Can I retire at age 75 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$495,474$491,061$486,755$482,552$478,448$474,044
2 years$245,284$240,716$236,289$231,996$227,833$223,395
3 years$161,899$157,311$152,895$148,642$144,546$140,213
4 years$120,214$115,640$111,268$107,088$103,092$98,896
5 years$95,210$90,663$86,349$82,254$78,369$74,323
6 years$78,545$74,033$69,782$65,779$62,010$58,120
7 years$66,647$62,173$57,990$54,081$50,431$46,698
8 years$57,728$53,294$49,180$45,367$41,837$38,261
9 years$50,794$46,402$42,359$38,643$35,233$31,812
10 years$45,250$40,901$36,929$33,310$30,020$26,753
11 years$40,717$36,412$32,512$28,990$25,819$22,702
12 years$36,942$32,681$28,853$25,428$22,374$19,405
13 years$33,751$29,534$25,779$22,449$19,510$16,686
14 years$31,018$26,846$23,162$19,928$17,103$14,420
15 years$28,651$24,524$20,912$17,772$15,059$12,513
16 years$26,582$22,500$18,960$15,913$13,309$10,896
17 years$24,759$20,722$17,253$14,298$11,801$9,516
18 years$23,140$19,148$15,750$12,885$10,492$8,332
19 years$21,693$17,746$14,418$11,643$9,352$7,312
20 years$20,392$16,491$13,232$10,545$8,354$6,428
21 years$19,217$15,360$12,171$9,570$7,475$5,661
22 years$18,150$14,338$11,218$8,701$6,701$4,992
23 years$17,177$13,410$10,357$7,925$6,015$4,408
24 years$16,287$12,565$9,579$7,228$5,406$3,896
25 years$15,469$11,791$8,872$6,601$4,865$3,447
26 years$14,715$11,082$8,228$6,035$4,382$3,053
27 years$14,018$10,429$7,641$5,524$3,951$2,705
28 years$13,373$9,828$7,103$5,061$3,565$2,399
29 years$12,773$9,271$6,610$4,641$3,219$2,129
30 years$12,213$8,756$6,157$4,260$2,909$1,890
31 years$11,691$8,277$5,740$3,912$2,630$1,678
32 years$11,203$7,832$5,355$3,595$2,379$1,491
33 years$10,745$7,417$5,000$3,306$2,153$1,325
34 years$10,315$7,029$4,672$3,042$1,949$1,178
35 years$9,911$6,667$4,368$2,800$1,765$1,048
36 years$9,529$6,328$4,086$2,579$1,599$932
37 years$9,170$6,010$3,825$2,376$1,450$829
38 years$8,830$5,712$3,582$2,190$1,314$738
39 years$8,508$5,432$3,356$2,020$1,192$657
40 years$8,203$5,168$3,145$1,863$1,081$585
41 years$7,914$4,919$2,949$1,719$981$520
42 years$7,639$4,685$2,766$1,586$890$463
43 years$7,378$4,464$2,596$1,464$808$413
44 years$7,129$4,255$2,437$1,352$733$367
45 years$6,892$4,057$2,288$1,248$666$327
46 years$6,666$3,871$2,149$1,153$604$292
47 years$6,450$3,694$2,019$1,065$549$260
48 years$6,244$3,526$1,897$985$498$231
49 years$6,047$3,367$1,783$910$453$206
50 years$5,858$3,217$1,677$841$411$184

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $6,000,000, adding $2,829 every year, while hoping to spend $28,014 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: 33/42/25 Blend
74$6,000,000$6,000,000$6,000,000$6,000,000
75$6,614,918$6,296,918$6,203,918$6,782,632
76$7,259,833$6,575,660$6,381,943$7,188,016
77$7,969,590$6,867,122$6,564,992$7,621,893
78$8,750,775$7,171,897$6,753,205$8,088,946
79$9,610,641$7,490,607$6,946,725$8,592,125
80$10,557,182$7,823,903$7,145,696$9,134,662
81$11,599,209$8,172,468$7,350,271$9,720,100
82$12,746,425$8,537,016$7,560,602$10,352,322
83$14,009,526$8,918,296$7,776,848$11,035,589
84$15,400,298$9,317,092$7,999,172$11,774,575
85$16,931,725$9,734,226$8,227,741$12,574,406
86$18,618,116$10,170,558$8,462,725$13,440,710
87$20,475,238$10,626,990$8,704,302$14,379,664
88$22,520,467$11,104,467$8,952,650$15,398,048
89$24,772,946$11,603,978$9,207,956$16,503,309
90$27,253,773$12,126,560$9,470,409$17,703,625
91$29,986,196$12,673,298$9,740,205$19,007,979
92$32,995,830$13,245,332$10,017,544$20,426,240
93$36,310,905$13,843,854$10,302,632$21,969,253
94$39,962,526$14,470,112$10,595,679$23,648,934
95$43,984,972$15,125,416$10,896,903$25,478,382
96$48,416,015$15,811,137$11,206,525$27,471,995
97$53,297,279$16,528,713$11,524,774$29,645,602
98$58,674,631$17,279,649$11,851,883$32,016,607
99$64,598,615$18,065,524$12,188,093$34,604,148
100$71,124,929$18,887,990$12,533,650$37,429,273