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%17.5%
1 years$520,248$515,614$511,093$506,680$502,371$487,070
2 years$257,549$252,752$248,103$243,596$239,224$223,940
3 years$169,994$165,176$160,539$156,074$151,774$136,986
4 years$126,225$121,422$116,831$112,443$108,246$94,068
5 years$99,970$95,196$90,666$86,367$82,287$68,756
6 years$82,473$77,735$73,272$69,068$65,111$52,240
7 years$69,980$65,282$60,889$56,785$52,953$40,741
8 years$60,614$55,958$51,639$47,635$43,929$32,369
9 years$53,333$48,722$44,476$40,575$36,995$26,073
10 years$47,512$42,946$38,776$34,976$31,521$21,223
11 years$42,753$38,232$34,137$30,439$27,110$17,416
12 years$38,789$34,315$30,296$26,700$23,493$14,385
13 years$35,438$31,011$27,068$23,572$20,486$11,942
14 years$32,569$28,188$24,320$20,924$17,958$9,956
15 years$30,084$25,750$21,958$18,661$15,812$8,328
16 years$27,911$23,625$19,908$16,709$13,974$6,986
17 years$25,997$21,758$18,116$15,013$12,391$5,874
18 years$24,297$20,106$16,537$13,529$11,017$4,948
19 years$22,777$18,634$15,139$12,225$9,820$4,175
20 years$21,412$17,315$13,894$11,072$8,771$3,528
21 years$20,178$16,128$12,780$10,049$7,849$2,984
22 years$19,057$15,055$11,778$9,136$7,036$2,526
23 years$18,036$14,081$10,875$8,321$6,316$2,141
24 years$17,101$13,193$10,058$7,589$5,677$1,815
25 years$16,242$12,381$9,316$6,931$5,108$1,540
26 years$15,451$11,636$8,640$6,337$4,601$1,307
27 years$14,719$10,951$8,023$5,801$4,148$1,110
28 years$14,041$10,319$7,458$5,315$3,743$943
29 years$13,411$9,735$6,940$4,874$3,380$801
30 years$12,824$9,193$6,465$4,473$3,054$681
31 years$12,276$8,691$6,027$4,108$2,761$579
32 years$11,763$8,223$5,623$3,775$2,498$492
33 years$11,282$7,788$5,250$3,472$2,260$418
34 years$10,831$7,381$4,906$3,194$2,047$356
35 years$10,406$7,001$4,586$2,940$1,854$303
36 years$10,006$6,645$4,291$2,708$1,679$257
37 years$9,628$6,311$4,016$2,495$1,522$219
38 years$9,271$5,998$3,761$2,300$1,380$186
39 years$8,933$5,703$3,523$2,121$1,251$158
40 years$8,613$5,426$3,302$1,956$1,135$135
41 years$8,309$5,165$3,097$1,805$1,030$115
42 years$8,021$4,919$2,905$1,665$934$98
43 years$7,746$4,687$2,726$1,537$848$83
44 years$7,485$4,468$2,559$1,419$770$71
45 years$7,236$4,260$2,402$1,311$699$60
46 years$6,999$4,064$2,256$1,211$634$51
47 years$6,773$3,878$2,120$1,119$576$44
48 years$6,556$3,702$1,992$1,034$523$37
49 years$6,349$3,536$1,872$955$475$32
50 years$6,151$3,377$1,760$883$432$27

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 $4,184 every year, while hoping to spend $45,674 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: 62/27/11 Blend
65$6,300,000$6,300,000$6,300,000$6,300,000
66$6,946,916$6,613,016$6,515,366$7,359,769
67$7,606,904$6,888,457$6,685,034$7,912,242
68$8,332,681$7,175,864$6,858,855$8,509,408
69$9,130,908$7,475,774$7,036,920$9,160,102
70$10,008,925$7,788,752$7,219,321$9,869,510
71$10,974,820$8,115,385$7,406,153$10,643,335
72$12,037,503$8,456,291$7,597,511$11,487,851
73$13,206,793$8,812,113$7,793,492$12,409,959
74$14,493,506$9,183,527$7,994,194$13,417,253
75$15,909,562$9,571,238$8,199,717$14,518,088
76$17,468,093$9,975,985$8,410,164$15,721,657
77$19,183,571$10,398,541$8,625,637$17,038,079
78$21,071,941$10,839,714$8,846,241$18,478,489
79$23,150,771$11,300,352$9,072,082$20,055,143
80$25,439,420$11,781,340$9,303,268$21,781,530
81$27,959,221$12,283,606$9,539,908$23,672,502
82$30,733,679$12,808,120$9,782,111$25,744,404
83$33,788,693$13,355,897$10,029,992$28,015,235
84$37,152,805$13,928,001$10,283,661$30,504,808
85$40,857,463$14,525,545$10,543,235$33,234,938
86$44,937,320$15,149,692$10,808,830$36,229,646
87$49,430,563$15,801,664$11,080,562$39,515,380
88$54,379,271$16,482,736$11,358,552$43,121,267
89$59,829,811$17,194,244$11,642,917$47,079,377
90$65,833,277$17,937,587$11,933,780$51,425,032
91$72,445,973$18,714,231$12,231,264$56,197,129
92$79,729,941$19,525,707$12,535,490$61,438,506
93$87,753,550$20,373,622$12,846,584$67,196,345
94$96,592,139$21,259,656$13,164,671$73,522,610
95$106,328,727$22,185,569$13,489,878$80,474,538
96$117,054,799$23,153,204$13,822,331$88,115,170
97$128,871,168$24,164,490$14,162,158$96,513,947
98$141,888,925$25,221,448$14,509,488$105,747,359
99$156,230,489$26,326,193$14,864,450$115,899,661
100$172,030,763$27,480,940$15,227,173$127,063,666