Can I retire at age 63 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$520,248$515,614$511,093$506,680$502,371$491,224
2 years$257,549$252,752$248,103$243,596$239,224$228,052
3 years$169,994$165,176$160,539$156,074$151,774$140,925
4 years$126,225$121,422$116,831$112,443$108,246$97,804
5 years$99,970$95,196$90,666$86,367$82,287$72,282
6 years$82,473$77,735$73,272$69,068$65,111$55,552
7 years$69,980$65,282$60,889$56,785$52,953$43,842
8 years$60,614$55,958$51,639$47,635$43,929$35,264
9 years$53,333$48,722$44,476$40,575$36,995$28,769
10 years$47,512$42,946$38,776$34,976$31,521$23,725
11 years$42,753$38,232$34,137$30,439$27,110$19,733
12 years$38,789$34,315$30,296$26,700$23,493$16,525
13 years$35,438$31,011$27,068$23,572$20,486$13,914
14 years$32,569$28,188$24,320$20,924$17,958$11,768
15 years$30,084$25,750$21,958$18,661$15,812$9,990
16 years$27,911$23,625$19,908$16,709$13,974$8,507
17 years$25,997$21,758$18,116$15,013$12,391$7,263
18 years$24,297$20,106$16,537$13,529$11,017$6,214
19 years$22,777$18,634$15,139$12,225$9,820$5,326
20 years$21,412$17,315$13,894$11,072$8,771$4,573
21 years$20,178$16,128$12,780$10,049$7,849$3,931
22 years$19,057$15,055$11,778$9,136$7,036$3,383
23 years$18,036$14,081$10,875$8,321$6,316$2,914
24 years$17,101$13,193$10,058$7,589$5,677$2,512
25 years$16,242$12,381$9,316$6,931$5,108$2,167
26 years$15,451$11,636$8,640$6,337$4,601$1,871
27 years$14,719$10,951$8,023$5,801$4,148$1,616
28 years$14,041$10,319$7,458$5,315$3,743$1,396
29 years$13,411$9,735$6,940$4,874$3,380$1,207
30 years$12,824$9,193$6,465$4,473$3,054$1,044
31 years$12,276$8,691$6,027$4,108$2,761$903
32 years$11,763$8,223$5,623$3,775$2,498$781
33 years$11,282$7,788$5,250$3,472$2,260$676
34 years$10,831$7,381$4,906$3,194$2,047$585
35 years$10,406$7,001$4,586$2,940$1,854$506
36 years$10,006$6,645$4,291$2,708$1,679$438
37 years$9,628$6,311$4,016$2,495$1,522$380
38 years$9,271$5,998$3,761$2,300$1,380$329
39 years$8,933$5,703$3,523$2,121$1,251$285
40 years$8,613$5,426$3,302$1,956$1,135$247
41 years$8,309$5,165$3,097$1,805$1,030$214
42 years$8,021$4,919$2,905$1,665$934$185
43 years$7,746$4,687$2,726$1,537$848$160
44 years$7,485$4,468$2,559$1,419$770$139
45 years$7,236$4,260$2,402$1,311$699$120
46 years$6,999$4,064$2,256$1,211$634$104
47 years$6,773$3,878$2,120$1,119$576$90
48 years$6,556$3,702$1,992$1,034$523$78
49 years$6,349$3,536$1,872$955$475$68
50 years$6,151$3,377$1,760$883$432$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,300,000, adding $2,819 every year, while hoping to spend $50,043 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: 64/10/26 Blend
62$6,300,000$6,300,000$6,300,000$6,300,000
63$6,945,508$6,611,608$6,513,958$7,342,222
64$7,600,704$6,882,331$6,678,930$7,881,477
65$8,321,053$7,164,643$6,847,752$8,464,636
66$9,113,148$7,459,058$7,020,499$9,100,724
67$9,984,252$7,766,114$7,197,248$9,794,941
68$10,942,368$8,086,376$7,378,078$10,553,013
69$11,996,313$8,420,432$7,563,067$11,381,239
70$13,155,801$8,768,897$7,752,294$12,286,559
71$14,431,537$9,132,418$7,945,841$13,276,611
72$15,835,315$9,511,667$8,143,787$14,359,805
73$17,380,128$9,907,350$8,346,215$15,545,402
74$19,080,295$10,320,203$8,553,206$16,843,600
75$20,951,591$10,751,000$8,764,845$18,265,628
76$23,011,401$11,200,546$8,981,215$19,823,855
77$25,278,878$11,669,687$9,202,400$21,531,901
78$27,775,128$12,159,306$9,428,484$23,404,766
79$30,523,405$12,670,327$9,659,553$25,458,972
80$33,549,337$13,203,717$9,895,692$27,712,717
81$36,881,158$13,760,488$10,136,987$30,186,045
82$40,549,984$14,341,699$10,383,524$32,901,035
83$44,590,099$14,948,459$10,635,388$35,882,005
84$49,039,282$15,581,926$10,892,667$39,155,748
85$53,939,162$16,243,315$11,155,445$42,751,773
86$59,335,614$16,933,894$11,423,810$46,702,590
87$65,279,186$17,654,994$11,697,846$51,044,014
88$71,825,579$18,408,005$11,977,640$55,815,498
89$79,036,173$19,194,383$12,263,277$61,060,509
90$86,978,606$20,015,651$12,554,840$66,826,932
91$95,727,411$20,873,405$12,852,414$73,167,525
92$105,364,719$21,769,314$13,156,082$80,140,411
93$115,981,036$22,705,125$13,465,926$87,809,627
94$127,676,094$23,682,669$13,782,026$96,245,726
95$140,559,795$24,703,859$14,104,464$105,526,443
96$154,753,246$25,770,701$14,433,316$115,737,425
97$170,389,905$26,885,293$14,768,660$126,973,036
98$187,616,836$28,049,833$15,110,571$139,337,249
99$206,596,100$29,266,621$15,459,121$152,944,623
100$227,506,282$30,538,065$15,814,381$167,921,385