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

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 $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%11.6%
1 years$412,895$409,217$405,629$402,127$398,707$396,028
2 years$204,404$200,597$196,907$193,330$189,860$187,159
3 years$134,915$131,092$127,412$123,869$120,455$117,815
4 years$100,178$96,367$92,723$89,240$85,910$83,350
5 years$79,341$75,553$71,957$68,545$65,307$62,836
6 years$65,455$61,694$58,152$54,816$51,675$49,296
7 years$55,539$51,811$48,325$45,067$42,026$39,740
8 years$48,106$44,411$40,983$37,806$34,865$32,671
9 years$42,328$38,668$35,299$32,202$29,361$27,260
10 years$37,708$34,084$30,774$27,759$25,017$23,008
11 years$33,931$30,343$27,093$24,158$21,515$19,596
12 years$30,785$27,234$24,044$21,190$18,645$16,814
13 years$28,126$24,612$21,482$18,708$16,259$14,514
14 years$25,848$22,371$19,302$16,607$14,252$12,592
15 years$23,876$20,437$17,427$14,810$12,549$10,970
16 years$22,152$18,750$15,800$13,261$11,091$9,592
17 years$20,632$17,268$14,377$11,915$9,834$8,412
18 years$19,283$15,957$13,125$10,738$8,744$7,397
19 years$18,077$14,789$12,015$9,702$7,793$6,519
20 years$16,993$13,742$11,027$8,787$6,961$5,757
21 years$16,014$12,800$10,143$7,975$6,230$5,092
22 years$15,125$11,949$9,348$7,251$5,584$4,511
23 years$14,314$11,175$8,631$6,604$5,012$4,001
24 years$13,572$10,471$7,982$6,023$4,505$3,553
25 years$12,891$9,826$7,393$5,501$4,054$3,158
26 years$12,263$9,235$6,857$5,029$3,652$2,810
27 years$11,682$8,691$6,367$4,604$3,292$2,502
28 years$11,144$8,190$5,919$4,218$2,971$2,229
29 years$10,644$7,726$5,508$3,868$2,683$1,988
30 years$10,178$7,296$5,131$3,550$2,424$1,773
31 years$9,743$6,898$4,783$3,260$2,191$1,582
32 years$9,336$6,526$4,463$2,996$1,982$1,413
33 years$8,954$6,181$4,167$2,755$1,794$1,262
34 years$8,596$5,858$3,893$2,535$1,624$1,128
35 years$8,259$5,556$3,640$2,334$1,471$1,008
36 years$7,941$5,274$3,405$2,149$1,333$901
37 years$7,641$5,009$3,187$1,980$1,208$806
38 years$7,358$4,760$2,985$1,825$1,095$721
39 years$7,090$4,526$2,796$1,683$993$645
40 years$6,836$4,306$2,621$1,552$901$577
41 years$6,595$4,099$2,458$1,432$817$516
42 years$6,366$3,904$2,305$1,322$742$462
43 years$6,148$3,720$2,163$1,220$673$414
44 years$5,941$3,546$2,031$1,127$611$370
45 years$5,743$3,381$1,907$1,040$555$331
46 years$5,555$3,225$1,791$961$504$297
47 years$5,375$3,078$1,682$888$457$266
48 years$5,203$2,938$1,581$820$415$238
49 years$5,039$2,806$1,486$758$377$213
50 years$4,882$2,680$1,397$701$343$191

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 $2,214 every year, while hoping to spend $55,956 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: 56/22/22 Blend
62$5,000,000$5,000,000$5,000,000$5,000,000
63$5,512,284$5,247,284$5,169,784$5,787,991
64$6,015,000$5,444,864$5,283,435$6,174,318
65$6,567,118$5,650,250$5,399,018$6,588,862
66$7,173,617$5,863,766$5,516,538$7,039,286
67$7,839,984$6,085,748$5,636,000$7,529,056
68$8,572,262$6,316,549$5,757,406$8,061,982
69$9,377,109$6,556,537$5,880,755$8,642,260
70$10,261,861$6,806,094$6,006,047$9,274,503
71$11,234,598$7,065,620$6,133,277$9,963,790
72$12,304,225$7,335,533$6,262,440$10,715,712
73$13,480,550$7,616,268$6,393,525$11,536,419
74$14,774,381$7,908,280$6,526,523$12,432,685
75$16,197,625$8,212,043$6,661,419$13,411,964
76$17,763,402$8,528,052$6,798,196$14,482,462
77$19,486,168$8,856,825$6,936,834$15,653,216
78$21,381,848$9,198,902$7,077,310$16,934,175
79$23,467,994$9,554,844$7,219,596$18,336,291
80$25,763,939$9,925,242$7,363,663$19,871,626
81$28,290,991$10,310,709$7,509,476$21,553,464
82$31,072,625$10,711,886$7,656,996$23,396,430
83$34,134,708$11,129,444$7,806,180$25,416,633
84$37,505,742$11,564,081$7,956,982$27,631,814
85$41,217,135$12,016,528$8,109,348$30,061,510
86$45,303,493$12,487,548$8,263,221$32,727,242
87$49,802,949$12,977,937$8,418,538$35,652,712
88$54,757,522$13,488,529$8,575,232$38,864,028
89$60,213,514$14,020,191$8,733,227$42,389,948
90$66,221,944$14,573,833$8,892,442$46,262,147
91$72,839,035$15,150,403$9,052,791$50,515,521
92$80,126,735$15,750,892$9,214,179$55,188,509
93$88,153,312$16,376,335$9,376,504$60,323,454
94$96,993,990$17,027,816$9,539,657$65,967,005
95$106,731,662$17,706,464$9,703,520$72,170,551
96$117,457,671$18,413,460$9,867,967$78,990,706
97$129,272,674$19,150,040$10,032,864$86,489,842
98$142,287,587$19,917,493$10,198,066$94,736,673
99$156,624,639$20,717,168$10,363,420$103,806,905
100$172,418,518$21,550,474$10,528,759$113,783,945