Can I retire at age 63 with 6,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$528,506$523,798$519,205$514,722$510,345$505,436
2 years$261,637$256,764$252,041$247,463$243,021$238,076
3 years$172,692$167,798$163,088$158,552$154,183$149,355
4 years$128,228$123,349$118,686$114,228$109,964$105,291
5 years$101,557$96,707$92,105$87,738$83,593$79,088
6 years$83,782$78,969$74,435$70,165$66,144$61,813
7 years$71,090$66,318$61,856$57,686$53,793$49,637
8 years$61,576$56,847$52,458$48,392$44,627$40,646
9 years$54,180$49,495$45,182$41,219$37,582$33,775
10 years$48,267$43,628$39,391$35,531$32,022$28,387
11 years$43,432$38,839$34,679$30,923$27,540$24,074
12 years$39,405$34,860$30,777$27,123$23,865$20,565
13 years$36,001$31,503$27,497$23,946$20,811$17,672
14 years$33,086$28,636$24,706$21,256$18,243$15,261
15 years$30,561$26,159$22,306$18,957$16,062$13,234
16 years$28,354$24,000$20,224$16,974$14,196$11,516
17 years$26,409$22,104$18,403$15,251$12,587$10,051
18 years$24,682$20,425$16,800$13,744$11,192$8,794
19 years$23,139$18,929$15,379$12,419$9,976$7,711
20 years$21,752$17,590$14,114$11,248$8,910$6,775
21 years$20,498$16,384$12,982$10,208$7,974$5,962
22 years$19,360$15,294$11,965$9,282$7,147$5,253
23 years$18,322$14,304$11,048$8,453$6,416$4,635
24 years$17,373$13,402$10,217$7,709$5,767$4,094
25 years$16,500$12,577$9,463$7,041$5,189$3,620
26 years$15,696$11,821$8,777$6,438$4,674$3,203
27 years$14,953$11,125$8,150$5,893$4,214$2,836
28 years$14,264$10,483$7,577$5,399$3,803$2,513
29 years$13,624$9,889$7,051$4,951$3,434$2,228
30 years$13,028$9,339$6,567$4,544$3,103$1,976
31 years$12,471$8,829$6,123$4,173$2,805$1,753
32 years$11,950$8,354$5,712$3,835$2,537$1,557
33 years$11,461$7,911$5,334$3,527$2,296$1,382
34 years$11,003$7,498$4,984$3,245$2,079$1,228
35 years$10,571$7,112$4,659$2,987$1,883$1,091
36 years$10,165$6,750$4,359$2,751$1,706$970
37 years$9,781$6,411$4,080$2,535$1,546$862
38 years$9,418$6,093$3,820$2,336$1,402$766
39 years$9,075$5,794$3,579$2,154$1,271$682
40 years$8,750$5,512$3,355$1,987$1,153$606
41 years$8,441$5,247$3,146$1,833$1,046$539
42 years$8,148$4,997$2,951$1,692$949$480
43 years$7,869$4,761$2,769$1,562$861$427
44 years$7,604$4,538$2,599$1,442$782$380
45 years$7,351$4,328$2,441$1,332$710$338
46 years$7,110$4,129$2,292$1,230$645$301
47 years$6,880$3,940$2,153$1,137$585$268
48 years$6,660$3,761$2,024$1,050$532$238
49 years$6,450$3,592$1,902$971$483$212
50 years$6,249$3,431$1,788$897$438$189

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,400,000, adding $5,823 every year, while hoping to spend $30,975 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: 41/39/20 Blend
62$6,400,000$6,400,000$6,400,000$6,400,000
63$7,058,806$6,719,606$6,620,406$7,306,400
64$7,745,848$7,015,910$6,809,233$7,779,705
65$8,501,929$7,325,694$7,003,347$8,288,247
66$9,334,059$7,649,587$7,202,893$8,838,047
67$10,249,963$7,988,246$7,408,019$9,432,893
68$11,258,149$8,342,360$7,618,878$10,076,945
69$12,367,994$8,712,650$7,835,625$10,774,766
70$13,589,832$9,099,873$8,058,420$11,531,367
71$14,935,047$9,504,818$8,287,429$12,352,250
72$16,416,184$9,928,316$8,522,820$13,243,457
73$18,047,066$10,371,235$8,764,766$14,211,625
74$19,842,925$10,834,485$9,013,445$15,264,045
75$21,820,547$11,319,018$9,269,038$16,408,728
76$23,998,426$11,825,833$9,531,734$17,654,479
77$26,396,943$12,355,976$9,801,725$19,010,972
78$29,038,554$12,910,542$10,079,206$20,488,844
79$31,948,007$13,490,679$10,364,380$22,099,787
80$35,152,572$14,097,590$10,657,454$23,856,657
81$38,682,296$14,732,534$10,958,641$25,773,590
82$42,570,294$15,396,832$11,268,159$27,866,132
83$46,853,053$16,091,866$11,586,232$30,151,382
84$51,570,783$16,819,085$11,913,088$32,648,147
85$56,767,790$17,580,008$12,248,964$35,377,116
86$62,492,901$18,376,224$12,594,101$38,361,050
87$68,799,919$19,209,402$12,948,745$41,624,992
88$75,748,134$20,081,286$13,313,152$45,196,497
89$83,402,882$20,993,707$13,687,581$49,105,888
90$91,836,160$21,948,583$14,072,299$53,386,535
91$101,127,308$22,947,922$14,467,580$58,075,163
92$111,363,753$23,993,831$14,873,704$63,212,194
93$122,641,843$25,088,515$15,290,960$68,842,120
94$135,067,745$26,234,287$15,719,641$75,013,919
95$148,758,458$27,433,569$16,160,052$81,781,506
96$163,842,907$28,688,901$16,612,500$89,204,236
97$180,463,170$30,002,944$17,077,305$97,347,455
98$198,775,811$31,378,485$17,554,792$106,283,112
99$218,953,361$32,818,448$18,045,295$116,090,425
100$241,185,947$34,325,896$18,549,156$126,856,620