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

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$710,180$703,854$697,682$691,658$685,776$669,198
2 years$351,574$345,026$338,681$332,528$326,560$309,957
3 years$232,055$225,479$219,149$213,054$207,183$191,075
4 years$172,307$165,751$159,484$153,493$147,765$132,275
5 years$136,467$129,951$123,766$117,898$112,328$97,500
6 years$112,582$106,114$100,022$94,284$88,882$74,730
7 years$95,528$89,115$83,118$77,516$72,285$58,812
8 years$82,743$76,388$70,491$65,026$59,967$47,167
9 years$72,804$66,509$60,714$55,388$50,501$38,363
10 years$64,858$58,625$52,932$47,745$43,029$31,540
11 years$58,361$52,190$46,600$41,552$37,007$26,150
12 years$52,951$46,843$41,357$36,447$32,069$21,827
13 years$48,376$42,332$36,949$32,177$27,965$18,317
14 years$44,459$38,479$33,199$28,563$24,514$15,439
15 years$41,066$35,151$29,974$25,473$21,584$13,061
16 years$38,101$32,251$27,176$22,809$19,076$11,083
17 years$35,488$29,702$24,729$20,493$16,914$9,428
18 years$33,167$27,446$22,575$18,469$15,039$8,037
19 years$31,093$25,436$20,666$16,688$13,405$6,863
20 years$29,229$23,637$18,966$15,114$11,973$5,870
21 years$27,544$22,017$17,445$13,717$10,715$5,026
22 years$26,015$20,552$16,078$12,472$9,604$4,309
23 years$24,621$19,222$14,846$11,359$8,621$3,697
24 years$23,344$18,009$13,730$10,360$7,749$3,175
25 years$22,172$16,901$12,716$9,461$6,973$2,728
26 years$21,092$15,884$11,794$8,651$6,281$2,346
27 years$20,093$14,949$10,952$7,918$5,663$2,018
28 years$19,168$14,086$10,181$7,255$5,110$1,736
29 years$18,307$13,289$9,474$6,653$4,614$1,495
30 years$17,506$12,550$8,825$6,106$4,169$1,287
31 years$16,758$11,864$8,227$5,607$3,769$1,109
32 years$16,058$11,225$7,676$5,153$3,409$955
33 years$15,401$10,631$7,167$4,739$3,086$823
34 years$14,785$10,076$6,697$4,360$2,794$710
35 years$14,205$9,556$6,261$4,014$2,530$612
36 years$13,659$9,070$5,857$3,697$2,293$527
37 years$13,143$8,615$5,482$3,406$2,078$455
38 years$12,656$8,187$5,134$3,139$1,884$392
39 years$12,195$7,785$4,810$2,895$1,708$338
40 years$11,758$7,407$4,508$2,670$1,549$292
41 years$11,343$7,051$4,227$2,463$1,406$252
42 years$10,949$6,715$3,965$2,273$1,276$217
43 years$10,575$6,398$3,721$2,099$1,158$187
44 years$10,218$6,099$3,493$1,938$1,051$161
45 years$9,878$5,816$3,279$1,790$954$139
46 years$9,554$5,548$3,080$1,653$866$120
47 years$9,245$5,294$2,894$1,527$786$104
48 years$8,950$5,054$2,719$1,411$714$89
49 years$8,667$4,826$2,556$1,304$649$77
50 years$8,397$4,610$2,403$1,205$589$67

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 $4,864 every year, while hoping to spend $53,186 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: 50/25/25 Blend
62$8,600,000$8,600,000$8,600,000$8,600,000
63$9,482,217$9,026,417$8,893,117$9,889,279
64$10,392,814$9,412,122$9,134,447$10,558,935
65$11,394,509$9,814,944$9,382,079$11,280,619
66$12,496,538$10,235,666$9,636,168$12,063,953
67$13,709,077$10,675,106$9,896,872$12,914,801
68$15,043,339$11,134,122$10,164,354$13,839,607
69$16,511,678$11,613,612$10,438,778$14,845,457
70$18,127,706$12,114,516$10,720,313$15,940,141
71$19,906,422$12,637,817$11,009,133$17,132,227
72$21,864,351$13,184,544$11,305,414$18,431,135
73$24,019,705$13,755,777$11,609,335$19,847,230
74$26,392,549$14,352,644$11,921,082$21,391,912
75$29,004,992$14,976,326$12,240,841$23,077,720
76$31,881,396$15,628,062$12,568,805$24,918,454
77$35,048,608$16,309,146$12,905,169$26,929,296
78$38,536,208$17,020,936$13,250,133$29,126,951
79$42,376,791$17,764,851$13,603,903$31,529,806
80$46,606,274$18,542,380$13,966,685$34,158,096
81$51,264,238$19,355,080$14,338,692$37,034,092
82$56,394,293$20,204,583$14,720,141$40,182,307
83$62,044,499$21,092,595$15,111,254$43,629,729
84$68,267,813$22,020,907$15,512,256$47,406,064
85$75,122,590$22,991,392$15,923,376$51,544,016
86$82,673,135$24,006,011$16,344,851$56,079,593
87$90,990,309$25,066,820$16,776,917$61,052,441
88$100,152,197$26,175,970$17,219,821$66,506,212
89$110,244,845$27,335,717$17,673,809$72,488,973
90$121,363,073$28,548,421$18,139,135$79,053,654
91$133,611,368$29,816,554$18,616,057$86,258,543
92$147,104,870$31,142,708$19,104,838$94,167,830
93$161,970,461$32,529,596$19,605,744$102,852,208
94$178,347,961$33,980,059$20,119,050$112,389,534
95$196,391,446$35,497,075$20,645,031$122,865,556
96$216,270,705$37,083,762$21,183,970$134,374,718
97$238,172,838$38,743,388$21,736,155$147,021,046
98$262,304,029$40,479,376$22,301,878$160,919,119
99$288,891,485$42,295,309$22,881,435$176,195,145
100$318,185,582$44,194,946$23,475,129$192,988,146