Can I retire at age 63 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$429,411$425,586$421,854$418,212$414,655$404,796
2 years$212,580$208,621$204,784$201,063$197,455$187,579
3 years$140,312$136,336$132,509$128,823$125,274$115,690
4 years$104,185$100,221$96,432$92,810$89,346$80,129
5 years$82,515$78,575$74,835$71,287$67,919$59,094
6 years$68,073$64,162$60,478$57,009$53,742$45,318
7 years$57,761$53,883$50,258$46,870$43,707$35,685
8 years$50,031$46,188$42,622$39,318$36,259$28,636
9 years$44,021$40,215$36,711$33,490$30,535$23,305
10 years$39,217$35,447$32,005$28,869$26,018$19,172
11 years$35,288$31,557$28,177$25,125$22,376$15,906
12 years$32,017$28,324$25,006$22,038$19,391$13,285
13 years$29,251$25,596$22,341$19,456$16,909$11,156
14 years$26,882$23,266$20,074$17,271$14,822$9,410
15 years$24,831$21,254$18,124$15,403$13,051$7,966
16 years$23,038$19,500$16,432$13,791$11,534$6,764
17 years$21,458$17,959$14,953$12,391$10,227$5,758
18 years$20,054$16,595$13,650$11,167$9,093$4,912
19 years$18,800$15,380$12,496$10,090$8,105$4,198
20 years$17,673$14,292$11,468$9,139$7,240$3,593
21 years$16,655$13,312$10,548$8,294$6,479$3,079
22 years$15,730$12,427$9,722$7,541$5,807$2,642
23 years$14,887$11,622$8,976$6,868$5,213$2,268
24 years$14,115$10,889$8,302$6,264$4,686$1,950
25 years$13,406$10,219$7,689$5,721$4,216$1,677
26 years$12,753$9,604$7,131$5,231$3,798$1,443
27 years$12,149$9,039$6,622$4,788$3,424$1,242
28 years$11,590$8,517$6,156$4,387$3,090$1,070
29 years$11,070$8,035$5,729$4,023$2,790$922
30 years$10,585$7,588$5,336$3,692$2,521$794
31 years$10,133$7,173$4,975$3,391$2,279$685
32 years$9,709$6,787$4,641$3,116$2,062$590
33 years$9,312$6,428$4,334$2,865$1,866$509
34 years$8,940$6,092$4,049$2,636$1,689$439
35 years$8,589$5,778$3,786$2,427$1,530$379
36 years$8,259$5,484$3,541$2,235$1,386$327
37 years$7,947$5,209$3,315$2,059$1,256$282
38 years$7,652$4,950$3,104$1,898$1,139$244
39 years$7,373$4,707$2,908$1,750$1,033$210
40 years$7,109$4,479$2,726$1,614$937$181
41 years$6,859$4,263$2,556$1,489$850$157
42 years$6,620$4,060$2,398$1,375$771$135
43 years$6,394$3,869$2,250$1,269$700$117
44 years$6,178$3,688$2,112$1,172$635$101
45 years$5,973$3,516$1,983$1,082$577$87
46 years$5,777$3,354$1,862$999$524$75
47 years$5,590$3,201$1,750$923$476$65
48 years$5,411$3,056$1,644$853$432$56
49 years$5,241$2,918$1,545$789$392$48
50 years$5,077$2,788$1,453$729$356$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $5,200,000, adding $2,258 every year, while hoping to spend $50,424 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: 49/23/28 Blend
62$5,200,000$5,200,000$5,200,000$5,200,000
63$5,732,729$5,457,129$5,376,529$5,967,896
64$6,263,817$5,670,878$5,502,992$6,346,794
65$6,847,385$5,893,410$5,632,002$6,753,051
66$7,488,735$6,125,103$5,763,590$7,193,470
67$8,193,703$6,366,351$5,897,788$7,671,306
68$8,968,724$6,617,565$6,034,627$8,190,142
69$9,820,884$6,879,176$6,174,137$8,753,916
70$10,757,991$7,151,632$6,316,347$9,366,963
71$11,788,646$7,435,403$6,461,285$10,034,048
72$12,922,329$7,730,978$6,608,979$10,760,415
73$14,169,482$8,038,871$6,759,455$11,551,836
74$15,541,610$8,359,617$6,912,738$12,414,659
75$17,051,391$8,693,775$7,068,851$13,355,871
76$18,712,792$9,041,929$7,227,817$14,383,163
77$20,541,204$9,404,691$7,389,656$15,504,999
78$22,553,585$9,782,699$7,554,387$16,730,695
79$24,768,620$10,176,620$7,722,029$18,070,507
80$27,206,897$10,587,153$7,892,595$19,535,726
81$29,891,103$11,015,026$8,066,099$21,138,781
82$32,846,235$11,461,001$8,242,552$22,893,358
83$36,099,836$11,925,876$8,421,964$24,814,524
84$39,682,259$12,410,483$8,604,338$26,918,873
85$43,626,946$12,915,693$8,789,680$29,224,673
86$47,970,750$13,442,417$8,977,990$31,752,045
87$52,754,278$13,991,607$9,169,264$34,523,145
88$58,022,277$14,564,259$9,363,497$37,562,373
89$63,824,054$15,161,412$9,560,679$40,896,604
90$70,213,943$15,784,157$9,760,798$44,555,436
91$77,251,816$16,433,631$9,963,835$48,571,467
92$85,003,647$17,111,025$10,169,769$52,980,605
93$93,542,138$17,817,584$10,378,575$57,822,399
94$102,947,400$18,554,610$10,590,222$63,140,415
95$113,307,714$19,323,465$10,804,674$68,982,639
96$124,720,360$20,125,574$11,021,889$75,401,935
97$137,292,537$20,962,427$11,241,822$82,456,532
98$151,142,372$21,835,583$11,464,420$90,210,580
99$166,400,040$22,746,672$11,689,624$98,734,746
100$183,208,986$23,697,401$11,917,368$108,106,881