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%14.9%
1 years$545,022$540,167$535,431$530,807$526,293$515,667
2 years$269,813$264,788$259,918$255,196$250,616$239,957
3 years$178,088$173,042$168,184$163,506$159,001$148,641
4 years$132,235$127,204$122,395$117,797$113,401$103,421
5 years$104,731$99,729$94,983$90,480$86,206$76,633
6 years$86,400$81,437$76,761$72,357$68,211$59,057
7 years$73,312$68,390$63,789$59,489$55,474$46,740
8 years$63,500$58,623$54,098$49,904$46,021$37,704
9 years$55,873$51,042$46,594$42,507$38,757$30,852
10 years$49,775$44,991$40,622$36,641$33,022$25,522
11 years$44,789$40,053$35,763$31,889$28,400$21,295
12 years$40,637$35,949$31,739$27,971$24,611$17,891
13 years$37,126$32,488$28,356$24,694$21,461$15,114
14 years$34,119$29,530$25,478$21,921$18,813$12,827
15 years$31,516$26,977$23,004$19,549$16,564$10,927
16 years$29,240$24,750$20,856$17,504$14,640$9,338
17 years$27,235$22,794$18,978$15,728$12,981$8,001
18 years$25,454$21,063$17,325$14,174$11,542$6,871
19 years$23,862$19,521$15,860$12,807$10,287$5,911
20 years$22,431$18,140$14,555$11,599$9,189$5,094
21 years$21,139$16,896$13,388$10,527$8,223$4,395
22 years$19,965$15,772$12,339$9,572$7,371$3,797
23 years$18,895$14,751$11,393$8,717$6,616$3,284
24 years$17,915$13,821$10,537$7,950$5,947$2,842
25 years$17,016$12,970$9,759$7,261$5,351$2,462
26 years$16,187$12,190$9,051$6,639$4,820$2,134
27 years$15,420$11,472$8,405$6,077$4,346$1,850
28 years$14,710$10,810$7,813$5,568$3,921$1,605
29 years$14,050$10,198$7,271$5,106$3,541$1,393
30 years$13,435$9,631$6,773$4,686$3,199$1,210
31 years$12,861$9,105$6,314$4,303$2,893$1,051
32 years$12,323$8,615$5,891$3,955$2,617$913
33 years$11,820$8,158$5,500$3,637$2,368$793
34 years$11,347$7,732$5,139$3,346$2,144$690
35 years$10,902$7,334$4,805$3,080$1,942$599
36 years$10,482$6,961$4,495$2,837$1,759$521
37 years$10,087$6,611$4,207$2,614$1,595$453
38 years$9,713$6,283$3,940$2,409$1,446$394
39 years$9,359$5,975$3,691$2,221$1,311$343
40 years$9,023$5,684$3,460$2,049$1,189$298
41 years$8,705$5,411$3,244$1,890$1,079$259
42 years$8,403$5,153$3,043$1,745$979$226
43 years$8,115$4,910$2,856$1,611$888$196
44 years$7,842$4,680$2,680$1,487$806$171
45 years$7,581$4,463$2,517$1,373$732$149
46 years$7,332$4,258$2,364$1,269$665$129
47 years$7,095$4,063$2,221$1,172$604$112
48 years$6,868$3,879$2,087$1,083$548$98
49 years$6,651$3,704$1,962$1,001$498$85
50 years$6,444$3,538$1,844$925$452$74

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 $3,068 every year, while hoping to spend $59,214 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: 82/7/11 Blend
62$6,600,000$6,600,000$6,600,000$6,600,000
63$7,276,365$6,926,565$6,824,265$7,859,361
64$7,955,551$7,202,963$6,989,874$8,518,229
65$8,702,029$7,490,920$7,159,047$9,233,334
66$9,522,601$7,790,941$7,331,840$10,016,696
67$10,424,760$8,103,550$7,508,310$10,875,131
68$11,416,760$8,429,299$7,688,514$11,816,147
69$12,507,699$8,768,764$7,872,508$12,848,010
70$13,707,595$9,122,544$8,060,348$13,979,828
71$15,027,490$9,491,269$8,252,090$15,221,628
72$16,479,549$9,875,596$8,447,790$16,584,460
73$18,077,174$10,276,212$8,647,502$18,080,490
74$19,835,134$10,693,834$8,851,282$19,723,124
75$21,769,699$11,129,213$9,059,181$21,527,125
76$23,898,798$11,583,135$9,271,254$23,508,758
77$26,242,186$12,056,419$9,487,551$25,685,942
78$28,821,630$12,549,924$9,708,125$28,078,414
79$31,661,113$13,064,547$9,933,024$30,707,918
80$34,787,063$13,601,227$10,162,296$33,598,412
81$38,228,600$14,160,944$10,395,990$36,776,286
82$42,017,812$14,744,724$10,634,150$40,270,617
83$46,190,055$15,353,642$10,876,821$44,113,438
84$50,784,289$15,988,819$11,124,043$48,340,043
85$55,843,445$16,651,430$11,375,857$52,989,317
86$61,414,829$17,342,701$11,632,300$58,104,101
87$67,550,566$18,063,919$11,893,407$63,731,598
88$74,308,100$18,816,427$12,159,211$69,923,818
89$81,750,723$19,601,629$12,429,743$76,738,062
90$89,948,185$20,420,997$12,705,027$84,237,470
91$98,977,344$21,276,069$12,985,089$92,491,608
92$108,922,891$22,168,455$13,269,948$101,577,131
93$119,878,155$23,099,838$13,559,620$111,578,498
94$131,945,977$24,071,981$13,854,118$122,588,772
95$145,239,685$25,086,726$14,153,449$134,710,497
96$159,884,160$26,146,003$14,457,617$148,056,664
97$176,017,018$27,251,831$14,766,621$162,751,775
98$193,789,905$28,406,321$15,080,453$178,933,020
99$213,369,929$29,611,685$15,399,102$196,751,566
100$234,941,240$30,870,235$15,722,550$216,373,984