Can I retire at age 65 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$569,796$564,720$559,768$554,935$550,216$539,106
2 years$282,077$276,824$271,732$266,796$262,007$250,864
3 years$186,183$180,907$175,829$170,939$166,228$155,398
4 years$138,246$132,986$127,958$123,152$118,555$108,122
5 years$109,491$104,263$99,301$94,592$90,124$80,116
6 years$90,327$85,138$80,250$75,646$71,312$61,742
7 years$76,644$71,499$66,688$62,193$57,996$48,864
8 years$66,387$61,288$56,557$52,172$48,113$39,418
9 years$58,413$53,362$48,712$44,439$40,518$32,254
10 years$52,037$47,036$42,468$38,307$34,524$26,682
11 years$46,825$41,873$37,389$33,338$29,691$22,263
12 years$42,484$37,583$33,181$29,242$25,730$18,704
13 years$38,814$33,964$29,645$25,817$22,437$15,801
14 years$35,670$30,873$26,637$22,917$19,668$13,410
15 years$32,949$28,203$24,049$20,438$17,317$11,424
16 years$30,570$25,875$21,804$18,300$15,305$9,762
17 years$28,473$23,830$19,841$16,442$13,571$8,365
18 years$26,611$22,020$18,112$14,818$12,066$7,183
19 years$24,947$20,408$16,581$13,389$10,755$6,180
20 years$23,451$18,964$15,217$12,127$9,607$5,325
21 years$22,099$17,665$13,997$11,006$8,597$4,595
22 years$20,872$16,489$12,900$10,007$7,706$3,970
23 years$19,754$15,422$11,911$9,113$6,917$3,433
24 years$18,730$14,449$11,016$8,312$6,217$2,971
25 years$17,789$13,560$10,203$7,591$5,595$2,574
26 years$16,922$12,744$9,463$6,941$5,039$2,231
27 years$16,121$11,994$8,787$6,353$4,543$1,934
28 years$15,379$11,302$8,168$5,821$4,100$1,678
29 years$14,688$10,662$7,601$5,338$3,702$1,457
30 years$14,045$10,069$7,080$4,899$3,345$1,265
31 years$13,445$9,519$6,601$4,499$3,024$1,099
32 years$12,883$9,006$6,159$4,135$2,736$954
33 years$12,357$8,529$5,750$3,802$2,476$829
34 years$11,862$8,084$5,373$3,498$2,241$721
35 years$11,397$7,667$5,023$3,220$2,030$627
36 years$10,959$7,277$4,699$2,966$1,839$545
37 years$10,545$6,912$4,398$2,733$1,667$474
38 years$10,154$6,569$4,119$2,519$1,511$412
39 years$9,784$6,246$3,859$2,322$1,371$358
40 years$9,433$5,943$3,617$2,142$1,243$312
41 years$9,101$5,657$3,392$1,976$1,128$271
42 years$8,785$5,388$3,181$1,824$1,023$236
43 years$8,484$5,133$2,985$1,684$929$205
44 years$8,198$4,893$2,802$1,555$843$179
45 years$7,926$4,666$2,631$1,436$765$155
46 years$7,666$4,451$2,471$1,326$695$135
47 years$7,418$4,248$2,322$1,225$631$118
48 years$7,180$4,055$2,182$1,132$573$102
49 years$6,954$3,872$2,051$1,046$520$89
50 years$6,737$3,699$1,928$967$473$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,900,000, adding $2,145 every year, while hoping to spend $53,983 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: 70/25/5 Blend
64$6,900,000$6,900,000$6,900,000$6,900,000
65$7,606,013$7,240,313$7,133,363$8,134,478
66$8,324,388$7,537,650$7,314,893$8,781,080
67$9,114,229$7,847,748$7,500,695$9,481,442
68$9,982,768$8,171,175$7,690,855$10,246,237
69$10,937,972$8,508,525$7,885,461$11,081,772
70$11,988,621$8,860,418$8,084,600$11,994,987
71$13,144,388$9,227,507$8,288,362$12,993,519
72$14,415,931$9,610,470$8,496,837$14,085,772
73$15,814,992$10,010,019$8,710,117$15,280,997
74$17,354,509$10,426,898$8,928,294$16,589,373
75$19,048,738$10,861,885$9,151,461$18,022,106
76$20,913,386$11,315,794$9,379,712$19,591,533
77$22,965,762$11,789,478$9,613,142$21,311,232
78$25,224,935$12,283,828$9,851,848$23,196,153
79$27,711,919$12,799,776$10,095,925$25,262,757
80$30,449,867$13,338,297$10,345,471$27,529,163
81$33,464,292$13,900,413$10,600,584$30,015,328
82$36,783,309$14,487,192$10,861,361$32,743,221
83$40,437,893$15,099,751$11,127,904$35,737,038
84$44,462,179$15,739,260$11,400,310$39,023,422
85$48,893,781$16,406,943$11,678,680$42,631,714
86$53,774,144$17,104,081$11,963,113$46,594,227
87$59,148,941$17,832,015$12,253,711$50,946,549
88$65,068,496$18,592,147$12,550,574$55,727,875
89$71,588,266$19,385,946$12,853,802$60,981,374
90$78,769,361$20,214,948$13,163,495$66,754,595
91$86,679,118$21,080,764$13,479,755$73,099,910
92$95,391,743$21,985,075$13,802,681$80,075,006
93$104,989,002$22,929,646$14,132,373$87,743,429
94$115,561,002$23,916,320$14,468,929$96,175,173
95$127,207,035$24,947,030$14,812,449$105,447,346
96$140,036,515$26,023,798$15,163,029$115,644,885
97$154,170,015$27,148,739$15,520,765$126,861,360
98$169,740,399$28,324,070$15,885,754$139,199,849
99$186,894,082$29,552,112$16,258,089$152,773,911
100$205,792,405$30,835,292$16,637,862$167,708,646