Can I retire at age 63 with 5,600,000?

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 $5,600,000?

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$462,443$458,324$454,305$450,382$446,552$436,644
2 years$228,932$224,668$220,536$216,530$212,644$202,713
3 years$151,105$146,823$142,702$138,733$134,910$125,267
4 years$112,200$107,931$103,850$99,949$96,219$86,937
5 years$88,862$84,619$80,592$76,771$73,144$64,250
6 years$73,309$69,098$65,130$61,394$57,876$49,380
7 years$62,204$58,028$54,124$50,475$47,069$38,971
8 years$53,879$49,741$45,901$42,343$39,048$31,346
9 years$47,408$43,308$39,535$36,066$32,884$25,572
10 years$42,233$38,174$34,467$31,090$28,019$21,089
11 years$38,003$33,984$30,344$27,057$24,097$17,541
12 years$34,480$30,502$26,930$23,733$20,882$14,689
13 years$31,501$27,565$24,060$20,953$18,210$12,368
14 years$28,950$25,056$21,618$18,599$15,963$10,461
15 years$26,741$22,889$19,518$16,587$14,055$8,880
16 years$24,810$21,000$17,696$14,852$12,422$7,562
17 years$23,108$19,341$16,103$13,345$11,014$6,456
18 years$21,597$17,872$14,700$12,026$9,793$5,524
19 years$20,247$16,563$13,457$10,867$8,729$4,735
20 years$19,033$15,391$12,350$9,842$7,797$4,065
21 years$17,936$14,336$11,360$8,932$6,977$3,494
22 years$16,940$13,383$10,470$8,121$6,254$3,007
23 years$16,032$12,516$9,667$7,396$5,614$2,590
24 years$15,201$11,727$8,940$6,746$5,046$2,233
25 years$14,438$11,005$8,280$6,161$4,541$1,927
26 years$13,734$10,343$7,680$5,633$4,090$1,663
27 years$13,084$9,734$7,131$5,156$3,687$1,436
28 years$12,481$9,172$6,629$4,724$3,327$1,241
29 years$11,921$8,653$6,169$4,332$3,004$1,073
30 years$11,399$8,172$5,746$3,976$2,715$928
31 years$10,912$7,725$5,357$3,651$2,454$802
32 years$10,456$7,310$4,998$3,356$2,220$694
33 years$10,029$6,922$4,667$3,086$2,009$601
34 years$9,627$6,561$4,361$2,839$1,819$520
35 years$9,250$6,223$4,077$2,614$1,648$450
36 years$8,894$5,906$3,814$2,407$1,493$390
37 years$8,558$5,610$3,570$2,218$1,353$337
38 years$8,241$5,331$3,343$2,044$1,227$292
39 years$7,941$5,069$3,132$1,885$1,112$253
40 years$7,656$4,823$2,936$1,739$1,009$219
41 years$7,386$4,591$2,753$1,604$915$190
42 years$7,130$4,372$2,582$1,480$831$164
43 years$6,886$4,166$2,423$1,367$754$142
44 years$6,654$3,971$2,274$1,262$684$123
45 years$6,432$3,787$2,135$1,165$621$107
46 years$6,221$3,613$2,006$1,076$564$93
47 years$6,020$3,447$1,884$994$512$80
48 years$5,828$3,291$1,771$919$465$70
49 years$5,644$3,143$1,664$849$422$60
50 years$5,468$3,002$1,565$785$384$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $5,600,000, adding $2,581 every year, while hoping to spend $49,026 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: 32/40/28 Blend
62$5,600,000$5,600,000$5,600,000$5,600,000
63$6,173,862$5,877,062$5,790,262$6,318,588
64$6,751,433$6,112,875$5,932,073$6,665,625
65$7,386,273$6,358,600$6,076,991$7,034,639
66$8,084,171$6,614,670$6,225,069$7,431,148
67$8,851,507$6,881,539$6,376,359$7,857,608
68$9,695,308$7,159,681$6,530,914$8,316,710
69$10,623,316$7,449,592$6,688,786$8,811,410
70$11,644,062$7,751,791$6,850,029$9,344,946
71$12,766,946$8,066,817$7,014,694$9,920,878
72$14,002,321$8,395,238$7,182,833$10,543,108
73$15,361,600$8,737,647$7,354,500$11,215,925
74$16,857,352$9,094,661$7,529,745$11,944,037
75$18,503,431$9,466,928$7,708,620$12,732,614
76$20,315,098$9,855,125$7,891,176$13,587,338
77$22,309,171$10,259,959$8,077,464$14,514,452
78$24,504,181$10,682,171$8,267,533$15,520,814
79$26,920,546$11,122,536$8,461,433$16,613,965
80$29,580,762$11,581,861$8,659,213$17,802,192
81$32,509,623$12,060,995$8,860,919$19,094,605
82$35,734,443$12,560,822$9,066,598$20,501,224
83$39,285,323$13,082,269$9,276,296$22,033,065
84$43,195,431$13,626,306$9,490,057$23,702,244
85$47,501,314$14,193,944$9,707,924$25,522,087
86$52,243,247$14,786,246$9,929,937$27,507,252
87$57,465,605$15,404,319$10,156,137$29,673,866
88$63,217,290$16,049,324$10,386,561$32,039,671
89$69,552,189$16,722,476$10,621,246$34,624,191
90$76,529,679$17,425,045$10,860,225$37,448,906
91$84,215,194$18,158,359$11,103,530$40,537,459
92$92,680,834$18,923,809$11,351,189$43,915,867
93$102,006,054$19,722,851$11,603,228$47,612,767
94$112,278,408$20,557,006$11,859,673$51,659,680
95$123,594,375$21,427,869$12,120,541$56,091,303
96$136,060,273$22,337,107$12,385,851$60,945,834
97$149,793,260$23,286,464$12,655,617$66,265,323
98$164,922,439$24,277,767$12,929,846$72,096,066
99$181,590,078$25,312,928$13,208,546$78,489,036
100$199,952,951$26,393,946$13,491,717$85,500,359