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

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$495,474$491,061$486,755$482,552$478,448$469,557
2 years$245,284$240,716$236,289$231,996$227,833$218,908
3 years$161,899$157,311$152,895$148,642$144,546$135,866
4 years$120,214$115,640$111,268$107,088$103,092$94,723
5 years$95,210$90,663$86,349$82,254$78,369$70,336
6 years$78,545$74,033$69,782$65,779$62,010$54,322
7 years$66,647$62,173$57,990$54,081$50,431$43,089
8 years$57,728$53,294$49,180$45,367$41,837$34,840
9 years$50,794$46,402$42,359$38,643$35,233$28,576
10 years$45,250$40,901$36,929$33,310$30,020$23,698
11 years$40,717$36,412$32,512$28,990$25,819$19,823
12 years$36,942$32,681$28,853$25,428$22,374$16,697
13 years$33,751$29,534$25,779$22,449$19,510$14,143
14 years$31,018$26,846$23,162$19,928$17,103$12,036
15 years$28,651$24,524$20,912$17,772$15,059$10,281
16 years$26,582$22,500$18,960$15,913$13,309$8,811
17 years$24,759$20,722$17,253$14,298$11,801$7,571
18 years$23,140$19,148$15,750$12,885$10,492$6,520
19 years$21,693$17,746$14,418$11,643$9,352$5,626
20 years$20,392$16,491$13,232$10,545$8,354$4,863
21 years$19,217$15,360$12,171$9,570$7,475$4,209
22 years$18,150$14,338$11,218$8,701$6,701$3,648
23 years$17,177$13,410$10,357$7,925$6,015$3,164
24 years$16,287$12,565$9,579$7,228$5,406$2,747
25 years$15,469$11,791$8,872$6,601$4,865$2,387
26 years$14,715$11,082$8,228$6,035$4,382$2,076
27 years$14,018$10,429$7,641$5,524$3,951$1,806
28 years$13,373$9,828$7,103$5,061$3,565$1,572
29 years$12,773$9,271$6,610$4,641$3,219$1,369
30 years$12,213$8,756$6,157$4,260$2,909$1,192
31 years$11,691$8,277$5,740$3,912$2,630$1,039
32 years$11,203$7,832$5,355$3,595$2,379$906
33 years$10,745$7,417$5,000$3,306$2,153$790
34 years$10,315$7,029$4,672$3,042$1,949$689
35 years$9,911$6,667$4,368$2,800$1,765$601
36 years$9,529$6,328$4,086$2,579$1,599$524
37 years$9,170$6,010$3,825$2,376$1,450$457
38 years$8,830$5,712$3,582$2,190$1,314$399
39 years$8,508$5,432$3,356$2,020$1,192$348
40 years$8,203$5,168$3,145$1,863$1,081$304
41 years$7,914$4,919$2,949$1,719$981$265
42 years$7,639$4,685$2,766$1,586$890$232
43 years$7,378$4,464$2,596$1,464$808$202
44 years$7,129$4,255$2,437$1,352$733$176
45 years$6,892$4,057$2,288$1,248$666$154
46 years$6,666$3,871$2,149$1,153$604$135
47 years$6,450$3,694$2,019$1,065$549$117
48 years$6,244$3,526$1,897$985$498$103
49 years$6,047$3,367$1,783$910$453$90
50 years$5,858$3,217$1,677$841$411$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,000,000, adding $6,666 every year, while hoping to spend $38,642 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: 73/8/19 Blend
62$6,000,000$6,000,000$6,000,000$6,000,000
63$6,618,876$6,300,876$6,207,876$7,071,817
64$7,252,887$6,568,504$6,374,725$7,641,143
65$7,950,271$6,847,951$6,545,868$8,259,329
66$8,717,453$7,139,755$6,721,409$8,935,567
67$9,561,509$7,444,479$6,901,453$9,675,620
68$10,490,238$7,762,713$7,086,106$10,485,831
69$11,512,231$8,095,075$7,275,479$11,373,186
70$12,636,955$8,442,210$7,469,684$12,345,376
71$13,874,840$8,804,794$7,668,835$13,410,872
72$15,237,381$9,183,536$7,873,048$14,579,003
73$16,737,241$9,579,177$8,082,442$15,860,041
74$18,388,375$9,992,492$8,297,139$17,265,301
75$20,206,159$10,424,293$8,517,262$18,807,246
76$22,207,534$10,875,431$8,742,938$20,499,601
77$24,411,171$11,346,795$8,974,295$22,357,486
78$26,837,641$11,839,318$9,211,464$24,397,552
79$29,509,611$12,353,976$9,454,579$26,638,144
80$32,452,060$12,891,789$9,703,776$29,099,468
81$35,692,511$13,453,828$9,959,194$31,803,783
82$39,261,295$14,041,213$10,220,974$34,775,610
83$43,191,831$14,655,116$10,489,260$38,041,962
84$47,520,946$15,296,766$10,764,200$41,632,596
85$52,289,224$15,967,448$11,045,941$45,580,296
86$57,541,381$16,668,510$11,334,637$49,921,180
87$63,326,697$17,401,361$11,630,442$54,695,039
88$69,699,471$18,167,480$11,933,513$59,945,710
89$76,719,543$18,968,411$12,244,011$65,721,493
90$84,452,849$19,805,777$12,562,099$72,075,600
91$92,972,052$20,681,272$12,887,941$79,066,659
92$102,357,221$21,596,674$13,221,707$86,759,267
93$112,696,592$22,553,845$13,563,568$95,224,594
94$124,087,394$23,554,734$13,913,698$104,541,057
95$136,636,775$24,601,382$14,272,274$114,795,056
96$150,462,805$25,695,929$14,639,474$126,081,791
97$165,695,596$26,840,615$15,015,481$138,506,155
98$182,478,528$28,037,786$15,400,481$152,183,725
99$200,969,601$29,289,901$15,794,660$167,241,849
100$221,342,929$30,599,535$16,198,210$183,820,849