Can I retire at age 63 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$503,732$499,245$494,868$490,595$486,423$473,129
2 years$249,372$244,728$240,227$235,863$231,630$218,333
3 years$164,597$159,933$155,443$151,120$146,955$134,073
4 years$122,217$117,567$113,123$108,873$104,810$92,440
5 years$96,796$92,174$87,788$83,625$79,675$67,852
6 years$79,855$75,267$70,946$66,876$63,044$51,779
7 years$67,758$63,209$58,956$54,982$51,272$40,565
8 years$58,690$54,182$49,999$46,123$42,535$32,381
9 years$51,640$47,175$43,064$39,287$35,820$26,210
10 years$46,004$41,583$37,545$33,866$30,521$21,442
11 years$41,396$37,019$33,054$29,473$26,249$17,687
12 years$37,558$33,226$29,334$25,852$22,747$14,685
13 years$34,313$30,026$26,208$22,823$19,836$12,258
14 years$31,535$27,293$23,548$20,260$17,388$10,275
15 years$29,129$24,933$21,261$18,068$15,310$8,644
16 years$27,025$22,875$19,276$16,178$13,531$7,293
17 years$25,171$21,067$17,540$14,536$11,997$6,168
18 years$23,525$19,467$16,012$13,100$10,667$5,227
19 years$22,054$18,042$14,658$11,837$9,508$4,437
20 years$20,732$16,766$13,453$10,721$8,493$3,772
21 years$19,537$15,616$12,374$9,730$7,600$3,210
22 years$18,452$14,577$11,405$8,846$6,812$2,735
23 years$17,463$13,634$10,530$8,057$6,115$2,332
24 years$16,558$12,774$9,739$7,348$5,496$1,990
25 years$15,727$11,988$9,020$6,711$4,946$1,699
26 years$14,960$11,267$8,365$6,136$4,455$1,451
27 years$14,252$10,603$7,768$5,616$4,017$1,240
28 years$13,596$9,991$7,221$5,146$3,624$1,060
29 years$12,985$9,426$6,720$4,719$3,273$907
30 years$12,417$8,902$6,260$4,331$2,957$776
31 years$11,886$8,415$5,836$3,977$2,673$664
32 years$11,390$7,962$5,445$3,655$2,418$568
33 years$10,924$7,540$5,084$3,361$2,189$486
34 years$10,487$7,147$4,750$3,093$1,982$416
35 years$10,076$6,778$4,441$2,847$1,795$357
36 years$9,688$6,434$4,154$2,622$1,626$305
37 years$9,322$6,111$3,888$2,416$1,474$262
38 years$8,977$5,807$3,641$2,227$1,336$224
39 years$8,650$5,522$3,412$2,053$1,212$192
40 years$8,340$5,254$3,198$1,894$1,099$164
41 years$8,046$5,001$2,998$1,747$997$141
42 years$7,766$4,763$2,813$1,613$905$121
43 years$7,501$4,538$2,639$1,489$821$103
44 years$7,248$4,326$2,477$1,374$745$89
45 years$7,007$4,125$2,326$1,269$677$76
46 years$6,777$3,935$2,185$1,172$614$65
47 years$6,558$3,755$2,053$1,083$558$56
48 years$6,348$3,585$1,929$1,001$507$48
49 years$6,148$3,423$1,813$925$460$41
50 years$5,956$3,270$1,704$855$418$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,100,000, adding $3,500 every year, while hoping to spend $24,265 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: 60/27/13 Blend
62$6,100,000$6,100,000$6,100,000$6,100,000
63$6,725,810$6,402,510$6,307,960$7,107,710
64$7,386,025$6,690,415$6,493,459$7,653,029
65$8,112,769$6,991,615$6,684,359$8,244,573
66$8,912,801$7,306,734$6,880,815$8,889,267
67$9,793,572$7,636,429$7,082,987$9,592,242
68$10,763,288$7,981,386$7,291,040$10,359,144
69$11,830,995$8,342,325$7,505,141$11,196,179
70$13,006,659$8,720,001$7,725,465$12,110,174
71$14,301,260$9,115,204$7,952,190$13,108,636
72$15,726,900$9,528,760$8,185,501$14,199,827
73$17,296,914$9,961,539$8,425,584$15,392,835
74$19,025,993$10,414,449$8,672,636$16,697,657
75$20,930,330$10,888,443$8,926,855$18,125,297
76$23,027,765$11,384,518$9,188,446$19,687,860
77$25,337,959$11,903,721$9,457,620$21,398,672
78$27,882,576$12,447,148$9,734,595$23,272,396
79$30,685,487$13,015,947$10,019,593$25,325,172
80$33,773,001$13,611,323$10,312,844$27,574,766
81$37,174,105$14,234,536$10,614,582$30,040,734
82$40,920,745$14,886,908$10,925,051$32,744,605
83$45,048,120$15,569,826$11,244,500$35,710,080
84$49,595,021$16,284,741$11,573,184$38,963,252
85$54,604,194$17,033,174$11,911,366$42,532,852
86$60,122,743$17,816,720$12,259,318$46,450,512
87$66,202,575$18,637,052$12,617,317$50,751,065
88$72,900,890$19,495,920$12,985,650$55,472,867
89$80,280,721$20,395,160$13,364,609$60,658,153
90$88,411,529$21,336,698$13,754,498$66,353,438
91$97,369,858$22,322,549$14,155,627$72,609,945
92$107,240,058$23,354,828$14,568,315$79,484,088
93$118,115,080$24,435,751$14,992,890$87,037,998
94$130,097,356$25,567,640$15,429,688$95,340,107
95$143,299,761$26,752,929$15,879,058$104,465,785
96$157,846,684$27,994,170$16,341,354$114,498,047
97$173,875,200$29,294,039$16,816,943$125,528,334
98$191,536,361$30,655,337$17,306,202$137,657,366
99$210,996,626$32,081,005$17,809,516$150,996,092
100$232,439,430$33,574,122$18,327,283$165,666,724