Can I retire at age 63 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$718,438$712,038$705,795$699,701$693,750$667,015
2 years$355,662$349,038$342,619$336,395$330,357$303,741
3 years$234,753$228,100$221,697$215,531$209,592$183,932
4 years$174,310$167,678$161,339$155,278$149,483$124,975
5 years$138,054$131,462$125,205$119,269$113,635$90,341
6 years$113,891$107,348$101,185$95,380$89,915$67,852
7 years$96,638$90,151$84,085$78,417$73,125$52,286
8 years$83,705$77,276$71,311$65,782$60,664$41,028
9 years$73,651$67,283$61,420$56,032$51,088$32,626
10 years$65,612$59,306$53,547$48,300$43,530$26,208
11 years$59,040$52,797$47,142$42,035$37,437$21,216
12 years$53,566$47,388$41,837$36,871$32,442$17,279
13 years$48,939$42,825$37,379$32,551$28,290$14,141
14 years$44,976$38,926$33,585$28,895$24,799$11,618
15 years$41,544$35,560$30,323$25,770$21,835$9,575
16 years$38,544$32,626$27,492$23,074$19,298$7,911
17 years$35,900$30,047$25,017$20,732$17,111$6,549
18 years$33,553$27,765$22,837$18,683$15,214$5,431
19 years$31,454$25,732$20,906$16,882$13,561$4,511
20 years$29,569$23,911$19,187$15,290$12,113$3,750
21 years$27,864$22,273$17,648$13,877$10,839$3,121
22 years$26,317$20,791$16,265$12,617$9,716$2,599
23 years$24,907$19,445$15,018$11,491$8,722$2,166
24 years$23,616$18,219$13,889$10,480$7,839$1,806
25 years$22,430$17,097$12,864$9,571$7,054$1,507
26 years$21,337$16,069$11,931$8,751$6,354$1,258
27 years$20,327$15,123$11,079$8,010$5,729$1,050
28 years$19,390$14,250$10,299$7,339$5,169$877
29 years$18,520$13,443$9,584$6,730$4,668$732
30 years$17,709$12,696$8,928$6,177$4,217$612
31 years$16,953$12,002$8,323$5,673$3,813$511
32 years$16,244$11,356$7,765$5,213$3,449$427
33 years$15,580$10,754$7,251$4,794$3,121$357
34 years$14,957$10,193$6,775$4,411$2,826$298
35 years$14,370$9,668$6,334$4,061$2,560$249
36 years$13,818$9,176$5,925$3,740$2,319$208
37 years$13,296$8,715$5,546$3,446$2,102$174
38 years$12,803$8,282$5,193$3,176$1,906$146
39 years$12,336$7,876$4,866$2,928$1,728$122
40 years$11,894$7,493$4,561$2,701$1,567$102
41 years$11,475$7,133$4,276$2,492$1,422$85
42 years$11,076$6,793$4,011$2,300$1,290$71
43 years$10,697$6,472$3,764$2,123$1,171$59
44 years$10,337$6,169$3,533$1,960$1,063$50
45 years$9,993$5,883$3,318$1,810$965$42
46 years$9,665$5,612$3,116$1,672$876$35
47 years$9,353$5,356$2,927$1,545$796$29
48 years$9,054$5,113$2,751$1,428$723$24
49 years$8,768$4,883$2,586$1,319$656$20
50 years$8,494$4,664$2,431$1,219$596$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $8,700,000, adding $2,349 every year, while hoping to spend $54,514 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: 37/39/24 Blend
62$8,700,000$8,700,000$8,700,000$8,700,000
63$9,589,823$9,128,723$8,993,873$9,875,489
64$10,509,982$9,518,028$9,237,165$10,474,211
65$11,522,171$9,924,582$9,486,781$11,115,279
66$12,635,718$10,349,172$9,742,874$11,806,665
67$13,860,903$10,792,623$10,005,602$12,552,935
68$15,209,052$11,255,798$10,275,126$13,359,102
69$16,692,644$11,739,601$10,551,611$14,230,663
70$18,325,428$12,244,976$10,835,225$15,173,655
71$20,122,556$12,772,914$11,126,138$16,194,701
72$22,100,720$13,324,450$11,424,528$17,301,077
73$24,278,316$13,900,670$11,730,572$18,500,770
74$26,675,611$14,502,710$12,044,453$19,802,556
75$29,314,939$15,131,758$12,366,357$21,216,072
76$32,220,908$15,789,060$12,696,476$22,751,910
77$35,420,635$16,475,919$13,035,002$24,421,708
78$38,944,000$17,193,699$13,382,135$26,238,256
79$42,823,928$17,943,830$13,738,077$28,215,614
80$47,096,699$18,727,808$14,103,033$30,369,240
81$51,802,292$19,547,200$14,477,214$32,716,126
82$56,984,759$20,403,647$14,860,834$35,274,961
83$62,692,646$21,298,866$15,254,113$38,066,294
84$68,979,443$22,234,658$15,657,273$41,112,727
85$75,904,096$23,212,906$16,070,542$44,439,124
86$83,531,559$24,235,584$16,494,150$48,072,833
87$91,933,409$25,304,758$16,928,335$52,043,943
88$101,188,519$26,422,594$17,373,336$56,385,559
89$111,383,804$27,591,357$17,829,399$61,134,109
90$122,615,040$28,813,422$18,296,773$66,329,677
91$134,987,771$30,091,276$18,775,712$72,016,379
92$148,618,299$31,427,524$19,266,473$78,242,765
93$163,634,787$32,824,895$19,769,322$85,062,275
94$180,178,466$34,286,245$20,284,524$92,533,730
95$198,404,967$35,814,568$20,812,353$100,721,879
96$218,485,792$37,413,001$21,353,086$109,698,003
97$240,609,933$39,084,828$21,907,004$119,540,575
98$264,985,651$40,833,489$22,474,394$130,335,991
99$291,842,448$42,662,591$23,055,547$142,179,374
100$321,433,229$44,575,909$23,650,759$155,175,464