Can I retire at age 63 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$503,732$499,245$494,868$490,595$486,423$466,939
2 years$249,372$244,728$240,227$235,863$231,630$212,245
3 years$164,597$159,933$155,443$151,120$146,955$128,280
4 years$122,217$117,567$113,123$108,873$104,810$86,986
5 years$96,796$92,174$87,788$83,625$79,675$62,747
6 years$79,855$75,267$70,946$66,876$63,044$47,023
7 years$67,758$63,209$58,956$54,982$51,272$36,152
8 years$58,690$54,182$49,999$46,123$42,535$28,301
9 years$51,640$47,175$43,064$39,287$35,820$22,450
10 years$46,004$41,583$37,545$33,866$30,521$17,988
11 years$41,396$37,019$33,054$29,473$26,249$14,524
12 years$37,558$33,226$29,334$25,852$22,747$11,797
13 years$34,313$30,026$26,208$22,823$19,836$9,628
14 years$31,535$27,293$23,548$20,260$17,388$7,888
15 years$29,129$24,933$21,261$18,068$15,310$6,482
16 years$27,025$22,875$19,276$16,178$13,531$5,340
17 years$25,171$21,067$17,540$14,536$11,997$4,408
18 years$23,525$19,467$16,012$13,100$10,667$3,645
19 years$22,054$18,042$14,658$11,837$9,508$3,018
20 years$20,732$16,766$13,453$10,721$8,493$2,501
21 years$19,537$15,616$12,374$9,730$7,600$2,075
22 years$18,452$14,577$11,405$8,846$6,812$1,723
23 years$17,463$13,634$10,530$8,057$6,115$1,431
24 years$16,558$12,774$9,739$7,348$5,496$1,190
25 years$15,727$11,988$9,020$6,711$4,946$989
26 years$14,960$11,267$8,365$6,136$4,455$823
27 years$14,252$10,603$7,768$5,616$4,017$685
28 years$13,596$9,991$7,221$5,146$3,624$570
29 years$12,985$9,426$6,720$4,719$3,273$474
30 years$12,417$8,902$6,260$4,331$2,957$395
31 years$11,886$8,415$5,836$3,977$2,673$329
32 years$11,390$7,962$5,445$3,655$2,418$274
33 years$10,924$7,540$5,084$3,361$2,189$228
34 years$10,487$7,147$4,750$3,093$1,982$190
35 years$10,076$6,778$4,441$2,847$1,795$158
36 years$9,688$6,434$4,154$2,622$1,626$132
37 years$9,322$6,111$3,888$2,416$1,474$110
38 years$8,977$5,807$3,641$2,227$1,336$92
39 years$8,650$5,522$3,412$2,053$1,212$76
40 years$8,340$5,254$3,198$1,894$1,099$64
41 years$8,046$5,001$2,998$1,747$997$53
42 years$7,766$4,763$2,813$1,613$905$44
43 years$7,501$4,538$2,639$1,489$821$37
44 years$7,248$4,326$2,477$1,374$745$31
45 years$7,007$4,125$2,326$1,269$677$26
46 years$6,777$3,935$2,185$1,172$614$21
47 years$6,558$3,755$2,053$1,083$558$18
48 years$6,348$3,585$1,929$1,001$507$15
49 years$6,148$3,423$1,813$925$460$12
50 years$5,956$3,270$1,704$855$418$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,100,000, adding $2,548 every year, while hoping to spend $28,533 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: 68/14/18 Blend
62$6,100,000$6,100,000$6,100,000$6,100,000
63$6,724,828$6,401,528$6,306,978$7,152,517
64$7,380,402$6,684,844$6,487,903$7,721,756
65$8,101,888$6,981,086$6,673,933$8,340,600
66$8,895,979$7,290,858$6,865,208$9,016,817
67$9,770,049$7,614,791$7,061,873$9,756,053
68$10,732,226$7,953,547$7,264,077$10,564,522
69$11,791,461$8,307,820$7,471,973$11,449,063
70$12,957,622$8,678,335$7,685,716$12,417,206
71$14,241,580$9,065,853$7,905,467$13,477,238
72$15,655,313$9,471,172$8,131,392$14,638,285
73$17,212,021$9,895,126$8,363,660$15,910,391
74$18,926,250$10,338,589$8,602,445$17,304,617
75$20,814,025$10,802,478$8,847,925$18,833,141
76$22,893,009$11,287,752$9,100,283$20,509,373
77$25,182,661$11,795,418$9,359,708$22,348,077
78$27,704,427$12,326,527$9,626,393$24,365,516
79$30,481,936$12,882,185$9,900,535$26,579,594
80$33,541,229$13,463,548$10,182,338$29,010,034
81$36,910,999$14,071,826$10,472,011$31,678,553
82$40,622,865$14,708,290$10,769,768$34,609,073
83$44,711,670$15,374,269$11,075,828$37,827,940
84$49,215,810$16,071,157$11,390,417$41,364,172
85$54,177,593$16,800,415$11,713,767$45,249,732
86$59,643,645$17,563,572$12,046,115$49,519,827
87$65,665,341$18,362,232$12,387,705$54,213,238
88$72,299,299$19,198,074$12,738,786$59,372,685
89$79,607,908$20,072,860$13,099,615$65,045,225
90$87,659,918$20,988,434$13,470,456$71,282,699
91$96,531,091$21,946,729$13,851,578$78,142,213
92$106,304,915$22,949,771$14,243,258$85,686,678
93$117,073,389$23,999,683$14,645,781$93,985,401
94$128,937,898$25,098,690$15,059,437$103,114,735
95$142,010,161$26,249,124$15,484,526$113,158,798
96$156,413,294$27,453,427$15,921,355$124,210,263
97$172,282,967$28,714,162$16,370,237$136,371,230
98$189,768,685$30,034,012$16,831,495$149,754,188
99$209,035,202$31,415,789$17,305,461$164,483,070
100$230,264,071$32,862,441$17,792,473$180,694,423