Can I retire at age 63 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$685,406$679,301$673,344$667,531$661,854$645,854
2 years$339,310$332,991$326,866$320,928$315,168$299,145
3 years$223,960$217,613$211,504$205,622$199,956$184,409
4 years$166,296$159,969$153,921$148,139$142,610$127,661
5 years$131,707$125,417$119,449$113,785$108,410$94,099
6 years$108,655$102,413$96,532$90,995$85,781$72,123
7 years$92,195$86,006$80,219$74,812$69,763$56,760
8 years$79,857$73,723$68,032$62,758$57,875$45,521
9 years$70,265$64,189$58,596$53,456$48,739$37,025
10 years$62,596$56,580$51,085$46,079$41,528$30,440
11 years$56,325$50,370$44,975$40,103$35,716$25,238
12 years$51,104$45,209$39,914$35,176$30,950$21,065
13 years$46,689$40,856$35,660$31,055$26,989$17,678
14 years$42,908$37,137$32,041$27,567$23,659$14,901
15 years$39,634$33,925$28,929$24,585$20,831$12,606
16 years$36,772$31,126$26,228$22,013$18,411$10,696
17 years$34,250$28,665$23,867$19,779$16,324$9,099
18 years$32,010$26,488$21,787$17,824$14,515$7,756
19 years$30,008$24,549$19,945$16,106$12,937$6,624
20 years$28,209$22,812$18,305$14,587$11,556$5,665
21 years$26,583$21,249$16,837$13,239$10,341$4,851
22 years$25,107$19,835$15,518$12,037$9,269$4,158
23 years$23,762$18,551$14,328$10,962$8,321$3,568
24 years$22,530$17,381$13,251$9,998$7,479$3,064
25 years$21,399$16,311$12,273$9,131$6,730$2,633
26 years$20,356$15,330$11,382$8,349$6,062$2,264
27 years$19,392$14,427$10,570$7,642$5,465$1,947
28 years$18,499$13,595$9,826$7,002$4,931$1,676
29 years$17,669$12,825$9,144$6,421$4,453$1,443
30 years$16,895$12,112$8,517$5,893$4,024$1,242
31 years$16,173$11,450$7,940$5,412$3,638$1,070
32 years$15,497$10,834$7,408$4,974$3,291$922
33 years$14,864$10,260$6,917$4,574$2,978$795
34 years$14,269$9,724$6,463$4,208$2,696$685
35 years$13,710$9,223$6,042$3,874$2,442$590
36 years$13,182$8,754$5,653$3,568$2,213$509
37 years$12,685$8,314$5,291$3,287$2,005$439
38 years$12,214$7,902$4,955$3,030$1,818$378
39 years$11,769$7,514$4,642$2,794$1,649$326
40 years$11,347$7,149$4,351$2,577$1,495$281
41 years$10,947$6,805$4,080$2,377$1,357$243
42 years$10,567$6,481$3,827$2,194$1,231$209
43 years$10,206$6,175$3,591$2,025$1,117$181
44 years$9,862$5,886$3,371$1,870$1,014$156
45 years$9,534$5,613$3,165$1,727$921$134
46 years$9,221$5,354$2,973$1,595$836$116
47 years$8,923$5,110$2,793$1,474$759$100
48 years$8,637$4,878$2,624$1,362$689$86
49 years$8,365$4,658$2,467$1,259$626$74
50 years$8,104$4,450$2,319$1,163$569$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $8,300,000, adding $3,640 every year, while hoping to spend $44,132 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: 64/16/20 Blend
62$8,300,000$8,300,000$8,300,000$8,300,000
63$9,150,355$8,710,455$8,581,805$9,689,084
64$10,036,735$9,090,311$8,822,339$10,431,752
65$11,012,046$9,487,301$9,069,452$11,237,447
66$12,085,314$9,902,218$9,323,318$12,116,636
67$13,266,482$10,335,892$9,584,114$13,076,510
68$14,566,505$10,789,192$9,852,024$14,124,979
69$15,997,456$11,263,030$10,127,234$15,270,749
70$17,572,636$11,758,359$10,409,937$16,523,401
71$19,306,704$12,276,177$10,700,328$17,893,480
72$21,215,809$12,817,531$10,998,610$19,392,596
73$23,317,746$13,383,515$11,304,989$21,033,525
74$25,632,126$13,975,277$11,619,676$22,830,334
75$28,180,556$14,594,018$11,942,888$24,798,509
76$30,986,845$15,240,998$12,274,847$26,955,100
77$34,077,230$15,917,533$12,615,781$29,318,879
78$37,480,620$16,625,005$12,965,923$31,910,515
79$41,228,873$17,364,860$13,325,510$34,752,769
80$45,357,092$18,138,612$13,694,789$37,870,704
81$49,903,960$18,947,849$14,074,009$41,291,920
82$54,912,103$19,794,232$14,463,427$45,046,812
83$60,428,491$20,679,503$14,863,306$49,168,856
84$66,504,884$21,605,486$15,273,914$53,694,917
85$73,198,320$22,574,092$15,695,527$58,665,601
86$80,571,649$23,587,323$16,128,428$64,125,630
87$88,694,130$24,647,275$16,572,904$70,124,263
88$97,642,087$25,756,147$17,029,251$76,715,759
89$107,499,621$26,916,240$17,497,773$83,959,883
90$118,359,413$28,129,966$17,978,778$91,922,468
91$130,323,590$29,399,851$18,472,584$100,676,035
92$143,504,696$30,728,544$18,979,516$110,300,469
93$158,026,750$32,118,817$19,499,905$120,883,772
94$174,026,418$33,573,579$20,034,091$132,522,891
95$191,654,301$35,095,873$20,582,421$145,324,626
96$211,076,360$36,688,891$21,145,253$159,406,634
97$232,475,478$38,355,976$21,722,948$174,898,536
98$256,053,191$40,100,632$22,315,881$191,943,136
99$282,031,584$41,926,531$22,924,430$210,697,762
100$310,655,394$43,837,520$23,548,987$231,335,748