Can I retire at age 63 with 5,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$487,216$482,877$478,642$474,510$470,474$467,509
2 years$241,196$236,704$232,351$228,130$224,035$221,045
3 years$159,200$154,689$150,346$146,165$142,137$139,213
4 years$118,210$113,713$109,414$105,304$101,373$98,539
5 years$93,623$89,152$84,909$80,883$77,063$74,325
6 years$77,236$72,799$68,619$64,683$60,977$58,341
7 years$65,536$61,137$57,023$53,179$49,591$47,057
8 years$56,765$52,406$48,360$44,611$41,140$38,709
9 years$49,947$45,628$41,653$37,999$34,646$32,317
10 years$44,496$40,219$36,314$32,755$29,520$27,292
11 years$40,038$35,805$31,970$28,507$25,388$23,259
12 years$36,327$32,136$28,373$25,004$22,001$19,969
13 years$33,188$29,042$25,349$22,075$19,185$17,249
14 years$30,501$26,398$22,776$19,596$16,818$14,974
15 years$28,174$24,115$20,564$17,476$14,808$13,055
16 years$26,139$22,125$18,644$15,648$13,087$11,422
17 years$24,346$20,377$16,965$14,059$11,604$10,025
18 years$22,754$18,829$15,487$12,670$10,318$8,821
19 years$21,331$17,450$14,178$11,449$9,196$7,780
20 years$20,052$16,216$13,012$10,369$8,214$6,875
21 years$18,897$15,104$11,968$9,411$7,351$6,085
22 years$17,847$14,099$11,031$8,556$6,589$5,395
23 years$16,891$13,187$10,185$7,792$5,915$4,789
24 years$16,015$12,355$9,419$7,107$5,316$4,256
25 years$15,211$11,595$8,724$6,491$4,784$3,786
26 years$14,470$10,897$8,091$5,935$4,309$3,371
27 years$13,785$10,256$7,513$5,432$3,885$3,004
28 years$13,150$9,664$6,985$4,977$3,506$2,679
29 years$12,560$9,117$6,500$4,564$3,165$2,390
30 years$12,010$8,610$6,054$4,189$2,860$2,134
31 years$11,497$8,139$5,644$3,847$2,586$1,906
32 years$11,016$7,701$5,266$3,535$2,339$1,703
33 years$10,566$7,293$4,917$3,251$2,117$1,522
34 years$10,143$6,912$4,594$2,991$1,917$1,361
35 years$9,745$6,556$4,295$2,754$1,736$1,218
36 years$9,371$6,223$4,018$2,536$1,573$1,090
37 years$9,017$5,910$3,761$2,337$1,426$975
38 years$8,682$5,617$3,522$2,154$1,292$873
39 years$8,366$5,341$3,300$1,986$1,172$782
40 years$8,066$5,082$3,093$1,832$1,063$700
41 years$7,782$4,837$2,900$1,690$964$627
42 years$7,512$4,607$2,720$1,560$875$562
43 years$7,255$4,389$2,553$1,440$794$503
44 years$7,010$4,184$2,396$1,329$721$451
45 years$6,777$3,990$2,250$1,228$654$404
46 years$6,555$3,806$2,113$1,134$594$362
47 years$6,343$3,632$1,985$1,048$540$324
48 years$6,140$3,467$1,866$968$490$291
49 years$5,946$3,311$1,754$895$445$261
50 years$5,760$3,163$1,649$827$404$234

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $5,900,000, adding $3,331 every year, while hoping to spend $46,913 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: 33/40/27 Blend
62$5,900,000$5,900,000$5,900,000$5,900,000
63$6,505,236$6,192,536$6,101,086$6,666,346
64$7,118,855$6,446,055$6,255,557$7,042,299
65$7,793,491$6,710,424$6,413,631$7,442,775
66$8,535,318$6,986,126$6,575,378$7,873,467
67$9,351,138$7,273,664$6,740,871$8,337,084
68$10,248,446$7,573,566$6,910,183$8,836,591
69$11,235,500$7,886,383$7,083,386$9,375,243
70$12,321,397$8,212,691$7,260,556$9,956,612
71$13,516,161$8,553,096$7,441,766$10,584,618
72$14,830,838$8,908,226$7,627,094$11,263,563
73$16,277,598$9,278,742$7,816,615$11,998,170
74$17,869,847$9,665,336$8,010,407$12,793,628
75$19,622,363$10,068,728$8,208,547$13,655,635
76$21,551,423$10,489,675$8,411,112$14,590,449
77$23,674,966$10,928,967$8,618,183$15,604,948
78$26,012,758$11,387,432$8,829,837$16,706,689
79$28,586,577$11,865,934$9,046,154$17,903,977
80$31,420,422$12,365,379$9,267,214$19,205,941
81$34,540,737$12,886,714$9,493,097$20,622,620
82$37,976,659$13,430,930$9,723,884$22,165,046
83$41,760,298$13,999,065$9,959,654$23,845,356
84$45,927,034$14,592,205$10,200,487$25,676,892
85$50,515,853$15,211,485$10,446,465$27,674,333
86$55,569,716$15,858,094$10,697,668$29,853,823
87$61,135,963$16,533,275$10,954,175$32,233,121
88$67,266,757$17,238,332$11,216,067$34,831,767
89$74,019,583$17,974,627$11,483,421$37,671,259
90$81,457,783$18,743,587$11,756,319$40,775,254
91$89,651,158$19,546,703$12,034,836$44,169,783
92$98,676,625$20,385,540$12,319,052$47,883,495
93$108,618,942$21,261,733$12,609,041$51,947,922
94$119,571,511$22,176,995$12,904,881$56,397,770
95$131,637,254$23,133,117$13,206,644$61,271,242
96$144,929,592$24,131,977$13,514,404$66,610,390
97$159,573,506$25,175,540$13,828,232$72,461,511
98$175,706,723$26,265,861$14,148,198$78,875,573
99$193,481,016$27,405,095$14,474,369$85,908,692
100$213,063,630$28,595,496$14,806,812$93,622,655