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

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$759,727$752,960$746,358$739,913$733,621$705,908
2 years$376,103$369,098$362,310$355,728$349,343$321,745
3 years$248,244$241,210$234,438$227,918$221,638$195,022
4 years$184,328$177,315$170,611$164,202$158,074$132,643
5 years$145,988$139,017$132,401$126,123$120,165$95,986
6 years$120,436$113,518$107,000$100,862$95,083$72,171
7 years$102,192$95,332$88,917$82,924$77,328$55,677
8 years$88,516$81,717$75,409$69,563$64,151$43,742
9 years$77,884$71,149$64,950$59,252$54,024$34,827
10 years$69,383$62,715$56,625$51,076$46,031$28,011
11 years$62,433$55,831$49,851$44,451$39,588$22,705
12 years$56,645$50,111$44,242$38,990$34,307$18,517
13 years$51,751$45,286$39,527$34,422$29,916$15,175
14 years$47,560$41,164$35,515$30,556$26,224$12,485
15 years$43,932$37,604$32,066$27,251$23,090$10,304
16 years$40,759$34,501$29,072$24,400$20,407$8,525
17 years$37,963$31,774$26,455$21,923$18,094$7,069
18 years$35,481$29,360$24,150$19,757$16,088$5,871
19 years$33,262$27,211$22,108$17,852$14,340$4,883
20 years$31,268$25,286$20,289$16,169$12,809$4,066
21 years$29,466$23,553$18,662$14,674$11,462$3,389
22 years$27,830$21,986$17,200$13,342$10,274$2,827
23 years$26,338$20,563$15,881$12,151$9,223$2,360
24 years$24,973$19,266$14,688$11,082$8,290$1,971
25 years$23,719$18,080$13,604$10,121$7,460$1,647
26 years$22,563$16,992$12,617$9,254$6,719$1,377
27 years$21,495$15,992$11,716$8,471$6,058$1,151
28 years$20,505$15,069$10,891$7,761$5,466$963
29 years$19,585$14,216$10,135$7,117$4,936$805
30 years$18,727$13,425$9,441$6,532$4,460$674
31 years$17,927$12,691$8,801$5,999$4,032$564
32 years$17,178$12,009$8,212$5,513$3,647$472
33 years$16,476$11,372$7,667$5,070$3,301$395
34 years$15,817$10,778$7,164$4,664$2,989$331
35 years$15,196$10,223$6,698$4,294$2,707$277
36 years$14,612$9,703$6,266$3,955$2,453$232
37 years$14,060$9,216$5,864$3,644$2,223$194
38 years$13,539$8,758$5,492$3,358$2,015$163
39 years$13,045$8,328$5,145$3,097$1,827$136
40 years$12,578$7,924$4,823$2,856$1,658$114
41 years$12,134$7,543$4,522$2,635$1,504$95
42 years$11,713$7,183$4,242$2,432$1,365$80
43 years$11,312$6,844$3,980$2,245$1,238$67
44 years$10,931$6,524$3,736$2,073$1,124$56
45 years$10,568$6,221$3,508$1,914$1,020$47
46 years$10,221$5,935$3,295$1,768$927$39
47 years$9,890$5,664$3,096$1,634$841$33
48 years$9,574$5,407$2,909$1,510$764$28
49 years$9,272$5,163$2,734$1,395$694$23
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 $4,018 every year, while hoping to spend $29,966 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: 72/21/7 Blend
62$9,200,000$9,200,000$9,200,000$9,200,000
63$10,142,545$9,654,945$9,512,345$10,862,202
64$11,145,201$10,096,153$9,799,125$11,778,792
65$12,249,123$10,557,977$10,094,507$12,777,879
66$13,464,610$11,041,394$10,398,749$13,870,886
67$14,803,007$11,547,430$10,712,115$15,067,061
68$16,276,819$12,077,159$11,034,876$16,376,582
69$17,899,823$12,631,708$11,367,313$17,810,648
70$19,687,201$13,212,257$11,709,713$19,381,585
71$21,655,681$13,820,043$12,062,374$21,102,963
72$23,823,698$14,456,363$12,425,602$22,989,715
73$26,211,566$15,122,576$12,799,710$25,058,280
74$28,841,669$15,820,105$13,185,023$27,326,757
75$31,738,672$16,550,444$13,581,875$29,815,070
76$34,929,758$17,315,156$13,990,609$32,545,155
77$38,444,877$18,115,883$14,411,578$35,541,164
78$42,317,035$18,954,341$14,845,146$38,829,689
79$46,582,603$19,832,334$15,291,689$42,440,012
80$51,281,659$20,751,750$15,751,591$46,404,379
81$56,458,369$21,714,567$16,225,251$50,758,296
82$62,161,403$22,722,860$16,713,076$55,540,866
83$68,444,390$23,778,805$17,215,489$60,795,152
84$75,366,432$24,884,680$17,732,922$66,568,580
85$82,992,655$26,042,876$18,265,821$72,913,382
86$91,394,826$27,255,897$18,814,646$79,887,087
87$100,652,031$28,526,369$19,379,870$87,553,059
88$110,851,422$29,857,045$19,961,979$95,981,087
89$122,089,037$31,250,810$20,561,475$105,248,045
90$134,470,707$32,710,688$21,178,873$115,438,607
91$148,113,058$34,239,851$21,814,705$126,646,047
92$163,144,609$35,841,622$22,469,516$138,973,107
93$179,706,985$37,519,487$23,143,870$152,532,967
94$197,956,254$39,277,099$23,838,347$167,450,306
95$218,064,402$41,118,287$24,553,541$183,862,470
96$240,220,954$43,047,066$25,290,068$201,920,766
97$264,634,765$45,067,646$26,048,560$221,791,880
98$291,535,990$47,184,440$26,829,665$243,659,446
99$321,178,257$49,402,073$27,634,055$267,725,771
100$353,841,062$51,725,397$28,462,418$294,213,735