Can I retire at age 66 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$528,506$523,798$519,205$514,722$510,345$492,042
2 years$261,637$256,764$252,041$247,463$243,021$224,779
3 years$172,692$167,798$163,088$158,552$154,183$136,575
4 years$128,228$123,349$118,686$114,228$109,964$93,126
5 years$101,557$96,707$92,105$87,738$83,593$67,567
6 years$83,782$78,969$74,435$70,165$66,144$50,943
7 years$71,090$66,318$61,856$57,686$53,793$39,414
8 years$61,576$56,847$52,458$48,392$44,627$31,056
9 years$54,180$49,495$45,182$41,219$37,582$24,803
10 years$48,267$43,628$39,391$35,531$32,022$20,012
11 years$43,432$38,839$34,679$30,923$27,540$16,274
12 years$39,405$34,860$30,777$27,123$23,865$13,317
13 years$36,001$31,503$27,497$23,946$20,811$10,951
14 years$33,086$28,636$24,706$21,256$18,243$9,041
15 years$30,561$26,159$22,306$18,957$16,062$7,488
16 years$28,354$24,000$20,224$16,974$14,196$6,218
17 years$26,409$22,104$18,403$15,251$12,587$5,175
18 years$24,682$20,425$16,800$13,744$11,192$4,314
19 years$23,139$18,929$15,379$12,419$9,976$3,602
20 years$21,752$17,590$14,114$11,248$8,910$3,011
21 years$20,498$16,384$12,982$10,208$7,974$2,519
22 years$19,360$15,294$11,965$9,282$7,147$2,110
23 years$18,322$14,304$11,048$8,453$6,416$1,768
24 years$17,373$13,402$10,217$7,709$5,767$1,482
25 years$16,500$12,577$9,463$7,041$5,189$1,244
26 years$15,696$11,821$8,777$6,438$4,674$1,044
27 years$14,953$11,125$8,150$5,893$4,214$876
28 years$14,264$10,483$7,577$5,399$3,803$736
29 years$13,624$9,889$7,051$4,951$3,434$618
30 years$13,028$9,339$6,567$4,544$3,103$519
31 years$12,471$8,829$6,123$4,173$2,805$436
32 years$11,950$8,354$5,712$3,835$2,537$367
33 years$11,461$7,911$5,334$3,527$2,296$308
34 years$11,003$7,498$4,984$3,245$2,079$259
35 years$10,571$7,112$4,659$2,987$1,883$218
36 years$10,165$6,750$4,359$2,751$1,706$183
37 years$9,781$6,411$4,080$2,535$1,546$154
38 years$9,418$6,093$3,820$2,336$1,402$129
39 years$9,075$5,794$3,579$2,154$1,271$109
40 years$8,750$5,512$3,355$1,987$1,153$92
41 years$8,441$5,247$3,146$1,833$1,046$77
42 years$8,148$4,997$2,951$1,692$949$65
43 years$7,869$4,761$2,769$1,562$861$54
44 years$7,604$4,538$2,599$1,442$782$46
45 years$7,351$4,328$2,441$1,332$710$38
46 years$7,110$4,129$2,292$1,230$645$32
47 years$6,880$3,940$2,153$1,137$585$27
48 years$6,660$3,761$2,024$1,050$532$23
49 years$6,450$3,592$1,902$971$483$19
50 years$6,249$3,431$1,788$897$438$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $6,400,000, adding $3,020 every year, while hoping to spend $27,618 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: 51/24/25 Blend
65$6,400,000$6,400,000$6,400,000$6,400,000
66$7,055,915$6,716,715$6,617,515$7,366,141
67$7,746,233$7,016,449$6,809,817$7,881,606
68$8,506,038$7,329,944$7,007,634$8,438,735
69$9,342,388$7,657,845$7,211,124$9,043,978
70$10,263,061$8,000,829$7,420,446$9,701,919
71$11,276,627$8,359,603$7,635,765$10,417,595
72$12,392,528$8,734,909$7,857,249$11,196,542
73$13,621,171$9,127,525$8,085,071$12,044,850
74$14,974,020$9,538,263$8,319,411$12,969,214
75$16,463,709$9,967,977$8,560,450$13,976,996
76$18,104,161$10,417,562$8,808,379$15,076,294
77$19,910,715$10,887,952$9,063,389$16,276,015
78$21,900,276$11,380,129$9,325,680$17,585,959
79$24,091,469$11,895,121$9,595,456$19,016,905
80$26,504,822$12,434,004$9,872,926$20,580,715
81$29,162,951$12,997,908$10,158,307$22,290,440
82$32,090,780$13,588,013$10,451,818$24,160,443
83$35,315,774$14,205,560$10,753,688$26,206,530
84$38,868,196$14,851,847$11,064,151$28,446,097
85$42,781,398$15,528,233$11,383,446$30,898,293
86$47,092,129$16,236,144$11,711,819$33,584,193
87$51,840,885$16,977,075$12,049,524$36,527,001
88$57,072,294$17,752,590$12,396,822$39,752,258
89$62,835,531$18,564,329$12,753,978$43,288,085
90$69,184,786$19,414,013$13,121,268$47,165,440
91$76,179,777$20,303,442$13,498,973$51,418,413
92$83,886,308$21,234,505$13,887,382$56,084,538
93$92,376,896$22,209,180$14,286,794$61,205,145
94$101,731,450$23,229,540$14,697,512$66,825,747
95$112,038,031$24,297,760$15,119,851$72,996,463
96$123,393,676$25,416,117$15,554,133$79,772,487
97$135,905,323$26,586,998$16,000,688$87,214,606
98$149,690,810$27,812,905$16,459,855$95,389,766
99$164,879,995$29,096,461$16,931,983$104,371,701
100$181,615,981$30,440,413$17,417,430$114,241,621