Can I retire at age 63 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$561,538$556,536$551,656$546,893$542,242$535,466
2 years$277,989$272,812$267,794$262,929$258,210$251,392
3 years$183,485$178,285$173,280$168,461$163,819$157,171
4 years$136,242$131,059$126,104$121,367$116,837$110,410
5 years$107,904$102,752$97,862$93,221$88,818$82,630
6 years$89,018$83,904$79,087$74,550$70,279$64,338
7 years$75,534$70,463$65,722$61,292$57,155$51,464
8 years$65,425$60,400$55,737$51,416$47,416$41,973
9 years$57,566$52,589$48,006$43,795$39,931$34,735
10 years$51,283$46,354$41,853$37,752$34,023$29,070
11 years$46,146$41,267$36,847$32,855$29,261$24,547
12 years$41,868$37,039$32,701$28,819$25,357$20,876
13 years$38,251$33,472$29,216$25,442$22,112$17,858
14 years$35,153$30,425$26,250$22,585$19,383$15,350
15 years$32,471$27,794$23,701$20,142$17,066$13,248
16 years$30,127$25,500$21,488$18,035$15,083$11,473
17 years$28,060$23,485$19,553$16,204$13,374$9,964
18 years$26,225$21,701$17,850$14,603$11,891$8,675
19 years$24,585$20,112$16,341$13,195$10,599$7,568
20 years$23,111$18,689$14,997$11,951$9,467$6,615
21 years$21,779$17,408$13,794$10,846$8,472$5,791
22 years$20,570$16,250$12,713$9,862$7,594$5,076
23 years$19,467$15,198$11,738$8,981$6,817$4,455
24 years$18,458$14,240$10,856$8,191$6,127$3,913
25 years$17,531$13,364$10,055$7,481$5,514$3,441
26 years$16,677$12,560$9,325$6,840$4,966$3,028
27 years$15,888$11,820$8,659$6,261$4,478$2,666
28 years$15,156$11,138$8,050$5,736$4,040$2,349
29 years$14,476$10,507$7,491$5,260$3,648$2,071
30 years$13,842$9,923$6,978$4,828$3,296$1,826
31 years$13,250$9,381$6,505$4,434$2,980$1,611
32 years$12,697$8,876$6,070$4,075$2,696$1,422
33 years$12,178$8,406$5,667$3,747$2,440$1,256
34 years$11,690$7,967$5,295$3,448$2,209$1,109
35 years$11,232$7,556$4,950$3,174$2,001$979
36 years$10,800$7,172$4,631$2,923$1,813$865
37 years$10,392$6,812$4,335$2,693$1,643$765
38 years$10,007$6,474$4,059$2,482$1,489$676
39 years$9,642$6,156$3,803$2,289$1,351$597
40 years$9,297$5,857$3,565$2,111$1,225$528
41 years$8,969$5,575$3,342$1,948$1,111$467
42 years$8,657$5,309$3,135$1,798$1,009$413
43 years$8,361$5,059$2,942$1,659$915$365
44 years$8,079$4,822$2,762$1,532$831$323
45 years$7,811$4,598$2,593$1,415$754$286
46 years$7,555$4,387$2,435$1,307$685$253
47 years$7,310$4,186$2,288$1,208$622$224
48 years$7,076$3,996$2,150$1,116$565$198
49 years$6,853$3,816$2,021$1,031$513$175
50 years$6,639$3,645$1,900$953$466$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,800,000, adding $4,769 every year, while hoping to spend $21,039 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: 38/47/15 Blend
62$6,800,000$6,800,000$6,800,000$6,800,000
63$7,498,519$7,138,119$7,032,719$7,749,305
64$8,240,983$7,465,502$7,245,930$8,256,506
65$9,058,473$7,808,221$7,465,578$8,801,907
66$9,958,619$8,167,006$7,691,857$9,390,872
67$10,949,830$8,542,621$7,924,966$10,027,329
68$12,041,371$8,935,868$8,165,111$10,715,585
69$13,243,450$9,347,585$8,412,502$11,460,362
70$14,567,319$9,778,653$8,667,357$12,266,838
71$16,025,372$10,229,994$8,929,900$13,140,695
72$17,631,271$10,702,574$9,200,363$14,088,164
73$19,400,068$11,197,408$9,478,982$15,116,087
74$21,348,350$11,715,556$9,766,003$16,231,969
75$23,494,395$12,258,131$10,061,678$17,444,054
76$25,858,345$12,826,301$10,366,265$18,761,392
77$28,462,394$13,421,289$10,680,034$20,193,921
78$31,331,002$14,044,375$11,003,258$21,752,557
79$34,491,119$14,696,904$11,336,222$23,449,295
80$37,972,445$15,380,284$11,679,217$25,297,310
81$41,807,708$16,095,992$12,032,545$27,311,082
82$46,032,973$16,845,574$12,396,514$29,506,525
83$50,687,983$17,630,654$12,771,444$31,901,131
84$55,816,533$18,452,932$13,157,663$34,514,128
85$61,466,883$19,314,190$13,555,509$37,366,659
86$67,692,217$20,216,297$13,965,331$40,481,969
87$74,551,140$21,161,213$14,387,486$43,885,621
88$82,108,235$22,150,990$14,822,345$47,605,729
89$90,434,668$23,187,782$15,270,287$51,673,218
90$99,608,867$24,273,846$15,731,704$56,122,100
91$109,717,254$25,411,547$16,206,999$60,989,798
92$120,855,068$26,603,367$16,696,587$66,317,479
93$133,127,258$27,851,906$17,200,897$72,150,441
94$146,649,479$29,159,889$17,720,367$78,538,528
95$161,549,178$30,530,176$18,255,451$85,536,590
96$177,966,802$31,965,763$18,806,617$93,204,989
97$196,057,122$33,469,791$19,374,345$101,610,161
98$215,990,692$35,045,554$19,959,129$110,825,229
99$237,955,462$36,696,506$20,561,479$120,930,679
100$262,158,550$38,426,266$21,181,920$132,015,112