Can I retire at age 66 with 6,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$569,796$564,720$559,768$554,935$550,216$543,566
2 years$282,077$276,824$271,732$266,796$262,007$255,315
3 years$186,183$180,907$175,829$170,939$166,228$159,701
4 years$138,246$132,986$127,958$123,152$118,555$112,244
5 years$109,491$104,263$99,301$94,592$90,124$84,047
6 years$90,327$85,138$80,250$75,646$71,312$65,476
7 years$76,644$71,499$66,688$62,193$57,996$52,404
8 years$66,387$61,288$56,557$52,172$48,113$42,764
9 years$58,413$53,362$48,712$44,439$40,518$35,411
10 years$52,037$47,036$42,468$38,307$34,524$29,653
11 years$46,825$41,873$37,389$33,338$29,691$25,055
12 years$42,484$37,583$33,181$29,242$25,730$21,321
13 years$38,814$33,964$29,645$25,817$22,437$18,251
14 years$35,670$30,873$26,637$22,917$19,668$15,699
15 years$32,949$28,203$24,049$20,438$17,317$13,558
16 years$30,570$25,875$21,804$18,300$15,305$11,749
17 years$28,473$23,830$19,841$16,442$13,571$10,211
18 years$26,611$22,020$18,112$14,818$12,066$8,897
19 years$24,947$20,408$16,581$13,389$10,755$7,768
20 years$23,451$18,964$15,217$12,127$9,607$6,794
21 years$22,099$17,665$13,997$11,006$8,597$5,952
22 years$20,872$16,489$12,900$10,007$7,706$5,221
23 years$19,754$15,422$11,911$9,113$6,917$4,586
24 years$18,730$14,449$11,016$8,312$6,217$4,031
25 years$17,789$13,560$10,203$7,591$5,595$3,548
26 years$16,922$12,744$9,463$6,941$5,039$3,124
27 years$16,121$11,994$8,787$6,353$4,543$2,753
28 years$15,379$11,302$8,168$5,821$4,100$2,428
29 years$14,688$10,662$7,601$5,338$3,702$2,142
30 years$14,045$10,069$7,080$4,899$3,345$1,891
31 years$13,445$9,519$6,601$4,499$3,024$1,669
32 years$12,883$9,006$6,159$4,135$2,736$1,475
33 years$12,357$8,529$5,750$3,802$2,476$1,303
34 years$11,862$8,084$5,373$3,498$2,241$1,152
35 years$11,397$7,667$5,023$3,220$2,030$1,018
36 years$10,959$7,277$4,699$2,966$1,839$900
37 years$10,545$6,912$4,398$2,733$1,667$796
38 years$10,154$6,569$4,119$2,519$1,511$704
39 years$9,784$6,246$3,859$2,322$1,371$623
40 years$9,433$5,943$3,617$2,142$1,243$551
41 years$9,101$5,657$3,392$1,976$1,128$488
42 years$8,785$5,388$3,181$1,824$1,023$432
43 years$8,484$5,133$2,985$1,684$929$382
44 years$8,198$4,893$2,802$1,555$843$338
45 years$7,926$4,666$2,631$1,436$765$300
46 years$7,666$4,451$2,471$1,326$695$265
47 years$7,418$4,248$2,322$1,225$631$235
48 years$7,180$4,055$2,182$1,132$573$208
49 years$6,954$3,872$2,051$1,046$520$184
50 years$6,737$3,699$1,928$967$473$163

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $6,900,000, adding $4,764 every year, while hoping to spend $31,252 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: 61/18/21 Blend
65$6,900,000$6,900,000$6,900,000$6,900,000
66$7,608,714$7,243,014$7,136,064$8,030,748
67$8,351,551$7,564,670$7,341,870$8,638,480
68$9,169,110$7,901,039$7,553,524$9,297,590
69$10,068,979$8,252,811$7,771,187$10,016,247
70$11,059,521$8,620,704$7,995,028$10,800,243
71$12,149,948$9,005,475$8,225,217$11,655,951
72$13,350,414$9,407,913$8,461,932$12,590,384
73$14,672,103$9,828,849$8,705,354$13,611,258
74$16,127,343$10,269,148$8,955,669$14,727,063
75$17,729,717$10,729,720$9,213,069$15,947,141
76$19,494,189$11,211,518$9,477,748$17,281,778
77$21,437,254$11,715,540$9,749,910$18,742,291
78$23,577,083$12,242,830$10,029,761$20,341,139
79$25,933,701$12,794,485$10,317,513$22,092,035
80$28,529,174$13,371,650$10,613,386$24,010,078
81$31,387,818$13,975,529$10,917,603$26,111,888
82$34,536,427$14,607,382$11,230,394$28,415,765
83$38,004,526$15,268,527$11,551,995$30,941,857
84$41,824,651$15,960,348$11,882,650$33,712,349
85$46,032,654$16,684,293$12,222,608$36,751,669
86$50,668,042$17,441,882$12,572,123$40,086,718
87$55,774,352$18,234,704$12,931,459$43,747,118
88$61,399,558$19,064,426$13,300,885$47,765,493
89$67,596,526$19,932,796$13,680,678$52,177,770
90$74,423,513$20,841,644$14,071,121$57,023,517
91$81,944,714$21,792,888$14,472,507$62,346,315
92$90,230,874$22,788,538$14,885,134$68,194,162
93$99,359,947$23,830,700$15,309,310$74,619,927
94$109,417,839$24,921,582$15,745,350$81,681,843
95$120,499,217$26,063,498$16,193,577$89,444,053
96$132,708,399$27,258,871$16,654,324$97,977,213
97$146,160,343$28,510,243$17,127,931$107,359,153
98$160,981,730$29,820,277$17,614,749$117,675,610
99$177,312,158$31,191,762$18,115,134$129,021,029
100$195,305,464$32,627,624$18,629,458$141,499,456