Can I retire at age 63 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$454,185$450,139$446,192$442,340$438,578$431,135
2 years$224,844$220,656$216,598$212,663$208,847$201,371
3 years$148,407$144,201$140,153$136,255$132,501$125,225
4 years$110,196$106,003$101,996$98,164$94,501$87,481
5 years$87,275$83,108$79,153$75,400$71,838$65,094
6 years$72,000$67,864$63,967$60,298$56,843$50,383
7 years$61,093$56,992$53,157$49,574$46,229$40,055
8 years$52,917$48,853$45,081$41,586$38,351$32,462
9 years$46,561$42,535$38,829$35,422$32,297$26,689
10 years$41,479$37,493$33,852$30,534$27,519$22,187
11 years$37,324$33,377$29,802$26,574$23,667$18,606
12 years$33,864$29,958$26,449$23,309$20,509$15,713
13 years$30,938$27,073$23,630$20,578$17,885$13,345
14 years$28,433$24,609$21,232$18,267$15,677$11,387
15 years$26,263$22,480$19,170$16,291$13,804$9,754
16 years$24,367$20,625$17,380$14,587$12,200$8,382
17 years$22,696$18,995$15,815$13,106$10,817$7,223
18 years$21,211$17,552$14,437$11,811$9,618$6,239
19 years$19,885$16,267$13,217$10,673$8,573$5,400
20 years$18,693$15,116$12,130$9,666$7,657$4,681
21 years$17,615$14,080$11,157$8,773$6,853$4,064
22 years$16,637$13,144$10,283$7,976$6,142$3,532
23 years$15,746$12,293$9,494$7,264$5,514$3,074
24 years$14,930$11,518$8,781$6,625$4,956$2,677
25 years$14,180$10,809$8,133$6,051$4,459$2,334
26 years$13,489$10,158$7,543$5,532$4,017$2,036
27 years$12,850$9,560$7,004$5,064$3,622$1,777
28 years$12,258$9,009$6,511$4,640$3,268$1,552
29 years$11,708$8,499$6,059$4,255$2,951$1,356
30 years$11,196$8,026$5,644$3,905$2,666$1,185
31 years$10,717$7,587$5,262$3,586$2,411$1,036
32 years$10,269$7,179$4,909$3,296$2,180$906
33 years$9,850$6,799$4,584$3,031$1,973$793
34 years$9,456$6,444$4,283$2,789$1,787$694
35 years$9,085$6,112$4,004$2,567$1,618$607
36 years$8,735$5,801$3,746$2,364$1,466$531
37 years$8,405$5,510$3,506$2,178$1,329$465
38 years$8,094$5,236$3,283$2,008$1,205$407
39 years$7,799$4,979$3,076$1,851$1,092$357
40 years$7,519$4,737$2,883$1,708$991$312
41 years$7,254$4,509$2,703$1,575$899$274
42 years$7,002$4,294$2,536$1,454$816$240
43 years$6,763$4,092$2,380$1,342$740$210
44 years$6,535$3,900$2,234$1,239$672$184
45 years$6,318$3,719$2,097$1,144$610$161
46 years$6,110$3,548$1,970$1,057$554$141
47 years$5,913$3,386$1,851$977$503$124
48 years$5,724$3,232$1,739$902$457$108
49 years$5,543$3,087$1,635$834$415$95
50 years$5,370$2,949$1,537$771$377$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $5,500,000, adding $5,944 every year, while hoping to spend $56,232 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: 47/45/8 Blend
62$5,500,000$5,500,000$5,500,000$5,500,000
63$6,067,131$5,775,631$5,690,381$6,338,832
64$6,626,148$5,998,807$5,821,179$6,749,327
65$7,240,300$6,231,033$5,954,473$7,188,201
66$7,915,152$6,472,695$6,090,289$7,663,180
67$8,656,833$6,724,192$6,228,649$8,177,632
68$9,472,097$6,985,945$6,369,576$8,735,252
69$10,368,385$7,258,390$6,513,090$9,340,104
70$11,353,893$7,541,984$6,659,212$9,996,649
71$12,437,652$7,837,204$6,807,958$10,709,794
72$13,629,614$8,144,548$6,959,346$11,484,927
73$14,940,741$8,464,537$7,113,390$12,327,974
74$16,383,110$8,797,713$7,270,102$13,245,450
75$17,970,032$9,144,645$7,429,495$14,244,514
76$19,716,168$9,505,926$7,591,577$15,333,045
77$21,637,677$9,882,176$7,756,353$16,519,702
78$23,752,358$10,274,041$7,923,830$17,814,011
79$26,079,828$10,682,198$8,094,007$19,226,453
80$28,641,698$11,107,354$8,266,884$20,768,555
81$31,461,784$11,550,246$8,442,457$22,452,999
82$34,566,325$12,011,648$8,620,719$24,293,740
83$37,984,236$12,492,364$8,801,659$26,306,135
84$41,747,376$12,993,238$8,985,263$28,507,080
85$45,890,853$13,515,151$9,171,513$30,915,175
86$50,453,349$14,059,022$9,360,388$33,550,888
87$55,477,491$14,625,815$9,551,861$36,436,748
88$61,010,249$15,216,534$9,745,903$39,597,557
89$67,103,381$15,832,231$9,942,477$43,060,615
90$73,813,921$16,474,005$10,141,545$46,855,977
91$81,204,714$17,143,005$10,343,060$51,016,734
92$89,345,014$17,840,432$10,546,972$55,579,317
93$98,311,134$18,567,541$10,753,224$60,583,841
94$108,187,165$19,325,646$10,961,752$66,074,473
95$119,065,772$20,116,119$11,172,488$72,099,853
96$131,049,069$20,940,396$11,385,353$78,713,539
97$144,249,576$21,799,978$11,600,266$85,974,515
98$158,791,291$22,696,436$11,817,133$93,947,735
99$174,810,852$23,631,409$12,035,855$102,704,737
100$192,458,827$24,606,617$12,256,324$112,324,310