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%14.9%
1 years$767,985$761,144$754,470$747,956$741,595$726,622
2 years$380,191$373,110$366,248$359,594$353,141$338,121
3 years$250,943$243,832$236,987$230,396$224,047$209,449
4 years$186,331$179,242$172,466$165,987$159,792$145,729
5 years$147,575$140,528$133,840$127,494$121,471$107,983
6 years$121,745$114,752$108,163$101,958$96,116$83,217
7 years$103,303$96,368$89,884$83,825$78,168$65,861
8 years$89,478$82,605$76,229$70,319$64,848$53,129
9 years$78,730$71,923$65,656$59,896$54,611$43,473
10 years$70,137$63,396$57,240$51,631$46,532$35,963
11 years$63,111$56,438$50,393$44,934$40,019$30,007
12 years$57,261$50,656$44,723$39,414$34,679$25,209
13 years$52,314$45,778$39,957$34,796$30,241$21,297
14 years$48,077$41,611$35,901$30,888$26,509$18,074
15 years$44,409$38,012$32,414$27,547$23,341$15,397
16 years$41,203$34,876$29,388$24,665$20,629$13,158
17 years$38,376$32,119$26,742$22,162$18,291$11,274
18 years$35,867$29,680$24,412$19,972$16,263$9,681
19 years$33,624$27,507$22,348$18,046$14,496$8,329
20 years$31,608$25,561$20,510$16,344$12,948$7,177
21 years$29,786$23,809$18,865$14,834$11,587$6,193
22 years$28,132$22,225$17,387$13,487$10,386$5,351
23 years$26,625$20,786$16,054$12,283$9,323$4,627
24 years$25,245$19,475$14,847$11,203$8,380$4,005
25 years$23,977$18,277$13,752$10,231$7,541$3,469
26 years$22,809$17,177$12,754$9,355$6,792$3,007
27 years$21,729$16,166$11,843$8,563$6,124$2,607
28 years$20,728$15,233$11,010$7,845$5,526$2,262
29 years$19,797$14,370$10,245$7,194$4,990$1,963
30 years$18,931$13,571$9,543$6,603$4,508$1,705
31 years$18,122$12,829$8,897$6,064$4,076$1,481
32 years$17,365$12,139$8,301$5,573$3,687$1,286
33 years$16,655$11,496$7,751$5,125$3,337$1,118
34 years$15,988$10,896$7,242$4,715$3,021$972
35 years$15,361$10,334$6,771$4,341$2,736$845
36 years$14,771$9,809$6,334$3,998$2,479$734
37 years$14,213$9,316$5,928$3,683$2,247$639
38 years$13,686$8,854$5,551$3,395$2,037$555
39 years$13,187$8,419$5,201$3,130$1,847$483
40 years$12,715$8,010$4,875$2,887$1,676$420
41 years$12,266$7,625$4,571$2,664$1,520$365
42 years$11,840$7,261$4,288$2,458$1,379$318
43 years$11,435$6,919$4,024$2,269$1,252$277
44 years$11,050$6,595$3,777$2,095$1,136$241
45 years$10,682$6,289$3,546$1,935$1,032$209
46 years$10,332$5,999$3,331$1,788$937$182
47 years$9,998$5,725$3,129$1,651$850$159
48 years$9,678$5,466$2,941$1,526$772$138
49 years$9,372$5,219$2,764$1,410$701$120
50 years$9,080$4,986$2,599$1,304$637$104

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 $5,303 every year, while hoping to spend $59,968 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: 51/38/11 Blend
62$9,300,000$9,300,000$9,300,000$9,300,000
63$10,254,070$9,761,170$9,617,020$10,746,894
64$11,236,180$10,175,662$9,875,385$11,498,606
65$12,316,455$10,608,454$10,140,395$12,308,538
66$13,504,845$11,060,380$10,412,209$13,187,639
67$14,812,312$11,532,311$10,690,991$14,142,435
68$16,250,935$12,025,162$10,976,907$15,180,098
69$17,834,022$12,539,886$11,270,125$16,308,508
70$19,576,237$13,077,485$11,570,819$17,536,325
71$21,493,737$13,639,006$11,879,165$18,873,066
72$23,604,324$14,225,544$12,195,344$20,329,194
73$25,927,616$14,838,246$12,519,539$21,916,214
74$28,485,227$15,478,314$12,851,937$23,646,772
75$31,300,973$16,147,005$13,192,730$25,534,778
76$34,401,098$16,845,634$13,542,112$27,595,528
77$37,814,520$17,575,580$13,900,283$29,845,845
78$41,573,103$18,338,286$14,267,445$32,304,238
79$45,711,959$19,135,261$14,643,803$34,991,065
80$50,269,778$19,968,088$15,029,570$37,928,726
81$55,289,193$20,838,422$15,424,958$41,141,865
82$60,817,183$21,747,997$15,830,186$44,657,602
83$66,905,516$22,698,629$16,245,478$48,505,781
84$73,611,235$23,692,218$16,671,058$52,719,246
85$80,997,201$24,730,756$17,107,158$57,334,144
86$89,132,680$25,816,328$17,554,012$62,390,264
87$98,094,002$26,951,116$18,011,860$67,931,401
88$107,965,276$28,137,408$18,480,944$74,005,767
89$118,839,190$29,377,596$18,961,511$80,666,436
90$130,817,879$30,674,190$19,453,813$87,971,838
91$144,013,893$32,029,815$19,958,106$95,986,306
92$158,551,256$33,447,223$20,474,649$104,780,671
93$174,566,641$34,929,293$21,003,706$114,432,922
94$192,210,654$36,479,045$21,545,547$125,028,939
95$211,649,261$38,099,638$22,100,443$136,663,288
96$233,065,349$39,794,384$22,668,671$149,440,107
97$256,660,456$41,566,749$23,250,512$163,474,079
98$282,656,670$43,420,368$23,846,252$178,891,503
99$311,298,729$45,359,045$24,456,180$195,831,477
100$342,856,327$47,386,765$25,080,590$214,447,196