Can I retire at age 63 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$710,180$703,854$697,682$691,658$685,776$682,599
2 years$351,574$345,026$338,681$332,528$326,560$323,354
3 years$232,055$225,479$219,149$213,054$207,183$204,046
4 years$172,307$165,751$159,484$153,493$147,765$144,721
5 years$136,467$129,951$123,766$117,898$112,328$109,387
6 years$112,582$106,114$100,022$94,284$88,882$86,047
7 years$95,528$89,115$83,118$77,516$72,285$69,558
8 years$82,743$76,388$70,491$65,026$59,967$57,348
9 years$72,804$66,509$60,714$55,388$50,501$47,990
10 years$64,858$58,625$52,932$47,745$43,029$40,624
11 years$58,361$52,190$46,600$41,552$37,007$34,706
12 years$52,951$46,843$41,357$36,447$32,069$29,872
13 years$48,376$42,332$36,949$32,177$27,965$25,868
14 years$44,459$38,479$33,199$28,563$24,514$22,516
15 years$41,066$35,151$29,974$25,473$21,584$19,682
16 years$38,101$32,251$27,176$22,809$19,076$17,267
17 years$35,488$29,702$24,729$20,493$16,914$15,196
18 years$33,167$27,446$22,575$18,469$15,039$13,409
19 years$31,093$25,436$20,666$16,688$13,405$11,860
20 years$29,229$23,637$18,966$15,114$11,973$10,511
21 years$27,544$22,017$17,445$13,717$10,715$9,331
22 years$26,015$20,552$16,078$12,472$9,604$8,297
23 years$24,621$19,222$14,846$11,359$8,621$7,387
24 years$23,344$18,009$13,730$10,360$7,749$6,585
25 years$22,172$16,901$12,716$9,461$6,973$5,876
26 years$21,092$15,884$11,794$8,651$6,281$5,248
27 years$20,093$14,949$10,952$7,918$5,663$4,691
28 years$19,168$14,086$10,181$7,255$5,110$4,197
29 years$18,307$13,289$9,474$6,653$4,614$3,757
30 years$17,506$12,550$8,825$6,106$4,169$3,365
31 years$16,758$11,864$8,227$5,607$3,769$3,015
32 years$16,058$11,225$7,676$5,153$3,409$2,703
33 years$15,401$10,631$7,167$4,739$3,086$2,424
34 years$14,785$10,076$6,697$4,360$2,794$2,175
35 years$14,205$9,556$6,261$4,014$2,530$1,952
36 years$13,659$9,070$5,857$3,697$2,293$1,753
37 years$13,143$8,615$5,482$3,406$2,078$1,574
38 years$12,656$8,187$5,134$3,139$1,884$1,414
39 years$12,195$7,785$4,810$2,895$1,708$1,270
40 years$11,758$7,407$4,508$2,670$1,549$1,141
41 years$11,343$7,051$4,227$2,463$1,406$1,026
42 years$10,949$6,715$3,965$2,273$1,276$922
43 years$10,575$6,398$3,721$2,099$1,158$829
44 years$10,218$6,099$3,493$1,938$1,051$745
45 years$9,878$5,816$3,279$1,790$954$670
46 years$9,554$5,548$3,080$1,653$866$603
47 years$9,245$5,294$2,894$1,527$786$542
48 years$8,950$5,054$2,719$1,411$714$488
49 years$8,667$4,826$2,556$1,304$649$439
50 years$8,397$4,610$2,403$1,205$589$394

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $8,600,000, adding $3,984 every year, while hoping to spend $44,365 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: 66/10/24 Blend
62$8,600,000$8,600,000$8,600,000$8,600,000
63$9,481,309$9,025,509$8,892,209$10,048,016
64$10,401,199$9,420,555$9,142,894$10,824,809
65$11,413,430$9,833,472$9,400,491$11,668,353
66$12,527,376$10,265,087$9,665,182$12,589,601
67$13,753,361$10,716,270$9,937,159$13,596,202
68$15,102,765$11,187,928$10,216,615$14,696,575
69$16,588,125$11,681,015$10,503,750$15,899,988
70$18,223,256$12,196,526$10,798,767$17,216,644
71$20,023,378$12,735,506$11,101,876$18,657,775
72$22,005,266$13,299,049$11,413,292$20,235,749
73$24,187,401$13,888,300$11,733,235$21,964,183
74$26,590,147$14,504,459$12,061,930$23,858,071
75$29,235,947$15,148,781$12,399,609$25,933,924
76$32,149,526$15,822,584$12,746,509$28,209,923
77$35,358,133$16,527,246$13,102,872$30,706,092
78$38,891,793$17,264,212$13,468,949$33,444,481
79$42,783,590$18,034,993$13,844,993$36,449,377
80$47,069,984$18,841,174$14,231,267$39,747,526
81$51,791,147$19,684,417$14,628,039$43,368,390
82$56,991,349$20,566,458$15,035,584$47,344,417
83$62,719,373$21,489,122$15,454,183$51,711,349
84$69,028,976$22,454,315$15,884,125$56,508,556
85$75,979,393$23,464,038$16,325,705$61,779,404
86$83,635,901$24,520,386$16,779,225$67,571,667
87$92,070,431$25,625,553$17,244,997$73,937,967
88$101,362,248$26,781,838$17,723,338$80,936,277
89$111,598,701$27,991,651$18,214,573$88,630,460
90$122,876,043$29,257,517$18,719,036$97,090,872
91$135,300,343$30,582,080$19,237,068$106,395,021
92$148,988,488$31,968,111$19,769,019$116,628,298
93$164,069,279$33,418,514$20,315,247$127,884,777
94$180,684,656$34,936,331$20,876,118$140,268,104
95$198,991,031$36,524,752$21,452,008$153,892,468
96$219,160,768$38,187,116$22,043,302$168,883,680
97$241,383,806$39,926,925$22,650,392$185,380,350
98$265,869,456$41,747,846$23,273,683$203,535,201
99$292,848,374$43,653,724$23,913,585$223,516,498
100$322,574,740$45,648,588$24,570,521$245,509,640