Can I retire at age 63 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$817,533$810,251$803,146$796,211$789,440$773,501
2 years$404,719$397,182$389,877$382,794$375,924$359,935
3 years$267,133$259,563$252,276$245,260$238,501$222,962
4 years$198,353$190,806$183,592$176,696$170,101$155,131
5 years$157,096$149,594$142,475$135,719$129,308$114,950
6 years$129,600$122,155$115,141$108,536$102,317$88,586
7 years$109,968$102,586$95,683$89,233$83,211$70,110
8 years$95,251$87,935$81,147$74,856$69,032$56,557
9 years$83,810$76,563$69,892$63,760$58,135$46,278
10 years$74,662$67,487$60,933$54,962$49,534$38,283
11 years$67,183$60,079$53,644$47,833$42,601$31,943
12 years$60,955$53,924$47,608$41,956$36,917$26,836
13 years$55,689$48,731$42,535$37,041$32,192$22,671
14 years$51,179$44,296$38,218$32,881$28,219$19,240
15 years$47,274$40,465$34,505$29,324$24,847$16,391
16 years$43,861$37,126$31,284$26,257$21,960$14,007
17 years$40,852$34,191$28,467$23,591$19,471$12,001
18 years$38,180$31,594$25,987$21,261$17,313$10,306
19 years$35,793$29,281$23,790$19,211$15,431$8,867
20 years$33,647$27,210$21,833$17,399$13,783$7,641
21 years$31,708$25,345$20,082$15,791$12,335$6,593
22 years$29,947$23,658$18,509$14,357$11,056$5,696
23 years$28,342$22,127$17,090$13,076$9,925$4,926
24 years$26,873$20,732$15,805$11,926$8,920$4,263
25 years$25,524$19,456$14,639$10,891$8,027$3,693
26 years$24,280$18,285$13,577$9,958$7,231$3,201
27 years$23,131$17,209$12,607$9,115$6,519$2,775
28 years$22,065$16,216$11,720$8,351$5,882$2,408
29 years$21,075$15,297$10,906$7,658$5,311$2,090
30 years$20,152$14,447$10,159$7,029$4,799$1,815
31 years$19,291$13,657$9,471$6,455$4,339$1,576
32 years$18,485$12,922$8,836$5,932$3,925$1,369
33 years$17,729$12,238$8,251$5,455$3,552$1,190
34 years$17,020$11,599$7,709$5,019$3,216$1,034
35 years$16,352$11,001$7,207$4,621$2,913$899
36 years$15,723$10,442$6,742$4,255$2,639$782
37 years$15,130$9,917$6,311$3,921$2,392$680
38 years$14,569$9,425$5,910$3,614$2,169$591
39 years$14,038$8,962$5,537$3,332$1,966$514
40 years$13,535$8,527$5,190$3,074$1,784$447
41 years$13,058$8,117$4,866$2,836$1,618$389
42 years$12,604$7,730$4,565$2,617$1,468$338
43 years$12,173$7,365$4,283$2,416$1,333$294
44 years$11,763$7,020$4,021$2,231$1,210$256
45 years$11,372$6,695$3,775$2,060$1,098$223
46 years$10,999$6,386$3,546$1,903$997$194
47 years$10,643$6,095$3,331$1,758$905$169
48 years$10,302$5,818$3,130$1,624$822$147
49 years$9,977$5,556$2,942$1,501$747$128
50 years$9,666$5,307$2,766$1,388$678$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $9,900,000, adding $6,777 every year, while hoping to spend $41,570 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: 47/41/12 Blend
62$9,900,000$9,900,000$9,900,000$9,900,000
63$10,916,790$10,392,090$10,238,640$11,393,069
64$11,986,073$10,857,073$10,537,405$12,187,621
65$13,163,029$11,343,446$10,844,784$13,044,619
66$14,458,597$11,852,214$11,161,024$13,973,786
67$15,884,831$12,384,430$11,486,376$14,981,847
68$17,455,012$12,941,195$11,821,097$16,076,188
69$19,183,774$13,523,664$12,165,454$17,264,918
70$21,087,243$14,133,047$12,519,721$18,556,943
71$23,183,187$14,770,612$12,884,177$19,962,048
72$25,491,186$15,437,687$13,259,111$21,490,979
73$28,032,816$16,135,662$13,644,821$23,155,547
74$30,831,851$16,865,996$14,041,609$24,968,731
75$33,914,487$17,630,217$14,449,790$26,944,795
76$37,309,592$18,429,926$14,869,686$29,099,419
77$41,048,976$19,266,798$15,301,626$31,449,841
78$45,167,693$20,142,592$15,745,951$34,015,014
79$49,704,367$21,059,149$16,203,011$36,815,781
80$54,701,564$22,018,399$16,673,163$39,875,061
81$60,206,187$23,022,364$17,156,777$43,218,064
82$66,269,921$24,073,162$17,654,232$46,872,516
83$72,949,720$25,173,015$18,165,917$50,868,922
84$80,308,348$26,324,249$18,692,231$55,240,838
85$88,414,965$27,529,302$19,233,586$60,025,186
86$97,345,785$28,790,731$19,790,405$65,262,592
87$107,184,792$30,111,214$20,363,120$70,997,761
88$118,024,534$31,493,557$20,952,178$77,279,888
89$129,966,997$32,940,702$21,558,037$84,163,120
90$143,124,566$34,455,732$22,181,166$91,707,049
91$157,621,087$36,041,878$22,822,050$99,977,270
92$173,593,033$37,702,526$23,481,185$109,045,986
93$191,190,799$39,441,225$24,159,080$118,992,682
94$210,580,111$41,261,696$24,856,261$129,904,859
95$231,943,601$43,167,838$25,573,264$141,878,855
96$255,482,522$45,163,736$26,310,642$155,020,732
97$281,418,655$47,253,674$27,068,964$169,447,272
98$309,996,396$49,442,143$27,848,813$185,287,062
99$341,485,068$51,733,847$28,650,787$202,681,693
100$376,181,459$54,133,719$29,475,503$221,787,081