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%19.8%
1 years$553,280$548,351$543,543$538,850$534,267$513,272
2 years$273,901$268,800$263,856$259,063$254,413$233,518
3 years$180,787$175,664$170,732$165,984$161,410$141,273
4 years$134,239$129,131$124,249$119,582$115,119$95,893
5 years$106,317$101,241$96,423$91,850$87,512$69,245
6 years$87,709$82,671$77,924$73,454$69,245$51,950
7 years$74,423$69,427$64,755$60,390$56,315$39,986
8 years$64,463$59,511$54,917$50,660$46,718$31,339
9 years$56,720$51,815$47,300$43,151$39,344$24,891
10 years$50,529$45,673$41,238$37,197$33,523$19,969
11 years$45,467$40,660$36,305$32,372$28,831$16,144
12 years$41,252$36,494$32,220$28,395$24,984$13,131
13 years$37,689$32,980$28,786$25,068$21,787$10,732
14 years$34,636$29,978$25,864$22,253$19,098$8,804
15 years$31,994$27,385$23,352$19,846$16,815$7,246
16 years$29,684$25,125$21,172$17,770$14,862$5,978
17 years$27,647$23,140$19,266$15,966$13,177$4,942
18 years$25,839$21,382$17,587$14,388$11,717$4,092
19 years$24,224$19,817$16,100$13,001$10,443$3,393
20 years$22,771$18,415$14,776$11,775$9,328$2,817
21 years$21,459$17,152$13,591$10,687$8,348$2,340
22 years$20,267$16,011$12,526$9,717$7,482$1,946
23 years$19,181$14,975$11,566$8,849$6,717$1,619
24 years$18,187$14,031$10,696$8,071$6,037$1,348
25 years$17,274$13,167$9,907$7,371$5,432$1,123
26 years$16,432$12,375$9,188$6,739$4,893$936
27 years$15,654$11,646$8,532$6,169$4,412$780
28 years$14,933$10,974$7,932$5,652$3,981$650
29 years$14,263$10,353$7,381$5,183$3,595$542
30 years$13,638$9,777$6,875$4,757$3,248$452
31 years$13,055$9,243$6,410$4,369$2,936$377
32 years$12,510$8,745$5,980$4,015$2,656$315
33 years$11,999$8,282$5,584$3,692$2,404$262
34 years$11,519$7,850$5,217$3,397$2,176$219
35 years$11,067$7,445$4,878$3,127$1,971$183
36 years$10,641$7,067$4,563$2,880$1,786$152
37 years$10,239$6,712$4,271$2,654$1,619$127
38 years$9,860$6,378$3,999$2,446$1,468$106
39 years$9,500$6,065$3,747$2,255$1,331$89
40 years$9,160$5,771$3,512$2,080$1,207$74
41 years$8,837$5,493$3,293$1,919$1,095$62
42 years$8,530$5,231$3,089$1,771$994$52
43 years$8,238$4,984$2,899$1,635$902$43
44 years$7,961$4,751$2,721$1,510$819$36
45 years$7,696$4,531$2,555$1,394$743$30
46 years$7,444$4,322$2,400$1,288$675$25
47 years$7,203$4,125$2,254$1,190$613$21
48 years$6,972$3,938$2,119$1,099$556$17
49 years$6,752$3,760$1,991$1,016$505$15
50 years$6,542$3,592$1,872$939$459$12

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 $4,236 every year, while hoping to spend $54,508 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: 68/27/5 Blend
62$6,700,000$6,700,000$6,700,000$6,700,000
63$7,387,769$7,032,669$6,928,819$7,885,640
64$8,083,326$7,319,274$7,102,939$8,502,290
65$8,848,002$7,618,096$7,281,064$9,169,302
66$9,688,791$7,929,675$7,463,273$9,897,179
67$10,613,396$8,254,578$7,649,641$10,691,858
68$11,630,307$8,593,396$7,840,248$11,559,871
69$12,748,874$8,946,748$8,035,172$12,508,408
70$13,979,401$9,315,281$8,234,492$13,545,375
71$15,333,242$9,699,672$8,438,290$14,679,477
72$16,822,904$10,100,627$8,646,644$15,920,291
73$18,462,171$10,518,889$8,859,638$17,278,360
74$20,266,228$10,955,230$9,077,351$18,765,287
75$22,251,808$11,410,461$9,299,867$20,393,844
76$24,437,347$11,885,428$9,527,267$22,178,092
77$26,843,161$12,381,018$9,759,635$24,133,510
78$29,491,633$12,898,158$9,997,052$26,277,138
79$32,407,430$13,437,818$10,239,604$28,627,738
80$35,617,729$14,001,012$10,487,371$31,205,970
81$39,152,477$14,588,802$10,740,438$34,034,579
82$43,044,675$15,202,298$10,998,888$37,138,613
83$47,330,684$15,842,663$11,262,803$40,545,654
84$52,050,573$16,511,113$11,532,266$44,286,077
85$57,248,494$17,208,919$11,807,359$48,393,332
86$62,973,098$17,937,414$12,088,164$52,904,259
87$69,277,998$18,697,992$12,374,761$57,859,432
88$76,222,269$19,492,109$12,667,232$63,303,536
89$83,871,011$20,321,292$12,965,654$69,285,792
90$92,295,957$21,187,138$13,270,106$75,860,410
91$101,576,156$22,091,319$13,580,666$83,087,104
92$111,798,715$23,035,585$13,897,409$91,031,648
93$123,059,621$24,021,766$14,220,409$99,766,495
94$135,464,648$25,051,779$14,549,740$109,371,453
95$149,130,357$26,127,630$14,885,470$119,934,441
96$164,185,189$27,251,420$15,227,669$131,552,307
97$180,770,686$28,425,347$15,576,404$144,331,742
98$199,042,819$29,651,713$15,931,737$158,390,282
99$219,173,467$30,932,926$16,293,730$173,857,410
100$241,352,031$32,271,510$16,662,440$190,875,775