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%15.5%
1 years$743,212$736,591$730,133$723,828$717,673$701,463
2 years$367,927$361,074$354,433$347,994$341,749$325,505
3 years$242,848$235,966$229,342$222,963$216,820$201,048
4 years$180,321$173,460$166,902$160,633$154,638$139,461
5 years$142,814$135,995$129,523$123,381$117,553$103,013
6 years$117,818$111,050$104,674$98,669$93,016$79,128
7 years$99,971$93,260$86,984$81,121$75,647$62,413
8 years$86,591$79,941$73,770$68,051$62,756$50,173
9 years$76,191$69,603$63,538$57,964$52,850$40,906
10 years$67,875$61,351$55,394$49,966$45,031$33,714
11 years$61,076$54,618$48,768$43,485$38,728$28,024
12 years$55,414$49,022$43,280$38,142$33,561$23,452
13 years$50,626$44,301$38,668$33,674$29,266$19,733
14 years$46,527$40,269$34,743$29,892$25,654$16,679
15 years$42,977$36,786$31,369$26,658$22,588$14,149
16 years$39,873$33,751$28,440$23,870$19,963$12,040
17 years$37,138$31,083$25,879$21,447$17,701$10,272
18 years$34,710$28,722$23,625$19,328$15,739$8,782
19 years$32,539$26,619$21,627$17,464$14,028$7,522
20 years$30,588$24,736$19,848$15,817$12,530$6,453
21 years$28,825$23,041$18,257$14,355$11,213$5,543
22 years$27,225$21,508$16,826$13,052$10,051$4,766
23 years$25,766$20,116$15,536$11,887$9,022$4,102
24 years$24,430$18,847$14,368$10,841$8,110$3,534
25 years$23,203$17,687$13,308$9,901$7,297$3,046
26 years$22,073$16,623$12,342$9,053$6,573$2,628
27 years$21,028$15,644$11,461$8,286$5,926$2,268
28 years$20,059$14,741$10,654$7,592$5,347$1,958
29 years$19,159$13,907$9,915$6,962$4,829$1,691
30 years$18,320$13,133$9,235$6,390$4,363$1,461
31 years$17,537$12,416$8,610$5,868$3,944$1,263
32 years$16,804$11,748$8,033$5,393$3,568$1,092
33 years$16,118$11,125$7,501$4,959$3,229$944
34 years$15,473$10,544$7,008$4,563$2,924$816
35 years$14,866$10,001$6,552$4,201$2,648$706
36 years$14,294$9,492$6,129$3,869$2,399$611
37 years$13,754$9,016$5,737$3,564$2,175$528
38 years$13,244$8,568$5,372$3,285$1,971$457
39 years$12,762$8,147$5,033$3,029$1,788$396
40 years$12,304$7,752$4,718$2,794$1,622$342
41 years$11,870$7,379$4,424$2,578$1,471$296
42 years$11,458$7,027$4,150$2,379$1,335$256
43 years$11,066$6,696$3,894$2,196$1,211$222
44 years$10,693$6,382$3,655$2,028$1,100$192
45 years$10,338$6,086$3,432$1,873$998$166
46 years$9,999$5,806$3,223$1,730$906$144
47 years$9,675$5,541$3,028$1,598$823$125
48 years$9,366$5,289$2,846$1,477$747$108
49 years$9,070$5,051$2,675$1,365$679$93
50 years$8,787$4,825$2,515$1,262$617$81

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 $4,239 every year, while hoping to spend $21,478 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: 58/24/18 Blend
62$9,000,000$9,000,000$9,000,000$9,000,000
63$9,922,373$9,445,373$9,305,873$10,450,786
64$10,911,602$9,885,343$9,594,767$11,249,667
65$12,001,013$10,346,153$9,892,619$12,117,453
66$13,200,802$10,828,800$10,199,707$13,063,006
67$14,522,203$11,334,330$10,516,317$14,093,822
68$15,977,597$11,863,841$10,842,743$15,218,148
69$17,580,626$12,418,484$11,179,289$16,445,047
70$19,346,324$12,999,463$11,526,269$17,784,491
71$21,291,255$13,608,044$11,884,005$19,247,446
72$23,433,675$14,245,550$12,252,832$20,845,976
73$25,793,700$14,913,372$12,633,091$22,593,350
74$28,393,495$15,612,965$13,025,138$24,504,171
75$31,257,488$16,345,857$13,429,336$26,594,502
76$34,412,596$17,113,648$13,846,063$28,882,021
77$37,888,480$17,918,016$14,275,706$31,386,182
78$41,717,828$18,760,721$14,718,664$34,128,394
79$45,936,657$19,643,607$15,175,350$37,132,219
80$50,584,661$20,568,609$15,646,189$40,423,594
81$55,705,578$21,537,753$16,131,619$44,031,067
82$61,347,610$22,553,165$16,632,091$47,986,064
83$67,563,871$23,617,075$17,148,070$52,323,184
84$74,412,893$24,731,819$17,680,038$57,080,515
85$81,959,177$25,899,847$18,228,488$62,299,991
86$90,273,800$27,123,727$18,793,930$68,027,786
87$99,435,092$28,406,153$19,376,890$74,314,738
88$109,529,366$29,749,949$19,977,910$81,216,829
89$120,651,740$31,158,076$20,597,550$88,795,704
90$132,907,034$32,633,638$21,236,384$97,119,248
91$146,410,755$34,179,890$21,895,007$106,262,218
92$161,290,193$35,800,246$22,574,030$116,306,947
93$177,685,618$37,498,283$23,274,086$127,344,108
94$195,751,607$39,277,755$23,995,823$139,473,567
95$215,658,502$41,142,595$24,739,914$152,805,313
96$237,594,017$43,096,931$25,507,049$167,460,496
97$261,765,013$45,145,086$26,297,941$183,572,552
98$288,399,447$47,291,598$27,113,325$201,288,463
99$317,748,527$49,541,223$27,953,958$220,770,128
100$350,089,081$51,898,947$28,820,620$242,195,887