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

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$528,506$523,798$519,205$514,722$510,345$502,511
2 years$261,637$256,764$252,041$247,463$243,021$235,148
3 years$172,692$167,798$163,088$158,552$154,183$146,515
4 years$128,228$123,349$118,686$114,228$109,964$102,561
5 years$101,557$96,707$92,105$87,738$83,593$76,475
6 years$83,782$78,969$74,435$70,165$66,144$59,321
7 years$71,090$66,318$61,856$57,686$53,793$47,266
8 years$61,576$56,847$52,458$48,392$44,627$38,394
9 years$54,180$49,495$45,182$41,219$37,582$31,642
10 years$48,267$43,628$39,391$35,531$32,022$26,369
11 years$43,432$38,839$34,679$30,923$27,540$22,168
12 years$39,405$34,860$30,777$27,123$23,865$18,769
13 years$36,001$31,503$27,497$23,946$20,811$15,983
14 years$33,086$28,636$24,706$21,256$18,243$13,674
15 years$30,561$26,159$22,306$18,957$16,062$11,746
16 years$28,354$24,000$20,224$16,974$14,196$10,122
17 years$26,409$22,104$18,403$15,251$12,587$8,748
18 years$24,682$20,425$16,800$13,744$11,192$7,578
19 years$23,139$18,929$15,379$12,419$9,976$6,577
20 years$21,752$17,590$14,114$11,248$8,910$5,719
21 years$20,498$16,384$12,982$10,208$7,974$4,980
22 years$19,360$15,294$11,965$9,282$7,147$4,342
23 years$18,322$14,304$11,048$8,453$6,416$3,790
24 years$17,373$13,402$10,217$7,709$5,767$3,311
25 years$16,500$12,577$9,463$7,041$5,189$2,896
26 years$15,696$11,821$8,777$6,438$4,674$2,534
27 years$14,953$11,125$8,150$5,893$4,214$2,219
28 years$14,264$10,483$7,577$5,399$3,803$1,944
29 years$13,624$9,889$7,051$4,951$3,434$1,704
30 years$13,028$9,339$6,567$4,544$3,103$1,494
31 years$12,471$8,829$6,123$4,173$2,805$1,311
32 years$11,950$8,354$5,712$3,835$2,537$1,150
33 years$11,461$7,911$5,334$3,527$2,296$1,009
34 years$11,003$7,498$4,984$3,245$2,079$886
35 years$10,571$7,112$4,659$2,987$1,883$778
36 years$10,165$6,750$4,359$2,751$1,706$684
37 years$9,781$6,411$4,080$2,535$1,546$600
38 years$9,418$6,093$3,820$2,336$1,402$528
39 years$9,075$5,794$3,579$2,154$1,271$464
40 years$8,750$5,512$3,355$1,987$1,153$407
41 years$8,441$5,247$3,146$1,833$1,046$358
42 years$8,148$4,997$2,951$1,692$949$315
43 years$7,869$4,761$2,769$1,562$861$277
44 years$7,604$4,538$2,599$1,442$782$243
45 years$7,351$4,328$2,441$1,332$710$214
46 years$7,110$4,129$2,292$1,230$645$188
47 years$6,880$3,940$2,153$1,137$585$165
48 years$6,660$3,761$2,024$1,050$532$145
49 years$6,450$3,592$1,902$971$483$128
50 years$6,249$3,431$1,788$897$438$112

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 $3,554 every year, while hoping to spend $47,593 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: 51/35/14 Blend
62$6,400,000$6,400,000$6,400,000$6,400,000
63$7,056,466$6,717,266$6,618,066$7,389,416
64$7,725,587$6,995,773$6,789,133$7,896,492
65$8,461,363$7,286,333$6,964,335$8,442,160
66$9,270,543$7,589,484$7,143,761$9,034,320
67$10,160,562$7,905,792$7,327,501$9,677,372
68$11,139,613$8,235,849$7,515,645$10,376,150
69$12,216,720$8,580,273$7,708,287$11,135,968
70$13,401,830$8,939,711$7,905,519$11,962,666
71$14,705,900$9,314,840$8,107,437$12,862,666
72$16,141,004$9,706,369$8,314,137$13,843,026
73$17,720,443$10,115,038$8,525,718$14,911,510
74$19,458,877$10,541,623$8,742,278$16,076,655
75$21,372,455$10,986,936$8,963,918$17,347,851
76$23,478,976$11,451,825$9,190,738$18,735,426
77$25,798,046$11,937,180$9,422,843$20,250,742
78$28,351,275$12,443,930$9,660,337$21,906,300
79$31,162,471$12,973,048$9,903,324$23,715,854
80$34,257,869$13,525,553$10,151,911$25,694,537
81$37,666,377$14,102,511$10,406,205$27,859,005
82$41,419,850$14,705,037$10,666,317$30,227,585
83$45,553,391$15,334,300$10,932,354$32,820,449
84$50,105,677$15,991,521$11,204,428$35,659,802
85$55,119,330$16,677,979$11,482,650$38,770,084
86$60,641,316$17,395,015$11,767,133$42,178,198
87$66,723,389$18,144,029$12,057,991$45,913,763
88$73,422,578$18,926,490$12,355,337$50,009,385
89$80,801,726$19,743,934$12,659,286$54,500,965
90$88,930,085$20,597,968$12,969,955$59,428,030
91$97,883,963$21,490,278$13,287,458$64,834,104
92$107,747,451$22,422,626$13,611,912$70,767,110
93$118,613,214$23,396,858$13,943,434$77,279,824
94$130,583,364$24,414,906$14,282,141$84,430,361
95$143,770,424$25,478,793$14,628,150$92,282,722
96$158,298,393$26,590,640$14,981,578$100,907,391
97$174,303,911$27,752,663$15,342,543$110,381,995
98$191,937,553$28,967,187$15,711,161$120,792,030
99$211,365,248$30,236,643$16,087,550$132,231,662
100$232,769,845$31,563,580$16,471,824$144,804,608