Can I retire at age 59 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%16.4%
1 years$536,764$531,983$527,318$522,765$518,319$504,765
2 years$265,725$260,776$255,980$251,329$246,819$233,256
3 years$175,390$170,420$165,636$161,029$156,592$143,444
4 years$130,232$125,277$120,540$116,012$111,683$99,051
5 years$103,144$98,218$93,544$89,109$84,899$72,819
6 years$85,091$80,203$75,598$71,261$67,178$55,661
7 years$72,201$67,354$62,822$58,588$54,634$43,681
8 years$62,538$57,735$53,278$49,148$45,324$34,930
9 years$55,027$50,269$45,888$41,863$38,169$28,324
10 years$49,021$44,309$40,007$36,086$32,522$23,215
11 years$44,110$39,446$35,221$31,406$27,970$19,186
12 years$40,021$35,405$31,258$27,547$24,238$15,961
13 years$36,563$31,995$27,927$24,320$21,136$13,350
14 years$33,602$29,083$25,092$21,589$18,528$11,214
15 years$31,039$26,568$22,655$19,253$16,313$9,454
16 years$28,797$24,375$20,540$17,239$14,418$7,993
17 years$26,822$22,449$18,691$15,489$12,784$6,775
18 years$25,068$20,744$17,062$13,959$11,367$5,754
19 years$23,500$19,225$15,620$12,613$10,132$4,895
20 years$22,091$17,865$14,335$11,424$9,050$4,171
21 years$20,818$16,640$13,185$10,368$8,098$3,558
22 years$19,662$15,533$12,152$9,427$7,259$3,038
23 years$18,609$14,528$11,221$8,585$6,516$2,597
24 years$17,644$13,612$10,377$7,830$5,857$2,221
25 years$16,758$12,774$9,611$7,151$5,270$1,901
26 years$15,941$12,005$8,914$6,538$4,747$1,628
27 years$15,187$11,299$8,277$5,985$4,280$1,395
28 years$14,487$10,647$7,695$5,483$3,862$1,195
29 years$13,837$10,044$7,161$5,028$3,487$1,025
30 years$13,231$9,485$6,670$4,615$3,151$879
31 years$12,666$8,967$6,218$4,238$2,849$754
32 years$12,137$8,484$5,802$3,895$2,577$647
33 years$11,641$8,035$5,417$3,582$2,332$555
34 years$11,175$7,615$5,061$3,296$2,111$476
35 years$10,736$7,223$4,732$3,034$1,912$409
36 years$10,324$6,856$4,427$2,794$1,733$351
37 years$9,934$6,511$4,143$2,574$1,570$301
38 years$9,565$6,188$3,880$2,373$1,424$259
39 years$9,217$5,884$3,635$2,188$1,291$222
40 years$8,887$5,598$3,407$2,018$1,171$191
41 years$8,573$5,329$3,195$1,862$1,062$164
42 years$8,275$5,075$2,997$1,718$964$141
43 years$7,992$4,836$2,812$1,586$875$121
44 years$7,723$4,609$2,640$1,465$794$104
45 years$7,466$4,395$2,479$1,353$721$89
46 years$7,221$4,193$2,328$1,249$655$77
47 years$6,988$4,002$2,187$1,154$594$66
48 years$6,764$3,820$2,055$1,067$540$57
49 years$6,551$3,648$1,932$986$490$49
50 years$6,346$3,485$1,816$911$445$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $6,500,000, adding $5,920 every year, while hoping to spend $40,855 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: 80/5/15 Blend
58$6,500,000$6,500,000$6,500,000$6,500,000
59$7,169,106$6,824,606$6,723,856$7,720,057
60$7,856,886$7,115,543$6,905,636$8,374,259
61$8,613,450$7,419,366$7,092,136$9,086,215
62$9,445,770$7,736,664$7,283,472$9,866,419
63$10,361,531$8,068,052$7,479,760$10,721,694
64$11,369,196$8,414,176$7,681,121$11,659,556
65$12,478,093$8,775,709$7,887,678$12,688,282
66$13,698,499$9,153,359$8,099,555$13,816,988
67$15,041,737$9,547,865$8,316,881$15,055,716
68$16,520,283$9,959,999$8,539,786$16,415,526
69$18,147,887$10,390,574$8,768,403$17,908,603
70$19,939,695$10,840,436$9,002,869$19,548,366
71$21,912,401$11,310,475$9,243,323$21,349,600
72$24,084,398$11,801,619$9,489,905$23,328,590
73$26,475,951$12,314,843$9,742,761$25,503,278
74$29,109,393$12,851,166$10,002,039$27,893,428
75$32,009,333$13,411,655$10,267,889$30,520,814
76$35,202,886$13,997,427$10,540,464$33,409,424
77$38,719,932$14,609,653$10,819,922$36,585,687
78$42,593,397$15,249,558$11,106,422$40,078,718
79$46,859,563$15,918,425$11,400,126$43,920,597
80$51,558,409$16,617,599$11,701,201$48,146,665
81$56,733,992$17,348,486$12,009,816$52,795,863
82$62,434,857$18,112,560$12,326,143$57,911,095
83$68,714,502$18,911,365$12,650,358$63,539,630
84$75,631,876$19,746,517$12,982,640$69,733,551
85$83,251,940$20,619,709$13,323,171$76,550,246
86$91,646,277$21,532,714$13,672,136$84,052,944
87$100,893,769$22,487,389$14,029,725$92,311,315
88$111,081,343$23,485,680$14,396,130$101,402,123
89$122,304,786$24,529,624$14,771,546$111,409,955
90$134,669,654$25,621,356$15,156,173$122,428,011
91$148,292,267$26,763,110$15,550,213$134,558,986
92$163,300,804$27,957,229$15,953,872$147,916,041
93$179,836,519$29,206,166$16,367,359$162,623,864
94$198,055,066$30,512,490$16,790,888$178,819,848
95$218,127,975$31,878,894$17,224,674$196,655,390
96$240,244,265$33,308,197$17,668,938$216,297,312
97$264,612,236$34,803,354$18,123,903$237,929,439
98$291,461,425$36,367,460$18,589,795$261,754,331
99$321,044,782$38,003,757$19,066,845$287,995,194
100$353,641,052$39,715,644$19,555,286$316,897,983