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%18.6%
1 years$792,759$785,698$778,808$772,084$765,517$738,944
2 years$392,455$385,146$378,062$371,194$364,532$338,035
3 years$259,038$251,697$244,631$237,828$231,274$205,685
4 years$192,342$185,024$178,029$171,341$164,947$140,462
5 years$152,335$145,061$138,158$131,607$125,390$102,074
6 years$125,673$118,453$111,652$105,247$99,217$77,087
7 years$106,636$99,477$92,783$86,529$80,690$59,743
8 years$92,364$85,270$78,688$72,587$66,940$47,158
9 years$81,270$74,243$67,774$61,828$56,373$37,732
10 years$72,400$65,441$59,087$53,297$48,033$30,501
11 years$65,147$58,259$52,019$46,384$41,310$24,853
12 years$59,108$52,290$46,165$40,685$35,798$20,377
13 years$54,001$47,255$41,246$35,919$31,217$16,791
14 years$49,628$42,953$37,060$31,885$27,364$13,892
15 years$45,842$39,239$33,460$28,435$24,094$11,530
16 years$42,532$36,001$30,336$25,461$21,294$9,596
17 years$39,614$33,155$27,605$22,876$18,881$8,003
18 years$37,024$30,637$25,200$20,616$16,788$6,687
19 years$34,708$28,394$23,069$18,629$14,963$5,596
20 years$32,627$26,385$21,172$16,872$13,366$4,688
21 years$30,747$24,577$19,474$15,312$11,961$3,932
22 years$29,040$22,941$17,948$13,922$10,721$3,300
23 years$27,483$21,457$16,572$12,679$9,624$2,772
24 years$26,059$20,104$15,326$11,564$8,650$2,330
25 years$24,750$18,866$14,195$10,561$7,784$1,960
26 years$23,544$17,731$13,165$9,657$7,011$1,649
27 years$22,430$16,687$12,225$8,839$6,321$1,387
28 years$21,396$15,724$11,365$8,098$5,704$1,168
29 years$20,436$14,834$10,576$7,426$5,150$983
30 years$19,541$14,009$9,851$6,816$4,654$828
31 years$18,706$13,243$9,184$6,260$4,207$698
32 years$17,925$12,531$8,569$5,753$3,806$588
33 years$17,192$11,867$8,001$5,290$3,444$495
34 years$16,504$11,247$7,475$4,867$3,118$417
35 years$15,857$10,668$6,989$4,481$2,825$352
36 years$15,247$10,125$6,538$4,127$2,559$296
37 years$14,671$9,617$6,119$3,802$2,319$250
38 years$14,127$9,139$5,731$3,504$2,103$211
39 years$13,613$8,690$5,369$3,231$1,907$178
40 years$13,125$8,268$5,032$2,980$1,730$150
41 years$12,662$7,871$4,719$2,750$1,569$126
42 years$12,222$7,496$4,426$2,538$1,424$106
43 years$11,804$7,142$4,153$2,343$1,292$90
44 years$11,406$6,808$3,899$2,163$1,173$76
45 years$11,027$6,492$3,661$1,998$1,065$64
46 years$10,665$6,193$3,438$1,845$967$54
47 years$10,320$5,910$3,230$1,705$878$45
48 years$9,990$5,642$3,036$1,575$797$38
49 years$9,675$5,388$2,853$1,456$724$32
50 years$9,373$5,146$2,682$1,346$658$27

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 $2,578 every year, while hoping to spend $53,527 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: 76/13/11 Blend
62$9,600,000$9,600,000$9,600,000$9,600,000
63$10,581,859$10,073,059$9,924,259$11,364,188
64$11,604,257$10,509,687$10,199,770$12,316,551
65$12,729,144$10,965,915$10,482,716$13,353,207
66$13,966,920$11,442,648$10,773,290$14,488,077
67$15,329,041$11,940,832$11,071,689$15,730,908
68$16,828,128$12,461,459$11,378,116$17,092,430
69$18,478,092$13,005,565$11,692,778$18,584,458
70$20,294,257$13,574,237$12,015,885$20,219,998
71$22,293,509$14,168,613$12,347,656$22,013,374
72$24,494,457$14,789,885$12,688,312$23,980,357
73$26,917,602$15,439,300$13,038,081$26,138,315
74$29,585,537$16,118,164$13,397,196$28,506,374
75$32,523,154$16,827,847$13,765,895$31,105,596
76$35,757,885$17,569,780$14,144,421$33,959,179
77$39,319,955$18,345,466$14,533,026$37,092,671
78$43,242,672$19,156,475$14,931,963$40,534,211
79$47,562,737$20,004,454$15,341,496$44,314,791
80$52,320,591$20,891,128$15,761,892$48,468,547
81$57,560,800$21,818,302$16,193,424$53,033,083
82$63,332,471$22,787,868$16,636,372$58,049,815
83$69,689,717$23,801,807$17,091,025$63,564,368
84$76,692,168$24,862,196$17,557,674$69,627,001
85$84,405,533$25,971,208$18,036,620$76,293,075
86$92,902,221$27,131,120$18,528,170$83,623,582
87$102,262,021$28,344,319$19,032,638$91,685,707
88$112,572,860$29,613,303$19,550,344$100,553,468
89$123,931,628$30,940,691$20,081,617$110,308,408
90$136,445,095$32,329,226$20,626,792$121,040,361
91$150,230,918$33,781,781$21,186,212$132,848,297
92$165,418,749$35,301,367$21,760,229$145,841,256
93$182,151,465$36,891,136$22,349,199$160,139,368
94$200,586,507$38,554,395$22,953,490$175,874,988
95$220,897,375$40,294,605$23,573,476$193,193,940
96$243,275,259$42,115,392$24,209,540$212,256,888
97$267,930,848$44,020,559$24,862,072$233,240,852
98$295,096,314$46,014,086$25,531,471$256,340,868
99$325,027,508$48,100,146$26,218,145$281,771,833
100$358,006,372$50,283,111$26,922,511$309,770,524