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

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$701,922$695,670$689,570$683,616$677,802$671,282
2 years$347,486$341,015$334,743$328,661$322,763$316,195
3 years$229,356$222,857$216,601$210,577$204,774$198,362
4 years$170,303$163,823$157,630$151,709$146,047$139,839
5 years$134,880$128,439$122,327$116,527$111,022$105,038
6 years$111,273$104,880$98,859$93,187$87,848$82,095
7 years$94,417$88,078$82,152$76,614$71,444$65,924
8 years$81,781$75,500$69,671$64,270$59,270$53,983
9 years$71,958$65,736$60,008$54,744$49,914$44,858
10 years$64,104$57,943$52,316$47,190$42,529$37,701
11 years$57,683$51,583$46,058$41,069$36,576$31,973
12 years$52,335$46,298$40,876$36,023$31,696$27,313
13 years$47,814$41,840$36,520$31,803$27,640$23,471
14 years$43,942$38,032$32,813$28,231$24,229$20,269
15 years$40,589$34,743$29,626$25,177$21,333$17,576
16 years$37,658$31,876$26,860$22,544$18,854$15,295
17 years$35,075$29,356$24,442$20,255$16,717$13,349
18 years$32,781$27,126$22,312$18,254$14,864$11,680
19 years$30,731$25,141$20,426$16,494$13,249$10,242
20 years$28,889$23,362$18,746$14,939$11,834$8,998
21 years$27,224$21,761$17,242$13,558$10,590$7,918
22 years$25,712$20,313$15,892$12,327$9,493$6,977
23 years$24,334$18,998$14,673$11,226$8,521$6,156
24 years$23,073$17,800$13,570$10,239$7,659$5,437
25 years$21,914$16,704$12,569$9,351$6,892$4,807
26 years$20,847$15,699$11,657$8,550$6,208$4,254
27 years$19,860$14,775$10,824$7,826$5,597$3,766
28 years$18,945$13,922$10,063$7,170$5,050$3,337
29 years$18,094$13,134$9,364$6,575$4,560$2,959
30 years$17,302$12,404$8,722$6,035$4,121$2,624
31 years$16,563$11,726$8,132$5,542$3,725$2,329
32 years$15,871$11,095$7,587$5,093$3,370$2,067
33 years$15,222$10,507$7,084$4,684$3,050$1,836
34 years$14,613$9,958$6,619$4,310$2,761$1,631
35 years$14,040$9,445$6,188$3,967$2,501$1,449
36 years$13,500$8,965$5,789$3,654$2,266$1,288
37 years$12,990$8,515$5,418$3,366$2,054$1,145
38 years$12,509$8,092$5,074$3,103$1,862$1,018
39 years$12,053$7,695$4,754$2,861$1,688$905
40 years$11,621$7,321$4,456$2,639$1,531$805
41 years$11,211$6,969$4,178$2,435$1,389$716
42 years$10,822$6,637$3,919$2,247$1,261$637
43 years$10,452$6,324$3,678$2,074$1,144$567
44 years$10,099$6,028$3,452$1,915$1,039$504
45 years$9,763$5,748$3,241$1,769$943$449
46 years$9,443$5,483$3,044$1,634$856$399
47 years$9,138$5,233$2,860$1,509$777$355
48 years$8,846$4,995$2,688$1,395$706$316
49 years$8,566$4,770$2,526$1,289$641$282
50 years$8,299$4,557$2,375$1,191$582$251

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 $3,011 every year, while hoping to spend $30,971 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: 46/36/18 Blend
62$8,500,000$8,500,000$8,500,000$8,500,000
63$9,370,106$8,919,606$8,787,856$9,752,880
64$10,292,904$9,323,714$9,049,296$10,424,453
65$11,308,789$9,746,585$9,318,457$11,149,263
66$12,427,224$10,189,106$9,595,563$11,934,960
67$13,658,635$10,652,206$9,880,849$12,787,221
68$15,014,510$11,136,859$10,174,552$13,712,284
69$16,507,510$11,644,084$10,476,919$14,716,996
70$18,151,583$12,174,952$10,788,203$15,808,881
71$19,962,102$12,730,582$11,108,665$16,996,200
72$21,956,003$13,312,147$11,438,573$18,288,035
73$24,151,953$13,920,880$11,778,202$19,694,363
74$26,570,517$14,558,068$12,127,837$21,226,149
75$29,234,359$15,225,063$12,487,768$22,895,445
76$32,168,453$15,923,280$12,858,298$24,715,504
77$35,400,319$16,654,204$13,239,734$26,700,892
78$38,960,281$17,419,390$13,632,395$28,867,629
79$42,881,757$18,220,467$14,036,608$31,233,332
80$47,201,571$19,059,145$14,452,709$33,817,374
81$51,960,301$19,937,213$14,881,044$36,641,066
82$57,202,662$20,856,547$15,321,970$39,727,851
83$62,977,931$21,819,115$15,775,853$43,103,518
84$69,340,405$22,826,977$16,243,070$46,796,442
85$76,349,922$23,882,294$16,724,008$50,837,841
86$84,072,419$24,987,331$17,219,067$55,262,072
87$92,580,557$26,144,462$17,728,657$60,106,940
88$101,954,406$27,356,173$18,253,200$65,414,052
89$112,282,203$28,625,073$18,793,129$71,229,204
90$123,661,182$29,953,895$19,348,893$77,602,800
91$136,198,491$31,345,505$19,920,949$84,590,324
92$150,012,208$32,802,905$20,509,772$92,252,854
93$165,232,450$34,329,244$21,115,846$100,657,628
94$182,002,605$35,927,823$21,739,672$109,878,673
95$200,480,684$37,602,099$22,381,765$119,997,489
96$220,840,812$39,355,701$23,042,652$131,103,812
97$243,274,873$41,192,428$23,722,879$143,296,448
98$267,994,320$43,116,267$24,423,005$156,684,196
99$295,232,170$45,131,394$25,143,606$171,386,864
100$325,245,208$47,242,188$25,885,273$187,536,383