Can I retire at age 63 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$470,701$466,508$462,417$458,425$454,526$442,640
2 years$233,020$228,680$224,474$220,396$216,441$204,547
3 years$153,804$149,445$145,250$141,210$137,319$125,789
4 years$114,203$109,858$105,705$101,734$97,937$86,860
5 years$90,449$86,130$82,031$78,141$74,450$63,857
6 years$74,618$70,332$66,293$62,490$58,910$48,811
7 years$63,315$59,064$55,090$51,377$47,910$38,305
8 years$54,841$50,629$46,721$43,099$39,746$30,631
9 years$48,254$44,082$40,241$36,711$33,472$24,838
10 years$42,987$38,856$35,083$31,645$28,519$20,357
11 years$38,681$34,591$30,886$27,540$24,528$16,824
12 years$35,095$31,047$27,411$24,157$21,255$13,997
13 years$32,063$28,058$24,490$21,327$18,535$11,707
14 years$29,467$25,504$22,004$18,931$16,248$9,834
15 years$27,218$23,298$19,867$16,884$14,306$8,290
16 years$25,253$21,375$18,012$15,117$12,643$7,009
17 years$23,521$19,686$16,390$13,583$11,210$5,941
18 years$21,983$18,191$14,962$12,241$9,968$5,046
19 years$20,608$16,859$13,697$11,061$8,885$4,293
20 years$19,372$15,666$12,571$10,018$7,936$3,657
21 years$18,256$14,592$11,563$9,092$7,102$3,120
22 years$17,242$13,621$10,657$8,266$6,366$2,664
23 years$16,318$12,740$9,840$7,528$5,714$2,277
24 years$15,472$11,936$9,100$6,866$5,136$1,948
25 years$14,695$11,202$8,428$6,271$4,622$1,667
26 years$13,979$10,528$7,817$5,734$4,163$1,427
27 years$13,318$9,908$7,259$5,248$3,753$1,223
28 years$12,704$9,336$6,748$4,808$3,387$1,048
29 years$12,134$8,808$6,279$4,409$3,058$899
30 years$11,603$8,318$5,849$4,047$2,763$771
31 years$11,107$7,863$5,453$3,717$2,498$661
32 years$10,643$7,440$5,088$3,416$2,260$567
33 years$10,208$7,046$4,750$3,141$2,045$487
34 years$9,799$6,678$4,438$2,890$1,852$418
35 years$9,415$6,334$4,150$2,660$1,677$359
36 years$9,053$6,012$3,882$2,450$1,520$308
37 years$8,711$5,710$3,633$2,257$1,377$264
38 years$8,388$5,426$3,403$2,081$1,249$227
39 years$8,082$5,160$3,188$1,919$1,132$195
40 years$7,793$4,909$2,988$1,770$1,027$167
41 years$7,518$4,673$2,802$1,633$932$144
42 years$7,257$4,451$2,628$1,507$845$123
43 years$7,009$4,241$2,466$1,391$767$106
44 years$6,772$4,042$2,315$1,284$696$91
45 years$6,547$3,855$2,174$1,186$632$78
46 years$6,333$3,677$2,042$1,096$574$67
47 years$6,128$3,509$1,918$1,012$521$58
48 years$5,932$3,350$1,802$935$473$50
49 years$5,744$3,199$1,694$864$430$43
50 years$5,565$3,056$1,593$799$391$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $5,700,000, adding $2,618 every year, while hoping to spend $46,366 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: 32/48/20 Blend
62$5,700,000$5,700,000$5,700,000$5,700,000
63$6,284,100$5,982,000$5,893,650$6,446,130
64$6,875,746$6,225,785$6,041,755$6,811,402
65$7,526,185$6,479,962$6,193,266$7,200,171
66$8,241,365$6,744,990$6,348,251$7,617,955
67$9,027,841$7,021,351$6,506,774$8,067,322
68$9,892,832$7,309,548$6,668,902$8,551,085
69$10,844,293$7,610,108$6,834,702$9,072,327
70$11,890,988$7,923,580$7,004,241$9,634,431
71$13,042,574$8,250,541$7,177,589$10,241,106
72$14,309,691$8,591,592$7,354,813$10,896,422
73$15,704,063$8,947,363$7,535,982$11,604,844
74$17,238,606$9,318,513$7,721,166$12,371,273
75$18,927,553$9,705,729$7,910,434$13,201,090
76$20,786,587$10,109,734$8,103,858$14,100,202
77$22,832,988$10,531,280$8,301,506$15,075,097
78$25,085,796$10,971,156$8,503,450$16,132,902
79$27,565,992$11,430,187$8,709,760$17,281,445
80$30,296,693$11,909,236$8,920,507$18,529,327
81$33,303,373$12,409,206$9,135,762$19,886,001
82$36,614,102$12,931,042$9,355,594$21,361,856
83$40,259,809$13,475,732$9,580,076$22,968,312
84$44,274,578$14,044,311$9,809,276$24,717,922
85$48,695,963$14,637,860$10,043,265$26,624,490
86$53,565,348$15,257,513$10,282,111$28,703,195
87$58,928,337$15,904,454$10,525,885$30,970,728
88$64,835,179$16,579,924$10,774,654$33,445,449
89$71,341,247$17,285,220$11,028,485$36,147,553
90$78,507,561$18,021,702$11,287,446$39,099,254
91$86,401,357$18,790,791$11,551,601$42,324,994
92$95,096,731$19,593,975$11,821,015$45,851,664
93$104,675,330$20,432,812$12,095,751$49,708,853
94$115,227,126$21,308,932$12,375,870$53,929,123
95$126,851,265$22,224,042$12,661,434$58,548,309
96$139,657,001$23,179,927$12,952,500$63,605,850
97$153,764,730$24,178,459$13,249,123$69,145,156
98$169,307,123$25,221,594$13,551,360$75,214,009
99$186,430,380$26,311,382$13,859,260$81,865,007
100$205,295,607$27,449,969$14,172,874$89,156,055