Can I retire at age 63 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$668,890$662,932$657,119$651,446$645,905$623,484
2 years$331,134$324,967$318,990$313,195$307,574$285,217
3 years$218,563$212,369$206,408$200,667$195,138$173,547
4 years$162,289$156,114$150,212$144,569$139,174$118,515
5 years$128,533$122,395$116,571$111,043$105,798$86,125
6 years$106,036$99,945$94,206$88,802$83,714$65,042
7 years$89,974$83,934$78,286$73,009$68,082$50,408
8 years$77,932$71,947$66,393$61,245$56,481$39,790
9 years$68,572$62,642$57,184$52,168$47,565$31,837
10 years$61,087$55,216$49,854$44,969$40,528$25,736
11 years$54,968$49,156$43,891$39,136$34,855$20,970
12 years$49,872$44,120$38,952$34,328$30,205$17,193
13 years$45,564$39,871$34,801$30,306$26,339$14,168
14 years$41,874$36,242$31,269$26,903$23,089$11,721
15 years$38,679$33,108$28,232$23,992$20,329$9,729
16 years$35,886$30,376$25,596$21,483$17,967$8,096
17 years$33,424$27,975$23,291$19,302$15,931$6,753
18 years$31,239$25,850$21,262$17,395$14,165$5,642
19 years$29,285$23,957$19,464$15,718$12,625$4,721
20 years$27,529$22,262$17,863$14,236$11,277$3,956
21 years$25,943$20,737$16,431$12,920$10,092$3,317
22 years$24,502$19,357$15,144$11,747$9,046$2,785
23 years$23,189$18,104$13,983$10,698$8,120$2,339
24 years$21,987$16,962$12,931$9,757$7,299$1,966
25 years$20,883$15,918$11,977$8,911$6,568$1,653
26 years$19,866$14,961$11,108$8,148$5,916$1,391
27 years$18,925$14,080$10,315$7,458$5,334$1,171
28 years$18,053$13,267$9,589$6,833$4,813$985
29 years$17,243$12,516$8,923$6,266$4,346$830
30 years$16,488$11,820$8,312$5,751$3,927$699
31 years$15,783$11,174$7,749$5,281$3,550$589
32 years$15,124$10,573$7,230$4,854$3,211$496
33 years$14,506$10,013$6,751$4,463$2,906$418
34 years$13,925$9,490$6,307$4,107$2,631$352
35 years$13,379$9,001$5,897$3,781$2,383$297
36 years$12,865$8,543$5,516$3,482$2,159$250
37 years$12,379$8,114$5,163$3,208$1,957$211
38 years$11,920$7,711$4,835$2,957$1,774$178
39 years$11,486$7,333$4,530$2,726$1,609$150
40 years$11,074$6,976$4,246$2,515$1,459$126
41 years$10,683$6,641$3,981$2,320$1,324$106
42 years$10,312$6,325$3,735$2,141$1,201$90
43 years$9,960$6,026$3,504$1,977$1,090$76
44 years$9,624$5,744$3,290$1,825$990$64
45 years$9,304$5,477$3,089$1,685$898$54
46 years$8,999$5,225$2,901$1,557$816$45
47 years$8,708$4,987$2,726$1,438$741$38
48 years$8,429$4,760$2,561$1,329$673$32
49 years$8,163$4,546$2,407$1,228$611$27
50 years$7,908$4,342$2,263$1,135$555$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $8,100,000, adding $4,520 every year, while hoping to spend $37,001 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: 54/25/21 Blend
62$8,100,000$8,100,000$8,100,000$8,100,000
63$8,930,862$8,501,562$8,376,012$9,361,653
64$9,802,442$8,878,770$8,617,240$10,034,865
65$10,761,682$9,273,221$8,865,309$10,763,066
66$11,817,485$9,685,721$9,120,408$11,554,992
67$12,979,661$10,117,114$9,382,735$12,416,745
68$14,259,018$10,568,284$9,652,488$13,355,031
69$15,667,465$11,040,157$9,929,873$14,377,225
70$17,218,126$11,533,704$10,215,104$15,491,438
71$18,925,461$12,049,941$10,508,395$16,706,587
72$20,805,402$12,589,933$10,809,971$18,032,483
73$22,875,509$13,154,795$11,120,061$19,479,916
74$25,155,127$13,745,696$11,438,899$21,060,755
75$27,665,575$14,363,860$11,766,727$22,788,062
76$30,430,344$15,010,570$12,103,793$24,676,206
77$33,475,321$15,687,170$12,450,352$26,740,998
78$36,829,029$16,395,067$12,806,664$28,999,839
79$40,522,901$17,135,736$13,172,998$31,471,878
80$44,591,574$17,910,723$13,549,630$34,178,193
81$49,073,214$18,721,648$13,936,842$37,141,983
82$54,009,880$19,570,208$14,334,925$40,388,783
83$59,447,919$20,458,179$14,744,176$43,946,705
84$65,438,402$21,387,425$15,164,902$47,846,695
85$72,037,609$22,359,899$15,597,416$52,122,824
86$79,307,556$23,377,645$16,042,040$56,812,605
87$87,316,585$24,442,808$16,499,106$61,957,338
88$96,140,003$25,557,632$16,968,953$67,602,502
89$105,860,800$26,724,473$17,451,930$73,798,174
90$116,570,425$27,945,795$17,948,393$80,599,500
91$128,369,655$29,224,186$18,458,710$88,067,207
92$141,369,541$30,562,352$18,983,258$96,268,171
93$155,692,460$31,963,133$19,522,423$105,276,046
94$171,473,268$33,429,504$20,076,602$115,171,948
95$188,860,574$34,964,582$20,646,201$126,045,218
96$208,018,142$36,571,636$21,231,638$137,994,255
97$229,126,437$38,254,090$21,833,342$151,127,442
98$252,384,326$40,015,534$22,451,752$165,564,158
99$278,010,961$41,859,728$23,087,319$181,435,901
100$306,247,840$43,790,616$23,740,505$198,887,516