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%17.4%
1 years$503,732$499,245$494,868$490,595$486,423$471,797
2 years$249,372$244,728$240,227$235,863$231,630$217,018
3 years$164,597$159,933$155,443$151,120$146,955$132,815
4 years$122,217$117,567$113,123$108,873$104,810$91,250
5 years$96,796$92,174$87,788$83,625$79,675$66,732
6 years$79,855$75,267$70,946$66,876$63,044$50,730
7 years$67,758$63,209$58,956$54,982$51,272$39,585
8 years$58,690$54,182$49,999$46,123$42,535$31,469
9 years$51,640$47,175$43,064$39,287$35,820$25,364
10 years$46,004$41,583$37,545$33,866$30,521$20,659
11 years$41,396$37,019$33,054$29,473$26,249$16,964
12 years$37,558$33,226$29,334$25,852$22,747$14,021
13 years$34,313$30,026$26,208$22,823$19,836$11,648
14 years$31,535$27,293$23,548$20,260$17,388$9,717
15 years$29,129$24,933$21,261$18,068$15,310$8,134
16 years$27,025$22,875$19,276$16,178$13,531$6,828
17 years$25,171$21,067$17,540$14,536$11,997$5,745
18 years$23,525$19,467$16,012$13,100$10,667$4,844
19 years$22,054$18,042$14,658$11,837$9,508$4,090
20 years$20,732$16,766$13,453$10,721$8,493$3,458
21 years$19,537$15,616$12,374$9,730$7,600$2,927
22 years$18,452$14,577$11,405$8,846$6,812$2,480
23 years$17,463$13,634$10,530$8,057$6,115$2,103
24 years$16,558$12,774$9,739$7,348$5,496$1,785
25 years$15,727$11,988$9,020$6,711$4,946$1,515
26 years$14,960$11,267$8,365$6,136$4,455$1,287
27 years$14,252$10,603$7,768$5,616$4,017$1,094
28 years$13,596$9,991$7,221$5,146$3,624$930
29 years$12,985$9,426$6,720$4,719$3,273$791
30 years$12,417$8,902$6,260$4,331$2,957$673
31 years$11,886$8,415$5,836$3,977$2,673$572
32 years$11,390$7,962$5,445$3,655$2,418$487
33 years$10,924$7,540$5,084$3,361$2,189$414
34 years$10,487$7,147$4,750$3,093$1,982$353
35 years$10,076$6,778$4,441$2,847$1,795$300
36 years$9,688$6,434$4,154$2,622$1,626$256
37 years$9,322$6,111$3,888$2,416$1,474$218
38 years$8,977$5,807$3,641$2,227$1,336$185
39 years$8,650$5,522$3,412$2,053$1,212$158
40 years$8,340$5,254$3,198$1,894$1,099$134
41 years$8,046$5,001$2,998$1,747$997$114
42 years$7,766$4,763$2,813$1,613$905$97
43 years$7,501$4,538$2,639$1,489$821$83
44 years$7,248$4,326$2,477$1,374$745$71
45 years$7,007$4,125$2,326$1,269$677$60
46 years$6,777$3,935$2,185$1,172$614$51
47 years$6,558$3,755$2,053$1,083$558$44
48 years$6,348$3,585$1,929$1,001$507$37
49 years$6,148$3,423$1,813$925$460$32
50 years$5,956$3,270$1,704$855$418$27

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 $2,257 every year, while hoping to spend $29,722 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: 34/39/27 Blend
65$6,100,000$6,100,000$6,100,000$6,100,000
66$6,724,528$6,401,228$6,306,678$6,898,053
67$7,378,806$6,683,264$6,486,328$7,310,846
68$8,098,824$6,978,124$6,671,000$7,752,847
69$8,891,256$7,286,405$6,860,831$8,228,912
70$9,763,457$7,608,731$7,055,961$8,742,091
71$10,723,529$7,945,758$7,256,535$9,295,730
72$11,780,400$8,298,171$7,462,700$9,893,495
73$12,943,909$8,666,690$7,674,609$10,539,408
74$14,224,896$9,052,066$7,892,416$11,237,883
75$15,635,306$9,455,088$8,116,283$11,993,762
76$17,188,301$9,876,581$8,346,372$12,812,361
77$18,898,385$10,317,410$8,582,853$13,699,514
78$20,781,539$10,778,482$8,825,897$14,661,629
79$22,855,373$11,260,745$9,075,682$15,705,741
80$25,139,294$11,765,194$9,332,389$16,839,579
81$27,654,683$12,292,870$9,596,206$18,071,633
82$30,425,104$12,844,864$9,867,322$19,411,231
83$33,476,522$13,422,320$10,145,935$20,868,625
84$36,837,548$14,026,434$10,432,245$22,455,080
85$40,539,712$14,658,463$10,726,458$24,182,980
86$44,617,755$15,319,720$11,028,787$26,065,941
87$49,109,963$16,011,583$11,339,448$28,118,931
88$54,058,523$16,735,496$11,658,664$30,358,409
89$59,509,927$17,492,969$11,986,663$32,802,478
90$65,515,402$18,285,587$12,323,680$35,471,044
91$72,131,403$19,115,011$12,669,953$38,386,006
92$79,420,140$19,982,980$13,025,730$41,571,454
93$87,450,164$20,891,316$13,391,262$45,053,889
94$96,297,020$21,841,929$13,766,808$48,862,469
95$106,043,953$22,836,821$14,152,633$53,029,277
96$116,782,700$23,878,089$14,549,010$57,589,620
97$128,614,350$24,967,930$14,956,217$62,582,351
98$141,650,303$26,108,648$15,374,539$68,050,230
99$156,013,318$27,302,656$15,804,270$74,040,323
100$171,838,672$28,552,482$16,245,710$80,604,433