Can I retire at age 63 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$759,727$752,960$746,358$739,913$733,621$705,629
2 years$376,103$369,098$362,310$355,728$349,343$321,471
3 years$248,244$241,210$234,438$227,918$221,638$194,762
4 years$184,328$177,315$170,611$164,202$158,074$132,400
5 years$145,988$139,017$132,401$126,123$120,165$95,759
6 years$120,436$113,518$107,000$100,862$95,083$71,961
7 years$102,192$95,332$88,917$82,924$77,328$55,484
8 years$88,516$81,717$75,409$69,563$64,151$43,563
9 years$77,884$71,149$64,950$59,252$54,024$34,664
10 years$69,383$62,715$56,625$51,076$46,031$27,862
11 years$62,433$55,831$49,851$44,451$39,588$22,570
12 years$56,645$50,111$44,242$38,990$34,307$18,394
13 years$51,751$45,286$39,527$34,422$29,916$15,064
14 years$47,560$41,164$35,515$30,556$26,224$12,385
15 years$43,932$37,604$32,066$27,251$23,090$10,214
16 years$40,759$34,501$29,072$24,400$20,407$8,445
17 years$37,963$31,774$26,455$21,923$18,094$6,997
18 years$35,481$29,360$24,150$19,757$16,088$5,807
19 years$33,262$27,211$22,108$17,852$14,340$4,826
20 years$31,268$25,286$20,289$16,169$12,809$4,016
21 years$29,466$23,553$18,662$14,674$11,462$3,344
22 years$27,830$21,986$17,200$13,342$10,274$2,788
23 years$26,338$20,563$15,881$12,151$9,223$2,325
24 years$24,973$19,266$14,688$11,082$8,290$1,940
25 years$23,719$18,080$13,604$10,121$7,460$1,620
26 years$22,563$16,992$12,617$9,254$6,719$1,353
27 years$21,495$15,992$11,716$8,471$6,058$1,130
28 years$20,505$15,069$10,891$7,761$5,466$945
29 years$19,585$14,216$10,135$7,117$4,936$790
30 years$18,727$13,425$9,441$6,532$4,460$660
31 years$17,927$12,691$8,801$5,999$4,032$552
32 years$17,178$12,009$8,212$5,513$3,647$462
33 years$16,476$11,372$7,667$5,070$3,301$386
34 years$15,817$10,778$7,164$4,664$2,989$323
35 years$15,196$10,223$6,698$4,294$2,707$270
36 years$14,612$9,703$6,266$3,955$2,453$226
37 years$14,060$9,216$5,864$3,644$2,223$189
38 years$13,539$8,758$5,492$3,358$2,015$158
39 years$13,045$8,328$5,145$3,097$1,827$132
40 years$12,578$7,924$4,823$2,856$1,658$111
41 years$12,134$7,543$4,522$2,635$1,504$93
42 years$11,713$7,183$4,242$2,432$1,365$78
43 years$11,312$6,844$3,980$2,245$1,238$65
44 years$10,931$6,524$3,736$2,073$1,124$54
45 years$10,568$6,221$3,508$1,914$1,020$45
46 years$10,221$5,935$3,295$1,768$927$38
47 years$9,890$5,664$3,096$1,634$841$32
48 years$9,574$5,407$2,909$1,510$764$27
49 years$9,272$5,163$2,734$1,395$694$22
50 years$8,982$4,932$2,571$1,290$630$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,200,000, adding $5,960 every year, while hoping to spend $21,673 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: 27/50/23 Blend
62$9,200,000$9,200,000$9,200,000$9,200,000
63$10,144,548$9,656,948$9,514,348$10,344,719
64$11,156,232$10,107,078$9,810,018$10,953,856
65$12,270,381$10,578,539$10,114,868$11,605,149
66$13,497,424$11,072,352$10,429,180$12,304,006
67$14,848,853$11,589,588$10,753,249$13,054,480
68$16,337,331$12,131,373$11,087,378$13,860,999
69$17,976,810$12,698,882$11,431,877$14,728,407
70$19,782,669$13,293,351$11,787,068$15,662,002
71$21,771,850$13,916,074$12,153,284$16,667,585
72$23,963,025$14,568,408$12,530,865$17,751,503
73$26,376,769$15,251,775$12,920,165$18,920,709
74$29,035,754$15,967,667$13,321,546$20,182,817
75$31,964,966$16,717,648$13,735,382$21,546,169
76$35,191,935$17,503,355$14,162,060$23,019,910
77$38,747,002$18,326,509$14,601,978$24,614,062
78$42,663,598$19,188,910$15,055,546$26,339,615
79$46,978,565$20,092,447$15,523,188$28,208,624
80$51,732,503$21,039,101$16,005,338$30,234,309
81$56,970,149$22,030,947$16,502,448$32,431,179
82$62,740,804$23,070,164$17,014,980$34,815,153
83$69,098,797$24,159,033$17,543,413$37,403,709
84$76,103,996$25,299,946$18,088,238$40,216,031
85$83,822,374$26,495,414$18,649,965$43,273,186
86$92,326,633$27,748,067$19,229,116$46,598,310
87$101,696,890$29,060,663$19,826,232$50,216,816
88$112,021,431$30,436,093$20,441,868$54,156,622
89$123,397,545$31,877,390$21,076,599$58,448,401
90$135,932,447$33,387,734$21,731,017$63,125,864
91$149,744,281$34,970,457$22,405,731$68,226,055
92$164,963,244$36,629,056$23,101,369$73,789,698
93$181,732,810$38,367,195$23,818,580$79,861,557
94$200,211,086$40,188,718$24,558,033$86,490,850
95$220,572,305$42,097,653$25,320,415$93,731,695
96$243,008,469$44,098,226$26,106,437$101,643,607
97$267,731,161$46,194,868$26,916,831$110,292,037
98$294,973,546$48,392,223$27,752,352$119,748,978
99$324,992,570$50,695,164$28,613,778$130,093,620
100$358,071,384$53,108,799$29,501,911$141,413,084