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%12.9%
1 years$470,701$466,508$462,417$458,425$454,526$449,032
2 years$233,020$228,680$224,474$220,396$216,441$210,912
3 years$153,804$149,445$145,250$141,210$137,319$131,927
4 years$114,203$109,858$105,705$101,734$97,937$92,723
5 years$90,449$86,130$82,031$78,141$74,450$69,430
6 years$74,618$70,332$66,293$62,490$58,910$54,089
7 years$63,315$59,064$55,090$51,377$47,910$43,290
8 years$54,841$50,629$46,721$43,099$39,746$35,327
9 years$48,254$44,082$40,241$36,711$33,472$29,252
10 years$42,987$38,856$35,083$31,645$28,519$24,496
11 years$38,681$34,591$30,886$27,540$24,528$20,697
12 years$35,095$31,047$27,411$24,157$21,255$17,613
13 years$32,063$28,058$24,490$21,327$18,535$15,077
14 years$29,467$25,504$22,004$18,931$16,248$12,969
15 years$27,218$23,298$19,867$16,884$14,306$11,200
16 years$25,253$21,375$18,012$15,117$12,643$9,706
17 years$23,521$19,686$16,390$13,583$11,210$8,436
18 years$21,983$18,191$14,962$12,241$9,968$7,349
19 years$20,608$16,859$13,697$11,061$8,885$6,417
20 years$19,372$15,666$12,571$10,018$7,936$5,612
21 years$18,256$14,592$11,563$9,092$7,102$4,917
22 years$17,242$13,621$10,657$8,266$6,366$4,313
23 years$16,318$12,740$9,840$7,528$5,714$3,788
24 years$15,472$11,936$9,100$6,866$5,136$3,330
25 years$14,695$11,202$8,428$6,271$4,622$2,931
26 years$13,979$10,528$7,817$5,734$4,163$2,581
27 years$13,318$9,908$7,259$5,248$3,753$2,274
28 years$12,704$9,336$6,748$4,808$3,387$2,005
29 years$12,134$8,808$6,279$4,409$3,058$1,769
30 years$11,603$8,318$5,849$4,047$2,763$1,562
31 years$11,107$7,863$5,453$3,717$2,498$1,379
32 years$10,643$7,440$5,088$3,416$2,260$1,218
33 years$10,208$7,046$4,750$3,141$2,045$1,076
34 years$9,799$6,678$4,438$2,890$1,852$951
35 years$9,415$6,334$4,150$2,660$1,677$841
36 years$9,053$6,012$3,882$2,450$1,520$744
37 years$8,711$5,710$3,633$2,257$1,377$658
38 years$8,388$5,426$3,403$2,081$1,249$582
39 years$8,082$5,160$3,188$1,919$1,132$515
40 years$7,793$4,909$2,988$1,770$1,027$456
41 years$7,518$4,673$2,802$1,633$932$403
42 years$7,257$4,451$2,628$1,507$845$357
43 years$7,009$4,241$2,466$1,391$767$316
44 years$6,772$4,042$2,315$1,284$696$280
45 years$6,547$3,855$2,174$1,186$632$247
46 years$6,333$3,677$2,042$1,096$574$219
47 years$6,128$3,509$1,918$1,012$521$194
48 years$5,932$3,350$1,802$935$473$172
49 years$5,744$3,199$1,694$864$430$152
50 years$5,565$3,056$1,593$799$391$135

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 $6,412 every year, while hoping to spend $36,292 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: 59/17/24 Blend
62$5,700,000$5,700,000$5,700,000$5,700,000
63$6,288,014$5,985,914$5,897,564$6,618,134
64$6,890,777$6,240,609$6,056,518$7,098,348
65$7,553,805$6,506,568$6,219,581$7,617,403
66$8,283,208$6,784,305$6,386,851$8,182,761
67$9,085,716$7,074,356$6,558,431$8,798,918
68$9,968,744$7,377,285$6,734,424$9,470,822
69$10,940,465$7,693,680$6,914,935$10,203,918
70$12,009,880$8,024,159$7,100,074$11,004,195
71$13,186,911$8,369,366$7,289,949$11,878,246
72$14,482,487$8,729,976$7,484,674$12,833,327
73$15,908,654$9,106,698$7,684,363$13,877,423
74$17,478,681$9,500,271$7,889,134$15,019,324
75$19,207,193$9,911,470$8,099,106$16,268,705
76$21,110,301$10,341,107$8,314,402$17,636,218
77$23,205,763$10,790,032$8,535,145$19,133,590
78$25,513,141$11,259,133$8,761,462$20,773,731
79$28,053,993$11,749,343$8,993,483$22,570,856
80$30,852,076$12,261,637$9,231,341$24,540,617
81$33,933,565$12,797,034$9,475,168$26,700,249
82$37,327,306$13,356,606$9,725,103$29,068,732
83$41,065,082$13,941,471$9,981,285$31,666,964
84$45,181,919$14,552,801$10,243,857$34,517,964
85$49,716,411$15,191,825$10,512,962$37,647,079
86$54,711,089$15,859,828$10,788,750$41,082,229
87$60,212,817$16,558,157$11,071,371$44,854,161
88$66,273,240$17,288,222$11,360,976$48,996,742
89$72,949,264$18,051,499$11,657,724$53,547,277
90$80,303,603$18,849,536$11,961,771$58,546,852
91$88,405,359$19,683,952$12,273,279$64,040,729
92$97,330,685$20,556,444$12,592,413$70,078,761
93$107,163,495$21,468,790$12,919,339$76,715,869
94$117,996,261$22,422,851$13,254,227$84,012,549
95$129,930,886$23,420,577$13,597,249$92,035,448
96$143,079,661$24,464,010$13,948,582$100,857,982
97$157,566,329$25,555,289$14,308,402$110,561,033
98$173,527,253$26,696,657$14,676,892$121,233,706
99$191,112,700$27,890,460$15,054,235$132,974,165
100$210,488,261$29,139,158$15,440,617$145,890,562