,336$19,794,489
78$25,837,839$12,725,330$10,254,430$21,464,849
79$28,418,616$13,294,188$10,543,271$23,293,561
80$31,260,910$13,889,198$10,840,065$25,296,339
81$34,391,340$14,511,586$11,145,025$27,490,482
82$37,839,242$15,162,639$11,458,368$29,895,035
83$41,636,939$15,843,703$11,780,318$32,530,970
84$45,820,052$16,556,189$12,111,104$35,421,376
85$50,427,830$17,301,575$12,450,959$38,591,678
86$55,503,527$18,081,411$12,800,124$42,069,874
87$61,094,805$18,897,318$13,158,846$45,886,795
88$67,254,186$19,750,997$13,527,378$50,076,395
89$74,039,546$20,644,230$13,905,979$54,676,067
90$81,514,665$21,578,882$14,294,914$59,726,995
91$89,749,822$22,556,909$14,694,456$65,274,536
92$98,822,467$23,580,360$15,104,882$71,368,648
93$108,817,943$24,651,382$15,526,481$78,064,356
94$119,830,299$25,772,226$15,959,544$85,422,270
95$131,963,172$26,945,248$16,404,371$93,509,151
96$145,330,770$28,172,919$16,861,271$102,398,538
97$160,058,943$29,457,827$17,330,559$112,171,438
98$176,286,381$30,802,685$17,812,558$122,917,087
99$194,165,911$32,210,337$18,307,598$134,733,786
100$213,865,951$33,683,760$18,816,020$147,729,828