Can I retire at age 63 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$776,243$769,329$762,583$755,999$749,569$724,127
2 years$384,279$377,122$370,186$363,461$356,938$331,560
3 years$253,641$246,453$239,535$232,873$226,456$201,940
4 years$188,335$181,169$174,320$167,772$161,510$138,043
5 years$149,162$142,039$135,279$128,865$122,778$100,422
6 years$123,055$115,985$109,326$103,054$97,150$75,923
7 years$104,414$97,404$90,850$84,727$79,009$58,908
8 years$90,440$83,494$77,048$71,075$65,545$46,554
9 years$79,577$72,696$66,362$60,540$55,199$37,295
10 years$70,892$64,078$57,856$52,186$47,032$30,186
11 years$63,790$57,045$50,935$45,418$40,449$24,628
12 years$57,876$51,201$45,204$39,837$35,052$20,220
13 years$52,876$46,270$40,386$35,170$30,566$16,684
14 years$48,594$42,058$36,287$31,220$26,794$13,822
15 years$44,887$38,421$32,763$27,843$23,592$11,489
16 years$41,646$35,251$29,704$24,930$20,850$9,575
17 years$38,789$32,465$27,030$22,400$18,487$7,998
18 years$36,252$29,999$24,675$20,187$16,438$6,692
19 years$33,985$27,802$22,588$18,240$14,652$5,609
20 years$31,948$25,835$20,730$16,520$13,087$4,706
21 years$30,106$24,065$19,068$14,993$11,712$3,953
22 years$28,435$22,463$17,574$13,632$10,498$3,323
23 years$26,911$21,010$16,227$12,415$9,423$2,796
24 years$25,516$19,685$15,007$11,323$8,470$2,354
25 years$24,235$18,473$13,899$10,341$7,622$1,983
26 years$23,054$17,362$12,891$9,455$6,865$1,671
27 years$21,962$16,339$11,970$8,655$6,190$1,408
28 years$20,951$15,397$11,128$7,930$5,585$1,188
29 years$20,010$14,525$10,356$7,272$5,043$1,002
30 years$19,134$13,717$9,646$6,674$4,557$845
31 years$18,317$12,967$8,993$6,129$4,120$713
32 years$17,551$12,270$8,390$5,633$3,727$602
33 years$16,834$11,620$7,834$5,180$3,373$508
34 years$16,160$11,013$7,320$4,766$3,054$429
35 years$15,527$10,445$6,843$4,387$2,766$362
36 years$14,929$9,914$6,402$4,041$2,506$305
37 years$14,366$9,416$5,992$3,723$2,271$258
38 years$13,833$8,949$5,611$3,431$2,059$218
39 years$13,329$8,509$5,257$3,164$1,867$184
40 years$12,851$8,096$4,927$2,918$1,694$155
41 years$12,398$7,707$4,620$2,692$1,536$131
42 years$11,968$7,340$4,334$2,485$1,394$111
43 years$11,558$6,993$4,067$2,294$1,265$94
44 years$11,169$6,666$3,818$2,118$1,149$79
45 years$10,797$6,357$3,585$1,956$1,043$67
46 years$10,443$6,064$3,367$1,807$947$56
47 years$10,105$5,787$3,163$1,669$860$48
48 years$9,782$5,524$2,972$1,542$781$40
49 years$9,473$5,275$2,794$1,425$709$34
50 years$9,178$5,039$2,627$1,318$644$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,400,000, adding $4,429 every year, while hoping to spend $27,583 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: 57/31/12 Blend
62$9,400,000$9,400,000$9,400,000$9,400,000
63$10,363,369$9,865,169$9,719,469$10,922,756
64$11,391,084$10,319,214$10,015,723$11,755,321
65$12,522,702$10,794,583$10,320,977$12,658,649
66$13,768,791$11,292,291$10,635,503$13,642,299
67$15,140,998$11,813,403$10,959,583$14,713,966
68$16,652,156$12,359,036$11,293,505$15,882,110
69$18,316,405$12,930,358$11,637,566$17,156,031
70$20,149,328$13,528,595$11,992,074$18,545,954
71$22,168,095$14,155,032$12,357,344$20,063,120
72$24,391,628$14,811,016$12,733,703$21,719,895
73$26,840,777$15,497,958$13,121,484$23,529,874
74$29,538,516$16,217,338$13,521,035$25,508,014
75$32,510,165$16,970,708$13,932,709$27,670,767
76$35,783,621$17,759,692$14,356,874$30,036,231
77$39,389,629$18,585,995$14,793,908$32,624,319
78$43,362,066$19,451,404$15,244,198$35,456,940
79$47,738,264$20,357,790$15,708,147$38,558,202
80$52,559,362$21,307,117$16,186,165$41,954,636
81$57,870,694$22,301,443$16,678,679$45,675,440
82$63,722,216$23,342,924$17,186,125$49,752,749
83$70,168,977$24,433,823$17,708,956$54,221,933
84$77,271,641$25,576,509$18,247,634$59,121,926
85$85,097,058$26,773,467$18,802,640$64,495,588
86$93,718,895$28,027,304$19,374,465$70,390,098
87$103,218,330$29,340,749$19,963,617$76,857,400
88$113,684,820$30,716,667$20,570,619$83,954,683
89$125,216,947$32,158,058$21,196,009$91,744,910
90$137,923,343$33,668,071$21,840,343$100,297,412
91$151,923,721$35,250,003$22,504,192$109,688,529
92$167,350,001$36,907,315$23,188,143$120,002,323
93$184,347,560$38,643,631$23,892,804$131,331,364
94$203,076,596$40,462,755$24,618,799$143,777,596
95$223,713,651$42,368,671$25,366,770$157,453,285
96$246,453,267$44,365,560$26,137,380$172,482,073
97$271,509,830$46,457,802$26,931,312$189,000,135
98$299,119,589$48,649,991$27,749,268$207,157,450
99$329,542,891$50,946,944$28,591,972$227,119,206
100$363,066,631$53,353,710$29,460,169$249,067,350