Can I retire at age 74 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$536,764$531,983$527,318$522,765$518,319$511,207
2 years$265,725$260,776$255,980$251,329$246,819$239,666
3 years$175,390$170,420$165,636$161,029$156,592$149,621
4 years$130,232$125,277$120,540$116,012$111,683$104,947
5 years$103,144$98,218$93,544$89,109$84,899$78,418
6 years$85,091$80,203$75,598$71,261$67,178$60,960
7 years$72,201$67,354$62,822$58,588$54,634$48,680
8 years$62,538$57,735$53,278$49,148$45,324$39,635
9 years$55,027$50,269$45,888$41,863$38,169$32,741
10 years$49,021$44,309$40,007$36,086$32,522$27,352
11 years$44,110$39,446$35,221$31,406$27,970$23,052
12 years$40,021$35,405$31,258$27,547$24,238$19,568
13 years$36,563$31,995$27,927$24,320$21,136$16,706
14 years$33,602$29,083$25,092$21,589$18,528$14,332
15 years$31,039$26,568$22,655$19,253$16,313$12,344
16 years$28,797$24,375$20,540$17,239$14,418$10,668
17 years$26,822$22,449$18,691$15,489$12,784$9,245
18 years$25,068$20,744$17,062$13,959$11,367$8,032
19 years$23,500$19,225$15,620$12,613$10,132$6,992
20 years$22,091$17,865$14,335$11,424$9,050$6,097
21 years$20,818$16,640$13,185$10,368$8,098$5,326
22 years$19,662$15,533$12,152$9,427$7,259$4,658
23 years$18,609$14,528$11,221$8,585$6,516$4,078
24 years$17,644$13,612$10,377$7,830$5,857$3,574
25 years$16,758$12,774$9,611$7,151$5,270$3,135
26 years$15,941$12,005$8,914$6,538$4,747$2,752
27 years$15,187$11,299$8,277$5,985$4,280$2,418
28 years$14,487$10,647$7,695$5,483$3,862$2,125
29 years$13,837$10,044$7,161$5,028$3,487$1,869
30 years$13,231$9,485$6,670$4,615$3,151$1,644
31 years$12,666$8,967$6,218$4,238$2,849$1,447
32 years$12,137$8,484$5,802$3,895$2,577$1,274
33 years$11,641$8,035$5,417$3,582$2,332$1,122
34 years$11,175$7,615$5,061$3,296$2,111$988
35 years$10,736$7,223$4,732$3,034$1,912$871
36 years$10,324$6,856$4,427$2,794$1,733$767
37 years$9,934$6,511$4,143$2,574$1,570$676
38 years$9,565$6,188$3,880$2,373$1,424$596
39 years$9,217$5,884$3,635$2,188$1,291$526
40 years$8,887$5,598$3,407$2,018$1,171$464
41 years$8,573$5,329$3,195$1,862$1,062$409
42 years$8,275$5,075$2,997$1,718$964$361
43 years$7,992$4,836$2,812$1,586$875$318
44 years$7,723$4,609$2,640$1,465$794$281
45 years$7,466$4,395$2,479$1,353$721$248
46 years$7,221$4,193$2,328$1,249$655$218
47 years$6,988$4,002$2,187$1,154$594$193
48 years$6,764$3,820$2,055$1,067$540$170
49 years$6,551$3,648$1,932$986$490$150
50 years$6,346$3,485$1,816$911$445$132

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $6,500,000, adding $4,608 every year, while hoping to spend $38,647 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: 76/5/19 Blend
73$6,500,000$6,500,000$6,500,000$6,500,000
74$7,167,753$6,823,253$6,722,503$7,680,670
75$7,857,744$7,116,472$6,906,587$8,314,039
76$8,616,818$7,422,764$7,095,542$9,003,060
77$9,451,982$7,742,728$7,289,491$9,757,509
78$10,370,955$8,076,992$7,488,560$10,583,908
79$11,382,241$8,426,214$7,692,875$11,489,440
80$12,495,212$8,791,080$7,902,569$12,482,016
81$13,720,194$9,172,313$8,117,775$13,570,347
82$15,068,563$9,570,666$8,338,630$14,764,030
83$16,552,857$9,986,929$8,565,274$16,073,633
84$18,186,888$10,421,929$8,797,851$17,510,796
85$19,985,879$10,876,531$9,036,507$19,088,342
86$21,966,600$11,351,643$9,281,392$20,820,395
87$24,147,533$11,848,213$9,532,658$22,722,512
88$26,549,042$12,367,236$9,790,463$24,811,832
89$29,193,566$12,909,753$10,054,965$27,107,236
90$32,105,832$13,476,853$10,326,329$29,629,520
91$35,313,087$14,069,679$10,604,721$32,401,598
92$38,845,354$14,689,425$10,890,311$35,448,712
93$42,735,718$15,337,345$11,183,275$38,798,670
94$47,020,636$16,014,749$11,483,788$42,482,110
95$51,740,280$16,723,011$11,792,035$46,532,785
96$56,938,919$17,463,569$12,108,198$50,987,883
97$62,665,335$18,237,930$12,432,469$55,888,376
98$68,973,283$19,047,673$12,765,041$61,279,406
99$75,921,998$19,894,449$13,106,110$67,210,710
100$83,576,755$20,779,991$13,455,878$73,737,087