Can I retire at age 67 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$536,764$531,983$527,318$522,765$518,319$515,918
2 years$265,725$260,776$255,980$251,329$246,819$244,395
3 years$175,390$170,420$165,636$161,029$156,592$154,221
4 years$130,232$125,277$120,540$116,012$111,683$109,382
5 years$103,144$98,218$93,544$89,109$84,899$82,677
6 years$85,091$80,203$75,598$71,261$67,178$65,036
7 years$72,201$67,354$62,822$58,588$54,634$52,573
8 years$62,538$57,735$53,278$49,148$45,324$43,345
9 years$55,027$50,269$45,888$41,863$38,169$36,271
10 years$49,021$44,309$40,007$36,086$32,522$30,704
11 years$44,110$39,446$35,221$31,406$27,970$26,232
12 years$40,021$35,405$31,258$27,547$24,238$22,577
13 years$36,563$31,995$27,927$24,320$21,136$19,552
14 years$33,602$29,083$25,092$21,589$18,528$17,018
15 years$31,039$26,568$22,655$19,253$16,313$14,876
16 years$28,797$24,375$20,540$17,239$14,418$13,051
17 years$26,822$22,449$18,691$15,489$12,784$11,485
18 years$25,068$20,744$17,062$13,959$11,367$10,135
19 years$23,500$19,225$15,620$12,613$10,132$8,964
20 years$22,091$17,865$14,335$11,424$9,050$7,944
21 years$20,818$16,640$13,185$10,368$8,098$7,053
22 years$19,662$15,533$12,152$9,427$7,259$6,271
23 years$18,609$14,528$11,221$8,585$6,516$5,583
24 years$17,644$13,612$10,377$7,830$5,857$4,977
25 years$16,758$12,774$9,611$7,151$5,270$4,441
26 years$15,941$12,005$8,914$6,538$4,747$3,967
27 years$15,187$11,299$8,277$5,985$4,280$3,546
28 years$14,487$10,647$7,695$5,483$3,862$3,172
29 years$13,837$10,044$7,161$5,028$3,487$2,839
30 years$13,231$9,485$6,670$4,615$3,151$2,543
31 years$12,666$8,967$6,218$4,238$2,849$2,279
32 years$12,137$8,484$5,802$3,895$2,577$2,043
33 years$11,641$8,035$5,417$3,582$2,332$1,832
34 years$11,175$7,615$5,061$3,296$2,111$1,644
35 years$10,736$7,223$4,732$3,034$1,912$1,476
36 years$10,324$6,856$4,427$2,794$1,733$1,325
37 years$9,934$6,511$4,143$2,574$1,570$1,190
38 years$9,565$6,188$3,880$2,373$1,424$1,069
39 years$9,217$5,884$3,635$2,188$1,291$960
40 years$8,887$5,598$3,407$2,018$1,171$863
41 years$8,573$5,329$3,195$1,862$1,062$775
42 years$8,275$5,075$2,997$1,718$964$697
43 years$7,992$4,836$2,812$1,586$875$627
44 years$7,723$4,609$2,640$1,465$794$563
45 years$7,466$4,395$2,479$1,353$721$507
46 years$7,221$4,193$2,328$1,249$655$456
47 years$6,988$4,002$2,187$1,154$594$410
48 years$6,764$3,820$2,055$1,067$540$368
49 years$6,551$3,648$1,932$986$490$331
50 years$6,346$3,485$1,816$911$445$298

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $6,500,000, adding $5,100 every year, while hoping to spend $20,016 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: 73/7/20 Blend
66$6,500,000$6,500,000$6,500,000$6,500,000
67$7,168,261$6,823,761$6,723,011$7,656,849
68$7,878,126$7,136,828$6,926,935$8,295,294
69$8,659,728$7,464,565$7,137,019$8,991,608
70$9,520,360$7,807,669$7,353,450$9,753,941
71$10,468,063$8,166,871$7,576,417$10,588,854
72$11,511,696$8,542,938$7,806,117$11,503,571
73$12,661,020$8,936,673$8,042,753$12,506,045
74$13,926,791$9,348,917$8,286,532$13,605,034
75$15,320,863$9,780,554$8,537,670$14,810,183
76$16,856,297$10,232,507$8,796,388$16,132,112
77$18,547,486$10,705,745$9,062,913$17,582,519
78$20,410,288$11,201,286$9,337,480$19,174,285
79$22,462,182$11,720,194$9,620,330$20,921,597
80$24,722,426$12,263,584$9,911,712$22,840,082
81$27,212,241$12,832,627$10,211,882$24,946,951
82$29,955,013$13,428,549$10,521,104$27,261,161
83$32,976,512$14,052,636$10,839,649$29,803,594
84$36,305,136$14,706,235$11,167,796$32,597,251
85$39,972,177$15,390,759$11,505,835$35,667,470
86$44,012,121$16,107,687$11,854,062$39,042,161
87$48,462,966$16,858,572$12,212,782$42,752,072
88$53,366,588$17,645,042$12,582,310$46,831,074
89$58,769,132$18,468,801$12,962,969$51,316,481
90$64,721,449$19,331,638$13,355,094$56,249,401
91$71,279,575$20,235,426$13,759,028$61,675,122
92$78,505,261$21,182,131$14,175,125$67,643,536
93$86,466,554$22,173,813$14,603,748$74,209,614
94$95,238,443$23,212,630$15,045,274$81,433,914
95$104,903,562$24,300,846$15,500,088$89,383,161
96$115,552,973$25,440,836$15,968,589$98,130,866
97$127,287,026$26,635,086$16,451,186$107,758,023
98$140,216,302$27,886,205$16,948,301$118,353,872
99$154,462,664$29,196,928$17,460,368$130,016,735
100$170,160,400$30,570,122$17,987,835$142,854,946