Can I retire at age 63 with 9,100,000?

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 $9,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$751,469$744,776$738,245$731,871$725,647$719,867
2 years$372,015$365,086$358,371$351,861$345,546$339,720
3 years$245,546$238,588$231,890$225,441$219,229$213,537
4 years$182,324$175,387$168,757$162,417$156,356$150,842
5 years$144,401$137,506$130,962$124,752$118,859$113,540
6 years$119,127$112,284$105,837$99,765$94,049$88,930
7 years$101,082$94,296$87,951$82,023$76,487$71,572
8 years$87,554$80,829$74,589$68,807$63,453$58,741
9 years$77,037$70,376$64,244$58,608$53,437$48,927
10 years$68,629$62,033$56,009$50,521$45,531$41,220
11 years$61,754$55,224$49,310$43,968$39,158$35,043
12 years$56,029$49,566$43,761$38,566$33,934$30,011
13 years$51,189$44,794$39,098$34,048$29,591$25,856
14 years$47,043$40,716$35,129$30,224$25,939$22,388
15 years$43,454$37,195$31,717$26,954$22,839$19,466
16 years$40,316$34,126$28,756$24,135$20,185$16,985
17 years$37,551$31,428$26,167$21,685$17,897$14,866
18 years$35,095$29,041$23,887$19,542$15,914$13,044
19 years$32,901$26,915$21,867$17,658$14,184$11,471
20 years$30,928$25,011$20,069$15,993$12,670$10,107
21 years$29,146$23,297$18,459$14,515$11,338$8,921
22 years$27,527$21,747$17,013$13,197$10,163$7,885
23 years$26,052$20,339$15,709$12,019$9,123$6,978
24 years$24,702$19,056$14,528$10,962$8,200$6,182
25 years$23,461$17,884$13,456$10,011$7,378$5,483
26 years$22,318$16,808$12,480$9,154$6,646$4,866
27 years$21,261$15,818$11,588$8,379$5,992$4,323
28 years$20,282$14,905$10,773$7,677$5,407$3,842
29 years$19,372$14,061$10,025$7,040$4,882$3,418
30 years$18,524$13,279$9,338$6,461$4,411$3,041
31 years$17,732$12,553$8,706$5,933$3,988$2,708
32 years$16,991$11,878$8,122$5,453$3,608$2,412
33 years$16,297$11,249$7,584$5,015$3,265$2,149
34 years$15,645$10,661$7,086$4,614$2,956$1,915
35 years$15,031$10,112$6,625$4,247$2,677$1,707
36 years$14,453$9,598$6,197$3,912$2,426$1,523
37 years$13,907$9,116$5,801$3,604$2,199$1,358
38 years$13,392$8,663$5,432$3,322$1,993$1,212
39 years$12,904$8,238$5,089$3,063$1,808$1,081
40 years$12,441$7,838$4,770$2,825$1,640$965
41 years$12,002$7,461$4,473$2,607$1,487$861
42 years$11,586$7,105$4,196$2,406$1,350$769
43 years$11,189$6,770$3,937$2,221$1,225$686
44 years$10,812$6,453$3,696$2,050$1,112$613
45 years$10,453$6,154$3,470$1,894$1,009$547
46 years$10,110$5,870$3,259$1,749$916$489
47 years$9,783$5,602$3,062$1,616$832$437
48 years$9,470$5,348$2,877$1,493$756$390
49 years$9,171$5,107$2,705$1,380$686$348
50 years$8,885$4,878$2,543$1,276$623$311

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,100,000, adding $2,373 every year, while hoping to spend $54,606 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: 43/30/27 Blend
62$9,100,000$9,100,000$9,100,000$9,100,000
63$10,030,648$9,548,348$9,407,298$10,382,882
64$10,995,673$9,958,116$9,664,342$11,044,943
65$12,057,302$10,386,134$9,928,167$11,756,446
66$13,225,328$10,833,236$10,198,942$12,526,316
67$14,510,546$11,300,299$10,476,841$13,359,992
68$15,924,847$11,788,239$10,762,041$14,263,447
69$17,481,336$12,298,017$11,054,723$15,243,244
70$19,194,449$12,830,636$11,355,073$16,306,590
71$21,080,095$13,387,150$11,663,280$17,461,410
72$23,155,803$13,968,658$11,979,539$18,716,410
73$25,440,887$14,576,316$12,304,046$20,081,160
74$27,956,631$15,211,328$12,637,005$21,566,183
75$30,726,485$15,874,961$12,978,622$23,183,047
76$33,776,290$16,568,538$13,329,110$24,944,472
77$37,134,520$17,293,444$13,688,683$26,864,448
78$40,832,550$18,051,132$14,057,563$28,958,360
79$44,904,954$18,843,122$14,435,975$31,243,133
80$49,389,829$19,671,004$14,824,150$33,737,386
81$54,329,156$20,536,447$15,222,323$36,461,601
82$59,769,192$21,441,196$15,630,733$39,438,316
83$65,760,914$22,387,079$16,049,627$42,692,329
84$72,360,493$23,376,011$16,479,255$46,250,931
85$79,629,825$24,409,998$16,919,872$50,144,155
86$87,637,119$25,491,139$17,371,740$54,405,055
87$96,457,536$26,621,636$17,835,124$59,070,015
88$106,173,901$27,803,792$18,310,297$64,179,083
89$116,877,483$29,040,022$18,797,535$69,776,346
90$128,668,855$30,332,852$19,297,122$75,910,335
91$141,658,849$31,684,932$19,809,346$82,634,484
92$155,969,594$33,099,036$20,334,502$90,007,620
93$171,735,673$34,578,070$20,872,888$98,094,515
94$189,105,394$36,125,077$21,424,812$106,966,490
95$208,242,186$37,743,248$21,990,585$116,702,078
96$229,326,143$39,435,922$22,570,524$127,387,760
97$252,555,727$41,206,599$23,164,954$139,118,769
98$278,149,636$43,058,947$23,774,204$151,999,985
99$306,348,870$44,996,806$24,398,611$166,146,911
100$337,419,006$47,024,202$25,038,516$181,686,756