Can I retire at age 63 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$668,890$662,932$657,119$651,446$645,905$624,231
2 years$331,134$324,967$318,990$313,195$307,574$285,951
3 years$218,563$212,369$206,408$200,667$195,138$174,245
4 years$162,289$156,114$150,212$144,569$139,174$119,172
5 years$128,533$122,395$116,571$111,043$105,798$86,739
6 years$106,036$99,945$94,206$88,802$83,714$65,614
7 years$89,974$83,934$78,286$73,009$68,082$50,938
8 years$77,932$71,947$66,393$61,245$56,481$40,280
9 years$68,572$62,642$57,184$52,168$47,565$32,288
10 years$61,087$55,216$49,854$44,969$40,528$26,150
11 years$54,968$49,156$43,891$39,136$34,855$21,349
12 years$49,872$44,120$38,952$34,328$30,205$17,539
13 years$45,564$39,871$34,801$30,306$26,339$14,482
14 years$41,874$36,242$31,269$26,903$23,089$12,006
15 years$38,679$33,108$28,232$23,992$20,329$9,987
16 years$35,886$30,376$25,596$21,483$17,967$8,329
17 years$33,424$27,975$23,291$19,302$15,931$6,962
18 years$31,239$25,850$21,262$17,395$14,165$5,830
19 years$29,285$23,957$19,464$15,718$12,625$4,890
20 years$27,529$22,262$17,863$14,236$11,277$4,106
21 years$25,943$20,737$16,431$12,920$10,092$3,452
22 years$24,502$19,357$15,144$11,747$9,046$2,904
23 years$23,189$18,104$13,983$10,698$8,120$2,445
24 years$21,987$16,962$12,931$9,757$7,299$2,060
25 years$20,883$15,918$11,977$8,911$6,568$1,737
26 years$19,866$14,961$11,108$8,148$5,916$1,465
27 years$18,925$14,080$10,315$7,458$5,334$1,236
28 years$18,053$13,267$9,589$6,833$4,813$1,043
29 years$17,243$12,516$8,923$6,266$4,346$880
30 years$16,488$11,820$8,312$5,751$3,927$743
31 years$15,783$11,174$7,749$5,281$3,550$628
32 years$15,124$10,573$7,230$4,854$3,211$530
33 years$14,506$10,013$6,751$4,463$2,906$448
34 years$13,925$9,490$6,307$4,107$2,631$378
35 years$13,379$9,001$5,897$3,781$2,383$320
36 years$12,865$8,543$5,516$3,482$2,159$270
37 years$12,379$8,114$5,163$3,208$1,957$228
38 years$11,920$7,711$4,835$2,957$1,774$193
39 years$11,486$7,333$4,530$2,726$1,609$163
40 years$11,074$6,976$4,246$2,515$1,459$138
41 years$10,683$6,641$3,981$2,320$1,324$116
42 years$10,312$6,325$3,735$2,141$1,201$98
43 years$9,960$6,026$3,504$1,977$1,090$83
44 years$9,624$5,744$3,290$1,825$990$70
45 years$9,304$5,477$3,089$1,685$898$59
46 years$8,999$5,225$2,901$1,557$816$50
47 years$8,708$4,987$2,726$1,438$741$42
48 years$8,429$4,760$2,561$1,329$673$36
49 years$8,163$4,546$2,407$1,228$611$30
50 years$7,908$4,342$2,263$1,135$555$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $8,100,000, adding $2,097 every year, while hoping to spend $25,108 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: 56/36/8 Blend
62$8,100,000$8,100,000$8,100,000$8,100,000
63$8,928,363$8,499,063$8,373,513$9,411,612
64$9,812,341$8,888,802$8,627,311$10,127,534
65$10,785,644$9,296,798$8,888,770$10,903,937
66$11,857,355$9,723,916$9,158,119$11,748,945
67$13,037,486$10,171,069$9,435,597$12,669,101
68$14,337,066$10,639,208$9,721,446$13,671,592
69$15,768,251$11,129,333$10,015,919$14,764,317
70$17,344,434$11,642,492$10,319,273$15,955,957
71$19,080,375$12,179,782$10,631,777$17,256,059
72$20,992,335$12,742,354$10,953,704$18,675,116
73$23,098,237$13,331,413$11,285,337$20,224,665
74$25,417,829$13,948,223$11,626,967$21,917,396
75$27,972,871$14,594,110$11,978,894$23,767,263
76$30,787,344$15,270,462$12,341,427$25,789,614
77$33,887,673$15,978,734$12,714,884$28,001,332
78$37,302,975$16,720,451$13,099,593$30,420,991
79$41,065,339$17,497,214$13,495,890$33,069,025
80$45,210,125$18,310,699$13,904,123$35,967,915
81$49,776,296$19,162,662$14,324,650$39,142,403
82$54,806,791$20,054,945$14,757,838$42,619,710
83$60,348,926$20,989,480$15,204,068$46,429,798
84$66,454,842$21,968,289$15,663,730$50,605,641
85$73,181,997$22,993,496$16,137,225$55,183,531
86$80,593,707$24,067,324$16,624,969$60,203,418
87$88,759,746$25,192,104$17,127,387$65,709,275
88$97,757,005$26,370,282$17,644,919$71,749,513
89$107,670,212$27,604,418$18,178,016$78,377,424
90$118,592,739$28,897,201$18,727,146$85,651,684
91$130,627,480$30,251,444$19,292,786$93,636,893
92$143,887,819$31,670,102$19,875,431$102,404,179
93$158,498,708$33,156,268$20,475,589$112,031,863
94$174,597,839$34,713,188$21,093,784$122,606,187
95$192,336,948$36,344,263$21,730,555$134,222,118
96$211,883,245$38,053,060$22,386,457$146,984,239
97$233,420,994$39,843,318$23,062,061$161,007,722
98$257,153,251$41,718,957$23,757,956$176,419,407
99$283,303,783$43,684,086$24,474,748$193,358,986
100$312,119,178$45,743,015$25,213,061$211,980,313