Can I retire at age 63 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$553,280$548,351$543,543$538,850$534,267$514,697
2 years$273,901$268,800$263,856$259,063$254,413$234,914
3 years$180,787$175,664$170,732$165,984$161,410$142,596
4 years$134,239$129,131$124,249$119,582$115,119$97,133
5 years$106,317$101,241$96,423$91,850$87,512$70,401
6 years$87,709$82,671$77,924$73,454$69,245$53,021
7 years$74,423$69,427$64,755$60,390$56,315$40,974
8 years$64,463$59,511$54,917$50,660$46,718$32,248
9 years$56,720$51,815$47,300$43,151$39,344$25,723
10 years$50,529$45,673$41,238$37,197$33,523$20,728
11 years$45,467$40,660$36,305$32,372$28,831$16,835
12 years$41,252$36,494$32,220$28,395$24,984$13,757
13 years$37,689$32,980$28,786$25,068$21,787$11,297
14 years$34,636$29,978$25,864$22,253$19,098$9,314
15 years$31,994$27,385$23,352$19,846$16,815$7,703
16 years$29,684$25,125$21,172$17,770$14,862$6,388
17 years$27,647$23,140$19,266$15,966$13,177$5,308
18 years$25,839$21,382$17,587$14,388$11,717$4,418
19 years$24,224$19,817$16,100$13,001$10,443$3,683
20 years$22,771$18,415$14,776$11,775$9,328$3,074
21 years$21,459$17,152$13,591$10,687$8,348$2,568
22 years$20,267$16,011$12,526$9,717$7,482$2,147
23 years$19,181$14,975$11,566$8,849$6,717$1,797
24 years$18,187$14,031$10,696$8,071$6,037$1,504
25 years$17,274$13,167$9,907$7,371$5,432$1,260
26 years$16,432$12,375$9,188$6,739$4,893$1,056
27 years$15,654$11,646$8,532$6,169$4,412$885
28 years$14,933$10,974$7,932$5,652$3,981$742
29 years$14,263$10,353$7,381$5,183$3,595$622
30 years$13,638$9,777$6,875$4,757$3,248$522
31 years$13,055$9,243$6,410$4,369$2,936$438
32 years$12,510$8,745$5,980$4,015$2,656$367
33 years$11,999$8,282$5,584$3,692$2,404$308
34 years$11,519$7,850$5,217$3,397$2,176$259
35 years$11,067$7,445$4,878$3,127$1,971$217
36 years$10,641$7,067$4,563$2,880$1,786$182
37 years$10,239$6,712$4,271$2,654$1,619$153
38 years$9,860$6,378$3,999$2,446$1,468$128
39 years$9,500$6,065$3,747$2,255$1,331$108
40 years$9,160$5,771$3,512$2,080$1,207$90
41 years$8,837$5,493$3,293$1,919$1,095$76
42 years$8,530$5,231$3,089$1,771$994$64
43 years$8,238$4,984$2,899$1,635$902$54
44 years$7,961$4,751$2,721$1,510$819$45
45 years$7,696$4,531$2,555$1,394$743$38
46 years$7,444$4,322$2,400$1,288$675$32
47 years$7,203$4,125$2,254$1,190$613$27
48 years$6,972$3,938$2,119$1,099$556$22
49 years$6,752$3,760$1,991$1,016$505$19
50 years$6,542$3,592$1,872$939$459$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $6,700,000, adding $2,400 every year, while hoping to spend $42,942 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: 77/13/10 Blend
62$6,700,000$6,700,000$6,700,000$6,700,000
63$7,385,876$7,030,776$6,926,926$7,941,677
64$8,093,545$7,329,594$7,113,288$8,606,424
65$8,871,957$7,641,615$7,304,454$9,329,373
66$9,728,283$7,967,440$7,500,539$10,120,829
67$10,670,423$8,307,699$7,701,662$10,987,594
68$11,707,082$8,663,052$7,907,943$11,937,158
69$12,847,850$9,034,188$8,119,505$12,977,767
70$14,103,296$9,421,828$8,336,474$14,118,497
71$15,485,064$9,826,729$8,558,978$15,369,348
72$17,005,984$10,249,683$8,787,147$16,741,327
73$18,680,193$10,691,516$9,021,115$18,246,557
74$20,523,269$11,153,097$9,261,019$19,898,388
75$22,552,377$11,635,333$9,506,997$21,711,524
76$24,786,429$12,139,173$9,759,191$23,702,158
77$27,246,266$12,665,614$10,017,745$25,888,125
78$29,954,852$13,215,697$10,282,807$28,289,068
79$32,937,493$13,790,511$10,554,527$30,926,624
80$36,222,071$14,391,200$10,833,057$33,824,624
81$39,839,312$15,018,959$11,118,554$37,009,320
82$43,823,073$15,675,039$11,411,178$40,509,628
83$48,210,663$16,360,753$11,711,088$44,357,402
84$53,043,192$17,077,471$12,018,451$48,587,731
85$58,365,964$17,826,633$12,333,435$53,239,268
86$64,228,897$18,609,743$12,656,210$58,354,597
87$70,687,002$19,428,378$12,986,951$63,980,628
88$77,800,897$20,284,189$13,325,834$70,169,042
89$85,637,379$21,178,905$13,673,041$76,976,774
90$94,270,058$22,114,338$14,028,754$84,466,551
91$103,780,046$23,092,382$14,393,159$92,707,478
92$114,256,728$24,115,026$14,766,447$101,775,692
93$125,798,602$25,184,350$15,148,810$111,755,078
94$138,514,209$26,302,533$15,540,445$122,738,053
95$152,523,158$27,471,857$15,941,550$134,826,444
96$167,957,256$28,694,714$16,352,328$148,132,441
97$184,961,750$29,973,608$16,772,985$162,779,654
98$203,696,696$31,311,163$17,203,728$178,904,279
99$224,338,476$32,710,127$17,644,769$196,656,378
100$247,081,456$34,173,379$18,096,324$216,201,294