Can I retire at age 63 with 10,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,300,000?

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$850,564$842,988$835,596$828,381$821,336$800,506
2 years$421,071$413,229$405,629$398,260$391,113$370,262
3 years$277,926$270,050$262,469$255,169$248,138$227,919
4 years$206,367$198,515$191,010$183,835$176,974$157,542
5 years$163,443$155,638$148,232$141,203$134,533$115,942
6 years$134,836$127,090$119,793$112,921$106,451$88,719
7 years$114,411$106,730$99,549$92,839$86,573$69,703
8 years$99,099$91,488$84,425$77,880$71,821$55,803
9 years$87,196$79,656$72,715$66,337$60,484$45,306
10 years$77,679$70,213$63,395$57,183$51,535$37,179
11 years$69,898$62,507$55,812$49,766$44,322$30,766
12 years$63,418$56,103$49,532$43,652$38,408$25,629
13 years$57,939$50,700$44,253$38,538$33,493$21,464
14 years$53,247$46,085$39,762$34,210$29,360$18,055
15 years$49,184$42,100$35,900$30,509$25,851$15,242
16 years$45,633$38,626$32,548$27,317$22,847$12,906
17 years$42,503$35,573$29,618$24,544$20,258$10,955
18 years$39,723$32,871$27,037$22,120$18,012$9,318
19 years$37,239$30,464$24,751$19,987$16,055$7,939
20 years$35,006$28,309$22,715$18,102$14,340$6,774
21 years$32,989$26,369$20,894$16,429$12,833$5,788
22 years$31,157$24,614$19,257$14,937$11,503$4,950
23 years$29,487$23,021$17,780$13,604$10,326$4,237
24 years$27,959$21,569$16,444$12,407$9,281$3,630
25 years$26,555$20,242$15,230$11,331$8,351$3,112
26 years$25,261$19,024$14,125$10,361$7,523$2,669
27 years$24,065$17,904$13,116$9,483$6,782$2,290
28 years$22,956$16,871$12,193$8,689$6,120$1,966
29 years$21,926$15,916$11,347$7,968$5,526$1,689
30 years$20,966$15,031$10,569$7,312$4,993$1,451
31 years$20,070$14,209$9,854$6,716$4,514$1,246
32 years$19,232$13,444$9,194$6,172$4,083$1,071
33 years$18,446$12,732$8,584$5,676$3,696$921
34 years$17,708$12,067$8,020$5,222$3,346$792
35 years$17,013$11,446$7,499$4,807$3,030$681
36 years$16,359$10,863$7,015$4,427$2,746$585
37 years$15,741$10,318$6,566$4,079$2,489$503
38 years$15,158$9,806$6,148$3,760$2,256$433
39 years$14,605$9,324$5,760$3,467$2,046$372
40 years$14,082$8,871$5,399$3,198$1,856$320
41 years$13,585$8,445$5,063$2,950$1,684$276
42 years$13,113$8,042$4,749$2,723$1,528$237
43 years$12,665$7,663$4,456$2,513$1,386$204
44 years$12,238$7,304$4,183$2,321$1,258$176
45 years$11,831$6,965$3,928$2,143$1,142$151
46 years$11,443$6,644$3,689$1,980$1,037$130
47 years$11,073$6,341$3,466$1,829$942$112
48 years$10,719$6,053$3,257$1,690$855$96
49 years$10,380$5,780$3,061$1,562$777$83
50 years$10,056$5,522$2,878$1,444$706$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,300,000, adding $5,228 every year, while hoping to spend $41,173 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: 52/24/24 Blend
62$10,300,000$10,300,000$10,300,000$10,300,000
63$11,355,993$10,810,093$10,650,443$11,870,330
64$12,470,496$11,295,979$10,963,425$12,712,528
65$13,697,299$11,804,295$11,285,512$13,623,499
66$15,047,812$12,336,094$11,616,965$14,613,601
67$16,534,610$12,892,483$11,958,054$15,690,382
68$18,171,546$13,474,621$12,309,055$16,862,144
69$19,973,888$14,083,722$12,670,253$18,138,010
70$21,958,457$14,721,056$13,041,939$19,528,013
71$24,143,790$15,387,959$13,424,414$21,043,186
72$26,550,313$16,085,824$13,817,987$22,695,661
73$29,200,532$16,816,117$14,222,977$24,498,784
74$32,119,249$17,580,370$14,639,710$26,467,233
75$35,333,794$18,380,189$15,068,522$28,617,158
76$38,874,281$19,217,259$15,509,757$30,966,325
77$42,773,896$20,093,343$15,963,773$33,534,283
78$47,069,206$21,010,289$16,430,932$36,342,543
79$51,800,508$21,970,036$16,911,611$39,414,776
80$57,012,205$22,974,613$17,406,195$42,777,036
81$62,753,229$24,026,148$17,915,082$46,457,996
82$69,077,499$25,126,870$18,438,678$50,489,217
83$76,044,433$26,279,116$18,977,403$54,905,439
84$83,719,507$27,485,335$19,531,687$59,744,907
85$92,174,872$28,748,092$20,101,974$65,049,722
86$101,490,038$30,070,077$20,688,719$70,866,237
87$111,752,621$31,454,110$21,292,390$77,245,485
88$123,059,171$32,903,144$21,913,468$84,243,656
89$135,516,084$34,420,276$22,552,447$91,922,623
90$149,240,606$36,008,751$23,209,836$100,350,514
91$164,361,938$37,671,970$23,886,156$109,602,355
92$181,022,459$39,413,499$24,581,945$119,760,762
93$199,379,064$41,237,075$25,297,754$130,916,723
94$219,604,650$43,146,614$26,034,151$143,170,442
95$241,889,748$45,146,221$26,791,718$156,632,277
96$266,444,316$47,240,199$27,571,054$171,423,776
97$293,499,727$49,433,060$28,372,776$187,678,814
98$323,310,950$51,729,531$29,197,515$205,544,845
99$356,158,957$54,134,568$30,045,921$225,184,286
100$392,353,374$56,653,366$30,918,663$246,776,040