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%11.6%
1 years$801,017$793,882$786,921$780,126$773,492$768,295
2 years$396,543$389,158$382,000$375,061$368,329$363,088
3 years$261,736$254,319$247,180$240,305$233,683$228,560
4 years$194,346$186,951$179,883$173,126$166,665$161,699
5 years$153,922$146,572$139,597$132,978$126,696$121,902
6 years$126,982$119,687$112,815$106,343$100,250$95,635
7 years$107,746$100,513$93,750$87,431$81,530$77,095
8 years$93,326$86,158$79,507$73,343$67,637$63,383
9 years$82,117$75,016$68,480$62,472$56,960$52,885
10 years$73,154$66,123$59,702$53,852$48,533$44,635
11 years$65,826$58,866$52,561$46,867$41,740$38,016
12 years$59,723$52,835$46,646$41,109$36,171$32,619
13 years$54,564$47,747$41,675$36,293$31,542$28,157
14 years$50,145$43,401$37,446$32,217$27,649$24,428
15 years$46,319$39,647$33,808$28,732$24,345$21,283
16 years$42,975$36,376$30,652$25,726$21,516$18,609
17 years$40,027$33,501$27,892$23,115$19,078$16,320
18 years$37,409$30,956$25,462$20,831$16,963$14,351
19 years$35,070$28,690$23,309$18,823$15,119$12,647
20 years$32,967$26,660$21,392$17,047$13,505$11,168
21 years$31,067$24,833$19,677$15,472$12,085$9,878
22 years$29,342$23,180$18,135$14,067$10,833$8,751
23 years$27,770$21,680$16,744$12,811$9,724$7,762
24 years$26,330$20,313$15,486$11,685$8,740$6,893
25 years$25,008$19,063$14,343$10,671$7,865$6,127
26 years$23,790$17,916$13,302$9,757$7,084$5,451
27 years$22,663$16,861$12,352$8,931$6,387$4,854
28 years$21,619$15,888$11,483$8,183$5,763$4,325
29 years$20,649$14,988$10,686$7,504$5,204$3,856
30 years$19,745$14,155$9,954$6,887$4,702$3,440
31 years$18,901$13,381$9,280$6,325$4,251$3,070
32 years$18,111$12,661$8,658$5,813$3,846$2,741
33 years$17,371$11,990$8,084$5,345$3,480$2,448
34 years$16,676$11,364$7,553$4,918$3,151$2,187
35 years$16,022$10,779$7,062$4,527$2,854$1,955
36 years$15,406$10,231$6,606$4,170$2,586$1,748
37 years$14,824$9,717$6,183$3,842$2,344$1,563
38 years$14,275$9,234$5,790$3,541$2,125$1,398
39 years$13,754$8,781$5,425$3,265$1,927$1,251
40 years$13,261$8,354$5,085$3,011$1,748$1,119
41 years$12,794$7,953$4,768$2,778$1,586$1,001
42 years$12,350$7,574$4,472$2,564$1,439$896
43 years$11,927$7,216$4,197$2,367$1,306$802
44 years$11,525$6,879$3,939$2,186$1,185$718
45 years$11,142$6,559$3,699$2,018$1,076$643
46 years$10,776$6,257$3,474$1,864$977$576
47 years$10,428$5,971$3,264$1,723$887$516
48 years$10,094$5,701$3,067$1,592$806$462
49 years$9,776$5,444$2,883$1,471$732$413
50 years$9,471$5,200$2,710$1,360$665$370

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 $6,478 every year, while hoping to spend $25,003 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: 66/5/29 Blend
62$9,700,000$9,700,000$9,700,000$9,700,000
63$10,696,082$10,181,982$10,031,632$11,319,619
64$11,760,479$10,654,296$10,341,089$12,213,944
65$12,932,607$11,148,916$10,660,074$13,188,070
66$14,223,428$11,666,907$10,988,881$14,252,695
67$15,645,021$12,209,389$11,327,812$15,416,755
68$17,210,696$12,777,532$11,677,177$16,690,084
69$18,935,122$13,372,566$12,037,297$18,083,511
70$20,834,460$13,995,777$12,408,502$19,608,959
71$22,926,522$14,648,517$12,791,134$21,279,554
72$25,230,932$15,332,200$13,185,542$23,109,750
73$27,769,319$16,048,309$13,592,090$25,115,463
74$30,565,513$16,798,400$14,011,148$27,314,220
75$33,645,776$17,584,103$14,443,103$29,725,321
76$37,039,048$18,407,126$14,888,349$32,370,024
77$40,777,217$19,269,262$15,347,295$35,271,738
78$44,895,426$20,172,388$15,820,362$38,456,247
79$49,432,398$21,118,474$16,307,983$41,951,950
80$54,430,807$22,109,583$16,810,604$45,790,126
81$59,937,677$23,147,881$17,328,688$50,005,228
82$66,004,828$24,235,635$17,862,707$54,635,207
83$72,689,365$25,375,225$18,413,151$59,721,869
84$80,054,213$26,569,144$18,980,525$65,311,261
85$88,168,717$27,820,007$19,565,347$71,454,115
86$97,109,294$29,130,555$20,168,154$78,206,311
87$106,960,152$30,503,661$20,789,497$85,629,414
88$117,814,086$31,942,340$21,429,944$93,791,244
89$129,773,359$33,449,750$22,090,083$102,766,519
90$142,950,657$35,029,204$22,770,516$112,637,555
91$157,470,163$36,684,174$23,471,868$123,495,040
92$173,468,723$38,418,302$24,194,778$135,438,888
93$191,097,138$40,235,404$24,939,909$148,579,180
94$210,521,593$42,139,485$25,707,942$163,037,198
95$231,925,216$44,134,741$26,499,579$178,946,567
96$255,509,818$46,225,573$27,315,545$196,454,515
97$281,497,788$48,416,595$28,156,584$215,723,257
98$310,134,199$50,712,645$29,023,467$236,931,522
99$341,689,119$53,118,795$29,916,984$260,276,240
100$376,460,159$55,640,367$30,837,953$285,974,395