Can I retire at age 65 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$561,538$556,536$551,656$546,893$542,242$520,727
2 years$277,989$272,812$267,794$262,929$258,210$236,802
3 years$183,485$178,285$173,280$168,461$163,819$143,191
4 years$136,242$131,059$126,104$121,367$116,837$97,145
5 years$107,904$102,752$97,862$93,221$88,818$70,113
6 years$89,018$83,904$79,087$74,550$70,279$52,572
7 years$75,534$70,463$65,722$61,292$57,155$40,442
8 years$65,425$60,400$55,737$51,416$47,416$31,678
9 years$57,566$52,589$48,006$43,795$39,931$25,144
10 years$51,283$46,354$41,853$37,752$34,023$20,159
11 years$46,146$41,267$36,847$32,855$29,261$16,287
12 years$41,868$37,039$32,701$28,819$25,357$13,239
13 years$38,251$33,472$29,216$25,442$22,112$10,812
14 years$35,153$30,425$26,250$22,585$19,383$8,864
15 years$32,471$27,794$23,701$20,142$17,066$7,290
16 years$30,127$25,500$21,488$18,035$15,083$6,010
17 years$28,060$23,485$19,553$16,204$13,374$4,964
18 years$26,225$21,701$17,850$14,603$11,891$4,108
19 years$24,585$20,112$16,341$13,195$10,599$3,404
20 years$23,111$18,689$14,997$11,951$9,467$2,823
21 years$21,779$17,408$13,794$10,846$8,472$2,344
22 years$20,570$16,250$12,713$9,862$7,594$1,948
23 years$19,467$15,198$11,738$8,981$6,817$1,619
24 years$18,458$14,240$10,856$8,191$6,127$1,347
25 years$17,531$13,364$10,055$7,481$5,514$1,121
26 years$16,677$12,560$9,325$6,840$4,966$933
27 years$15,888$11,820$8,659$6,261$4,478$777
28 years$15,156$11,138$8,050$5,736$4,040$647
29 years$14,476$10,507$7,491$5,260$3,648$539
30 years$13,842$9,923$6,978$4,828$3,296$450
31 years$13,250$9,381$6,505$4,434$2,980$375
32 years$12,697$8,876$6,070$4,075$2,696$312
33 years$12,178$8,406$5,667$3,747$2,440$260
34 years$11,690$7,967$5,295$3,448$2,209$217
35 years$11,232$7,556$4,950$3,174$2,001$181
36 years$10,800$7,172$4,631$2,923$1,813$151
37 years$10,392$6,812$4,335$2,693$1,643$126
38 years$10,007$6,474$4,059$2,482$1,489$105
39 years$9,642$6,156$3,803$2,289$1,351$87
40 years$9,297$5,857$3,565$2,111$1,225$73
41 years$8,969$5,575$3,342$1,948$1,111$61
42 years$8,657$5,309$3,135$1,798$1,009$51
43 years$8,361$5,059$2,942$1,659$915$42
44 years$8,079$4,822$2,762$1,532$831$35
45 years$7,811$4,598$2,593$1,415$754$29
46 years$7,555$4,387$2,435$1,307$685$25
47 years$7,310$4,186$2,288$1,208$622$20
48 years$7,076$3,996$2,150$1,116$565$17
49 years$6,853$3,816$2,021$1,031$513$14
50 years$6,639$3,645$1,900$953$466$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,800,000, adding $3,221 every year, while hoping to spend $35,867 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: 25/45/30 Blend
64$6,800,000$6,800,000$6,800,000$6,800,000
65$7,496,922$7,136,522$7,031,122$7,614,006
66$8,223,446$7,448,050$7,228,503$8,024,807
67$9,022,874$7,773,640$7,431,293$8,461,688
68$9,902,602$8,113,944$7,639,637$8,929,363
69$10,870,784$8,469,644$7,853,682$9,430,443
70$11,936,402$8,841,454$8,073,578$9,967,788
71$13,109,351$9,230,122$8,299,479$10,544,525
72$14,400,538$9,636,430$8,531,544$11,164,078
73$15,821,977$10,061,200$8,769,936$11,830,194
74$17,386,910$10,505,290$9,014,820$12,546,978
75$19,109,926$10,969,600$9,266,367$13,318,927
76$21,007,099$11,455,072$9,524,751$14,150,969
77$23,096,146$11,962,692$9,790,153$15,048,506
78$25,396,584$12,493,495$10,062,754$16,017,459
79$27,929,923$13,048,564$10,342,743$17,064,326
80$30,719,863$13,629,032$10,630,314$18,196,229
81$33,792,521$14,236,087$10,925,661$19,420,986
82$37,176,677$14,870,973$11,228,989$20,747,176
83$40,904,041$15,534,994$11,540,504$22,184,215
84$45,009,561$16,229,516$11,860,418$23,742,441
85$49,531,742$16,955,969$12,188,948$25,433,206
86$54,513,019$17,715,851$12,526,318$27,268,976
87$60,000,151$18,510,731$12,872,753$29,263,446
88$66,044,665$19,342,255$13,228,489$31,431,659
89$72,703,341$20,212,146$13,593,763$33,790,146
90$80,038,748$21,122,208$13,968,821$36,357,074
91$88,119,837$22,074,332$14,353,913$39,152,407
92$97,022,586$23,070,501$14,749,295$42,198,095
93$106,830,724$24,112,789$15,155,230$45,518,264
94$117,636,514$25,203,372$15,571,987$49,139,444
95$129,541,630$26,344,529$15,999,840$53,090,808
96$142,658,113$27,538,648$16,439,071$57,404,436
97$157,109,430$28,788,230$16,889,969$62,115,616
98$173,031,636$30,095,898$17,352,827$67,263,159
99$190,574,664$31,464,399$17,827,949$72,889,762
100$209,903,737$32,896,610$18,315,641$79,042,399