Can I retire at age 75 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%18.7%
1 years$536,764$531,983$527,318$522,765$518,319$500,128
2 years$265,725$260,776$255,980$251,329$246,819$228,682
3 years$175,390$170,420$165,636$161,029$156,592$139,080
4 years$130,232$125,277$120,540$116,012$111,683$94,929
5 years$103,144$98,218$93,544$89,109$84,899$68,949
6 years$85,091$80,203$75,598$71,261$67,178$52,042
7 years$72,201$67,354$62,822$58,588$54,634$40,310
8 years$62,538$57,735$53,278$49,148$45,324$31,800
9 years$55,027$50,269$45,888$41,863$38,169$25,428
10 years$49,021$44,309$40,007$36,086$32,522$20,542
11 years$44,110$39,446$35,221$31,406$27,970$16,727
12 years$40,021$35,405$31,258$27,547$24,238$13,706
13 years$36,563$31,995$27,927$24,320$21,136$11,286
14 years$33,602$29,083$25,092$21,589$18,528$9,331
15 years$31,039$26,568$22,655$19,253$16,313$7,739
16 years$28,797$24,375$20,540$17,239$14,418$6,436
17 years$26,822$22,449$18,691$15,489$12,784$5,364
18 years$25,068$20,744$17,062$13,959$11,367$4,478
19 years$23,500$19,225$15,620$12,613$10,132$3,745
20 years$22,091$17,865$14,335$11,424$9,050$3,135
21 years$20,818$16,640$13,185$10,368$8,098$2,627
22 years$19,662$15,533$12,152$9,427$7,259$2,204
23 years$18,609$14,528$11,221$8,585$6,516$1,850
24 years$17,644$13,612$10,377$7,830$5,857$1,553
25 years$16,758$12,774$9,611$7,151$5,270$1,305
26 years$15,941$12,005$8,914$6,538$4,747$1,097
27 years$15,187$11,299$8,277$5,985$4,280$923
28 years$14,487$10,647$7,695$5,483$3,862$776
29 years$13,837$10,044$7,161$5,028$3,487$653
30 years$13,231$9,485$6,670$4,615$3,151$549
31 years$12,666$8,967$6,218$4,238$2,849$462
32 years$12,137$8,484$5,802$3,895$2,577$389
33 years$11,641$8,035$5,417$3,582$2,332$328
34 years$11,175$7,615$5,061$3,296$2,111$276
35 years$10,736$7,223$4,732$3,034$1,912$232
36 years$10,324$6,856$4,427$2,794$1,733$196
37 years$9,934$6,511$4,143$2,574$1,570$165
38 years$9,565$6,188$3,880$2,373$1,424$139
39 years$9,217$5,884$3,635$2,188$1,291$117
40 years$8,887$5,598$3,407$2,018$1,171$98
41 years$8,573$5,329$3,195$1,862$1,062$83
42 years$8,275$5,075$2,997$1,718$964$70
43 years$7,992$4,836$2,812$1,586$875$59
44 years$7,723$4,609$2,640$1,465$794$50
45 years$7,466$4,395$2,479$1,353$721$42
46 years$7,221$4,193$2,328$1,249$655$35
47 years$6,988$4,002$2,187$1,154$594$30
48 years$6,764$3,820$2,055$1,067$540$25
49 years$6,551$3,648$1,932$986$490$21
50 years$6,346$3,485$1,816$911$445$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $6,500,000, adding $4,405 every year, while hoping to spend $35,452 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: 67/9/24 Blend
74$6,500,000$6,500,000$6,500,000$6,500,000
75$7,167,544$6,823,044$6,722,294$7,603,278
76$7,860,913$7,119,652$6,909,770$8,193,139
77$8,623,817$7,429,606$7,102,338$8,833,545
78$9,463,312$7,753,523$7,300,132$9,533,119
79$10,387,171$8,092,046$7,503,288$10,297,694
80$11,403,959$8,445,854$7,711,945$11,133,693
81$12,523,115$8,815,653$7,926,248$12,048,188
82$13,755,038$9,202,184$8,146,341$13,048,962
83$15,111,185$9,606,225$8,372,377$14,144,587
84$16,604,183$10,028,587$8,604,509$15,344,499
85$18,247,944$10,470,122$8,842,894$16,659,091
86$20,057,797$10,931,721$9,087,695$18,099,805
87$22,050,636$11,414,319$9,339,076$19,679,243
88$24,245,073$11,918,893$9,597,207$21,411,282
89$26,661,618$12,446,466$9,862,261$23,311,206
90$29,322,873$12,998,113$10,134,417$25,395,847
91$32,253,741$13,574,956$10,413,855$27,683,744
92$35,481,667$14,178,172$10,700,763$30,195,318
93$39,036,888$14,808,995$10,995,330$32,953,058
94$42,952,730$15,468,714$11,297,752$35,981,740
95$47,265,911$16,158,683$11,608,229$39,308,652
96$52,016,894$16,880,319$11,926,965$42,963,855
97$57,250,268$17,635,106$12,254,170$46,980,462
98$63,015,167$18,424,598$12,590,056$51,394,951
99$69,365,735$19,250,424$12,934,844$56,247,507
100$76,361,636$20,114,291$13,288,758$61,582,399