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%11.8%
1 years$784,501$777,513$770,696$764,041$757,543$751,824
2 years$388,367$381,134$374,124$367,327$360,735$354,969
3 years$256,339$249,075$242,083$235,350$228,865$223,231
4 years$190,339$183,097$176,174$169,557$163,228$157,769
5 years$150,748$143,550$136,719$130,236$124,084$118,816
6 years$124,364$117,219$110,489$104,151$98,183$93,113
7 years$105,525$98,441$91,817$85,628$79,849$74,979
8 years$91,402$84,382$77,868$71,831$66,243$61,573
9 years$80,423$73,470$67,068$61,184$55,786$51,315
10 years$71,646$64,760$58,471$52,741$47,532$43,258
11 years$64,469$57,652$51,477$45,901$40,879$36,799
12 years$58,492$51,745$45,685$40,261$35,425$31,534
13 years$53,439$46,763$40,816$35,545$30,891$27,186
14 years$49,111$42,506$36,673$31,552$27,079$23,555
15 years$45,364$38,830$33,111$28,139$23,843$20,494
16 years$42,089$35,626$30,020$25,196$21,072$17,895
17 years$39,201$32,810$27,317$22,638$18,684$15,673
18 years$36,638$30,318$24,937$20,401$16,613$13,762
19 years$34,347$28,098$22,829$18,434$14,808$12,111
20 years$32,287$26,110$20,951$16,696$13,226$10,679
21 years$30,427$24,321$19,271$15,153$11,836$9,432
22 years$28,737$22,702$17,761$13,777$10,609$8,343
23 years$27,197$21,233$16,399$12,547$9,524$7,389
24 years$25,787$19,894$15,167$11,444$8,560$6,551
25 years$24,492$18,670$14,047$10,451$7,703$5,815
26 years$23,299$17,546$13,028$9,556$6,938$5,165
27 years$22,196$16,513$12,098$8,747$6,256$4,592
28 years$21,173$15,560$11,246$8,014$5,644$4,085
29 years$20,223$14,679$10,466$7,349$5,097$3,636
30 years$19,338$13,863$9,748$6,745$4,605$3,238
31 years$18,511$13,105$9,088$6,194$4,164$2,885
32 years$17,738$12,400$8,479$5,693$3,766$2,572
33 years$17,013$11,743$7,917$5,235$3,408$2,294
34 years$16,332$11,130$7,397$4,817$3,086$2,046
35 years$15,692$10,557$6,916$4,434$2,795$1,825
36 years$15,088$10,020$6,470$4,084$2,533$1,629
37 years$14,519$9,516$6,056$3,762$2,295$1,455
38 years$13,980$9,044$5,671$3,468$2,081$1,299
39 years$13,471$8,600$5,313$3,198$1,887$1,160
40 years$12,988$8,182$4,980$2,949$1,712$1,036
41 years$12,530$7,789$4,670$2,721$1,553$926
42 years$12,095$7,418$4,380$2,511$1,409$827
43 years$11,681$7,068$4,110$2,318$1,279$739
44 years$11,287$6,737$3,858$2,140$1,161$660
45 years$10,912$6,424$3,623$1,977$1,054$590
46 years$10,554$6,128$3,403$1,826$957$528
47 years$10,213$5,848$3,197$1,687$869$472
48 years$9,886$5,583$3,004$1,559$789$422
49 years$9,574$5,332$2,823$1,441$717$377
50 years$9,275$5,093$2,654$1,332$651$337

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 $2,798 every year, while hoping to spend $22,574 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: 40/34/26 Blend
62$9,500,000$9,500,000$9,500,000$9,500,000
63$10,471,886$9,968,386$9,821,136$10,810,179
64$11,516,000$10,432,818$10,126,126$11,519,802
65$12,665,857$10,919,251$10,440,576$12,284,696
66$13,932,219$11,428,739$10,764,779$13,111,791
67$15,326,944$11,962,387$11,099,039$14,006,789
68$16,863,102$12,521,353$11,443,666$14,975,948
69$18,555,091$13,106,852$11,798,981$16,026,134
70$20,418,779$13,720,157$12,165,316$17,164,885
71$22,471,652$14,362,602$12,543,012$18,400,477
72$24,732,979$15,035,587$12,932,421$19,741,997
73$27,223,990$15,740,579$13,333,905$21,199,424
74$29,968,085$16,479,115$13,747,838$22,783,722
75$32,991,046$17,252,808$14,174,607$24,506,934
76$36,321,285$18,063,348$14,614,609$26,382,293
77$39,990,110$18,912,506$15,068,252$28,424,344
78$44,032,024$19,802,141$15,535,961$30,649,069
79$48,485,044$20,734,200$16,018,170$33,074,040
80$53,391,068$21,710,725$16,515,327$35,718,574
81$58,796,263$22,733,857$17,027,898$38,603,909
82$64,751,507$23,805,841$17,556,357$41,753,402
83$71,312,863$24,929,030$18,101,197$45,192,736
84$78,542,114$26,105,891$18,662,926$48,950,161
85$86,507,341$27,339,011$19,242,066$53,056,752
86$95,283,571$28,631,103$19,839,156$57,546,691
87$104,953,479$29,985,011$20,454,751$62,457,587
88$115,608,174$31,403,717$21,089,425$67,830,818
89$127,348,054$32,890,346$21,743,768$73,711,912
90$140,283,760$34,448,177$22,418,389$80,150,973
91$154,537,214$36,080,648$23,113,915$87,203,140
92$170,242,771$37,791,361$23,830,993$94,929,094
93$187,548,493$39,584,097$24,570,290$103,395,629
94$206,617,538$41,462,817$25,332,494$112,676,263
95$227,629,708$43,431,676$26,118,313$122,851,925
96$250,783,140$45,495,030$26,928,478$134,011,704
97$276,296,181$47,657,447$27,763,743$146,253,680
98$304,409,447$49,923,717$28,624,884$159,685,832
99$335,388,094$52,298,863$29,512,701$174,427,048
100$369,524,323$54,788,150$30,428,020$190,608,230