Can I retire at age 63 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$677,148$671,117$665,232$659,488$653,880$632,695
2 years$335,222$328,979$322,928$317,062$311,371$290,227
3 years$221,261$214,991$208,956$203,144$197,547$177,106
4 years$164,292$158,041$152,066$146,354$140,892$121,312
5 years$130,120$123,906$118,010$112,414$107,104$88,437
6 years$107,345$101,179$95,369$89,898$84,748$67,009
7 years$91,085$84,970$79,252$73,910$68,922$52,110
8 years$78,894$72,835$67,212$62,002$57,178$41,280
9 years$69,418$63,416$57,890$52,812$48,152$33,150
10 years$61,842$55,898$50,470$45,524$41,028$26,899
11 years$55,647$49,763$44,433$39,620$35,285$22,003
12 years$50,488$44,664$39,433$34,752$30,578$18,113
13 years$46,126$40,363$35,231$30,681$26,664$14,986
14 years$42,391$36,689$31,655$27,235$23,374$12,450
15 years$39,156$33,516$28,580$24,289$20,580$10,378
16 years$36,329$30,751$25,912$21,748$18,189$8,674
17 years$33,837$28,320$23,579$19,540$16,127$7,267
18 years$31,624$26,169$21,525$17,610$14,340$6,099
19 years$29,647$24,253$19,705$15,912$12,781$5,127
20 years$27,869$22,537$18,084$14,411$11,416$4,315
21 years$26,263$20,993$16,634$13,079$10,216$3,636
22 years$24,805$19,596$15,331$11,892$9,158$3,066
23 years$23,475$18,328$14,155$10,830$8,220$2,588
24 years$22,259$17,172$13,091$9,878$7,389$2,186
25 years$21,141$16,115$12,125$9,021$6,649$1,847
26 years$20,111$15,145$11,245$8,248$5,989$1,561
27 years$19,159$14,254$10,442$7,550$5,400$1,320
28 years$18,276$13,431$9,707$6,917$4,872$1,117
29 years$17,456$12,671$9,034$6,343$4,399$945
30 years$16,692$11,966$8,414$5,822$3,975$800
31 years$15,978$11,312$7,845$5,347$3,594$677
32 years$15,311$10,703$7,319$4,914$3,251$573
33 years$14,685$10,136$6,834$4,519$2,942$486
34 years$14,097$9,607$6,385$4,157$2,664$411
35 years$13,544$9,112$5,970$3,827$2,413$348
36 years$13,023$8,649$5,585$3,525$2,186$295
37 years$12,532$8,214$5,227$3,248$1,981$250
38 years$12,067$7,806$4,895$2,993$1,796$212
39 years$11,627$7,423$4,586$2,760$1,629$179
40 years$11,211$7,062$4,298$2,546$1,477$152
41 years$10,815$6,723$4,031$2,349$1,340$129
42 years$10,440$6,403$3,781$2,168$1,216$109
43 years$10,083$6,100$3,548$2,001$1,104$92
44 years$9,743$5,815$3,330$1,848$1,002$78
45 years$9,419$5,545$3,127$1,706$910$66
46 years$9,110$5,290$2,937$1,576$826$56
47 years$8,815$5,048$2,759$1,456$750$48
48 years$8,533$4,819$2,593$1,346$681$40
49 years$8,264$4,602$2,437$1,244$619$34
50 years$8,006$4,396$2,291$1,149$562$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $8,200,000, adding $4,642 every year, while hoping to spend $52,525 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: 53/20/27 Blend
62$8,200,000$8,200,000$8,200,000$8,200,000
63$9,041,188$8,606,588$8,479,488$9,452,068
64$9,907,503$8,972,425$8,707,665$10,102,896
65$10,860,422$9,354,427$8,941,725$10,805,043
66$11,908,723$9,753,332$9,181,810$11,568,131
67$13,062,077$10,169,909$9,428,065$12,398,010
68$14,331,141$10,604,967$9,680,638$13,301,114
69$15,727,657$11,059,350$9,939,679$14,284,522
70$17,264,561$11,533,942$10,205,342$15,356,018
71$18,956,110$12,029,668$10,477,784$16,524,166
72$20,818,009$12,547,498$10,757,166$17,798,387
73$22,867,566$13,088,445$11,043,651$19,189,048
74$25,123,850$13,653,572$11,337,406$20,707,558
75$27,607,875$14,243,989$11,638,601$22,366,469
76$30,342,795$14,860,860$11,947,410$24,179,598
77$33,354,121$15,505,404$12,264,010$26,162,150
78$36,669,969$16,178,896$12,588,582$28,330,865
79$40,321,316$16,882,672$12,921,309$30,704,167
80$44,342,296$17,618,129$13,262,379$33,302,338
81$48,770,525$18,386,733$13,611,984$36,147,709
82$53,647,451$19,190,015$13,970,318$39,264,863
83$59,018,747$20,029,581$14,337,579$42,680,870
84$64,934,742$20,907,113$14,713,970$46,425,534
85$71,450,894$21,824,371$15,099,697$50,531,672
86$78,628,318$22,783,198$15,494,970$55,035,425
87$86,534,356$23,785,524$15,900,001$59,976,589
88$95,243,217$24,833,371$16,315,008$65,398,993
89$104,836,677$25,928,858$16,740,212$71,350,903
90$115,404,846$27,074,201$17,175,838$77,885,479
91$127,047,027$28,271,722$17,622,114$85,061,270
92$139,872,642$29,523,856$18,079,274$92,942,761
93$154,002,275$30,833,148$18,547,553$101,600,981
94$169,568,803$32,202,269$19,027,192$111,114,165
95$186,718,654$33,634,012$19,518,436$121,568,491
96$205,613,185$35,131,307$20,021,531$133,058,885
97$226,430,209$36,697,220$20,536,732$145,689,915
98$249,365,670$38,334,964$21,064,292$159,576,769
99$274,635,495$40,047,904$21,604,473$174,846,341
100$302,477,630$41,839,566$22,157,537$191,638,419