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%17.9%
1 years$784,501$777,513$770,696$764,041$757,543$733,294
2 years$388,367$381,134$374,124$367,327$360,735$336,528
3 years$256,339$249,075$242,083$235,350$228,865$205,460
4 years$190,339$183,097$176,174$169,557$163,228$140,804
5 years$150,748$143,550$136,719$130,236$124,084$102,701
6 years$124,364$117,219$110,489$104,151$98,183$77,859
7 years$105,525$98,441$91,817$85,628$79,849$60,583
8 years$91,402$84,382$77,868$71,831$66,243$48,020
9 years$80,423$73,470$67,068$61,184$55,786$38,586
10 years$71,646$64,760$58,471$52,741$47,532$31,329
11 years$64,469$57,652$51,477$45,901$40,879$25,644
12 years$58,492$51,745$45,685$40,261$35,425$21,124
13 years$53,439$46,763$40,816$35,545$30,891$17,489
14 years$49,111$42,506$36,673$31,552$27,079$14,540
15 years$45,364$38,830$33,111$28,139$23,843$12,128
16 years$42,089$35,626$30,020$25,196$21,072$10,145
17 years$39,201$32,810$27,317$22,638$18,684$8,505
18 years$36,638$30,318$24,937$20,401$16,613$7,143
19 years$34,347$28,098$22,829$18,434$14,808$6,009
20 years$32,287$26,110$20,951$16,696$13,226$5,062
21 years$30,427$24,321$19,271$15,153$11,836$4,268
22 years$28,737$22,702$17,761$13,777$10,609$3,602
23 years$27,197$21,233$16,399$12,547$9,524$3,043
24 years$25,787$19,894$15,167$11,444$8,560$2,572
25 years$24,492$18,670$14,047$10,451$7,703$2,175
26 years$23,299$17,546$13,028$9,556$6,938$1,840
27 years$22,196$16,513$12,098$8,747$6,256$1,557
28 years$21,173$15,560$11,246$8,014$5,644$1,319
29 years$20,223$14,679$10,466$7,349$5,097$1,117
30 years$19,338$13,863$9,748$6,745$4,605$946
31 years$18,511$13,105$9,088$6,194$4,164$801
32 years$17,738$12,400$8,479$5,693$3,766$679
33 years$17,013$11,743$7,917$5,235$3,408$576
34 years$16,332$11,130$7,397$4,817$3,086$488
35 years$15,692$10,557$6,916$4,434$2,795$414
36 years$15,088$10,020$6,470$4,084$2,533$351
37 years$14,519$9,516$6,056$3,762$2,295$297
38 years$13,980$9,044$5,671$3,468$2,081$252
39 years$13,471$8,600$5,313$3,198$1,887$214
40 years$12,988$8,182$4,980$2,949$1,712$181
41 years$12,530$7,789$4,670$2,721$1,553$154
42 years$12,095$7,418$4,380$2,511$1,409$130
43 years$11,681$7,068$4,110$2,318$1,279$111
44 years$11,287$6,737$3,858$2,140$1,161$94
45 years$10,912$6,424$3,623$1,977$1,054$79
46 years$10,554$6,128$3,403$1,826$957$67
47 years$10,213$5,848$3,197$1,687$869$57
48 years$9,886$5,583$3,004$1,559$789$48
49 years$9,574$5,332$2,823$1,441$717$41
50 years$9,275$5,093$2,654$1,332$651$35

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 $3,056 every year, while hoping to spend $50,758 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: 55/30/15 Blend
62$9,500,000$9,500,000$9,500,000$9,500,000
63$10,472,152$9,968,652$9,821,402$11,006,630
64$11,486,306$10,403,110$10,096,413$11,805,000
65$12,602,202$10,857,155$10,378,936$12,668,160
66$13,830,164$11,331,694$10,669,168$13,606,891
67$15,181,569$11,827,675$10,967,313$14,628,420
68$16,668,949$12,346,091$11,273,579$15,740,688
69$18,306,117$12,887,985$11,588,178$16,952,426
70$20,108,289$13,454,444$11,911,331$18,273,234
71$22,092,234$14,046,611$12,243,260$19,713,671
72$24,276,428$14,665,681$12,584,194$21,285,345
73$26,681,228$15,312,904$12,934,370$23,001,028
74$29,329,070$15,989,593$13,294,028$24,874,765
75$32,244,672$16,697,120$13,663,414$26,922,010
76$35,455,272$17,436,922$14,042,782$29,159,764
77$38,990,885$18,210,507$14,432,391$31,606,732
78$42,884,585$19,019,451$14,832,506$34,283,499
79$47,172,816$19,865,408$15,243,398$37,212,716
80$51,895,738$20,750,107$15,665,346$40,419,312
81$57,097,603$21,675,363$16,098,636$43,930,723
82$62,827,177$22,643,074$16,543,558$47,777,149
83$69,138,194$23,655,229$17,000,412$51,991,831
84$76,089,868$24,713,914$17,469,504$56,611,362
85$83,747,450$25,821,311$17,951,148$61,676,027
86$92,182,842$26,979,707$18,445,663$67,230,175
87$101,475,278$28,191,499$18,953,379$73,322,635
88$111,712,071$29,459,197$19,474,632$80,007,170
89$122,989,436$30,785,431$20,009,766$87,342,978
90$135,413,398$32,172,957$20,559,133$95,395,241
91$149,100,794$33,624,661$21,123,093$104,235,740
92$164,180,374$35,143,569$21,702,016$113,943,519
93$180,794,017$36,732,849$22,296,278$124,605,628
94$199,098,070$38,395,822$22,906,267$136,317,933
95$219,264,823$40,135,967$23,532,377$149,186,015
96$241,484,135$41,956,929$24,175,012$163,326,159
97$265,965,228$43,862,530$24,834,586$178,866,440
98$292,938,658$45,856,771$25,511,521$195,947,924
99$322,658,494$47,943,846$26,206,250$214,725,991
100$355,404,717$50,128,151$26,919,216$235,371,787