Can I retire at age 63 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$767,985$761,144$754,470$747,956$741,595$731,419
2 years$380,191$373,110$366,248$359,594$353,141$342,906
3 years$250,943$243,832$236,987$230,396$224,047$214,072
4 years$186,331$179,242$172,466$165,987$159,792$150,155
5 years$147,575$140,528$133,840$127,494$121,471$112,199
6 years$121,745$114,752$108,163$101,958$96,116$87,219
7 years$103,303$96,368$89,884$83,825$78,168$69,650
8 years$89,478$82,605$76,229$70,319$64,848$56,708
9 years$78,730$71,923$65,656$59,896$54,611$46,845
10 years$70,137$63,396$57,240$51,631$46,532$39,134
11 years$63,111$56,438$50,393$44,934$40,019$32,983
12 years$57,261$50,656$44,723$39,414$34,679$27,997
13 years$52,314$45,778$39,957$34,796$30,241$23,903
14 years$48,077$41,611$35,901$30,888$26,509$20,505
15 years$44,409$38,012$32,414$27,547$23,341$17,661
16 years$41,203$34,876$29,388$24,665$20,629$15,263
17 years$38,376$32,119$26,742$22,162$18,291$13,228
18 years$35,867$29,680$24,412$19,972$16,263$11,491
19 years$33,624$27,507$22,348$18,046$14,496$10,004
20 years$31,608$25,561$20,510$16,344$12,948$8,724
21 years$29,786$23,809$18,865$14,834$11,587$7,620
22 years$28,132$22,225$17,387$13,487$10,386$6,664
23 years$26,625$20,786$16,054$12,283$9,323$5,835
24 years$25,245$19,475$14,847$11,203$8,380$5,114
25 years$23,977$18,277$13,752$10,231$7,541$4,486
26 years$22,809$17,177$12,754$9,355$6,792$3,938
27 years$21,729$16,166$11,843$8,563$6,124$3,459
28 years$20,728$15,233$11,010$7,845$5,526$3,041
29 years$19,797$14,370$10,245$7,194$4,990$2,674
30 years$18,931$13,571$9,543$6,603$4,508$2,352
31 years$18,122$12,829$8,897$6,064$4,076$2,070
32 years$17,365$12,139$8,301$5,573$3,687$1,823
33 years$16,655$11,496$7,751$5,125$3,337$1,605
34 years$15,988$10,896$7,242$4,715$3,021$1,414
35 years$15,361$10,334$6,771$4,341$2,736$1,246
36 years$14,771$9,809$6,334$3,998$2,479$1,098
37 years$14,213$9,316$5,928$3,683$2,247$968
38 years$13,686$8,854$5,551$3,395$2,037$853
39 years$13,187$8,419$5,201$3,130$1,847$752
40 years$12,715$8,010$4,875$2,887$1,676$663
41 years$12,266$7,625$4,571$2,664$1,520$585
42 years$11,840$7,261$4,288$2,458$1,379$516
43 years$11,435$6,919$4,024$2,269$1,252$455
44 years$11,050$6,595$3,777$2,095$1,136$402
45 years$10,682$6,289$3,546$1,935$1,032$354
46 years$10,332$5,999$3,331$1,788$937$312
47 years$9,998$5,725$3,129$1,651$850$276
48 years$9,678$5,466$2,941$1,526$772$243
49 years$9,372$5,219$2,764$1,410$701$215
50 years$9,080$4,986$2,599$1,304$637$189

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,300,000, adding $5,544 every year, while hoping to spend $21,142 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: 38/33/29 Blend
62$9,300,000$9,300,000$9,300,000$9,300,000
63$10,254,319$9,761,419$9,617,269$10,555,279
64$11,277,764$10,217,233$9,916,952$11,233,290
65$12,404,893$10,694,674$10,225,967$11,963,224
66$13,646,257$11,194,779$10,544,602$12,751,726
67$15,013,487$11,718,635$10,873,158$13,604,132
68$16,519,397$12,267,382$11,211,943$14,526,296
69$18,178,107$12,842,215$11,561,274$15,524,639
70$20,005,178$13,444,388$11,921,481$16,606,211
71$22,017,757$14,075,214$12,292,902$17,778,747
72$24,234,739$14,736,070$12,675,885$19,050,741
73$26,676,945$15,428,399$13,070,789$20,431,520
74$29,367,319$16,153,716$13,477,986$21,931,328
75$32,331,144$16,913,608$13,897,858$23,561,415
76$35,596,284$17,709,737$14,330,799$25,334,145
77$39,193,439$18,543,849$14,777,215$27,263,098
78$43,156,444$19,417,772$15,237,526$29,363,202
79$47,522,581$20,333,423$15,712,163$31,650,864
80$52,332,937$21,292,812$16,201,572$34,144,116
81$57,632,784$22,298,048$16,706,213$36,862,786
82$63,472,016$23,351,340$17,226,559$39,828,674
83$69,905,610$24,455,005$17,763,098$43,065,751
84$76,994,155$25,611,472$18,316,333$46,600,379
85$84,804,413$26,823,288$18,886,785$50,461,555
86$93,409,958$28,093,124$19,474,987$54,681,173
87$102,891,867$29,423,781$20,081,492$59,294,320
88$113,339,484$30,818,193$20,706,869$64,339,597
89$124,851,267$32,279,440$21,351,705$69,859,474
90$137,535,713$33,810,749$22,016,604$75,900,686
91$151,512,386$35,415,506$22,702,190$82,514,659
92$166,913,042$37,097,259$23,409,106$89,757,989
93$183,882,877$38,859,729$24,138,016$97,692,966
94$202,581,892$40,706,818$24,889,601$106,388,146
95$223,186,411$42,642,617$25,664,569$115,918,996
96$245,890,737$44,671,418$26,463,644$126,368,584
97$270,908,993$46,797,718$27,287,577$137,828,359
98$298,477,139$49,026,235$28,137,140$150,398,996
99$328,855,203$51,361,916$29,013,129$164,191,335
100$362,329,730$53,809,946$29,916,365$179,327,412