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

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$561,538$556,536$551,656$546,893$542,242$531,946
2 years$277,989$272,812$267,794$262,929$258,210$247,878
3 years$183,485$178,285$173,280$168,461$163,819$153,772
4 years$136,242$131,059$126,104$121,367$116,837$107,153
5 years$107,904$102,752$97,862$93,221$88,818$79,523
6 years$89,018$83,904$79,087$74,550$70,279$61,385
7 years$75,534$70,463$65,722$61,292$57,155$48,664
8 years$65,425$60,400$55,737$51,416$47,416$39,325
9 years$57,566$52,589$48,006$43,795$39,931$32,236
10 years$51,283$46,354$41,853$37,752$34,023$26,716
11 years$46,146$41,267$36,847$32,855$29,261$22,334
12 years$41,868$37,039$32,701$28,819$25,357$18,800
13 years$38,251$33,472$29,216$25,442$22,112$15,914
14 years$35,153$30,425$26,250$22,585$19,383$13,533
15 years$32,471$27,794$23,701$20,142$17,066$11,553
16 years$30,127$25,500$21,488$18,035$15,083$9,893
17 years$28,060$23,485$19,553$16,204$13,374$8,495
18 years$26,225$21,701$17,850$14,603$11,891$7,311
19 years$24,585$20,112$16,341$13,195$10,599$6,304
20 years$23,111$18,689$14,997$11,951$9,467$5,444
21 years$21,779$17,408$13,794$10,846$8,472$4,709
22 years$20,570$16,250$12,713$9,862$7,594$4,077
23 years$19,467$15,198$11,738$8,981$6,817$3,534
24 years$18,458$14,240$10,856$8,191$6,127$3,066
25 years$17,531$13,364$10,055$7,481$5,514$2,662
26 years$16,677$12,560$9,325$6,840$4,966$2,313
27 years$15,888$11,820$8,659$6,261$4,478$2,011
28 years$15,156$11,138$8,050$5,736$4,040$1,749
29 years$14,476$10,507$7,491$5,260$3,648$1,522
30 years$13,842$9,923$6,978$4,828$3,296$1,324
31 years$13,250$9,381$6,505$4,434$2,980$1,153
32 years$12,697$8,876$6,070$4,075$2,696$1,004
33 years$12,178$8,406$5,667$3,747$2,440$875
34 years$11,690$7,967$5,295$3,448$2,209$762
35 years$11,232$7,556$4,950$3,174$2,001$664
36 years$10,800$7,172$4,631$2,923$1,813$579
37 years$10,392$6,812$4,335$2,693$1,643$505
38 years$10,007$6,474$4,059$2,482$1,489$440
39 years$9,642$6,156$3,803$2,289$1,351$384
40 years$9,297$5,857$3,565$2,111$1,225$335
41 years$8,969$5,575$3,342$1,948$1,111$292
42 years$8,657$5,309$3,135$1,798$1,009$255
43 years$8,361$5,059$2,942$1,659$915$222
44 years$8,079$4,822$2,762$1,532$831$194
45 years$7,811$4,598$2,593$1,415$754$169
46 years$7,555$4,387$2,435$1,307$685$147
47 years$7,310$4,186$2,288$1,208$622$129
48 years$7,076$3,996$2,150$1,116$565$112
49 years$6,853$3,816$2,021$1,031$513$98
50 years$6,639$3,645$1,900$953$466$85

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 $5,390 every year, while hoping to spend $52,950 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: 55/22/23 Blend
62$6,800,000$6,800,000$6,800,000$6,800,000
63$7,499,160$7,138,760$7,033,360$7,864,174
64$8,207,736$7,432,221$7,212,639$8,408,599
65$8,986,812$7,738,286$7,396,149$8,995,184
66$9,843,523$8,057,519$7,583,977$9,632,893
67$10,785,730$8,390,505$7,776,208$10,326,647
68$11,822,095$8,737,861$7,972,932$11,081,858
69$12,962,160$9,100,227$8,174,236$11,904,480
70$14,216,440$9,478,277$8,380,212$12,801,061
71$15,596,518$9,872,714$8,590,951$13,778,807
72$17,115,160$10,284,274$8,806,544$14,845,648
73$18,786,428$10,713,725$9,027,085$16,010,306
74$20,625,820$11,161,874$9,252,669$17,282,382
75$22,650,409$11,629,562$9,483,389$18,672,443
76$24,879,011$12,117,670$9,719,343$20,192,117
77$27,332,355$12,627,121$9,960,626$21,854,207
78$30,033,284$13,158,879$10,207,336$23,672,801
79$33,006,969$13,713,954$10,459,571$25,663,414
80$36,281,144$14,293,401$10,717,430$27,843,121
81$39,886,369$14,898,327$10,981,013$30,230,725
82$43,856,321$15,529,887$11,250,419$32,846,928
83$48,228,106$16,189,292$11,525,749$35,714,523
84$53,042,615$16,877,809$11,807,103$38,858,610
85$58,344,903$17,596,763$12,094,583$42,306,829
86$64,184,621$18,347,543$12,388,289$46,089,616
87$70,616,479$19,131,599$12,688,323$50,240,491
88$77,700,765$19,950,452$12,994,787$54,796,370
89$85,503,912$20,805,694$13,307,782$59,797,910
90$94,099,127$21,698,989$13,627,409$65,289,888
91$103,567,079$22,632,080$13,953,768$71,321,627
92$113,996,663$23,606,794$14,286,960$77,947,449
93$125,485,834$24,625,038$14,627,086$85,227,191
94$138,142,539$25,688,815$14,974,243$93,226,764
95$152,085,728$26,800,217$15,328,530$102,018,772
96$167,446,480$27,961,436$15,690,044$111,683,190
97$184,369,242$29,174,767$16,058,881$122,308,120
98$203,013,186$30,442,612$16,435,135$133,990,614
99$223,553,719$31,767,488$16,818,900$146,837,588
100$246,184,132$33,152,028$17,210,267$160,966,827