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%14.6%
1 years$569,796$564,720$559,768$554,935$550,216$539,769
2 years$282,077$276,824$271,732$266,796$262,007$251,523
3 years$186,183$180,907$175,829$170,939$166,228$156,033
4 years$138,246$132,986$127,958$123,152$118,555$108,728
5 years$109,491$104,263$99,301$94,592$90,124$80,693
6 years$90,327$85,138$80,250$75,646$71,312$62,287
7 years$76,644$71,499$66,688$62,193$57,996$49,380
8 years$66,387$61,288$56,557$52,172$48,113$39,903
9 years$58,413$53,362$48,712$44,439$40,518$32,710
10 years$52,037$47,036$42,468$38,307$34,524$27,109
11 years$46,825$41,873$37,389$33,338$29,691$22,662
12 years$42,484$37,583$33,181$29,242$25,730$19,076
13 years$38,814$33,964$29,645$25,817$22,437$16,148
14 years$35,670$30,873$26,637$22,917$19,668$13,732
15 years$32,949$28,203$24,049$20,438$17,317$11,722
16 years$30,570$25,875$21,804$18,300$15,305$10,039
17 years$28,473$23,830$19,841$16,442$13,571$8,620
18 years$26,611$22,020$18,112$14,818$12,066$7,418
19 years$24,947$20,408$16,581$13,389$10,755$6,397
20 years$23,451$18,964$15,217$12,127$9,607$5,525
21 years$22,099$17,665$13,997$11,006$8,597$4,778
22 years$20,872$16,489$12,900$10,007$7,706$4,137
23 years$19,754$15,422$11,911$9,113$6,917$3,586
24 years$18,730$14,449$11,016$8,312$6,217$3,111
25 years$17,789$13,560$10,203$7,591$5,595$2,701
26 years$16,922$12,744$9,463$6,941$5,039$2,347
27 years$16,121$11,994$8,787$6,353$4,543$2,040
28 years$15,379$11,302$8,168$5,821$4,100$1,774
29 years$14,688$10,662$7,601$5,338$3,702$1,544
30 years$14,045$10,069$7,080$4,899$3,345$1,344
31 years$13,445$9,519$6,601$4,499$3,024$1,170
32 years$12,883$9,006$6,159$4,135$2,736$1,019
33 years$12,357$8,529$5,750$3,802$2,476$888
34 years$11,862$8,084$5,373$3,498$2,241$774
35 years$11,397$7,667$5,023$3,220$2,030$674
36 years$10,959$7,277$4,699$2,966$1,839$588
37 years$10,545$6,912$4,398$2,733$1,667$512
38 years$10,154$6,569$4,119$2,519$1,511$447
39 years$9,784$6,246$3,859$2,322$1,371$389
40 years$9,433$5,943$3,617$2,142$1,243$340
41 years$9,101$5,657$3,392$1,976$1,128$296
42 years$8,785$5,388$3,181$1,824$1,023$258
43 years$8,484$5,133$2,985$1,684$929$225
44 years$8,198$4,893$2,802$1,555$843$197
45 years$7,926$4,666$2,631$1,436$765$171
46 years$7,666$4,451$2,471$1,326$695$150
47 years$7,418$4,248$2,322$1,225$631$130
48 years$7,180$4,055$2,182$1,132$573$114
49 years$6,954$3,872$2,051$1,046$520$99
50 years$6,737$3,699$1,928$967$473$87

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 $6,642 every year, while hoping to spend $37,331 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: 86/9/5 Blend
62$6,900,000$6,900,000$6,900,000$6,900,000
63$7,610,651$7,244,951$7,138,001$8,264,976
64$8,347,218$7,560,234$7,337,404$9,007,473
65$9,157,663$7,889,714$7,542,236$9,817,357
66$10,049,483$8,234,049$7,752,640$10,706,054
67$11,030,937$8,593,924$7,968,760$11,681,467
68$12,111,127$8,970,060$8,190,748$12,752,295
69$13,300,079$9,363,211$8,418,755$13,928,122
70$14,608,844$9,774,165$8,652,940$15,219,501
71$16,049,595$10,203,748$8,893,463$16,638,057
72$17,635,749$10,652,826$9,140,488$18,196,595
73$19,382,086$11,122,306$9,394,186$19,909,218
74$21,304,896$11,613,137$9,654,729$21,791,461
75$23,422,127$12,126,311$9,922,293$23,860,438
76$25,753,555$12,662,872$10,197,061$26,135,000
77$28,320,974$13,223,909$10,479,219$28,635,912
78$31,148,397$13,810,564$10,768,956$31,386,051
79$34,262,285$14,424,033$11,066,468$34,410,619
80$37,691,798$15,065,571$11,371,955$37,737,377
81$41,469,066$15,736,488$11,685,620$41,396,912
82$45,629,495$16,438,161$12,007,673$45,422,920
83$50,212,102$17,172,029$12,338,328$49,852,525
84$55,259,880$17,939,602$12,677,805$54,726,625
85$60,820,204$18,742,458$13,026,328$60,090,281
86$66,945,281$19,582,255$13,384,126$65,993,139
87$73,692,641$20,460,727$13,751,436$72,489,896
88$81,125,678$21,379,690$14,128,497$79,640,817
89$89,314,251$22,341,049$14,515,555$87,512,302
90$98,335,342$23,346,798$14,912,864$96,177,509
91$108,273,782$24,399,026$15,320,680$105,717,045
92$119,223,052$25,499,923$15,739,267$116,219,724
93$131,286,166$26,651,782$16,168,895$127,783,406
94$144,576,642$27,857,006$16,609,840$140,515,916
95$159,219,574$29,118,114$17,062,384$154,536,059
96$175,352,813$30,437,744$17,526,816$169,974,745
97$193,128,266$31,818,660$18,003,431$186,976,216
98$212,713,334$33,263,759$18,492,531$205,699,410
99$234,292,488$34,776,077$18,994,425$226,319,455
100$258,069,011$36,358,794$19,509,427$249,029,326