Can I retire at age 63 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$511,990$507,430$502,980$498,637$494,397$486,607
2 years$253,460$248,740$244,165$239,729$235,427$227,599
3 years$167,295$162,554$157,991$153,597$149,365$141,742
4 years$124,221$119,495$114,977$110,658$106,528$99,170
5 years$98,383$93,685$89,227$84,996$80,981$73,908
6 years$81,164$76,501$72,109$67,972$64,077$57,298
7 years$68,869$64,245$59,923$55,883$52,112$45,629
8 years$59,652$55,070$50,819$46,879$43,232$37,043
9 years$52,487$47,949$43,770$39,931$36,408$30,510
10 years$46,758$42,264$38,160$34,421$31,021$25,410
11 years$42,074$37,625$33,596$29,956$26,679$21,349
12 years$38,174$33,771$29,815$26,276$23,120$18,064
13 years$34,876$30,519$26,638$23,198$20,161$15,372
14 years$32,052$27,741$23,934$20,592$17,673$13,143
15 years$29,606$25,342$21,609$18,365$15,561$11,281
16 years$27,468$23,250$19,592$16,443$13,752$9,716
17 years$25,584$21,413$17,828$14,774$12,194$8,390
18 years$23,911$19,786$16,275$13,315$10,842$7,263
19 years$22,416$18,338$14,899$12,031$9,664$6,299
20 years$21,072$17,040$13,673$10,896$8,632$5,473
21 years$19,857$15,872$12,577$9,889$7,725$4,762
22 years$18,755$14,816$11,591$8,991$6,924$4,149
23 years$17,750$13,857$10,703$8,189$6,215$3,619
24 years$16,830$12,984$9,898$7,469$5,587$3,159
25 years$15,985$12,184$9,168$6,821$5,027$2,761
26 years$15,206$11,451$8,503$6,237$4,528$2,414
27 years$14,486$10,777$7,895$5,708$4,083$2,112
28 years$13,818$10,155$7,340$5,230$3,684$1,849
29 years$13,198$9,580$6,830$4,796$3,326$1,619
30 years$12,621$9,048$6,362$4,402$3,006$1,419
31 years$12,081$8,553$5,931$4,043$2,717$1,243
32 years$11,576$8,093$5,534$3,715$2,458$1,090
33 years$11,103$7,664$5,167$3,416$2,224$956
34 years$10,659$7,264$4,828$3,143$2,014$839
35 years$10,241$6,890$4,514$2,894$1,824$736
36 years$9,847$6,539$4,222$2,665$1,653$646
37 years$9,475$6,211$3,952$2,455$1,498$567
38 years$9,124$5,902$3,701$2,263$1,358$498
39 years$8,791$5,613$3,467$2,087$1,232$437
40 years$8,476$5,340$3,250$1,925$1,117$384
41 years$8,177$5,083$3,047$1,776$1,013$337
42 years$7,894$4,841$2,859$1,639$920$296
43 years$7,624$4,612$2,682$1,513$835$260
44 years$7,366$4,397$2,518$1,397$758$228
45 years$7,122$4,193$2,364$1,290$688$200
46 years$6,888$4,000$2,221$1,192$624$176
47 years$6,665$3,817$2,086$1,101$567$155
48 years$6,452$3,644$1,960$1,017$515$136
49 years$6,248$3,480$1,843$940$468$119
50 years$6,053$3,324$1,732$869$425$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,200,000, adding $4,055 every year, while hoping to spend $52,014 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: 68/9/23 Blend
62$6,200,000$6,200,000$6,200,000$6,200,000
63$6,836,583$6,507,983$6,411,883$7,261,276
64$7,478,572$6,771,531$6,571,338$7,809,992
65$8,184,300$7,046,251$6,734,392$8,403,674
66$8,960,215$7,332,633$6,901,111$9,051,927
67$9,813,418$7,631,193$7,071,559$9,760,137
68$10,751,734$7,942,469$7,245,804$10,534,237
69$11,783,786$8,267,025$7,423,913$11,380,754
70$12,919,071$8,605,448$7,605,953$12,306,879
71$14,168,055$8,958,353$7,791,991$13,320,529
72$15,542,269$9,326,386$7,982,095$14,430,421
73$17,054,419$9,710,217$8,176,334$15,646,157
74$18,718,504$10,110,552$8,374,775$16,978,310
75$20,549,948$10,528,126$8,577,487$18,438,523
76$22,565,748$10,963,709$8,784,538$20,039,623
77$24,784,629$11,418,106$8,995,995$21,795,734
78$27,227,228$11,892,160$9,211,928$23,722,416
79$29,916,281$12,386,751$9,432,403$25,836,807
80$32,876,841$12,902,801$9,657,488$28,157,782
81$36,136,515$13,441,275$9,887,250$30,706,137
82$39,725,722$14,003,180$10,121,755$33,504,779
83$43,677,981$14,589,571$10,361,070$36,578,940
84$48,030,229$15,201,554$10,605,259$39,956,418
85$52,823,164$15,840,282$10,854,387$43,667,838
86$58,101,635$16,506,964$11,108,517$47,746,934
87$63,915,061$17,202,864$11,367,712$52,230,876
88$70,317,898$17,929,306$11,632,031$57,160,610
89$77,370,156$18,687,674$11,901,536$62,581,249
90$85,137,958$19,479,416$12,176,284$68,542,495
91$93,694,172$20,306,049$12,456,332$75,099,108
92$103,119,092$21,169,160$12,741,733$82,311,422
93$113,501,199$22,070,409$13,032,541$90,245,910
94$124,937,996$23,011,534$13,328,806$98,975,813
95$137,536,927$23,994,354$13,630,576$108,581,827
96$151,416,388$25,020,772$13,937,895$119,152,868
97$166,706,852$26,092,782$14,250,807$130,786,902
98$183,552,091$27,212,469$14,569,349$143,591,875
99$202,110,541$28,382,017$14,893,559$157,686,726
100$222,556,791$29,603,710$15,223,468$173,202,509