Can I retire at age 66 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$520,248$515,614$511,093$506,680$502,371$488,838
2 years$257,549$252,752$248,103$243,596$239,224$225,687
3 years$169,994$165,176$160,539$156,074$151,774$138,656
4 years$126,225$121,422$116,831$112,443$108,246$95,648
5 years$99,970$95,196$90,666$86,367$82,287$70,244
6 years$82,473$77,735$73,272$69,068$65,111$53,634
7 years$69,980$65,282$60,889$56,785$52,953$42,042
8 years$60,614$55,958$51,639$47,635$43,929$33,580
9 years$53,333$48,722$44,476$40,575$36,995$27,197
10 years$47,512$42,946$38,776$34,976$31,521$22,263
11 years$42,753$38,232$34,137$30,439$27,110$18,375
12 years$38,789$34,315$30,296$26,700$23,493$15,267
13 years$35,438$31,011$27,068$23,572$20,486$12,752
14 years$32,569$28,188$24,320$20,924$17,958$10,697
15 years$30,084$25,750$21,958$18,661$15,812$9,005
16 years$27,911$23,625$19,908$16,709$13,974$7,603
17 years$25,997$21,758$18,116$15,013$12,391$6,435
18 years$24,297$20,106$16,537$13,529$11,017$5,457
19 years$22,777$18,634$15,139$12,225$9,820$4,636
20 years$21,412$17,315$13,894$11,072$8,771$3,944
21 years$20,178$16,128$12,780$10,049$7,849$3,359
22 years$19,057$15,055$11,778$9,136$7,036$2,864
23 years$18,036$14,081$10,875$8,321$6,316$2,444
24 years$17,101$13,193$10,058$7,589$5,677$2,087
25 years$16,242$12,381$9,316$6,931$5,108$1,783
26 years$15,451$11,636$8,640$6,337$4,601$1,525
27 years$14,719$10,951$8,023$5,801$4,148$1,304
28 years$14,041$10,319$7,458$5,315$3,743$1,116
29 years$13,411$9,735$6,940$4,874$3,380$955
30 years$12,824$9,193$6,465$4,473$3,054$818
31 years$12,276$8,691$6,027$4,108$2,761$700
32 years$11,763$8,223$5,623$3,775$2,498$600
33 years$11,282$7,788$5,250$3,472$2,260$514
34 years$10,831$7,381$4,906$3,194$2,047$440
35 years$10,406$7,001$4,586$2,940$1,854$377
36 years$10,006$6,645$4,291$2,708$1,679$323
37 years$9,628$6,311$4,016$2,495$1,522$277
38 years$9,271$5,998$3,761$2,300$1,380$238
39 years$8,933$5,703$3,523$2,121$1,251$204
40 years$8,613$5,426$3,302$1,956$1,135$175
41 years$8,309$5,165$3,097$1,805$1,030$150
42 years$8,021$4,919$2,905$1,665$934$128
43 years$7,746$4,687$2,726$1,537$848$110
44 years$7,485$4,468$2,559$1,419$770$94
45 years$7,236$4,260$2,402$1,311$699$81
46 years$6,999$4,064$2,256$1,211$634$69
47 years$6,773$3,878$2,120$1,119$576$60
48 years$6,556$3,702$1,992$1,034$523$51
49 years$6,349$3,536$1,872$955$475$44
50 years$6,151$3,377$1,760$883$432$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $6,300,000, adding $6,229 every year, while hoping to spend $39,482 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: 50/36/14 Blend
65$6,300,000$6,300,000$6,300,000$6,300,000
66$6,949,025$6,615,125$6,517,475$7,269,591
67$7,615,817$6,897,258$6,693,802$7,772,602
68$8,349,299$7,191,892$6,874,713$8,314,289
69$9,156,231$7,499,598$7,060,319$8,902,066
70$10,044,061$7,820,973$7,250,735$9,540,280
71$11,020,999$8,156,644$7,446,077$10,233,705
72$12,096,085$8,507,264$7,646,466$10,987,591
73$13,279,286$8,873,520$7,852,022$11,807,702
74$14,581,579$9,256,128$8,062,871$12,700,378
75$16,015,061$9,655,840$8,279,139$13,672,587
76$17,593,063$10,073,442$8,500,956$14,731,988
77$19,330,272$10,509,757$8,728,454$15,887,005
78$21,242,872$10,965,647$8,961,769$17,146,901
79$23,348,696$11,442,015$9,201,039$18,521,862
80$25,667,394$11,939,804$9,446,405$20,023,092
81$28,220,618$12,460,005$9,698,010$21,662,918
82$31,032,229$13,003,653$9,956,001$23,454,897
83$34,128,517$13,571,833$10,220,528$25,413,948
84$37,538,453$14,165,680$10,491,742$27,556,484
85$41,293,960$14,786,383$10,769,801$29,900,568
86$45,430,217$15,435,189$11,054,862$32,466,075
87$49,985,986$16,113,400$11,347,087$35,274,881
88$55,003,983$16,822,383$11,646,641$38,351,061
89$60,531,278$17,563,569$11,953,692$41,721,115
90$66,619,739$18,338,454$12,268,411$45,414,213
91$73,326,523$19,148,608$12,590,973$49,462,467
92$80,714,613$19,995,675$12,921,555$53,901,227
93$88,853,414$20,881,374$13,260,339$58,769,411
94$97,819,410$21,807,509$13,607,507$64,109,870
95$107,696,880$22,775,967$13,963,249$69,969,781
96$118,578,699$23,788,726$14,327,755$76,401,093
97$130,567,210$24,847,858$14,701,219$83,461,008
98$143,775,195$25,955,532$15,083,838$91,212,517
99$158,326,932$27,114,021$15,475,815$99,724,985
100$174,359,377$28,325,706$15,877,353$109,074,803