Can I retire at age 63 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$520,248$515,614$511,093$506,680$502,371$499,834
2 years$257,549$252,752$248,103$243,596$239,224$236,664
3 years$169,994$165,176$160,539$156,074$151,774$149,269
4 years$126,225$121,422$116,831$112,443$108,246$105,817
5 years$99,970$95,196$90,666$86,367$82,287$79,940
6 years$82,473$77,735$73,272$69,068$65,111$62,849
7 years$69,980$65,282$60,889$56,785$52,953$50,777
8 years$60,614$55,958$51,639$47,635$43,929$41,841
9 years$53,333$48,722$44,476$40,575$36,995$34,992
10 years$47,512$42,946$38,776$34,976$31,521$29,604
11 years$42,753$38,232$34,137$30,439$27,110$25,276
12 years$38,789$34,315$30,296$26,700$23,493$21,742
13 years$35,438$31,011$27,068$23,572$20,486$18,816
14 years$32,569$28,188$24,320$20,924$17,958$16,367
15 years$30,084$25,750$21,958$18,661$15,812$14,297
16 years$27,911$23,625$19,908$16,709$13,974$12,535
17 years$25,997$21,758$18,116$15,013$12,391$11,024
18 years$24,297$20,106$16,537$13,529$11,017$9,721
19 years$22,777$18,634$15,139$12,225$9,820$8,591
20 years$21,412$17,315$13,894$11,072$8,771$7,608
21 years$20,178$16,128$12,780$10,049$7,849$6,750
22 years$19,057$15,055$11,778$9,136$7,036$5,997
23 years$18,036$14,081$10,875$8,321$6,316$5,335
24 years$17,101$13,193$10,058$7,589$5,677$4,752
25 years$16,242$12,381$9,316$6,931$5,108$4,238
26 years$15,451$11,636$8,640$6,337$4,601$3,782
27 years$14,719$10,951$8,023$5,801$4,148$3,378
28 years$14,041$10,319$7,458$5,315$3,743$3,019
29 years$13,411$9,735$6,940$4,874$3,380$2,701
30 years$12,824$9,193$6,465$4,473$3,054$2,417
31 years$12,276$8,691$6,027$4,108$2,761$2,164
32 years$11,763$8,223$5,623$3,775$2,498$1,939
33 years$11,282$7,788$5,250$3,472$2,260$1,737
34 years$10,831$7,381$4,906$3,194$2,047$1,557
35 years$10,406$7,001$4,586$2,940$1,854$1,397
36 years$10,006$6,645$4,291$2,708$1,679$1,253
37 years$9,628$6,311$4,016$2,495$1,522$1,124
38 years$9,271$5,998$3,761$2,300$1,380$1,009
39 years$8,933$5,703$3,523$2,121$1,251$906
40 years$8,613$5,426$3,302$1,956$1,135$813
41 years$8,309$5,165$3,097$1,805$1,030$730
42 years$8,021$4,919$2,905$1,665$934$656
43 years$7,746$4,687$2,726$1,537$848$589
44 years$7,485$4,468$2,559$1,419$770$529
45 years$7,236$4,260$2,402$1,311$699$475
46 years$6,999$4,064$2,256$1,211$634$427
47 years$6,773$3,878$2,120$1,119$576$384
48 years$6,556$3,702$1,992$1,034$523$345
49 years$6,349$3,536$1,872$955$475$310
50 years$6,151$3,377$1,760$883$432$279

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,300,000, adding $5,448 every year, while hoping to spend $39,812 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: 44/44/12 Blend
62$6,300,000$6,300,000$6,300,000$6,300,000
63$6,948,220$6,614,320$6,516,670$7,229,759
64$7,614,578$6,896,062$6,692,618$7,708,106
65$8,347,571$7,190,275$6,873,127$8,221,797
66$9,153,953$7,497,528$7,058,307$8,777,675
67$10,041,166$7,818,417$7,248,270$9,379,635
68$11,017,411$8,153,564$7,443,132$10,031,958
69$12,091,722$8,503,624$7,643,012$10,739,338
70$13,274,054$8,869,278$7,848,030$11,506,935
71$14,575,377$9,251,243$8,058,308$12,340,412
72$16,007,777$9,650,265$8,273,973$13,245,991
73$17,584,572$10,067,130$8,495,153$14,230,506
74$19,320,436$10,502,657$8,721,978$15,301,469
75$21,231,539$10,957,705$8,954,583$16,467,133
76$23,335,697$11,433,174$9,193,103$17,736,568
77$25,652,544$11,930,005$9,437,677$19,119,746
78$28,203,712$12,449,184$9,688,448$20,627,630
79$31,013,039$12,991,742$9,945,559$22,272,272
80$34,106,793$13,558,761$10,209,159$24,066,926
81$37,513,918$14,151,373$10,479,398$26,026,168
82$41,266,309$14,770,762$10,756,430$28,166,029
83$45,399,112$15,418,169$11,040,410$30,504,143
84$49,951,056$16,094,893$11,331,498$33,059,909
85$54,964,817$16,802,296$11,629,856$35,854,668
86$60,487,422$17,541,803$11,935,650$38,911,900
87$66,570,693$18,314,905$12,249,049$42,257,443
88$73,271,735$19,123,166$12,570,223$45,919,729
89$80,653,474$19,968,224$12,899,347$49,930,048
90$88,785,253$20,851,792$13,236,600$54,322,835
91$97,743,485$21,775,666$13,582,163$59,135,993
92$107,612,374$22,741,727$13,936,219$64,411,242
93$118,484,710$23,751,945$14,298,956$70,194,507
94$130,462,745$24,808,384$14,670,565$76,536,345
95$143,659,155$25,913,206$15,051,239$83,492,411
96$158,198,109$27,068,673$15,441,176$91,123,983
97$174,216,437$28,277,159$15,840,576$99,498,526
98$191,864,922$29,541,147$16,249,643$108,690,323
99$211,309,721$30,863,241$16,668,584$118,781,170
100$232,733,939$32,246,167$17,097,608$129,861,134