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

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$421,153$417,402$413,742$410,169$406,681$398,633
2 years$208,492$204,609$200,846$197,197$193,658$185,583
3 years$137,614$133,714$129,960$126,346$122,864$115,016
4 years$102,182$98,294$94,578$91,025$87,628$80,065
5 years$80,928$77,064$73,396$69,916$66,613$59,358
6 years$66,764$62,928$59,315$55,912$52,709$45,769
7 years$56,650$52,847$49,291$45,969$42,866$36,244
8 years$49,068$45,300$41,803$38,562$35,562$29,254
9 years$43,175$39,442$36,005$32,846$29,948$23,952
10 years$38,462$34,766$31,390$28,314$25,517$19,826
11 years$34,610$30,950$27,635$24,641$21,946$16,553
12 years$31,401$27,779$24,525$21,614$19,018$13,916
13 years$28,688$25,104$21,912$19,082$16,584$11,764
14 years$26,365$22,819$19,688$16,939$14,537$9,991
15 years$24,353$20,846$17,775$15,106$12,800$8,517
16 years$22,595$19,125$16,116$13,526$11,312$7,283
17 years$21,045$17,614$14,665$12,153$10,030$6,245
18 years$19,669$16,276$13,387$10,952$8,919$5,366
19 years$18,439$15,084$12,255$9,896$7,949$4,620
20 years$17,333$14,017$11,247$8,963$7,101$3,985
21 years$16,334$13,056$10,345$8,135$6,354$3,441
22 years$15,427$12,188$9,535$7,396$5,696$2,975
23 years$14,601$11,399$8,804$6,736$5,113$2,575
24 years$13,844$10,680$8,142$6,144$4,595$2,230
25 years$13,149$10,023$7,541$5,611$4,135$1,933
26 years$12,508$9,420$6,994$5,130$3,725$1,677
27 years$11,916$8,865$6,495$4,696$3,358$1,455
28 years$11,367$8,353$6,038$4,302$3,030$1,264
29 years$10,857$7,881$5,618$3,945$2,736$1,098
30 years$10,381$7,442$5,233$3,621$2,472$954
31 years$9,938$7,035$4,879$3,325$2,235$829
32 years$9,523$6,657$4,552$3,056$2,022$721
33 years$9,133$6,304$4,250$2,810$1,830$627
34 years$8,768$5,975$3,971$2,586$1,657$546
35 years$8,424$5,667$3,713$2,380$1,501$475
36 years$8,100$5,379$3,473$2,192$1,360$413
37 years$7,794$5,109$3,251$2,020$1,232$359
38 years$7,505$4,855$3,044$1,862$1,117$313
39 years$7,232$4,617$2,852$1,717$1,013$272
40 years$6,973$4,393$2,673$1,583$919$237
41 years$6,727$4,181$2,507$1,461$834$206
42 years$6,493$3,982$2,351$1,348$756$180
43 years$6,271$3,794$2,207$1,245$686$156
44 years$6,060$3,617$2,071$1,149$623$136
45 years$5,858$3,449$1,945$1,061$566$119
46 years$5,666$3,290$1,827$980$514$103
47 years$5,483$3,140$1,716$906$466$90
48 years$5,307$2,997$1,613$837$424$78
49 years$5,140$2,862$1,516$773$385$68
50 years$4,979$2,734$1,425$715$349$59

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 $2,056 every year, while hoping to spend $20,766 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: 26/46/28 Blend
62$5,100,000$5,100,000$5,100,000$5,100,000
63$5,622,321$5,352,021$5,272,971$5,719,240
64$6,173,703$5,592,175$5,427,520$6,039,244
65$6,780,629$5,843,401$5,586,552$6,380,429
66$7,448,745$6,106,219$5,750,192$6,746,074
67$8,184,268$6,381,174$5,918,574$7,138,262
68$8,994,050$6,668,838$6,091,833$7,559,273
69$9,885,642$6,969,810$6,270,109$8,011,598
70$10,867,363$7,284,717$6,453,544$8,497,966
71$11,948,382$7,614,216$6,642,285$9,021,363
72$13,138,800$7,958,996$6,836,485$9,585,060
73$14,449,749$8,319,778$7,036,298$10,192,639
74$15,893,495$8,697,318$7,241,885$10,848,026
75$17,483,553$9,092,409$7,453,411$11,555,523
76$19,234,819$9,505,880$7,671,043$12,319,847
77$21,163,704$9,938,601$7,894,956$13,146,172
78$23,288,293$10,391,484$8,125,329$14,040,169
79$25,628,516$10,865,484$8,362,345$15,008,065
80$28,206,334$11,361,602$8,606,192$16,056,687
81$31,045,946$11,880,886$8,857,065$17,193,532
82$34,174,019$12,424,436$9,115,164$18,426,830
83$37,619,939$12,993,404$9,380,692$19,765,614
84$41,416,088$13,588,997$9,653,861$21,219,807
85$45,598,151$14,212,479$9,934,887$22,800,306
86$50,205,449$14,865,177$10,223,992$24,519,081
87$55,281,314$15,548,480$10,521,405$26,389,285
88$60,873,498$16,263,845$10,827,362$28,425,371
89$67,034,619$17,012,798$11,142,103$30,643,220
90$73,822,663$17,796,938$11,465,876$33,060,291
91$81,301,528$18,617,942$11,798,937$35,695,775
92$89,541,631$19,477,567$12,141,548$38,570,772
93$98,620,564$20,377,656$12,493,977$41,708,479
94$108,623,839$21,320,138$12,856,502$45,134,410
95$119,645,682$22,307,036$13,229,407$48,876,621
96$131,789,934$23,340,473$13,612,984$52,965,972
97$145,171,021$24,422,670$14,007,533$57,436,409
98$159,915,042$25,555,958$14,413,362$62,325,275
99$176,160,956$26,742,780$14,830,789$67,673,655
100$194,061,892$27,985,694$15,260,140$73,526,753