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

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 $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%16.9%
1 years$668,890$662,932$657,119$651,446$645,905$627,746
2 years$331,134$324,967$318,990$313,195$307,574$289,417
3 years$218,563$212,369$206,408$200,667$195,138$177,552
4 years$162,289$156,114$150,212$144,569$139,174$122,294
5 years$128,533$122,395$116,571$111,043$105,798$89,671
6 years$106,036$99,945$94,206$88,802$83,714$68,355
7 years$89,974$83,934$78,286$73,009$68,082$53,490
8 years$77,932$71,947$66,393$61,245$56,481$42,649
9 years$68,572$62,642$57,184$52,168$47,565$34,479
10 years$61,087$55,216$49,854$44,969$40,528$28,171
11 years$54,968$49,156$43,891$39,136$34,855$23,207
12 years$49,872$44,120$38,952$34,328$30,205$19,244
13 years$45,564$39,871$34,801$30,306$26,339$16,041
14 years$41,874$36,242$31,269$26,903$23,089$13,429
15 years$38,679$33,108$28,232$23,992$20,329$11,281
16 years$35,886$30,376$25,596$21,483$17,967$9,504
17 years$33,424$27,975$23,291$19,302$15,931$8,026
18 years$31,239$25,850$21,262$17,395$14,165$6,791
19 years$29,285$23,957$19,464$15,718$12,625$5,756
20 years$27,529$22,262$17,863$14,236$11,277$4,886
21 years$25,943$20,737$16,431$12,920$10,092$4,152
22 years$24,502$19,357$15,144$11,747$9,046$3,532
23 years$23,189$18,104$13,983$10,698$8,120$3,007
24 years$21,987$16,962$12,931$9,757$7,299$2,561
25 years$20,883$15,918$11,977$8,911$6,568$2,184
26 years$19,866$14,961$11,108$8,148$5,916$1,862
27 years$18,925$14,080$10,315$7,458$5,334$1,589
28 years$18,053$13,267$9,589$6,833$4,813$1,356
29 years$17,243$12,516$8,923$6,266$4,346$1,158
30 years$16,488$11,820$8,312$5,751$3,927$989
31 years$15,783$11,174$7,749$5,281$3,550$845
32 years$15,124$10,573$7,230$4,854$3,211$722
33 years$14,506$10,013$6,751$4,463$2,906$617
34 years$13,925$9,490$6,307$4,107$2,631$527
35 years$13,379$9,001$5,897$3,781$2,383$451
36 years$12,865$8,543$5,516$3,482$2,159$385
37 years$12,379$8,114$5,163$3,208$1,957$330
38 years$11,920$7,711$4,835$2,957$1,774$282
39 years$11,486$7,333$4,530$2,726$1,609$241
40 years$11,074$6,976$4,246$2,515$1,459$206
41 years$10,683$6,641$3,981$2,320$1,324$176
42 years$10,312$6,325$3,735$2,141$1,201$151
43 years$9,960$6,026$3,504$1,977$1,090$129
44 years$9,624$5,744$3,290$1,825$990$110
45 years$9,304$5,477$3,089$1,685$898$94
46 years$8,999$5,225$2,901$1,557$816$81
47 years$8,708$4,987$2,726$1,438$741$69
48 years$8,429$4,760$2,561$1,329$673$59
49 years$8,163$4,546$2,407$1,228$611$50
50 years$7,908$4,342$2,263$1,135$555$43

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 $3,572 every year, while hoping to spend $48,746 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: 78/15/7 Blend
62$8,100,000$8,100,000$8,100,000$8,100,000
63$8,929,885$8,500,585$8,375,035$9,618,902
64$9,788,867$8,865,248$8,603,733$10,436,132
65$10,733,833$9,246,146$8,838,459$11,325,448
66$11,773,499$9,644,023$9,079,363$12,299,288
67$12,917,474$10,059,657$9,326,599$13,366,044
68$14,176,340$10,493,865$9,580,324$14,534,954
69$15,561,762$10,947,499$9,840,700$15,816,188
70$17,086,588$11,421,453$10,107,890$17,220,945
71$18,764,979$11,916,663$10,382,063$18,761,555
72$20,612,536$12,434,109$10,663,392$20,451,595
73$22,646,450$12,974,816$10,952,051$22,306,016
74$24,885,664$13,539,857$11,248,220$24,341,283
75$27,351,049$14,130,358$11,552,083$26,575,526
76$30,065,606$14,747,495$11,863,827$29,028,716
77$33,054,677$15,392,501$12,183,645$31,722,842
78$36,346,188$16,066,668$12,511,731$34,682,127
79$39,970,912$16,771,347$12,848,286$37,933,249
80$43,962,755$17,507,954$13,193,515$41,505,591
81$48,359,084$18,277,971$13,547,625$45,431,519
82$53,201,069$19,082,951$13,910,829$49,746,683
83$58,534,082$19,924,519$14,283,346$54,490,353
84$64,408,118$20,804,380$14,665,397$59,705,787
85$70,878,267$21,724,315$15,057,209$65,440,637
86$78,005,237$22,686,194$15,459,013$71,747,395
87$85,855,927$23,691,973$15,871,045$78,683,890
88$94,504,052$24,743,701$16,293,546$86,313,826
89$104,030,848$25,843,524$16,726,762$94,707,383
90$114,525,828$26,993,691$17,170,943$103,941,878
91$126,087,638$28,196,557$17,626,344$114,102,491
92$138,824,978$29,454,589$18,093,228$125,283,064
93$152,857,633$30,770,371$18,571,858$137,586,985
94$168,317,603$32,146,611$19,062,507$151,128,163
95$185,350,347$33,586,143$19,565,449$166,032,094
96$204,116,158$35,091,940$20,080,968$182,437,048
97$224,791,675$36,667,113$20,609,348$200,495,368
98$247,571,547$38,314,924$21,150,883$220,374,901
99$272,670,277$40,038,787$21,705,870$242,260,584
100$300,324,240$41,842,282$22,274,611$266,356,182