Can I retire at age 65 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$520,248$515,614$511,093$506,680$502,371$495,682
2 years$257,549$252,752$248,103$243,596$239,224$232,496
3 years$169,994$165,176$160,539$156,074$151,774$145,216
4 years$126,225$121,422$116,831$112,443$108,246$101,908
5 years$99,970$95,196$90,666$86,367$82,287$76,188
6 years$82,473$77,735$73,272$69,068$65,111$59,258
7 years$69,980$65,282$60,889$56,785$52,953$47,348
8 years$60,614$55,958$51,639$47,635$43,929$38,572
9 years$53,333$48,722$44,476$40,575$36,995$31,882
10 years$47,512$42,946$38,776$34,976$31,521$26,650
11 years$42,753$38,232$34,137$30,439$27,110$22,475
12 years$38,789$34,315$30,296$26,700$23,493$19,090
13 years$35,438$31,011$27,068$23,572$20,486$16,309
14 years$32,569$28,188$24,320$20,924$17,958$14,000
15 years$30,084$25,750$21,958$18,661$15,812$12,067
16 years$27,911$23,625$19,908$16,709$13,974$10,435
17 years$25,997$21,758$18,116$15,013$12,391$9,050
18 years$24,297$20,106$16,537$13,529$11,017$7,868
19 years$22,777$18,634$15,139$12,225$9,820$6,854
20 years$21,412$17,315$13,894$11,072$8,771$5,982
21 years$20,178$16,128$12,780$10,049$7,849$5,229
22 years$19,057$15,055$11,778$9,136$7,036$4,576
23 years$18,036$14,081$10,875$8,321$6,316$4,010
24 years$17,101$13,193$10,058$7,589$5,677$3,517
25 years$16,242$12,381$9,316$6,931$5,108$3,088
26 years$15,451$11,636$8,640$6,337$4,601$2,713
27 years$14,719$10,951$8,023$5,801$4,148$2,385
28 years$14,041$10,319$7,458$5,315$3,743$2,098
29 years$13,411$9,735$6,940$4,874$3,380$1,846
30 years$12,824$9,193$6,465$4,473$3,054$1,626
31 years$12,276$8,691$6,027$4,108$2,761$1,432
32 years$11,763$8,223$5,623$3,775$2,498$1,262
33 years$11,282$7,788$5,250$3,472$2,260$1,112
34 years$10,831$7,381$4,906$3,194$2,047$981
35 years$10,406$7,001$4,586$2,940$1,854$865
36 years$10,006$6,645$4,291$2,708$1,679$763
37 years$9,628$6,311$4,016$2,495$1,522$673
38 years$9,271$5,998$3,761$2,300$1,380$594
39 years$8,933$5,703$3,523$2,121$1,251$524
40 years$8,613$5,426$3,302$1,956$1,135$462
41 years$8,309$5,165$3,097$1,805$1,030$408
42 years$8,021$4,919$2,905$1,665$934$360
43 years$7,746$4,687$2,726$1,537$848$318
44 years$7,485$4,468$2,559$1,419$770$281
45 years$7,236$4,260$2,402$1,311$699$248
46 years$6,999$4,064$2,256$1,211$634$219
47 years$6,773$3,878$2,120$1,119$576$193
48 years$6,556$3,702$1,992$1,034$523$171
49 years$6,349$3,536$1,872$955$475$151
50 years$6,151$3,377$1,760$883$432$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,300,000, adding $4,458 every year, while hoping to spend $32,484 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: 39/47/14 Blend
64$6,300,000$6,300,000$6,300,000$6,300,000
65$6,947,198$6,613,298$6,515,648$7,188,760
66$7,621,250$6,902,787$6,699,360$7,650,405
67$8,362,966$7,205,372$6,888,137$8,145,751
68$9,179,214$7,521,661$7,082,115$8,680,641
69$10,077,561$7,852,290$7,281,433$9,258,660
70$11,066,344$8,197,924$7,486,233$9,883,740
71$12,154,751$8,559,262$7,696,662$10,560,196
72$13,352,904$8,937,034$7,912,868$11,292,760
73$14,671,958$9,332,006$8,135,007$12,086,626
74$16,124,202$9,744,979$8,363,234$12,947,492
75$17,723,179$10,176,792$8,597,711$13,881,618
76$19,483,813$10,628,324$8,838,604$14,895,875
77$21,422,547$11,100,497$9,086,082$15,997,807
78$23,557,501$11,594,275$9,340,320$17,195,704
79$25,908,640$12,110,669$9,601,494$18,498,670
80$28,497,966$12,650,736$9,869,789$19,916,709
81$31,349,722$13,215,586$10,145,391$21,460,816
82$34,490,624$13,806,380$10,428,492$23,143,071
83$37,950,110$14,424,335$10,719,289$24,976,755
84$41,760,619$15,070,725$11,017,983$26,976,468
85$45,957,897$15,746,886$11,324,780$29,158,260
86$50,581,335$16,454,216$11,639,893$31,539,782
87$55,674,339$17,194,180$11,963,537$34,140,443
88$61,284,741$17,968,315$12,295,935$36,981,589
89$67,465,251$18,778,228$12,637,315$40,086,699
90$74,273,950$19,625,605$12,987,908$43,481,602
91$81,774,845$20,512,211$13,347,955$47,194,710
92$90,038,467$21,439,898$13,717,700$51,257,285
93$99,142,540$22,410,602$14,097,393$55,703,722
94$109,172,714$23,426,356$14,487,289$60,571,871
95$120,223,370$24,489,287$14,887,653$65,903,383
96$132,398,518$25,601,626$15,298,753$71,744,097
97$145,812,769$26,765,709$15,720,865$78,144,463
98$160,592,427$27,983,984$16,154,269$85,160,012
99$176,876,673$29,259,017$16,599,255$92,851,868
100$194,818,882$30,593,498$17,056,119$101,287,318