Can I retire at age 66 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$536,764$531,983$527,318$522,765$518,319$508,686
2 years$265,725$260,776$255,980$251,329$246,819$237,150
3 years$175,390$170,420$165,636$161,029$156,592$147,188
4 years$130,232$125,277$120,540$116,012$111,683$102,617
5 years$103,144$98,218$93,544$89,109$84,899$76,197
6 years$85,091$80,203$75,598$71,261$67,178$58,849
7 years$72,201$67,354$62,822$58,588$54,634$46,680
8 years$62,538$57,735$53,278$49,148$45,324$37,744
9 years$55,027$50,269$45,888$41,863$38,169$30,958
10 years$49,021$44,309$40,007$36,086$32,522$25,673
11 years$44,110$39,446$35,221$31,406$27,970$21,475
12 years$40,021$35,405$31,258$27,547$24,238$18,089
13 years$36,563$31,995$27,927$24,320$21,136$15,322
14 years$33,602$29,083$25,092$21,589$18,528$13,039
15 years$31,039$26,568$22,655$19,253$16,313$11,138
16 years$28,797$24,375$20,540$17,239$14,418$9,545
17 years$26,822$22,449$18,691$15,489$12,784$8,202
18 years$25,068$20,744$17,062$13,959$11,367$7,064
19 years$23,500$19,225$15,620$12,613$10,132$6,095
20 years$22,091$17,865$14,335$11,424$9,050$5,268
21 years$20,818$16,640$13,185$10,368$8,098$4,560
22 years$19,662$15,533$12,152$9,427$7,259$3,952
23 years$18,609$14,528$11,221$8,585$6,516$3,428
24 years$17,644$13,612$10,377$7,830$5,857$2,976
25 years$16,758$12,774$9,611$7,151$5,270$2,586
26 years$15,941$12,005$8,914$6,538$4,747$2,249
27 years$15,187$11,299$8,277$5,985$4,280$1,956
28 years$14,487$10,647$7,695$5,483$3,862$1,703
29 years$13,837$10,044$7,161$5,028$3,487$1,483
30 years$13,231$9,485$6,670$4,615$3,151$1,292
31 years$12,666$8,967$6,218$4,238$2,849$1,126
32 years$12,137$8,484$5,802$3,895$2,577$981
33 years$11,641$8,035$5,417$3,582$2,332$856
34 years$11,175$7,615$5,061$3,296$2,111$746
35 years$10,736$7,223$4,732$3,034$1,912$651
36 years$10,324$6,856$4,427$2,794$1,733$568
37 years$9,934$6,511$4,143$2,574$1,570$495
38 years$9,565$6,188$3,880$2,373$1,424$432
39 years$9,217$5,884$3,635$2,188$1,291$377
40 years$8,887$5,598$3,407$2,018$1,171$329
41 years$8,573$5,329$3,195$1,862$1,062$287
42 years$8,275$5,075$2,997$1,718$964$251
43 years$7,992$4,836$2,812$1,586$875$219
44 years$7,723$4,609$2,640$1,465$794$191
45 years$7,466$4,395$2,479$1,353$721$167
46 years$7,221$4,193$2,328$1,249$655$146
47 years$6,988$4,002$2,187$1,154$594$127
48 years$6,764$3,820$2,055$1,067$540$111
49 years$6,551$3,648$1,932$986$490$97
50 years$6,346$3,485$1,816$911$445$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $6,500,000, adding $6,797 every year, while hoping to spend $41,772 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: 52/41/7 Blend
65$6,500,000$6,500,000$6,500,000$6,500,000
66$7,170,011$6,825,511$6,724,761$7,530,261
67$7,856,907$7,115,516$6,905,596$8,065,574
68$8,612,467$7,418,331$7,091,088$8,642,303
69$9,443,649$7,734,540$7,281,350$9,268,475
70$10,358,122$8,064,754$7,476,496$9,948,757
71$11,364,335$8,409,611$7,676,644$10,688,273
72$12,471,597$8,769,782$7,881,911$11,492,654
73$13,690,165$9,145,966$8,092,420$12,368,088
74$15,031,340$9,538,897$8,308,294$13,321,375
75$16,507,576$9,949,342$8,529,661$14,359,991
76$18,132,594$10,378,105$8,756,650$15,492,155
77$19,921,512$10,826,026$8,989,391$16,726,900
78$21,890,991$11,293,986$9,228,021$18,074,163
79$24,059,388$11,782,907$9,472,675$19,544,870
80$26,446,930$12,293,753$9,723,494$21,151,036
81$29,075,906$12,827,536$9,980,620$22,905,879
82$31,970,876$13,385,314$10,244,199$24,823,938
83$35,158,904$13,968,193$10,514,378$26,921,211
84$38,669,811$14,577,333$10,791,309$29,215,294
85$42,536,459$15,213,949$11,075,145$31,725,554
86$46,795,058$15,879,313$11,366,042$34,473,297
87$51,485,511$16,574,756$11,664,161$37,481,975
88$56,651,786$17,301,672$11,969,664$40,777,395
89$62,342,336$18,061,522$12,282,716$44,387,962
90$68,610,553$18,855,835$12,603,485$48,344,942
91$75,515,270$19,686,212$12,932,143$52,682,751
92$83,121,322$20,554,331$13,268,864$57,439,274
93$91,500,150$21,461,947$13,613,824$62,656,220
94$100,730,484$22,410,900$13,967,206$68,379,508
95$110,899,077$23,403,118$14,329,191$74,659,694
96$122,101,531$24,440,619$14,699,966$81,552,442
97$134,443,193$25,525,515$15,079,721$89,119,044
98$148,040,155$26,660,021$15,468,648$97,426,992
99$163,020,345$27,846,457$15,866,942$106,550,605
100$179,524,737$29,087,251$16,274,802$116,571,727