Can I retire at age 66 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$495,474$491,061$486,755$482,552$478,448$467,452
2 years$245,284$240,716$236,289$231,996$227,833$216,814
3 years$161,899$157,311$152,895$148,642$144,546$133,851
4 years$120,214$115,640$111,268$107,088$103,092$92,801
5 years$95,210$90,663$86,349$82,254$78,369$68,512
6 years$78,545$74,033$69,782$65,779$62,010$52,598
7 years$66,647$62,173$57,990$54,081$50,431$41,464
8 years$57,728$53,294$49,180$45,367$41,837$33,312
9 years$50,794$46,402$42,359$38,643$35,233$27,144
10 years$45,250$40,901$36,929$33,310$30,020$22,358
11 years$40,717$36,412$32,512$28,990$25,819$18,572
12 years$36,942$32,681$28,853$25,428$22,374$15,532
13 years$33,751$29,534$25,779$22,449$19,510$13,061
14 years$31,018$26,846$23,162$19,928$17,103$11,031
15 years$28,651$24,524$20,912$17,772$15,059$9,352
16 years$26,582$22,500$18,960$15,913$13,309$7,952
17 years$24,759$20,722$17,253$14,298$11,801$6,779
18 years$23,140$19,148$15,750$12,885$10,492$5,792
19 years$21,693$17,746$14,418$11,643$9,352$4,957
20 years$20,392$16,491$13,232$10,545$8,354$4,249
21 years$19,217$15,360$12,171$9,570$7,475$3,647
22 years$18,150$14,338$11,218$8,701$6,701$3,134
23 years$17,177$13,410$10,357$7,925$6,015$2,695
24 years$16,287$12,565$9,579$7,228$5,406$2,320
25 years$15,469$11,791$8,872$6,601$4,865$1,998
26 years$14,715$11,082$8,228$6,035$4,382$1,722
27 years$14,018$10,429$7,641$5,524$3,951$1,485
28 years$13,373$9,828$7,103$5,061$3,565$1,281
29 years$12,773$9,271$6,610$4,641$3,219$1,106
30 years$12,213$8,756$6,157$4,260$2,909$954
31 years$11,691$8,277$5,740$3,912$2,630$824
32 years$11,203$7,832$5,355$3,595$2,379$712
33 years$10,745$7,417$5,000$3,306$2,153$615
34 years$10,315$7,029$4,672$3,042$1,949$531
35 years$9,911$6,667$4,368$2,800$1,765$459
36 years$9,529$6,328$4,086$2,579$1,599$397
37 years$9,170$6,010$3,825$2,376$1,450$343
38 years$8,830$5,712$3,582$2,190$1,314$297
39 years$8,508$5,432$3,356$2,020$1,192$256
40 years$8,203$5,168$3,145$1,863$1,081$222
41 years$7,914$4,919$2,949$1,719$981$192
42 years$7,639$4,685$2,766$1,586$890$166
43 years$7,378$4,464$2,596$1,464$808$143
44 years$7,129$4,255$2,437$1,352$733$124
45 years$6,892$4,057$2,288$1,248$666$107
46 years$6,666$3,871$2,149$1,153$604$93
47 years$6,450$3,694$2,019$1,065$549$80
48 years$6,244$3,526$1,897$985$498$69
49 years$6,047$3,367$1,783$910$453$60
50 years$5,858$3,217$1,677$841$411$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $6,000,000, adding $2,530 every year, while hoping to spend $59,783 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: 33/39/28 Blend
65$6,000,000$6,000,000$6,000,000$6,000,000
66$6,614,610$6,296,610$6,203,610$6,776,513
67$7,225,691$6,541,535$6,347,822$7,144,788
68$7,897,099$6,796,458$6,494,862$7,535,919
69$8,634,924$7,061,805$6,644,760$7,956,299
70$9,445,876$7,338,023$6,797,549$8,408,559
71$10,337,345$7,625,576$6,953,257$8,895,587
72$11,317,476$7,924,950$7,111,912$9,420,551
73$12,395,240$8,236,655$7,273,543$9,986,931
74$13,580,523$8,561,219$7,438,176$10,598,545
75$14,884,215$8,899,198$7,605,833$11,259,587
76$16,318,316$9,251,170$7,776,540$11,974,666
77$17,896,047$9,617,739$7,950,316$12,748,843
78$19,631,974$9,999,538$8,127,182$13,587,679
79$21,542,146$10,397,227$8,307,154$14,497,287
80$23,644,250$10,811,496$8,490,248$15,484,383
81$25,957,769$11,243,065$8,676,477$16,556,355
82$28,504,175$11,692,688$8,865,852$17,721,319
83$31,307,123$12,161,152$9,058,380$18,988,205
84$34,392,680$12,649,280$9,254,067$20,366,829
85$37,789,570$13,157,931$9,452,915$21,867,990
86$41,529,441$13,688,005$9,654,922$23,503,564
87$45,647,167$14,240,440$9,860,085$25,286,617
88$50,181,175$14,816,218$10,068,395$27,231,524
89$55,173,809$15,416,367$10,279,840$29,354,099
90$60,671,728$16,041,959$10,494,405$31,671,745
91$66,726,345$16,694,116$10,712,068$34,203,612
92$73,394,315$17,374,010$10,932,806$36,970,777
93$80,738,067$18,082,869$11,156,587$39,996,436
94$88,826,395$18,821,975$11,383,377$43,306,120
95$97,735,103$19,592,667$11,613,136$46,927,934
96$107,547,724$20,396,348$11,845,817$50,892,815
97$118,356,307$21,234,485$12,081,367$55,234,824
98$130,262,285$22,108,609$12,319,727$59,991,458
99$143,377,432$23,020,325$12,560,833$65,204,001
100$157,824,919$23,971,310$12,804,609$70,917,912