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%19.1%
1 years$462,443$458,324$454,305$450,382$446,552$430,195
2 years$228,932$224,668$220,536$216,530$212,644$196,346
3 years$151,105$146,823$142,702$138,733$134,910$119,185
4 years$112,200$107,931$103,850$99,949$96,219$81,186
5 years$88,862$84,619$80,592$76,771$73,144$58,842
6 years$73,309$69,098$65,130$61,394$57,876$44,316
7 years$62,204$58,028$54,124$50,475$47,069$34,247
8 years$53,879$49,741$45,901$42,343$39,048$26,953
9 years$47,408$43,308$39,535$36,066$32,884$21,500
10 years$42,233$38,174$34,467$31,090$28,019$17,325
11 years$38,003$33,984$30,344$27,057$24,097$14,071
12 years$34,480$30,502$26,930$23,733$20,882$11,498
13 years$31,501$27,565$24,060$20,953$18,210$9,443
14 years$28,950$25,056$21,618$18,599$15,963$7,785
15 years$26,741$22,889$19,518$16,587$14,055$6,439
16 years$24,810$21,000$17,696$14,852$12,422$5,339
17 years$23,108$19,341$16,103$13,345$11,014$4,436
18 years$21,597$17,872$14,700$12,026$9,793$3,693
19 years$20,247$16,563$13,457$10,867$8,729$3,079
20 years$19,033$15,391$12,350$9,842$7,797$2,569
21 years$17,936$14,336$11,360$8,932$6,977$2,147
22 years$16,940$13,383$10,470$8,121$6,254$1,795
23 years$16,032$12,516$9,667$7,396$5,614$1,502
24 years$15,201$11,727$8,940$6,746$5,046$1,257
25 years$14,438$11,005$8,280$6,161$4,541$1,053
26 years$13,734$10,343$7,680$5,633$4,090$882
27 years$13,084$9,734$7,131$5,156$3,687$740
28 years$12,481$9,172$6,629$4,724$3,327$620
29 years$11,921$8,653$6,169$4,332$3,004$520
30 years$11,399$8,172$5,746$3,976$2,715$436
31 years$10,912$7,725$5,357$3,651$2,454$366
32 years$10,456$7,310$4,998$3,356$2,220$307
33 years$10,029$6,922$4,667$3,086$2,009$258
34 years$9,627$6,561$4,361$2,839$1,819$216
35 years$9,250$6,223$4,077$2,614$1,648$181
36 years$8,894$5,906$3,814$2,407$1,493$152
37 years$8,558$5,610$3,570$2,218$1,353$128
38 years$8,241$5,331$3,343$2,044$1,227$107
39 years$7,941$5,069$3,132$1,885$1,112$90
40 years$7,656$4,823$2,936$1,739$1,009$76
41 years$7,386$4,591$2,753$1,604$915$63
42 years$7,130$4,372$2,582$1,480$831$53
43 years$6,886$4,166$2,423$1,367$754$45
44 years$6,654$3,971$2,274$1,262$684$38
45 years$6,432$3,787$2,135$1,165$621$32
46 years$6,221$3,613$2,006$1,076$564$26
47 years$6,020$3,447$1,884$994$512$22
48 years$5,828$3,291$1,771$919$465$19
49 years$5,644$3,143$1,664$849$422$16
50 years$5,468$3,002$1,565$785$384$13

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 $5,250 every year, while hoping to spend $25,958 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: 42/46/12 Blend
62$5,600,000$5,600,000$5,600,000$5,600,000
63$6,176,615$5,879,815$5,793,015$6,414,105
64$6,779,011$6,140,307$5,959,462$6,841,551
65$7,441,981$6,412,693$6,130,615$7,301,123
66$8,171,677$6,697,529$6,306,604$7,798,189
67$8,974,875$6,995,395$6,487,563$8,336,181
68$9,859,046$7,306,903$6,673,630$8,918,867
69$10,832,416$7,632,689$6,864,944$9,550,382
70$11,904,055$7,973,423$7,061,652$10,235,263
71$13,083,953$8,329,805$7,263,902$10,978,491
72$14,383,119$8,702,568$7,471,846$11,785,535
73$15,813,686$9,092,482$7,685,641$12,662,400
74$17,389,020$9,500,352$7,905,448$13,615,681
75$19,123,851$9,927,021$8,131,432$14,652,624
76$21,034,412$10,373,373$8,363,763$15,781,190
77$23,138,588$10,840,334$8,602,615$17,010,124
78$25,456,088$11,328,875$8,848,166$18,349,039
79$28,008,630$11,840,010$9,100,600$19,808,501
80$30,820,145$12,374,806$9,360,106$21,400,124
81$33,917,006$12,934,378$9,626,876$23,136,675
82$37,328,273$13,519,895$9,901,109$25,032,193
83$41,085,969$14,132,582$10,183,008$27,102,118
84$45,225,382$14,773,722$10,472,782$29,363,426
85$49,785,397$15,444,660$10,770,646$31,834,791
86$54,808,864$16,146,806$11,076,820$34,536,754
87$60,343,004$16,881,635$11,391,529$37,491,909
88$66,439,851$17,650,696$11,715,006$40,725,117
89$73,156,745$18,455,609$12,047,488$44,263,729
90$80,556,873$19,298,074$12,389,219$48,137,840
91$88,709,866$20,179,871$12,740,449$52,380,568
92$97,692,453$21,102,866$13,101,436$57,028,360
93$107,589,192$22,069,014$13,472,442$62,121,328
94$118,493,259$23,080,366$13,853,738$67,703,620
95$130,507,335$24,139,067$14,245,602$73,823,833
96$143,744,572$25,247,370$14,648,318$80,535,459
97$158,329,659$26,407,632$15,062,178$87,897,383
98$174,400,004$27,622,326$15,487,481$95,974,434
99$192,107,027$28,894,043$15,924,534$104,837,984
100$211,617,591$30,225,497$16,373,653$114,566,612