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

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$487,216$482,877$478,642$474,510$470,474$461,920
2 years$241,196$236,704$232,351$228,130$224,035$215,448
3 years$159,200$154,689$150,346$146,165$142,137$133,784
4 years$118,210$113,713$109,414$105,304$101,373$93,319
5 years$93,623$89,152$84,909$80,883$77,063$69,329
6 years$77,236$72,799$68,619$64,683$60,977$53,574
7 years$65,536$61,137$57,023$53,179$49,591$42,519
8 years$56,765$52,406$48,360$44,611$41,140$34,399
9 years$49,947$45,628$41,653$37,999$34,646$28,232
10 years$44,496$40,219$36,314$32,755$29,520$23,426
11 years$40,038$35,805$31,970$28,507$25,388$19,608
12 years$36,327$32,136$28,373$25,004$22,001$16,527
13 years$33,188$29,042$25,349$22,075$19,185$14,009
14 years$30,501$26,398$22,776$19,596$16,818$11,929
15 years$28,174$24,115$20,564$17,476$14,808$10,197
16 years$26,139$22,125$18,644$15,648$13,087$8,745
17 years$24,346$20,377$16,965$14,059$11,604$7,520
18 years$22,754$18,829$15,487$12,670$10,318$6,481
19 years$21,331$17,450$14,178$11,449$9,196$5,597
20 years$20,052$16,216$13,012$10,369$8,214$4,841
21 years$18,897$15,104$11,968$9,411$7,351$4,193
22 years$17,847$14,099$11,031$8,556$6,589$3,636
23 years$16,891$13,187$10,185$7,792$5,915$3,157
24 years$16,015$12,355$9,419$7,107$5,316$2,743
25 years$15,211$11,595$8,724$6,491$4,784$2,386
26 years$14,470$10,897$8,091$5,935$4,309$2,076
27 years$13,785$10,256$7,513$5,432$3,885$1,807
28 years$13,150$9,664$6,985$4,977$3,506$1,575
29 years$12,560$9,117$6,500$4,564$3,165$1,372
30 years$12,010$8,610$6,054$4,189$2,860$1,196
31 years$11,497$8,139$5,644$3,847$2,586$1,043
32 years$11,016$7,701$5,266$3,535$2,339$910
33 years$10,566$7,293$4,917$3,251$2,117$794
34 years$10,143$6,912$4,594$2,991$1,917$693
35 years$9,745$6,556$4,295$2,754$1,736$605
36 years$9,371$6,223$4,018$2,536$1,573$528
37 years$9,017$5,910$3,761$2,337$1,426$461
38 years$8,682$5,617$3,522$2,154$1,292$403
39 years$8,366$5,341$3,300$1,986$1,172$352
40 years$8,066$5,082$3,093$1,832$1,063$308
41 years$7,782$4,837$2,900$1,690$964$269
42 years$7,512$4,607$2,720$1,560$875$235
43 years$7,255$4,389$2,553$1,440$794$205
44 years$7,010$4,184$2,396$1,329$721$179
45 years$6,777$3,990$2,250$1,228$654$157
46 years$6,555$3,806$2,113$1,134$594$137
47 years$6,343$3,632$1,985$1,048$540$120
48 years$6,140$3,467$1,866$968$490$105
49 years$5,946$3,311$1,754$895$445$91
50 years$5,760$3,163$1,649$827$404$80

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 $2,005 every year, while hoping to spend $48,662 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: 40/39/21 Blend
62$5,900,000$5,900,000$5,900,000$5,900,000
63$6,503,868$6,191,168$6,099,718$6,723,488
64$7,115,487$6,442,759$6,252,283$7,132,734
65$7,787,859$6,705,048$6,408,327$7,570,397
66$8,527,132$6,978,506$6,567,917$8,042,892
67$9,340,075$7,263,628$6,731,118$8,553,420
68$10,234,148$7,560,931$6,897,996$9,105,495
69$11,217,570$7,870,956$7,068,617$9,702,977
70$12,299,397$8,194,267$7,243,051$10,350,101
71$13,489,605$8,531,457$7,421,363$11,051,524
72$14,799,189$8,883,142$7,603,622$11,812,359
73$16,240,259$9,249,969$7,789,897$12,638,224
74$17,826,163$9,632,615$7,980,256$13,535,293
75$19,571,605$10,031,786$8,174,768$14,510,354
76$21,492,788$10,448,223$8,373,502$15,570,866
77$23,607,566$10,882,699$8,576,528$16,725,030
78$25,935,610$11,336,024$8,783,914$17,981,865
79$28,498,597$11,809,044$8,995,729$19,351,287
80$31,320,411$12,302,644$9,212,044$20,844,201
81$34,427,371$12,817,752$9,432,926$22,472,603
82$37,848,479$13,355,338$9,658,444$24,249,689
83$41,615,689$13,916,414$9,888,667$26,189,975
84$45,764,214$14,502,044$10,123,663$28,309,431
85$50,332,856$15,113,336$10,363,498$30,625,630
86$55,364,372$15,751,454$10,608,239$33,157,909
87$60,905,875$16,417,613$10,857,953$35,927,549
88$67,009,284$17,113,085$11,112,703$38,957,968
89$73,731,807$17,839,202$11,372,555$42,274,945
90$81,136,486$18,597,358$11,637,570$45,906,851
91$89,292,789$19,389,010$11,907,810$49,884,919
92$98,277,267$20,215,685$12,183,336$54,243,528
93$108,174,275$21,078,981$12,464,204$59,020,531
94$119,076,769$21,980,569$12,750,473$64,257,598
95$131,087,182$22,922,199$13,042,196$70,000,609
96$144,318,392$23,905,704$13,339,427$76,300,083
97$158,894,785$24,933,000$13,642,215$83,211,644
98$174,953,431$26,006,095$13,950,607$90,796,545
99$192,645,378$27,127,091$14,264,649$99,122,237
100$212,137,074$28,298,186$14,584,383$108,263,000