Can I retire at age 63 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$784,501$777,513$770,696$764,041$757,543$743,770
2 years$388,367$381,134$374,124$367,327$360,735$346,908
3 years$256,339$249,075$242,083$235,350$228,865$215,415
4 years$190,339$183,097$176,174$169,557$163,228$150,259
5 years$150,748$143,550$136,719$130,236$124,084$111,632
6 years$124,364$117,219$110,489$104,151$98,183$86,263
7 years$105,525$98,441$91,817$85,628$79,849$68,464
8 years$91,402$84,382$77,868$71,831$66,243$55,389
9 years$80,423$73,470$67,068$61,184$55,786$45,458
10 years$71,646$64,760$58,471$52,741$47,532$37,721
11 years$64,469$57,652$51,477$45,901$40,879$31,573
12 years$58,492$51,745$45,685$40,261$35,425$26,611
13 years$53,439$46,763$40,816$35,545$30,891$22,556
14 years$49,111$42,506$36,673$31,552$27,079$19,208
15 years$45,364$38,830$33,111$28,139$23,843$16,419
16 years$42,089$35,626$30,020$25,196$21,072$14,081
17 years$39,201$32,810$27,317$22,638$18,684$12,108
18 years$36,638$30,318$24,937$20,401$16,613$10,435
19 years$34,347$28,098$22,829$18,434$14,808$9,011
20 years$32,287$26,110$20,951$16,696$13,226$7,795
21 years$30,427$24,321$19,271$15,153$11,836$6,752
22 years$28,737$22,702$17,761$13,777$10,609$5,855
23 years$27,197$21,233$16,399$12,547$9,524$5,083
24 years$25,787$19,894$15,167$11,444$8,560$4,417
25 years$24,492$18,670$14,047$10,451$7,703$3,841
26 years$23,299$17,546$13,028$9,556$6,938$3,342
27 years$22,196$16,513$12,098$8,747$6,256$2,910
28 years$21,173$15,560$11,246$8,014$5,644$2,535
29 years$20,223$14,679$10,466$7,349$5,097$2,210
30 years$19,338$13,863$9,748$6,745$4,605$1,926
31 years$18,511$13,105$9,088$6,194$4,164$1,680
32 years$17,738$12,400$8,479$5,693$3,766$1,466
33 years$17,013$11,743$7,917$5,235$3,408$1,279
34 years$16,332$11,130$7,397$4,817$3,086$1,116
35 years$15,692$10,557$6,916$4,434$2,795$975
36 years$15,088$10,020$6,470$4,084$2,533$851
37 years$14,519$9,516$6,056$3,762$2,295$743
38 years$13,980$9,044$5,671$3,468$2,081$649
39 years$13,471$8,600$5,313$3,198$1,887$567
40 years$12,988$8,182$4,980$2,949$1,712$495
41 years$12,530$7,789$4,670$2,721$1,553$433
42 years$12,095$7,418$4,380$2,511$1,409$378
43 years$11,681$7,068$4,110$2,318$1,279$330
44 years$11,287$6,737$3,858$2,140$1,161$289
45 years$10,912$6,424$3,623$1,977$1,054$252
46 years$10,554$6,128$3,403$1,826$957$220
47 years$10,213$5,848$3,197$1,687$869$193
48 years$9,886$5,583$3,004$1,559$789$168
49 years$9,574$5,332$2,823$1,441$717$147
50 years$9,275$5,093$2,654$1,332$651$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,500,000, adding $3,907 every year, while hoping to spend $25,123 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: 69/18/13 Blend
62$9,500,000$9,500,000$9,500,000$9,500,000
63$10,473,030$9,969,530$9,822,280$11,165,265
64$11,514,548$10,431,306$10,124,596$12,087,595
65$12,661,460$10,914,868$10,436,197$13,092,925
66$13,924,487$11,421,255$10,757,368$14,192,146
67$15,315,448$11,951,559$11,088,403$15,394,487
68$16,847,362$12,506,924$11,429,603$16,710,108
69$18,534,579$13,088,549$11,781,281$18,150,185
70$20,392,908$13,697,690$12,143,756$19,727,022
71$22,439,773$14,335,665$12,517,360$21,454,160
72$24,694,372$15,003,855$12,902,433$23,346,503
73$27,177,860$15,703,706$13,299,327$25,420,459
74$29,913,551$16,436,738$13,708,404$27,694,089
75$32,927,135$17,204,539$14,130,037$30,187,279
76$36,246,920$18,008,779$14,564,611$32,921,919
77$39,904,101$18,851,204$15,012,520$35,922,115
78$43,933,055$19,733,648$15,474,175$39,214,404
79$48,371,662$20,658,033$15,949,995$42,828,012
80$53,261,666$21,626,371$16,440,415$46,795,117
81$58,649,067$22,640,775$16,945,880$51,151,157
82$64,584,557$23,703,458$17,466,852$55,935,155
83$71,123,996$24,816,741$18,003,805$61,190,088
84$78,328,939$25,983,056$18,557,229$66,963,289
85$86,267,221$27,204,956$19,127,626$73,306,885
86$95,013,592$28,485,114$19,715,516$80,278,291
87$104,650,427$29,826,334$20,321,435$87,940,745
88$115,268,502$31,231,555$20,945,934$96,363,898
89$126,967,847$32,703,859$21,589,581$105,624,472
90$139,858,697$34,246,478$22,252,961$115,806,975
91$154,062,529$35,862,799$22,936,680$127,004,497
92$169,713,205$37,556,375$23,641,357$139,319,579
93$186,958,244$39,330,930$24,367,635$152,865,180
94$205,960,207$41,190,368$25,116,173$167,765,734
95$226,898,236$43,138,783$25,887,652$184,158,323
96$249,969,741$45,180,468$26,682,773$202,193,957
97$275,392,268$47,319,925$27,502,259$222,039,002
98$303,405,550$49,561,871$28,346,855$243,876,737
99$334,273,769$51,911,256$29,217,328$267,909,079
100$368,288,053$54,373,268$30,114,469$294,358,481