Can I retire at age 63 with 5,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$412,895$409,217$405,629$402,127$398,707$393,725
2 years$204,404$200,597$196,907$193,330$189,860$184,847
3 years$134,915$131,092$127,412$123,869$120,455$115,567
4 years$100,178$96,367$92,723$89,240$85,910$81,184
5 years$79,341$75,553$71,957$68,545$65,307$60,757
6 years$65,455$61,694$58,152$54,816$51,675$47,307
7 years$55,539$51,811$48,325$45,067$42,026$37,841
8 years$48,106$44,411$40,983$37,806$34,865$30,863
9 years$42,328$38,668$35,299$32,202$29,361$25,540
10 years$37,708$34,084$30,774$27,759$25,017$21,375
11 years$33,931$30,343$27,093$24,158$21,515$18,049
12 years$30,785$27,234$24,044$21,190$18,645$15,350
13 years$28,126$24,612$21,482$18,708$16,259$13,131
14 years$25,848$22,371$19,302$16,607$14,252$11,287
15 years$23,876$20,437$17,427$14,810$12,549$9,741
16 years$22,152$18,750$15,800$13,261$11,091$8,436
17 years$20,632$17,268$14,377$11,915$9,834$7,327
18 years$19,283$15,957$13,125$10,738$8,744$6,379
19 years$18,077$14,789$12,015$9,702$7,793$5,565
20 years$16,993$13,742$11,027$8,787$6,961$4,864
21 years$16,014$12,800$10,143$7,975$6,230$4,258
22 years$15,125$11,949$9,348$7,251$5,584$3,732
23 years$14,314$11,175$8,631$6,604$5,012$3,275
24 years$13,572$10,471$7,982$6,023$4,505$2,877
25 years$12,891$9,826$7,393$5,501$4,054$2,530
26 years$12,263$9,235$6,857$5,029$3,652$2,226
27 years$11,682$8,691$6,367$4,604$3,292$1,960
28 years$11,144$8,190$5,919$4,218$2,971$1,727
29 years$10,644$7,726$5,508$3,868$2,683$1,523
30 years$10,178$7,296$5,131$3,550$2,424$1,343
31 years$9,743$6,898$4,783$3,260$2,191$1,185
32 years$9,336$6,526$4,463$2,996$1,982$1,046
33 years$8,954$6,181$4,167$2,755$1,794$923
34 years$8,596$5,858$3,893$2,535$1,624$815
35 years$8,259$5,556$3,640$2,334$1,471$720
36 years$7,941$5,274$3,405$2,149$1,333$636
37 years$7,641$5,009$3,187$1,980$1,208$562
38 years$7,358$4,760$2,985$1,825$1,095$497
39 years$7,090$4,526$2,796$1,683$993$439
40 years$6,836$4,306$2,621$1,552$901$388
41 years$6,595$4,099$2,458$1,432$817$343
42 years$6,366$3,904$2,305$1,322$742$304
43 years$6,148$3,720$2,163$1,220$673$269
44 years$5,941$3,546$2,031$1,127$611$238
45 years$5,743$3,381$1,907$1,040$555$210
46 years$5,555$3,225$1,791$961$504$186
47 years$5,375$3,078$1,682$888$457$164
48 years$5,203$2,938$1,581$820$415$145
49 years$5,039$2,806$1,486$758$377$129
50 years$4,882$2,680$1,397$701$343$114

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $5,000,000, adding $2,952 every year, while hoping to spend $44,942 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: 51/35/14 Blend
62$5,000,000$5,000,000$5,000,000$5,000,000
63$5,513,045$5,248,045$5,170,545$5,773,163
64$6,027,558$5,457,381$5,295,940$6,161,087
65$6,593,044$5,675,469$5,424,030$6,577,617
66$7,214,657$5,902,689$5,554,857$7,029,444
67$7,898,071$6,139,440$5,688,464$7,519,910
68$8,649,541$6,386,139$5,824,894$8,052,688
69$9,475,955$6,643,221$5,964,189$8,631,818
70$10,384,905$6,911,141$6,106,392$9,261,737
71$11,384,753$7,190,374$6,251,544$9,947,329
72$12,484,714$7,481,419$6,399,687$10,693,959
73$13,694,941$7,784,794$6,550,862$11,507,531
74$15,026,619$8,101,044$6,705,111$12,394,537
75$16,492,075$8,430,736$6,862,473$13,362,120
76$18,104,889$8,774,464$7,022,987$14,418,134
77$19,880,024$9,132,849$7,186,694$15,571,225
78$21,833,969$9,506,541$7,353,631$16,830,903
79$23,984,891$9,896,219$7,523,834$18,207,633
80$26,352,808$10,302,592$7,697,342$19,712,932
81$28,959,779$10,726,404$7,874,187$21,359,474
82$31,830,109$11,168,430$8,054,405$23,161,211
83$34,990,581$11,629,484$8,238,028$25,133,498
84$38,470,705$12,110,413$8,425,086$27,293,237
85$42,303,001$12,612,107$8,615,611$29,659,035
86$46,523,302$13,135,496$8,809,629$32,251,376
87$51,171,094$13,681,550$9,007,166$35,092,814
88$56,289,887$14,251,287$9,208,248$38,208,178
89$61,927,625$14,845,770$9,412,894$41,624,809
90$68,137,143$15,466,113$9,621,126$45,372,811
91$74,976,657$16,113,478$9,832,959$49,485,335
92$82,510,322$16,789,085$10,048,410$53,998,885
93$90,808,832$17,494,206$10,267,488$58,953,662
94$99,950,086$18,230,176$10,490,203$64,393,939
95$110,019,930$18,998,390$10,716,559$70,368,476
96$121,112,958$19,800,306$10,946,559$76,930,973
97$133,333,411$20,637,452$11,180,200$84,140,576
98$146,796,158$21,511,427$11,417,476$92,062,430
99$161,627,783$22,423,903$11,658,378$100,768,291
100$177,967,773$23,376,631$11,902,890$110,337,193