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%11.1%
1 years$503,732$499,245$494,868$490,595$486,423$484,169
2 years$249,372$244,728$240,227$235,863$231,630$229,355
3 years$164,597$159,933$155,443$151,120$146,955$144,730
4 years$122,217$117,567$113,123$108,873$104,810$102,651
5 years$96,796$92,174$87,788$83,625$79,675$77,589
6 years$79,855$75,267$70,946$66,876$63,044$61,033
7 years$67,758$63,209$58,956$54,982$51,272$49,338
8 years$58,690$54,182$49,999$46,123$42,535$40,677
9 years$51,640$47,175$43,064$39,287$35,820$34,039
10 years$46,004$41,583$37,545$33,866$30,521$28,815
11 years$41,396$37,019$33,054$29,473$26,249$24,617
12 years$37,558$33,226$29,334$25,852$22,747$21,188
13 years$34,313$30,026$26,208$22,823$19,836$18,348
14 years$31,535$27,293$23,548$20,260$17,388$15,971
15 years$29,129$24,933$21,261$18,068$15,310$13,960
16 years$27,025$22,875$19,276$16,178$13,531$12,248
17 years$25,171$21,067$17,540$14,536$11,997$10,779
18 years$23,525$19,467$16,012$13,100$10,667$9,511
19 years$22,054$18,042$14,658$11,837$9,508$8,412
20 years$20,732$16,766$13,453$10,721$8,493$7,455
21 years$19,537$15,616$12,374$9,730$7,600$6,619
22 years$18,452$14,577$11,405$8,846$6,812$5,885
23 years$17,463$13,634$10,530$8,057$6,115$5,240
24 years$16,558$12,774$9,739$7,348$5,496$4,671
25 years$15,727$11,988$9,020$6,711$4,946$4,168
26 years$14,960$11,267$8,365$6,136$4,455$3,723
27 years$14,252$10,603$7,768$5,616$4,017$3,328
28 years$13,596$9,991$7,221$5,146$3,624$2,977
29 years$12,985$9,426$6,720$4,719$3,273$2,665
30 years$12,417$8,902$6,260$4,331$2,957$2,387
31 years$11,886$8,415$5,836$3,977$2,673$2,139
32 years$11,390$7,962$5,445$3,655$2,418$1,917
33 years$10,924$7,540$5,084$3,361$2,189$1,720
34 years$10,487$7,147$4,750$3,093$1,982$1,543
35 years$10,076$6,778$4,441$2,847$1,795$1,385
36 years$9,688$6,434$4,154$2,622$1,626$1,243
37 years$9,322$6,111$3,888$2,416$1,474$1,116
38 years$8,977$5,807$3,641$2,227$1,336$1,003
39 years$8,650$5,522$3,412$2,053$1,212$901
40 years$8,340$5,254$3,198$1,894$1,099$810
41 years$8,046$5,001$2,998$1,747$997$728
42 years$7,766$4,763$2,813$1,613$905$654
43 years$7,501$4,538$2,639$1,489$821$588
44 years$7,248$4,326$2,477$1,374$745$529
45 years$7,007$4,125$2,326$1,269$677$475
46 years$6,777$3,935$2,185$1,172$614$427
47 years$6,558$3,755$2,053$1,083$558$384
48 years$6,348$3,585$1,929$1,001$507$346
49 years$6,148$3,423$1,813$925$460$311
50 years$5,956$3,270$1,704$855$418$280

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 $3,475 every year, while hoping to spend $48,972 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: 38/32/30 Blend
65$6,100,000$6,100,000$6,100,000$6,100,000
66$6,725,784$6,402,484$6,307,934$6,921,219
67$7,359,709$6,664,100$6,467,144$7,327,455
68$8,056,652$6,936,894$6,630,047$7,761,492
69$8,822,990$7,221,362$6,796,713$8,229,678
70$9,665,748$7,518,022$6,967,216$8,735,152
71$10,592,667$7,827,417$7,141,630$9,281,359
72$11,612,273$8,150,114$7,320,029$9,872,085
73$12,733,962$8,486,707$7,502,487$10,511,485
74$13,968,086$8,837,816$7,689,080$11,204,128
75$15,326,052$9,204,090$7,879,886$11,955,032
76$16,820,427$9,586,208$8,074,979$12,769,710
77$18,465,058$9,984,880$8,274,439$13,654,224
78$20,275,203$10,400,848$8,478,342$14,615,237
79$22,267,675$10,834,891$8,686,767$15,660,075
80$24,460,997$11,287,820$8,899,793$16,796,792
81$26,875,582$11,760,486$9,117,499$18,034,247
82$29,533,921$12,253,779$9,339,965$19,382,180
83$32,460,796$12,768,630$9,567,269$20,851,308
84$35,683,517$13,306,013$9,799,493$22,453,418
85$39,232,175$13,866,946$10,036,715$24,201,478
86$43,139,928$14,452,497$10,279,015$26,109,757
87$47,443,312$15,063,782$10,526,474$28,193,953
88$52,182,590$15,701,967$10,779,171$30,471,344
89$57,402,125$16,368,275$11,037,185$32,960,944
90$63,150,807$17,063,985$11,300,595$35,683,677
91$69,482,504$17,790,435$11,569,479$38,662,577
92$76,456,579$18,549,026$11,843,917$41,922,997
93$84,138,446$19,341,224$12,123,984$45,492,845
94$92,600,187$20,168,563$12,409,757$49,402,846
95$101,921,233$21,032,651$12,701,312$53,686,825
96$112,189,116$21,935,167$12,998,722$58,382,025
97$123,500,287$22,877,872$13,302,060$63,529,448
98$135,961,036$23,862,607$13,611,399$69,174,247
99$149,688,489$24,891,302$13,926,808$75,366,136
100$164,811,714$25,965,975$14,248,355$82,159,865