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%18.2%
1 years$561,538$556,536$551,656$546,893$542,242$524,255
2 years$277,989$272,812$267,794$262,929$258,210$240,263
3 years$183,485$178,285$173,280$168,461$163,819$146,476
4 years$136,242$131,059$126,104$121,367$116,837$100,230
5 years$107,904$102,752$97,862$93,221$88,818$72,991
6 years$89,018$83,904$79,087$74,550$70,279$55,245
7 years$75,534$70,463$65,722$61,292$57,155$42,913
8 years$65,425$60,400$55,737$51,416$47,416$33,954
9 years$57,566$52,589$48,006$43,795$39,931$27,233
10 years$51,283$46,354$41,853$37,752$34,023$22,070
11 years$46,146$41,267$36,847$32,855$29,261$18,030
12 years$41,868$37,039$32,701$28,819$25,357$14,822
13 years$38,251$33,472$29,216$25,442$22,112$12,247
14 years$35,153$30,425$26,250$22,585$19,383$10,161
15 years$32,471$27,794$23,701$20,142$17,066$8,457
16 years$30,127$25,500$21,488$18,035$15,083$7,059
17 years$28,060$23,485$19,553$16,204$13,374$5,905
18 years$26,225$21,701$17,850$14,603$11,891$4,948
19 years$24,585$20,112$16,341$13,195$10,599$4,153
20 years$23,111$18,689$14,997$11,951$9,467$3,490
21 years$21,779$17,408$13,794$10,846$8,472$2,936
22 years$20,570$16,250$12,713$9,862$7,594$2,473
23 years$19,467$15,198$11,738$8,981$6,817$2,083
24 years$18,458$14,240$10,856$8,191$6,127$1,757
25 years$17,531$13,364$10,055$7,481$5,514$1,482
26 years$16,677$12,560$9,325$6,840$4,966$1,251
27 years$15,888$11,820$8,659$6,261$4,478$1,056
28 years$15,156$11,138$8,050$5,736$4,040$892
29 years$14,476$10,507$7,491$5,260$3,648$754
30 years$13,842$9,923$6,978$4,828$3,296$637
31 years$13,250$9,381$6,505$4,434$2,980$538
32 years$12,697$8,876$6,070$4,075$2,696$455
33 years$12,178$8,406$5,667$3,747$2,440$385
34 years$11,690$7,967$5,295$3,448$2,209$325
35 years$11,232$7,556$4,950$3,174$2,001$275
36 years$10,800$7,172$4,631$2,923$1,813$233
37 years$10,392$6,812$4,335$2,693$1,643$197
38 years$10,007$6,474$4,059$2,482$1,489$166
39 years$9,642$6,156$3,803$2,289$1,351$141
40 years$9,297$5,857$3,565$2,111$1,225$119
41 years$8,969$5,575$3,342$1,948$1,111$101
42 years$8,657$5,309$3,135$1,798$1,009$85
43 years$8,361$5,059$2,942$1,659$915$72
44 years$8,079$4,822$2,762$1,532$831$61
45 years$7,811$4,598$2,593$1,415$754$52
46 years$7,555$4,387$2,435$1,307$685$44
47 years$7,310$4,186$2,288$1,208$622$37
48 years$7,076$3,996$2,150$1,116$565$31
49 years$6,853$3,816$2,021$1,031$513$26
50 years$6,639$3,645$1,900$953$466$22

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 $2,936 every year, while hoping to spend $57,180 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: 66/20/14 Blend
62$6,800,000$6,800,000$6,800,000$6,800,000
63$7,496,628$7,136,228$7,030,828$7,966,671
64$8,200,446$7,425,065$7,205,522$8,569,671
65$8,974,135$7,726,137$7,384,152$9,221,559
66$9,824,765$8,039,986$7,566,788$9,932,671
67$10,760,120$8,367,174$7,753,504$10,708,800
68$11,788,777$8,708,290$7,944,372$11,556,319
69$12,920,188$9,063,952$8,139,464$12,482,240
70$14,164,765$9,434,804$8,338,854$13,494,283
71$15,533,981$9,821,519$8,542,615$14,600,945
72$17,040,475$10,224,802$8,750,822$15,811,577
73$18,698,176$10,645,389$8,963,546$17,136,475
74$20,522,429$11,084,052$9,180,864$18,586,973
75$22,530,142$11,541,596$9,402,848$20,175,549
76$24,739,946$12,018,864$9,629,574$21,915,940
77$27,172,370$12,516,738$9,861,114$23,823,274
78$29,850,034$13,036,140$10,097,543$25,914,205
79$32,797,860$13,578,033$10,338,933$28,207,077
80$36,043,313$14,143,428$10,585,359$30,722,084
81$39,616,654$14,733,380$10,836,892$33,481,471
82$43,551,230$15,348,992$11,093,604$36,509,731
83$47,883,783$15,991,420$11,355,567$39,833,842
84$52,654,801$16,661,873$11,622,852$43,483,516
85$57,908,900$17,361,614$11,895,526$47,491,478
86$63,695,241$18,091,966$12,173,660$51,893,771
87$70,067,998$18,854,314$12,457,320$56,730,098
88$77,086,865$19,650,107$12,746,571$62,044,189
89$84,817,622$20,480,859$13,041,478$67,884,215
90$93,332,755$21,348,156$13,342,103$74,303,239
91$102,712,139$22,253,659$13,648,506$81,359,712
92$113,043,793$23,199,104$13,960,747$89,118,025
93$124,424,708$24,186,309$14,278,881$97,649,112
94$136,961,766$25,217,176$14,602,961$107,031,118
95$150,772,745$26,293,696$14,933,039$117,350,129
96$165,987,431$27,417,953$15,269,162$128,700,988
97$182,748,845$28,592,129$15,611,374$141,188,179
98$201,214,590$29,818,506$15,959,718$154,926,817
99$221,558,340$31,099,475$16,314,231$170,043,725
100$243,971,478$32,437,536$16,674,945$186,678,630