Can I retire at age 63 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$801,017$793,882$786,921$780,126$773,492$748,432
2 years$396,543$389,158$382,000$375,061$368,329$343,317
3 years$261,736$254,319$247,180$240,305$233,683$209,504
4 years$194,346$186,951$179,883$173,126$166,665$143,503
5 years$153,922$146,572$139,597$132,978$126,696$104,614
6 years$126,982$119,687$112,815$106,343$100,250$79,267
7 years$107,746$100,513$93,750$87,431$81,530$61,642
8 years$93,326$86,158$79,507$73,343$67,637$48,831
9 years$82,117$75,016$68,480$62,472$56,960$39,214
10 years$73,154$66,123$59,702$53,852$48,533$31,819
11 years$65,826$58,866$52,561$46,867$41,740$26,028
12 years$59,723$52,835$46,646$41,109$36,171$21,426
13 years$54,564$47,747$41,675$36,293$31,542$17,728
14 years$50,145$43,401$37,446$32,217$27,649$14,728
15 years$46,319$39,647$33,808$28,732$24,345$12,276
16 years$42,975$36,376$30,652$25,726$21,516$10,261
17 years$40,027$33,501$27,892$23,115$19,078$8,596
18 years$37,409$30,956$25,462$20,831$16,963$7,214
19 years$35,070$28,690$23,309$18,823$15,119$6,064
20 years$32,967$26,660$21,392$17,047$13,505$5,104
21 years$31,067$24,833$19,677$15,472$12,085$4,301
22 years$29,342$23,180$18,135$14,067$10,833$3,627
23 years$27,770$21,680$16,744$12,811$9,724$3,061
24 years$26,330$20,313$15,486$11,685$8,740$2,585
25 years$25,008$19,063$14,343$10,671$7,865$2,185
26 years$23,790$17,916$13,302$9,757$7,084$1,847
27 years$22,663$16,861$12,352$8,931$6,387$1,562
28 years$21,619$15,888$11,483$8,183$5,763$1,321
29 years$20,649$14,988$10,686$7,504$5,204$1,118
30 years$19,745$14,155$9,954$6,887$4,702$946
31 years$18,901$13,381$9,280$6,325$4,251$801
32 years$18,111$12,661$8,658$5,813$3,846$678
33 years$17,371$11,990$8,084$5,345$3,480$574
34 years$16,676$11,364$7,553$4,918$3,151$486
35 years$16,022$10,779$7,062$4,527$2,854$412
36 years$15,406$10,231$6,606$4,170$2,586$349
37 years$14,824$9,717$6,183$3,842$2,344$296
38 years$14,275$9,234$5,790$3,541$2,125$250
39 years$13,754$8,781$5,425$3,265$1,927$212
40 years$13,261$8,354$5,085$3,011$1,748$180
41 years$12,794$7,953$4,768$2,778$1,586$152
42 years$12,350$7,574$4,472$2,564$1,439$129
43 years$11,927$7,216$4,197$2,367$1,306$109
44 years$11,525$6,879$3,939$2,186$1,185$93
45 years$11,142$6,559$3,699$2,018$1,076$79
46 years$10,776$6,257$3,474$1,864$977$67
47 years$10,428$5,971$3,264$1,723$887$56
48 years$10,094$5,701$3,067$1,592$806$48
49 years$9,776$5,444$2,883$1,471$732$40
50 years$9,471$5,200$2,710$1,360$665$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,700,000, adding $6,655 every year, while hoping to spend $55,201 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: 66/16/18 Blend
62$9,700,000$9,700,000$9,700,000$9,700,000
63$10,696,265$10,182,165$10,031,815$11,354,243
64$11,728,550$10,622,357$10,309,147$12,235,845
65$12,864,279$11,082,269$10,593,920$13,192,201
66$14,113,943$11,562,809$10,886,324$14,236,312
67$15,489,105$12,064,926$11,186,556$15,376,782
68$17,002,503$12,589,616$11,494,814$16,623,080
69$18,668,173$13,137,922$11,811,305$17,985,630
70$20,501,581$13,710,934$12,136,238$19,475,901
71$22,519,767$14,309,796$12,469,828$21,106,520
72$24,741,511$14,935,703$12,812,294$22,891,386
73$27,187,501$15,589,908$13,163,862$24,845,800
74$29,880,536$16,273,724$13,524,761$26,986,607
75$32,845,738$16,988,523$13,895,228$29,332,352
76$36,110,788$17,735,746$14,275,503$31,903,456
77$39,706,189$18,516,898$14,665,833$34,722,403
78$43,665,552$19,333,558$15,066,471$37,813,951
79$48,025,915$20,187,378$15,477,673$41,205,363
80$52,828,088$21,080,090$15,899,705$44,926,661
81$58,117,044$22,013,505$16,332,836$49,010,911
82$63,942,338$22,989,523$16,777,343$53,494,526
83$70,358,580$24,010,133$17,233,507$58,417,609
84$77,425,943$25,077,418$17,701,617$63,824,330
85$85,210,738$26,193,559$18,181,969$69,763,339
86$93,786,032$27,360,843$18,674,865$76,288,220
87$103,232,347$28,581,663$19,180,612$83,457,997
88$113,638,409$29,858,528$19,699,526$91,337,684
89$125,101,996$31,194,065$20,231,929$99,998,895
90$137,730,851$32,591,026$20,778,150$109,520,520
91$151,643,706$34,052,294$21,338,526$119,989,460
92$166,971,397$35,580,890$21,913,400$131,501,447
93$183,858,104$37,179,978$22,503,123$144,161,942
94$202,462,708$38,852,874$23,108,055$158,087,126
95$222,960,290$40,603,050$23,728,560$173,404,990
96$245,543,786$42,434,147$24,365,014$190,256,542
97$270,425,808$44,349,975$25,017,798$208,797,130
98$297,840,648$46,354,531$25,687,301$229,197,901
99$328,046,490$48,452,000$26,373,922$251,647,417
100$361,327,850$50,646,766$27,078,067$276,353,422