Can I retire at age 63 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$743,212$736,591$730,133$723,828$717,673$699,188
2 years$367,927$361,074$354,433$347,994$341,749$323,249
3 years$242,848$235,966$229,342$222,963$216,820$198,883
4 years$180,321$173,460$166,902$160,633$154,638$137,403
5 years$142,814$135,995$129,523$123,381$117,553$101,067
6 years$117,818$111,050$104,674$98,669$93,016$77,295
7 years$99,971$93,260$86,984$81,121$75,647$60,693
8 years$86,591$79,941$73,770$68,051$62,756$48,562
9 years$76,191$69,603$63,538$57,964$52,850$39,402
10 years$67,875$61,351$55,394$49,966$45,031$32,314
11 years$61,076$54,618$48,768$43,485$38,728$26,723
12 years$55,414$49,022$43,280$38,142$33,561$22,247
13 years$50,626$44,301$38,668$33,674$29,266$18,619
14 years$46,527$40,269$34,743$29,892$25,654$15,651
15 years$42,977$36,786$31,369$26,658$22,588$13,204
16 years$39,873$33,751$28,440$23,870$19,963$11,172
17 years$37,138$31,083$25,879$21,447$17,701$9,476
18 years$34,710$28,722$23,625$19,328$15,739$8,054
19 years$32,539$26,619$21,627$17,464$14,028$6,857
20 years$30,588$24,736$19,848$15,817$12,530$5,847
21 years$28,825$23,041$18,257$14,355$11,213$4,991
22 years$27,225$21,508$16,826$13,052$10,051$4,266
23 years$25,766$20,116$15,536$11,887$9,022$3,649
24 years$24,430$18,847$14,368$10,841$8,110$3,123
25 years$23,203$17,687$13,308$9,901$7,297$2,675
26 years$22,073$16,623$12,342$9,053$6,573$2,293
27 years$21,028$15,644$11,461$8,286$5,926$1,966
28 years$20,059$14,741$10,654$7,592$5,347$1,686
29 years$19,159$13,907$9,915$6,962$4,829$1,447
30 years$18,320$13,133$9,235$6,390$4,363$1,242
31 years$17,537$12,416$8,610$5,868$3,944$1,066
32 years$16,804$11,748$8,033$5,393$3,568$916
33 years$16,118$11,125$7,501$4,959$3,229$786
34 years$15,473$10,544$7,008$4,563$2,924$676
35 years$14,866$10,001$6,552$4,201$2,648$580
36 years$14,294$9,492$6,129$3,869$2,399$499
37 years$13,754$9,016$5,737$3,564$2,175$429
38 years$13,244$8,568$5,372$3,285$1,971$368
39 years$12,762$8,147$5,033$3,029$1,788$317
40 years$12,304$7,752$4,718$2,794$1,622$272
41 years$11,870$7,379$4,424$2,578$1,471$234
42 years$11,458$7,027$4,150$2,379$1,335$201
43 years$11,066$6,696$3,894$2,196$1,211$173
44 years$10,693$6,382$3,655$2,028$1,100$149
45 years$10,338$6,086$3,432$1,873$998$128
46 years$9,999$5,806$3,223$1,730$906$110
47 years$9,675$5,541$3,028$1,598$823$94
48 years$9,366$5,289$2,846$1,477$747$81
49 years$9,070$5,051$2,675$1,365$679$70
50 years$8,787$4,825$2,515$1,262$617$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,000,000, adding $4,335 every year, while hoping to spend $50,050 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: 40/37/23 Blend
62$9,000,000$9,000,000$9,000,000$9,000,000
63$9,922,472$9,445,472$9,305,972$10,251,674
64$10,881,311$9,855,047$9,564,469$10,898,592
65$11,936,274$10,283,014$9,829,948$11,592,944
66$13,097,114$10,730,221$10,102,591$12,343,140
67$14,374,574$11,197,556$10,382,582$13,154,306
68$15,780,494$11,685,950$10,670,112$14,032,066
69$17,327,919$12,196,376$10,965,376$14,982,595
70$19,031,222$12,729,855$11,268,572$16,012,671
71$20,906,242$13,287,453$11,579,904$17,129,740
72$22,970,430$13,870,289$11,899,582$18,341,979
73$25,243,015$14,479,534$12,227,819$19,658,367
74$27,745,186$15,116,415$12,564,834$21,088,775
75$30,500,291$15,782,215$12,910,852$22,644,045
76$33,534,058$16,478,280$13,266,103$24,336,095
77$36,874,834$17,206,019$13,630,820$26,178,024
78$40,553,860$17,966,906$14,005,245$28,184,231
79$44,605,556$18,762,488$14,389,623$30,370,550
80$49,067,855$19,594,381$14,784,208$32,754,386
81$53,982,553$20,464,283$15,189,255$35,354,885
82$59,395,708$21,373,967$15,605,030$38,193,101
83$65,358,073$22,325,294$16,031,801$41,292,191
84$71,925,575$23,320,213$16,469,845$44,677,631
85$79,159,844$24,360,763$16,919,445$48,377,445
86$87,128,790$25,449,083$17,380,889$52,422,468
87$95,907,250$26,587,412$17,854,472$56,846,627
88$105,577,690$27,778,095$18,340,498$61,687,256
89$116,230,984$29,023,591$18,839,274$66,985,439
90$127,967,271$30,326,474$19,351,116$72,786,392
91$140,896,903$31,689,441$19,876,348$79,139,883
92$155,141,481$33,115,318$20,415,300$86,100,689
93$170,835,009$34,607,065$20,968,310$93,729,107
94$188,125,153$36,167,785$21,535,721$102,091,516
95$207,174,639$37,800,726$22,117,888$111,260,990
96$228,162,785$39,509,295$22,715,170$121,317,981
97$251,287,196$41,297,057$23,327,935$132,351,064
98$276,765,629$43,167,752$23,956,560$144,457,769
99$304,838,047$45,125,296$24,601,429$157,745,482
100$335,768,885$47,173,793$25,262,934$172,332,452