Can I retire at age 63 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$445,927$441,955$438,080$434,297$430,604$421,049
2 years$220,756$216,645$212,660$208,797$205,049$195,473
3 years$145,709$141,580$137,605$133,778$130,092$120,793
4 years$108,192$104,076$100,141$96,380$92,783$83,832
5 years$85,689$81,597$77,714$74,029$70,532$61,956
6 years$70,691$66,630$62,804$59,201$55,809$47,616
7 years$59,983$55,956$52,191$48,673$45,388$37,579
8 years$51,955$47,964$44,262$40,830$37,654$30,227
9 years$45,714$41,762$38,123$34,778$31,710$24,659
10 years$40,725$36,811$33,236$29,979$27,018$20,336
11 years$36,645$32,771$29,261$26,091$23,237$16,914
12 years$33,248$29,413$25,968$22,885$20,136$14,164
13 years$30,376$26,581$23,201$20,204$17,559$11,926
14 years$27,916$24,161$20,846$17,935$15,392$10,087
15 years$25,786$22,072$18,821$15,995$13,553$8,563
16 years$23,924$20,250$17,064$14,322$11,978$7,292
17 years$22,283$18,650$15,528$12,868$10,620$6,225
18 years$20,826$17,233$14,175$11,597$9,443$5,326
19 years$19,523$15,972$12,976$10,479$8,417$4,566
20 years$18,353$14,842$11,909$9,490$7,518$3,919
21 years$17,295$13,824$10,954$8,613$6,728$3,369
22 years$16,335$12,905$10,096$7,831$6,031$2,900
23 years$15,459$12,069$9,322$7,132$5,413$2,498
24 years$14,658$11,308$8,621$6,505$4,866$2,153
25 years$13,922$10,612$7,985$5,941$4,378$1,858
26 years$13,244$9,974$7,405$5,432$3,944$1,604
27 years$12,617$9,386$6,877$4,972$3,556$1,385
28 years$12,035$8,845$6,393$4,555$3,208$1,197
29 years$11,495$8,344$5,949$4,177$2,897$1,035
30 years$10,992$7,880$5,541$3,834$2,618$895
31 years$10,522$7,449$5,166$3,521$2,367$774
32 years$10,083$7,049$4,820$3,236$2,141$669
33 years$9,671$6,675$4,500$2,976$1,937$579
34 years$9,284$6,326$4,205$2,738$1,754$501
35 years$8,920$6,001$3,931$2,520$1,589$434
36 years$8,576$5,695$3,678$2,321$1,440$376
37 years$8,253$5,409$3,442$2,139$1,305$325
38 years$7,947$5,141$3,223$1,971$1,183$282
39 years$7,657$4,888$3,020$1,818$1,073$244
40 years$7,383$4,651$2,831$1,676$973$211
41 years$7,122$4,427$2,654$1,547$883$183
42 years$6,875$4,216$2,490$1,427$801$159
43 years$6,640$4,017$2,336$1,318$727$137
44 years$6,416$3,829$2,193$1,217$660$119
45 years$6,203$3,652$2,059$1,124$599$103
46 years$5,999$3,484$1,934$1,038$544$89
47 years$5,805$3,324$1,817$959$494$77
48 years$5,619$3,174$1,707$886$448$67
49 years$5,442$3,031$1,605$819$407$58
50 years$5,272$2,895$1,509$757$370$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $5,400,000, adding $6,356 every year, while hoping to spend $48,794 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: 54/23/23 Blend
62$5,400,000$5,400,000$5,400,000$5,400,000
63$5,957,356$5,671,156$5,587,456$6,241,064
64$6,513,090$5,897,126$5,722,720$6,662,773
65$7,123,873$6,132,534$5,860,879$7,115,997
66$7,795,270$6,377,789$6,001,980$7,608,370
67$8,533,409$6,633,322$6,146,067$8,143,653
68$9,345,043$6,899,582$6,293,187$8,725,985
69$10,237,612$7,177,036$6,443,384$9,359,916
70$11,219,314$7,466,176$6,596,703$10,050,454
71$12,299,180$7,767,515$6,753,188$10,803,108
72$13,487,160$8,081,586$6,912,883$11,623,938
73$14,794,218$8,408,952$7,075,833$12,519,614
74$16,232,434$8,750,196$7,242,079$13,497,478
75$17,815,118$9,105,932$7,411,664$14,565,606
76$19,556,936$9,476,798$7,584,631$15,732,891
77$21,474,046$9,863,464$7,761,019$17,009,120
78$23,584,254$10,266,629$7,940,868$18,405,067
79$25,907,179$10,687,025$8,124,218$19,932,592
80$28,464,438$11,125,416$8,311,106$21,604,753
81$31,279,852$11,582,602$8,501,569$23,435,928
82$34,379,666$12,059,420$8,695,642$25,441,945
83$37,792,804$12,556,743$8,893,358$27,640,234
84$41,551,134$13,075,488$9,094,749$30,049,988
85$45,689,773$13,616,609$9,299,846$32,692,344
86$50,247,416$14,181,110$9,508,677$35,590,576
87$55,266,704$14,770,035$9,721,269$38,770,317
88$60,794,621$15,384,480$9,937,645$42,259,798
89$66,882,944$16,025,591$10,157,827$46,090,111
90$73,588,724$16,694,565$10,381,834$50,295,500
91$80,974,831$17,392,656$10,609,683$54,913,685
92$89,110,543$18,121,175$10,841,386$59,986,211
93$98,072,200$18,881,494$11,076,955$65,558,841
94$107,943,926$19,675,049$11,316,394$71,681,983
95$118,818,422$20,503,342$11,559,709$78,411,164
96$130,797,839$21,367,944$11,806,897$85,807,552
97$143,994,744$22,270,499$12,057,954$93,938,531
98$158,533,183$23,212,728$12,312,871$102,878,329
99$174,549,849$24,196,433$12,571,633$112,708,721
100$192,195,372$25,223,497$12,834,221$123,519,796