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%15.6%
1 years$792,759$785,698$778,808$772,084$765,517$747,923
2 years$392,455$385,146$378,062$371,194$364,532$346,903
3 years$259,038$251,697$244,631$237,828$231,274$214,161
4 years$192,342$185,024$178,029$171,341$164,947$148,482
5 years$152,335$145,061$138,158$131,607$125,390$109,619
6 years$125,673$118,453$111,652$105,247$99,217$84,156
7 years$106,636$99,477$92,783$86,529$80,690$66,342
8 years$92,364$85,270$78,688$72,587$66,940$53,300
9 years$81,270$74,243$67,774$61,828$56,373$43,430
10 years$72,400$65,441$59,087$53,297$48,033$35,772
11 years$65,147$58,259$52,019$46,384$41,310$29,715
12 years$59,108$52,290$46,165$40,685$35,798$24,851
13 years$54,001$47,255$41,246$35,919$31,217$20,897
14 years$49,628$42,953$37,060$31,885$27,364$17,650
15 years$45,842$39,239$33,460$28,435$24,094$14,963
16 years$42,532$36,001$30,336$25,461$21,294$12,724
17 years$39,614$33,155$27,605$22,876$18,881$10,847
18 years$37,024$30,637$25,200$20,616$16,788$9,267
19 years$34,708$28,394$23,069$18,629$14,963$7,931
20 years$32,627$26,385$21,172$16,872$13,366$6,799
21 years$30,747$24,577$19,474$15,312$11,961$5,835
22 years$29,040$22,941$17,948$13,922$10,721$5,014
23 years$27,483$21,457$16,572$12,679$9,624$4,312
24 years$26,059$20,104$15,326$11,564$8,650$3,712
25 years$24,750$18,866$14,195$10,561$7,784$3,197
26 years$23,544$17,731$13,165$9,657$7,011$2,756
27 years$22,430$16,687$12,225$8,839$6,321$2,376
28 years$21,396$15,724$11,365$8,098$5,704$2,050
29 years$20,436$14,834$10,576$7,426$5,150$1,769
30 years$19,541$14,009$9,851$6,816$4,654$1,527
31 years$18,706$13,243$9,184$6,260$4,207$1,319
32 years$17,925$12,531$8,569$5,753$3,806$1,139
33 years$17,192$11,867$8,001$5,290$3,444$984
34 years$16,504$11,247$7,475$4,867$3,118$850
35 years$15,857$10,668$6,989$4,481$2,825$735
36 years$15,247$10,125$6,538$4,127$2,559$635
37 years$14,671$9,617$6,119$3,802$2,319$549
38 years$14,127$9,139$5,731$3,504$2,103$475
39 years$13,613$8,690$5,369$3,231$1,907$410
40 years$13,125$8,268$5,032$2,980$1,730$355
41 years$12,662$7,871$4,719$2,750$1,569$307
42 years$12,222$7,496$4,426$2,538$1,424$265
43 years$11,804$7,142$4,153$2,343$1,292$229
44 years$11,406$6,808$3,899$2,163$1,173$198
45 years$11,027$6,492$3,661$1,998$1,065$172
46 years$10,665$6,193$3,438$1,845$967$148
47 years$10,320$5,910$3,230$1,705$878$128
48 years$9,990$5,642$3,036$1,575$797$111
49 years$9,675$5,388$2,853$1,456$724$96
50 years$9,373$5,146$2,682$1,346$658$83

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 $2,201 every year, while hoping to spend $23,720 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: 43/37/20 Blend
62$9,600,000$9,600,000$9,600,000$9,600,000
63$10,581,470$10,072,670$9,923,870$10,974,749
64$11,635,542$10,540,993$10,231,082$11,721,392
65$12,796,335$11,031,469$10,547,790$12,527,332
66$14,074,708$11,545,158$10,874,289$13,400,023
67$15,482,630$12,083,172$11,210,878$14,345,632
68$17,033,286$12,646,676$11,557,871$15,370,922
69$18,741,210$13,236,892$11,915,589$16,483,321
70$20,622,414$13,855,100$12,284,361$17,690,983
71$22,694,543$14,502,643$12,664,530$19,002,859
72$24,977,042$15,180,927$13,056,447$20,428,784
73$27,491,336$15,891,429$13,460,474$21,979,557
74$30,261,037$16,635,694$13,876,985$23,667,044
75$33,312,164$17,415,344$14,306,365$25,504,284
76$36,673,388$18,232,079$14,749,012$27,505,604
77$40,376,303$19,087,680$15,205,333$29,686,753
78$44,455,726$19,984,016$15,675,751$32,065,040
79$48,950,022$20,923,046$16,160,701$34,659,497
80$53,901,471$21,906,821$16,660,631$37,491,045
81$59,356,662$22,937,496$17,176,003$40,582,695
82$65,366,935$24,017,327$17,707,293$43,959,748
83$71,988,867$25,148,681$18,254,992$47,650,034
84$79,284,803$26,334,038$18,819,606$51,684,163
85$87,323,446$27,575,999$19,401,656$56,095,808
86$96,180,505$28,877,291$20,001,679$60,922,014
87$105,939,412$30,240,774$20,620,231$66,203,541
88$116,692,105$31,669,445$21,257,882$71,985,236
89$128,539,900$33,166,447$21,915,221$78,316,450
90$141,594,443$34,735,076$22,592,854$85,251,494
91$155,978,769$36,378,788$23,291,407$92,850,137
92$171,828,459$38,101,204$24,011,525$101,178,168
93$189,292,924$39,906,125$24,753,873$110,307,996
94$208,536,809$41,797,532$25,519,135$120,319,330
95$229,741,555$43,779,603$26,308,018$131,299,912
96$253,107,106$45,856,716$27,121,249$143,346,340
97$278,853,799$48,033,463$27,959,578$156,564,958
98$307,224,441$50,314,658$28,823,779$171,072,853
99$338,486,608$52,705,349$29,714,649$186,998,942
100$372,935,161$55,210,830$30,633,009$204,485,173