Can I retire at age 66 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$503,732$499,245$494,868$490,595$486,423$483,763
2 years$249,372$244,728$240,227$235,863$231,630$228,946
3 years$164,597$159,933$155,443$151,120$146,955$144,331
4 years$122,217$117,567$113,123$108,873$104,810$102,264
5 years$96,796$92,174$87,788$83,625$79,675$77,216
6 years$79,855$75,267$70,946$66,876$63,044$60,675
7 years$67,758$63,209$58,956$54,982$51,272$48,994
8 years$58,690$54,182$49,999$46,123$42,535$40,348
9 years$51,640$47,175$43,064$39,287$35,820$33,724
10 years$46,004$41,583$37,545$33,866$30,521$28,514
11 years$41,396$37,019$33,054$29,473$26,249$24,331
12 years$37,558$33,226$29,334$25,852$22,747$20,916
13 years$34,313$30,026$26,208$22,823$19,836$18,089
14 years$31,535$27,293$23,548$20,260$17,388$15,724
15 years$29,129$24,933$21,261$18,068$15,310$13,727
16 years$27,025$22,875$19,276$16,178$13,531$12,027
17 years$25,171$21,067$17,540$14,536$11,997$10,570
18 years$23,525$19,467$16,012$13,100$10,667$9,314
19 years$22,054$18,042$14,658$11,837$9,508$8,226
20 years$20,732$16,766$13,453$10,721$8,493$7,279
21 years$19,537$15,616$12,374$9,730$7,600$6,453
22 years$18,452$14,577$11,405$8,846$6,812$5,729
23 years$17,463$13,634$10,530$8,057$6,115$5,093
24 years$16,558$12,774$9,739$7,348$5,496$4,533
25 years$15,727$11,988$9,020$6,711$4,946$4,039
26 years$14,960$11,267$8,365$6,136$4,455$3,602
27 years$14,252$10,603$7,768$5,616$4,017$3,215
28 years$13,596$9,991$7,221$5,146$3,624$2,871
29 years$12,985$9,426$6,720$4,719$3,273$2,566
30 years$12,417$8,902$6,260$4,331$2,957$2,295
31 years$11,886$8,415$5,836$3,977$2,673$2,053
32 years$11,390$7,962$5,445$3,655$2,418$1,837
33 years$10,924$7,540$5,084$3,361$2,189$1,645
34 years$10,487$7,147$4,750$3,093$1,982$1,474
35 years$10,076$6,778$4,441$2,847$1,795$1,321
36 years$9,688$6,434$4,154$2,622$1,626$1,184
37 years$9,322$6,111$3,888$2,416$1,474$1,061
38 years$8,977$5,807$3,641$2,227$1,336$951
39 years$8,650$5,522$3,412$2,053$1,212$853
40 years$8,340$5,254$3,198$1,894$1,099$765
41 years$8,046$5,001$2,998$1,747$997$687
42 years$7,766$4,763$2,813$1,613$905$616
43 years$7,501$4,538$2,639$1,489$821$553
44 years$7,248$4,326$2,477$1,374$745$496
45 years$7,007$4,125$2,326$1,269$677$446
46 years$6,777$3,935$2,185$1,172$614$400
47 years$6,558$3,755$2,053$1,083$558$359
48 years$6,348$3,585$1,929$1,001$507$322
49 years$6,148$3,423$1,813$925$460$290
50 years$5,956$3,270$1,704$855$418$260

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $6,100,000, adding $5,035 every year, while hoping to spend $31,501 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: 57/33/10 Blend
65$6,100,000$6,100,000$6,100,000$6,100,000
66$6,727,394$6,404,094$6,309,544$7,094,338
67$7,380,071$6,684,377$6,487,396$7,622,724
68$8,098,266$6,977,339$6,670,152$8,194,235
69$8,888,627$7,283,567$6,857,940$8,816,192
70$9,758,482$7,603,677$7,050,896$9,493,425
71$10,715,903$7,938,314$7,249,157$10,231,241
72$11,769,787$8,288,152$7,452,865$11,035,477
73$12,929,933$8,653,900$7,662,164$11,912,549
74$14,207,143$9,036,297$7,877,203$12,869,513
75$15,613,316$9,436,120$8,098,134$13,914,128
76$17,161,566$9,854,182$8,325,114$15,054,930
77$18,866,342$10,291,333$8,558,301$16,301,304
78$20,743,565$10,748,464$8,797,860$17,663,579
79$22,810,779$11,226,510$9,043,960$19,153,114
80$25,087,318$11,726,449$9,296,772$20,782,410
81$27,594,484$12,249,304$9,556,473$22,565,220
82$30,355,751$12,796,149$9,823,244$24,516,681
83$33,396,986$13,368,109$10,097,271$26,653,449
84$36,746,693$13,966,361$10,378,744$28,993,856
85$40,436,281$14,592,138$10,667,857$31,558,078
86$44,500,362$15,246,733$10,964,811$34,368,324
87$48,977,076$15,931,500$11,269,809$37,449,042
88$53,908,451$16,647,857$11,583,062$40,827,145
89$59,340,802$17,397,291$11,904,783$44,532,261
90$65,325,164$18,181,359$12,235,194$48,597,009
91$71,917,777$19,001,691$12,574,518$53,057,303
92$79,180,613$19,859,997$12,922,988$57,952,688
93$87,181,966$20,758,067$13,280,838$63,326,705
94$95,997,092$21,697,778$13,648,312$69,227,300
95$105,708,923$22,681,096$14,025,658$75,707,272
96$116,408,844$23,710,081$14,413,128$82,824,765
97$128,197,561$24,786,890$14,810,983$90,643,809
98$141,186,051$25,913,786$15,219,490$99,234,923
99$155,496,605$27,093,139$15,638,920$108,675,774
100$171,263,988$28,327,432$16,069,552$119,051,900