Can I retire at age 66 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$511,990$507,430$502,980$498,637$494,397$491,487
2 years$253,460$248,740$244,165$239,729$235,427$232,491
3 years$167,295$162,554$157,991$153,597$149,365$146,494
4 years$124,221$119,495$114,977$110,658$106,528$103,745
5 years$98,383$93,685$89,227$84,996$80,981$78,293
6 years$81,164$76,501$72,109$67,972$64,077$61,488
7 years$68,869$64,245$59,923$55,883$52,112$49,623
8 years$59,652$55,070$50,819$46,879$43,232$40,843
9 years$52,487$47,949$43,770$39,931$36,408$34,118
10 years$46,758$42,264$38,160$34,421$31,021$28,830
11 years$42,074$37,625$33,596$29,956$26,679$24,585
12 years$38,174$33,771$29,815$26,276$23,120$21,121
13 years$34,876$30,519$26,638$23,198$20,161$18,255
14 years$32,052$27,741$23,934$20,592$17,673$15,859
15 years$29,606$25,342$21,609$18,365$15,561$13,835
16 years$27,468$23,250$19,592$16,443$13,752$12,113
17 years$25,584$21,413$17,828$14,774$12,194$10,638
18 years$23,911$19,786$16,275$13,315$10,842$9,368
19 years$22,416$18,338$14,899$12,031$9,664$8,267
20 years$21,072$17,040$13,673$10,896$8,632$7,311
21 years$19,857$15,872$12,577$9,889$7,725$6,476
22 years$18,755$14,816$11,591$8,991$6,924$5,746
23 years$17,750$13,857$10,703$8,189$6,215$5,104
24 years$16,830$12,984$9,898$7,469$5,587$4,539
25 years$15,985$12,184$9,168$6,821$5,027$4,041
26 years$15,206$11,451$8,503$6,237$4,528$3,601
27 years$14,486$10,777$7,895$5,708$4,083$3,212
28 years$13,818$10,155$7,340$5,230$3,684$2,866
29 years$13,198$9,580$6,830$4,796$3,326$2,559
30 years$12,621$9,048$6,362$4,402$3,006$2,287
31 years$12,081$8,553$5,931$4,043$2,717$2,044
32 years$11,576$8,093$5,534$3,715$2,458$1,828
33 years$11,103$7,664$5,167$3,416$2,224$1,636
34 years$10,659$7,264$4,828$3,143$2,014$1,464
35 years$10,241$6,890$4,514$2,894$1,824$1,311
36 years$9,847$6,539$4,222$2,665$1,653$1,174
37 years$9,475$6,211$3,952$2,455$1,498$1,051
38 years$9,124$5,902$3,701$2,263$1,358$942
39 years$8,791$5,613$3,467$2,087$1,232$844
40 years$8,476$5,340$3,250$1,925$1,117$757
41 years$8,177$5,083$3,047$1,776$1,013$678
42 years$7,894$4,841$2,859$1,639$920$608
43 years$7,624$4,612$2,682$1,513$835$545
44 years$7,366$4,397$2,518$1,397$758$489
45 years$7,122$4,193$2,364$1,290$688$438
46 years$6,888$4,000$2,221$1,192$624$393
47 years$6,665$3,817$2,086$1,101$567$353
48 years$6,452$3,644$1,960$1,017$515$317
49 years$6,248$3,480$1,843$940$468$284
50 years$6,053$3,324$1,732$869$425$255

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $6,200,000, adding $2,740 every year, while hoping to spend $37,874 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: 65/22/13 Blend
65$6,200,000$6,200,000$6,200,000$6,200,000
66$6,835,226$6,506,626$6,410,526$7,258,728
67$7,492,122$6,785,153$6,584,981$7,820,491
68$8,214,751$7,076,059$6,764,011$8,429,403
69$9,009,779$7,379,909$6,947,729$9,093,794
70$9,884,550$7,697,298$7,136,251$9,819,078
71$10,847,154$8,028,845$7,329,695$10,611,210
72$11,906,506$8,375,202$7,528,183$11,476,741
73$13,072,431$8,737,047$7,731,838$12,422,882
74$14,355,750$9,115,094$7,940,786$13,457,567
75$15,768,391$9,510,088$8,155,156$14,589,528
76$17,323,494$9,922,810$8,375,082$15,828,377
77$19,035,540$10,354,077$8,600,696$17,184,693
78$20,920,484$10,804,745$8,832,138$18,670,119
79$22,995,906$11,275,711$9,069,548$20,297,477
80$25,281,180$11,767,912$9,313,069$22,080,877
81$27,797,652$12,282,331$9,562,849$24,035,857
82$30,568,845$12,819,997$9,819,036$26,179,524
83$33,620,677$13,381,988$10,081,785$28,530,715
84$36,981,712$13,969,431$10,351,250$31,110,168
85$40,683,422$14,583,509$10,627,592$33,940,723
86$44,760,488$15,225,457$10,910,973$37,047,528
87$49,251,126$15,896,573$11,201,559$40,458,281
88$54,197,449$16,598,214$11,499,520$44,203,481
89$59,645,863$17,331,800$11,805,027$48,316,721
90$65,647,503$18,098,820$12,118,258$52,834,997
91$72,258,720$18,900,834$12,439,391$57,799,058
92$79,541,609$19,739,474$12,768,610$63,253,782
93$87,564,596$20,616,451$13,106,102$69,248,605
94$96,403,085$21,533,558$13,452,056$75,837,977
95$106,140,167$22,492,670$13,806,668$83,081,875
96$116,867,407$23,495,753$14,170,134$91,046,368
97$128,685,704$24,544,867$14,542,655$99,804,234
98$141,706,250$25,642,169$14,924,438$109,435,642
99$156,051,571$26,789,919$15,315,690$120,028,910
100$171,856,690$27,990,484$15,716,625$131,681,330