Can I retire at age 65 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%16.8%
1 years$495,474$491,061$486,755$482,552$478,448$465,185
2 years$245,284$240,716$236,289$231,996$227,833$214,569
3 years$161,899$157,311$152,895$148,642$144,546$131,697
4 years$120,214$115,640$111,268$107,088$103,092$90,756
5 years$95,210$90,663$86,349$82,254$78,369$66,581
6 years$78,545$74,033$69,782$65,779$62,010$50,781
7 years$66,647$62,173$57,990$54,081$50,431$39,761
8 years$57,728$53,294$49,180$45,367$41,837$31,721
9 years$50,794$46,402$42,359$38,643$35,233$25,660
10 years$45,250$40,901$36,929$33,310$30,020$20,979
11 years$40,717$36,412$32,512$28,990$25,819$17,293
12 years$36,942$32,681$28,853$25,428$22,374$14,349
13 years$33,751$29,534$25,779$22,449$19,510$11,969
14 years$31,018$26,846$23,162$19,928$17,103$10,027
15 years$28,651$24,524$20,912$17,772$15,059$8,429
16 years$26,582$22,500$18,960$15,913$13,309$7,106
17 years$24,759$20,722$17,253$14,298$11,801$6,006
18 years$23,140$19,148$15,750$12,885$10,492$5,086
19 years$21,693$17,746$14,418$11,643$9,352$4,314
20 years$20,392$16,491$13,232$10,545$8,354$3,664
21 years$19,217$15,360$12,171$9,570$7,475$3,116
22 years$18,150$14,338$11,218$8,701$6,701$2,653
23 years$17,177$13,410$10,357$7,925$6,015$2,260
24 years$16,287$12,565$9,579$7,228$5,406$1,927
25 years$15,469$11,791$8,872$6,601$4,865$1,644
26 years$14,715$11,082$8,228$6,035$4,382$1,403
27 years$14,018$10,429$7,641$5,524$3,951$1,198
28 years$13,373$9,828$7,103$5,061$3,565$1,024
29 years$12,773$9,271$6,610$4,641$3,219$875
30 years$12,213$8,756$6,157$4,260$2,909$748
31 years$11,691$8,277$5,740$3,912$2,630$639
32 years$11,203$7,832$5,355$3,595$2,379$547
33 years$10,745$7,417$5,000$3,306$2,153$468
34 years$10,315$7,029$4,672$3,042$1,949$400
35 years$9,911$6,667$4,368$2,800$1,765$342
36 years$9,529$6,328$4,086$2,579$1,599$293
37 years$9,170$6,010$3,825$2,376$1,450$251
38 years$8,830$5,712$3,582$2,190$1,314$214
39 years$8,508$5,432$3,356$2,020$1,192$184
40 years$8,203$5,168$3,145$1,863$1,081$157
41 years$7,914$4,919$2,949$1,719$981$134
42 years$7,639$4,685$2,766$1,586$890$115
43 years$7,378$4,464$2,596$1,464$808$99
44 years$7,129$4,255$2,437$1,352$733$84
45 years$6,892$4,057$2,288$1,248$666$72
46 years$6,666$3,871$2,149$1,153$604$62
47 years$6,450$3,694$2,019$1,065$549$53
48 years$6,244$3,526$1,897$985$498$45
49 years$6,047$3,367$1,783$910$453$39
50 years$5,858$3,217$1,677$841$411$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,000,000, adding $3,329 every year, while hoping to spend $58,566 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: 49/39/12 Blend
64$6,000,000$6,000,000$6,000,000$6,000,000
65$6,615,434$6,297,434$6,204,434$6,917,768
66$7,227,894$6,543,694$6,349,969$7,372,088
67$7,900,863$6,800,059$6,498,416$7,858,913
68$8,640,450$7,066,960$6,649,811$8,386,391
69$9,453,386$7,344,851$6,804,190$8,958,347
70$10,347,087$7,634,205$6,961,587$9,578,983
71$11,329,723$7,935,515$7,122,033$10,252,917
72$12,410,297$8,249,297$7,285,563$10,985,225
73$13,598,724$8,576,089$7,452,207$11,781,486
74$14,905,932$8,916,456$7,621,994$12,647,835
75$16,343,960$9,270,985$7,794,954$13,591,017
76$17,926,072$9,640,291$7,971,112$14,618,450
77$19,666,883$10,025,017$8,150,496$15,738,291
78$21,582,495$10,425,833$8,333,128$16,959,513
79$23,690,652$10,843,441$8,519,030$18,291,987
80$26,010,904$11,278,575$8,708,223$19,746,572
81$28,564,790$11,732,000$8,900,723$21,335,216
82$31,376,048$12,204,517$9,096,546$23,071,065
83$34,470,830$12,696,963$9,295,705$24,968,585
84$37,877,954$13,210,214$9,498,211$27,043,698
85$41,629,174$13,745,183$9,704,070$29,313,925
86$45,759,481$14,302,828$9,913,287$31,798,551
87$50,307,429$14,884,147$10,125,863$34,518,806
88$55,315,502$15,490,186$10,341,795$37,498,058
89$60,830,516$16,122,038$10,561,078$40,762,031
90$66,904,055$16,780,844$10,783,700$44,339,048
91$73,592,964$17,467,800$11,009,649$48,260,289
92$80,959,878$18,184,155$11,238,905$52,560,088
93$89,073,822$18,931,215$11,471,444$57,276,246
94$98,010,853$19,710,346$11,707,239$62,450,389
95$107,854,784$20,522,977$11,946,255$68,128,355
96$118,697,971$21,370,601$12,188,453$74,360,620
97$130,642,185$22,254,782$12,433,788$81,202,775
98$143,799,576$23,177,154$12,682,208$88,716,038
99$158,293,725$24,139,427$12,933,654$96,967,836
100$174,260,814$25,143,388$13,188,061$106,032,427