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%11.9%
1 years$825,791$818,435$811,258$804,254$797,414$791,063
2 years$408,807$401,194$393,815$386,660$379,721$373,319
3 years$269,831$262,184$254,824$247,737$240,911$234,656
4 years$200,356$192,733$185,447$178,481$171,819$165,760
5 years$158,683$151,105$143,914$137,090$130,614$124,769
6 years$130,909$123,389$116,304$109,632$103,351$97,726
7 years$111,079$103,622$96,649$90,135$84,052$78,650
8 years$96,213$88,823$81,966$75,612$69,729$64,551
9 years$84,656$77,336$70,598$64,404$58,722$53,765
10 years$75,417$68,168$61,549$55,517$50,034$45,297
11 years$67,862$60,686$54,186$48,317$43,031$38,509
12 years$61,571$54,469$48,089$42,380$37,290$32,979
13 years$56,251$49,224$42,964$37,415$32,517$28,413
14 years$51,696$44,743$38,604$33,213$28,505$24,602
15 years$47,752$40,874$34,854$29,620$25,098$21,391
16 years$44,304$37,501$31,600$26,522$22,181$18,665
17 years$41,265$34,537$28,755$23,830$19,668$16,336
18 years$38,566$31,914$26,250$21,475$17,487$14,334
19 years$36,155$29,577$24,030$19,405$15,587$12,606
20 years$33,987$27,484$22,054$17,575$13,923$11,107
21 years$32,028$25,601$20,285$15,950$12,459$9,803
22 years$30,250$23,897$18,696$14,502$11,168$8,664
23 years$28,629$22,351$17,262$13,208$10,025$7,668
24 years$27,145$20,941$15,965$12,046$9,011$6,794
25 years$25,782$19,652$14,787$11,001$8,108$6,025
26 years$24,525$18,470$13,714$10,059$7,304$5,348
27 years$23,364$17,382$12,734$9,207$6,585$4,750
28 years$22,288$16,379$11,838$8,436$5,942$4,223
29 years$21,288$15,452$11,017$7,736$5,365$3,756
30 years$20,356$14,593$10,262$7,099$4,848$3,342
31 years$19,486$13,795$9,567$6,520$4,383$2,975
32 years$18,672$13,053$8,926$5,992$3,965$2,650
33 years$17,909$12,361$8,334$5,510$3,588$2,361
34 years$17,192$11,716$7,787$5,070$3,248$2,104
35 years$16,518$11,112$7,280$4,667$2,942$1,876
36 years$15,882$10,547$6,810$4,298$2,666$1,673
37 years$15,283$10,017$6,374$3,960$2,416$1,492
38 years$14,716$9,520$5,969$3,650$2,190$1,331
39 years$14,180$9,053$5,593$3,366$1,986$1,188
40 years$13,672$8,613$5,242$3,105$1,802$1,060
41 years$13,189$8,199$4,915$2,864$1,635$946
42 years$12,731$7,808$4,611$2,643$1,483$845
43 years$12,296$7,439$4,327$2,440$1,346$754
44 years$11,881$7,091$4,061$2,253$1,222$673
45 years$11,486$6,762$3,813$2,081$1,109$601
46 years$11,110$6,451$3,582$1,922$1,007$537
47 years$10,750$6,156$3,365$1,776$914$480
48 years$10,406$5,877$3,162$1,641$830$428
49 years$10,078$5,612$2,972$1,516$754$383
50 years$9,763$5,361$2,794$1,402$685$342

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 $3,911 every year, while hoping to spend $41,884 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: 36/38/26 Blend
62$10,000,000$10,000,000$10,000,000$10,000,000
63$11,024,034$10,494,034$10,339,034$11,334,530
64$12,103,921$10,963,678$10,640,828$12,034,360
65$13,292,553$11,454,930$10,951,327$12,785,261
66$14,600,978$11,968,805$11,270,781$13,595,114
67$16,041,368$12,506,367$11,599,442$14,469,238
68$17,627,137$13,068,729$11,937,573$15,413,471
69$19,373,066$13,657,057$12,285,443$16,434,213
70$21,295,440$14,272,574$12,643,326$17,538,487
71$23,412,205$14,916,561$13,011,508$18,733,998
72$25,743,136$15,590,359$13,390,280$20,029,206
73$28,310,023$16,295,373$13,779,941$21,433,396
74$31,136,877$17,033,078$14,180,801$22,956,763
75$34,250,156$17,805,016$14,593,175$24,610,504
76$37,679,014$18,612,805$15,017,389$26,406,919
77$41,455,580$19,458,138$15,453,778$28,359,517
78$45,615,254$20,342,792$15,902,684$30,483,144
79$50,197,048$21,268,627$16,364,462$32,794,113
80$55,243,950$22,237,592$16,839,475$35,310,352
81$60,803,330$23,251,732$17,328,094$38,051,570
82$66,927,388$24,313,185$17,830,704$41,039,432
83$73,673,648$25,424,197$18,347,698$44,297,758
84$81,105,495$26,587,117$18,879,481$47,852,741
85$89,292,780$27,804,411$19,426,468$51,733,187
86$98,312,476$29,078,659$19,989,087$55,970,775
87$108,249,403$30,412,569$20,567,777$60,600,354
88$119,197,032$31,808,975$21,162,987$65,660,255
89$131,258,365$33,270,850$21,775,183$71,192,652
90$144,546,905$34,801,308$22,404,838$77,243,943
91$159,187,732$36,403,615$23,052,444$83,865,183
92$175,318,681$38,081,192$23,718,500$91,112,552
93$193,091,641$39,837,625$24,403,525$99,047,878
94$212,673,992$41,676,673$25,108,046$107,739,202
95$234,250,184$43,602,274$25,832,611$117,261,418
96$258,023,476$45,618,559$26,577,776$127,696,958
97$284,217,856$47,729,854$27,344,117$139,136,563
98$313,080,157$49,940,696$28,132,225$151,680,124
99$344,882,383$52,255,840$28,942,704$165,437,607
100$379,924,279$54,680,270$29,776,178$180,530,084