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%16.8%
1 years$454,185$450,139$446,192$442,340$438,578$426,419
2 years$224,844$220,656$216,598$212,663$208,847$196,688
3 years$148,407$144,201$140,153$136,255$132,501$120,723
4 years$110,196$106,003$101,996$98,164$94,501$83,193
5 years$87,275$83,108$79,153$75,400$71,838$61,033
6 years$72,000$67,864$63,967$60,298$56,843$46,550
7 years$61,093$56,992$53,157$49,574$46,229$36,448
8 years$52,917$48,853$45,081$41,586$38,351$29,077
9 years$46,561$42,535$38,829$35,422$32,297$23,522
10 years$41,479$37,493$33,852$30,534$27,519$19,230
11 years$37,324$33,377$29,802$26,574$23,667$15,852
12 years$33,864$29,958$26,449$23,309$20,509$13,153
13 years$30,938$27,073$23,630$20,578$17,885$10,972
14 years$28,433$24,609$21,232$18,267$15,677$9,191
15 years$26,263$22,480$19,170$16,291$13,804$7,727
16 years$24,367$20,625$17,380$14,587$12,200$6,514
17 years$22,696$18,995$15,815$13,106$10,817$5,505
18 years$21,211$17,552$14,437$11,811$9,618$4,662
19 years$19,885$16,267$13,217$10,673$8,573$3,954
20 years$18,693$15,116$12,130$9,666$7,657$3,359
21 years$17,615$14,080$11,157$8,773$6,853$2,856
22 years$16,637$13,144$10,283$7,976$6,142$2,432
23 years$15,746$12,293$9,494$7,264$5,514$2,072
24 years$14,930$11,518$8,781$6,625$4,956$1,766
25 years$14,180$10,809$8,133$6,051$4,459$1,507
26 years$13,489$10,158$7,543$5,532$4,017$1,286
27 years$12,850$9,560$7,004$5,064$3,622$1,098
28 years$12,258$9,009$6,511$4,640$3,268$938
29 years$11,708$8,499$6,059$4,255$2,951$802
30 years$11,196$8,026$5,644$3,905$2,666$685
31 years$10,717$7,587$5,262$3,586$2,411$586
32 years$10,269$7,179$4,909$3,296$2,180$501
33 years$9,850$6,799$4,584$3,031$1,973$429
34 years$9,456$6,444$4,283$2,789$1,787$367
35 years$9,085$6,112$4,004$2,567$1,618$314
36 years$8,735$5,801$3,746$2,364$1,466$268
37 years$8,405$5,510$3,506$2,178$1,329$230
38 years$8,094$5,236$3,283$2,008$1,205$197
39 years$7,799$4,979$3,076$1,851$1,092$168
40 years$7,519$4,737$2,883$1,708$991$144
41 years$7,254$4,509$2,703$1,575$899$123
42 years$7,002$4,294$2,536$1,454$816$105
43 years$6,763$4,092$2,380$1,342$740$90
44 years$6,535$3,900$2,234$1,239$672$77
45 years$6,318$3,719$2,097$1,144$610$66
46 years$6,110$3,548$1,970$1,057$554$57
47 years$5,913$3,386$1,851$977$503$48
48 years$5,724$3,232$1,739$902$457$42
49 years$5,543$3,087$1,635$834$415$36
50 years$5,370$2,949$1,537$771$377$30

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 $6,305 every year, while hoping to spend $39,921 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: 42/40/18 Blend
62$5,500,000$5,500,000$5,500,000$5,500,000
63$6,067,504$5,776,004$5,690,754$6,290,100
64$6,643,913$6,016,552$5,838,918$6,688,736
65$7,277,779$6,267,550$5,990,708$7,115,762
66$7,974,919$6,529,466$6,146,203$7,577,348
67$8,741,743$6,802,792$6,305,484$8,076,681
68$9,585,315$7,088,043$6,468,632$8,617,262
69$10,513,417$7,385,757$6,635,730$9,202,934
70$11,534,622$7,696,496$6,806,864$9,837,918
71$12,658,379$8,020,850$6,982,120$10,526,850
72$13,895,097$8,359,435$7,161,584$11,274,822
73$15,256,245$8,712,895$7,345,345$12,087,430
74$16,754,461$9,081,906$7,533,494$12,970,825
75$18,403,671$9,467,175$7,726,121$13,931,763
76$20,219,219$9,869,440$7,923,319$14,977,675
77$22,218,011$10,289,474$8,125,182$16,116,728
78$24,418,678$10,728,088$8,331,805$17,357,902
79$26,841,747$11,186,128$8,543,284$18,711,072
80$29,509,838$11,664,481$8,759,718$20,187,097
81$32,447,878$12,164,077$8,981,204$21,797,923
82$35,683,330$12,685,885$9,207,843$23,556,688
83$39,246,460$13,230,924$9,439,737$25,477,844
84$43,170,618$13,800,258$9,676,987$27,577,295
85$47,492,552$14,395,002$9,919,696$29,872,535
86$52,252,756$15,016,321$10,167,971$32,382,816
87$57,495,855$15,665,438$10,421,915$35,129,323
88$63,271,019$16,343,632$10,681,636$38,135,373
89$69,632,433$17,052,240$10,947,241$41,426,625
90$76,639,806$17,792,665$11,218,839$45,031,325
91$84,358,935$18,566,374$11,496,538$48,980,560
92$92,862,323$19,374,903$11,780,449$53,308,555
93$102,229,869$20,219,862$12,070,683$58,052,985
94$112,549,615$21,102,935$12,367,351$63,255,328
95$123,918,583$22,025,886$12,670,564$68,961,250
96$136,443,687$22,990,562$12,980,436$75,221,032
97$150,242,741$23,998,898$13,297,078$82,090,036
98$165,445,575$25,052,918$13,620,605$89,629,224
99$182,195,258$26,154,746$13,951,130$97,905,724
100$200,649,446$27,306,601$14,288,765$106,993,461