Can I retire at age 63 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$784,501$777,513$770,696$764,041$757,543$736,245
2 years$388,367$381,134$374,124$367,327$360,735$339,440
3 years$256,339$249,075$242,083$235,350$228,865$208,240
4 years$190,339$183,097$176,174$169,557$163,228$143,432
5 years$150,748$143,550$136,719$130,236$124,084$105,170
6 years$124,364$117,219$110,489$104,151$98,183$80,169
7 years$105,525$98,441$91,817$85,628$79,849$62,736
8 years$91,402$84,382$77,868$71,831$66,243$50,020
9 years$80,423$73,470$67,068$61,184$55,786$40,439
10 years$71,646$64,760$58,471$52,741$47,532$33,040
11 years$64,469$57,652$51,477$45,901$40,879$27,219
12 years$58,492$51,745$45,685$40,261$35,425$22,570
13 years$53,439$46,763$40,816$35,545$30,891$18,814
14 years$49,111$42,506$36,673$31,552$27,079$15,750
15 years$45,364$38,830$33,111$28,139$23,843$13,231
16 years$42,089$35,626$30,020$25,196$21,072$11,146
17 years$39,201$32,810$27,317$22,638$18,684$9,413
18 years$36,638$30,318$24,937$20,401$16,613$7,965
19 years$34,347$28,098$22,829$18,434$14,808$6,751
20 years$32,287$26,110$20,951$16,696$13,226$5,730
21 years$30,427$24,321$19,271$15,153$11,836$4,869
22 years$28,737$22,702$17,761$13,777$10,609$4,142
23 years$27,197$21,233$16,399$12,547$9,524$3,526
24 years$25,787$19,894$15,167$11,444$8,560$3,004
25 years$24,492$18,670$14,047$10,451$7,703$2,561
26 years$23,299$17,546$13,028$9,556$6,938$2,184
27 years$22,196$16,513$12,098$8,747$6,256$1,864
28 years$21,173$15,560$11,246$8,014$5,644$1,591
29 years$20,223$14,679$10,466$7,349$5,097$1,358
30 years$19,338$13,863$9,748$6,745$4,605$1,160
31 years$18,511$13,105$9,088$6,194$4,164$991
32 years$17,738$12,400$8,479$5,693$3,766$847
33 years$17,013$11,743$7,917$5,235$3,408$724
34 years$16,332$11,130$7,397$4,817$3,086$619
35 years$15,692$10,557$6,916$4,434$2,795$529
36 years$15,088$10,020$6,470$4,084$2,533$452
37 years$14,519$9,516$6,056$3,762$2,295$386
38 years$13,980$9,044$5,671$3,468$2,081$330
39 years$13,471$8,600$5,313$3,198$1,887$283
40 years$12,988$8,182$4,980$2,949$1,712$242
41 years$12,530$7,789$4,670$2,721$1,553$207
42 years$12,095$7,418$4,380$2,511$1,409$177
43 years$11,681$7,068$4,110$2,318$1,279$151
44 years$11,287$6,737$3,858$2,140$1,161$129
45 years$10,912$6,424$3,623$1,977$1,054$111
46 years$10,554$6,128$3,403$1,826$957$95
47 years$10,213$5,848$3,197$1,687$869$81
48 years$9,886$5,583$3,004$1,559$789$69
49 years$9,574$5,332$2,823$1,441$717$59
50 years$9,275$5,093$2,654$1,332$651$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,500,000, adding $5,667 every year, while hoping to spend $21,626 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: 49/23/28 Blend
62$9,500,000$9,500,000$9,500,000$9,500,000
63$10,474,846$9,971,346$9,824,096$10,904,478
64$11,520,270$10,436,932$10,130,193$11,671,934
65$12,671,603$10,924,606$10,445,820$12,502,679
66$13,939,624$11,435,430$10,771,272$13,404,864
67$15,336,212$11,970,512$11,106,856$14,385,259
68$16,874,456$12,531,018$11,452,887$15,451,304
69$18,568,781$13,118,169$11,809,689$16,611,177
70$20,435,081$13,733,243$12,177,598$17,873,865
71$22,490,870$14,377,583$12,556,958$19,249,251
72$24,755,450$15,052,595$12,948,127$20,748,199
73$27,250,087$15,759,754$13,351,470$22,382,655
74$29,998,219$16,500,605$13,767,368$24,165,756
75$33,025,673$17,276,769$14,196,210$26,111,954
76$36,360,907$18,089,947$14,638,398$28,237,141
77$40,035,283$18,941,918$15,094,348$30,558,803
78$44,083,361$19,834,551$15,564,488$33,096,176
79$48,543,224$20,769,804$16,049,259$35,870,423
80$53,456,839$21,749,731$16,549,115$38,904,834
81$58,870,452$22,776,483$17,064,526$42,225,035
82$64,835,025$23,852,318$17,595,975$45,859,229
83$71,406,719$24,979,602$18,143,961$49,838,458
84$78,647,418$26,160,817$18,708,998$54,196,885
85$86,625,322$27,398,564$19,291,616$58,972,118
86$95,415,581$28,695,570$19,892,361$64,205,552
87$105,101,012$30,054,695$20,511,798$69,942,761
88$115,772,878$31,478,938$21,150,506$76,233,917
89$127,531,749$32,971,443$21,809,085$83,134,256
90$140,488,451$34,535,508$22,488,153$90,704,598
91$154,765,114$36,174,588$23,188,346$99,011,907
92$170,496,321$37,892,308$23,910,322$108,129,922
93$187,830,384$39,692,469$24,654,756$118,139,841
94$206,930,739$41,579,057$25,422,347$129,131,079
95$227,977,494$43,556,250$26,213,814$141,202,107
96$251,169,121$45,628,429$27,029,900$154,461,370
97$276,724,339$47,800,190$27,871,369$169,028,300
98$304,884,172$50,076,349$28,739,011$185,034,436
99$335,914,228$52,461,961$29,633,638$202,624,656
100$370,107,203$54,962,321$30,556,088$221,958,531