Can I retire at age 63 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$809,275$802,066$795,033$788,169$781,466$763,815
2 years$400,631$393,170$385,938$378,927$372,127$354,439
3 years$264,434$256,941$249,728$242,782$236,092$218,919
4 years$196,349$188,879$181,738$174,911$168,383$151,857
5 years$155,509$148,083$141,036$134,348$128,002$112,170
6 years$128,291$120,921$113,978$107,440$101,284$86,162
7 years$108,857$101,549$94,716$88,332$82,371$67,961
8 years$94,288$87,047$80,327$74,099$68,335$54,632
9 years$82,963$75,790$69,186$63,116$57,548$44,542
10 years$73,908$66,805$60,318$54,407$49,033$36,711
11 years$66,505$59,472$53,103$47,350$42,170$30,515
12 years$60,339$53,379$47,127$41,533$36,544$25,536
13 years$55,126$48,239$42,105$36,667$31,867$21,488
14 years$50,662$43,848$37,832$32,549$27,934$18,162
15 years$46,797$40,056$34,157$29,028$24,596$15,407
16 years$43,418$36,751$30,968$25,991$21,738$13,111
17 years$40,439$33,846$28,180$23,353$19,274$11,185
18 years$37,795$31,275$25,725$21,046$17,138$9,563
19 years$35,431$28,986$23,550$19,017$15,275$8,191
20 years$33,307$26,935$21,613$17,223$13,644$7,026
21 years$31,388$25,089$19,879$15,631$12,210$6,035
22 years$29,645$23,419$18,322$14,212$10,944$5,190
23 years$28,056$21,904$16,917$12,943$9,824$4,467
24 years$26,602$20,522$15,645$11,805$8,830$3,848
25 years$25,266$19,259$14,491$10,781$7,946$3,317
26 years$24,035$18,101$13,440$9,858$7,157$2,861
27 years$22,897$17,035$12,480$9,023$6,453$2,469
28 years$21,842$16,052$11,602$8,267$5,823$2,132
29 years$20,862$15,143$10,796$7,581$5,258$1,841
30 years$19,949$14,301$10,056$6,958$4,751$1,591
31 years$19,096$13,519$9,375$6,390$4,295$1,375
32 years$18,298$12,792$8,747$5,872$3,885$1,189
33 years$17,550$12,114$8,167$5,400$3,516$1,028
34 years$16,848$11,481$7,631$4,969$3,183$889
35 years$16,187$10,890$7,135$4,574$2,883$769
36 years$15,565$10,336$6,674$4,213$2,612$665
37 years$14,977$9,817$6,247$3,881$2,368$575
38 years$14,422$9,330$5,850$3,577$2,147$498
39 years$13,896$8,872$5,481$3,299$1,947$431
40 years$13,398$8,441$5,137$3,042$1,766$373
41 years$12,926$8,035$4,817$2,807$1,602$323
42 years$12,477$7,652$4,519$2,591$1,454$279
43 years$12,050$7,291$4,240$2,391$1,319$242
44 years$11,644$6,950$3,980$2,208$1,197$209
45 years$11,257$6,627$3,737$2,039$1,087$181
46 years$10,888$6,322$3,510$1,884$987$157
47 years$10,535$6,033$3,298$1,740$896$136
48 years$10,198$5,759$3,099$1,608$814$117
49 years$9,876$5,500$2,913$1,486$739$102
50 years$9,568$5,254$2,738$1,374$671$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,800,000, adding $6,192 every year, while hoping to spend $56,946 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: 41/50/9 Blend
62$9,800,000$9,800,000$9,800,000$9,800,000
63$10,805,987$10,286,587$10,134,687$11,219,911
64$11,847,608$10,730,040$10,413,609$11,953,715
65$12,993,565$11,193,313$10,699,966$12,741,236
66$14,254,441$11,677,318$10,993,948$13,592,267
67$15,641,896$12,183,008$11,295,747$14,512,594
68$17,168,777$12,711,383$11,605,561$15,508,564
69$18,849,238$13,263,487$11,923,594$16,587,141
70$20,698,878$13,840,416$12,250,052$17,755,964
71$22,734,883$14,443,315$12,585,148$19,023,421
72$24,976,188$15,073,385$12,929,098$20,398,716
73$27,443,661$15,731,882$13,282,124$21,891,958
74$30,160,293$16,420,123$13,644,454$23,514,245
75$33,151,418$17,139,485$14,016,319$25,277,770
76$36,444,954$17,891,411$14,397,956$27,195,925
77$40,071,662$18,677,412$14,789,610$29,283,423
78$44,065,437$19,499,071$15,191,528$31,556,433
79$48,463,631$20,358,044$15,603,963$34,032,724
80$53,307,401$21,256,069$16,027,176$36,731,826
81$58,642,101$22,194,962$16,461,432$39,675,209
82$64,517,708$23,176,626$16,907,002$42,886,478
83$70,989,290$24,203,057$17,364,162$46,391,585
84$78,117,533$25,276,343$17,833,198$50,219,072
85$85,969,308$26,398,670$18,314,397$54,400,327
86$94,618,304$27,572,331$18,808,055$58,969,872
87$104,145,721$28,799,726$19,314,475$63,965,685
88$114,641,039$30,083,367$19,833,965$69,429,540
89$126,202,863$31,425,889$20,366,840$75,407,400
90$138,939,848$32,830,051$20,913,422$81,949,835
91$152,971,731$34,298,742$21,474,040$89,112,491
92$168,430,456$35,834,989$22,049,030$96,956,603
93$185,461,424$37,441,965$22,638,733$105,549,559
94$204,224,858$39,122,990$23,243,499$114,965,530
95$224,897,323$40,881,546$23,863,686$125,286,148
96$247,673,388$42,721,280$24,499,658$136,601,271
97$272,767,462$44,646,011$25,151,785$149,009,812
98$300,415,821$46,659,743$25,820,447$162,620,660
99$330,878,834$48,766,670$26,506,031$177,553,690
100$364,443,423$50,971,185$27,208,931$193,940,883