Can I retire at age 57 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%12.2%
1 years$536,764$531,983$527,318$522,765$518,319$513,548
2 years$265,725$260,776$255,980$251,329$246,819$242,011
3 years$175,390$170,420$165,636$161,029$156,592$151,897
4 years$130,232$125,277$120,540$116,012$111,683$107,137
5 years$103,144$98,218$93,544$89,109$84,899$80,517
6 years$85,091$80,203$75,598$71,261$67,178$62,963
7 years$72,201$67,354$62,822$58,588$54,634$50,589
8 years$62,538$57,735$53,278$49,148$45,324$41,449
9 years$55,027$50,269$45,888$41,863$38,169$34,463
10 years$49,021$44,309$40,007$36,086$32,522$28,982
11 years$44,110$39,446$35,221$31,406$27,970$24,594
12 years$40,021$35,405$31,258$27,547$24,238$21,022
13 years$36,563$31,995$27,927$24,320$21,136$18,077
14 years$33,602$29,083$25,092$21,589$18,528$15,621
15 years$31,039$26,568$22,655$19,253$16,313$13,555
16 years$28,797$24,375$20,540$17,239$14,418$11,804
17 years$26,822$22,449$18,691$15,489$12,784$10,309
18 years$25,068$20,744$17,062$13,959$11,367$9,027
19 years$23,500$19,225$15,620$12,613$10,132$7,921
20 years$22,091$17,865$14,335$11,424$9,050$6,964
21 years$20,818$16,640$13,185$10,368$8,098$6,133
22 years$19,662$15,533$12,152$9,427$7,259$5,408
23 years$18,609$14,528$11,221$8,585$6,516$4,775
24 years$17,644$13,612$10,377$7,830$5,857$4,221
25 years$16,758$12,774$9,611$7,151$5,270$3,735
26 years$15,941$12,005$8,914$6,538$4,747$3,307
27 years$15,187$11,299$8,277$5,985$4,280$2,931
28 years$14,487$10,647$7,695$5,483$3,862$2,599
29 years$13,837$10,044$7,161$5,028$3,487$2,306
30 years$13,231$9,485$6,670$4,615$3,151$2,047
31 years$12,666$8,967$6,218$4,238$2,849$1,818
32 years$12,137$8,484$5,802$3,895$2,577$1,615
33 years$11,641$8,035$5,417$3,582$2,332$1,436
34 years$11,175$7,615$5,061$3,296$2,111$1,276
35 years$10,736$7,223$4,732$3,034$1,912$1,135
36 years$10,324$6,856$4,427$2,794$1,733$1,010
37 years$9,934$6,511$4,143$2,574$1,570$898
38 years$9,565$6,188$3,880$2,373$1,424$799
39 years$9,217$5,884$3,635$2,188$1,291$711
40 years$8,887$5,598$3,407$2,018$1,171$633
41 years$8,573$5,329$3,195$1,862$1,062$564
42 years$8,275$5,075$2,997$1,718$964$502
43 years$7,992$4,836$2,812$1,586$875$447
44 years$7,723$4,609$2,640$1,465$794$398
45 years$7,466$4,395$2,479$1,353$721$355
46 years$7,221$4,193$2,328$1,249$655$316
47 years$6,988$4,002$2,187$1,154$594$281
48 years$6,764$3,820$2,055$1,067$540$251
49 years$6,551$3,648$1,932$986$490$223
50 years$6,346$3,485$1,816$911$445$199

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,500,000, adding $5,698 every year, while hoping to spend $44,009 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: 52/35/13 Blend
56$6,500,000$6,500,000$6,500,000$6,500,000
57$7,168,877$6,824,377$6,723,627$7,516,539
58$7,853,278$7,111,947$6,902,044$8,042,208
59$8,606,012$7,412,132$7,084,962$8,608,454
60$9,434,003$7,725,505$7,272,487$9,223,289
61$10,344,881$8,052,663$7,464,724$9,891,320
62$11,347,049$8,394,234$7,661,782$10,617,606
63$12,449,768$8,750,872$7,863,772$11,407,711
64$13,663,242$9,123,262$8,070,806$12,267,748
65$14,998,714$9,512,123$8,283,000$13,204,439
66$16,468,571$9,918,206$8,500,469$14,225,174
67$18,086,464$10,342,296$8,723,333$15,338,079
68$19,867,432$10,785,217$8,951,713$16,552,093
69$21,828,047$11,247,830$9,185,732$17,877,043
70$23,986,570$11,731,036$9,425,516$19,323,743
71$26,363,122$12,235,779$9,671,193$20,904,087
72$28,979,875$12,763,047$9,922,893$22,631,159
73$31,861,260$13,313,874$10,180,748$24,519,358
74$35,034,198$13,889,343$10,444,892$26,584,526
75$38,528,353$14,490,587$10,715,462$28,844,096
76$42,376,412$15,118,793$10,992,598$31,317,255
77$46,614,396$15,775,204$11,276,440$34,025,118
78$51,281,995$16,461,120$11,567,131$36,990,927
79$56,422,947$17,177,903$11,864,818$40,240,265
80$62,085,446$17,926,979$12,169,649$43,801,294
81$68,322,603$18,709,842$12,481,773$47,705,015
82$75,192,939$19,528,055$12,801,343$51,985,559
83$82,760,944$20,383,255$13,128,514$56,680,505
84$91,097,684$21,277,158$13,463,442$61,831,224
85$100,281,467$22,211,558$13,806,287$67,483,273
86$110,398,588$23,188,336$14,157,209$73,686,815
87$121,544,141$24,209,461$14,516,372$80,497,086
88$133,822,914$25,276,996$14,883,942$87,974,915
89$147,350,383$26,393,100$15,260,085$96,187,288
90$162,253,795$27,560,035$15,644,971$105,207,979
91$178,673,376$28,780,171$16,038,771$115,118,234
92$196,763,650$30,055,988$16,441,659$126,007,537
93$216,694,897$31,390,087$16,853,810$137,974,443
94$238,654,765$32,785,189$17,275,401$151,127,506
95$262,850,034$34,244,147$17,706,610$165,586,290
96$289,508,574$35,769,946$18,147,618$181,482,495
97$318,881,492$37,365,717$18,598,606$198,961,189
98$351,245,503$39,034,736$19,059,759$218,182,169
99$386,905,543$40,780,437$19,531,260$239,321,462
100$426,197,648$42,606,418$20,013,296$262,572,974