Can I retire at age 63 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$536,764$531,983$527,318$522,765$518,319$509,732
2 years$265,725$260,776$255,980$251,329$246,819$238,193
3 years$175,390$170,420$165,636$161,029$156,592$148,195
4 years$130,232$125,277$120,540$116,012$111,683$103,580
5 years$103,144$98,218$93,544$89,109$84,899$77,114
6 years$85,091$80,203$75,598$71,261$67,178$59,719
7 years$72,201$67,354$62,822$58,588$54,634$47,503
8 years$62,538$57,735$53,278$49,148$45,324$38,520
9 years$55,027$50,269$45,888$41,863$38,169$31,689
10 years$49,021$44,309$40,007$36,086$32,522$26,360
11 years$44,110$39,446$35,221$31,406$27,970$22,119
12 years$40,021$35,405$31,258$27,547$24,238$18,692
13 years$36,563$31,995$27,927$24,320$21,136$15,885
14 years$33,602$29,083$25,092$21,589$18,528$13,564
15 years$31,039$26,568$22,655$19,253$16,313$11,626
16 years$28,797$24,375$20,540$17,239$14,418$9,999
17 years$26,822$22,449$18,691$15,489$12,784$8,622
18 years$25,068$20,744$17,062$13,959$11,367$7,453
19 years$23,500$19,225$15,620$12,613$10,132$6,455
20 years$22,091$17,865$14,335$11,424$9,050$5,600
21 years$20,818$16,640$13,185$10,368$8,098$4,865
22 years$19,662$15,533$12,152$9,427$7,259$4,232
23 years$18,609$14,528$11,221$8,585$6,516$3,686
24 years$17,644$13,612$10,377$7,830$5,857$3,213
25 years$16,758$12,774$9,611$7,151$5,270$2,803
26 years$15,941$12,005$8,914$6,538$4,747$2,447
27 years$15,187$11,299$8,277$5,985$4,280$2,137
28 years$14,487$10,647$7,695$5,483$3,862$1,868
29 years$13,837$10,044$7,161$5,028$3,487$1,633
30 years$13,231$9,485$6,670$4,615$3,151$1,429
31 years$12,666$8,967$6,218$4,238$2,849$1,250
32 years$12,137$8,484$5,802$3,895$2,577$1,094
33 years$11,641$8,035$5,417$3,582$2,332$958
34 years$11,175$7,615$5,061$3,296$2,111$839
35 years$10,736$7,223$4,732$3,034$1,912$735
36 years$10,324$6,856$4,427$2,794$1,733$644
37 years$9,934$6,511$4,143$2,574$1,570$564
38 years$9,565$6,188$3,880$2,373$1,424$494
39 years$9,217$5,884$3,635$2,188$1,291$433
40 years$8,887$5,598$3,407$2,018$1,171$380
41 years$8,573$5,329$3,195$1,862$1,062$333
42 years$8,275$5,075$2,997$1,718$964$292
43 years$7,992$4,836$2,812$1,586$875$256
44 years$7,723$4,609$2,640$1,465$794$224
45 years$7,466$4,395$2,479$1,353$721$197
46 years$7,221$4,193$2,328$1,249$655$173
47 years$6,988$4,002$2,187$1,154$594$151
48 years$6,764$3,820$2,055$1,067$540$133
49 years$6,551$3,648$1,932$986$490$116
50 years$6,346$3,485$1,816$911$445$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,500,000, adding $4,288 every year, while hoping to spend $43,265 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: 52/35/13 Blend
62$6,500,000$6,500,000$6,500,000$6,500,000
63$7,167,423$6,822,923$6,722,173$7,515,084
64$7,852,467$7,111,213$6,901,332$8,041,319
65$8,605,935$7,412,178$7,085,043$8,608,377
66$9,434,760$7,726,396$7,273,413$9,224,112
67$10,346,584$8,054,467$7,466,550$9,893,138
68$11,349,822$8,397,022$7,664,565$10,620,526
69$12,453,748$8,754,721$7,867,573$11,411,846
70$13,668,582$9,128,254$8,075,688$12,273,225
71$15,005,582$9,518,343$8,289,029$13,211,394
72$16,477,154$9,925,745$8,507,714$14,233,757
73$18,096,969$10,351,251$8,731,867$15,348,455
74$19,880,087$10,795,690$8,961,613$16,564,440
75$21,843,107$11,259,929$9,197,077$17,891,557
76$24,004,314$11,744,877$9,438,390$19,340,637
77$26,383,861$12,251,482$9,685,683$20,923,595
78$29,003,952$12,780,742$9,939,090$22,653,538
79$31,889,054$13,333,697$10,198,748$24,544,887
80$35,066,127$13,911,437$10,464,796$26,613,511
81$38,564,879$14,515,105$10,737,374$28,876,873
82$42,418,048$15,145,896$11,016,627$31,354,190
83$46,661,705$15,805,062$11,302,700$34,066,612
84$51,335,602$16,493,913$11,595,744$37,037,420
85$56,483,540$17,213,821$11,895,908$40,292,238
86$62,153,786$17,966,223$12,203,346$43,859,274
87$68,399,528$18,752,624$12,518,214$47,769,579
88$75,279,377$19,574,600$12,840,671$52,057,341
89$82,857,919$20,433,800$13,170,878$56,760,196
90$91,206,322$21,331,953$13,508,999$61,919,585
91$100,403,015$22,270,867$13,855,199$67,581,136
92$110,534,421$23,252,437$14,209,646$73,795,092
93$121,695,775$24,278,649$14,572,512$80,616,778
94$133,992,022$25,351,581$14,943,969$88,107,119
95$147,538,810$26,473,410$15,324,194$96,333,209
96$162,463,577$27,646,416$15,713,363$105,368,937
97$178,906,759$28,872,987$16,111,657$115,295,678
98$197,023,110$30,155,625$16,519,260$126,203,056
99$216,983,166$31,496,950$16,936,354$138,189,783
100$238,974,855$32,899,706$17,363,128$151,364,582