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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.1%
1 years$454,185$450,139$446,192$442,340$438,578$427,628
2 years$224,844$220,656$216,598$212,663$208,847$197,884
3 years$148,407$144,201$140,153$136,255$132,501$121,869
4 years$110,196$106,003$101,996$98,164$94,501$84,281
5 years$87,275$83,108$79,153$75,400$71,838$62,058
6 years$72,000$67,864$63,967$60,298$56,843$47,513
7 years$61,093$56,992$53,157$49,574$46,229$37,350
8 years$52,917$48,853$45,081$41,586$38,351$29,920
9 years$46,561$42,535$38,829$35,422$32,297$24,306
10 years$41,479$37,493$33,852$30,534$27,519$19,958
11 years$37,324$33,377$29,802$26,574$23,667$16,526
12 years$33,864$29,958$26,449$23,309$20,509$13,776
13 years$30,938$27,073$23,630$20,578$17,885$11,545
14 years$28,433$24,609$21,232$18,267$15,677$9,718
15 years$26,263$22,480$19,170$16,291$13,804$8,210
16 years$24,367$20,625$17,380$14,587$12,200$6,956
17 years$22,696$18,995$15,815$13,106$10,817$5,909
18 years$21,211$17,552$14,437$11,811$9,618$5,030
19 years$19,885$16,267$13,217$10,673$8,573$4,289
20 years$18,693$15,116$12,130$9,666$7,657$3,662
21 years$17,615$14,080$11,157$8,773$6,853$3,131
22 years$16,637$13,144$10,283$7,976$6,142$2,680
23 years$15,746$12,293$9,494$7,264$5,514$2,296
24 years$14,930$11,518$8,781$6,625$4,956$1,969
25 years$14,180$10,809$8,133$6,051$4,459$1,689
26 years$13,489$10,158$7,543$5,532$4,017$1,450
27 years$12,850$9,560$7,004$5,064$3,622$1,245
28 years$12,258$9,009$6,511$4,640$3,268$1,070
29 years$11,708$8,499$6,059$4,255$2,951$919
30 years$11,196$8,026$5,644$3,905$2,666$790
31 years$10,717$7,587$5,262$3,586$2,411$680
32 years$10,269$7,179$4,909$3,296$2,180$585
33 years$9,850$6,799$4,584$3,031$1,973$503
34 years$9,456$6,444$4,283$2,789$1,787$433
35 years$9,085$6,112$4,004$2,567$1,618$372
36 years$8,735$5,801$3,746$2,364$1,466$321
37 years$8,405$5,510$3,506$2,178$1,329$276
38 years$8,094$5,236$3,283$2,008$1,205$238
39 years$7,799$4,979$3,076$1,851$1,092$205
40 years$7,519$4,737$2,883$1,708$991$176
41 years$7,254$4,509$2,703$1,575$899$152
42 years$7,002$4,294$2,536$1,454$816$131
43 years$6,763$4,092$2,380$1,342$740$112
44 years$6,535$3,900$2,234$1,239$672$97
45 years$6,318$3,719$2,097$1,144$610$83
46 years$6,110$3,548$1,970$1,057$554$72
47 years$5,913$3,386$1,851$977$503$62
48 years$5,724$3,232$1,739$902$457$53
49 years$5,543$3,087$1,635$834$415$46
50 years$5,370$2,949$1,537$771$377$39

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 $3,488 every year, while hoping to spend $48,884 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: 60/16/24 Blend
62$5,500,000$5,500,000$5,500,000$5,500,000
63$6,064,598$5,773,098$5,687,848$6,389,405
64$6,631,175$6,003,967$5,826,379$6,841,423
65$7,253,904$6,244,511$5,967,912$7,328,776
66$7,938,462$6,495,152$6,112,496$7,859,466
67$8,691,101$6,756,330$6,260,181$8,437,714
68$9,518,711$7,028,509$6,411,015$9,068,163
69$10,428,883$7,312,169$6,565,047$9,755,928
70$11,429,979$7,607,815$6,722,327$10,506,633
71$12,531,214$7,915,975$6,882,901$11,326,472
72$13,742,738$8,237,198$7,046,819$12,222,261
73$15,075,739$8,572,062$7,214,129$13,201,506
74$16,542,539$8,921,169$7,384,877$14,272,468
75$18,156,720$9,285,147$7,559,112$15,444,243
76$19,933,242$9,664,656$7,736,879$16,726,847
77$21,888,592$10,060,384$7,918,224$18,131,308
78$24,040,936$10,473,050$8,103,192$19,669,768
79$26,410,290$10,903,408$8,291,827$21,355,600
80$29,018,709$11,352,245$8,484,173$23,203,530
81$31,890,496$11,820,383$8,680,271$25,229,776
82$35,052,429$12,308,684$8,880,163$27,452,197
83$38,534,016$12,818,049$9,083,888$29,890,467
84$42,367,771$13,349,420$9,291,484$32,566,251
85$46,589,523$13,903,780$9,502,988$35,503,414
86$51,238,752$14,482,163$9,718,435$38,728,241
87$56,358,960$15,085,644$9,937,858$42,269,687
88$61,998,086$15,715,353$10,161,288$46,159,644
89$68,208,953$16,372,468$10,388,755$50,433,247
90$75,049,772$17,058,224$10,620,283$55,129,196
91$82,584,685$17,773,913$10,855,899$60,290,127
92$90,884,374$18,520,886$11,095,622$65,963,005
93$100,026,726$19,300,556$11,339,472$72,199,574
94$110,097,571$20,114,402$11,587,463$79,056,835
95$121,191,488$20,963,972$11,839,608$86,597,587
96$133,412,700$21,850,887$12,095,915$94,891,016
97$146,876,055$22,776,840$12,356,387$104,013,347
98$161,708,112$23,743,605$12,621,027$114,048,558
99$178,048,337$24,753,039$12,889,828$125,089,174
100$196,050,414$25,807,084$13,162,784$137,237,136