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%13.9%
1 years$421,153$417,402$413,742$410,169$406,681$400,109
2 years$208,492$204,609$200,846$197,197$193,658$187,054
3 years$137,614$133,714$129,960$126,346$122,864$116,435
4 years$102,182$98,294$94,578$91,025$87,628$81,423
5 years$80,928$77,064$73,396$69,916$66,613$60,650
6 years$66,764$62,928$59,315$55,912$52,709$46,994
7 years$56,650$52,847$49,291$45,969$42,866$37,402
8 years$49,068$45,300$41,803$38,562$35,562$30,347
9 years$43,175$39,442$36,005$32,846$29,948$24,980
10 years$38,462$34,766$31,390$28,314$25,517$20,792
11 years$34,610$30,950$27,635$24,641$21,946$17,458
12 years$31,401$27,779$24,525$21,614$19,018$14,762
13 years$28,688$25,104$21,912$19,082$16,584$12,554
14 years$26,365$22,819$19,688$16,939$14,537$10,726
15 years$24,353$20,846$17,775$15,106$12,800$9,201
16 years$22,595$19,125$16,116$13,526$11,312$7,918
17 years$21,045$17,614$14,665$12,153$10,030$6,833
18 years$19,669$16,276$13,387$10,952$8,919$5,911
19 years$18,439$15,084$12,255$9,896$7,949$5,123
20 years$17,333$14,017$11,247$8,963$7,101$4,448
21 years$16,334$13,056$10,345$8,135$6,354$3,867
22 years$15,427$12,188$9,535$7,396$5,696$3,367
23 years$14,601$11,399$8,804$6,736$5,113$2,934
24 years$13,844$10,680$8,142$6,144$4,595$2,560
25 years$13,149$10,023$7,541$5,611$4,135$2,235
26 years$12,508$9,420$6,994$5,130$3,725$1,952
27 years$11,916$8,865$6,495$4,696$3,358$1,707
28 years$11,367$8,353$6,038$4,302$3,030$1,493
29 years$10,857$7,881$5,618$3,945$2,736$1,306
30 years$10,381$7,442$5,233$3,621$2,472$1,144
31 years$9,938$7,035$4,879$3,325$2,235$1,002
32 years$9,523$6,657$4,552$3,056$2,022$877
33 years$9,133$6,304$4,250$2,810$1,830$769
34 years$8,768$5,975$3,971$2,586$1,657$674
35 years$8,424$5,667$3,713$2,380$1,501$591
36 years$8,100$5,379$3,473$2,192$1,360$518
37 years$7,794$5,109$3,251$2,020$1,232$454
38 years$7,505$4,855$3,044$1,862$1,117$398
39 years$7,232$4,617$2,852$1,717$1,013$350
40 years$6,973$4,393$2,673$1,583$919$307
41 years$6,727$4,181$2,507$1,461$834$269
42 years$6,493$3,982$2,351$1,348$756$236
43 years$6,271$3,794$2,207$1,245$686$207
44 years$6,060$3,617$2,071$1,149$623$182
45 years$5,858$3,449$1,945$1,061$566$160
46 years$5,666$3,290$1,827$980$514$140
47 years$5,483$3,140$1,716$906$466$123
48 years$5,307$2,997$1,613$837$424$108
49 years$5,140$2,862$1,516$773$385$95
50 years$4,979$2,734$1,425$715$349$83

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 $6,706 every year, while hoping to spend $48,018 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: 69/24/7 Blend
62$5,100,000$5,100,000$5,100,000$5,100,000
63$5,627,117$5,356,817$5,277,767$6,008,615
64$6,149,992$5,568,211$5,403,482$6,473,415
65$6,724,592$5,788,353$5,531,798$6,975,171
66$7,356,140$6,017,622$5,662,753$7,522,722
67$8,050,393$6,256,413$5,796,383$8,120,549
68$8,813,695$6,505,138$5,932,723$8,773,580
69$9,653,031$6,764,229$6,071,808$9,487,239
70$10,576,100$7,034,136$6,213,674$10,267,496
71$11,591,383$7,315,330$6,358,353$11,120,922
72$12,708,226$7,608,303$6,505,880$12,054,747
73$13,936,925$7,913,570$6,656,286$13,076,934
74$15,288,823$8,231,666$6,809,604$14,196,246
75$16,776,420$8,563,155$6,965,863$15,422,331
76$18,413,488$8,908,623$7,125,093$16,765,811
77$20,215,203$9,268,684$7,287,322$18,238,381
78$22,198,283$9,643,980$7,452,577$19,852,919
79$24,381,154$10,035,180$7,620,884$21,623,605
80$26,784,115$10,442,987$7,792,266$23,566,053
81$29,429,534$10,868,133$7,966,747$25,697,458
82$32,342,059$11,311,385$8,144,346$28,036,755
83$35,548,850$11,773,543$8,325,082$30,604,800
84$39,079,831$12,255,446$8,508,971$33,424,561
85$42,967,981$12,757,969$8,696,029$36,521,333
86$47,249,635$13,282,030$8,886,265$39,922,978
87$51,964,834$13,828,585$9,079,691$43,660,184
88$57,157,698$14,398,637$9,276,312$47,766,752
89$62,876,847$14,993,234$9,476,133$52,279,917
90$69,175,855$15,613,472$9,679,152$57,240,690
91$76,113,757$16,260,497$9,885,369$62,694,250
92$83,755,607$16,935,508$10,094,775$68,690,364
93$92,173,090$17,639,759$10,307,362$75,283,856
94$101,445,200$18,374,562$10,523,113$82,535,120
95$111,658,985$19,141,291$10,742,012$90,510,691
96$122,910,367$19,941,379$10,964,035$99,283,865
97$135,305,049$20,776,331$11,189,154$108,935,393
98$148,959,509$21,647,716$11,417,336$119,554,238
99$164,002,104$22,557,180$11,648,542$131,238,410
100$180,574,279$23,506,442$11,882,729$144,095,891