Can I retire at age 63 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$776,243$769,329$762,583$755,999$749,569$739,284
2 years$384,279$377,122$370,186$363,461$356,938$346,593
3 years$253,641$246,453$239,535$232,873$226,456$216,374
4 years$188,335$181,169$174,320$167,772$161,510$151,769
5 years$149,162$142,039$135,279$128,865$122,778$113,405
6 years$123,055$115,985$109,326$103,054$97,150$88,157
7 years$104,414$97,404$90,850$84,727$79,009$70,399
8 years$90,440$83,494$77,048$71,075$65,545$57,318
9 years$79,577$72,696$66,362$60,540$55,199$47,349
10 years$70,892$64,078$57,856$52,186$47,032$39,555
11 years$63,790$57,045$50,935$45,418$40,449$33,337
12 years$57,876$51,201$45,204$39,837$35,052$28,298
13 years$52,876$46,270$40,386$35,170$30,566$24,160
14 years$48,594$42,058$36,287$31,220$26,794$20,726
15 years$44,887$38,421$32,763$27,843$23,592$17,851
16 years$41,646$35,251$29,704$24,930$20,850$15,427
17 years$38,789$32,465$27,030$22,400$18,487$13,370
18 years$36,252$29,999$24,675$20,187$16,438$11,615
19 years$33,985$27,802$22,588$18,240$14,652$10,111
20 years$31,948$25,835$20,730$16,520$13,087$8,818
21 years$30,106$24,065$19,068$14,993$11,712$7,702
22 years$28,435$22,463$17,574$13,632$10,498$6,736
23 years$26,911$21,010$16,227$12,415$9,423$5,898
24 years$25,516$19,685$15,007$11,323$8,470$5,169
25 years$24,235$18,473$13,899$10,341$7,622$4,534
26 years$23,054$17,362$12,891$9,455$6,865$3,980
27 years$21,962$16,339$11,970$8,655$6,190$3,496
28 years$20,951$15,397$11,128$7,930$5,585$3,073
29 years$20,010$14,525$10,356$7,272$5,043$2,703
30 years$19,134$13,717$9,646$6,674$4,557$2,378
31 years$18,317$12,967$8,993$6,129$4,120$2,093
32 years$17,551$12,270$8,390$5,633$3,727$1,842
33 years$16,834$11,620$7,834$5,180$3,373$1,622
34 years$16,160$11,013$7,320$4,766$3,054$1,429
35 years$15,527$10,445$6,843$4,387$2,766$1,259
36 years$14,929$9,914$6,402$4,041$2,506$1,110
37 years$14,366$9,416$5,992$3,723$2,271$978
38 years$13,833$8,949$5,611$3,431$2,059$862
39 years$13,329$8,509$5,257$3,164$1,867$760
40 years$12,851$8,096$4,927$2,918$1,694$671
41 years$12,398$7,707$4,620$2,692$1,536$591
42 years$11,968$7,340$4,334$2,485$1,394$522
43 years$11,558$6,993$4,067$2,294$1,265$460
44 years$11,169$6,666$3,818$2,118$1,149$406
45 years$10,797$6,357$3,585$1,956$1,043$358
46 years$10,443$6,064$3,367$1,807$947$316
47 years$10,105$5,787$3,163$1,669$860$279
48 years$9,782$5,524$2,972$1,542$781$246
49 years$9,473$5,275$2,794$1,425$709$217
50 years$9,178$5,039$2,627$1,318$644$191

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,400,000, adding $3,794 every year, while hoping to spend $53,512 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: 50/39/11 Blend
62$9,400,000$9,400,000$9,400,000$9,400,000
63$10,362,714$9,864,514$9,718,814$10,850,121
64$11,362,774$10,290,938$9,987,457$11,610,640
65$12,463,047$10,736,464$10,263,307$12,430,652
66$13,673,698$11,201,971$10,546,548$13,320,501
67$15,005,927$11,688,380$10,837,370$14,286,757
68$16,472,075$12,196,654$11,135,965$15,336,635
69$18,085,740$12,727,803$11,442,533$16,478,065
70$19,861,904$13,282,884$11,757,277$17,719,757
71$21,817,077$13,863,004$12,080,404$19,071,284
72$23,969,449$14,469,322$12,412,128$20,543,168
73$26,339,064$15,103,050$12,752,665$22,146,974
74$28,948,010$15,765,460$13,102,240$23,895,418
75$31,820,622$16,457,882$13,461,080$25,802,480
76$34,983,717$17,181,711$13,829,419$27,883,532
77$38,466,847$17,938,405$14,207,495$30,155,480
78$42,302,571$18,729,493$14,595,552$32,636,921
79$46,526,771$19,556,576$14,993,840$35,348,306
80$51,178,983$20,421,329$15,402,615$38,312,137
81$56,302,775$21,325,510$15,822,139$41,553,167
82$61,946,155$22,270,957$16,252,677$45,098,631
83$68,162,025$23,259,597$16,694,505$48,978,499
84$75,008,682$24,293,447$17,147,900$53,225,747
85$82,550,362$25,374,620$17,613,150$57,876,670
86$90,857,854$26,505,332$18,090,545$62,971,210
87$100,009,161$27,687,899$18,580,385$68,553,330
88$110,090,242$28,924,753$19,082,974$74,671,421
89$121,195,818$30,218,437$19,598,625$81,378,753
90$133,430,268$31,571,617$20,127,655$88,733,965
91$146,908,615$32,987,085$20,670,391$96,801,614
92$161,757,609$34,467,769$21,227,166$105,652,775
93$178,116,928$36,016,732$21,798,318$115,365,702
94$196,140,488$37,637,185$22,384,195$126,026,558
95$215,997,903$39,332,493$22,985,151$137,730,217
96$237,876,085$41,106,180$23,601,549$150,581,149
97$261,981,002$42,961,939$24,233,757$164,694,398
98$288,539,630$44,903,640$24,882,154$180,196,652
99$317,802,089$46,935,336$25,547,123$197,227,432
100$350,044,009$49,061,274$26,229,059$215,940,390