Can I retire at age 63 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$701,922$695,670$689,570$683,616$677,802$653,233
2 years$347,486$341,015$334,743$328,661$322,763$298,280
3 years$229,356$222,857$216,601$210,577$204,774$181,147
4 years$170,303$163,823$157,630$151,709$146,047$123,455
5 years$134,880$128,439$122,327$116,527$111,022$89,526
6 years$111,273$104,880$98,859$93,187$87,848$67,462
7 years$94,417$88,078$82,152$76,614$71,444$52,164
8 years$81,781$75,500$69,671$64,270$59,270$41,079
9 years$71,958$65,736$60,008$54,744$49,914$32,787
10 years$64,104$57,943$52,316$47,190$42,529$26,437
11 years$57,683$51,583$46,058$41,069$36,576$21,485
12 years$52,335$46,298$40,876$36,023$31,696$17,569
13 years$47,814$41,840$36,520$31,803$27,640$14,438
14 years$43,942$38,032$32,813$28,231$24,229$11,911
15 years$40,589$34,743$29,626$25,177$21,333$9,859
16 years$37,658$31,876$26,860$22,544$18,854$8,181
17 years$35,075$29,356$24,442$20,255$16,717$6,803
18 years$32,781$27,126$22,312$18,254$14,864$5,667
19 years$30,731$25,141$20,426$16,494$13,249$4,728
20 years$28,889$23,362$18,746$14,939$11,834$3,949
21 years$27,224$21,761$17,242$13,558$10,590$3,302
22 years$25,712$20,313$15,892$12,327$9,493$2,763
23 years$24,334$18,998$14,673$11,226$8,521$2,313
24 years$23,073$17,800$13,570$10,239$7,659$1,938
25 years$21,914$16,704$12,569$9,351$6,892$1,625
26 years$20,847$15,699$11,657$8,550$6,208$1,363
27 years$19,860$14,775$10,824$7,826$5,597$1,143
28 years$18,945$13,922$10,063$7,170$5,050$959
29 years$18,094$13,134$9,364$6,575$4,560$805
30 years$17,302$12,404$8,722$6,035$4,121$676
31 years$16,563$11,726$8,132$5,542$3,725$567
32 years$15,871$11,095$7,587$5,093$3,370$476
33 years$15,222$10,507$7,084$4,684$3,050$400
34 years$14,613$9,958$6,619$4,310$2,761$336
35 years$14,040$9,445$6,188$3,967$2,501$282
36 years$13,500$8,965$5,789$3,654$2,266$237
37 years$12,990$8,515$5,418$3,366$2,054$199
38 years$12,509$8,092$5,074$3,103$1,862$167
39 years$12,053$7,695$4,754$2,861$1,688$141
40 years$11,621$7,321$4,456$2,639$1,531$118
41 years$11,211$6,969$4,178$2,435$1,389$99
42 years$10,822$6,637$3,919$2,247$1,261$83
43 years$10,452$6,324$3,678$2,074$1,144$70
44 years$10,099$6,028$3,452$1,915$1,039$59
45 years$9,763$5,748$3,241$1,769$943$49
46 years$9,443$5,483$3,044$1,634$856$42
47 years$9,138$5,233$2,860$1,509$777$35
48 years$8,846$4,995$2,688$1,395$706$29
49 years$8,566$4,770$2,526$1,289$641$25
50 years$8,299$4,557$2,375$1,191$582$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $8,500,000, adding $4,544 every year, while hoping to spend $43,872 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: 85/9/6 Blend
62$8,500,000$8,500,000$8,500,000$8,500,000
63$9,371,687$8,921,187$8,789,437$10,165,305
64$10,280,920$9,311,646$9,037,204$11,073,994
65$11,281,424$9,719,767$9,291,800$12,065,621
66$12,382,462$10,146,369$9,553,409$13,153,603
67$13,594,242$10,592,310$9,822,217$14,347,593
68$14,928,010$11,058,488$10,098,417$15,658,223
69$16,396,158$11,545,844$10,382,204$17,097,201
70$18,012,339$12,055,364$10,673,781$18,677,422
71$19,791,600$12,588,079$10,973,355$20,413,091
72$21,750,519$13,145,071$11,281,138$22,319,851
73$23,907,363$13,727,470$11,597,347$24,414,935
74$26,282,261$14,336,463$11,922,205$26,717,323
75$28,897,394$14,973,292$12,255,941$29,247,922
76$31,777,202$15,639,257$12,598,789$32,029,764
77$34,948,617$16,335,721$12,950,989$35,088,221
78$38,441,315$17,064,111$13,312,787$38,451,239
79$42,287,999$17,825,923$13,684,435$42,149,608
80$46,524,704$18,622,721$14,066,192$46,217,245
81$51,191,137$19,456,148$14,458,323$50,691,518
82$56,331,055$20,327,921$14,861,099$55,613,592
83$61,992,675$21,239,842$15,274,799$61,028,819
84$68,229,130$22,193,796$15,699,706$66,987,164
85$75,098,969$23,191,760$16,136,114$73,543,676
86$82,666,711$24,235,804$16,584,321$80,759,004
87$91,003,454$25,328,096$17,044,634$88,699,970
88$100,187,544$26,470,911$17,517,367$97,440,193
89$110,305,316$27,666,627$18,002,841$107,060,790
90$121,451,908$28,917,742$18,501,386$117,651,133
91$133,732,158$30,226,867$19,013,339$129,309,691
92$147,261,598$31,596,743$19,539,045$142,144,962
93$162,167,536$33,030,238$20,078,858$156,276,490
94$178,590,265$34,530,361$20,633,140$171,835,995
95$196,684,384$36,100,261$21,202,262$188,968,609
96$216,620,258$37,743,240$21,786,605$207,834,249
97$238,585,624$39,462,758$22,386,556$228,609,119
98$262,787,365$41,262,441$23,002,513$251,487,375
99$289,453,463$43,146,088$23,634,884$276,682,951
100$318,835,150$45,117,679$24,284,086$304,431,577