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%17.8%
1 years$520,248$515,614$511,093$506,680$502,371$486,484
2 years$257,549$252,752$248,103$243,596$239,224$223,363
3 years$169,994$165,176$160,539$156,074$151,774$136,435
4 years$126,225$121,422$116,831$112,443$108,246$93,548
5 years$99,970$95,196$90,666$86,367$82,287$68,269
6 years$82,473$77,735$73,272$69,068$65,111$51,784
7 years$69,980$65,282$60,889$56,785$52,953$40,316
8 years$60,614$55,958$51,639$47,635$43,929$31,975
9 years$53,333$48,722$44,476$40,575$36,995$25,709
10 years$47,512$42,946$38,776$34,976$31,521$20,887
11 years$42,753$38,232$34,137$30,439$27,110$17,108
12 years$38,789$34,315$30,296$26,700$23,493$14,102
13 years$35,438$31,011$27,068$23,572$20,486$11,683
14 years$32,569$28,188$24,320$20,924$17,958$9,720
15 years$30,084$25,750$21,958$18,661$15,812$8,113
16 years$27,911$23,625$19,908$16,709$13,974$6,791
17 years$25,997$21,758$18,116$15,013$12,391$5,698
18 years$24,297$20,106$16,537$13,529$11,017$4,789
19 years$22,777$18,634$15,139$12,225$9,820$4,032
20 years$21,412$17,315$13,894$11,072$8,771$3,399
21 years$20,178$16,128$12,780$10,049$7,849$2,868
22 years$19,057$15,055$11,778$9,136$7,036$2,423
23 years$18,036$14,081$10,875$8,321$6,316$2,048
24 years$17,101$13,193$10,058$7,589$5,677$1,732
25 years$16,242$12,381$9,316$6,931$5,108$1,466
26 years$15,451$11,636$8,640$6,337$4,601$1,241
27 years$14,719$10,951$8,023$5,801$4,148$1,051
28 years$14,041$10,319$7,458$5,315$3,743$891
29 years$13,411$9,735$6,940$4,874$3,380$755
30 years$12,824$9,193$6,465$4,473$3,054$640
31 years$12,276$8,691$6,027$4,108$2,761$543
32 years$11,763$8,223$5,623$3,775$2,498$460
33 years$11,282$7,788$5,250$3,472$2,260$391
34 years$10,831$7,381$4,906$3,194$2,047$331
35 years$10,406$7,001$4,586$2,940$1,854$281
36 years$10,006$6,645$4,291$2,708$1,679$238
37 years$9,628$6,311$4,016$2,495$1,522$202
38 years$9,271$5,998$3,761$2,300$1,380$172
39 years$8,933$5,703$3,523$2,121$1,251$146
40 years$8,613$5,426$3,302$1,956$1,135$124
41 years$8,309$5,165$3,097$1,805$1,030$105
42 years$8,021$4,919$2,905$1,665$934$89
43 years$7,746$4,687$2,726$1,537$848$76
44 years$7,485$4,468$2,559$1,419$770$64
45 years$7,236$4,260$2,402$1,311$699$54
46 years$6,999$4,064$2,256$1,211$634$46
47 years$6,773$3,878$2,120$1,119$576$39
48 years$6,556$3,702$1,992$1,034$523$33
49 years$6,349$3,536$1,872$955$475$28
50 years$6,151$3,377$1,760$883$432$24

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 $3,918 every year, while hoping to spend $27,582 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: 38/33/29 Blend
62$6,300,000$6,300,000$6,300,000$6,300,000
63$6,946,641$6,612,741$6,515,091$7,150,518
64$7,625,852$6,907,419$6,704,000$7,595,729
65$8,373,417$7,215,611$6,898,312$8,073,765
66$9,196,281$7,537,951$7,098,181$8,589,897
67$10,102,093$7,875,102$7,303,761$9,147,605
68$11,099,283$8,227,758$7,515,214$9,750,709
69$12,197,140$8,596,649$7,732,704$10,403,399
70$13,405,899$8,982,536$7,956,401$11,110,276
71$14,736,838$9,386,217$8,186,477$11,876,392
72$16,202,385$9,808,530$8,423,113$12,707,294
73$17,816,232$10,250,352$8,666,491$13,609,075
74$19,593,469$10,712,602$8,916,801$14,588,428
75$21,550,725$11,196,240$9,174,235$15,652,708
76$23,706,320$11,702,277$9,438,993$16,809,996
77$26,080,444$12,231,769$9,711,279$18,069,173
78$28,695,346$12,785,822$9,991,303$19,440,003
79$31,575,540$13,365,596$10,279,281$20,933,217
80$34,748,042$13,972,307$10,575,434$22,560,616
81$38,242,622$14,607,229$10,879,990$24,335,175
82$42,092,082$15,271,696$11,193,182$26,271,163
83$46,332,571$15,967,106$11,515,251$28,384,274
84$51,003,924$16,694,925$11,846,442$30,691,770
85$56,150,036$17,456,688$12,187,010$33,212,639
86$61,819,278$18,254,005$12,537,213$35,967,774
87$68,064,954$19,088,561$12,897,320$38,980,159
88$74,945,803$19,962,123$13,267,603$42,275,086
89$82,526,552$20,876,544$13,648,345$45,880,385
90$90,878,530$21,833,765$14,039,834$49,826,686
91$100,080,339$22,835,819$14,442,368$54,147,696
92$110,218,597$23,884,838$14,856,251$58,880,516
93$121,388,755$24,983,055$15,281,796$64,065,986
94$133,695,996$26,132,813$15,719,325$69,749,059
95$147,256,232$27,336,566$16,169,167$75,979,222
96$162,197,195$28,596,884$16,631,660$82,810,957
97$178,659,641$29,916,464$17,107,153$90,304,243
98$196,798,684$31,298,131$17,596,003$98,525,123
99$216,785,257$32,744,846$18,098,576$107,546,309
100$238,807,722$34,259,712$18,615,247$117,447,869