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%20%
1 years$545,022$540,167$535,431$530,807$526,293$505,213
2 years$269,813$264,788$259,918$255,196$250,616$229,642
3 years$178,088$173,042$168,184$163,506$159,001$138,795
4 years$132,235$127,204$122,395$117,797$113,401$94,116
5 years$104,731$99,729$94,983$90,480$86,206$67,890
6 years$86,400$81,437$76,761$72,357$68,211$50,878
7 years$73,312$68,390$63,789$59,489$55,474$39,116
8 years$63,500$58,623$54,098$49,904$46,021$30,621
9 years$55,873$51,042$46,594$42,507$38,757$24,290
10 years$49,775$44,991$40,622$36,641$33,022$19,462
11 years$44,789$40,053$35,763$31,889$28,400$15,714
12 years$40,637$35,949$31,739$27,971$24,611$12,764
13 years$37,126$32,488$28,356$24,694$21,461$10,417
14 years$34,119$29,530$25,478$21,921$18,813$8,535
15 years$31,516$26,977$23,004$19,549$16,564$7,013
16 years$29,240$24,750$20,856$17,504$14,640$5,778
17 years$27,235$22,794$18,978$15,728$12,981$4,769
18 years$25,454$21,063$17,325$14,174$11,542$3,943
19 years$23,862$19,521$15,860$12,807$10,287$3,265
20 years$22,431$18,140$14,555$11,599$9,189$2,706
21 years$21,139$16,896$13,388$10,527$8,223$2,245
22 years$19,965$15,772$12,339$9,572$7,371$1,864
23 years$18,895$14,751$11,393$8,717$6,616$1,549
24 years$17,915$13,821$10,537$7,950$5,947$1,287
25 years$17,016$12,970$9,759$7,261$5,351$1,070
26 years$16,187$12,190$9,051$6,639$4,820$890
27 years$15,420$11,472$8,405$6,077$4,346$741
28 years$14,710$10,810$7,813$5,568$3,921$617
29 years$14,050$10,198$7,271$5,106$3,541$513
30 years$13,435$9,631$6,773$4,686$3,199$427
31 years$12,861$9,105$6,314$4,303$2,893$356
32 years$12,323$8,615$5,891$3,955$2,617$296
33 years$11,820$8,158$5,500$3,637$2,368$247
34 years$11,347$7,732$5,139$3,346$2,144$206
35 years$10,902$7,334$4,805$3,080$1,942$171
36 years$10,482$6,961$4,495$2,837$1,759$143
37 years$10,087$6,611$4,207$2,614$1,595$119
38 years$9,713$6,283$3,940$2,409$1,446$99
39 years$9,359$5,975$3,691$2,221$1,311$83
40 years$9,023$5,684$3,460$2,049$1,189$69
41 years$8,705$5,411$3,244$1,890$1,079$57
42 years$8,403$5,153$3,043$1,745$979$48
43 years$8,115$4,910$2,856$1,611$888$40
44 years$7,842$4,680$2,680$1,487$806$33
45 years$7,581$4,463$2,517$1,373$732$28
46 years$7,332$4,258$2,364$1,269$665$23
47 years$7,095$4,063$2,221$1,172$604$19
48 years$6,868$3,879$2,087$1,083$548$16
49 years$6,651$3,704$1,962$1,001$498$13
50 years$6,444$3,538$1,844$925$452$11

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 $3,374 every year, while hoping to spend $36,089 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: 63/12/25 Blend
62$6,600,000$6,600,000$6,600,000$6,600,000
63$7,276,680$6,926,880$6,824,580$7,686,891
64$7,980,503$7,227,899$7,014,805$8,265,857
65$8,754,907$7,542,458$7,210,193$8,893,670
66$9,607,051$7,871,183$7,410,879$9,578,610
67$10,544,828$8,214,728$7,617,001$10,326,274
68$11,576,931$8,573,780$7,828,701$11,142,821
69$12,712,938$8,949,056$8,046,123$12,035,029
70$13,963,406$9,341,308$8,269,416$13,010,360
71$15,339,965$9,751,323$8,498,733$14,077,026
72$16,855,430$10,179,926$8,734,229$15,244,070
73$18,523,922$10,627,981$8,976,064$16,521,444
74$20,361,001$11,096,391$9,224,401$17,920,108
75$22,383,813$11,586,104$9,479,408$19,452,127
76$24,611,250$12,098,112$9,741,257$21,130,789
77$27,064,132$12,633,453$10,010,123$22,970,721
78$29,765,397$13,193,216$10,286,185$24,988,033
79$32,740,323$13,778,540$10,569,629$27,200,468
80$36,016,766$14,390,619$10,860,642$29,627,562
81$39,625,420$15,030,702$11,159,417$32,290,831
82$43,600,107$15,700,101$11,466,152$35,213,975
83$47,978,099$16,400,187$11,781,048$38,423,093
84$52,800,465$17,132,396$12,104,313$41,946,935
85$58,112,463$17,898,234$12,436,159$45,817,164
86$63,963,966$18,699,279$12,776,801$50,068,659
87$70,409,928$19,537,181$13,126,462$54,739,839
88$77,510,910$20,413,673$13,485,368$59,873,026
89$85,333,646$21,330,566$13,853,751$65,514,838
90$93,951,675$22,289,761$14,231,849$71,716,632
91$103,446,034$23,293,247$14,619,904$78,534,981
92$113,906,023$24,343,110$15,018,164$86,032,209
93$125,430,049$25,441,533$15,426,884$94,276,978
94$138,126,552$26,590,806$15,846,322$103,344,928
95$152,115,031$27,793,326$16,276,745$113,319,394
96$167,527,171$29,051,607$16,718,423$124,292,186
97$184,508,087$30,368,280$17,171,635$136,364,454
98$203,217,690$31,746,104$17,636,663$149,647,640
99$223,832,201$33,187,969$18,113,797$164,264,524
100$246,545,810$34,696,905$18,603,334$180,350,385