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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$495,474$491,061$486,755$482,552$478,448$471,883
2 years$245,284$240,716$236,289$231,996$227,833$221,230
3 years$161,899$157,311$152,895$148,642$144,546$138,111
4 years$120,214$115,640$111,268$107,088$103,092$96,874
5 years$95,210$90,663$86,349$82,254$78,369$72,386
6 years$78,545$74,033$69,782$65,779$62,010$56,270
7 years$66,647$62,173$57,990$54,081$50,431$44,936
8 years$57,728$53,294$49,180$45,367$41,837$36,586
9 years$50,794$46,402$42,359$38,643$35,233$30,223
10 years$45,250$40,901$36,929$33,310$30,020$25,248
11 years$40,717$36,412$32,512$28,990$25,819$21,279
12 years$36,942$32,681$28,853$25,428$22,374$18,062
13 years$33,751$29,534$25,779$22,449$19,510$15,421
14 years$31,018$26,846$23,162$19,928$17,103$13,229
15 years$28,651$24,524$20,912$17,772$15,059$11,394
16 years$26,582$22,500$18,960$15,913$13,309$9,847
17 years$24,759$20,722$17,253$14,298$11,801$8,534
18 years$23,140$19,148$15,750$12,885$10,492$7,414
19 years$21,693$17,746$14,418$11,643$9,352$6,454
20 years$20,392$16,491$13,232$10,545$8,354$5,628
21 years$19,217$15,360$12,171$9,570$7,475$4,916
22 years$18,150$14,338$11,218$8,701$6,701$4,299
23 years$17,177$13,410$10,357$7,925$6,015$3,764
24 years$16,287$12,565$9,579$7,228$5,406$3,299
25 years$15,469$11,791$8,872$6,601$4,865$2,894
26 years$14,715$11,082$8,228$6,035$4,382$2,541
27 years$14,018$10,429$7,641$5,524$3,951$2,232
28 years$13,373$9,828$7,103$5,061$3,565$1,962
29 years$12,773$9,271$6,610$4,641$3,219$1,725
30 years$12,213$8,756$6,157$4,260$2,909$1,518
31 years$11,691$8,277$5,740$3,912$2,630$1,336
32 years$11,203$7,832$5,355$3,595$2,379$1,176
33 years$10,745$7,417$5,000$3,306$2,153$1,036
34 years$10,315$7,029$4,672$3,042$1,949$912
35 years$9,911$6,667$4,368$2,800$1,765$804
36 years$9,529$6,328$4,086$2,579$1,599$708
37 years$9,170$6,010$3,825$2,376$1,450$624
38 years$8,830$5,712$3,582$2,190$1,314$550
39 years$8,508$5,432$3,356$2,020$1,192$485
40 years$8,203$5,168$3,145$1,863$1,081$428
41 years$7,914$4,919$2,949$1,719$981$377
42 years$7,639$4,685$2,766$1,586$890$333
43 years$7,378$4,464$2,596$1,464$808$294
44 years$7,129$4,255$2,437$1,352$733$259
45 years$6,892$4,057$2,288$1,248$666$229
46 years$6,666$3,871$2,149$1,153$604$202
47 years$6,450$3,694$2,019$1,065$549$178
48 years$6,244$3,526$1,897$985$498$157
49 years$6,047$3,367$1,783$910$453$138
50 years$5,858$3,217$1,677$841$411$122

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 $5,162 every year, while hoping to spend $53,084 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: 80/14/6 Blend
65$6,000,000$6,000,000$6,000,000$6,000,000
66$6,617,325$6,299,325$6,206,325$7,143,325
67$7,235,811$6,551,511$6,357,756$7,740,600
68$7,915,603$6,814,274$6,512,480$8,388,250
69$8,662,900$7,088,079$6,670,553$9,097,245
70$9,484,527$7,373,406$6,832,028$9,873,680
71$10,388,008$7,670,762$6,996,960$10,724,262
72$11,381,630$7,980,674$7,165,403$11,656,380
73$12,474,523$8,303,695$7,337,412$12,678,168
74$13,676,749$8,640,400$7,513,039$13,798,583
75$14,999,391$8,991,393$7,692,340$15,027,490
76$16,454,662$9,357,305$7,875,367$16,375,751
77$18,056,020$9,738,795$8,062,173$17,855,329
78$19,818,289$10,136,551$8,252,812$19,479,402
79$21,757,808$10,551,295$8,447,334$21,262,479
80$23,892,576$10,983,781$8,645,791$23,220,545
81$26,242,427$11,434,795$8,848,234$25,371,205
82$28,829,218$11,905,162$9,054,713$27,733,850
83$31,677,027$12,395,745$9,265,275$30,329,839
84$34,812,391$12,907,444$9,479,969$33,182,702
85$38,264,548$13,441,201$9,698,841$36,318,356
86$42,065,716$13,998,004$9,921,936$39,765,352
87$46,251,395$14,578,882$10,149,297$43,555,144
88$50,860,706$15,184,916$10,380,967$47,722,379
89$55,936,753$15,817,232$10,616,985$52,305,229
90$61,527,038$16,477,013$10,857,389$57,345,745
91$67,683,901$17,165,491$11,102,217$62,890,256
92$74,465,018$17,883,960$11,351,501$68,989,800
93$81,933,947$18,633,771$11,605,273$75,700,611
94$90,160,721$19,416,337$11,863,561$83,084,640
95$99,222,516$20,233,139$12,126,392$91,210,144
96$109,204,374$21,085,725$12,393,788$100,152,325
97$120,200,009$21,975,713$12,665,768$109,994,042
98$132,312,687$22,904,800$12,942,348$120,826,583
99$145,656,204$23,874,759$13,223,540$132,750,534
100$160,355,961$24,887,446$13,509,353$145,876,720