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%19.8%
1 years$445,927$441,955$438,080$434,297$430,604$413,682
2 years$220,756$216,645$212,660$208,797$205,049$188,208
3 years$145,709$141,580$137,605$133,778$130,092$113,862
4 years$108,192$104,076$100,141$96,380$92,783$77,287
5 years$85,689$81,597$77,714$74,029$70,532$55,810
6 years$70,691$66,630$62,804$59,201$55,809$41,870
7 years$59,983$55,956$52,191$48,673$45,388$32,228
8 years$51,955$47,964$44,262$40,830$37,654$25,259
9 years$45,714$41,762$38,123$34,778$31,710$20,062
10 years$40,725$36,811$33,236$29,979$27,018$16,094
11 years$36,645$32,771$29,261$26,091$23,237$13,012
12 years$33,248$29,413$25,968$22,885$20,136$10,583
13 years$30,376$26,581$23,201$20,204$17,559$8,649
14 years$27,916$24,161$20,846$17,935$15,392$7,096
15 years$25,786$22,072$18,821$15,995$13,553$5,840
16 years$23,924$20,250$17,064$14,322$11,978$4,818
17 years$22,283$18,650$15,528$12,868$10,620$3,983
18 years$20,826$17,233$14,175$11,597$9,443$3,298
19 years$19,523$15,972$12,976$10,479$8,417$2,735
20 years$18,353$14,842$11,909$9,490$7,518$2,270
21 years$17,295$13,824$10,954$8,613$6,728$1,886
22 years$16,335$12,905$10,096$7,831$6,031$1,569
23 years$15,459$12,069$9,322$7,132$5,413$1,305
24 years$14,658$11,308$8,621$6,505$4,866$1,087
25 years$13,922$10,612$7,985$5,941$4,378$905
26 years$13,244$9,974$7,405$5,432$3,944$754
27 years$12,617$9,386$6,877$4,972$3,556$629
28 years$12,035$8,845$6,393$4,555$3,208$524
29 years$11,495$8,344$5,949$4,177$2,897$437
30 years$10,992$7,880$5,541$3,834$2,618$364
31 years$10,522$7,449$5,166$3,521$2,367$304
32 years$10,083$7,049$4,820$3,236$2,141$254
33 years$9,671$6,675$4,500$2,976$1,937$212
34 years$9,284$6,326$4,205$2,738$1,754$176
35 years$8,920$6,001$3,931$2,520$1,589$147
36 years$8,576$5,695$3,678$2,321$1,440$123
37 years$8,253$5,409$3,442$2,139$1,305$103
38 years$7,947$5,141$3,223$1,971$1,183$86
39 years$7,657$4,888$3,020$1,818$1,073$71
40 years$7,383$4,651$2,831$1,676$973$60
41 years$7,122$4,427$2,654$1,547$883$50
42 years$6,875$4,216$2,490$1,427$801$42
43 years$6,640$4,017$2,336$1,318$727$35
44 years$6,416$3,829$2,193$1,217$660$29
45 years$6,203$3,652$2,059$1,124$599$24
46 years$5,999$3,484$1,934$1,038$544$20
47 years$5,805$3,324$1,817$959$494$17
48 years$5,619$3,174$1,707$886$448$14
49 years$5,442$3,031$1,605$819$407$12
50 years$5,272$2,895$1,509$757$370$10

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 $5,862 every year, while hoping to spend $46,870 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: 67/21/12 Blend
62$5,400,000$5,400,000$5,400,000$5,400,000
63$5,956,847$5,670,647$5,586,947$6,339,758
64$6,514,576$5,898,639$5,724,240$6,823,425
65$7,127,622$6,136,232$5,864,562$7,345,934
66$7,801,579$6,383,847$6,007,964$7,916,009
67$8,542,608$6,641,923$6,154,499$8,538,303
68$9,357,498$6,910,922$6,304,219$9,217,937
69$10,253,729$7,191,322$6,457,176$9,960,546
70$11,239,540$7,483,628$6,613,422$10,772,332
71$12,324,012$7,788,365$6,773,011$11,660,120
72$13,517,149$8,106,083$6,935,994$12,631,425
73$14,829,972$8,437,355$7,102,424$13,694,518
74$16,274,627$8,782,782$7,272,352$14,858,504
75$17,864,494$9,142,994$7,445,832$16,133,410
76$19,614,318$9,518,646$7,622,913$17,530,272
77$21,540,345$9,910,427$7,803,647$19,061,243
78$23,660,476$10,319,053$7,988,085$20,739,705
79$25,994,435$10,745,277$8,176,276$22,580,393
80$28,563,956$11,189,885$8,368,270$24,599,534
81$31,392,989$11,653,698$8,564,116$26,814,998
82$34,507,921$12,137,577$8,763,862$29,246,463
83$37,937,832$12,642,421$8,967,554$31,915,603
84$41,714,761$13,169,170$9,175,237$34,846,290
85$45,874,016$13,718,809$9,386,957$38,064,813
86$50,454,502$14,292,367$9,602,757$41,600,131
87$55,499,090$14,890,921$9,822,677$45,484,139
88$61,055,020$15,515,599$10,046,760$49,751,970
89$67,174,348$16,167,580$10,275,042$54,442,325
90$73,914,436$16,848,096$10,507,561$59,597,831
91$81,338,496$17,558,440$10,744,351$65,265,450
92$89,516,180$18,299,961$10,985,445$71,496,912
93$98,524,244$19,074,073$11,230,871$78,349,202
94$108,447,269$19,882,255$11,480,658$85,885,101
95$119,378,460$20,726,054$11,734,829$94,173,768
96$131,420,524$21,607,092$11,993,407$103,291,398
97$144,686,640$22,527,062$12,256,409$113,321,930
98$159,301,529$23,487,740$12,523,850$124,357,844
99$175,402,627$24,490,981$12,795,741$136,501,025
100$193,141,385$25,538,730$13,072,089$149,863,726