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

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$784,501$777,513$770,696$764,041$757,543$753,717
2 years$388,367$381,134$374,124$367,327$360,735$356,874
3 years$256,339$249,075$242,083$235,350$228,865$225,088
4 years$190,339$183,097$176,174$169,557$163,228$159,565
5 years$150,748$143,550$136,719$130,236$124,084$120,544
6 years$124,364$117,219$110,489$104,151$98,183$94,772
7 years$105,525$98,441$91,817$85,628$79,849$76,569
8 years$91,402$84,382$77,868$71,831$66,243$63,093
9 years$80,423$73,470$67,068$61,184$55,786$52,766
10 years$71,646$64,760$58,471$52,741$47,532$44,641
11 years$64,469$57,652$51,477$45,901$40,879$38,115
12 years$58,492$51,745$45,685$40,261$35,425$32,785
13 years$53,439$46,763$40,816$35,545$30,891$28,373
14 years$49,111$42,506$36,673$31,552$27,079$24,680
15 years$45,364$38,830$33,111$28,139$23,843$21,559
16 years$42,089$35,626$30,020$25,196$21,072$18,902
17 years$39,201$32,810$27,317$22,638$18,684$16,623
18 years$36,638$30,318$24,937$20,401$16,613$14,658
19 years$34,347$28,098$22,829$18,434$14,808$12,955
20 years$32,287$26,110$20,951$16,696$13,226$11,473
21 years$30,427$24,321$19,271$15,153$11,836$10,178
22 years$28,737$22,702$17,761$13,777$10,609$9,043
23 years$27,197$21,233$16,399$12,547$9,524$8,045
24 years$25,787$19,894$15,167$11,444$8,560$7,166
25 years$24,492$18,670$14,047$10,451$7,703$6,390
26 years$23,299$17,546$13,028$9,556$6,938$5,703
27 years$22,196$16,513$12,098$8,747$6,256$5,094
28 years$21,173$15,560$11,246$8,014$5,644$4,553
29 years$20,223$14,679$10,466$7,349$5,097$4,072
30 years$19,338$13,863$9,748$6,745$4,605$3,645
31 years$18,511$13,105$9,088$6,194$4,164$3,263
32 years$17,738$12,400$8,479$5,693$3,766$2,923
33 years$17,013$11,743$7,917$5,235$3,408$2,620
34 years$16,332$11,130$7,397$4,817$3,086$2,348
35 years$15,692$10,557$6,916$4,434$2,795$2,106
36 years$15,088$10,020$6,470$4,084$2,533$1,889
37 years$14,519$9,516$6,056$3,762$2,295$1,695
38 years$13,980$9,044$5,671$3,468$2,081$1,521
39 years$13,471$8,600$5,313$3,198$1,887$1,366
40 years$12,988$8,182$4,980$2,949$1,712$1,226
41 years$12,530$7,789$4,670$2,721$1,553$1,101
42 years$12,095$7,418$4,380$2,511$1,409$989
43 years$11,681$7,068$4,110$2,318$1,279$888
44 years$11,287$6,737$3,858$2,140$1,161$798
45 years$10,912$6,424$3,623$1,977$1,054$717
46 years$10,554$6,128$3,403$1,826$957$644
47 years$10,213$5,848$3,197$1,687$869$579
48 years$9,886$5,583$3,004$1,559$789$520
49 years$9,574$5,332$2,823$1,441$717$467
50 years$9,275$5,093$2,654$1,332$651$420

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 $6,199 every year, while hoping to spend $28,941 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: 45/32/23 Blend
62$9,500,000$9,500,000$9,500,000$9,500,000
63$10,475,394$9,971,894$9,824,644$10,877,038
64$11,513,091$10,429,724$10,122,977$11,618,808
65$12,655,664$10,909,018$10,430,334$12,419,426
66$13,913,778$11,410,796$10,746,986$13,287,101
67$15,299,188$11,936,129$11,073,215$14,228,087
68$16,824,845$12,486,140$11,409,307$15,249,253
69$18,505,021$13,062,002$11,755,561$16,358,140
70$20,355,442$13,664,949$12,112,281$17,563,034
71$22,393,438$14,296,273$12,479,783$18,873,036
72$24,638,104$14,957,326$12,858,392$20,298,149
73$27,110,483$15,649,527$13,248,440$21,849,363
74$29,833,763$16,374,364$13,650,273$23,538,757
75$32,833,494$17,133,395$14,064,245$25,379,610
76$36,137,833$17,928,255$14,490,720$27,386,520
77$39,777,808$18,760,655$14,930,075$29,575,538
78$43,787,609$19,632,391$15,382,697$31,964,314
79$48,204,912$20,545,345$15,848,984$34,572,257
80$53,071,235$21,501,489$16,329,347$37,420,717
81$58,432,330$22,502,891$16,824,209$40,533,176
82$64,338,613$23,551,719$17,334,006$43,935,468
83$70,845,642$24,650,243$17,859,186$47,656,011
84$78,014,639$25,800,847$18,400,210$51,726,077
85$85,913,071$27,006,027$18,957,556$56,180,073
86$94,615,282$28,268,400$19,531,712$61,055,862
87$104,203,200$29,590,711$20,123,183$66,395,112
88$114,767,105$30,975,835$20,732,489$72,243,683
89$126,406,488$32,426,788$21,360,164$78,652,052
90$139,230,981$33,946,732$22,006,761$85,675,778
91$153,361,400$35,538,981$22,672,847$93,376,021
92$168,930,880$37,207,009$23,359,005$101,820,109
93$186,086,136$38,954,458$24,065,838$111,082,162
94$204,988,844$40,785,149$24,793,965$121,243,786
95$225,817,169$42,703,084$25,544,026$132,394,828
96$248,767,445$44,712,460$26,316,676$144,634,216
97$274,056,033$46,817,680$27,112,593$158,070,882
98$301,921,358$49,023,355$27,932,475$172,824,775
99$332,626,162$51,334,325$28,777,038$189,027,983
100$366,459,984$53,755,660$29,647,022$206,825,967