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%12.2%
1 years$751,469$744,776$738,245$731,871$725,647$718,967
2 years$372,015$365,086$358,371$351,861$345,546$338,816
3 years$245,546$238,588$231,890$225,441$219,229$212,656
4 years$182,324$175,387$168,757$162,417$156,356$149,992
5 years$144,401$137,506$130,962$124,752$118,859$112,724
6 years$119,127$112,284$105,837$99,765$94,049$88,149
7 years$101,082$94,296$87,951$82,023$76,487$70,825
8 years$87,554$80,829$74,589$68,807$63,453$58,029
9 years$77,037$70,376$64,244$58,608$53,437$48,248
10 years$68,629$62,033$56,009$50,521$45,531$40,575
11 years$61,754$55,224$49,310$43,968$39,158$34,431
12 years$56,029$49,566$43,761$38,566$33,934$29,431
13 years$51,189$44,794$39,098$34,048$29,591$25,308
14 years$47,043$40,716$35,129$30,224$25,939$21,870
15 years$43,454$37,195$31,717$26,954$22,839$18,977
16 years$40,316$34,126$28,756$24,135$20,185$16,525
17 years$37,551$31,428$26,167$21,685$17,897$14,433
18 years$35,095$29,041$23,887$19,542$15,914$12,637
19 years$32,901$26,915$21,867$17,658$14,184$11,089
20 years$30,928$25,011$20,069$15,993$12,670$9,750
21 years$29,146$23,297$18,459$14,515$11,338$8,586
22 years$27,527$21,747$17,013$13,197$10,163$7,572
23 years$26,052$20,339$15,709$12,019$9,123$6,685
24 years$24,702$19,056$14,528$10,962$8,200$5,910
25 years$23,461$17,884$13,456$10,011$7,378$5,229
26 years$22,318$16,808$12,480$9,154$6,646$4,630
27 years$21,261$15,818$11,588$8,379$5,992$4,103
28 years$20,282$14,905$10,773$7,677$5,407$3,638
29 years$19,372$14,061$10,025$7,040$4,882$3,228
30 years$18,524$13,279$9,338$6,461$4,411$2,866
31 years$17,732$12,553$8,706$5,933$3,988$2,545
32 years$16,991$11,878$8,122$5,453$3,608$2,261
33 years$16,297$11,249$7,584$5,015$3,265$2,010
34 years$15,645$10,661$7,086$4,614$2,956$1,787
35 years$15,031$10,112$6,625$4,247$2,677$1,589
36 years$14,453$9,598$6,197$3,912$2,426$1,413
37 years$13,907$9,116$5,801$3,604$2,199$1,258
38 years$13,392$8,663$5,432$3,322$1,993$1,119
39 years$12,904$8,238$5,089$3,063$1,808$996
40 years$12,441$7,838$4,770$2,825$1,640$887
41 years$12,002$7,461$4,473$2,607$1,487$789
42 years$11,586$7,105$4,196$2,406$1,350$703
43 years$11,189$6,770$3,937$2,221$1,225$626
44 years$10,812$6,453$3,696$2,050$1,112$557
45 years$10,453$6,154$3,470$1,894$1,009$496
46 years$10,110$5,870$3,259$1,749$916$442
47 years$9,783$5,602$3,062$1,616$832$394
48 years$9,470$5,348$2,877$1,493$756$351
49 years$9,171$5,107$2,705$1,380$686$313
50 years$8,885$4,878$2,543$1,276$623$278

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 $5,297 every year, while hoping to spend $51,754 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: 44/28/28 Blend
62$9,100,000$9,100,000$9,100,000$9,100,000
63$10,033,664$9,551,364$9,410,314$10,393,335
64$11,002,032$9,964,315$9,670,494$11,063,574
65$12,067,439$10,395,766$9,937,655$11,784,324
66$13,239,728$10,846,569$10,211,976$12,564,658
67$14,529,745$11,317,615$10,493,642$13,410,151
68$15,949,440$11,809,840$10,782,840$14,326,927
69$17,511,980$12,324,219$11,079,763$15,321,712
70$19,231,874$12,861,778$11,384,607$16,401,899
71$21,125,107$13,423,587$11,697,574$17,575,613
72$23,209,296$14,010,771$12,018,870$18,851,785
73$25,503,848$14,624,503$12,348,706$20,240,232
74$28,030,152$15,266,015$12,687,299$21,751,749
75$30,811,773$15,936,595$13,034,870$23,398,205
76$33,874,680$16,637,595$13,391,644$25,192,655
77$37,247,487$17,370,426$13,757,854$27,149,453
78$40,961,725$18,136,571$14,133,736$29,284,394
79$45,052,137$18,937,579$14,519,532$31,614,848
80$49,557,008$19,775,074$14,915,490$34,159,930
81$54,518,528$20,650,757$15,321,863$36,940,667
82$59,983,184$21,566,410$15,738,912$39,980,200
83$66,002,203$22,523,899$16,166,900$43,303,993
84$72,632,036$23,525,178$16,606,099$46,940,070
85$79,934,886$24,572,294$17,056,786$50,919,274
86$87,979,300$25,667,392$17,519,243$55,275,554
87$96,840,812$26,812,718$17,993,762$60,046,278
88$106,602,658$28,010,625$18,480,637$65,272,584
89$117,356,562$29,263,578$18,980,170$70,999,758
90$129,203,598$30,574,159$19,492,672$77,277,656
91$142,255,146$31,945,074$20,018,458$84,161,172
92$156,633,944$33,379,156$20,557,850$91,710,744
93$172,475,247$34,879,375$21,111,178$99,992,922
94$189,928,098$36,448,841$21,678,779$109,080,986
95$209,156,742$38,090,812$22,260,996$119,055,632
96$230,342,171$39,808,703$22,858,181$130,005,724
97$253,683,834$41,606,092$23,470,691$142,029,125
98$279,401,520$43,486,725$24,098,894$155,233,613
99$307,737,431$45,454,530$24,743,163$169,737,890
100$338,958,469$47,513,622$25,403,879$185,672,691