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

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$545,022$540,167$535,431$530,807$526,293$506,412
2 years$269,813$264,788$259,918$255,196$250,616$230,817
3 years$178,088$173,042$168,184$163,506$159,001$139,907
4 years$132,235$127,204$122,395$117,797$113,401$95,157
5 years$104,731$99,729$94,983$90,480$86,206$68,860
6 years$86,400$81,437$76,761$72,357$68,211$51,775
7 years$73,312$68,390$63,789$59,489$55,474$39,943
8 years$63,500$58,623$54,098$49,904$46,021$31,380
9 years$55,873$51,042$46,594$42,507$38,757$24,985
10 years$49,775$44,991$40,622$36,641$33,022$20,095
11 years$44,789$40,053$35,763$31,889$28,400$16,288
12 years$40,637$35,949$31,739$27,971$24,611$13,284
13 years$37,126$32,488$28,356$24,694$21,461$10,887
14 years$34,119$29,530$25,478$21,921$18,813$8,956
15 years$31,516$26,977$23,004$19,549$16,564$7,392
16 years$29,240$24,750$20,856$17,504$14,640$6,116
17 years$27,235$22,794$18,978$15,728$12,981$5,071
18 years$25,454$21,063$17,325$14,174$11,542$4,212
19 years$23,862$19,521$15,860$12,807$10,287$3,503
20 years$22,431$18,140$14,555$11,599$9,189$2,917
21 years$21,139$16,896$13,388$10,527$8,223$2,431
22 years$19,965$15,772$12,339$9,572$7,371$2,028
23 years$18,895$14,751$11,393$8,717$6,616$1,693
24 years$17,915$13,821$10,537$7,950$5,947$1,414
25 years$17,016$12,970$9,759$7,261$5,351$1,181
26 years$16,187$12,190$9,051$6,639$4,820$987
27 years$15,420$11,472$8,405$6,077$4,346$826
28 years$14,710$10,810$7,813$5,568$3,921$691
29 years$14,050$10,198$7,271$5,106$3,541$578
30 years$13,435$9,631$6,773$4,686$3,199$483
31 years$12,861$9,105$6,314$4,303$2,893$405
32 years$12,323$8,615$5,891$3,955$2,617$339
33 years$11,820$8,158$5,500$3,637$2,368$283
34 years$11,347$7,732$5,139$3,346$2,144$237
35 years$10,902$7,334$4,805$3,080$1,942$199
36 years$10,482$6,961$4,495$2,837$1,759$166
37 years$10,087$6,611$4,207$2,614$1,595$139
38 years$9,713$6,283$3,940$2,409$1,446$117
39 years$9,359$5,975$3,691$2,221$1,311$98
40 years$9,023$5,684$3,460$2,049$1,189$82
41 years$8,705$5,411$3,244$1,890$1,079$68
42 years$8,403$5,153$3,043$1,745$979$57
43 years$8,115$4,910$2,856$1,611$888$48
44 years$7,842$4,680$2,680$1,487$806$40
45 years$7,581$4,463$2,517$1,373$732$34
46 years$7,332$4,258$2,364$1,269$665$28
47 years$7,095$4,063$2,221$1,172$604$24
48 years$6,868$3,879$2,087$1,083$548$20
49 years$6,651$3,704$1,962$1,001$498$17
50 years$6,444$3,538$1,844$925$452$14

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 $2,455 every year, while hoping to spend $36,715 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: 60/33/7 Blend
62$6,600,000$6,600,000$6,600,000$6,600,000
63$7,275,732$6,925,932$6,823,632$7,701,718
64$7,978,793$7,226,239$7,013,160$8,287,566
65$8,752,334$7,540,029$7,207,805$8,921,836
66$9,603,508$7,867,926$7,407,703$9,612,703
67$10,540,192$8,210,581$7,612,987$10,365,611
68$11,571,068$8,568,676$7,823,798$11,186,547
69$12,705,700$8,942,924$8,040,278$12,082,091
70$13,954,627$9,334,073$8,262,573$13,059,482
71$15,329,463$9,742,906$8,490,833$14,126,681
72$16,843,003$10,170,243$8,725,211$15,292,443
73$18,509,347$10,616,943$8,965,863$16,566,399
74$20,344,031$11,083,904$9,212,951$17,959,146
75$22,364,175$11,572,068$9,466,638$19,482,340
76$24,588,644$12,082,422$9,727,092$21,148,808
77$27,038,222$12,615,998$9,994,487$22,972,664
78$29,735,816$13,173,877$10,268,997$24,969,440
79$32,706,665$13,757,192$10,550,804$27,156,231
80$35,978,581$14,367,131$10,840,093$29,551,849
81$39,582,211$15,004,936$11,137,051$32,177,003
82$43,551,327$15,671,908$11,441,872$35,054,486
83$47,923,142$16,369,411$11,754,755$38,209,392
84$52,738,664$17,098,874$12,075,901$41,669,343
85$58,043,082$17,861,792$12,405,517$45,464,752
86$63,886,189$18,659,733$12,743,815$49,629,100
87$70,322,859$19,494,338$13,091,011$54,199,254
88$77,413,558$20,367,329$13,447,328$59,215,805
89$85,224,918$21,280,505$13,812,990$64,723,451
90$93,830,365$22,235,755$14,188,231$70,771,411
91$103,310,812$23,235,056$14,573,285$77,413,887
92$113,755,421$24,280,480$14,968,397$84,710,568
93$125,262,447$25,374,197$15,373,812$92,727,189
94$137,940,166$26,518,482$15,789,784$101,536,148
95$151,907,892$27,715,716$16,216,570$111,217,180
96$167,297,107$28,968,397$16,654,436$121,858,104
97$184,252,703$30,279,139$17,103,650$133,555,646
98$202,934,345$31,650,683$17,564,489$146,416,348
99$223,517,982$33,085,901$18,037,233$160,557,560
100$246,197,507$34,587,801$18,522,171$176,108,548