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

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$718,438$712,038$705,795$699,701$693,750$684,797
2 years$355,662$349,038$342,619$336,395$330,357$321,350
3 years$234,753$228,100$221,697$215,531$209,592$200,811
4 years$174,310$167,678$161,339$155,278$149,483$140,995
5 years$138,054$131,462$125,205$119,269$113,635$105,465
6 years$113,891$107,348$101,185$95,380$89,915$82,073
7 years$96,638$90,151$84,085$78,417$73,125$65,614
8 years$83,705$77,276$71,311$65,782$60,664$53,483
9 years$73,651$67,283$61,420$56,032$51,088$44,234
10 years$65,612$59,306$53,547$48,300$43,530$36,997
11 years$59,040$52,797$47,142$42,035$37,437$31,221
12 years$53,566$47,388$41,837$36,871$32,442$26,535
13 years$48,939$42,825$37,379$32,551$28,290$22,684
14 years$44,976$38,926$33,585$28,895$24,799$19,486
15 years$41,544$35,560$30,323$25,770$21,835$16,806
16 years$38,544$32,626$27,492$23,074$19,298$14,544
17 years$35,900$30,047$25,017$20,732$17,111$12,622
18 years$33,553$27,765$22,837$18,683$15,214$10,981
19 years$31,454$25,732$20,906$16,882$13,561$9,574
20 years$29,569$23,911$19,187$15,290$12,113$8,361
21 years$27,864$22,273$17,648$13,877$10,839$7,314
22 years$26,317$20,791$16,265$12,617$9,716$6,406
23 years$24,907$19,445$15,018$11,491$8,722$5,618
24 years$23,616$18,219$13,889$10,480$7,839$4,931
25 years$22,430$17,097$12,864$9,571$7,054$4,333
26 years$21,337$16,069$11,931$8,751$6,354$3,809
27 years$20,327$15,123$11,079$8,010$5,729$3,352
28 years$19,390$14,250$10,299$7,339$5,169$2,951
29 years$18,520$13,443$9,584$6,730$4,668$2,599
30 years$17,709$12,696$8,928$6,177$4,217$2,290
31 years$16,953$12,002$8,323$5,673$3,813$2,019
32 years$16,244$11,356$7,765$5,213$3,449$1,781
33 years$15,580$10,754$7,251$4,794$3,121$1,571
34 years$14,957$10,193$6,775$4,411$2,826$1,386
35 years$14,370$9,668$6,334$4,061$2,560$1,223
36 years$13,818$9,176$5,925$3,740$2,319$1,080
37 years$13,296$8,715$5,546$3,446$2,102$953
38 years$12,803$8,282$5,193$3,176$1,906$842
39 years$12,336$7,876$4,866$2,928$1,728$744
40 years$11,894$7,493$4,561$2,701$1,567$657
41 years$11,475$7,133$4,276$2,492$1,422$580
42 years$11,076$6,793$4,011$2,300$1,290$513
43 years$10,697$6,472$3,764$2,123$1,171$453
44 years$10,337$6,169$3,533$1,960$1,063$400
45 years$9,993$5,883$3,318$1,810$965$354
46 years$9,665$5,612$3,116$1,672$876$313
47 years$9,353$5,356$2,927$1,545$796$276
48 years$9,054$5,113$2,751$1,428$723$244
49 years$8,768$4,883$2,586$1,319$656$216
50 years$8,494$4,664$2,431$1,219$596$191

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 $5,410 every year, while hoping to spend $35,858 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: 57/30/13 Blend
62$8,700,000$8,700,000$8,700,000$8,700,000
63$9,592,980$9,131,880$8,997,030$10,107,903
64$10,533,312$9,541,190$9,260,278$10,866,117
65$11,568,355$9,969,354$9,531,143$11,687,497
66$12,707,733$10,417,258$9,809,842$12,581,682
67$13,962,049$10,885,831$10,096,599$13,555,654
68$15,342,986$11,376,045$10,391,644$14,617,088
69$16,863,419$11,888,919$10,695,211$15,774,425
70$18,537,532$12,425,520$11,007,545$17,036,942
71$20,380,957$12,986,967$11,328,894$18,414,845
72$22,410,918$13,574,432$11,659,516$19,919,356
73$24,646,394$14,189,142$11,999,673$21,562,819
74$27,108,301$14,832,384$12,349,636$23,358,811
75$29,819,683$15,505,507$12,709,685$25,322,271
76$32,805,936$16,209,922$13,080,104$27,469,634
77$36,095,043$16,947,110$13,461,189$29,818,982
78$39,717,840$17,718,621$13,853,242$32,390,213
79$43,708,308$18,526,081$14,256,573$35,205,226
80$48,103,889$19,371,193$14,671,503$38,288,119
81$52,945,846$20,255,741$15,098,358$41,665,415
82$58,279,646$21,181,597$15,537,477$45,366,310
83$64,155,393$22,150,718$15,989,206$49,422,939
84$70,628,301$23,165,161$16,453,901$53,870,677
85$77,759,210$24,227,076$16,931,929$58,748,469
86$85,615,166$25,338,720$17,423,666$64,099,189
87$94,270,053$26,502,457$17,929,498$69,970,042
88$103,805,285$27,720,764$18,449,824$76,413,002
89$114,310,581$28,996,238$18,985,050$83,485,296
90$125,884,808$30,331,602$19,535,596$91,249,940
91$138,636,914$31,729,706$20,101,895$99,776,324
92$152,686,959$33,193,541$20,684,387$109,140,863
93$168,167,244$34,726,240$21,283,530$119,427,708
94$185,223,564$36,331,086$21,899,789$130,729,536
95$204,016,581$38,011,523$22,533,646$143,148,413
96$224,723,343$39,771,158$23,185,593$156,796,750
97$247,538,952$41,613,773$23,856,139$171,798,359
98$272,678,409$43,543,332$24,545,803$188,289,608
99$300,378,641$45,563,989$25,255,122$206,420,699
100$330,900,737$47,680,100$25,984,644$226,357,079