Can I retire at age 63 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$858,822$851,172$843,709$836,424$829,311$799,886
2 years$425,160$417,241$409,567$402,127$394,910$365,579
3 years$280,624$272,672$265,017$257,647$250,547$222,231
4 years$208,371$200,443$192,865$185,620$178,692$151,608
5 years$165,030$157,149$149,671$142,574$135,839$110,057
6 years$136,145$128,324$120,956$114,017$107,485$83,025
7 years$115,522$107,767$100,515$93,740$87,414$64,271
8 years$100,061$92,376$85,245$78,636$72,518$50,673
9 years$88,043$80,430$73,421$66,981$61,071$40,495
10 years$78,433$70,895$64,010$57,738$52,035$32,693
11 years$70,576$63,114$56,354$50,249$44,752$26,604
12 years$64,033$56,647$50,013$44,075$38,781$21,784
13 years$58,502$51,193$44,683$38,912$33,818$17,926
14 years$53,764$46,533$40,148$34,542$29,645$14,810
15 years$49,662$42,508$36,248$30,805$26,102$12,275
16 years$46,076$39,001$32,864$27,583$23,069$10,201
17 years$42,915$35,918$29,905$24,783$20,454$8,495
18 years$40,109$33,190$27,299$22,334$18,187$7,087
19 years$37,601$30,760$24,991$20,181$16,210$5,922
20 years$35,346$28,584$22,936$18,278$14,479$4,954
21 years$33,309$26,625$21,097$16,588$12,957$4,148
22 years$31,460$24,853$19,444$15,082$11,615$3,477
23 years$29,774$23,245$17,953$13,736$10,426$2,916
24 years$28,230$21,779$16,603$12,528$9,371$2,447
25 years$26,813$20,438$15,378$11,441$8,432$2,054
26 years$25,506$19,209$14,262$10,461$7,596$1,725
27 years$24,299$18,078$13,244$9,575$6,848$1,450
28 years$23,179$17,034$12,312$8,773$6,179$1,219
29 years$22,139$16,070$11,457$8,045$5,580$1,024
30 years$21,170$15,176$10,672$7,383$5,042$861
31 years$20,265$14,347$9,949$6,781$4,558$724
32 years$19,418$13,575$9,283$6,232$4,123$609
33 years$18,625$12,856$8,667$5,731$3,731$513
34 years$17,880$12,184$8,098$5,273$3,378$431
35 years$17,178$11,557$7,571$4,854$3,060$363
36 years$16,518$10,969$7,083$4,470$2,772$305
37 years$15,894$10,418$6,629$4,119$2,513$257
38 years$15,305$9,901$6,208$3,796$2,278$216
39 years$14,747$9,415$5,816$3,501$2,066$182
40 years$14,218$8,957$5,452$3,229$1,874$153
41 years$13,717$8,527$5,112$2,979$1,700$129
42 years$13,241$8,120$4,795$2,749$1,543$108
43 years$12,788$7,737$4,500$2,538$1,400$91
44 years$12,357$7,375$4,224$2,343$1,271$77
45 years$11,946$7,033$3,966$2,164$1,154$65
46 years$11,554$6,709$3,725$1,999$1,047$54
47 years$11,180$6,402$3,499$1,847$951$46
48 years$10,823$6,112$3,288$1,707$864$39
49 years$10,481$5,837$3,091$1,577$784$32
50 years$10,154$5,575$2,906$1,458$713$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,400,000, adding $2,414 every year, while hoping to spend $34,780 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: 52/26/22 Blend
62$10,400,000$10,400,000$10,400,000$10,400,000
63$11,463,290$10,912,090$10,750,890$11,989,335
64$12,595,540$11,409,777$11,074,039$12,850,262
65$13,842,114$11,930,685$11,406,848$13,782,427
66$15,214,636$12,475,914$11,749,604$14,795,663
67$16,725,914$13,046,620$12,102,602$15,897,693
68$18,390,064$13,644,011$12,466,145$17,097,002
69$20,222,638$14,269,355$12,840,548$18,402,921
70$22,240,773$14,923,979$13,226,133$19,825,705
71$24,463,353$15,609,276$13,623,230$21,376,631
72$26,911,189$16,326,704$14,032,181$23,068,099
73$29,607,210$17,077,792$14,453,339$24,913,746
74$32,576,683$17,864,142$14,887,064$26,928,572
75$35,847,454$18,687,434$15,333,730$29,129,073
76$39,450,204$19,549,427$15,793,719$31,533,401
77$43,418,743$20,451,967$16,267,427$34,161,522
78$47,790,328$21,396,987$16,755,259$37,035,406
79$52,606,015$22,386,514$17,257,634$40,179,228
80$57,911,047$23,422,671$17,774,983$43,619,590
81$63,755,277$24,507,685$18,307,748$47,385,769
82$70,193,643$25,643,890$18,856,386$51,509,987
83$77,286,686$26,833,731$19,421,366$56,027,710
84$85,101,118$28,079,774$20,003,172$60,977,977
85$93,710,454$29,384,705$20,602,300$66,403,760
86$103,195,707$30,751,342$21,219,264$72,352,369
87$113,646,150$32,182,638$21,854,589$78,875,885
88$125,160,158$33,681,689$22,508,819$86,031,650
89$137,846,142$35,251,740$23,182,512$93,882,798
90$151,823,565$36,896,191$23,876,243$102,498,847
91$167,224,074$38,618,610$24,590,603$111,956,343
92$184,192,742$40,422,735$25,326,201$122,339,575
93$202,889,437$42,312,483$26,083,663$133,741,366
94$223,490,329$44,291,964$26,863,635$146,263,937
95$246,189,556$46,365,484$27,666,781$160,019,861
96$271,201,055$48,537,558$28,493,783$175,133,121
97$298,760,583$50,812,918$29,345,344$191,740,264
98$329,127,939$53,196,527$30,222,190$209,991,684
99$362,589,419$55,693,587$31,125,063$230,053,030
100$399,460,518$58,309,552$32,054,731$252,106,754