Can I retire at age 63 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$685,406$679,301$673,344$667,531$661,854$654,397
2 years$339,310$332,991$326,866$320,928$315,168$307,662
3 years$223,960$217,613$211,504$205,622$199,956$192,632
4 years$166,296$159,969$153,921$148,139$142,610$135,526
5 years$131,707$125,417$119,449$113,785$108,410$101,586
6 years$108,655$102,413$96,532$90,995$85,781$79,226
7 years$92,195$86,006$80,219$74,812$69,763$63,479
8 years$79,857$73,723$68,032$62,758$57,875$51,862
9 years$70,265$64,189$58,596$53,456$48,739$42,994
10 years$62,596$56,580$51,085$46,079$41,528$36,048
11 years$56,325$50,370$44,975$40,103$35,716$30,495
12 years$51,104$45,209$39,914$35,176$30,950$25,984
13 years$46,689$40,856$35,660$31,055$26,989$22,271
14 years$42,908$37,137$32,041$27,567$23,659$19,182
15 years$39,634$33,925$28,929$24,585$20,831$16,589
16 years$36,772$31,126$26,228$22,013$18,411$14,396
17 years$34,250$28,665$23,867$19,779$16,324$12,529
18 years$32,010$26,488$21,787$17,824$14,515$10,932
19 years$30,008$24,549$19,945$16,106$12,937$9,558
20 years$28,209$22,812$18,305$14,587$11,556$8,372
21 years$26,583$21,249$16,837$13,239$10,341$7,346
22 years$25,107$19,835$15,518$12,037$9,269$6,454
23 years$23,762$18,551$14,328$10,962$8,321$5,677
24 years$22,530$17,381$13,251$9,998$7,479$4,998
25 years$21,399$16,311$12,273$9,131$6,730$4,405
26 years$20,356$15,330$11,382$8,349$6,062$3,886
27 years$19,392$14,427$10,570$7,642$5,465$3,430
28 years$18,499$13,595$9,826$7,002$4,931$3,029
29 years$17,669$12,825$9,144$6,421$4,453$2,677
30 years$16,895$12,112$8,517$5,893$4,024$2,367
31 years$16,173$11,450$7,940$5,412$3,638$2,093
32 years$15,497$10,834$7,408$4,974$3,291$1,852
33 years$14,864$10,260$6,917$4,574$2,978$1,639
34 years$14,269$9,724$6,463$4,208$2,696$1,451
35 years$13,710$9,223$6,042$3,874$2,442$1,285
36 years$13,182$8,754$5,653$3,568$2,213$1,138
37 years$12,685$8,314$5,291$3,287$2,005$1,009
38 years$12,214$7,902$4,955$3,030$1,818$894
39 years$11,769$7,514$4,642$2,794$1,649$792
40 years$11,347$7,149$4,351$2,577$1,495$702
41 years$10,947$6,805$4,080$2,377$1,357$622
42 years$10,567$6,481$3,827$2,194$1,231$552
43 years$10,206$6,175$3,591$2,025$1,117$489
44 years$9,862$5,886$3,371$1,870$1,014$434
45 years$9,534$5,613$3,165$1,727$921$385
46 years$9,221$5,354$2,973$1,595$836$341
47 years$8,923$5,110$2,793$1,474$759$303
48 years$8,637$4,878$2,624$1,362$689$268
49 years$8,365$4,658$2,467$1,259$626$238
50 years$8,104$4,450$2,319$1,163$569$211

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $8,300,000, adding $3,686 every year, while hoping to spend $44,637 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: 51/29/20 Blend
62$8,300,000$8,300,000$8,300,000$8,300,000
63$9,150,402$8,710,502$8,581,852$9,566,122
64$10,036,250$9,089,823$8,821,851$10,232,728
65$11,010,958$9,486,235$9,068,393$10,952,196
66$12,083,543$9,900,528$9,321,652$11,733,503
67$13,263,940$10,333,530$9,581,803$12,582,522
68$14,563,095$10,786,106$9,849,027$13,505,707
69$15,993,071$11,259,165$10,123,509$14,510,150
70$17,567,157$11,753,658$10,405,440$15,603,650
71$19,299,998$12,270,578$10,695,013$16,794,780
72$21,207,730$12,810,968$10,992,428$18,092,967
73$23,308,134$13,375,921$11,297,890$19,508,579
74$25,620,801$13,966,578$11,611,606$21,053,017
75$28,167,319$14,584,137$11,933,792$22,738,824
76$30,971,479$15,229,853$12,264,667$24,579,796
77$34,059,492$15,905,038$12,604,455$26,591,112
78$37,460,243$16,611,068$12,953,388$28,789,471
79$41,205,562$17,349,384$13,311,700$31,193,250
80$45,330,521$18,121,496$13,679,634$33,822,669
81$49,873,769$18,928,984$14,057,436$36,699,982
82$54,877,893$19,773,504$14,445,360$39,849,680
83$60,389,823$20,656,790$14,843,665$43,298,720
84$66,461,273$21,580,661$15,252,616$47,076,774
85$73,149,230$22,547,020$15,672,485$51,216,505
86$80,516,488$23,557,861$16,103,550$55,753,870
87$88,632,247$24,615,274$16,546,096$60,728,455
88$97,572,761$25,721,446$17,000,415$66,183,841
89$107,422,057$26,878,672$17,466,804$72,168,015
90$118,272,733$28,089,354$17,945,568$78,733,811
91$130,226,828$29,356,008$18,437,020$85,939,407
92$143,396,784$30,681,272$18,941,480$93,848,868
93$157,906,510$32,067,908$19,459,274$102,532,741
94$173,892,551$33,518,812$19,990,736$112,068,717
95$191,505,374$35,037,017$20,536,209$122,542,355
96$210,910,793$36,625,702$21,096,043$134,047,885
97$232,291,529$38,288,196$21,670,595$146,689,088
98$255,848,936$40,027,989$22,260,231$160,580,265
99$281,804,904$41,848,737$22,865,325$175,847,315
100$310,403,952$43,754,272$23,486,261$192,628,905