Can I retire at age 63 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$487,216$482,877$478,642$474,510$470,474$460,411
2 years$241,196$236,704$232,351$228,130$224,035$213,945
3 years$159,200$154,689$150,346$146,165$142,137$132,336
4 years$118,210$113,713$109,414$105,304$101,373$91,936
5 years$93,623$89,152$84,909$80,883$77,063$68,016
6 years$77,236$72,799$68,619$64,683$60,977$52,331
7 years$65,536$61,137$57,023$53,179$49,591$41,347
8 years$56,765$52,406$48,360$44,611$41,140$33,296
9 years$49,947$45,628$41,653$37,999$34,646$27,195
10 years$44,496$40,219$36,314$32,755$29,520$22,456
11 years$40,038$35,805$31,970$28,507$25,388$18,701
12 years$36,327$32,136$28,373$25,004$22,001$15,681
13 years$33,188$29,042$25,349$22,075$19,185$13,221
14 years$30,501$26,398$22,776$19,596$16,818$11,197
15 years$28,174$24,115$20,564$17,476$14,808$9,519
16 years$26,139$22,125$18,644$15,648$13,087$8,117
17 years$24,346$20,377$16,965$14,059$11,604$6,940
18 years$22,754$18,829$15,487$12,670$10,318$5,947
19 years$21,331$17,450$14,178$11,449$9,196$5,105
20 years$20,052$16,216$13,012$10,369$8,214$4,389
21 years$18,897$15,104$11,968$9,411$7,351$3,779
22 years$17,847$14,099$11,031$8,556$6,589$3,257
23 years$16,891$13,187$10,185$7,792$5,915$2,810
24 years$16,015$12,355$9,419$7,107$5,316$2,426
25 years$15,211$11,595$8,724$6,491$4,784$2,097
26 years$14,470$10,897$8,091$5,935$4,309$1,813
27 years$13,785$10,256$7,513$5,432$3,885$1,568
28 years$13,150$9,664$6,985$4,977$3,506$1,357
29 years$12,560$9,117$6,500$4,564$3,165$1,175
30 years$12,010$8,610$6,054$4,189$2,860$1,018
31 years$11,497$8,139$5,644$3,847$2,586$882
32 years$11,016$7,701$5,266$3,535$2,339$764
33 years$10,566$7,293$4,917$3,251$2,117$662
34 years$10,143$6,912$4,594$2,991$1,917$574
35 years$9,745$6,556$4,295$2,754$1,736$498
36 years$9,371$6,223$4,018$2,536$1,573$432
37 years$9,017$5,910$3,761$2,337$1,426$375
38 years$8,682$5,617$3,522$2,154$1,292$325
39 years$8,366$5,341$3,300$1,986$1,172$282
40 years$8,066$5,082$3,093$1,832$1,063$245
41 years$7,782$4,837$2,900$1,690$964$212
42 years$7,512$4,607$2,720$1,560$875$184
43 years$7,255$4,389$2,553$1,440$794$160
44 years$7,010$4,184$2,396$1,329$721$139
45 years$6,777$3,990$2,250$1,228$654$120
46 years$6,555$3,806$2,113$1,134$594$104
47 years$6,343$3,632$1,985$1,048$540$91
48 years$6,140$3,467$1,866$968$490$79
49 years$5,946$3,311$1,754$895$445$68
50 years$5,760$3,163$1,649$827$404$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $5,900,000, adding $6,818 every year, while hoping to spend $29,306 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: 60/10/30 Blend
62$5,900,000$5,900,000$5,900,000$5,900,000
63$6,508,833$6,196,133$6,104,683$6,845,836
64$7,141,552$6,468,562$6,278,008$7,349,417
65$7,837,827$6,753,358$6,456,158$7,894,980
66$8,604,109$7,051,096$6,639,263$8,489,726
67$9,447,506$7,362,378$6,827,456$9,138,463
68$10,375,852$7,687,834$7,020,876$9,846,478
69$11,397,777$8,028,126$7,219,664$10,619,590
70$12,522,792$8,383,946$7,423,964$11,464,206
71$13,761,375$8,756,018$7,633,925$12,387,376
72$15,125,073$9,145,100$7,849,699$13,396,861
73$16,626,609$9,551,989$8,071,443$14,501,208
74$18,280,004$9,977,517$8,299,317$15,709,821
75$20,100,705$10,422,557$8,533,485$17,033,060
76$22,105,737$10,888,022$8,774,117$18,482,327
77$24,313,857$11,374,869$9,021,384$20,070,180
78$26,745,735$11,884,103$9,275,465$21,810,446
79$29,424,148$12,416,772$9,536,542$23,718,352
80$32,374,196$12,973,978$9,804,800$25,810,667
81$35,623,535$13,556,874$10,080,432$28,105,858
82$39,202,642$14,166,668$10,363,633$30,624,265
83$43,145,102$14,804,625$10,654,606$33,388,288
84$47,487,922$15,472,072$10,953,555$36,422,599
85$52,271,884$16,170,397$11,260,692$39,754,376
86$57,541,926$16,901,056$11,576,235$43,413,551
87$63,347,568$17,665,574$11,900,405$47,433,097
88$69,743,382$18,465,548$12,233,430$51,849,334
89$76,789,501$19,302,655$12,575,545$56,702,270
90$84,552,192$20,178,646$12,926,987$62,035,980
91$93,104,477$21,095,361$13,288,002$67,899,014
92$102,526,826$22,054,726$13,658,843$74,344,861
93$112,907,914$23,058,760$14,039,766$81,432,443
94$124,345,458$24,109,576$14,431,035$89,226,675
95$136,947,142$25,209,392$14,832,922$97,799,073
96$150,831,628$26,360,530$15,245,702$107,228,428
97$166,129,682$27,565,424$15,669,661$117,601,545
98$182,985,404$28,826,624$16,105,090$129,014,061
99$201,557,591$30,146,804$16,552,285$141,571,345
100$222,021,232$31,528,765$17,011,554$155,389,490