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%17.8%
1 years$743,212$736,591$730,133$723,828$717,673$694,978
2 years$367,927$361,074$354,433$347,994$341,749$319,090
3 years$242,848$235,966$229,342$222,963$216,820$194,907
4 years$180,321$173,460$166,902$160,633$154,638$133,640
5 years$142,814$135,995$129,523$123,381$117,553$97,526
6 years$117,818$111,050$104,674$98,669$93,016$73,977
7 years$99,971$93,260$86,984$81,121$75,647$57,595
8 years$86,591$79,941$73,770$68,051$62,756$45,678
9 years$76,191$69,603$63,538$57,964$52,850$36,727
10 years$67,875$61,351$55,394$49,966$45,031$29,839
11 years$61,076$54,618$48,768$43,485$38,728$24,439
12 years$55,414$49,022$43,280$38,142$33,561$20,145
13 years$50,626$44,301$38,668$33,674$29,266$16,690
14 years$46,527$40,269$34,743$29,892$25,654$13,885
15 years$42,977$36,786$31,369$26,658$22,588$11,591
16 years$39,873$33,751$28,440$23,870$19,963$9,702
17 years$37,138$31,083$25,879$21,447$17,701$8,139
18 years$34,710$28,722$23,625$19,328$15,739$6,842
19 years$32,539$26,619$21,627$17,464$14,028$5,760
20 years$30,588$24,736$19,848$15,817$12,530$4,855
21 years$28,825$23,041$18,257$14,355$11,213$4,097
22 years$27,225$21,508$16,826$13,052$10,051$3,461
23 years$25,766$20,116$15,536$11,887$9,022$2,926
24 years$24,430$18,847$14,368$10,841$8,110$2,475
25 years$23,203$17,687$13,308$9,901$7,297$2,094
26 years$22,073$16,623$12,342$9,053$6,573$1,773
27 years$21,028$15,644$11,461$8,286$5,926$1,502
28 years$20,059$14,741$10,654$7,592$5,347$1,273
29 years$19,159$13,907$9,915$6,962$4,829$1,079
30 years$18,320$13,133$9,235$6,390$4,363$915
31 years$17,537$12,416$8,610$5,868$3,944$776
32 years$16,804$11,748$8,033$5,393$3,568$658
33 years$16,118$11,125$7,501$4,959$3,229$558
34 years$15,473$10,544$7,008$4,563$2,924$473
35 years$14,866$10,001$6,552$4,201$2,648$402
36 years$14,294$9,492$6,129$3,869$2,399$341
37 years$13,754$9,016$5,737$3,564$2,175$289
38 years$13,244$8,568$5,372$3,285$1,971$245
39 years$12,762$8,147$5,033$3,029$1,788$208
40 years$12,304$7,752$4,718$2,794$1,622$177
41 years$11,870$7,379$4,424$2,578$1,471$150
42 years$11,458$7,027$4,150$2,379$1,335$127
43 years$11,066$6,696$3,894$2,196$1,211$108
44 years$10,693$6,382$3,655$2,028$1,100$92
45 years$10,338$6,086$3,432$1,873$998$78
46 years$9,999$5,806$3,223$1,730$906$66
47 years$9,675$5,541$3,028$1,598$823$56
48 years$9,366$5,289$2,846$1,477$747$48
49 years$9,070$5,051$2,675$1,365$679$40
50 years$8,787$4,825$2,515$1,262$617$34

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 $3,141 every year, while hoping to spend $57,987 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: 43/34/23 Blend
62$9,000,000$9,000,000$9,000,000$9,000,000
63$9,921,240$9,444,240$9,304,740$10,281,224
64$10,871,509$9,845,310$9,554,751$10,938,423
65$11,916,761$10,264,089$9,811,194$11,644,178
66$13,066,625$10,701,383$10,074,223$12,407,678
67$14,331,707$11,158,037$10,343,996$13,234,288
68$15,723,695$11,634,935$10,620,673$14,129,898
69$17,255,465$12,133,000$10,904,419$15,100,980
70$18,941,206$12,653,200$11,195,400$16,154,643
71$20,796,551$13,196,550$11,493,789$17,298,696
72$22,838,727$13,764,108$11,799,759$18,541,723
73$25,086,715$14,356,987$12,113,488$19,893,155
74$27,561,428$14,976,347$12,435,158$21,363,361
75$30,285,911$15,623,406$12,764,953$22,963,740
76$33,285,558$16,299,437$13,103,063$24,706,823
77$36,588,349$17,005,774$13,449,680$26,606,390
78$40,225,117$17,743,813$13,805,000$28,677,598
79$44,229,834$18,515,015$14,169,224$30,937,113
80$48,639,939$19,320,912$14,542,554$33,403,269
81$53,496,681$20,163,105$14,925,198$36,096,236
82$58,845,519$21,043,274$15,317,368$39,038,203
83$64,736,541$21,963,174$15,719,279$42,253,582
84$71,224,944$22,924,645$16,131,151$45,769,238
85$78,371,551$23,929,615$16,553,207$49,614,733
86$86,243,384$24,980,101$16,985,674$53,822,600
87$94,914,299$26,078,216$17,428,784$58,428,645
88$104,465,681$27,226,172$17,882,772$63,472,279
89$114,987,212$28,426,286$18,347,877$68,996,882
90$126,577,721$29,680,987$18,824,343$75,050,208
91$139,346,107$30,992,815$19,312,418$81,684,827
92$153,412,380$32,364,432$19,812,354$88,958,615
93$168,908,781$33,798,627$20,324,406$96,935,293
94$185,981,037$35,298,320$20,848,834$105,685,018
95$204,789,735$36,866,571$21,385,903$115,285,040
96$225,511,838$38,506,583$21,935,880$125,820,422
97$248,342,352$40,221,712$22,499,039$137,384,830
98$273,496,170$42,015,474$23,075,655$150,081,415
99$301,210,099$43,891,552$23,666,009$164,023,770
100$331,745,094$45,853,803$24,270,385$179,336,995