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

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 $9,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$751,469$744,776$738,245$731,871$725,647$713,332
2 years$372,015$365,086$358,371$351,861$345,546$333,177
3 years$245,546$238,588$231,890$225,441$219,229$207,190
4 years$182,324$175,387$168,757$162,417$156,356$144,741
5 years$144,401$137,506$130,962$124,752$118,859$107,702
6 years$119,127$112,284$105,837$99,765$94,049$83,361
7 years$101,082$94,296$87,951$82,023$76,487$66,272
8 years$87,554$80,829$74,589$68,807$63,453$53,709
9 years$77,037$70,376$64,244$58,608$53,437$44,158
10 years$68,629$62,033$56,009$50,521$45,531$36,710
11 years$61,754$55,224$49,310$43,968$39,158$30,785
12 years$56,029$49,566$43,761$38,566$33,934$25,997
13 years$51,189$44,794$39,098$34,048$29,591$22,079
14 years$47,043$40,716$35,129$30,224$25,939$18,840
15 years$43,454$37,195$31,717$26,954$22,839$16,138
16 years$40,316$34,126$28,756$24,135$20,185$13,869
17 years$37,551$31,428$26,167$21,685$17,897$11,951
18 years$35,095$29,041$23,887$19,542$15,914$10,323
19 years$32,901$26,915$21,867$17,658$14,184$8,934
20 years$30,928$25,011$20,069$15,993$12,670$7,745
21 years$29,146$23,297$18,459$14,515$11,338$6,724
22 years$27,527$21,747$17,013$13,197$10,163$5,845
23 years$26,052$20,339$15,709$12,019$9,123$5,086
24 years$24,702$19,056$14,528$10,962$8,200$4,430
25 years$23,461$17,884$13,456$10,011$7,378$3,861
26 years$22,318$16,808$12,480$9,154$6,646$3,368
27 years$21,261$15,818$11,588$8,379$5,992$2,940
28 years$20,282$14,905$10,773$7,677$5,407$2,567
29 years$19,372$14,061$10,025$7,040$4,882$2,243
30 years$18,524$13,279$9,338$6,461$4,411$1,960
31 years$17,732$12,553$8,706$5,933$3,988$1,714
32 years$16,991$11,878$8,122$5,453$3,608$1,499
33 years$16,297$11,249$7,584$5,015$3,265$1,311
34 years$15,645$10,661$7,086$4,614$2,956$1,147
35 years$15,031$10,112$6,625$4,247$2,677$1,004
36 years$14,453$9,598$6,197$3,912$2,426$879
37 years$13,907$9,116$5,801$3,604$2,199$770
38 years$13,392$8,663$5,432$3,322$1,993$674
39 years$12,904$8,238$5,089$3,063$1,808$590
40 years$12,441$7,838$4,770$2,825$1,640$517
41 years$12,002$7,461$4,473$2,607$1,487$453
42 years$11,586$7,105$4,196$2,406$1,350$396
43 years$11,189$6,770$3,937$2,221$1,225$347
44 years$10,812$6,453$3,696$2,050$1,112$304
45 years$10,453$6,154$3,470$1,894$1,009$267
46 years$10,110$5,870$3,259$1,749$916$234
47 years$9,783$5,602$3,062$1,616$832$205
48 years$9,470$5,348$2,877$1,493$756$179
49 years$9,171$5,107$2,705$1,380$686$157
50 years$8,885$4,878$2,543$1,276$623$138

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 $6,228 every year, while hoping to spend $43,163 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: 68/7/25 Blend
62$9,100,000$9,100,000$9,100,000$9,100,000
63$10,034,624$9,552,324$9,411,274$10,652,090
64$11,012,231$9,974,463$9,680,627$11,489,510
65$12,088,107$10,415,840$9,957,556$12,399,807
66$13,272,229$10,877,352$10,242,270$13,394,714
67$14,575,594$11,359,939$10,534,983$14,482,594
68$16,010,313$11,864,585$10,835,914$15,672,654
69$17,589,737$12,392,321$11,145,289$16,975,030
70$19,328,572$12,944,227$11,463,338$18,400,883
71$21,243,026$13,521,434$11,790,299$19,962,503
72$23,350,957$14,125,127$12,126,417$21,673,421
73$25,672,043$14,756,546$12,471,940$23,548,540
74$28,227,967$15,416,993$12,827,126$25,604,270
75$31,042,623$16,107,828$13,192,237$27,858,685
76$34,142,338$16,830,480$13,567,546$30,331,688
77$37,556,126$17,586,443$13,953,328$33,045,201
78$41,315,956$18,377,283$14,349,869$36,023,370
79$45,457,054$19,204,641$14,757,461$39,292,789
80$50,018,241$20,070,236$15,176,403$42,882,752
81$55,042,293$20,975,869$15,607,004$46,825,526
82$60,576,348$21,923,427$16,049,579$51,156,654
83$66,672,348$22,914,888$16,504,452$55,915,288
84$73,387,532$23,952,322$16,971,956$61,144,560
85$80,784,975$25,037,900$17,452,431$66,891,983
86$88,934,182$26,173,897$17,946,228$73,209,899
87$97,911,746$27,362,696$18,453,704$80,155,972
88$107,802,070$28,606,794$18,975,229$87,793,727
89$118,698,161$29,908,807$19,511,179$96,193,153
90$130,702,513$31,271,478$20,061,943$105,431,353
91$143,928,068$32,697,679$20,627,917$115,593,278
92$158,499,288$34,190,422$21,209,509$126,772,519
93$174,553,325$35,752,862$21,807,137$139,072,194
94$192,241,318$37,388,306$22,421,229$152,605,914
95$211,729,817$39,100,218$23,052,226$167,498,853
96$233,202,360$40,892,230$23,700,577$183,888,930
97$256,861,200$42,768,148$24,366,745$201,928,105
98$282,929,215$44,731,961$25,051,204$221,783,809
99$311,652,016$46,787,847$25,754,440$243,640,527
100$343,300,259$48,940,189$26,476,951$267,701,527