Can I retire at age 65 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$503,732$499,245$494,868$490,595$486,423$478,561
2 years$249,372$244,728$240,227$235,863$231,630$223,731
3 years$164,597$159,933$155,443$151,120$146,955$139,266
4 years$122,217$117,567$113,123$108,873$104,810$97,388
5 years$96,796$92,174$87,788$83,625$79,675$72,542
6 years$79,855$75,267$70,946$66,876$63,044$56,209
7 years$67,758$63,209$58,956$54,982$51,272$44,736
8 years$58,690$54,182$49,999$46,123$42,535$36,298
9 years$51,640$47,175$43,064$39,287$35,820$29,878
10 years$46,004$41,583$37,545$33,866$30,521$24,869
11 years$41,396$37,019$33,054$29,473$26,249$20,881
12 years$37,558$33,226$29,334$25,852$22,747$17,657
13 years$34,313$30,026$26,208$22,823$19,836$15,015
14 years$31,535$27,293$23,548$20,260$17,388$12,830
15 years$29,129$24,933$21,261$18,068$15,310$11,005
16 years$27,025$22,875$19,276$16,178$13,531$9,471
17 years$25,171$21,067$17,540$14,536$11,997$8,173
18 years$23,525$19,467$16,012$13,100$10,667$7,070
19 years$22,054$18,042$14,658$11,837$9,508$6,127
20 years$20,732$16,766$13,453$10,721$8,493$5,320
21 years$19,537$15,616$12,374$9,730$7,600$4,625
22 years$18,452$14,577$11,405$8,846$6,812$4,027
23 years$17,463$13,634$10,530$8,057$6,115$3,509
24 years$16,558$12,774$9,739$7,348$5,496$3,061
25 years$15,727$11,988$9,020$6,711$4,946$2,673
26 years$14,960$11,267$8,365$6,136$4,455$2,335
27 years$14,252$10,603$7,768$5,616$4,017$2,041
28 years$13,596$9,991$7,221$5,146$3,624$1,786
29 years$12,985$9,426$6,720$4,719$3,273$1,563
30 years$12,417$8,902$6,260$4,331$2,957$1,368
31 years$11,886$8,415$5,836$3,977$2,673$1,198
32 years$11,390$7,962$5,445$3,655$2,418$1,050
33 years$10,924$7,540$5,084$3,361$2,189$920
34 years$10,487$7,147$4,750$3,093$1,982$806
35 years$10,076$6,778$4,441$2,847$1,795$707
36 years$9,688$6,434$4,154$2,622$1,626$620
37 years$9,322$6,111$3,888$2,416$1,474$543
38 years$8,977$5,807$3,641$2,227$1,336$477
39 years$8,650$5,522$3,412$2,053$1,212$418
40 years$8,340$5,254$3,198$1,894$1,099$367
41 years$8,046$5,001$2,998$1,747$997$322
42 years$7,766$4,763$2,813$1,613$905$282
43 years$7,501$4,538$2,639$1,489$821$248
44 years$7,248$4,326$2,477$1,374$745$217
45 years$7,007$4,125$2,326$1,269$677$191
46 years$6,777$3,935$2,185$1,172$614$167
47 years$6,558$3,755$2,053$1,083$558$147
48 years$6,348$3,585$1,929$1,001$507$129
49 years$6,148$3,423$1,813$925$460$113
50 years$5,956$3,270$1,704$855$418$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,100,000, adding $4,710 every year, while hoping to spend $41,040 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: 25/46/29 Blend
64$6,100,000$6,100,000$6,100,000$6,100,000
65$6,727,058$6,403,758$6,309,208$6,834,058
66$7,369,552$6,673,876$6,476,901$7,194,470
67$8,076,205$6,955,854$6,648,835$7,576,829
68$8,853,517$7,250,231$6,825,110$7,985,942
69$9,708,652$7,557,568$7,005,828$8,424,082
70$10,649,500$7,878,455$7,191,089$8,893,740
71$11,684,759$8,213,509$7,381,000$9,397,639
72$12,824,007$8,563,374$7,575,666$9,938,763
73$14,077,802$8,928,725$7,775,197$10,520,378
74$15,457,775$9,310,270$7,979,704$11,146,064
75$16,976,742$9,708,747$8,189,298$11,819,741
76$18,648,826$10,124,932$8,404,095$12,545,709
77$20,489,587$10,559,634$8,624,213$13,328,680
78$22,516,170$11,013,702$8,849,770$14,173,824
79$24,747,469$11,488,023$9,080,887$15,086,811
80$27,204,303$11,983,528$9,317,688$16,073,861
81$29,909,610$12,501,189$9,560,299$17,141,802
82$32,888,668$13,042,025$9,808,847$18,298,127
83$36,169,330$13,607,102$10,063,462$19,551,065
84$39,782,290$14,197,538$10,324,276$20,909,649
85$43,761,368$14,814,502$10,591,423$22,383,801
86$48,143,832$15,459,218$10,865,041$23,984,422
87$52,970,750$16,132,966$11,145,267$25,723,484
88$58,287,376$16,837,091$11,432,242$27,614,146
89$64,143,576$17,572,996$11,726,110$29,670,866
90$70,594,301$18,342,153$12,027,015$31,909,538
91$77,700,105$19,146,104$12,335,105$34,347,632
92$85,527,714$19,986,461$12,650,529$37,004,354
93$94,150,659$20,864,915$12,973,440$39,900,824
94$103,649,966$21,783,236$13,303,990$43,060,264
95$114,114,924$22,743,277$13,642,336$46,508,214
96$125,643,927$23,746,978$13,988,635$50,272,767
97$138,345,401$24,796,373$14,343,047$54,384,822
98$152,338,827$25,893,591$14,705,735$58,878,374
99$167,755,873$27,040,862$15,076,862$63,790,820
100$184,741,629$28,240,521$15,456,594$69,163,312