Can I retire at age 63 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$792,759$785,698$778,808$772,084$765,517$757,523
2 years$392,455$385,146$378,062$371,194$364,532$356,481
3 years$259,038$251,697$244,631$237,828$231,274$223,417
4 years$192,342$185,024$178,029$171,341$164,947$157,344
5 years$152,335$145,061$138,158$131,607$125,390$118,063
6 years$125,673$118,453$111,652$105,247$99,217$92,175
7 years$106,636$99,477$92,783$86,529$80,690$73,937
8 years$92,364$85,270$78,688$72,587$66,940$60,475
9 years$81,270$74,243$67,774$61,828$56,373$50,193
10 years$72,400$65,441$59,087$53,297$48,033$42,135
11 years$65,147$58,259$52,019$46,384$41,310$35,689
12 years$59,108$52,290$46,165$40,685$35,798$30,448
13 years$54,001$47,255$41,246$35,919$31,217$26,131
14 years$49,628$42,953$37,060$31,885$27,364$22,537
15 years$45,842$39,239$33,460$28,435$24,094$19,517
16 years$42,532$36,001$30,336$25,461$21,294$16,960
17 years$39,614$33,155$27,605$22,876$18,881$14,781
18 years$37,024$30,637$25,200$20,616$16,788$12,915
19 years$34,708$28,394$23,069$18,629$14,963$11,308
20 years$32,627$26,385$21,172$16,872$13,366$9,920
21 years$30,747$24,577$19,474$15,312$11,961$8,717
22 years$29,040$22,941$17,948$13,922$10,721$7,670
23 years$27,483$21,457$16,572$12,679$9,624$6,757
24 years$26,059$20,104$15,326$11,564$8,650$5,959
25 years$24,750$18,866$14,195$10,561$7,784$5,260
26 years$23,544$17,731$13,165$9,657$7,011$4,647
27 years$22,430$16,687$12,225$8,839$6,321$4,108
28 years$21,396$15,724$11,365$8,098$5,704$3,634
29 years$20,436$14,834$10,576$7,426$5,150$3,217
30 years$19,541$14,009$9,851$6,816$4,654$2,848
31 years$18,706$13,243$9,184$6,260$4,207$2,523
32 years$17,925$12,531$8,569$5,753$3,806$2,236
33 years$17,192$11,867$8,001$5,290$3,444$1,983
34 years$16,504$11,247$7,475$4,867$3,118$1,758
35 years$15,857$10,668$6,989$4,481$2,825$1,560
36 years$15,247$10,125$6,538$4,127$2,559$1,384
37 years$14,671$9,617$6,119$3,802$2,319$1,228
38 years$14,127$9,139$5,731$3,504$2,103$1,090
39 years$13,613$8,690$5,369$3,231$1,907$968
40 years$13,125$8,268$5,032$2,980$1,730$859
41 years$12,662$7,871$4,719$2,750$1,569$763
42 years$12,222$7,496$4,426$2,538$1,424$678
43 years$11,804$7,142$4,153$2,343$1,292$602
44 years$11,406$6,808$3,899$2,163$1,173$535
45 years$11,027$6,492$3,661$1,998$1,065$475
46 years$10,665$6,193$3,438$1,845$967$422
47 years$10,320$5,910$3,230$1,705$878$375
48 years$9,990$5,642$3,036$1,575$797$333
49 years$9,675$5,388$2,853$1,456$724$296
50 years$9,373$5,146$2,682$1,346$658$263

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,600,000, adding $5,174 every year, while hoping to spend $31,042 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: 46/44/10 Blend
62$9,600,000$9,600,000$9,600,000$9,600,000
63$10,584,537$10,075,737$9,926,937$11,041,636
64$11,631,131$10,536,420$10,226,461$11,818,520
65$12,783,438$11,018,635$10,534,979$12,657,179
66$14,052,207$11,523,406$10,852,758$13,566,245
67$15,449,283$12,051,804$11,180,077$14,552,246
68$16,987,719$12,604,952$11,517,218$15,622,346
69$18,681,897$13,184,026$11,864,477$16,784,410
70$20,547,667$13,790,260$12,222,153$18,047,073
71$22,602,493$14,424,946$12,590,558$19,419,815
72$24,865,617$15,089,439$12,970,013$20,913,051
73$27,358,248$15,785,158$13,360,845$22,538,220
74$30,103,751$16,513,593$13,763,396$24,307,889
75$33,127,876$17,276,302$14,178,012$26,235,868
76$36,459,000$18,074,921$14,605,056$28,337,331
77$40,128,388$18,911,162$15,044,895$30,628,959
78$44,170,497$19,786,822$15,497,913$33,129,086
79$48,623,294$20,703,784$15,964,500$35,857,868
80$53,528,621$21,664,020$16,445,061$38,837,467
81$58,932,582$22,669,598$16,940,012$42,092,254
82$64,885,984$23,722,688$17,449,782$45,649,028
83$71,444,815$24,825,560$17,974,810$49,537,265
84$78,670,772$25,980,598$18,515,551$53,789,386
85$86,631,841$27,190,298$19,072,473$58,441,057
86$95,402,944$28,457,277$19,646,056$63,531,515
87$105,066,641$29,784,281$20,236,796$69,103,929
88$115,713,912$31,174,184$20,845,202$75,205,798
89$127,445,015$32,630,003$21,471,800$81,889,393
90$140,370,431$34,154,897$22,117,129$89,212,232
91$154,611,909$35,752,181$22,781,747$97,237,620
92$170,303,614$37,425,329$23,466,227$106,035,231
93$187,593,394$39,177,981$24,171,156$115,681,753
94$206,644,174$41,013,956$24,897,144$126,261,601
95$227,635,495$42,937,256$25,644,814$137,867,702
96$250,765,210$44,952,076$26,414,810$150,602,352
97$276,251,350$47,062,816$27,207,794$164,578,175
98$304,334,180$49,274,086$28,024,448$179,919,167
99$335,278,473$51,590,723$28,865,473$196,761,849
100$369,376,003$54,017,794$29,731,592$215,256,542