Can I retire at age 63 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$842,306$834,804$827,484$820,339$813,362$782,947
2 years$416,983$409,217$401,691$394,394$387,315$357,021
3 years$275,228$267,428$259,921$252,692$245,729$216,508
4 years$204,364$196,588$189,156$182,050$175,256$147,332
5 years$161,856$154,127$146,793$139,832$133,227$106,671
6 years$133,527$125,857$118,630$111,825$105,418$80,250
7 years$113,300$105,694$98,582$91,937$85,733$61,945
8 years$98,137$90,599$83,606$77,124$71,124$48,694
9 years$86,349$78,883$72,009$65,692$59,896$38,794
10 years$76,925$69,532$62,779$56,628$51,035$31,222
11 years$69,219$61,900$55,270$49,283$43,892$25,324
12 years$62,802$55,558$49,051$43,228$38,036$20,667
13 years$57,377$50,208$43,824$38,164$33,168$16,949
14 years$52,730$45,638$39,376$33,877$29,075$13,953
15 years$48,707$41,691$35,551$30,213$25,600$11,524
16 years$45,190$38,251$32,232$27,052$22,625$9,542
17 years$42,090$35,227$29,330$24,306$20,061$7,917
18 years$39,337$32,552$26,775$21,905$17,837$6,581
19 years$36,878$30,169$24,511$19,793$15,899$5,478
20 years$34,667$28,034$22,495$17,926$14,201$4,565
21 years$32,669$26,113$20,691$16,269$12,708$3,808
22 years$30,855$24,375$19,070$14,792$11,391$3,179
23 years$29,201$22,798$17,608$13,472$10,225$2,655
24 years$27,688$21,360$16,284$12,287$9,191$2,219
25 years$26,297$20,045$15,082$11,221$8,270$1,856
26 years$25,016$18,839$13,988$10,260$7,450$1,553
27 years$23,831$17,730$12,989$9,391$6,716$1,299
28 years$22,734$16,707$12,075$8,604$6,060$1,088
29 years$21,713$15,761$11,237$7,890$5,472$911
30 years$20,763$14,885$10,467$7,241$4,945$763
31 years$19,875$14,071$9,758$6,651$4,470$639
32 years$19,045$13,314$9,104$6,112$4,044$535
33 years$18,267$12,609$8,501$5,621$3,660$448
34 years$17,536$11,950$7,943$5,172$3,313$375
35 years$16,848$11,334$7,426$4,761$3,001$315
36 years$16,200$10,758$6,947$4,384$2,719$264
37 years$15,588$10,218$6,502$4,040$2,464$221
38 years$15,010$9,710$6,089$3,723$2,234$185
39 years$14,463$9,234$5,704$3,433$2,026$155
40 years$13,945$8,785$5,347$3,167$1,838$130
41 years$13,453$8,363$5,014$2,922$1,667$109
42 years$12,986$7,964$4,703$2,696$1,513$91
43 years$12,542$7,588$4,413$2,489$1,373$77
44 years$12,119$7,233$4,142$2,298$1,246$64
45 years$11,716$6,898$3,890$2,122$1,131$54
46 years$11,332$6,580$3,653$1,961$1,027$45
47 years$10,965$6,279$3,432$1,811$933$38
48 years$10,615$5,994$3,225$1,674$847$32
49 years$10,279$5,724$3,032$1,547$769$27
50 years$9,959$5,468$2,850$1,430$699$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,200,000, adding $3,346 every year, while hoping to spend $47,973 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: 64/21/15 Blend
62$10,200,000$10,200,000$10,200,000$10,200,000
63$11,243,851$10,703,251$10,545,151$11,922,367
64$12,339,681$11,176,668$10,847,371$12,850,766
65$13,545,678$11,671,674$11,158,107$13,858,678
66$14,873,028$12,189,277$11,477,595$14,958,516
67$16,334,057$12,730,531$11,806,074$16,159,244
68$17,942,346$13,296,543$12,143,793$17,470,722
69$19,712,861$13,888,468$12,491,005$18,903,799
70$21,662,090$14,507,521$12,847,971$20,470,412
71$23,808,204$15,154,970$13,214,959$22,183,699
72$26,171,224$15,832,147$13,592,244$24,058,114
73$28,773,211$16,540,445$13,980,106$26,109,569
74$31,638,476$17,281,324$14,378,837$28,355,576
75$34,793,805$18,056,313$14,788,733$30,815,410
76$38,268,716$18,867,015$15,210,098$33,510,289
77$42,095,736$19,715,109$15,643,247$36,463,573
78$46,310,704$20,602,354$16,088,499$39,700,976
79$50,953,118$21,530,591$16,546,186$43,250,812
80$56,066,498$22,501,751$17,016,645$47,144,253
81$61,698,801$23,517,858$17,500,223$51,415,621
82$67,902,876$24,581,029$17,997,277$56,102,712
83$74,736,956$25,693,487$18,508,173$61,247,143
84$82,265,213$26,857,556$19,033,285$66,894,745
85$90,558,364$28,075,674$19,572,998$73,095,987
86$99,694,331$29,350,397$20,127,708$79,906,454
87$109,758,987$30,684,400$20,697,820$87,387,359
88$120,846,956$32,080,488$21,283,749$95,606,125
89$133,062,513$33,541,600$21,885,923$104,637,006
90$146,520,566$35,070,815$22,504,778$114,561,791
91$161,347,739$36,671,360$23,140,763$125,470,568
92$177,683,569$38,346,617$23,794,339$137,462,565
93$195,681,822$40,100,131$24,465,979$150,647,084
94$215,511,944$41,935,614$25,156,166$165,144,526
95$237,360,663$43,856,959$25,865,397$181,087,520
96$261,433,745$45,868,244$26,594,183$198,622,169
97$287,957,944$47,973,745$27,343,045$217,909,419
98$317,183,137$50,177,941$28,112,519$239,126,573
99$349,384,684$52,485,528$28,903,156$262,468,959
100$384,866,028$54,901,425$29,715,518$288,151,760