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

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$776,243$769,329$762,583$755,999$749,569$733,236
2 years$384,279$377,122$370,186$363,461$356,938$340,565
3 years$253,641$246,453$239,535$232,873$226,456$210,554
4 years$188,335$181,169$174,320$167,772$161,510$146,202
5 years$149,162$142,039$135,279$128,865$122,778$108,106
6 years$123,055$115,985$109,326$103,054$97,150$83,131
7 years$104,414$97,404$90,850$84,727$79,009$65,645
8 years$90,440$83,494$77,048$71,075$65,545$52,832
9 years$79,577$72,696$66,362$60,540$55,199$43,126
10 years$70,892$64,078$57,856$52,186$47,032$35,588
11 years$63,790$57,045$50,935$45,418$40,449$29,619
12 years$57,876$51,201$45,204$39,837$35,052$24,819
13 years$52,876$46,270$40,386$35,170$30,566$20,912
14 years$48,594$42,058$36,287$31,220$26,794$17,699
15 years$44,887$38,421$32,763$27,843$23,592$15,036
16 years$41,646$35,251$29,704$24,930$20,850$12,812
17 years$38,789$32,465$27,030$22,400$18,487$10,946
18 years$36,252$29,999$24,675$20,187$16,438$9,372
19 years$33,985$27,802$22,588$18,240$14,652$8,040
20 years$31,948$25,835$20,730$16,520$13,087$6,907
21 years$30,106$24,065$19,068$14,993$11,712$5,942
22 years$28,435$22,463$17,574$13,632$10,498$5,118
23 years$26,911$21,010$16,227$12,415$9,423$4,412
24 years$25,516$19,685$15,007$11,323$8,470$3,806
25 years$24,235$18,473$13,899$10,341$7,622$3,287
26 years$23,054$17,362$12,891$9,455$6,865$2,839
27 years$21,962$16,339$11,970$8,655$6,190$2,454
28 years$20,951$15,397$11,128$7,930$5,585$2,123
29 years$20,010$14,525$10,356$7,272$5,043$1,836
30 years$19,134$13,717$9,646$6,674$4,557$1,589
31 years$18,317$12,967$8,993$6,129$4,120$1,376
32 years$17,551$12,270$8,390$5,633$3,727$1,191
33 years$16,834$11,620$7,834$5,180$3,373$1,032
34 years$16,160$11,013$7,320$4,766$3,054$894
35 years$15,527$10,445$6,843$4,387$2,766$774
36 years$14,929$9,914$6,402$4,041$2,506$671
37 years$14,366$9,416$5,992$3,723$2,271$581
38 years$13,833$8,949$5,611$3,431$2,059$504
39 years$13,329$8,509$5,257$3,164$1,867$437
40 years$12,851$8,096$4,927$2,918$1,694$379
41 years$12,398$7,707$4,620$2,692$1,536$328
42 years$11,968$7,340$4,334$2,485$1,394$285
43 years$11,558$6,993$4,067$2,294$1,265$247
44 years$11,169$6,666$3,818$2,118$1,149$214
45 years$10,797$6,357$3,585$1,956$1,043$185
46 years$10,443$6,064$3,367$1,807$947$161
47 years$10,105$5,787$3,163$1,669$860$139
48 years$9,782$5,524$2,972$1,542$781$121
49 years$9,473$5,275$2,794$1,425$709$105
50 years$9,178$5,039$2,627$1,318$644$91

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 $3,761 every year, while hoping to spend $41,971 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: 56/28/16 Blend
62$9,400,000$9,400,000$9,400,000$9,400,000
63$10,362,679$9,864,479$9,718,779$10,899,213
64$11,375,016$10,303,182$9,999,702$11,702,954
65$12,489,204$10,761,975$10,288,628$12,573,182
66$13,715,588$11,241,797$10,585,783$13,520,190
67$15,065,567$11,743,634$10,891,395$14,551,339
68$16,551,700$12,268,517$11,205,702$15,674,721
69$18,187,826$12,817,526$11,528,945$16,899,235
70$19,989,194$13,391,795$11,861,375$18,234,665
71$21,972,607$13,992,508$12,203,246$19,691,772
72$24,156,581$14,620,909$12,554,823$21,282,389
73$26,561,517$15,278,298$12,916,374$23,019,535
74$29,209,897$15,966,040$13,288,178$24,917,530
75$32,126,493$16,685,563$13,670,519$26,992,128
76$35,338,604$17,438,364$14,063,690$29,260,664
77$38,876,309$18,226,011$14,467,991$31,742,211
78$42,772,755$19,050,148$14,883,731$34,457,759
79$47,064,466$19,912,496$15,311,226$37,430,405
80$51,791,693$20,814,859$15,750,803$40,685,572
81$56,998,785$21,759,128$16,202,796$44,251,241
82$62,734,619$22,747,282$16,667,546$48,158,212
83$69,053,048$23,781,397$17,145,408$52,440,388
84$76,013,422$24,863,649$17,636,742$57,135,093
85$83,681,138$25,996,315$18,141,920$62,283,416
86$92,128,264$27,181,783$18,661,323$67,930,596
87$101,434,213$28,422,557$19,195,343$74,126,441
88$111,686,498$29,721,257$19,744,383$80,925,793
89$122,981,554$31,080,633$20,308,854$88,389,041
90$135,425,653$32,503,564$20,889,180$96,582,682
91$149,135,899$33,993,068$21,485,797$105,579,943
92$164,241,339$35,552,307$22,099,150$115,461,464
93$180,884,183$37,184,597$22,729,699$126,316,055
94$199,221,139$38,893,412$23,377,913$138,241,522
95$219,424,897$40,682,391$24,044,275$151,345,586
96$241,685,760$42,555,352$24,729,282$165,746,889
97$266,213,436$44,516,292$25,433,441$181,576,104
98$293,239,020$46,569,404$26,157,275$198,977,164
99$323,017,176$48,719,081$26,901,320$218,108,606
100$355,828,539$50,969,926$27,666,124$239,145,058