Can I retire at age 63 with 6,000,000?

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 $6,000,000?

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$495,474$491,061$486,755$482,552$478,448$468,788
2 years$245,284$240,716$236,289$231,996$227,833$218,143
3 years$161,899$157,311$152,895$148,642$144,546$135,129
4 years$120,214$115,640$111,268$107,088$103,092$94,019
5 years$95,210$90,663$86,349$82,254$78,369$69,666
6 years$78,545$74,033$69,782$65,779$62,010$53,688
7 years$66,647$62,173$57,990$54,081$50,431$42,491
8 years$57,728$53,294$49,180$45,367$41,837$34,277
9 years$50,794$46,402$42,359$38,643$35,233$28,047
10 years$45,250$40,901$36,929$33,310$30,020$23,202
11 years$40,717$36,412$32,512$28,990$25,819$19,359
12 years$36,942$32,681$28,853$25,428$22,374$16,264
13 years$33,751$29,534$25,779$22,449$19,510$13,740
14 years$31,018$26,846$23,162$19,928$17,103$11,661
15 years$28,651$24,524$20,912$17,772$15,059$9,934
16 years$26,582$22,500$18,960$15,913$13,309$8,489
17 years$24,759$20,722$17,253$14,298$11,801$7,273
18 years$23,140$19,148$15,750$12,885$10,492$6,246
19 years$21,693$17,746$14,418$11,643$9,352$5,374
20 years$20,392$16,491$13,232$10,545$8,354$4,631
21 years$19,217$15,360$12,171$9,570$7,475$3,996
22 years$18,150$14,338$11,218$8,701$6,701$3,452
23 years$17,177$13,410$10,357$7,925$6,015$2,985
24 years$16,287$12,565$9,579$7,228$5,406$2,584
25 years$15,469$11,791$8,872$6,601$4,865$2,238
26 years$14,715$11,082$8,228$6,035$4,382$1,940
27 years$14,018$10,429$7,641$5,524$3,951$1,682
28 years$13,373$9,828$7,103$5,061$3,565$1,459
29 years$12,773$9,271$6,610$4,641$3,219$1,267
30 years$12,213$8,756$6,157$4,260$2,909$1,100
31 years$11,691$8,277$5,740$3,912$2,630$955
32 years$11,203$7,832$5,355$3,595$2,379$830
33 years$10,745$7,417$5,000$3,306$2,153$721
34 years$10,315$7,029$4,672$3,042$1,949$627
35 years$9,911$6,667$4,368$2,800$1,765$545
36 years$9,529$6,328$4,086$2,579$1,599$474
37 years$9,170$6,010$3,825$2,376$1,450$412
38 years$8,830$5,712$3,582$2,190$1,314$358
39 years$8,508$5,432$3,356$2,020$1,192$312
40 years$8,203$5,168$3,145$1,863$1,081$271
41 years$7,914$4,919$2,949$1,719$981$236
42 years$7,639$4,685$2,766$1,586$890$205
43 years$7,378$4,464$2,596$1,464$808$178
44 years$7,129$4,255$2,437$1,352$733$155
45 years$6,892$4,057$2,288$1,248$666$135
46 years$6,666$3,871$2,149$1,153$604$118
47 years$6,450$3,694$2,019$1,065$549$102
48 years$6,244$3,526$1,897$985$498$89
49 years$6,047$3,367$1,783$910$453$77
50 years$5,858$3,217$1,677$841$411$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,000,000, adding $5,123 every year, while hoping to spend $49,346 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: 58/24/18 Blend
62$6,000,000$6,000,000$6,000,000$6,000,000
63$6,617,284$6,299,284$6,206,284$6,969,560
64$7,239,744$6,555,446$6,361,691$7,465,259
65$7,924,040$6,822,505$6,520,650$7,999,567
66$8,676,428$7,100,944$6,683,228$8,580,939
67$9,503,801$7,391,267$6,849,493$9,213,920
68$10,413,750$7,694,000$7,019,513$9,903,508
69$11,414,642$8,009,696$7,193,356$10,655,201
70$12,515,693$8,338,929$7,371,091$11,475,050
71$13,727,060$8,682,302$7,552,789$12,369,709
72$15,059,931$9,040,446$7,738,518$13,346,502
73$16,526,635$9,414,019$7,928,350$14,413,489
74$18,140,757$9,803,711$8,122,354$15,579,539
75$19,917,264$10,210,243$8,320,603$16,854,413
76$21,872,648$10,634,368$8,523,167$18,248,857
77$24,025,082$11,076,876$8,730,117$19,774,696
78$26,394,589$11,538,592$8,941,524$21,444,950
79$29,003,233$12,020,378$9,157,461$23,273,953
80$31,875,325$12,523,139$9,377,998$25,277,483
81$35,037,654$13,047,818$9,603,207$27,472,915
82$38,519,738$13,595,405$9,833,158$29,879,378
83$42,354,104$14,166,933$10,067,922$32,517,935
84$46,576,595$14,763,485$10,307,569$35,411,781
85$51,226,704$15,386,192$10,552,169$38,586,457
86$56,347,952$16,036,240$10,801,791$42,070,091
87$61,988,296$16,714,868$11,056,503$45,893,660
88$68,200,579$17,423,374$11,316,373$50,091,280
89$75,043,034$18,163,115$11,581,467$54,700,524
90$82,579,828$18,935,512$11,851,851$59,762,776
91$90,881,670$19,742,052$12,127,589$65,323,617
92$100,026,480$20,584,292$12,408,742$71,433,253
93$110,100,119$21,463,860$12,695,373$78,146,985
94$121,197,204$22,382,462$12,987,541$85,525,730
95$133,421,998$23,341,882$13,285,302$93,636,588
96$146,889,395$24,343,988$13,588,713$102,553,476
97$161,726,005$25,390,735$13,897,827$112,357,821
98$178,071,347$26,484,170$14,212,693$123,139,321
99$196,079,166$27,626,436$14,533,360$134,996,795
100$215,918,886$28,819,776$14,859,873$148,039,103