Can I retire at age 63 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$421,153$417,402$413,742$410,169$406,681$401,267
2 years$208,492$204,609$200,846$197,197$193,658$188,211
3 years$137,614$133,714$129,960$126,346$122,864$117,555
4 years$102,182$98,294$94,578$91,025$87,628$82,497
5 years$80,928$77,064$73,396$69,916$66,613$61,676
6 years$66,764$62,928$59,315$55,912$52,709$47,971
7 years$56,650$52,847$49,291$45,969$42,866$38,329
8 years$49,068$45,300$41,803$38,562$35,562$31,225
9 years$43,175$39,442$36,005$32,846$29,948$25,810
10 years$38,462$34,766$31,390$28,314$25,517$21,574
11 years$34,610$30,950$27,635$24,641$21,946$18,194
12 years$31,401$27,779$24,525$21,614$19,018$15,454
13 years$28,688$25,104$21,912$19,082$16,584$13,202
14 years$26,365$22,819$19,688$16,939$14,537$11,334
15 years$24,353$20,846$17,775$15,106$12,800$9,768
16 years$22,595$19,125$16,116$13,526$11,312$8,448
17 years$21,045$17,614$14,665$12,153$10,030$7,326
18 years$19,669$16,276$13,387$10,952$8,919$6,369
19 years$18,439$15,084$12,255$9,896$7,949$5,549
20 years$17,333$14,017$11,247$8,963$7,101$4,843
21 years$16,334$13,056$10,345$8,135$6,354$4,233
22 years$15,427$12,188$9,535$7,396$5,696$3,705
23 years$14,601$11,399$8,804$6,736$5,113$3,246
24 years$13,844$10,680$8,142$6,144$4,595$2,847
25 years$13,149$10,023$7,541$5,611$4,135$2,500
26 years$12,508$9,420$6,994$5,130$3,725$2,196
27 years$11,916$8,865$6,495$4,696$3,358$1,931
28 years$11,367$8,353$6,038$4,302$3,030$1,698
29 years$10,857$7,881$5,618$3,945$2,736$1,495
30 years$10,381$7,442$5,233$3,621$2,472$1,316
31 years$9,938$7,035$4,879$3,325$2,235$1,159
32 years$9,523$6,657$4,552$3,056$2,022$1,021
33 years$9,133$6,304$4,250$2,810$1,830$900
34 years$8,768$5,975$3,971$2,586$1,657$794
35 years$8,424$5,667$3,713$2,380$1,501$700
36 years$8,100$5,379$3,473$2,192$1,360$617
37 years$7,794$5,109$3,251$2,020$1,232$545
38 years$7,505$4,855$3,044$1,862$1,117$481
39 years$7,232$4,617$2,852$1,717$1,013$424
40 years$6,973$4,393$2,673$1,583$919$374
41 years$6,727$4,181$2,507$1,461$834$330
42 years$6,493$3,982$2,351$1,348$756$292
43 years$6,271$3,794$2,207$1,245$686$257
44 years$6,060$3,617$2,071$1,149$623$227
45 years$5,858$3,449$1,945$1,061$566$201
46 years$5,666$3,290$1,827$980$514$177
47 years$5,483$3,140$1,716$906$466$156
48 years$5,307$2,997$1,613$837$424$138
49 years$5,140$2,862$1,516$773$385$122
50 years$4,979$2,734$1,425$715$349$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $5,100,000, adding $6,805 every year, while hoping to spend $44,869 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: 66/22/12 Blend
62$5,100,000$5,100,000$5,100,000$5,100,000
63$5,627,219$5,356,919$5,277,869$5,983,044
64$6,153,455$5,571,668$5,406,938$6,435,850
65$6,731,864$5,795,436$5,538,826$6,924,659
66$7,367,719$6,028,617$5,673,581$7,457,782
67$8,066,831$6,271,624$5,811,251$8,039,547
68$8,835,602$6,524,888$5,951,882$8,674,714
69$9,681,085$6,788,859$6,095,522$9,368,524
70$10,611,051$7,064,009$6,242,218$10,126,744
71$11,634,063$7,350,829$6,392,016$10,955,720
72$12,759,553$7,649,836$6,544,965$11,862,438
73$13,997,916$7,961,566$6,701,110$12,854,589
74$15,360,604$8,286,584$6,860,497$13,940,637
75$16,860,235$8,625,476$7,023,174$15,129,902
76$18,510,714$8,978,859$7,189,185$16,432,645
77$20,327,360$9,347,376$7,358,576$17,860,161
78$22,327,053$9,731,700$7,531,390$19,424,889
79$24,528,393$10,132,534$7,707,673$21,140,525
80$26,951,875$10,550,614$7,887,466$23,022,152
81$29,620,083$10,986,711$8,070,812$25,086,376
82$32,557,899$11,441,628$8,257,753$27,351,488
83$35,792,745$11,916,208$8,448,327$29,837,631
84$39,354,835$12,411,331$8,642,576$32,566,988
85$43,277,461$12,927,920$8,840,535$35,563,991
86$47,597,311$13,466,936$9,042,242$38,855,551
87$52,354,810$14,029,390$9,247,730$42,471,307
88$57,594,505$14,616,334$9,457,034$46,443,907
89$63,365,483$15,228,874$9,670,183$50,809,312
90$69,721,836$15,868,162$9,887,208$55,607,133
91$76,723,169$16,535,408$10,108,135$60,881,005
92$84,435,163$17,231,874$10,332,989$66,678,995
93$92,930,197$17,958,883$10,561,791$73,054,053
94$102,288,028$18,717,819$10,794,562$80,064,509
95$112,596,545$19,510,130$11,031,318$87,774,625
96$123,952,597$20,337,331$11,272,071$96,255,191
97$136,462,910$21,201,008$11,516,833$105,584,200
98$150,245,089$22,102,820$11,765,610$115,847,572
99$165,428,734$23,044,504$12,018,404$127,139,968
100$182,156,659$24,027,878$12,275,214$139,565,680