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%18.1%
1 years$495,474$491,061$486,755$482,552$478,448$462,763
2 years$245,284$240,716$236,289$231,996$227,833$212,179
3 years$161,899$157,311$152,895$148,642$144,546$129,417
4 years$120,214$115,640$111,268$107,088$103,092$88,601
5 years$95,210$90,663$86,349$82,254$78,369$64,557
6 years$78,545$74,033$69,782$65,779$62,010$48,888
7 years$66,647$62,173$57,990$54,081$50,431$37,996
8 years$57,728$53,294$49,180$45,367$41,837$30,082
9 years$50,794$46,402$42,359$38,643$35,233$24,143
10 years$45,250$40,901$36,929$33,310$30,020$19,578
11 years$40,717$36,412$32,512$28,990$25,819$16,004
12 years$36,942$32,681$28,853$25,428$22,374$13,166
13 years$33,751$29,534$25,779$22,449$19,510$10,886
14 years$31,018$26,846$23,162$19,928$17,103$9,037
15 years$28,651$24,524$20,912$17,772$15,059$7,528
16 years$26,582$22,500$18,960$15,913$13,309$6,287
17 years$24,759$20,722$17,253$14,298$11,801$5,263
18 years$23,140$19,148$15,750$12,885$10,492$4,414
19 years$21,693$17,746$14,418$11,643$9,352$3,708
20 years$20,392$16,491$13,232$10,545$8,354$3,118
21 years$19,217$15,360$12,171$9,570$7,475$2,625
22 years$18,150$14,338$11,218$8,701$6,701$2,212
23 years$17,177$13,410$10,357$7,925$6,015$1,866
24 years$16,287$12,565$9,579$7,228$5,406$1,574
25 years$15,469$11,791$8,872$6,601$4,865$1,329
26 years$14,715$11,082$8,228$6,035$4,382$1,123
27 years$14,018$10,429$7,641$5,524$3,951$949
28 years$13,373$9,828$7,103$5,061$3,565$802
29 years$12,773$9,271$6,610$4,641$3,219$678
30 years$12,213$8,756$6,157$4,260$2,909$573
31 years$11,691$8,277$5,740$3,912$2,630$485
32 years$11,203$7,832$5,355$3,595$2,379$410
33 years$10,745$7,417$5,000$3,306$2,153$347
34 years$10,315$7,029$4,672$3,042$1,949$294
35 years$9,911$6,667$4,368$2,800$1,765$249
36 years$9,529$6,328$4,086$2,579$1,599$210
37 years$9,170$6,010$3,825$2,376$1,450$178
38 years$8,830$5,712$3,582$2,190$1,314$151
39 years$8,508$5,432$3,356$2,020$1,192$128
40 years$8,203$5,168$3,145$1,863$1,081$108
41 years$7,914$4,919$2,949$1,719$981$91
42 years$7,639$4,685$2,766$1,586$890$77
43 years$7,378$4,464$2,596$1,464$808$66
44 years$7,129$4,255$2,437$1,352$733$56
45 years$6,892$4,057$2,288$1,248$666$47
46 years$6,666$3,871$2,149$1,153$604$40
47 years$6,450$3,694$2,019$1,065$549$34
48 years$6,244$3,526$1,897$985$498$29
49 years$6,047$3,367$1,783$910$453$24
50 years$5,858$3,217$1,677$841$411$20

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 $2,689 every year, while hoping to spend $52,388 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: 50/28/22 Blend
62$6,000,000$6,000,000$6,000,000$6,000,000
63$6,614,774$6,296,774$6,203,774$6,904,581
64$7,233,740$6,549,575$6,355,860$7,358,682
65$7,914,085$6,813,008$6,511,285$7,846,394
66$8,662,015$7,087,538$6,670,105$8,375,379
67$9,484,365$7,373,652$6,832,378$8,949,562
68$10,388,667$7,671,858$6,998,160$9,573,255
69$11,383,221$7,982,689$7,167,509$10,251,199
70$12,477,169$8,306,700$7,340,479$10,988,609
71$13,680,585$8,644,473$7,517,130$11,791,219
72$15,004,567$8,996,615$7,697,517$12,665,336
73$16,461,345$9,363,762$7,881,696$13,617,899
74$18,064,394$9,746,577$8,069,724$14,656,538
75$19,828,559$10,145,757$8,261,657$15,789,653
76$21,770,200$10,562,026$8,457,550$17,026,482
77$23,907,340$10,996,146$8,657,458$18,377,192
78$26,259,841$11,448,909$8,861,435$19,852,974
79$28,849,587$11,921,147$9,069,535$21,466,140
80$31,700,691$12,413,729$9,281,810$23,230,246
81$34,839,723$12,927,564$9,498,313$25,160,211
82$38,295,962$13,463,602$9,719,093$27,272,457
83$42,101,669$14,022,837$9,944,201$29,585,064
84$46,292,392$14,606,309$10,173,686$32,117,936
85$50,907,305$15,215,107$10,407,593$34,892,988
86$55,989,571$15,850,368$10,645,968$37,934,347
87$61,586,754$16,513,283$10,888,855$41,268,582
88$67,751,267$17,205,098$11,136,295$44,924,947
89$74,540,864$17,927,115$11,388,329$48,935,658
90$82,019,187$18,680,699$11,644,993$53,336,189
91$90,256,367$19,467,276$11,906,323$58,165,611
92$99,329,682$20,288,339$12,172,351$63,466,949
93$109,324,292$21,145,449$12,443,107$69,287,593
94$120,334,035$22,040,242$12,718,617$75,679,734
95$132,462,321$22,974,428$12,998,904$82,700,858
96$145,823,099$23,949,796$13,283,989$90,414,283
97$160,541,939$24,968,221$13,573,887$98,889,751
98$176,757,216$26,031,662$13,868,611$108,204,086
99$194,621,410$27,142,172$14,168,168$118,441,910
100$214,302,554$28,301,898$14,472,561$129,696,439