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%14.2%
1 years$528,506$523,798$519,205$514,722$510,345$501,478
2 years$261,637$256,764$252,041$247,463$243,021$234,117
3 years$172,692$167,798$163,088$158,552$154,183$145,518
4 years$128,228$123,349$118,686$114,228$109,964$101,606
5 years$101,557$96,707$92,105$87,738$83,593$75,565
6 years$83,782$78,969$74,435$70,165$66,144$58,456
7 years$71,090$66,318$61,856$57,686$53,793$46,446
8 years$61,576$56,847$52,458$48,392$44,627$37,620
9 years$54,180$49,495$45,182$41,219$37,582$30,912
10 years$48,267$43,628$39,391$35,531$32,022$25,682
11 years$43,432$38,839$34,679$30,923$27,540$21,523
12 years$39,405$34,860$30,777$27,123$23,865$18,164
13 years$36,001$31,503$27,497$23,946$20,811$15,417
14 years$33,086$28,636$24,706$21,256$18,243$13,146
15 years$30,561$26,159$22,306$18,957$16,062$11,253
16 years$28,354$24,000$20,224$16,974$14,196$9,664
17 years$26,409$22,104$18,403$15,251$12,587$8,322
18 years$24,682$20,425$16,800$13,744$11,192$7,183
19 years$23,139$18,929$15,379$12,419$9,976$6,212
20 years$21,752$17,590$14,114$11,248$8,910$5,381
21 years$20,498$16,384$12,982$10,208$7,974$4,668
22 years$19,360$15,294$11,965$9,282$7,147$4,054
23 years$18,322$14,304$11,048$8,453$6,416$3,525
24 years$17,373$13,402$10,217$7,709$5,767$3,068
25 years$16,500$12,577$9,463$7,041$5,189$2,672
26 years$15,696$11,821$8,777$6,438$4,674$2,329
27 years$14,953$11,125$8,150$5,893$4,214$2,031
28 years$14,264$10,483$7,577$5,399$3,803$1,772
29 years$13,624$9,889$7,051$4,951$3,434$1,547
30 years$13,028$9,339$6,567$4,544$3,103$1,351
31 years$12,471$8,829$6,123$4,173$2,805$1,180
32 years$11,950$8,354$5,712$3,835$2,537$1,032
33 years$11,461$7,911$5,334$3,527$2,296$902
34 years$11,003$7,498$4,984$3,245$2,079$788
35 years$10,571$7,112$4,659$2,987$1,883$689
36 years$10,165$6,750$4,359$2,751$1,706$603
37 years$9,781$6,411$4,080$2,535$1,546$527
38 years$9,418$6,093$3,820$2,336$1,402$461
39 years$9,075$5,794$3,579$2,154$1,271$404
40 years$8,750$5,512$3,355$1,987$1,153$353
41 years$8,441$5,247$3,146$1,833$1,046$309
42 years$8,148$4,997$2,951$1,692$949$271
43 years$7,869$4,761$2,769$1,562$861$237
44 years$7,604$4,538$2,599$1,442$782$207
45 years$7,351$4,328$2,441$1,332$710$181
46 years$7,110$4,129$2,292$1,230$645$159
47 years$6,880$3,940$2,153$1,137$585$139
48 years$6,660$3,761$2,024$1,050$532$122
49 years$6,450$3,592$1,902$971$483$107
50 years$6,249$3,431$1,788$897$438$93

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 $5,004 every year, while hoping to spend $49,109 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: 63/9/28 Blend
62$6,400,000$6,400,000$6,400,000$6,400,000
63$7,057,962$6,718,762$6,619,562$7,449,545
64$7,725,622$6,995,729$6,789,065$7,992,755
65$8,459,738$7,284,623$6,962,602$8,580,043
66$9,267,036$7,585,974$7,140,253$9,220,510
67$10,154,927$7,900,340$7,322,105$9,919,378
68$11,131,577$8,228,304$7,508,243$10,682,395
69$12,205,981$8,570,474$7,698,753$11,515,890
70$13,388,053$8,927,489$7,893,723$12,426,832
71$14,688,714$9,300,015$8,093,242$13,422,890
72$16,119,997$9,688,750$8,297,399$14,512,512
73$17,695,161$10,094,424$8,506,287$15,704,998
74$19,428,816$10,517,799$8,719,996$17,010,589
75$21,337,060$10,959,676$8,938,621$18,440,565
76$23,437,629$11,420,889$9,162,254$20,007,345
77$25,750,069$11,902,314$9,390,991$21,724,609
78$28,295,914$12,404,866$9,624,927$23,607,422
79$31,098,894$12,929,501$9,864,159$25,672,377
80$34,185,158$13,477,223$10,108,785$27,937,751
81$37,583,517$14,049,080$10,358,902$30,423,675
82$41,325,720$14,646,169$10,614,609$33,152,322
83$45,446,751$15,269,639$10,876,006$36,148,118
84$49,985,160$15,920,692$11,143,193$39,437,971
85$54,983,427$16,600,586$11,416,271$43,051,518
86$60,488,360$17,310,638$11,695,339$47,021,412
87$66,551,540$18,052,227$11,980,500$51,383,622
88$73,229,805$18,826,794$12,271,854$56,177,776
89$80,585,788$19,635,850$12,569,505$61,447,528
90$88,688,508$20,480,976$12,873,553$67,240,975
91$97,614,018$21,363,826$13,184,099$73,611,104
92$107,446,128$22,286,134$13,501,247$80,616,293
93$118,277,192$23,249,713$13,825,097$88,320,860
94$130,208,977$24,256,461$14,155,750$96,795,668
95$143,353,631$25,308,366$14,493,306$106,118,794
96$157,834,736$26,407,510$14,837,865$116,376,260
97$173,788,472$27,556,071$15,189,527$127,662,848
98$191,364,909$28,756,332$15,548,389$140,082,986
99$210,729,418$30,010,680$15,914,549$153,751,742
100$232,064,234$31,321,619$16,288,101$168,795,896