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%18.3%
1 years$495,474$491,061$486,755$482,552$478,448$462,393
2 years$245,284$240,716$236,289$231,996$227,833$211,815
3 years$161,899$157,311$152,895$148,642$144,546$129,070
4 years$120,214$115,640$111,268$107,088$103,092$88,275
5 years$95,210$90,663$86,349$82,254$78,369$64,251
6 years$78,545$74,033$69,782$65,779$62,010$48,603
7 years$66,647$62,173$57,990$54,081$50,431$37,732
8 years$57,728$53,294$49,180$45,367$41,837$29,837
9 years$50,794$46,402$42,359$38,643$35,233$23,917
10 years$45,250$40,901$36,929$33,310$30,020$19,370
11 years$40,717$36,412$32,512$28,990$25,819$15,814
12 years$36,942$32,681$28,853$25,428$22,374$12,992
13 years$33,751$29,534$25,779$22,449$19,510$10,727
14 years$31,018$26,846$23,162$19,928$17,103$8,894
15 years$28,651$24,524$20,912$17,772$15,059$7,398
16 years$26,582$22,500$18,960$15,913$13,309$6,170
17 years$24,759$20,722$17,253$14,298$11,801$5,157
18 years$23,140$19,148$15,750$12,885$10,492$4,319
19 years$21,693$17,746$14,418$11,643$9,352$3,622
20 years$20,392$16,491$13,232$10,545$8,354$3,042
21 years$19,217$15,360$12,171$9,570$7,475$2,557
22 years$18,150$14,338$11,218$8,701$6,701$2,151
23 years$17,177$13,410$10,357$7,925$6,015$1,811
24 years$16,287$12,565$9,579$7,228$5,406$1,526
25 years$15,469$11,791$8,872$6,601$4,865$1,286
26 years$14,715$11,082$8,228$6,035$4,382$1,085
27 years$14,018$10,429$7,641$5,524$3,951$915
28 years$13,373$9,828$7,103$5,061$3,565$772
29 years$12,773$9,271$6,610$4,641$3,219$652
30 years$12,213$8,756$6,157$4,260$2,909$550
31 years$11,691$8,277$5,740$3,912$2,630$465
32 years$11,203$7,832$5,355$3,595$2,379$393
33 years$10,745$7,417$5,000$3,306$2,153$332
34 years$10,315$7,029$4,672$3,042$1,949$280
35 years$9,911$6,667$4,368$2,800$1,765$237
36 years$9,529$6,328$4,086$2,579$1,599$200
37 years$9,170$6,010$3,825$2,376$1,450$169
38 years$8,830$5,712$3,582$2,190$1,314$143
39 years$8,508$5,432$3,356$2,020$1,192$121
40 years$8,203$5,168$3,145$1,863$1,081$102
41 years$7,914$4,919$2,949$1,719$981$86
42 years$7,639$4,685$2,766$1,586$890$73
43 years$7,378$4,464$2,596$1,464$808$62
44 years$7,129$4,255$2,437$1,352$733$52
45 years$6,892$4,057$2,288$1,248$666$44
46 years$6,666$3,871$2,149$1,153$604$37
47 years$6,450$3,694$2,019$1,065$549$31
48 years$6,244$3,526$1,897$985$498$27
49 years$6,047$3,367$1,783$910$453$22
50 years$5,858$3,217$1,677$841$411$19

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 $5,858 every year, while hoping to spend $29,281 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: 36/34/30 Blend
74$6,000,000$6,000,000$6,000,000$6,000,000
75$6,618,043$6,300,043$6,207,043$6,796,593
76$7,261,928$6,577,590$6,383,824$7,208,196
77$7,970,509$6,867,756$6,565,546$7,649,200
78$8,750,352$7,171,127$6,752,343$8,124,760
79$9,608,695$7,488,320$6,944,354$8,638,012
80$10,553,513$7,819,978$7,141,720$9,192,390
81$11,593,590$8,166,776$7,344,587$9,791,668
82$12,738,610$8,529,422$7,553,104$10,439,985
83$13,999,239$8,908,654$7,767,424$11,141,884
84$15,387,234$9,305,250$7,987,705$11,902,355
85$16,915,546$9,720,022$8,214,107$12,726,875
86$18,598,448$10,153,820$8,446,797$13,621,462
87$20,451,669$10,607,536$8,685,943$14,592,726
88$22,492,537$11,082,103$8,931,720$15,647,929
89$24,740,150$11,578,501$9,184,307$16,795,052
90$27,215,551$12,097,753$9,443,887$18,042,866
91$29,941,928$12,640,933$9,710,648$19,401,010
92$32,944,833$13,209,167$9,984,783$20,880,084
93$36,252,422$13,803,633$10,266,490$22,491,738
94$39,895,723$14,425,564$10,555,970$24,248,785
95$43,908,925$15,076,255$10,853,434$26,165,315
96$48,329,704$15,757,061$11,159,093$28,256,825
97$53,199,579$16,469,401$11,473,167$30,540,359
98$58,564,298$17,214,764$11,795,880$33,034,668
99$64,474,277$17,994,708$12,127,463$35,760,380
100$70,985,071$18,810,866$12,468,151$38,740,191