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%17.4%
1 years$495,474$491,061$486,755$482,552$478,448$464,062
2 years$245,284$240,716$236,289$231,996$227,833$213,460
3 years$161,899$157,311$152,895$148,642$144,546$130,638
4 years$120,214$115,640$111,268$107,088$103,092$89,754
5 years$95,210$90,663$86,349$82,254$78,369$65,638
6 years$78,545$74,033$69,782$65,779$62,010$49,898
7 years$66,647$62,173$57,990$54,081$50,431$38,937
8 years$57,728$53,294$49,180$45,367$41,837$30,954
9 years$50,794$46,402$42,359$38,643$35,233$24,948
10 years$45,250$40,901$36,929$33,310$30,020$20,320
11 years$40,717$36,412$32,512$28,990$25,819$16,686
12 years$36,942$32,681$28,853$25,428$22,374$13,791
13 years$33,751$29,534$25,779$22,449$19,510$11,457
14 years$31,018$26,846$23,162$19,928$17,103$9,558
15 years$28,651$24,524$20,912$17,772$15,059$8,001
16 years$26,582$22,500$18,960$15,913$13,309$6,716
17 years$24,759$20,722$17,253$14,298$11,801$5,651
18 years$23,140$19,148$15,750$12,885$10,492$4,764
19 years$21,693$17,746$14,418$11,643$9,352$4,023
20 years$20,392$16,491$13,232$10,545$8,354$3,402
21 years$19,217$15,360$12,171$9,570$7,475$2,879
22 years$18,150$14,338$11,218$8,701$6,701$2,440
23 years$17,177$13,410$10,357$7,925$6,015$2,069
24 years$16,287$12,565$9,579$7,228$5,406$1,756
25 years$15,469$11,791$8,872$6,601$4,865$1,491
26 years$14,715$11,082$8,228$6,035$4,382$1,266
27 years$14,018$10,429$7,641$5,524$3,951$1,076
28 years$13,373$9,828$7,103$5,061$3,565$915
29 years$12,773$9,271$6,610$4,641$3,219$778
30 years$12,213$8,756$6,157$4,260$2,909$662
31 years$11,691$8,277$5,740$3,912$2,630$563
32 years$11,203$7,832$5,355$3,595$2,379$479
33 years$10,745$7,417$5,000$3,306$2,153$408
34 years$10,315$7,029$4,672$3,042$1,949$347
35 years$9,911$6,667$4,368$2,800$1,765$295
36 years$9,529$6,328$4,086$2,579$1,599$251
37 years$9,170$6,010$3,825$2,376$1,450$214
38 years$8,830$5,712$3,582$2,190$1,314$182
39 years$8,508$5,432$3,356$2,020$1,192$155
40 years$8,203$5,168$3,145$1,863$1,081$132
41 years$7,914$4,919$2,949$1,719$981$113
42 years$7,639$4,685$2,766$1,586$890$96
43 years$7,378$4,464$2,596$1,464$808$82
44 years$7,129$4,255$2,437$1,352$733$70
45 years$6,892$4,057$2,288$1,248$666$59
46 years$6,666$3,871$2,149$1,153$604$50
47 years$6,450$3,694$2,019$1,065$549$43
48 years$6,244$3,526$1,897$985$498$37
49 years$6,047$3,367$1,783$910$453$31
50 years$5,858$3,217$1,677$841$411$27

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 $4,862 every year, while hoping to spend $28,470 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: 65/30/5 Blend
65$6,000,000$6,000,000$6,000,000$6,000,000
66$6,617,015$6,299,015$6,206,015$7,042,349
67$7,261,659$6,577,375$6,383,625$7,603,804
68$7,971,102$6,868,420$6,566,230$8,213,085
69$8,751,924$7,172,743$6,753,969$8,877,941
70$9,611,375$7,490,961$6,946,981$9,603,767
71$10,557,442$7,823,726$7,145,412$10,396,497
72$11,598,928$8,171,715$7,349,410$11,262,656
73$12,745,532$8,535,642$7,559,128$12,209,426
74$14,007,939$8,916,252$7,774,722$13,244,702
75$15,397,927$9,314,326$7,996,354$14,377,175
76$16,928,470$9,730,683$8,224,186$15,616,405
77$18,613,868$10,166,180$8,458,390$16,972,913
78$20,469,875$10,621,715$8,699,138$18,458,276
79$22,513,852$11,098,230$8,946,610$20,085,235
80$24,764,931$11,596,709$9,200,987$21,867,813
81$27,244,192$12,118,185$9,462,458$23,821,446
82$29,974,864$12,663,741$9,731,215$25,963,123
83$32,982,546$13,234,510$10,007,456$28,311,546
84$36,295,443$13,831,679$10,291,384$30,887,306
85$39,944,640$14,456,492$10,583,207$33,713,068
86$43,964,387$15,110,254$10,883,138$36,813,788
87$48,392,428$15,794,331$11,191,397$40,216,945
88$53,270,356$16,510,152$11,508,208$43,952,791
89$58,644,001$17,259,219$11,833,803$48,054,641
90$64,563,871$18,043,102$12,168,416$52,559,179
91$71,085,620$18,863,449$12,512,293$57,506,801
92$78,270,579$19,721,983$12,865,680$62,941,996
93$86,186,332$20,620,514$13,228,834$68,913,754
94$94,907,354$21,560,936$13,602,017$75,476,034
95$104,515,716$22,545,234$13,985,496$82,688,261
96$115,101,858$23,575,488$14,379,549$90,615,886
97$126,765,440$24,653,880$14,784,456$99,330,997
98$139,616,288$25,782,693$15,200,509$108,912,997
99$153,775,427$26,964,323$15,628,003$119,449,344
100$169,376,223$28,201,278$16,067,245$131,036,375