Can I retire at age 63 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$718,438$712,038$705,795$699,701$693,750$680,299
2 years$355,662$349,038$342,619$336,395$330,357$316,860
3 years$234,753$228,100$221,697$215,531$209,592$196,470
4 years$174,310$167,678$161,339$155,278$149,483$136,837
5 years$138,054$131,462$125,205$119,269$113,635$101,500
6 years$113,891$107,348$101,185$95,380$89,915$78,306
7 years$96,638$90,151$84,085$78,417$73,125$62,044
8 years$83,705$77,276$71,311$65,782$60,664$50,108
9 years$73,651$67,283$61,420$56,032$51,088$41,050
10 years$65,612$59,306$53,547$48,300$43,530$34,000
11 years$59,040$52,797$47,142$42,035$37,437$28,405
12 years$53,566$47,388$41,837$36,871$32,442$23,895
13 years$48,939$42,825$37,379$32,551$28,290$20,214
14 years$44,976$38,926$33,585$28,895$24,799$17,178
15 years$41,544$35,560$30,323$25,770$21,835$14,654
16 years$38,544$32,626$27,492$23,074$19,298$12,540
17 years$35,900$30,047$25,017$20,732$17,111$10,760
18 years$33,553$27,765$22,837$18,683$15,214$9,254
19 years$31,454$25,732$20,906$16,882$13,561$7,973
20 years$29,569$23,911$19,187$15,290$12,113$6,881
21 years$27,864$22,273$17,648$13,877$10,839$5,947
22 years$26,317$20,791$16,265$12,617$9,716$5,145
23 years$24,907$19,445$15,018$11,491$8,722$4,456
24 years$23,616$18,219$13,889$10,480$7,839$3,863
25 years$22,430$17,097$12,864$9,571$7,054$3,352
26 years$21,337$16,069$11,931$8,751$6,354$2,910
27 years$20,327$15,123$11,079$8,010$5,729$2,527
28 years$19,390$14,250$10,299$7,339$5,169$2,196
29 years$18,520$13,443$9,584$6,730$4,668$1,909
30 years$17,709$12,696$8,928$6,177$4,217$1,661
31 years$16,953$12,002$8,323$5,673$3,813$1,445
32 years$16,244$11,356$7,765$5,213$3,449$1,257
33 years$15,580$10,754$7,251$4,794$3,121$1,094
34 years$14,957$10,193$6,775$4,411$2,826$953
35 years$14,370$9,668$6,334$4,061$2,560$830
36 years$13,818$9,176$5,925$3,740$2,319$723
37 years$13,296$8,715$5,546$3,446$2,102$629
38 years$12,803$8,282$5,193$3,176$1,906$548
39 years$12,336$7,876$4,866$2,928$1,728$478
40 years$11,894$7,493$4,561$2,701$1,567$416
41 years$11,475$7,133$4,276$2,492$1,422$363
42 years$11,076$6,793$4,011$2,300$1,290$316
43 years$10,697$6,472$3,764$2,123$1,171$275
44 years$10,337$6,169$3,533$1,960$1,063$240
45 years$9,993$5,883$3,318$1,810$965$209
46 years$9,665$5,612$3,116$1,672$876$182
47 years$9,353$5,356$2,927$1,545$796$159
48 years$9,054$5,113$2,751$1,428$723$139
49 years$8,768$4,883$2,586$1,319$656$121
50 years$8,494$4,664$2,431$1,219$596$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $8,700,000, adding $5,550 every year, while hoping to spend $37,740 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: 56/31/13 Blend
62$8,700,000$8,700,000$8,700,000$8,700,000
63$9,593,125$9,132,025$8,997,175$10,098,129
64$10,531,468$9,539,339$9,258,425$10,848,272
65$11,564,258$9,965,347$9,527,162$11,660,364
66$12,701,088$10,410,924$9,803,598$12,544,062
67$13,952,528$10,876,989$10,087,948$13,506,217
68$15,330,228$11,364,502$10,380,435$14,554,361
69$16,847,020$11,874,472$10,681,289$15,696,772
70$18,517,048$12,407,954$10,990,745$16,942,553
71$20,355,896$12,966,052$11,309,043$18,301,713
72$22,380,735$13,549,926$11,636,433$19,785,258
73$24,610,486$14,160,788$11,973,170$21,405,294
74$27,065,999$14,799,911$12,319,515$23,175,139
75$29,770,250$15,468,625$12,675,738$25,109,438
76$32,748,555$16,168,328$13,042,115$27,224,307
77$36,028,813$16,900,481$13,418,930$29,537,476
78$39,641,763$17,666,616$13,806,476$32,068,453
79$43,621,282$18,468,339$14,205,052$34,838,707
80$48,004,698$19,307,333$14,614,966$37,871,861
81$52,833,145$20,185,360$15,036,535$41,193,917
82$58,151,950$21,104,267$15,470,083$44,833,491
83$64,011,062$22,065,989$15,915,945$48,822,082
84$70,465,524$23,072,556$16,374,463$53,194,364
85$77,575,989$24,126,093$16,845,989$57,988,506
86$85,409,296$25,228,828$17,330,885$63,246,529
87$94,039,097$26,383,093$17,829,523$69,014,694
88$103,546,557$27,591,336$18,342,284$75,343,936
89$114,021,115$28,856,121$18,869,559$82,290,336
90$125,561,331$30,180,134$19,411,752$89,915,647
91$138,275,816$31,566,190$19,969,275$98,287,865
92$152,284,257$33,017,240$20,542,553$107,481,868
93$167,718,544$34,536,378$21,132,022$117,580,113
94$184,724,019$36,126,844$21,738,128$128,673,407
95$203,460,846$37,792,036$22,361,332$140,861,758
96$224,105,520$39,535,514$23,002,105$154,255,305
97$246,852,539$41,361,010$23,660,931$168,975,357
98$271,916,234$43,272,435$24,338,308$185,155,520
99$299,532,795$45,273,890$25,034,747$202,942,953
100$329,962,500$47,369,670$25,750,770$222,499,748