Can I retire at age 66 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$511,990$507,430$502,980$498,637$494,397$491,900
2 years$253,460$248,740$244,165$239,729$235,427$232,907
3 years$167,295$162,554$157,991$153,597$149,365$146,900
4 years$124,221$119,495$114,977$110,658$106,528$104,137
5 years$98,383$93,685$89,227$84,996$80,981$78,671
6 years$81,164$76,501$72,109$67,972$64,077$61,851
7 years$68,869$64,245$59,923$55,883$52,112$49,971
8 years$59,652$55,070$50,819$46,879$43,232$41,176
9 years$52,487$47,949$43,770$39,931$36,408$34,437
10 years$46,758$42,264$38,160$34,421$31,021$29,134
11 years$42,074$37,625$33,596$29,956$26,679$24,875
12 years$38,174$33,771$29,815$26,276$23,120$21,397
13 years$34,876$30,519$26,638$23,198$20,161$18,517
14 years$32,052$27,741$23,934$20,592$17,673$16,107
15 years$29,606$25,342$21,609$18,365$15,561$14,070
16 years$27,468$23,250$19,592$16,443$13,752$12,336
17 years$25,584$21,413$17,828$14,774$12,194$10,849
18 years$23,911$19,786$16,275$13,315$10,842$9,566
19 years$22,416$18,338$14,899$12,031$9,664$8,455
20 years$21,072$17,040$13,673$10,896$8,632$7,488
21 years$19,857$15,872$12,577$9,889$7,725$6,643
22 years$18,755$14,816$11,591$8,991$6,924$5,902
23 years$17,750$13,857$10,703$8,189$6,215$5,251
24 years$16,830$12,984$9,898$7,469$5,587$4,677
25 years$15,985$12,184$9,168$6,821$5,027$4,170
26 years$15,206$11,451$8,503$6,237$4,528$3,722
27 years$14,486$10,777$7,895$5,708$4,083$3,324
28 years$13,818$10,155$7,340$5,230$3,684$2,971
29 years$13,198$9,580$6,830$4,796$3,326$2,658
30 years$12,621$9,048$6,362$4,402$3,006$2,379
31 years$12,081$8,553$5,931$4,043$2,717$2,130
32 years$11,576$8,093$5,534$3,715$2,458$1,908
33 years$11,103$7,664$5,167$3,416$2,224$1,710
34 years$10,659$7,264$4,828$3,143$2,014$1,533
35 years$10,241$6,890$4,514$2,894$1,824$1,374
36 years$9,847$6,539$4,222$2,665$1,653$1,233
37 years$9,475$6,211$3,952$2,455$1,498$1,106
38 years$9,124$5,902$3,701$2,263$1,358$993
39 years$8,791$5,613$3,467$2,087$1,232$891
40 years$8,476$5,340$3,250$1,925$1,117$800
41 years$8,177$5,083$3,047$1,776$1,013$718
42 years$7,894$4,841$2,859$1,639$920$645
43 years$7,624$4,612$2,682$1,513$835$580
44 years$7,366$4,397$2,518$1,397$758$521
45 years$7,122$4,193$2,364$1,290$688$468
46 years$6,888$4,000$2,221$1,192$624$420
47 years$6,665$3,817$2,086$1,101$567$378
48 years$6,452$3,644$1,960$1,017$515$339
49 years$6,248$3,480$1,843$940$468$305
50 years$6,053$3,324$1,732$869$425$274

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $6,200,000, adding $3,407 every year, while hoping to spend $41,546 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: 81/10/9 Blend
65$6,200,000$6,200,000$6,200,000$6,200,000
66$6,835,914$6,507,314$6,411,214$7,380,512
67$7,488,973$6,781,968$6,581,785$8,012,442
68$8,207,251$7,068,687$6,756,678$8,700,062
69$8,997,357$7,368,020$6,935,993$9,453,536
70$9,866,573$7,680,538$7,119,834$10,279,432
71$10,822,920$8,006,841$7,308,306$11,184,985
72$11,875,239$8,347,557$7,501,514$12,178,161
73$13,033,267$8,703,341$7,699,570$13,267,732
74$14,307,738$9,074,882$7,902,582$14,463,359
75$15,710,474$9,462,899$8,110,666$15,775,684
76$17,254,505$9,868,144$8,323,936$17,216,426
77$18,954,187$10,291,404$8,542,510$18,798,493
78$20,825,337$10,733,506$8,766,507$20,536,103
79$22,885,386$11,195,313$8,996,049$22,444,915
80$25,153,539$11,677,727$9,231,261$24,542,181
81$27,650,961$12,181,696$9,472,269$26,846,901
82$30,400,969$12,708,210$9,719,201$29,380,009
83$33,429,262$13,258,306$9,972,187$32,164,560
84$36,764,153$13,833,069$10,231,362$35,225,958
85$40,436,844$14,433,637$10,496,860$38,592,183
86$44,481,716$15,061,199$10,768,819$42,294,065
87$48,936,654$15,717,001$11,047,378$46,365,563
88$53,843,407$16,402,349$11,332,679$50,844,094
89$59,247,979$17,118,608$11,624,868$55,770,878
90$65,201,061$17,867,208$11,924,090$61,191,328
91$71,758,517$18,649,649$12,230,494$67,155,480
92$78,981,902$19,467,498$12,544,232$73,718,457
93$86,939,048$20,322,398$12,865,456$80,940,997
94$95,704,705$21,216,069$13,194,323$88,890,015
95$105,361,242$22,150,313$13,530,989$97,639,242
96$115,999,427$23,127,017$13,875,616$107,269,911
97$127,719,284$24,148,157$14,228,365$117,871,528
98$140,631,037$25,215,802$14,589,400$129,542,714
99$154,856,146$26,332,119$14,958,888$142,392,130
100$170,528,459$27,499,380$15,336,998$156,539,506