Can I retire at age 63 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$817,533$810,251$803,146$796,211$789,440$762,948
2 years$404,719$397,182$389,877$382,794$375,924$349,495
3 years$267,133$259,563$252,276$245,260$238,501$212,966
4 years$198,353$190,806$183,592$176,696$170,101$145,654
5 years$157,096$149,594$142,475$135,719$129,308$106,014
6 years$129,600$122,155$115,141$108,536$102,317$80,195
7 years$109,968$102,586$95,683$89,233$83,211$62,258
8 years$95,251$87,935$81,147$74,856$69,032$49,231
9 years$83,810$76,563$69,892$63,760$58,135$39,463
10 years$74,662$67,487$60,933$54,962$49,534$31,961
11 years$67,183$60,079$53,644$47,833$42,601$26,093
12 years$60,955$53,924$47,608$41,956$36,917$21,437
13 years$55,689$48,731$42,535$37,041$32,192$17,700
14 years$51,179$44,296$38,218$32,881$28,219$14,674
15 years$47,274$40,465$34,505$29,324$24,847$12,206
16 years$43,861$37,126$31,284$26,257$21,960$10,180
17 years$40,852$34,191$28,467$23,591$19,471$8,509
18 years$38,180$31,594$25,987$21,261$17,313$7,126
19 years$35,793$29,281$23,790$19,211$15,431$5,976
20 years$33,647$27,210$21,833$17,399$13,783$5,019
21 years$31,708$25,345$20,082$15,791$12,335$4,219
22 years$29,947$23,658$18,509$14,357$11,056$3,550
23 years$28,342$22,127$17,090$13,076$9,925$2,989
24 years$26,873$20,732$15,805$11,926$8,920$2,518
25 years$25,524$19,456$14,639$10,891$8,027$2,123
26 years$24,280$18,285$13,577$9,958$7,231$1,790
27 years$23,131$17,209$12,607$9,115$6,519$1,510
28 years$22,065$16,216$11,720$8,351$5,882$1,274
29 years$21,075$15,297$10,906$7,658$5,311$1,076
30 years$20,152$14,447$10,159$7,029$4,799$908
31 years$19,291$13,657$9,471$6,455$4,339$767
32 years$18,485$12,922$8,836$5,932$3,925$648
33 years$17,729$12,238$8,251$5,455$3,552$547
34 years$17,020$11,599$7,709$5,019$3,216$462
35 years$16,352$11,001$7,207$4,621$2,913$391
36 years$15,723$10,442$6,742$4,255$2,639$330
37 years$15,130$9,917$6,311$3,921$2,392$279
38 years$14,569$9,425$5,910$3,614$2,169$236
39 years$14,038$8,962$5,537$3,332$1,966$199
40 years$13,535$8,527$5,190$3,074$1,784$168
41 years$13,058$8,117$4,866$2,836$1,618$142
42 years$12,604$7,730$4,565$2,617$1,468$120
43 years$12,173$7,365$4,283$2,416$1,333$102
44 years$11,763$7,020$4,021$2,231$1,210$86
45 years$11,372$6,695$3,775$2,060$1,098$73
46 years$10,999$6,386$3,546$1,903$997$61
47 years$10,643$6,095$3,331$1,758$905$52
48 years$10,302$5,818$3,130$1,624$822$44
49 years$9,977$5,556$2,942$1,501$747$37
50 years$9,666$5,307$2,766$1,388$678$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,900,000, adding $5,069 every year, while hoping to spend $27,710 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: 71/20/9 Blend
62$9,900,000$9,900,000$9,900,000$9,900,000
63$10,915,029$10,390,329$10,236,879$11,671,765
64$11,998,878$10,869,972$10,550,331$12,652,534
65$13,192,352$11,372,188$10,873,355$13,721,822
66$14,506,602$11,898,056$11,206,242$14,891,490
67$15,953,917$12,448,702$11,549,294$16,171,417
68$17,547,840$13,025,311$11,902,818$17,572,476
69$19,303,290$13,629,123$12,267,133$19,106,632
70$21,236,713$14,261,436$12,642,569$20,787,054
71$23,366,226$14,923,615$13,029,463$22,628,234
72$25,711,795$15,617,086$13,428,164$24,646,129
73$28,295,422$16,343,347$13,839,032$26,858,298
74$31,141,351$17,103,968$14,262,435$29,284,075
75$34,276,299$17,900,592$14,698,757$31,944,745
76$37,729,704$18,734,944$15,148,389$34,863,740
77$41,534,010$19,608,832$15,611,736$38,066,860
78$45,724,965$20,524,151$16,089,215$41,582,512
79$50,341,964$21,482,887$16,581,256$45,441,977
80$55,428,418$22,487,122$17,088,301$49,679,697
81$61,032,165$23,539,039$17,610,808$54,333,604
82$67,205,920$24,640,927$18,149,244$59,445,466
83$74,007,776$25,795,184$18,704,096$65,061,285
84$81,501,746$27,004,325$19,275,860$71,231,721
85$89,758,375$28,270,988$19,865,052$78,012,569
86$98,855,398$29,597,935$20,472,200$85,465,281
87$108,878,481$30,988,066$21,097,851$93,657,542
88$119,922,022$32,444,417$21,742,565$102,663,902
89$132,090,050$33,970,175$22,406,923$112,566,476
90$145,497,200$35,568,679$23,091,520$123,455,714
91$160,269,799$37,243,429$23,796,970$135,431,249
92$176,547,058$38,998,096$24,523,908$148,602,830
93$194,482,384$40,836,529$25,272,985$163,091,354
94$214,244,830$42,762,762$26,044,873$179,030,003
95$236,020,691$44,781,025$26,840,264$196,565,488
96$260,015,260$46,895,754$27,659,872$215,859,432
97$286,454,770$49,111,600$28,504,431$237,089,888
98$315,588,526$51,433,437$29,374,699$260,453,011
99$347,691,259$53,866,379$30,271,454$286,164,901
100$383,065,721$56,415,785$31,195,502$314,463,638