Can I retire at age 63 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$767,985$761,144$754,470$747,956$741,595$718,720
2 years$380,191$373,110$366,248$359,594$353,141$330,294
3 years$250,943$243,832$236,987$230,396$224,047$201,946
4 years$186,331$179,242$172,466$165,987$159,792$138,606
5 years$147,575$140,528$133,840$127,494$121,471$101,257
6 years$121,745$114,752$108,163$101,958$96,116$76,891
7 years$103,303$96,368$89,884$83,825$78,168$59,932
8 years$89,478$82,605$76,229$70,319$64,848$47,588
9 years$78,730$71,923$65,656$59,896$54,611$38,309
10 years$70,137$63,396$57,240$51,631$46,532$31,163
11 years$63,111$56,438$50,393$44,934$40,019$25,557
12 years$57,261$50,656$44,723$39,414$34,679$21,094
13 years$52,314$45,778$39,957$34,796$30,241$17,501
14 years$48,077$41,611$35,901$30,888$26,509$14,580
15 years$44,409$38,012$32,414$27,547$23,341$12,187
16 years$41,203$34,876$29,388$24,665$20,629$10,216
17 years$38,376$32,119$26,742$22,162$18,291$8,583
18 years$35,867$29,680$24,412$19,972$16,263$7,225
19 years$33,624$27,507$22,348$18,046$14,496$6,092
20 years$31,608$25,561$20,510$16,344$12,948$5,143
21 years$29,786$23,809$18,865$14,834$11,587$4,347
22 years$28,132$22,225$17,387$13,487$10,386$3,678
23 years$26,625$20,786$16,054$12,283$9,323$3,114
24 years$25,245$19,475$14,847$11,203$8,380$2,638
25 years$23,977$18,277$13,752$10,231$7,541$2,236
26 years$22,809$17,177$12,754$9,355$6,792$1,896
27 years$21,729$16,166$11,843$8,563$6,124$1,609
28 years$20,728$15,233$11,010$7,845$5,526$1,366
29 years$19,797$14,370$10,245$7,194$4,990$1,159
30 years$18,931$13,571$9,543$6,603$4,508$985
31 years$18,122$12,829$8,897$6,064$4,076$836
32 years$17,365$12,139$8,301$5,573$3,687$710
33 years$16,655$11,496$7,751$5,125$3,337$604
34 years$15,988$10,896$7,242$4,715$3,021$513
35 years$15,361$10,334$6,771$4,341$2,736$436
36 years$14,771$9,809$6,334$3,998$2,479$370
37 years$14,213$9,316$5,928$3,683$2,247$315
38 years$13,686$8,854$5,551$3,395$2,037$268
39 years$13,187$8,419$5,201$3,130$1,847$227
40 years$12,715$8,010$4,875$2,887$1,676$193
41 years$12,266$7,625$4,571$2,664$1,520$164
42 years$11,840$7,261$4,288$2,458$1,379$140
43 years$11,435$6,919$4,024$2,269$1,252$119
44 years$11,050$6,595$3,777$2,095$1,136$101
45 years$10,682$6,289$3,546$1,935$1,032$86
46 years$10,332$5,999$3,331$1,788$937$73
47 years$9,998$5,725$3,129$1,651$850$62
48 years$9,678$5,466$2,941$1,526$772$53
49 years$9,372$5,219$2,764$1,410$701$45
50 years$9,080$4,986$2,599$1,304$637$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,300,000, adding $2,094 every year, while hoping to spend $45,102 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: 48/28/24 Blend
62$9,300,000$9,300,000$9,300,000$9,300,000
63$10,250,760$9,757,860$9,613,710$10,672,752
64$11,248,349$10,188,007$9,887,781$11,398,307
65$12,346,181$10,637,719$10,169,522$12,181,096
66$13,554,433$11,107,909$10,459,142$13,030,264
67$14,884,317$11,599,529$10,756,856$13,952,077
68$16,348,191$12,113,579$11,062,884$14,953,419
69$17,959,669$12,651,107$11,377,453$16,041,856
70$19,733,752$13,213,208$11,700,795$17,225,702
71$21,686,971$13,801,032$12,033,148$18,514,098
72$23,837,541$14,415,780$12,374,756$19,917,092
73$26,205,531$15,058,715$12,725,871$21,445,735
74$28,813,057$15,731,154$13,086,751$23,112,175
75$31,684,490$16,434,482$13,457,658$24,929,775
76$34,846,683$17,170,147$13,838,864$26,913,233
77$38,329,227$17,939,666$14,230,648$29,078,715
78$42,164,728$18,744,629$14,633,295$31,444,008
79$46,389,116$19,586,702$15,047,096$34,028,678
80$51,041,985$20,467,629$15,472,353$36,854,257
81$56,166,963$21,389,239$15,909,373$39,944,435
82$61,812,128$22,353,447$16,358,472$43,325,284
83$68,030,459$23,362,259$16,819,974$47,025,498
84$74,880,334$24,417,778$17,294,211$51,076,658
85$82,426,086$25,522,207$17,781,525$55,513,523
86$90,738,605$26,677,853$18,282,264$60,374,358
87$99,896,010$27,887,135$18,796,788$65,701,284
88$109,984,385$29,152,588$19,325,463$71,540,670
89$121,098,593$30,476,865$19,868,666$77,943,570
90$133,343,168$31,862,750$20,426,785$84,966,190
91$146,833,304$33,313,157$21,000,215$92,670,419
92$161,695,942$34,831,142$21,589,362$101,124,401
93$178,070,966$36,419,906$22,194,644$110,403,175
94$196,112,526$38,082,804$22,816,487$120,589,370
95$215,990,493$39,823,351$23,455,329$131,773,982
96$237,892,060$41,645,231$24,111,618$144,057,222
97$262,023,507$43,552,305$24,785,815$157,549,455
98$288,612,156$45,548,619$25,478,391$172,372,228
99$317,908,508$47,638,413$26,189,829$188,659,413
100$350,188,612$49,826,131$26,920,624$206,558,456