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

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$553,280$548,351$543,543$538,850$534,267$514,493
2 years$273,901$268,800$263,856$259,063$254,413$234,714
3 years$180,787$175,664$170,732$165,984$161,410$142,406
4 years$134,239$129,131$124,249$119,582$115,119$96,955
5 years$106,317$101,241$96,423$91,850$87,512$70,234
6 years$87,709$82,671$77,924$73,454$69,245$52,867
7 years$74,423$69,427$64,755$60,390$56,315$40,832
8 years$64,463$59,511$54,917$50,660$46,718$32,116
9 years$56,720$51,815$47,300$43,151$39,344$25,602
10 years$50,529$45,673$41,238$37,197$33,523$20,618
11 years$45,467$40,660$36,305$32,372$28,831$16,734
12 years$41,252$36,494$32,220$28,395$24,984$13,666
13 years$37,689$32,980$28,786$25,068$21,787$11,215
14 years$34,636$29,978$25,864$22,253$19,098$9,239
15 years$31,994$27,385$23,352$19,846$16,815$7,636
16 years$29,684$25,125$21,172$17,770$14,862$6,327
17 years$27,647$23,140$19,266$15,966$13,177$5,254
18 years$25,839$21,382$17,587$14,388$11,717$4,370
19 years$24,224$19,817$16,100$13,001$10,443$3,640
20 years$22,771$18,415$14,776$11,775$9,328$3,036
21 years$21,459$17,152$13,591$10,687$8,348$2,534
22 years$20,267$16,011$12,526$9,717$7,482$2,117
23 years$19,181$14,975$11,566$8,849$6,717$1,770
24 years$18,187$14,031$10,696$8,071$6,037$1,481
25 years$17,274$13,167$9,907$7,371$5,432$1,239
26 years$16,432$12,375$9,188$6,739$4,893$1,038
27 years$15,654$11,646$8,532$6,169$4,412$869
28 years$14,933$10,974$7,932$5,652$3,981$728
29 years$14,263$10,353$7,381$5,183$3,595$610
30 years$13,638$9,777$6,875$4,757$3,248$511
31 years$13,055$9,243$6,410$4,369$2,936$429
32 years$12,510$8,745$5,980$4,015$2,656$359
33 years$11,999$8,282$5,584$3,692$2,404$301
34 years$11,519$7,850$5,217$3,397$2,176$253
35 years$11,067$7,445$4,878$3,127$1,971$212
36 years$10,641$7,067$4,563$2,880$1,786$178
37 years$10,239$6,712$4,271$2,654$1,619$149
38 years$9,860$6,378$3,999$2,446$1,468$125
39 years$9,500$6,065$3,747$2,255$1,331$105
40 years$9,160$5,771$3,512$2,080$1,207$88
41 years$8,837$5,493$3,293$1,919$1,095$74
42 years$8,530$5,231$3,089$1,771$994$62
43 years$8,238$4,984$2,899$1,635$902$52
44 years$7,961$4,751$2,721$1,510$819$44
45 years$7,696$4,531$2,555$1,394$743$37
46 years$7,444$4,322$2,400$1,288$675$31
47 years$7,203$4,125$2,254$1,190$613$26
48 years$6,972$3,938$2,119$1,099$556$22
49 years$6,752$3,760$1,991$1,016$505$18
50 years$6,542$3,592$1,872$939$459$15

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 $4,885 every year, while hoping to spend $42,969 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: 52/27/21 Blend
62$6,700,000$6,700,000$6,700,000$6,700,000
63$7,388,439$7,033,339$6,929,489$7,729,496
64$8,096,341$7,332,254$7,115,908$8,263,994
65$8,875,009$7,644,375$7,307,132$8,840,212
66$9,731,616$7,970,305$7,503,277$9,466,074
67$10,674,064$8,310,674$7,704,460$10,146,313
68$11,711,061$8,666,140$7,910,802$10,886,132
69$12,852,202$9,037,393$8,122,426$11,691,251
70$14,108,057$9,425,156$8,339,459$12,567,959
71$15,490,275$9,830,185$8,562,026$13,523,174
72$17,011,690$10,253,271$8,790,261$14,564,502
73$18,686,443$10,695,242$9,024,296$15,700,311
74$20,530,118$11,156,966$9,264,267$16,939,806
75$22,559,883$11,639,351$9,510,313$18,293,113
76$24,794,659$12,143,347$9,762,577$19,771,375
77$27,255,292$12,669,949$10,021,201$21,386,849
78$29,964,755$13,220,200$10,286,335$23,153,029
79$32,948,360$13,795,189$10,558,127$25,084,759
80$36,233,999$14,396,060$10,836,731$27,198,382
81$39,852,409$15,024,008$11,122,302$29,511,881
82$43,837,456$15,680,286$11,415,001$32,045,055
83$48,226,460$16,366,204$11,714,988$34,819,695
84$53,060,548$17,083,137$12,022,428$37,859,793
85$58,385,034$17,832,521$12,337,490$41,191,760
86$64,249,856$18,615,863$12,660,344$44,844,677
87$70,710,040$19,434,739$12,991,165$48,850,559
88$77,826,224$20,290,801$13,330,129$53,244,663
89$85,665,228$21,185,779$13,677,417$58,065,806
90$94,300,683$22,121,484$14,033,212$63,356,735
91$103,813,728$23,099,812$14,397,700$69,164,526
92$114,293,777$24,122,752$14,771,072$75,541,019
93$125,839,359$25,192,384$15,153,520$82,543,308
94$138,559,050$26,310,887$15,545,239$90,234,270
95$152,572,499$27,480,546$15,946,430$98,683,158
96$168,011,552$28,703,751$16,357,294$107,966,250
97$185,021,504$29,983,008$16,778,036$118,167,557
98$203,762,463$31,320,941$17,208,866$129,379,618
99$224,410,866$32,720,299$17,649,995$141,704,363
100$247,161,142$34,183,961$18,101,637$155,254,069