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

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$767,985$761,144$754,470$747,956$741,595$721,910
2 years$380,191$373,110$366,248$359,594$353,141$333,446
3 years$250,943$243,832$236,987$230,396$224,047$204,959
4 years$186,331$179,242$172,466$165,987$159,792$141,457
5 years$147,575$140,528$133,840$127,494$121,471$103,940
6 years$121,745$114,752$108,163$101,958$96,116$79,405
7 years$103,303$96,368$89,884$83,825$78,168$62,279
8 years$89,478$82,605$76,229$70,319$64,848$49,773
9 years$78,730$71,923$65,656$59,896$54,611$40,336
10 years$70,137$63,396$57,240$51,631$46,532$33,039
11 years$63,111$56,438$50,393$44,934$40,019$27,288
12 years$57,261$50,656$44,723$39,414$34,679$22,687
13 years$52,314$45,778$39,957$34,796$30,241$18,962
14 years$48,077$41,611$35,901$30,888$26,509$15,918
15 years$44,409$38,012$32,414$27,547$23,341$13,409
16 years$41,203$34,876$29,388$24,665$20,629$11,330
17 years$38,376$32,119$26,742$22,162$18,291$9,596
18 years$35,867$29,680$24,412$19,972$16,263$8,144
19 years$33,624$27,507$22,348$18,046$14,496$6,923
20 years$31,608$25,561$20,510$16,344$12,948$5,894
21 years$29,786$23,809$18,865$14,834$11,587$5,024
22 years$28,132$22,225$17,387$13,487$10,386$4,287
23 years$26,625$20,786$16,054$12,283$9,323$3,661
24 years$25,245$19,475$14,847$11,203$8,380$3,129
25 years$23,977$18,277$13,752$10,231$7,541$2,676
26 years$22,809$17,177$12,754$9,355$6,792$2,290
27 years$21,729$16,166$11,843$8,563$6,124$1,960
28 years$20,728$15,233$11,010$7,845$5,526$1,678
29 years$19,797$14,370$10,245$7,194$4,990$1,438
30 years$18,931$13,571$9,543$6,603$4,508$1,232
31 years$18,122$12,829$8,897$6,064$4,076$1,056
32 years$17,365$12,139$8,301$5,573$3,687$905
33 years$16,655$11,496$7,751$5,125$3,337$776
34 years$15,988$10,896$7,242$4,715$3,021$666
35 years$15,361$10,334$6,771$4,341$2,736$571
36 years$14,771$9,809$6,334$3,998$2,479$490
37 years$14,213$9,316$5,928$3,683$2,247$420
38 years$13,686$8,854$5,551$3,395$2,037$360
39 years$13,187$8,419$5,201$3,130$1,847$309
40 years$12,715$8,010$4,875$2,887$1,676$265
41 years$12,266$7,625$4,571$2,664$1,520$228
42 years$11,840$7,261$4,288$2,458$1,379$195
43 years$11,435$6,919$4,024$2,269$1,252$168
44 years$11,050$6,595$3,777$2,095$1,136$144
45 years$10,682$6,289$3,546$1,935$1,032$124
46 years$10,332$5,999$3,331$1,788$937$106
47 years$9,998$5,725$3,129$1,651$850$91
48 years$9,678$5,466$2,941$1,526$772$78
49 years$9,372$5,219$2,764$1,410$701$67
50 years$9,080$4,986$2,599$1,304$637$58

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 $4,420 every year, while hoping to spend $28,428 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: 45/26/29 Blend
62$9,300,000$9,300,000$9,300,000$9,300,000
63$10,253,159$9,760,259$9,616,109$10,628,335
64$11,268,734$10,208,265$9,908,002$11,344,012
65$12,386,945$10,677,270$10,208,720$12,116,644
66$13,618,231$11,168,273$10,518,529$12,954,076
67$14,974,094$11,682,322$10,837,703$13,862,381
68$16,467,209$12,220,514$11,166,524$14,848,227
69$18,111,544$12,783,998$11,505,282$15,918,942
70$19,922,488$13,373,980$11,854,275$17,082,576
71$21,917,001$13,991,724$12,213,813$18,347,975
72$24,113,770$14,638,554$12,584,210$19,724,864
73$26,533,388$15,315,857$12,965,796$21,223,931
74$29,198,548$16,025,089$13,358,904$22,856,926
75$32,134,255$16,767,773$13,763,883$24,636,770
76$35,368,065$17,545,509$14,181,088$26,577,670
77$38,930,340$18,359,972$14,610,887$28,695,250
78$42,854,541$19,212,917$15,053,658$31,006,697
79$47,177,540$20,106,186$15,509,792$33,530,913
80$51,939,968$21,041,708$15,979,689$36,288,694
81$57,186,599$22,021,505$16,463,762$39,302,919
82$62,966,771$23,047,699$16,962,437$42,598,761
83$69,334,856$24,122,510$17,476,154$46,203,921
84$76,350,769$25,248,270$18,005,362$50,148,881
85$84,080,532$26,427,421$18,550,526$54,467,187
86$92,596,904$27,662,522$19,112,127$59,195,763
87$101,980,061$28,956,258$19,690,656$64,375,247
88$112,318,356$30,311,443$20,286,621$70,050,373
89$123,709,151$31,731,027$20,900,546$76,270,385
90$136,259,738$33,218,101$21,532,968$83,089,493
91$150,088,351$34,775,908$22,184,442$90,567,381
92$165,325,282$36,407,846$22,855,539$98,769,758
93$182,114,108$38,117,478$23,546,848$107,768,973
94$200,613,053$39,908,541$24,258,973$117,644,689
95$220,996,475$41,784,949$24,992,539$128,484,625
96$243,456,513$43,750,810$25,748,187$140,385,377
97$268,204,905$45,810,427$26,526,579$153,453,316
98$295,474,982$47,968,314$27,328,396$167,805,586
99$325,523,871$50,229,203$28,154,338$183,571,200
100$358,634,926$52,598,054$29,005,129$200,892,240