Can I retire at age 63 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$545,022$540,167$535,431$530,807$526,293$506,814
2 years$269,813$264,788$259,918$255,196$250,616$231,211
3 years$178,088$173,042$168,184$163,506$159,001$140,280
4 years$132,235$127,204$122,395$117,797$113,401$95,508
5 years$104,731$99,729$94,983$90,480$86,206$69,186
6 years$86,400$81,437$76,761$72,357$68,211$52,078
7 years$73,312$68,390$63,789$59,489$55,474$40,222
8 years$63,500$58,623$54,098$49,904$46,021$31,637
9 years$55,873$51,042$46,594$42,507$38,757$25,220
10 years$49,775$44,991$40,622$36,641$33,022$20,310
11 years$44,789$40,053$35,763$31,889$28,400$16,485
12 years$40,637$35,949$31,739$27,971$24,611$13,462
13 years$37,126$32,488$28,356$24,694$21,461$11,047
14 years$34,119$29,530$25,478$21,921$18,813$9,102
15 years$31,516$26,977$23,004$19,549$16,564$7,522
16 years$29,240$24,750$20,856$17,504$14,640$6,233
17 years$27,235$22,794$18,978$15,728$12,981$5,176
18 years$25,454$21,063$17,325$14,174$11,542$4,305
19 years$23,862$19,521$15,860$12,807$10,287$3,586
20 years$22,431$18,140$14,555$11,599$9,189$2,991
21 years$21,139$16,896$13,388$10,527$8,223$2,497
22 years$19,965$15,772$12,339$9,572$7,371$2,086
23 years$18,895$14,751$11,393$8,717$6,616$1,744
24 years$17,915$13,821$10,537$7,950$5,947$1,459
25 years$17,016$12,970$9,759$7,261$5,351$1,221
26 years$16,187$12,190$9,051$6,639$4,820$1,022
27 years$15,420$11,472$8,405$6,077$4,346$856
28 years$14,710$10,810$7,813$5,568$3,921$717
29 years$14,050$10,198$7,271$5,106$3,541$601
30 years$13,435$9,631$6,773$4,686$3,199$504
31 years$12,861$9,105$6,314$4,303$2,893$422
32 years$12,323$8,615$5,891$3,955$2,617$354
33 years$11,820$8,158$5,500$3,637$2,368$297
34 years$11,347$7,732$5,139$3,346$2,144$249
35 years$10,902$7,334$4,805$3,080$1,942$209
36 years$10,482$6,961$4,495$2,837$1,759$175
37 years$10,087$6,611$4,207$2,614$1,595$147
38 years$9,713$6,283$3,940$2,409$1,446$123
39 years$9,359$5,975$3,691$2,221$1,311$103
40 years$9,023$5,684$3,460$2,049$1,189$87
41 years$8,705$5,411$3,244$1,890$1,079$73
42 years$8,403$5,153$3,043$1,745$979$61
43 years$8,115$4,910$2,856$1,611$888$51
44 years$7,842$4,680$2,680$1,487$806$43
45 years$7,581$4,463$2,517$1,373$732$36
46 years$7,332$4,258$2,364$1,269$665$30
47 years$7,095$4,063$2,221$1,172$604$25
48 years$6,868$3,879$2,087$1,083$548$21
49 years$6,651$3,704$1,962$1,001$498$18
50 years$6,444$3,538$1,844$925$452$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,600,000, adding $3,202 every year, while hoping to spend $47,527 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: 86/8/6 Blend
62$6,600,000$6,600,000$6,600,000$6,600,000
63$7,276,503$6,926,703$6,824,403$7,900,248
64$7,968,138$7,215,543$7,002,452$8,596,050
65$8,728,727$7,516,943$7,184,873$9,353,630
66$9,565,252$7,831,469$7,371,762$10,184,560
67$10,485,409$8,159,712$7,563,217$11,096,187
68$11,497,673$8,502,290$7,759,337$12,096,605
69$12,611,385$8,859,852$7,960,224$13,194,724
70$13,836,836$9,233,074$8,165,981$14,400,362
71$15,185,363$9,622,665$8,376,712$15,724,331
72$16,669,462$10,029,367$8,592,523$17,178,539
73$18,302,897$10,453,956$8,813,522$18,776,104
74$20,100,837$10,897,244$9,039,819$20,531,478
75$22,079,994$11,360,081$9,271,525$22,460,578
76$24,258,785$11,843,356$9,508,753$24,580,939
77$26,657,501$12,348,001$9,751,617$26,911,876
78$29,298,503$12,874,990$10,000,232$29,474,671
79$32,206,428$13,425,342$10,254,718$32,292,766
80$35,408,424$14,000,125$10,515,192$35,391,988
81$38,934,408$14,600,455$10,781,775$38,800,789
82$42,817,344$15,227,503$11,054,591$42,550,516
83$47,093,555$15,882,493$11,333,761$46,675,706
84$51,803,068$16,566,706$11,619,413$51,214,407
85$56,989,990$17,281,483$11,911,672$56,208,541
86$62,702,922$18,028,230$12,210,667$61,704,295
87$68,995,422$18,808,415$12,516,526$67,752,558
88$75,926,507$19,623,578$12,829,381$74,409,398
89$83,561,208$20,475,332$13,149,363$81,736,593
90$91,971,191$21,365,363$13,476,606$89,802,210
91$101,235,424$22,295,437$13,811,244$98,681,246
92$111,440,929$23,267,405$14,153,413$108,456,337
93$122,683,600$24,283,203$14,503,247$119,218,535
94$135,069,107$25,344,860$14,860,886$131,068,166
95$148,713,897$26,454,500$15,226,467$144,115,775
96$163,746,289$27,614,345$15,600,129$158,483,169
97$180,307,688$28,826,725$15,982,010$174,304,564
98$198,553,917$30,094,080$16,372,252$191,727,850
99$218,656,689$31,418,962$16,770,995$210,915,988
100$240,805,227$32,804,047$17,178,380$232,048,540