Can I retire at age 63 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$809,275$802,066$795,033$788,169$781,466$776,866
2 years$400,631$393,170$385,938$378,927$372,127$367,486
3 years$264,434$256,941$249,728$242,782$236,092$231,555
4 years$196,349$188,879$181,738$174,911$168,383$163,984
5 years$155,509$148,083$141,036$134,348$128,002$123,753
6 years$128,291$120,921$113,978$107,440$101,284$97,191
7 years$108,857$101,549$94,716$88,332$82,371$78,437
8 years$94,288$87,047$80,327$74,099$68,335$64,559
9 years$82,963$75,790$69,186$63,116$57,548$53,929
10 years$73,908$66,805$60,318$54,407$49,033$45,571
11 years$66,505$59,472$53,103$47,350$42,170$38,861
12 years$60,339$53,379$47,127$41,533$36,544$33,385
13 years$55,126$48,239$42,105$36,667$31,867$28,855
14 years$50,662$43,848$37,832$32,549$27,934$25,067
15 years$46,797$40,056$34,157$29,028$24,596$21,868
16 years$43,418$36,751$30,968$25,991$21,738$19,147
17 years$40,439$33,846$28,180$23,353$19,274$16,815
18 years$37,795$31,275$25,725$21,046$17,138$14,807
19 years$35,431$28,986$23,550$19,017$15,275$13,068
20 years$33,307$26,935$21,613$17,223$13,644$11,556
21 years$31,388$25,089$19,879$15,631$12,210$10,237
22 years$29,645$23,419$18,322$14,212$10,944$9,082
23 years$28,056$21,904$16,917$12,943$9,824$8,068
24 years$26,602$20,522$15,645$11,805$8,830$7,175
25 years$25,266$19,259$14,491$10,781$7,946$6,388
26 years$24,035$18,101$13,440$9,858$7,157$5,692
27 years$22,897$17,035$12,480$9,023$6,453$5,076
28 years$21,842$16,052$11,602$8,267$5,823$4,530
29 years$20,862$15,143$10,796$7,581$5,258$4,046
30 years$19,949$14,301$10,056$6,958$4,751$3,615
31 years$19,096$13,519$9,375$6,390$4,295$3,231
32 years$18,298$12,792$8,747$5,872$3,885$2,890
33 years$17,550$12,114$8,167$5,400$3,516$2,585
34 years$16,848$11,481$7,631$4,969$3,183$2,314
35 years$16,187$10,890$7,135$4,574$2,883$2,072
36 years$15,565$10,336$6,674$4,213$2,612$1,855
37 years$14,977$9,817$6,247$3,881$2,368$1,662
38 years$14,422$9,330$5,850$3,577$2,147$1,489
39 years$13,896$8,872$5,481$3,299$1,947$1,334
40 years$13,398$8,441$5,137$3,042$1,766$1,196
41 years$12,926$8,035$4,817$2,807$1,602$1,072
42 years$12,477$7,652$4,519$2,591$1,454$961
43 years$12,050$7,291$4,240$2,391$1,319$862
44 years$11,644$6,950$3,980$2,208$1,197$773
45 years$11,257$6,627$3,737$2,039$1,087$693
46 years$10,888$6,322$3,510$1,884$987$622
47 years$10,535$6,033$3,298$1,740$896$558
48 years$10,198$5,759$3,099$1,608$814$500
49 years$9,876$5,500$2,913$1,486$739$449
50 years$9,568$5,254$2,738$1,374$671$403

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,800,000, adding $5,195 every year, while hoping to spend $53,966 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: 81/8/11 Blend
62$9,800,000$9,800,000$9,800,000$9,800,000
63$10,804,959$10,285,559$10,133,659$11,659,448
64$11,849,645$10,732,132$10,415,717$12,667,162
65$12,999,081$11,198,778$10,705,415$13,765,430
66$14,263,893$11,686,424$11,002,953$14,969,344
67$15,655,792$12,196,041$11,308,533$16,289,461
68$17,187,679$12,728,643$11,622,366$17,737,408
69$18,873,772$13,285,296$11,944,664$19,325,987
70$20,729,733$13,867,113$12,275,648$21,069,300
71$22,772,825$14,475,259$12,615,540$22,982,877
72$25,022,064$15,110,958$12,964,572$25,083,823
73$27,498,407$15,775,488$13,322,978$27,390,979
74$30,224,947$16,470,189$13,691,000$29,925,096
75$33,227,127$17,196,464$14,068,884$32,709,033
76$36,532,985$17,955,782$14,456,883$35,767,970
77$40,173,417$18,749,682$14,855,255$39,129,642
78$44,182,466$19,579,777$15,264,267$42,824,603
79$48,597,646$20,447,755$15,684,188$46,886,512
80$53,460,294$21,355,383$16,115,296$51,352,448
81$58,815,961$22,304,514$16,557,876$56,263,257
82$64,714,842$23,297,088$17,012,218$61,663,941
83$71,212,248$24,335,137$17,478,619$67,604,077
84$78,369,128$25,420,790$17,957,384$74,138,282
85$86,252,648$26,556,277$18,448,825$81,326,732
86$94,936,817$27,743,934$18,953,260$89,235,723
87$104,503,193$28,986,207$19,471,015$97,938,297
88$115,041,648$30,285,661$20,002,423$107,514,929
89$126,651,218$31,644,980$20,547,826$118,054,286
90$139,441,037$33,066,979$21,107,573$129,654,057
91$153,531,367$34,554,605$21,682,021$142,421,880
92$169,054,731$36,110,946$22,271,533$156,476,350
93$186,157,168$37,739,237$22,876,484$171,948,136
94$204,999,608$39,442,868$23,497,255$188,981,217
95$225,759,390$41,225,391$24,134,236$207,734,232
96$248,631,940$43,090,527$24,787,825$228,381,980
97$273,832,610$45,042,175$25,458,429$251,117,062
98$301,598,716$47,084,420$26,146,465$276,151,702
99$332,191,772$49,221,544$26,852,359$303,719,741
100$365,899,964$51,458,032$27,576,545$334,078,846