Can I retire at age 63 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$825,791$818,435$811,258$804,254$797,414$777,191
2 years$408,807$401,194$393,815$386,660$379,721$359,478
3 years$269,831$262,184$254,824$247,737$240,911$221,280
4 years$200,356$192,733$185,447$178,481$171,819$152,953
5 years$158,683$151,105$143,914$137,090$130,614$112,565
6 years$130,909$123,389$116,304$109,632$103,351$86,135
7 years$111,079$103,622$96,649$90,135$84,052$67,672
8 years$96,213$88,823$81,966$75,612$69,729$54,178
9 years$84,656$77,336$70,598$64,404$58,722$43,986
10 years$75,417$68,168$61,549$55,517$50,034$36,096
11 years$67,862$60,686$54,186$48,317$43,031$29,870
12 years$61,571$54,469$48,089$42,380$37,290$24,882
13 years$56,251$49,224$42,964$37,415$32,517$20,839
14 years$51,696$44,743$38,604$33,213$28,505$17,529
15 years$47,752$40,874$34,854$29,620$25,098$14,798
16 years$44,304$37,501$31,600$26,522$22,181$12,530
17 years$41,265$34,537$28,755$23,830$19,668$10,635
18 years$38,566$31,914$26,250$21,475$17,487$9,046
19 years$36,155$29,577$24,030$19,405$15,587$7,708
20 years$33,987$27,484$22,054$17,575$13,923$6,577
21 years$32,028$25,601$20,285$15,950$12,459$5,619
22 years$30,250$23,897$18,696$14,502$11,168$4,806
23 years$28,629$22,351$17,262$13,208$10,025$4,114
24 years$27,145$20,941$15,965$12,046$9,011$3,524
25 years$25,782$19,652$14,787$11,001$8,108$3,021
26 years$24,525$18,470$13,714$10,059$7,304$2,591
27 years$23,364$17,382$12,734$9,207$6,585$2,224
28 years$22,288$16,379$11,838$8,436$5,942$1,909
29 years$21,288$15,452$11,017$7,736$5,365$1,639
30 years$20,356$14,593$10,262$7,099$4,848$1,408
31 years$19,486$13,795$9,567$6,520$4,383$1,210
32 years$18,672$13,053$8,926$5,992$3,965$1,040
33 years$17,909$12,361$8,334$5,510$3,588$894
34 years$17,192$11,716$7,787$5,070$3,248$769
35 years$16,518$11,112$7,280$4,667$2,942$661
36 years$15,882$10,547$6,810$4,298$2,666$568
37 years$15,283$10,017$6,374$3,960$2,416$489
38 years$14,716$9,520$5,969$3,650$2,190$420
39 years$14,180$9,053$5,593$3,366$1,986$362
40 years$13,672$8,613$5,242$3,105$1,802$311
41 years$13,189$8,199$4,915$2,864$1,635$268
42 years$12,731$7,808$4,611$2,643$1,483$230
43 years$12,296$7,439$4,327$2,440$1,346$198
44 years$11,881$7,091$4,061$2,253$1,222$170
45 years$11,486$6,762$3,813$2,081$1,109$147
46 years$11,110$6,451$3,582$1,922$1,007$126
47 years$10,750$6,156$3,365$1,776$914$109
48 years$10,406$5,877$3,162$1,641$830$93
49 years$10,078$5,612$2,972$1,516$754$80
50 years$9,763$5,361$2,794$1,402$685$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,000,000, adding $3,406 every year, while hoping to spend $21,429 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: 67/15/18 Blend
62$10,000,000$10,000,000$10,000,000$10,000,000
63$11,023,513$10,493,513$10,338,513$11,713,242
64$12,125,111$10,984,895$10,662,053$12,666,253
65$13,338,354$11,499,637$10,995,713$13,705,163
66$14,674,607$12,038,859$11,339,811$14,840,691
67$16,146,393$12,603,740$11,694,671$16,082,331
68$17,767,514$13,195,511$12,060,630$17,440,528
69$19,553,175$13,815,467$12,438,037$18,926,779
70$21,520,136$14,464,961$12,827,247$20,553,736
71$23,686,861$15,145,416$13,228,632$22,335,326
72$26,073,700$15,858,320$13,642,570$24,286,878
73$28,703,076$16,605,236$14,069,455$26,425,267
74$31,599,699$17,387,802$14,509,690$28,769,071
75$34,790,798$18,207,734$14,963,695$31,338,742
76$38,306,379$19,066,833$15,431,898$34,156,797
77$42,179,507$19,966,985$15,914,744$37,248,031
78$46,446,619$20,910,170$16,412,691$40,639,741
79$51,147,869$21,898,462$16,926,210$44,361,990
80$56,327,501$22,934,037$17,455,788$48,447,879
81$62,034,277$24,019,176$18,001,928$52,933,861
82$68,321,927$25,156,269$18,565,146$57,860,081
83$75,249,663$26,347,825$19,145,977$63,270,751
84$82,882,732$27,596,472$19,744,972$69,214,563
85$91,293,039$28,904,968$20,362,697$75,745,146
86$100,559,820$30,276,202$20,999,738$82,921,566
87$110,770,392$31,713,206$21,656,699$90,808,883
88$122,020,977$33,219,158$22,334,203$99,478,756
89$134,417,609$34,797,389$23,032,891$109,010,121
90$148,077,138$36,451,394$23,753,426$119,489,924
91$163,128,330$38,184,837$24,496,490$131,013,942
92$179,713,085$40,001,559$25,262,788$143,687,681
93$197,987,773$41,905,589$26,053,045$157,627,365
94$218,124,714$43,901,151$26,868,010$172,961,028
95$240,313,802$45,992,674$27,708,455$189,829,717
96$264,764,298$48,184,804$28,575,177$208,388,818
97$291,706,808$50,482,410$29,468,997$228,809,514
98$321,395,454$52,890,601$30,390,760$251,280,397
99$354,110,281$55,414,731$31,341,341$276,009,240
100$390,159,894$58,060,417$32,321,641$303,224,948