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

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 $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%17.5%
1 years$743,212$736,591$730,133$723,828$717,673$695,814
2 years$367,927$361,074$354,433$347,994$341,749$319,915
3 years$242,848$235,966$229,342$222,963$216,820$195,694
4 years$180,321$173,460$166,902$160,633$154,638$134,383
5 years$142,814$135,995$129,523$123,381$117,553$98,224
6 years$117,818$111,050$104,674$98,669$93,016$74,629
7 years$99,971$93,260$86,984$81,121$75,647$58,201
8 years$86,591$79,941$73,770$68,051$62,756$46,241
9 years$76,191$69,603$63,538$57,964$52,850$37,248
10 years$67,875$61,351$55,394$49,966$45,031$30,319
11 years$61,076$54,618$48,768$43,485$38,728$24,881
12 years$55,414$49,022$43,280$38,142$33,561$20,550
13 years$50,626$44,301$38,668$33,674$29,266$17,060
14 years$46,527$40,269$34,743$29,892$25,654$14,223
15 years$42,977$36,786$31,369$26,658$22,588$11,897
16 years$39,873$33,751$28,440$23,870$19,963$9,980
17 years$37,138$31,083$25,879$21,447$17,701$8,391
18 years$34,710$28,722$23,625$19,328$15,739$7,069
19 years$32,539$26,619$21,627$17,464$14,028$5,965
20 years$30,588$24,736$19,848$15,817$12,530$5,039
21 years$28,825$23,041$18,257$14,355$11,213$4,263
22 years$27,225$21,508$16,826$13,052$10,051$3,609
23 years$25,766$20,116$15,536$11,887$9,022$3,058
24 years$24,430$18,847$14,368$10,841$8,110$2,593
25 years$23,203$17,687$13,308$9,901$7,297$2,200
26 years$22,073$16,623$12,342$9,053$6,573$1,867
27 years$21,028$15,644$11,461$8,286$5,926$1,585
28 years$20,059$14,741$10,654$7,592$5,347$1,347
29 years$19,159$13,907$9,915$6,962$4,829$1,144
30 years$18,320$13,133$9,235$6,390$4,363$972
31 years$17,537$12,416$8,610$5,868$3,944$827
32 years$16,804$11,748$8,033$5,393$3,568$703
33 years$16,118$11,125$7,501$4,959$3,229$598
34 years$15,473$10,544$7,008$4,563$2,924$508
35 years$14,866$10,001$6,552$4,201$2,648$432
36 years$14,294$9,492$6,129$3,869$2,399$368
37 years$13,754$9,016$5,737$3,564$2,175$313
38 years$13,244$8,568$5,372$3,285$1,971$266
39 years$12,762$8,147$5,033$3,029$1,788$226
40 years$12,304$7,752$4,718$2,794$1,622$193
41 years$11,870$7,379$4,424$2,578$1,471$164
42 years$11,458$7,027$4,150$2,379$1,335$139
43 years$11,066$6,696$3,894$2,196$1,211$119
44 years$10,693$6,382$3,655$2,028$1,100$101
45 years$10,338$6,086$3,432$1,873$998$86
46 years$9,999$5,806$3,223$1,730$906$73
47 years$9,675$5,541$3,028$1,598$823$62
48 years$9,366$5,289$2,846$1,477$747$53
49 years$9,070$5,051$2,675$1,365$679$45
50 years$8,787$4,825$2,515$1,262$617$38

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 $6,585 every year, while hoping to spend $55,624 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: 73/9/18 Blend
62$9,000,000$9,000,000$9,000,000$9,000,000
63$9,924,792$9,447,792$9,308,292$10,607,110
64$10,877,938$9,851,551$9,560,937$11,464,596
65$11,926,440$10,273,229$9,820,180$12,396,270
66$13,079,966$10,713,646$10,086,186$13,415,464
67$14,349,168$11,173,661$10,359,118$14,530,858
68$15,745,782$11,654,170$10,639,148$15,752,011
69$17,282,741$12,156,113$10,926,449$17,089,448
70$18,974,293$12,680,475$11,221,197$18,554,755
71$20,836,137$13,228,284$11,523,574$20,160,695
72$22,885,574$13,800,620$11,833,764$21,921,320
73$25,141,663$14,398,612$12,151,956$23,852,106
74$27,625,409$15,023,440$12,478,342$25,970,097
75$30,359,955$15,676,343$12,813,121$28,294,065
76$33,370,802$16,358,616$13,156,493$30,844,685
77$36,686,051$17,071,615$13,508,662$33,644,728
78$40,336,666$17,816,761$13,869,840$36,719,277
79$44,356,765$18,595,542$14,240,238$40,095,961
80$48,783,945$19,409,514$14,620,077$43,805,211
81$53,659,636$20,260,308$15,009,578$47,880,551
82$59,029,489$21,149,633$15,408,969$52,358,911
83$64,943,809$22,079,277$15,818,481$57,280,971
84$71,458,028$23,051,113$16,238,351$62,691,545
85$78,633,232$24,067,102$16,668,821$68,640,003
86$86,536,730$25,129,299$17,110,135$75,180,735
87$95,242,698$26,239,856$17,562,545$82,373,660
88$104,832,869$27,401,024$18,026,307$90,284,791
89$115,397,313$28,615,166$18,501,679$98,986,858
90$127,035,282$29,884,753$18,988,929$108,559,987
91$139,856,149$31,212,374$19,488,327$119,092,460
92$153,980,438$32,600,741$20,000,146$130,681,540
93$169,540,960$34,052,696$20,524,670$143,434,392
94$186,684,074$35,571,214$21,062,182$157,469,087
95$205,571,058$37,159,412$21,612,973$172,915,717
96$226,379,639$38,820,555$22,177,341$189,917,619
97$249,305,665$40,558,066$22,755,585$208,632,726
98$274,564,958$42,375,526$23,348,012$229,235,053
99$302,395,348$44,276,691$23,954,934$251,916,338
100$333,058,917$46,265,493$24,576,668$276,887,845