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

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$503,732$499,245$494,868$490,595$486,423$475,049
2 years$249,372$244,728$240,227$235,863$231,630$220,236
3 years$164,597$159,933$155,443$151,120$146,955$135,897
4 years$122,217$117,567$113,123$108,873$104,810$94,172
5 years$96,796$92,174$87,788$83,625$79,675$69,488
6 years$79,855$75,267$70,946$66,876$63,044$53,318
7 years$67,758$63,209$58,956$54,982$51,272$42,008
8 years$58,690$54,182$49,999$46,123$42,535$33,730
9 years$51,640$47,175$43,064$39,287$35,820$27,467
10 years$46,004$41,583$37,545$33,866$30,521$22,610
11 years$41,396$37,019$33,054$29,473$26,249$18,770
12 years$37,558$33,226$29,334$25,852$22,747$15,687
13 years$34,313$30,026$26,208$22,823$19,836$13,182
14 years$31,535$27,293$23,548$20,260$17,388$11,127
15 years$29,129$24,933$21,261$18,068$15,310$9,426
16 years$27,025$22,875$19,276$16,178$13,531$8,010
17 years$25,171$21,067$17,540$14,536$11,997$6,823
18 years$23,525$19,467$16,012$13,100$10,667$5,825
19 years$22,054$18,042$14,658$11,837$9,508$4,982
20 years$20,732$16,766$13,453$10,721$8,493$4,267
21 years$19,537$15,616$12,374$9,730$7,600$3,660
22 years$18,452$14,577$11,405$8,846$6,812$3,142
23 years$17,463$13,634$10,530$8,057$6,115$2,700
24 years$16,558$12,774$9,739$7,348$5,496$2,322
25 years$15,727$11,988$9,020$6,711$4,946$1,999
26 years$14,960$11,267$8,365$6,136$4,455$1,721
27 years$14,252$10,603$7,768$5,616$4,017$1,483
28 years$13,596$9,991$7,221$5,146$3,624$1,278
29 years$12,985$9,426$6,720$4,719$3,273$1,102
30 years$12,417$8,902$6,260$4,331$2,957$951
31 years$11,886$8,415$5,836$3,977$2,673$820
32 years$11,390$7,962$5,445$3,655$2,418$708
33 years$10,924$7,540$5,084$3,361$2,189$611
34 years$10,487$7,147$4,750$3,093$1,982$528
35 years$10,076$6,778$4,441$2,847$1,795$456
36 years$9,688$6,434$4,154$2,622$1,626$393
37 years$9,322$6,111$3,888$2,416$1,474$340
38 years$8,977$5,807$3,641$2,227$1,336$294
39 years$8,650$5,522$3,412$2,053$1,212$254
40 years$8,340$5,254$3,198$1,894$1,099$219
41 years$8,046$5,001$2,998$1,747$997$189
42 years$7,766$4,763$2,813$1,613$905$164
43 years$7,501$4,538$2,639$1,489$821$141
44 years$7,248$4,326$2,477$1,374$745$122
45 years$7,007$4,125$2,326$1,269$677$105
46 years$6,777$3,935$2,185$1,172$614$91
47 years$6,558$3,755$2,053$1,083$558$79
48 years$6,348$3,585$1,929$1,001$507$68
49 years$6,148$3,423$1,813$925$460$59
50 years$5,956$3,270$1,704$855$418$51

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 $5,974 every year, while hoping to spend $20,967 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: 58/15/27 Blend
65$6,100,000$6,100,000$6,100,000$6,100,000
66$6,728,362$6,405,062$6,310,512$7,068,788
67$7,392,346$6,696,602$6,499,606$7,593,970
68$8,123,354$7,001,724$6,694,331$8,163,603
69$8,928,200$7,321,072$6,894,855$8,784,287
70$9,814,393$7,655,320$7,101,348$9,460,977
71$10,790,205$8,005,176$7,313,988$10,199,122
72$11,864,755$8,371,378$7,532,956$11,004,715
73$13,048,089$8,754,705$7,758,439$11,884,353
74$14,351,276$9,155,967$7,990,629$12,845,292
75$15,786,516$9,576,019$8,229,724$13,895,519
76$17,367,249$10,015,752$8,475,928$15,043,823
77$19,108,287$10,476,103$8,729,451$16,299,876
78$21,025,954$10,958,054$8,990,509$17,674,326
79$23,138,234$11,462,631$9,259,324$19,178,892
80$25,464,947$11,990,913$9,536,124$20,826,476
81$28,027,933$12,544,029$9,821,146$22,631,280
82$30,851,259$13,123,164$10,114,631$24,608,942
83$33,961,445$13,729,556$10,416,829$26,776,675
84$37,387,716$14,364,508$10,727,996$29,153,437
85$41,162,276$15,029,382$11,048,397$31,760,099
86$45,320,613$15,725,606$11,378,303$34,619,644
87$49,901,834$16,454,679$11,717,994$37,757,382
88$54,949,032$17,218,170$12,067,758$41,201,183
89$60,509,697$18,017,724$12,427,891$44,981,742
90$66,636,159$18,855,065$12,798,699$49,132,865
91$73,386,086$19,732,002$13,180,495$53,691,781
92$80,823,027$20,650,430$13,573,601$58,699,497
93$89,017,010$21,612,335$13,978,351$64,201,177
94$98,045,205$22,619,800$14,395,085$70,246,569
95$107,992,652$23,675,007$14,824,157$76,890,470
96$118,953,065$24,780,244$15,265,928$84,193,236
97$131,029,712$25,937,910$15,720,772$92,221,357
98$144,336,395$27,150,521$16,189,070$101,048,072
99$158,998,522$28,420,711$16,671,219$110,754,062
100$175,154,290$29,751,245$17,167,623$121,428,204