Can I retire at age 63 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$801,017$793,882$786,921$780,126$773,492$766,371
2 years$396,543$389,158$382,000$375,061$368,329$361,155
3 years$261,736$254,319$247,180$240,305$233,683$226,678
4 years$194,346$186,951$179,883$173,126$166,665$159,882
5 years$153,922$146,572$139,597$132,978$126,696$120,156
6 years$126,982$119,687$112,815$106,343$100,250$93,961
7 years$107,746$100,513$93,750$87,431$81,530$75,495
8 years$93,326$86,158$79,507$73,343$67,637$61,855
9 years$82,117$75,016$68,480$62,472$56,960$51,430
10 years$73,154$66,123$59,702$53,852$48,533$43,251
11 years$65,826$58,866$52,561$46,867$41,740$36,702
12 years$59,723$52,835$46,646$41,109$36,171$31,372
13 years$54,564$47,747$41,675$36,293$31,542$26,976
14 years$50,145$43,401$37,446$32,217$27,649$23,312
15 years$46,319$39,647$33,808$28,732$24,345$20,229
16 years$42,975$36,376$30,652$25,726$21,516$17,615
17 years$40,027$33,501$27,892$23,115$19,078$15,384
18 years$37,409$30,956$25,462$20,831$16,963$13,470
19 years$35,070$28,690$23,309$18,823$15,119$11,821
20 years$32,967$26,660$21,392$17,047$13,505$10,392
21 years$31,067$24,833$19,677$15,472$12,085$9,152
22 years$29,342$23,180$18,135$14,067$10,833$8,071
23 years$27,770$21,680$16,744$12,811$9,724$7,126
24 years$26,330$20,313$15,486$11,685$8,740$6,299
25 years$25,008$19,063$14,343$10,671$7,865$5,573
26 years$23,790$17,916$13,302$9,757$7,084$4,935
27 years$22,663$16,861$12,352$8,931$6,387$4,374
28 years$21,619$15,888$11,483$8,183$5,763$3,878
29 years$20,649$14,988$10,686$7,504$5,204$3,441
30 years$19,745$14,155$9,954$6,887$4,702$3,055
31 years$18,901$13,381$9,280$6,325$4,251$2,713
32 years$18,111$12,661$8,658$5,813$3,846$2,410
33 years$17,371$11,990$8,084$5,345$3,480$2,142
34 years$16,676$11,364$7,553$4,918$3,151$1,905
35 years$16,022$10,779$7,062$4,527$2,854$1,694
36 years$15,406$10,231$6,606$4,170$2,586$1,507
37 years$14,824$9,717$6,183$3,842$2,344$1,340
38 years$14,275$9,234$5,790$3,541$2,125$1,193
39 years$13,754$8,781$5,425$3,265$1,927$1,062
40 years$13,261$8,354$5,085$3,011$1,748$945
41 years$12,794$7,953$4,768$2,778$1,586$841
42 years$12,350$7,574$4,472$2,564$1,439$749
43 years$11,927$7,216$4,197$2,367$1,306$667
44 years$11,525$6,879$3,939$2,186$1,185$594
45 years$11,142$6,559$3,699$2,018$1,076$529
46 years$10,776$6,257$3,474$1,864$977$471
47 years$10,428$5,971$3,264$1,723$887$420
48 years$10,094$5,701$3,067$1,592$806$374
49 years$9,776$5,444$2,883$1,471$732$333
50 years$9,471$5,200$2,710$1,360$665$297

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,700,000, adding $3,088 every year, while hoping to spend $59,295 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: 66/10/24 Blend
62$9,700,000$9,700,000$9,700,000$9,700,000
63$10,692,585$10,178,485$10,028,135$11,331,777
64$11,720,140$10,614,142$10,300,988$12,197,836
65$12,850,517$11,069,158$10,580,995$13,137,326
66$14,094,143$11,544,420$10,868,331$14,163,130
67$15,462,505$12,040,855$11,163,179$15,283,747
68$16,968,258$12,559,435$11,465,724$16,508,528
69$18,625,348$13,101,175$11,776,153$17,847,771
70$20,449,141$13,667,140$12,094,662$19,312,811
71$22,456,567$14,258,444$12,421,446$20,916,128
72$24,666,281$14,876,252$12,756,709$22,671,462
73$27,098,839$15,521,785$13,100,656$24,593,944
74$29,776,891$16,196,323$13,453,499$26,700,233
75$32,725,394$16,901,203$13,815,451$29,008,676
76$35,971,849$17,637,827$14,186,734$31,539,477
77$39,546,559$18,407,662$14,567,571$34,314,886
78$43,482,916$19,212,245$14,958,192$37,359,405
79$47,817,713$20,053,185$15,358,831$40,700,025
80$52,591,494$20,932,166$15,769,727$44,366,470
81$57,848,938$21,850,953$16,191,124$48,391,480
82$63,639,273$22,811,393$16,623,270$52,811,116
83$70,016,750$23,815,422$17,066,420$57,665,103
84$77,041,147$24,865,067$17,520,834$62,997,195
85$84,778,337$25,962,448$17,986,775$68,855,592
86$93,300,908$27,109,789$18,464,513$75,293,389
87$102,688,851$28,309,418$18,954,324$82,369,077
88$113,030,307$29,563,774$19,456,488$90,147,089
89$124,422,409$30,875,409$19,971,290$98,698,411
90$136,972,190$32,246,999$20,499,024$108,101,243
91$150,797,598$33,681,346$21,039,985$118,441,738
92$166,028,606$35,181,385$21,594,478$129,814,814
93$182,808,440$36,750,190$22,162,810$142,325,040
94$201,294,933$38,390,981$22,745,296$156,087,627
95$221,662,009$40,107,132$23,342,256$171,229,507
96$244,101,329$41,902,177$23,954,017$187,890,532
97$268,824,098$43,779,817$24,580,910$206,224,786
98$296,063,060$45,743,932$25,223,274$226,402,039
99$326,074,691$47,798,583$25,881,452$248,609,344
100$359,141,624$49,948,028$26,555,795$273,052,798