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%15.2%
1 years$495,474$491,061$486,755$482,552$478,448$468,214
2 years$245,284$240,716$236,289$231,996$227,833$217,572
3 years$161,899$157,311$152,895$148,642$144,546$134,579
4 years$120,214$115,640$111,268$107,088$103,092$93,495
5 years$95,210$90,663$86,349$82,254$78,369$69,169
6 years$78,545$74,033$69,782$65,779$62,010$53,218
7 years$66,647$62,173$57,990$54,081$50,431$42,048
8 years$57,728$53,294$49,180$45,367$41,837$33,860
9 years$50,794$46,402$42,359$38,643$35,233$27,656
10 years$45,250$40,901$36,929$33,310$30,020$22,836
11 years$40,717$36,412$32,512$28,990$25,819$19,018
12 years$36,942$32,681$28,853$25,428$22,374$15,946
13 years$33,751$29,534$25,779$22,449$19,510$13,445
14 years$31,018$26,846$23,162$19,928$17,103$11,387
15 years$28,651$24,524$20,912$17,772$15,059$9,680
16 years$26,582$22,500$18,960$15,913$13,309$8,255
17 years$24,759$20,722$17,253$14,298$11,801$7,058
18 years$23,140$19,148$15,750$12,885$10,492$6,047
19 years$21,693$17,746$14,418$11,643$9,352$5,191
20 years$20,392$16,491$13,232$10,545$8,354$4,463
21 years$19,217$15,360$12,171$9,570$7,475$3,843
22 years$18,150$14,338$11,218$8,701$6,701$3,312
23 years$17,177$13,410$10,357$7,925$6,015$2,857
24 years$16,287$12,565$9,579$7,228$5,406$2,467
25 years$15,469$11,791$8,872$6,601$4,865$2,132
26 years$14,715$11,082$8,228$6,035$4,382$1,843
27 years$14,018$10,429$7,641$5,524$3,951$1,595
28 years$13,373$9,828$7,103$5,061$3,565$1,380
29 years$12,773$9,271$6,610$4,641$3,219$1,195
30 years$12,213$8,756$6,157$4,260$2,909$1,035
31 years$11,691$8,277$5,740$3,912$2,630$897
32 years$11,203$7,832$5,355$3,595$2,379$777
33 years$10,745$7,417$5,000$3,306$2,153$674
34 years$10,315$7,029$4,672$3,042$1,949$584
35 years$9,911$6,667$4,368$2,800$1,765$506
36 years$9,529$6,328$4,086$2,579$1,599$439
37 years$9,170$6,010$3,825$2,376$1,450$381
38 years$8,830$5,712$3,582$2,190$1,314$330
39 years$8,508$5,432$3,356$2,020$1,192$287
40 years$8,203$5,168$3,145$1,863$1,081$249
41 years$7,914$4,919$2,949$1,719$981$216
42 years$7,639$4,685$2,766$1,586$890$187
43 years$7,378$4,464$2,596$1,464$808$162
44 years$7,129$4,255$2,437$1,352$733$141
45 years$6,892$4,057$2,288$1,248$666$122
46 years$6,666$3,871$2,149$1,153$604$106
47 years$6,450$3,694$2,019$1,065$549$92
48 years$6,244$3,526$1,897$985$498$80
49 years$6,047$3,367$1,783$910$453$69
50 years$5,858$3,217$1,677$841$411$60

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 $2,651 every year, while hoping to spend $30,884 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: 73/21/6 Blend
62$6,000,000$6,000,000$6,000,000$6,000,000
63$6,614,735$6,296,735$6,203,735$7,092,853
64$7,256,577$6,572,414$6,378,699$7,683,857
65$7,962,853$6,860,567$6,558,490$8,326,743
66$8,740,100$7,161,772$6,743,237$9,029,909
67$9,595,526$7,476,634$6,933,070$9,799,293
68$10,537,069$7,805,789$7,128,128$10,641,431
69$11,573,478$8,149,900$7,328,548$11,563,514
70$12,714,392$8,509,664$7,534,473$12,573,460
71$13,970,432$8,885,810$7,746,050$13,679,983
72$15,353,302$9,279,100$7,963,429$14,892,676
73$16,875,898$9,690,336$8,186,763$16,222,099
74$18,552,431$10,120,353$8,416,211$17,679,878
75$20,398,558$10,570,030$8,651,933$19,278,813
76$22,431,535$11,040,285$8,894,097$21,032,996
77$24,670,373$11,532,081$9,142,871$22,957,947
78$27,136,024$12,046,426$9,398,430$25,070,751
79$29,851,574$12,584,376$9,660,952$27,390,224
80$32,842,461$13,147,037$9,930,621$29,937,087
81$36,136,718$13,735,568$10,207,623$32,734,157
82$39,765,236$14,351,183$10,492,151$35,806,565
83$43,762,054$14,995,155$10,784,402$39,181,985
84$48,164,681$15,668,816$11,084,577$42,890,899
85$53,014,452$16,373,561$11,392,884$46,966,879
86$58,356,914$17,110,853$11,709,533$51,446,901
87$64,242,259$17,882,225$12,034,742$56,371,695
88$70,725,797$18,689,281$12,368,734$61,786,123
89$77,868,476$19,533,704$12,711,735$67,739,599
90$85,737,462$20,417,257$13,063,979$74,286,559
91$94,406,766$21,341,785$13,425,705$81,486,963
92$103,957,947$22,309,224$13,797,157$89,406,865
93$114,480,882$23,321,600$14,178,586$98,119,028
94$126,074,612$24,381,039$14,570,249$107,703,612
95$138,848,278$25,489,765$14,972,408$118,248,922
96$152,922,151$26,650,112$15,385,332$129,852,242
97$168,428,766$27,864,523$15,809,296$142,620,749
98$185,514,175$29,135,560$16,244,583$156,672,516
99$204,339,325$30,465,906$16,691,480$172,137,628
100$225,081,575$31,858,375$17,150,284$189,159,402