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%13.9%
1 years$511,990$507,430$502,980$498,637$494,397$486,407
2 years$253,460$248,740$244,165$239,729$235,427$227,399
3 years$167,295$162,554$157,991$153,597$149,365$141,549
4 years$124,221$119,495$114,977$110,658$106,528$98,984
5 years$98,383$93,685$89,227$84,996$80,981$73,731
6 years$81,164$76,501$72,109$67,972$64,077$57,130
7 years$68,869$64,245$59,923$55,883$52,112$45,469
8 years$59,652$55,070$50,819$46,879$43,232$36,893
9 years$52,487$47,949$43,770$39,931$36,408$30,368
10 years$46,758$42,264$38,160$34,421$31,021$25,277
11 years$42,074$37,625$33,596$29,956$26,679$21,224
12 years$38,174$33,771$29,815$26,276$23,120$17,946
13 years$34,876$30,519$26,638$23,198$20,161$15,262
14 years$32,052$27,741$23,934$20,592$17,673$13,040
15 years$29,606$25,342$21,609$18,365$15,561$11,185
16 years$27,468$23,250$19,592$16,443$13,752$9,626
17 years$25,584$21,413$17,828$14,774$12,194$8,307
18 years$23,911$19,786$16,275$13,315$10,842$7,185
19 years$22,416$18,338$14,899$12,031$9,664$6,228
20 years$21,072$17,040$13,673$10,896$8,632$5,407
21 years$19,857$15,872$12,577$9,889$7,725$4,701
22 years$18,755$14,816$11,591$8,991$6,924$4,093
23 years$17,750$13,857$10,703$8,189$6,215$3,567
24 years$16,830$12,984$9,898$7,469$5,587$3,112
25 years$15,985$12,184$9,168$6,821$5,027$2,717
26 years$15,206$11,451$8,503$6,237$4,528$2,373
27 years$14,486$10,777$7,895$5,708$4,083$2,075
28 years$13,818$10,155$7,340$5,230$3,684$1,815
29 years$13,198$9,580$6,830$4,796$3,326$1,588
30 years$12,621$9,048$6,362$4,402$3,006$1,390
31 years$12,081$8,553$5,931$4,043$2,717$1,218
32 years$11,576$8,093$5,534$3,715$2,458$1,067
33 years$11,103$7,664$5,167$3,416$2,224$935
34 years$10,659$7,264$4,828$3,143$2,014$819
35 years$10,241$6,890$4,514$2,894$1,824$718
36 years$9,847$6,539$4,222$2,665$1,653$630
37 years$9,475$6,211$3,952$2,455$1,498$552
38 years$9,124$5,902$3,701$2,263$1,358$484
39 years$8,791$5,613$3,467$2,087$1,232$425
40 years$8,476$5,340$3,250$1,925$1,117$373
41 years$8,177$5,083$3,047$1,776$1,013$327
42 years$7,894$4,841$2,859$1,639$920$287
43 years$7,624$4,612$2,682$1,513$835$252
44 years$7,366$4,397$2,518$1,397$758$221
45 years$7,122$4,193$2,364$1,290$688$194
46 years$6,888$4,000$2,221$1,192$624$170
47 years$6,665$3,817$2,086$1,101$567$149
48 years$6,452$3,644$1,960$1,017$515$131
49 years$6,248$3,480$1,843$940$468$115
50 years$6,053$3,324$1,732$869$425$101

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 $2,456 every year, while hoping to spend $24,317 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: 56/29/15 Blend
65$6,200,000$6,200,000$6,200,000$6,200,000
66$6,834,933$6,506,333$6,410,233$7,190,819
67$7,506,223$6,799,271$6,599,103$7,725,648
68$8,245,170$7,105,747$6,793,485$8,305,096
69$9,058,649$7,426,400$6,993,538$8,935,733
70$9,954,235$7,761,897$7,199,425$9,622,463
71$10,940,277$8,112,940$7,411,316$10,370,677
72$12,025,972$8,480,261$7,629,382$11,186,300
73$13,221,456$8,864,629$7,853,801$12,075,849
74$14,537,898$9,266,849$8,084,757$13,046,490
75$15,987,605$9,687,766$8,322,438$14,106,104
76$17,584,137$10,128,263$8,567,036$15,263,358
77$19,342,438$10,589,266$8,818,750$16,527,787
78$21,278,974$11,071,748$9,077,786$17,909,879
79$23,411,891$11,576,725$9,344,353$19,421,176
80$25,761,182$12,105,264$9,618,668$21,074,374
81$28,348,882$12,658,481$9,900,952$22,883,443
82$31,199,269$13,237,547$10,191,435$24,863,760
83$34,339,098$13,843,690$10,490,352$27,032,244
84$37,797,850$14,478,195$10,797,943$29,407,519
85$41,608,015$15,142,411$11,114,458$32,010,082
86$45,805,391$15,837,748$11,440,152$34,862,495
87$50,429,432$16,565,688$11,775,287$37,989,596
88$55,523,608$17,327,782$12,120,134$41,418,727
89$61,135,828$18,125,655$12,474,970$45,179,988
90$67,318,882$18,961,011$12,840,081$49,306,523
91$74,130,944$19,835,636$13,215,759$53,834,819
92$81,636,120$20,751,403$13,602,307$58,805,054
93$89,905,055$21,710,272$14,000,035$64,261,470
94$99,015,596$22,714,301$14,409,262$70,252,782
95$109,053,529$23,765,644$14,830,314$76,832,638
96$120,113,389$24,866,561$15,263,530$84,060,116
97$132,299,352$26,019,419$15,709,255$92,000,280
98$145,726,216$27,226,701$16,167,845$100,724,784
99$160,520,488$28,491,008$16,639,667$110,312,547
100$176,821,578$29,815,067$17,125,096$120,850,489