Can I retire at age 74 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%16.5%
1 years$536,764$531,983$527,318$522,765$518,319$504,561
2 years$265,725$260,776$255,980$251,329$246,819$233,054
3 years$175,390$170,420$165,636$161,029$156,592$143,251
4 years$130,232$125,277$120,540$116,012$111,683$98,868
5 years$103,144$98,218$93,544$89,109$84,899$72,646
6 years$85,091$80,203$75,598$71,261$67,178$55,498
7 years$72,201$67,354$62,822$58,588$54,634$43,528
8 years$62,538$57,735$53,278$49,148$45,324$34,787
9 years$55,027$50,269$45,888$41,863$38,169$28,192
10 years$49,021$44,309$40,007$36,086$32,522$23,092
11 years$44,110$39,446$35,221$31,406$27,970$19,072
12 years$40,021$35,405$31,258$27,547$24,238$15,856
13 years$36,563$31,995$27,927$24,320$21,136$13,253
14 years$33,602$29,083$25,092$21,589$18,528$11,125
15 years$31,039$26,568$22,655$19,253$16,313$9,372
16 years$28,797$24,375$20,540$17,239$14,418$7,918
17 years$26,822$22,449$18,691$15,489$12,784$6,707
18 years$25,068$20,744$17,062$13,959$11,367$5,692
19 years$23,500$19,225$15,620$12,613$10,132$4,839
20 years$22,091$17,865$14,335$11,424$9,050$4,120
21 years$20,818$16,640$13,185$10,368$8,098$3,512
22 years$19,662$15,533$12,152$9,427$7,259$2,996
23 years$18,609$14,528$11,221$8,585$6,516$2,559
24 years$17,644$13,612$10,377$7,830$5,857$2,187
25 years$16,758$12,774$9,611$7,151$5,270$1,870
26 years$15,941$12,005$8,914$6,538$4,747$1,600
27 years$15,187$11,299$8,277$5,985$4,280$1,370
28 years$14,487$10,647$7,695$5,483$3,862$1,173
29 years$13,837$10,044$7,161$5,028$3,487$1,005
30 years$13,231$9,485$6,670$4,615$3,151$861
31 years$12,666$8,967$6,218$4,238$2,849$738
32 years$12,137$8,484$5,802$3,895$2,577$633
33 years$11,641$8,035$5,417$3,582$2,332$543
34 years$11,175$7,615$5,061$3,296$2,111$465
35 years$10,736$7,223$4,732$3,034$1,912$399
36 years$10,324$6,856$4,427$2,794$1,733$342
37 years$9,934$6,511$4,143$2,574$1,570$294
38 years$9,565$6,188$3,880$2,373$1,424$252
39 years$9,217$5,884$3,635$2,188$1,291$216
40 years$8,887$5,598$3,407$2,018$1,171$185
41 years$8,573$5,329$3,195$1,862$1,062$159
42 years$8,275$5,075$2,997$1,718$964$137
43 years$7,992$4,836$2,812$1,586$875$117
44 years$7,723$4,609$2,640$1,465$794$101
45 years$7,466$4,395$2,479$1,353$721$86
46 years$7,221$4,193$2,328$1,249$655$74
47 years$6,988$4,002$2,187$1,154$594$64
48 years$6,764$3,820$2,055$1,067$540$55
49 years$6,551$3,648$1,932$986$490$47
50 years$6,346$3,485$1,816$911$445$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $6,500,000, adding $5,403 every year, while hoping to spend $24,554 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: 81/5/14 Blend
73$6,500,000$6,500,000$6,500,000$6,500,000
74$7,168,573$6,824,073$6,723,323$7,729,032
75$7,873,642$7,132,328$6,922,429$8,406,213
76$8,649,806$7,454,863$7,127,382$9,145,677
77$9,504,289$7,792,355$7,338,353$9,956,709
78$10,445,054$8,145,507$7,555,515$10,846,477
79$11,480,873$8,515,061$7,779,049$11,822,877
80$12,621,415$8,901,792$8,009,139$12,894,607
81$13,877,331$9,306,511$8,245,977$14,071,244
82$15,260,358$9,730,070$8,489,757$15,363,340
83$16,783,433$10,173,361$8,740,682$16,782,515
84$18,460,806$10,637,319$8,998,958$18,341,571
85$20,308,183$11,122,923$9,264,798$20,054,609
86$22,342,871$11,631,199$9,538,422$21,937,163
87$24,583,939$12,163,223$9,820,054$24,006,343
88$27,052,403$12,720,123$10,109,928$26,281,001
89$29,771,417$13,303,079$10,408,280$28,781,903
90$32,766,501$13,913,329$10,715,357$31,531,928
91$36,065,774$14,552,171$11,031,410$34,556,279
92$39,700,220$15,220,965$11,356,700$37,882,724
93$43,703,985$15,921,135$11,691,492$41,541,855
94$48,114,697$16,654,176$12,036,062$45,567,377
95$52,973,817$17,421,652$12,390,692$49,996,424
96$58,327,038$18,225,204$12,755,671$54,869,908
97$64,224,708$19,066,551$13,131,299$60,232,907
98$70,722,313$19,947,497$13,517,882$66,135,085
99$77,880,994$20,869,929$13,915,736$72,631,165
100$85,768,128$21,835,829$14,325,186$79,781,439