Can I retire at age 63 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$553,280$548,351$543,543$538,850$534,267$521,352
2 years$273,901$268,800$263,856$259,063$254,413$241,478
3 years$180,787$175,664$170,732$165,984$161,410$148,861
4 years$134,239$129,131$124,249$119,582$115,119$103,051
5 years$106,317$101,241$96,423$91,850$87,512$75,960
6 years$87,709$82,671$77,924$73,454$69,245$58,220
7 years$74,423$69,427$64,755$60,390$56,315$45,818
8 years$64,463$59,511$54,917$50,660$46,718$36,746
9 years$56,720$51,815$47,300$43,151$39,344$29,888
10 years$50,529$45,673$41,238$37,197$33,523$24,572
11 years$45,467$40,660$36,305$32,372$28,831$20,373
12 years$41,252$36,494$32,220$28,395$24,984$17,004
13 years$37,689$32,980$28,786$25,068$21,787$14,270
14 years$34,636$29,978$25,864$22,253$19,098$12,028
15 years$31,994$27,385$23,352$19,846$16,815$10,176
16 years$29,684$25,125$21,172$17,770$14,862$8,634
17 years$27,647$23,140$19,266$15,966$13,177$7,345
18 years$25,839$21,382$17,587$14,388$11,717$6,261
19 years$24,224$19,817$16,100$13,001$10,443$5,347
20 years$22,771$18,415$14,776$11,775$9,328$4,573
21 years$21,459$17,152$13,591$10,687$8,348$3,916
22 years$20,267$16,011$12,526$9,717$7,482$3,357
23 years$19,181$14,975$11,566$8,849$6,717$2,880
24 years$18,187$14,031$10,696$8,071$6,037$2,473
25 years$17,274$13,167$9,907$7,371$5,432$2,125
26 years$16,432$12,375$9,188$6,739$4,893$1,827
27 years$15,654$11,646$8,532$6,169$4,412$1,572
28 years$14,933$10,974$7,932$5,652$3,981$1,353
29 years$14,263$10,353$7,381$5,183$3,595$1,165
30 years$13,638$9,777$6,875$4,757$3,248$1,003
31 years$13,055$9,243$6,410$4,369$2,936$864
32 years$12,510$8,745$5,980$4,015$2,656$744
33 years$11,999$8,282$5,584$3,692$2,404$641
34 years$11,519$7,850$5,217$3,397$2,176$553
35 years$11,067$7,445$4,878$3,127$1,971$477
36 years$10,641$7,067$4,563$2,880$1,786$411
37 years$10,239$6,712$4,271$2,654$1,619$354
38 years$9,860$6,378$3,999$2,446$1,468$305
39 years$9,500$6,065$3,747$2,255$1,331$263
40 years$9,160$5,771$3,512$2,080$1,207$227
41 years$8,837$5,493$3,293$1,919$1,095$196
42 years$8,530$5,231$3,089$1,771$994$169
43 years$8,238$4,984$2,899$1,635$902$146
44 years$7,961$4,751$2,721$1,510$819$126
45 years$7,696$4,531$2,555$1,394$743$108
46 years$7,444$4,322$2,400$1,288$675$94
47 years$7,203$4,125$2,254$1,190$613$81
48 years$6,972$3,938$2,119$1,099$556$70
49 years$6,752$3,760$1,991$1,016$505$60
50 years$6,542$3,592$1,872$939$459$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,700,000, adding $2,185 every year, while hoping to spend $50,324 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: 68/8/24 Blend
62$6,700,000$6,700,000$6,700,000$6,700,000
63$7,385,654$7,030,554$6,926,704$7,842,434
64$8,085,446$7,321,507$7,105,204$8,440,060
65$8,854,931$7,625,029$7,287,997$9,087,630
66$9,701,163$7,941,685$7,475,175$9,794,905
67$10,631,916$8,272,062$7,666,828$10,567,783
68$11,655,755$8,616,777$7,863,050$11,412,757
69$12,782,116$8,976,473$8,063,936$12,336,976
70$14,021,397$9,351,825$8,269,583$13,348,311
71$15,385,052$9,743,537$8,480,086$14,455,431
72$16,885,705$10,152,348$8,695,547$15,667,881
73$18,537,262$10,579,029$8,916,063$16,996,172
74$20,355,049$11,024,387$9,141,737$18,451,880
75$22,355,950$11,489,268$9,372,672$20,047,756
76$24,558,571$11,974,556$9,608,970$21,797,842
77$26,983,412$12,481,176$9,850,737$23,717,603
78$29,653,062$13,010,096$10,098,079$25,824,075
79$32,592,413$13,562,329$10,351,103$28,136,022
80$35,828,892$14,138,936$10,609,918$30,674,114
81$39,392,722$14,741,027$10,874,633$33,461,118
82$43,317,204$15,369,762$11,145,358$36,522,115
83$47,639,037$16,026,358$11,422,205$39,884,733
84$52,398,655$16,712,086$11,705,286$43,579,410
85$57,640,619$17,428,279$11,994,714$47,639,676
86$63,414,028$18,176,331$12,290,603$52,102,469
87$69,772,987$18,957,700$12,593,066$57,008,486
88$76,777,119$19,773,914$12,902,221$62,402,561
89$84,492,121$20,626,572$13,218,181$68,334,090
90$92,990,391$21,517,347$13,541,064$74,857,493
91$102,351,707$22,447,994$13,870,986$82,032,730
92$112,663,981$23,420,345$14,208,064$89,925,861
93$124,024,087$24,436,322$14,552,414$98,609,670
94$136,538,778$25,497,936$14,904,154$108,164,353
95$150,325,691$26,607,292$15,263,401$118,678,266
96$165,514,458$27,766,596$15,630,271$130,248,766
97$182,247,928$28,978,155$16,004,881$142,983,122
98$200,683,519$30,244,387$16,387,347$156,999,527
99$220,994,699$31,567,823$16,777,784$172,428,213
100$243,372,625$32,951,113$17,176,306$189,412,677