Can I retire at age 63 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$834,049$826,619$819,371$812,296$805,388$794,337
2 years$412,895$405,206$397,753$390,527$383,518$372,403
3 years$272,529$264,806$257,372$250,214$243,320$232,487
4 years$202,360$194,661$187,301$180,265$173,538$163,071
5 years$160,269$152,616$145,353$138,461$131,921$121,850
6 years$132,218$124,623$117,467$110,728$104,384$94,722
7 years$112,190$104,658$97,616$91,036$84,892$75,642
8 years$97,175$89,711$82,786$76,368$70,426$61,586
9 years$85,503$78,110$71,303$65,048$59,309$50,875
10 years$76,171$68,850$62,164$56,072$50,534$42,501
11 years$68,540$61,293$54,728$48,800$43,461$35,820
12 years$62,186$55,013$48,570$42,804$37,663$30,405
13 years$56,814$49,716$43,394$37,789$32,843$25,959
14 years$52,213$45,190$38,990$33,545$28,790$22,269
15 years$48,229$41,282$35,202$29,917$25,349$19,181
16 years$44,747$37,876$31,916$26,787$22,403$16,576
17 years$41,677$34,882$29,042$24,068$19,864$14,365
18 years$38,952$32,233$26,512$21,690$17,662$12,480
19 years$36,516$29,873$24,270$19,599$15,743$10,864
20 years$34,327$27,759$22,274$17,750$14,062$9,475
21 years$32,348$25,857$20,488$16,110$12,584$8,275
22 years$30,552$24,136$18,883$14,647$11,280$7,237
23 years$28,915$22,574$17,435$13,340$10,125$6,337
24 years$27,416$21,151$16,124$12,167$9,101$5,554
25 years$26,039$19,849$14,934$11,111$8,189$4,872
26 years$24,771$18,655$13,851$10,159$7,377$4,277
27 years$23,598$17,556$12,862$9,299$6,651$3,757
28 years$22,511$16,543$11,957$8,520$6,001$3,302
29 years$21,500$15,607$11,127$7,813$5,419$2,904
30 years$20,559$14,739$10,364$7,170$4,896$2,555
31 years$19,680$13,933$9,662$6,586$4,427$2,248
32 years$18,858$13,183$9,015$6,052$4,004$1,980
33 years$18,088$12,485$8,417$5,566$3,624$1,743
34 years$17,364$11,833$7,865$5,121$3,281$1,536
35 years$16,683$11,223$7,353$4,714$2,972$1,353
36 years$16,041$10,653$6,878$4,341$2,692$1,192
37 years$15,436$10,117$6,438$4,000$2,440$1,051
38 years$14,863$9,615$6,029$3,687$2,212$927
39 years$14,322$9,143$5,649$3,400$2,006$817
40 years$13,808$8,699$5,294$3,136$1,820$720
41 years$13,321$8,281$4,964$2,893$1,651$635
42 years$12,859$7,886$4,657$2,670$1,498$560
43 years$12,419$7,514$4,370$2,465$1,360$494
44 years$12,000$7,162$4,102$2,276$1,234$436
45 years$11,601$6,830$3,851$2,102$1,120$385
46 years$11,221$6,515$3,617$1,941$1,017$339
47 years$10,858$6,218$3,398$1,794$924$299
48 years$10,511$5,936$3,194$1,657$839$264
49 years$10,179$5,668$3,002$1,532$762$233
50 years$9,861$5,415$2,822$1,416$692$206

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,100,000, adding $5,455 every year, while hoping to spend $51,172 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: 80/8/12 Blend
62$10,100,000$10,100,000$10,100,000$10,100,000
63$11,135,827$10,600,527$10,443,977$12,001,699
64$12,217,235$11,065,506$10,739,403$13,036,107
65$13,407,231$11,551,554$11,043,012$14,163,804
66$14,716,838$12,059,650$11,355,022$15,399,847
67$16,158,199$12,590,817$11,675,660$16,755,056
68$17,744,698$13,146,129$12,005,156$18,241,347
69$19,491,078$13,726,710$12,343,749$19,871,844
70$21,413,585$14,333,736$12,691,683$21,660,999
71$23,530,123$14,968,441$13,049,206$23,624,728
72$25,860,416$15,632,116$13,416,576$25,780,562
73$28,426,202$16,326,113$13,794,054$28,147,810
74$31,251,430$17,051,848$14,181,910$30,747,740
75$34,362,493$17,810,805$14,580,421$33,603,778
76$37,788,472$18,604,539$14,989,870$36,741,727
77$41,561,412$19,434,678$15,410,547$40,190,011
78$45,716,626$20,302,927$15,842,750$43,979,943
79$50,293,024$21,211,072$16,286,784$48,146,013
80$55,333,483$22,160,986$16,742,962$52,726,218
81$60,885,252$23,154,628$17,211,605$57,762,418
82$67,000,396$24,194,053$17,693,042$63,300,725
83$73,736,287$25,281,412$18,187,610$69,391,943
84$81,156,148$26,418,961$18,695,654$76,092,039
85$89,329,645$27,609,060$19,217,529$83,462,676
86$98,333,550$28,854,185$19,753,597$91,571,787
87$108,252,459$30,156,927$20,304,229$100,494,217
88$119,179,597$31,520,004$20,869,809$110,312,428
89$131,217,693$32,946,261$21,450,724$121,117,273
90$144,479,951$34,438,681$22,047,377$133,008,854
91$159,091,118$36,000,388$22,660,175$146,097,460
92$175,188,661$37,634,656$23,289,541$160,504,611
93$192,924,067$39,344,917$23,935,903$176,364,197
94$212,464,268$41,134,764$24,599,702$193,823,745
95$233,993,221$43,007,965$25,281,389$213,045,801
96$257,713,642$44,968,468$25,981,428$234,209,469
97$283,848,918$47,020,408$26,700,291$257,512,096
98$312,645,220$49,168,120$27,438,463$283,171,127
99$344,373,822$51,416,147$28,196,441$311,426,162
100$379,333,663$53,769,249$28,974,732$342,541,208