Can I retire at age 63 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$743,212$736,591$730,133$723,828$717,673$696,654
2 years$367,927$361,074$354,433$347,994$341,749$320,743
3 years$242,848$235,966$229,342$222,963$216,820$196,485
4 years$180,321$173,460$166,902$160,633$154,638$135,130
5 years$142,814$135,995$129,523$123,381$117,553$98,926
6 years$117,818$111,050$104,674$98,669$93,016$75,286
7 years$99,971$93,260$86,984$81,121$75,647$58,814
8 years$86,591$79,941$73,770$68,051$62,756$46,811
9 years$76,191$69,603$63,538$57,964$52,850$37,775
10 years$67,875$61,351$55,394$49,966$45,031$30,806
11 years$61,076$54,618$48,768$43,485$38,728$25,329
12 years$55,414$49,022$43,280$38,142$33,561$20,962
13 years$50,626$44,301$38,668$33,674$29,266$17,438
14 years$46,527$40,269$34,743$29,892$25,654$14,568
15 years$42,977$36,786$31,369$26,658$22,588$12,212
16 years$39,873$33,751$28,440$23,870$19,963$10,266
17 years$37,138$31,083$25,879$21,447$17,701$8,651
18 years$34,710$28,722$23,625$19,328$15,739$7,304
19 years$32,539$26,619$21,627$17,464$14,028$6,177
20 years$30,588$24,736$19,848$15,817$12,530$5,231
21 years$28,825$23,041$18,257$14,355$11,213$4,435
22 years$27,225$21,508$16,826$13,052$10,051$3,763
23 years$25,766$20,116$15,536$11,887$9,022$3,196
24 years$24,430$18,847$14,368$10,841$8,110$2,717
25 years$23,203$17,687$13,308$9,901$7,297$2,310
26 years$22,073$16,623$12,342$9,053$6,573$1,966
27 years$21,028$15,644$11,461$8,286$5,926$1,673
28 years$20,059$14,741$10,654$7,592$5,347$1,425
29 years$19,159$13,907$9,915$6,962$4,829$1,213
30 years$18,320$13,133$9,235$6,390$4,363$1,034
31 years$17,537$12,416$8,610$5,868$3,944$881
32 years$16,804$11,748$8,033$5,393$3,568$751
33 years$16,118$11,125$7,501$4,959$3,229$640
34 years$15,473$10,544$7,008$4,563$2,924$546
35 years$14,866$10,001$6,552$4,201$2,648$465
36 years$14,294$9,492$6,129$3,869$2,399$397
37 years$13,754$9,016$5,737$3,564$2,175$338
38 years$13,244$8,568$5,372$3,285$1,971$289
39 years$12,762$8,147$5,033$3,029$1,788$246
40 years$12,304$7,752$4,718$2,794$1,622$210
41 years$11,870$7,379$4,424$2,578$1,471$179
42 years$11,458$7,027$4,150$2,379$1,335$153
43 years$11,066$6,696$3,894$2,196$1,211$130
44 years$10,693$6,382$3,655$2,028$1,100$111
45 years$10,338$6,086$3,432$1,873$998$95
46 years$9,999$5,806$3,223$1,730$906$81
47 years$9,675$5,541$3,028$1,598$823$69
48 years$9,366$5,289$2,846$1,477$747$59
49 years$9,070$5,051$2,675$1,365$679$50
50 years$8,787$4,825$2,515$1,262$617$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,000,000, adding $3,467 every year, while hoping to spend $56,316 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: 29/50/21 Blend
62$9,000,000$9,000,000$9,000,000$9,000,000
63$9,921,576$9,444,576$9,305,076$10,143,726
64$10,873,657$9,847,441$9,556,876$10,717,825
65$11,920,963$10,268,158$9,815,225$11,329,375
66$13,073,147$10,707,544$10,080,280$11,985,693
67$14,340,846$11,166,451$10,352,207$12,690,661
68$15,735,778$11,645,773$10,631,172$13,448,530
69$17,270,856$12,146,445$10,917,346$14,263,953
70$18,960,309$12,669,446$11,210,902$15,142,029
71$20,819,812$13,215,801$11,512,019$16,088,344
72$22,866,640$13,786,581$11,820,878$17,109,020
73$25,119,824$14,382,911$12,137,665$18,210,770
74$27,600,339$15,005,966$12,462,569$19,400,953
75$30,331,292$15,656,977$12,795,784$20,687,643
76$33,338,148$16,337,233$13,137,507$22,079,696
77$36,648,964$17,048,083$13,487,938$23,586,830
78$40,294,659$17,790,939$13,847,285$25,219,713
79$44,309,300$18,567,282$14,215,755$26,990,053
80$48,730,430$19,378,660$14,593,564$28,910,707
81$53,599,415$20,226,695$14,980,930$30,995,793
82$58,961,839$21,113,086$15,378,074$33,260,818
83$64,867,931$22,039,612$15,785,224$35,722,818
84$71,373,042$23,008,135$16,202,611$38,400,507
85$78,538,165$24,020,607$16,630,471$41,314,453
86$86,430,510$25,079,068$17,069,044$44,487,259
87$95,124,140$26,185,661$17,518,575$47,943,769
88$104,700,668$27,342,624$17,979,314$51,711,295
89$115,250,029$28,552,306$18,451,514$55,819,864
90$126,871,327$29,817,163$18,935,434$60,302,495
91$139,673,769$31,139,771$19,431,338$65,195,494
92$153,777,700$32,522,826$19,939,494$70,538,795
93$169,315,734$33,969,153$20,460,176$76,376,319
94$186,434,007$35,481,711$20,993,660$82,756,381
95$205,293,559$37,063,597$21,540,231$89,732,134
96$226,071,848$38,718,060$22,100,175$97,362,054
97$248,964,431$40,448,499$22,673,785$105,710,486
98$274,186,804$42,258,477$23,261,358$114,848,231
99$301,976,442$44,151,726$23,863,197$124,853,204
100$332,595,034$46,132,156$24,479,610$135,811,153