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%13.6%
1 years$495,474$491,061$486,755$482,552$478,448$471,299
2 years$245,284$240,716$236,289$231,996$227,833$220,645
3 years$161,899$157,311$152,895$148,642$144,546$137,545
4 years$120,214$115,640$111,268$107,088$103,092$96,331
5 years$95,210$90,663$86,349$82,254$78,369$71,868
6 years$78,545$74,033$69,782$65,779$62,010$55,777
7 years$66,647$62,173$57,990$54,081$50,431$44,467
8 years$57,728$53,294$49,180$45,367$41,837$36,142
9 years$50,794$46,402$42,359$38,643$35,233$29,803
10 years$45,250$40,901$36,929$33,310$30,020$24,852
11 years$40,717$36,412$32,512$28,990$25,819$20,906
12 years$36,942$32,681$28,853$25,428$22,374$17,712
13 years$33,751$29,534$25,779$22,449$19,510$15,092
14 years$31,018$26,846$23,162$19,928$17,103$12,921
15 years$28,651$24,524$20,912$17,772$15,059$11,106
16 years$26,582$22,500$18,960$15,913$13,309$9,578
17 years$24,759$20,722$17,253$14,298$11,801$8,283
18 years$23,140$19,148$15,750$12,885$10,492$7,180
19 years$21,693$17,746$14,418$11,643$9,352$6,237
20 years$20,392$16,491$13,232$10,545$8,354$5,427
21 years$19,217$15,360$12,171$9,570$7,475$4,729
22 years$18,150$14,338$11,218$8,701$6,701$4,127
23 years$17,177$13,410$10,357$7,925$6,015$3,605
24 years$16,287$12,565$9,579$7,228$5,406$3,152
25 years$15,469$11,791$8,872$6,601$4,865$2,759
26 years$14,715$11,082$8,228$6,035$4,382$2,416
27 years$14,018$10,429$7,641$5,524$3,951$2,117
28 years$13,373$9,828$7,103$5,061$3,565$1,856
29 years$12,773$9,271$6,610$4,641$3,219$1,628
30 years$12,213$8,756$6,157$4,260$2,909$1,429
31 years$11,691$8,277$5,740$3,912$2,630$1,255
32 years$11,203$7,832$5,355$3,595$2,379$1,102
33 years$10,745$7,417$5,000$3,306$2,153$968
34 years$10,315$7,029$4,672$3,042$1,949$851
35 years$9,911$6,667$4,368$2,800$1,765$748
36 years$9,529$6,328$4,086$2,579$1,599$657
37 years$9,170$6,010$3,825$2,376$1,450$578
38 years$8,830$5,712$3,582$2,190$1,314$508
39 years$8,508$5,432$3,356$2,020$1,192$447
40 years$8,203$5,168$3,145$1,863$1,081$393
41 years$7,914$4,919$2,949$1,719$981$346
42 years$7,639$4,685$2,766$1,586$890$304
43 years$7,378$4,464$2,596$1,464$808$268
44 years$7,129$4,255$2,437$1,352$733$235
45 years$6,892$4,057$2,288$1,248$666$207
46 years$6,666$3,871$2,149$1,153$604$182
47 years$6,450$3,694$2,019$1,065$549$160
48 years$6,244$3,526$1,897$985$498$141
49 years$6,047$3,367$1,783$910$453$124
50 years$5,858$3,217$1,677$841$411$109

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 $3,704 every year, while hoping to spend $28,922 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: 60/17/23 Blend
65$6,000,000$6,000,000$6,000,000$6,000,000
66$6,615,821$6,297,821$6,204,821$6,972,093
67$7,259,862$6,575,641$6,381,909$7,492,243
68$7,968,625$6,866,105$6,563,961$8,056,026
69$8,748,683$7,169,803$6,751,112$8,670,522
70$9,607,275$7,487,350$6,943,501$9,340,663
71$10,552,380$7,819,392$7,141,271$10,071,873
72$11,592,788$8,166,608$7,344,569$10,870,119
73$12,738,186$8,529,705$7,553,545$11,741,969
74$13,999,247$8,909,427$7,768,355$12,694,650
75$15,387,732$9,306,550$7,989,156$13,736,114
76$16,916,600$9,721,890$8,216,112$14,875,113
77$18,600,131$10,156,300$8,449,390$16,121,283
78$20,454,060$10,610,675$8,689,160$17,485,226
79$22,495,726$11,085,951$8,935,599$18,978,617
80$24,744,237$11,583,108$9,188,888$20,614,307
81$27,220,644$12,103,176$9,449,211$22,406,443
82$29,948,149$12,647,231$9,716,759$24,370,603
83$32,952,315$13,216,400$9,991,726$26,523,938
84$36,261,315$13,811,867$10,274,312$28,885,334
85$39,906,190$14,434,870$10,564,722$31,475,584
86$43,921,148$15,086,705$10,863,167$34,317,589
87$48,343,885$15,768,733$11,169,863$37,436,566
88$53,215,938$16,482,378$11,485,030$40,860,289
89$58,583,082$17,229,133$11,808,897$44,619,341
90$64,495,756$18,010,560$12,141,695$48,747,409
91$71,009,545$18,828,300$12,483,663$53,281,594
92$78,185,700$19,684,068$12,835,048$58,262,760
93$86,091,718$20,579,663$13,196,098$63,735,917
94$94,801,979$21,516,972$13,567,073$69,750,642
95$104,398,446$22,497,970$13,948,236$76,361,545
96$114,971,444$23,524,727$14,339,858$83,628,782
97$126,620,504$24,599,412$14,742,216$91,618,616
98$139,455,311$25,724,298$15,155,596$100,404,043
99$153,596,733$26,901,769$15,580,288$110,065,477
100$169,177,965$28,134,320$16,016,593$120,691,502