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%19.7%
1 years$759,727$752,960$746,358$739,913$733,621$705,070
2 years$376,103$369,098$362,310$355,728$349,343$320,924
3 years$248,244$241,210$234,438$227,918$221,638$194,245
4 years$184,328$177,315$170,611$164,202$158,074$131,915
5 years$145,988$139,017$132,401$126,123$120,165$95,308
6 years$120,436$113,518$107,000$100,862$95,083$71,543
7 years$102,192$95,332$88,917$82,924$77,328$55,098
8 years$88,516$81,717$75,409$69,563$64,151$43,209
9 years$77,884$71,149$64,950$59,252$54,024$34,340
10 years$69,383$62,715$56,625$51,076$46,031$27,567
11 years$62,433$55,831$49,851$44,451$39,588$22,301
12 years$56,645$50,111$44,242$38,990$34,307$18,151
13 years$51,751$45,286$39,527$34,422$29,916$14,845
14 years$47,560$41,164$35,515$30,556$26,224$12,187
15 years$43,932$37,604$32,066$27,251$23,090$10,037
16 years$40,759$34,501$29,072$24,400$20,407$8,286
17 years$37,963$31,774$26,455$21,923$18,094$6,855
18 years$35,481$29,360$24,150$19,757$16,088$5,681
19 years$33,262$27,211$22,108$17,852$14,340$4,714
20 years$31,268$25,286$20,289$16,169$12,809$3,916
21 years$29,466$23,553$18,662$14,674$11,462$3,257
22 years$27,830$21,986$17,200$13,342$10,274$2,710
23 years$26,338$20,563$15,881$12,151$9,223$2,257
24 years$24,973$19,266$14,688$11,082$8,290$1,881
25 years$23,719$18,080$13,604$10,121$7,460$1,568
26 years$22,563$16,992$12,617$9,254$6,719$1,307
27 years$21,495$15,992$11,716$8,471$6,058$1,090
28 years$20,505$15,069$10,891$7,761$5,466$910
29 years$19,585$14,216$10,135$7,117$4,936$759
30 years$18,727$13,425$9,441$6,532$4,460$634
31 years$17,927$12,691$8,801$5,999$4,032$529
32 years$17,178$12,009$8,212$5,513$3,647$442
33 years$16,476$11,372$7,667$5,070$3,301$369
34 years$15,817$10,778$7,164$4,664$2,989$308
35 years$15,196$10,223$6,698$4,294$2,707$257
36 years$14,612$9,703$6,266$3,955$2,453$215
37 years$14,060$9,216$5,864$3,644$2,223$179
38 years$13,539$8,758$5,492$3,358$2,015$150
39 years$13,045$8,328$5,145$3,097$1,827$125
40 years$12,578$7,924$4,823$2,856$1,658$105
41 years$12,134$7,543$4,522$2,635$1,504$87
42 years$11,713$7,183$4,242$2,432$1,365$73
43 years$11,312$6,844$3,980$2,245$1,238$61
44 years$10,931$6,524$3,736$2,073$1,124$51
45 years$10,568$6,221$3,508$1,914$1,020$43
46 years$10,221$5,935$3,295$1,768$927$36
47 years$9,890$5,664$3,096$1,634$841$30
48 years$9,574$5,407$2,909$1,510$764$25
49 years$9,272$5,163$2,734$1,395$694$21
50 years$8,982$4,932$2,571$1,290$630$17

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 $2,678 every year, while hoping to spend $54,653 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: 62/22/16 Blend
62$9,200,000$9,200,000$9,200,000$9,200,000
63$10,141,162$9,653,562$9,510,962$10,729,210
64$11,117,411$10,068,437$9,771,429$11,539,873
65$12,191,404$10,501,808$10,038,790$12,418,038
66$13,373,056$10,954,525$10,313,218$13,375,397
67$14,673,287$11,427,476$10,594,890$14,419,647
68$16,104,132$11,921,592$10,883,988$15,559,254
69$17,678,849$12,437,845$11,180,697$16,803,533
70$19,412,048$12,977,256$11,485,207$18,162,732
71$21,319,827$13,540,892$11,797,712$19,648,130
72$23,419,923$14,129,870$12,118,409$21,272,136
73$25,731,882$14,745,360$12,447,503$23,048,407
74$28,277,239$15,388,588$12,785,199$24,991,974
75$31,079,725$16,060,836$13,131,711$27,119,383
76$34,165,488$16,763,448$13,487,254$29,448,846
77$37,563,341$17,497,830$13,852,050$32,000,410
78$41,305,034$18,265,456$14,226,326$34,796,144
79$45,425,551$19,067,867$14,610,312$37,860,348
80$49,963,445$19,906,680$15,004,245$41,219,772
81$54,961,196$20,783,586$15,408,366$44,903,871
82$60,465,613$21,700,358$15,822,922$48,945,079
83$66,528,280$22,658,849$16,248,164$53,379,109
84$73,206,036$23,661,005$16,684,350$58,245,286
85$80,561,518$24,708,861$17,131,742$63,586,921
86$88,663,746$25,804,548$17,590,608$69,451,707
87$97,588,777$26,950,300$18,061,222$75,892,170
88$107,420,423$28,148,455$18,543,864$82,966,161
89$118,251,041$29,401,464$19,038,819$90,737,394
90$130,182,405$30,711,894$19,546,377$99,276,045
91$143,326,666$32,082,431$20,066,835$108,659,411
92$157,807,409$33,515,894$20,600,497$118,972,630
93$173,760,822$35,015,230$21,147,672$130,309,485
94$191,336,981$36,583,532$21,708,674$142,773,277
95$210,701,264$38,224,036$22,283,825$156,477,801
96$232,035,913$39,940,133$22,873,453$171,548,408
97$255,541,754$41,735,378$23,477,892$188,123,188
98$281,440,094$43,613,492$24,097,482$206,354,261
99$309,974,806$45,578,376$24,732,571$226,409,209
100$341,414,635$47,634,116$25,383,511$248,472,652