Can I retire at age 63 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$421,153$417,402$413,742$410,169$406,681$400,935
2 years$208,492$204,609$200,846$197,197$193,658$187,880
3 years$137,614$133,714$129,960$126,346$122,864$117,234
4 years$102,182$98,294$94,578$91,025$87,628$82,189
5 years$80,928$77,064$73,396$69,916$66,613$61,381
6 years$66,764$62,928$59,315$55,912$52,709$47,690
7 years$56,650$52,847$49,291$45,969$42,866$38,062
8 years$49,068$45,300$41,803$38,562$35,562$30,972
9 years$43,175$39,442$36,005$32,846$29,948$25,570
10 years$38,462$34,766$31,390$28,314$25,517$21,348
11 years$34,610$30,950$27,635$24,641$21,946$17,981
12 years$31,401$27,779$24,525$21,614$19,018$15,253
13 years$28,688$25,104$21,912$19,082$16,584$13,014
14 years$26,365$22,819$19,688$16,939$14,537$11,157
15 years$24,353$20,846$17,775$15,106$12,800$9,603
16 years$22,595$19,125$16,116$13,526$11,312$8,293
17 years$21,045$17,614$14,665$12,153$10,030$7,182
18 years$19,669$16,276$13,387$10,952$8,919$6,235
19 years$18,439$15,084$12,255$9,896$7,949$5,424
20 years$17,333$14,017$11,247$8,963$7,101$4,726
21 years$16,334$13,056$10,345$8,135$6,354$4,125
22 years$15,427$12,188$9,535$7,396$5,696$3,605
23 years$14,601$11,399$8,804$6,736$5,113$3,154
24 years$13,844$10,680$8,142$6,144$4,595$2,762
25 years$13,149$10,023$7,541$5,611$4,135$2,421
26 years$12,508$9,420$6,994$5,130$3,725$2,124
27 years$11,916$8,865$6,495$4,696$3,358$1,864
28 years$11,367$8,353$6,038$4,302$3,030$1,637
29 years$10,857$7,881$5,618$3,945$2,736$1,438
30 years$10,381$7,442$5,233$3,621$2,472$1,264
31 years$9,938$7,035$4,879$3,325$2,235$1,112
32 years$9,523$6,657$4,552$3,056$2,022$978
33 years$9,133$6,304$4,250$2,810$1,830$861
34 years$8,768$5,975$3,971$2,586$1,657$758
35 years$8,424$5,667$3,713$2,380$1,501$667
36 years$8,100$5,379$3,473$2,192$1,360$587
37 years$7,794$5,109$3,251$2,020$1,232$517
38 years$7,505$4,855$3,044$1,862$1,117$456
39 years$7,232$4,617$2,852$1,717$1,013$401
40 years$6,973$4,393$2,673$1,583$919$354
41 years$6,727$4,181$2,507$1,461$834$312
42 years$6,493$3,982$2,351$1,348$756$275
43 years$6,271$3,794$2,207$1,245$686$242
44 years$6,060$3,617$2,071$1,149$623$213
45 years$5,858$3,449$1,945$1,061$566$188
46 years$5,666$3,290$1,827$980$514$166
47 years$5,483$3,140$1,716$906$466$146
48 years$5,307$2,997$1,613$837$424$129
49 years$5,140$2,862$1,516$773$385$114
50 years$4,979$2,734$1,425$715$349$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $5,100,000, adding $2,694 every year, while hoping to spend $25,254 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: 24/46/30 Blend
62$5,100,000$5,100,000$5,100,000$5,100,000
63$5,622,979$5,352,679$5,273,629$5,704,977
64$6,169,653$5,588,090$5,423,425$6,011,293
65$6,771,241$5,834,190$5,577,394$6,336,940
66$7,433,318$6,091,476$5,735,647$6,685,314
67$8,162,026$6,360,468$5,898,301$7,058,324
68$8,964,134$6,641,712$6,065,475$7,458,062
69$9,847,098$6,935,779$6,237,291$7,886,814
70$10,819,136$7,243,266$6,413,875$8,347,080
71$11,889,303$7,564,801$6,595,354$8,841,597
72$13,067,575$7,901,039$6,781,862$9,373,361
73$14,364,947$8,252,669$6,973,533$9,945,655
74$15,793,531$8,620,409$7,170,506$10,562,072
75$17,366,676$9,005,015$7,372,923$11,226,550
76$19,099,092$9,407,275$7,580,931$11,943,407
77$21,006,986$9,828,018$7,794,679$12,717,375
78$23,108,219$10,268,111$8,014,321$13,553,643
79$25,422,471$10,728,462$8,240,014$14,457,905
80$27,971,428$11,210,023$8,471,920$15,436,405
81$30,778,989$11,713,789$8,710,205$16,495,996
82$33,871,488$12,240,806$8,955,038$17,644,199
83$37,277,942$12,792,168$9,206,594$18,889,272
84$41,030,328$13,369,021$9,465,051$20,240,279
85$45,163,884$13,972,565$9,730,593$21,707,177
86$49,717,440$14,604,060$10,003,407$23,300,902
87$54,733,783$15,264,824$10,283,686$25,033,465
88$60,260,066$15,956,237$10,571,627$26,918,066
89$66,348,248$16,679,749$10,867,432$28,969,208
90$73,055,588$17,436,874$11,171,308$31,202,830
91$80,445,179$18,229,203$11,483,469$33,636,453
92$88,586,554$19,058,400$11,804,132$36,289,338
93$97,556,332$19,926,211$12,133,520$39,182,660
94$107,438,947$20,834,464$12,471,862$42,339,704
95$118,327,442$21,785,076$12,819,392$45,786,076
96$130,324,350$22,780,054$13,176,350$49,549,936
97$143,542,660$23,821,502$13,542,984$53,662,260
98$158,106,881$24,911,626$13,919,544$58,157,120
99$174,154,224$26,052,736$14,306,289$63,072,001
100$191,835,889$27,247,254$14,703,484$68,448,145