Can I retire at age 63 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$569,796$564,720$559,768$554,935$550,216$544,923
2 years$282,077$276,824$271,732$266,796$262,007$256,676
3 years$186,183$180,907$175,829$170,939$166,228$161,023
4 years$138,246$132,986$127,958$123,152$118,555$113,517
5 years$109,491$104,263$99,301$94,592$90,124$85,267
6 years$90,327$85,138$80,250$75,646$71,312$66,642
7 years$76,644$71,499$66,688$62,193$57,996$53,515
8 years$66,387$61,288$56,557$52,172$48,113$43,821
9 years$58,413$53,362$48,712$44,439$40,518$36,414
10 years$52,037$47,036$42,468$38,307$34,524$30,605
11 years$46,825$41,873$37,389$33,338$29,691$25,954
12 years$42,484$37,583$33,181$29,242$25,730$22,171
13 years$38,814$33,964$29,645$25,817$22,437$19,053
14 years$35,670$30,873$26,637$22,917$19,668$16,454
15 years$32,949$28,203$24,049$20,438$17,317$14,268
16 years$30,570$25,875$21,804$18,300$15,305$12,416
17 years$28,473$23,830$19,841$16,442$13,571$10,836
18 years$26,611$22,020$18,112$14,818$12,066$9,481
19 years$24,947$20,408$16,581$13,389$10,755$8,314
20 years$23,451$18,964$15,217$12,127$9,607$7,304
21 years$22,099$17,665$13,997$11,006$8,597$6,427
22 years$20,872$16,489$12,900$10,007$7,706$5,664
23 years$19,754$15,422$11,911$9,113$6,917$4,997
24 years$18,730$14,449$11,016$8,312$6,217$4,414
25 years$17,789$13,560$10,203$7,591$5,595$3,902
26 years$16,922$12,744$9,463$6,941$5,039$3,453
27 years$16,121$11,994$8,787$6,353$4,543$3,057
28 years$15,379$11,302$8,168$5,821$4,100$2,709
29 years$14,688$10,662$7,601$5,338$3,702$2,402
30 years$14,045$10,069$7,080$4,899$3,345$2,130
31 years$13,445$9,519$6,601$4,499$3,024$1,890
32 years$12,883$9,006$6,159$4,135$2,736$1,678
33 years$12,357$8,529$5,750$3,802$2,476$1,490
34 years$11,862$8,084$5,373$3,498$2,241$1,324
35 years$11,397$7,667$5,023$3,220$2,030$1,176
36 years$10,959$7,277$4,699$2,966$1,839$1,045
37 years$10,545$6,912$4,398$2,733$1,667$929
38 years$10,154$6,569$4,119$2,519$1,511$826
39 years$9,784$6,246$3,859$2,322$1,371$735
40 years$9,433$5,943$3,617$2,142$1,243$654
41 years$9,101$5,657$3,392$1,976$1,128$581
42 years$8,785$5,388$3,181$1,824$1,023$517
43 years$8,484$5,133$2,985$1,684$929$460
44 years$8,198$4,893$2,802$1,555$843$409
45 years$7,926$4,666$2,631$1,436$765$364
46 years$7,666$4,451$2,471$1,326$695$324
47 years$7,418$4,248$2,322$1,225$631$289
48 years$7,180$4,055$2,182$1,132$573$257
49 years$6,954$3,872$2,051$1,046$520$229
50 years$6,737$3,699$1,928$967$473$204

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,900,000, adding $6,675 every year, while hoping to spend $27,881 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: 51/39/10 Blend
62$6,900,000$6,900,000$6,900,000$6,900,000
63$7,610,685$7,244,985$7,138,035$7,978,556
64$8,357,310$7,570,324$7,347,494$8,555,644
65$9,179,156$7,910,671$7,563,036$9,179,123
66$10,083,866$8,266,730$7,784,834$9,856,250
67$11,079,863$8,639,242$8,013,068$10,592,080
68$12,176,426$9,028,982$8,247,923$11,392,165
69$13,383,780$9,436,760$8,489,587$12,262,604
70$14,713,193$9,863,429$8,738,255$13,210,096
71$16,177,081$10,309,879$8,994,129$14,242,006
72$17,789,124$10,777,044$9,257,413$15,366,425
73$19,564,398$11,265,903$9,528,320$16,592,249
74$21,519,515$11,777,480$9,807,067$17,929,256
75$23,672,779$12,312,851$10,093,878$19,388,196
76$26,044,362$12,873,140$10,388,982$20,980,890
77$28,656,491$13,459,527$10,692,616$22,720,337
78$31,533,658$14,073,249$11,005,024$24,620,834
79$34,702,854$14,715,601$11,326,455$26,698,105
80$38,193,820$15,387,941$11,657,166$28,969,448
81$42,039,329$16,091,690$11,997,421$31,453,892
82$46,275,497$16,828,339$12,347,492$34,172,371
83$50,942,121$17,599,451$12,707,656$37,147,922
84$56,083,057$18,406,663$13,078,202$40,405,890
85$61,746,630$19,251,691$13,459,423$43,974,170
86$67,986,096$20,136,333$13,851,623$47,883,457
87$74,860,138$21,062,474$14,255,113$52,167,538
88$82,433,426$22,032,089$14,670,212$56,863,599
89$90,777,221$23,047,248$15,097,251$62,012,572
90$99,970,055$24,110,120$15,536,566$67,659,515
91$110,098,465$25,222,981$15,988,505$73,854,030
92$121,257,814$26,388,212$16,453,426$80,650,725
93$133,553,190$27,608,313$16,931,694$88,109,723
94$147,100,397$28,885,902$17,423,688$96,297,217
95$162,027,050$30,223,724$17,929,794$105,286,093
96$178,473,777$31,624,654$18,450,410$115,156,605
97$196,595,550$33,091,710$18,985,946$125,997,126
98$216,563,143$34,628,050$19,536,822$137,904,972
99$238,564,748$36,236,989$20,103,470$150,987,310
100$262,807,750$37,922,000$20,686,334$165,362,161