Can I retire at age 63 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$511,990$507,430$502,980$498,637$494,397$477,616
2 years$253,460$248,740$244,165$239,729$235,427$218,688
3 years$167,295$162,554$157,991$153,597$149,365$133,194
4 years$124,221$119,495$114,977$110,658$106,528$91,050
5 years$98,383$93,685$89,227$84,996$80,981$66,236
6 years$81,164$76,501$72,109$67,972$64,077$50,077
7 years$68,869$64,245$59,923$55,883$52,112$38,854
8 years$59,652$55,070$50,819$46,879$43,232$30,706
9 years$52,487$47,949$43,770$39,931$36,408$24,599
10 years$46,758$42,264$38,160$34,421$31,021$19,910
11 years$42,074$37,625$33,596$29,956$26,679$16,244
12 years$38,174$33,771$29,815$26,276$23,120$13,336
13 years$34,876$30,519$26,638$23,198$20,161$11,004
14 years$32,052$27,741$23,934$20,592$17,673$9,117
15 years$29,606$25,342$21,609$18,365$15,561$7,578
16 years$27,468$23,250$19,592$16,443$13,752$6,316
17 years$25,584$21,413$17,828$14,774$12,194$5,275
18 years$23,911$19,786$16,275$13,315$10,842$4,414
19 years$22,416$18,338$14,899$12,031$9,664$3,699
20 years$21,072$17,040$13,673$10,896$8,632$3,104
21 years$19,857$15,872$12,577$9,889$7,725$2,607
22 years$18,755$14,816$11,591$8,991$6,924$2,192
23 years$17,750$13,857$10,703$8,189$6,215$1,844
24 years$16,830$12,984$9,898$7,469$5,587$1,553
25 years$15,985$12,184$9,168$6,821$5,027$1,308
26 years$15,206$11,451$8,503$6,237$4,528$1,102
27 years$14,486$10,777$7,895$5,708$4,083$929
28 years$13,818$10,155$7,340$5,230$3,684$783
29 years$13,198$9,580$6,830$4,796$3,326$661
30 years$12,621$9,048$6,362$4,402$3,006$557
31 years$12,081$8,553$5,931$4,043$2,717$470
32 years$11,576$8,093$5,534$3,715$2,458$397
33 years$11,103$7,664$5,167$3,416$2,224$335
34 years$10,659$7,264$4,828$3,143$2,014$283
35 years$10,241$6,890$4,514$2,894$1,824$239
36 years$9,847$6,539$4,222$2,665$1,653$201
37 years$9,475$6,211$3,952$2,455$1,498$170
38 years$9,124$5,902$3,701$2,263$1,358$144
39 years$8,791$5,613$3,467$2,087$1,232$121
40 years$8,476$5,340$3,250$1,925$1,117$102
41 years$8,177$5,083$3,047$1,776$1,013$86
42 years$7,894$4,841$2,859$1,639$920$73
43 years$7,624$4,612$2,682$1,513$835$62
44 years$7,366$4,397$2,518$1,397$758$52
45 years$7,122$4,193$2,364$1,290$688$44
46 years$6,888$4,000$2,221$1,192$624$37
47 years$6,665$3,817$2,086$1,101$567$31
48 years$6,452$3,644$1,960$1,017$515$26
49 years$6,248$3,480$1,843$940$468$22
50 years$6,053$3,324$1,732$869$425$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,200,000, adding $3,896 every year, while hoping to spend $21,695 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: 75/7/18 Blend
62$6,200,000$6,200,000$6,200,000$6,200,000
63$6,836,419$6,507,819$6,411,719$7,320,596
64$7,510,650$6,803,619$6,603,428$7,937,562
65$8,252,926$7,113,185$6,800,832$8,610,570
66$9,070,164$7,437,171$7,004,100$9,347,686
67$9,969,987$7,776,258$7,213,403$10,155,292
68$10,960,793$8,131,163$7,428,920$11,040,415
69$12,051,839$8,502,634$7,650,833$12,010,795
70$13,253,322$8,891,459$7,879,332$13,074,953
71$14,576,480$9,298,460$8,114,609$14,242,273
72$16,033,698$9,724,501$8,356,865$15,523,092
73$17,638,619$10,170,486$8,606,304$16,928,792
74$19,406,282$10,637,363$8,863,139$18,471,909
75$21,353,254$11,126,126$9,127,586$20,166,252
76$23,497,795$11,637,815$9,399,869$22,027,029
77$25,860,024$12,173,522$9,680,218$24,070,992
78$28,462,112$12,734,390$9,968,871$26,316,594
79$31,328,491$13,321,619$10,266,072$28,784,161
80$34,486,083$13,936,463$10,572,071$31,496,083
81$37,964,554$14,580,241$10,887,126$34,477,025
82$41,796,598$15,254,332$11,211,504$37,754,158
83$46,018,239$15,960,183$11,545,478$41,357,413
84$50,669,178$16,699,310$11,889,329$45,319,767
85$55,793,159$17,473,302$12,243,348$49,677,546
86$61,438,393$18,283,824$12,607,831$54,470,773
87$67,658,001$19,132,624$12,983,086$59,743,539
88$74,510,526$20,021,531$13,369,427$65,544,422
89$82,060,477$20,952,464$13,767,181$71,926,941
90$90,378,945$21,927,434$14,176,681$78,950,062
91$99,544,268$22,948,549$14,598,270$86,678,750
92$109,642,774$24,018,019$15,032,303$95,184,584
93$120,769,595$25,138,159$15,479,143$104,546,428
94$133,029,564$26,311,400$15,939,165$114,851,175
95$146,538,206$27,540,285$16,412,753$126,194,565
96$161,422,828$28,827,484$16,900,306$138,682,087
97$177,823,720$30,175,794$17,402,229$152,429,972
98$195,895,480$31,588,148$17,918,944$167,566,288
99$215,808,471$33,067,620$18,450,881$184,232,149
100$237,750,435$34,617,433$18,998,486$202,583,041