Can I retire at age 61 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%20%
1 years$536,764$531,983$527,318$522,765$518,319$497,558
2 years$265,725$260,776$255,980$251,329$246,819$226,163
3 years$175,390$170,420$165,636$161,029$156,592$136,692
4 years$130,232$125,277$120,540$116,012$111,683$92,690
5 years$103,144$98,218$93,544$89,109$84,899$66,862
6 years$85,091$80,203$75,598$71,261$67,178$50,107
7 years$72,201$67,354$62,822$58,588$54,634$38,523
8 years$62,538$57,735$53,278$49,148$45,324$30,157
9 years$55,027$50,269$45,888$41,863$38,169$23,922
10 years$49,021$44,309$40,007$36,086$32,522$19,167
11 years$44,110$39,446$35,221$31,406$27,970$15,476
12 years$40,021$35,405$31,258$27,547$24,238$12,571
13 years$36,563$31,995$27,927$24,320$21,136$10,260
14 years$33,602$29,083$25,092$21,589$18,528$8,405
15 years$31,039$26,568$22,655$19,253$16,313$6,907
16 years$28,797$24,375$20,540$17,239$14,418$5,690
17 years$26,822$22,449$18,691$15,489$12,784$4,697
18 years$25,068$20,744$17,062$13,959$11,367$3,884
19 years$23,500$19,225$15,620$12,613$10,132$3,215
20 years$22,091$17,865$14,335$11,424$9,050$2,665
21 years$20,818$16,640$13,185$10,368$8,098$2,211
22 years$19,662$15,533$12,152$9,427$7,259$1,836
23 years$18,609$14,528$11,221$8,585$6,516$1,525
24 years$17,644$13,612$10,377$7,830$5,857$1,268
25 years$16,758$12,774$9,611$7,151$5,270$1,054
26 years$15,941$12,005$8,914$6,538$4,747$877
27 years$15,187$11,299$8,277$5,985$4,280$730
28 years$14,487$10,647$7,695$5,483$3,862$607
29 years$13,837$10,044$7,161$5,028$3,487$506
30 years$13,231$9,485$6,670$4,615$3,151$421
31 years$12,666$8,967$6,218$4,238$2,849$351
32 years$12,137$8,484$5,802$3,895$2,577$292
33 years$11,641$8,035$5,417$3,582$2,332$243
34 years$11,175$7,615$5,061$3,296$2,111$203
35 years$10,736$7,223$4,732$3,034$1,912$169
36 years$10,324$6,856$4,427$2,794$1,733$141
37 years$9,934$6,511$4,143$2,574$1,570$117
38 years$9,565$6,188$3,880$2,373$1,424$98
39 years$9,217$5,884$3,635$2,188$1,291$81
40 years$8,887$5,598$3,407$2,018$1,171$68
41 years$8,573$5,329$3,195$1,862$1,062$56
42 years$8,275$5,075$2,997$1,718$964$47
43 years$7,992$4,836$2,812$1,586$875$39
44 years$7,723$4,609$2,640$1,465$794$33
45 years$7,466$4,395$2,479$1,353$721$27
46 years$7,221$4,193$2,328$1,249$655$23
47 years$6,988$4,002$2,187$1,154$594$19
48 years$6,764$3,820$2,055$1,067$540$16
49 years$6,551$3,648$1,932$986$490$13
50 years$6,346$3,485$1,816$911$445$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $6,500,000, adding $6,441 every year, while hoping to spend $47,971 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: 81/12/7 Blend
60$6,500,000$6,500,000$6,500,000$6,500,000
61$7,169,644$6,825,144$6,724,394$7,744,789
62$7,849,907$7,108,535$6,898,620$8,405,524
63$8,597,949$7,404,205$7,077,076$9,123,516
64$9,420,633$7,712,704$7,259,851$9,910,068
65$10,325,519$8,034,609$7,447,038$10,772,007
66$11,320,940$8,370,522$7,638,731$11,716,852
67$12,416,074$8,721,076$7,835,027$12,752,884
68$13,621,033$9,086,928$8,036,020$13,889,220
69$14,946,962$9,468,772$8,241,810$15,135,901
70$16,406,138$9,867,327$8,452,497$16,503,985
71$18,012,090$10,283,352$8,668,181$18,005,649
72$19,779,723$10,717,636$8,888,965$19,654,307
73$21,725,462$11,171,008$9,114,953$21,464,732
74$23,867,406$11,644,333$9,346,250$23,453,194
75$26,225,494$12,138,519$9,582,963$25,637,616
76$28,821,702$12,654,513$9,825,199$28,037,740
77$31,680,241$13,193,310$10,073,069$30,675,310
78$34,827,791$13,755,947$10,326,681$33,574,281
79$38,293,749$14,343,513$10,586,150$36,761,039
80$42,110,512$14,957,145$10,851,586$40,264,652
81$46,313,775$15,598,036$11,123,105$44,117,142
82$50,942,872$16,267,432$11,400,821$48,353,785
83$56,041,148$16,966,638$11,684,851$53,013,444
84$61,656,364$17,697,023$11,975,312$58,138,932
85$67,841,151$18,460,015$12,272,323$63,777,418
86$74,653,505$19,257,112$12,576,003$69,980,868
87$82,157,335$20,089,883$12,886,471$76,806,535
88$90,423,064$20,959,969$13,203,849$84,317,494
89$99,528,297$21,869,087$13,528,258$92,583,243
90$109,558,549$22,819,038$13,859,821$101,680,351
91$120,608,055$23,811,706$14,198,659$111,693,180
92$132,780,659$24,849,061$14,544,896$122,714,679
93$146,190,792$25,933,171$14,898,656$134,847,263
94$160,964,553$27,066,197$15,260,061$148,203,771
95$177,240,900$28,250,403$15,629,236$162,908,534
96$195,172,961$29,488,161$16,006,304$179,098,544
97$214,929,476$30,781,955$16,391,389$196,924,746
98$236,696,396$32,134,384$16,784,614$216,553,458
99$260,678,631$33,548,171$17,186,101$238,167,940
100$287,101,989$35,026,169$17,595,973$261,970,120