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%19.7%
1 years$536,764$531,983$527,318$522,765$518,319$498,148
2 years$265,725$260,776$255,980$251,329$246,819$226,740
3 years$175,390$170,420$165,636$161,029$156,592$137,238
4 years$130,232$125,277$120,540$116,012$111,683$93,201
5 years$103,144$98,218$93,544$89,109$84,899$67,337
6 years$85,091$80,203$75,598$71,261$67,178$50,547
7 years$72,201$67,354$62,822$58,588$54,634$38,928
8 years$62,538$57,735$53,278$49,148$45,324$30,528
9 years$55,027$50,269$45,888$41,863$38,169$24,262
10 years$49,021$44,309$40,007$36,086$32,522$19,476
11 years$44,110$39,446$35,221$31,406$27,970$15,756
12 years$40,021$35,405$31,258$27,547$24,238$12,824
13 years$36,563$31,995$27,927$24,320$21,136$10,488
14 years$33,602$29,083$25,092$21,589$18,528$8,611
15 years$31,039$26,568$22,655$19,253$16,313$7,091
16 years$28,797$24,375$20,540$17,239$14,418$5,854
17 years$26,822$22,449$18,691$15,489$12,784$4,843
18 years$25,068$20,744$17,062$13,959$11,367$4,014
19 years$23,500$19,225$15,620$12,613$10,132$3,331
20 years$22,091$17,865$14,335$11,424$9,050$2,767
21 years$20,818$16,640$13,185$10,368$8,098$2,301
22 years$19,662$15,533$12,152$9,427$7,259$1,915
23 years$18,609$14,528$11,221$8,585$6,516$1,595
24 years$17,644$13,612$10,377$7,830$5,857$1,329
25 years$16,758$12,774$9,611$7,151$5,270$1,108
26 years$15,941$12,005$8,914$6,538$4,747$924
27 years$15,187$11,299$8,277$5,985$4,280$770
28 years$14,487$10,647$7,695$5,483$3,862$643
29 years$13,837$10,044$7,161$5,028$3,487$536
30 years$13,231$9,485$6,670$4,615$3,151$448
31 years$12,666$8,967$6,218$4,238$2,849$374
32 years$12,137$8,484$5,802$3,895$2,577$312
33 years$11,641$8,035$5,417$3,582$2,332$261
34 years$11,175$7,615$5,061$3,296$2,111$218
35 years$10,736$7,223$4,732$3,034$1,912$182
36 years$10,324$6,856$4,427$2,794$1,733$152
37 years$9,934$6,511$4,143$2,574$1,570$127
38 years$9,565$6,188$3,880$2,373$1,424$106
39 years$9,217$5,884$3,635$2,188$1,291$88
40 years$8,887$5,598$3,407$2,018$1,171$74
41 years$8,573$5,329$3,195$1,862$1,062$62
42 years$8,275$5,075$2,997$1,718$964$52
43 years$7,992$4,836$2,812$1,586$875$43
44 years$7,723$4,609$2,640$1,465$794$36
45 years$7,466$4,395$2,479$1,353$721$30
46 years$7,221$4,193$2,328$1,249$655$25
47 years$6,988$4,002$2,187$1,154$594$21
48 years$6,764$3,820$2,055$1,067$540$18
49 years$6,551$3,648$1,932$986$490$15
50 years$6,346$3,485$1,816$911$445$12

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 $2,504 every year, while hoping to spend $21,046 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: 32/38/30 Blend
56$6,500,000$6,500,000$6,500,000$6,500,000
57$7,165,583$6,821,083$6,720,333$7,329,372
58$7,874,080$7,132,923$6,923,071$7,767,912
59$8,654,138$7,459,338$7,131,896$8,237,897
60$9,513,034$7,801,020$7,346,989$8,743,713
61$10,458,787$8,158,694$7,568,537$9,288,537
62$11,500,233$8,533,119$7,796,732$9,875,845
63$12,647,108$8,925,093$8,031,774$10,509,451
64$13,910,140$9,335,450$8,273,866$11,193,535
65$15,301,152$9,765,065$8,523,218$11,932,678
66$16,833,171$10,214,855$8,780,047$12,731,908
67$18,520,552$10,685,780$9,044,576$13,596,738
68$20,379,113$11,178,848$9,317,034$14,533,221
69$22,426,285$11,695,114$9,597,657$15,547,996
70$24,681,277$12,235,686$9,886,690$16,648,355
71$27,165,255$12,801,722$10,184,381$17,842,300
72$29,901,542$13,394,438$10,490,990$19,138,621
73$32,915,843$14,015,108$10,806,781$20,546,974
74$36,236,478$14,665,068$11,132,028$22,077,961
75$39,894,660$15,345,717$11,467,012$23,743,236
76$43,924,781$16,058,524$11,812,023$25,555,600
77$48,364,742$16,805,025$12,167,359$27,529,126
78$53,256,308$17,586,832$12,533,327$29,679,278
79$58,645,501$18,405,637$12,910,243$32,023,059
80$64,583,040$19,263,211$13,298,434$34,579,160
81$71,124,811$20,161,410$13,698,233$37,368,134
82$78,332,404$21,102,181$14,109,986$40,412,582
83$86,273,687$22,087,565$14,534,048$43,737,361
84$95,023,449$23,119,702$14,970,784$47,369,811
85$104,664,106$24,200,833$15,420,571$51,340,006
86$115,286,481$25,333,310$15,883,797$55,681,032
87$126,990,658$26,519,597$16,360,859$60,429,287
88$139,886,926$27,762,279$16,852,169$65,624,821
89$154,096,825$29,064,064$17,358,150$71,311,707
90$169,754,290$30,427,791$17,879,236$77,538,439
91$187,006,912$31,856,437$18,415,875$84,358,393
92$206,017,339$33,353,125$18,968,529$91,830,310
93$226,964,805$34,921,125$19,537,672$100,018,848
94$250,046,824$36,563,869$20,123,793$108,995,177
95$275,481,054$38,284,953$20,727,394$118,837,641
96$303,507,354$40,088,148$21,348,994$129,632,488
97$334,390,044$41,977,408$21,989,126$141,474,670
98$368,420,405$43,956,876$22,648,337$154,468,725
99$405,919,423$46,030,900$23,327,193$168,729,755
100$447,240,825$48,204,035$24,026,275$184,384,494