Can I retire at age 63 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$412,895$409,217$405,629$402,127$398,707$396,693
2 years$204,404$200,597$196,907$193,330$189,860$187,828
3 years$134,915$131,092$127,412$123,869$120,455$118,467
4 years$100,178$96,367$92,723$89,240$85,910$83,981
5 years$79,341$75,553$71,957$68,545$65,307$63,444
6 years$65,455$61,694$58,152$54,816$51,675$49,880
7 years$55,539$51,811$48,325$45,067$42,026$40,299
8 years$48,106$44,411$40,983$37,806$34,865$33,207
9 years$42,328$38,668$35,299$32,202$29,361$27,772
10 years$37,708$34,084$30,774$27,759$25,017$23,495
11 years$33,931$30,343$27,093$24,158$21,515$20,060
12 years$30,785$27,234$24,044$21,190$18,645$17,255
13 years$28,126$24,612$21,482$18,708$16,259$14,933
14 years$25,848$22,371$19,302$16,607$14,252$12,989
15 years$23,876$20,437$17,427$14,810$12,549$11,347
16 years$22,152$18,750$15,800$13,261$11,091$9,948
17 years$20,632$17,268$14,377$11,915$9,834$8,749
18 years$19,283$15,957$13,125$10,738$8,744$7,715
19 years$18,077$14,789$12,015$9,702$7,793$6,818
20 years$16,993$13,742$11,027$8,787$6,961$6,038
21 years$16,014$12,800$10,143$7,975$6,230$5,357
22 years$15,125$11,949$9,348$7,251$5,584$4,760
23 years$14,314$11,175$8,631$6,604$5,012$4,234
24 years$13,572$10,471$7,982$6,023$4,505$3,772
25 years$12,891$9,826$7,393$5,501$4,054$3,363
26 years$12,263$9,235$6,857$5,029$3,652$3,002
27 years$11,682$8,691$6,367$4,604$3,292$2,681
28 years$11,144$8,190$5,919$4,218$2,971$2,396
29 years$10,644$7,726$5,508$3,868$2,683$2,143
30 years$10,178$7,296$5,131$3,550$2,424$1,918
31 years$9,743$6,898$4,783$3,260$2,191$1,717
32 years$9,336$6,526$4,463$2,996$1,982$1,539
33 years$8,954$6,181$4,167$2,755$1,794$1,379
34 years$8,596$5,858$3,893$2,535$1,624$1,236
35 years$8,259$5,556$3,640$2,334$1,471$1,108
36 years$7,941$5,274$3,405$2,149$1,333$994
37 years$7,641$5,009$3,187$1,980$1,208$892
38 years$7,358$4,760$2,985$1,825$1,095$801
39 years$7,090$4,526$2,796$1,683$993$719
40 years$6,836$4,306$2,621$1,552$901$645
41 years$6,595$4,099$2,458$1,432$817$579
42 years$6,366$3,904$2,305$1,322$742$520
43 years$6,148$3,720$2,163$1,220$673$467
44 years$5,941$3,546$2,031$1,127$611$420
45 years$5,743$3,381$1,907$1,040$555$377
46 years$5,555$3,225$1,791$961$504$339
47 years$5,375$3,078$1,682$888$457$305
48 years$5,203$2,938$1,581$820$415$274
49 years$5,039$2,806$1,486$758$377$246
50 years$4,882$2,680$1,397$701$343$221

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $5,000,000, adding $2,381 every year, while hoping to spend $55,682 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: 43/44/13 Blend
62$5,000,000$5,000,000$5,000,000$5,000,000
63$5,512,456$5,247,456$5,169,956$5,728,586
64$6,015,481$5,445,336$5,283,904$6,077,898
65$6,567,949$5,651,046$5,399,804$6,450,340
66$7,174,843$5,864,911$5,517,661$6,852,603
67$7,841,655$6,087,270$5,637,480$7,287,447
68$8,574,434$6,318,475$5,759,265$7,757,903
69$9,379,843$6,558,898$5,883,018$8,267,297
70$10,265,225$6,808,921$6,008,737$8,819,288
71$11,238,667$7,068,948$6,136,419$9,417,894
72$12,309,083$7,339,398$6,266,060$10,067,529
73$13,486,288$7,620,708$6,397,653$10,773,048
74$14,781,102$7,913,335$6,531,186$11,539,786
75$16,205,442$8,217,756$6,666,648$12,373,610
76$17,772,439$8,534,468$6,804,024$13,280,969
77$19,496,563$8,863,992$6,943,293$14,268,958
78$21,393,754$9,206,869$7,084,435$15,345,378
79$23,481,578$9,563,667$7,227,425$16,518,810
80$25,779,388$9,934,975$7,372,233$17,798,694
81$28,308,510$10,321,413$7,518,826$19,195,417
82$31,092,440$10,723,624$7,667,169$20,720,406
83$34,157,069$11,142,283$7,817,220$22,386,235
84$37,530,927$11,578,091$7,968,933$24,206,741
85$41,245,447$12,031,784$8,122,259$26,197,153
86$45,335,270$12,504,128$8,277,141$28,374,230
87$49,838,562$12,995,925$8,433,520$30,756,422
88$54,797,381$13,508,011$8,591,329$33,364,035
89$60,258,072$14,041,261$8,750,496$36,219,424
90$66,271,701$14,596,589$8,910,943$39,347,198
91$72,894,540$15,174,947$9,072,585$42,774,453
92$80,188,597$15,777,333$9,235,331$46,531,019
93$88,222,200$16,404,789$9,399,081$50,649,741
94$97,070,644$17,058,403$9,563,730$55,166,788
95$106,816,896$17,739,312$9,729,162$60,121,985
96$117,552,386$18,448,704$9,895,255$65,559,187
97$129,377,861$19,187,822$10,061,877$71,526,692
98$142,404,341$19,957,964$10,228,888$78,077,687
99$156,754,165$20,760,485$10,396,137$85,270,751
100$172,562,145$21,596,804$10,563,463$93,170,398