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

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$858,822$851,172$843,709$836,424$829,311$805,346
2 years$425,160$417,241$409,567$402,127$394,910$370,956
3 years$280,624$272,672$265,017$257,647$250,547$227,355
4 years$208,371$200,443$192,865$185,620$178,692$156,440
5 years$165,030$157,149$149,671$142,574$135,839$114,587
6 years$136,145$128,324$120,956$114,017$107,485$87,252
7 years$115,522$107,767$100,515$93,740$87,414$68,201
8 years$100,061$92,376$85,245$78,636$72,518$54,314
9 years$88,043$80,430$73,421$66,981$61,071$43,856
10 years$78,433$70,895$64,010$57,738$52,035$35,788
11 years$70,576$63,114$56,354$50,249$44,752$29,444
12 years$64,033$56,647$50,013$44,075$38,781$24,383
13 years$58,502$51,193$44,683$38,912$33,818$20,298
14 years$53,764$46,533$40,148$34,542$29,645$16,969
15 years$49,662$42,508$36,248$30,805$26,102$14,235
16 years$46,076$39,001$32,864$27,583$23,069$11,975
17 years$42,915$35,918$29,905$24,783$20,454$10,098
18 years$40,109$33,190$27,299$22,334$18,187$8,532
19 years$37,601$30,760$24,991$20,181$16,210$7,221
20 years$35,346$28,584$22,936$18,278$14,479$6,120
21 years$33,309$26,625$21,097$16,588$12,957$5,192
22 years$31,460$24,853$19,444$15,082$11,615$4,410
23 years$29,774$23,245$17,953$13,736$10,426$3,748
24 years$28,230$21,779$16,603$12,528$9,371$3,188
25 years$26,813$20,438$15,378$11,441$8,432$2,714
26 years$25,506$19,209$14,262$10,461$7,596$2,311
27 years$24,299$18,078$13,244$9,575$6,848$1,968
28 years$23,179$17,034$12,312$8,773$6,179$1,677
29 years$22,139$16,070$11,457$8,045$5,580$1,430
30 years$21,170$15,176$10,672$7,383$5,042$1,219
31 years$20,265$14,347$9,949$6,781$4,558$1,040
32 years$19,418$13,575$9,283$6,232$4,123$887
33 years$18,625$12,856$8,667$5,731$3,731$757
34 years$17,880$12,184$8,098$5,273$3,378$646
35 years$17,178$11,557$7,571$4,854$3,060$551
36 years$16,518$10,969$7,083$4,470$2,772$470
37 years$15,894$10,418$6,629$4,119$2,513$401
38 years$15,305$9,901$6,208$3,796$2,278$343
39 years$14,747$9,415$5,816$3,501$2,066$293
40 years$14,218$8,957$5,452$3,229$1,874$250
41 years$13,717$8,527$5,112$2,979$1,700$213
42 years$13,241$8,120$4,795$2,749$1,543$182
43 years$12,788$7,737$4,500$2,538$1,400$155
44 years$12,357$7,375$4,224$2,343$1,271$133
45 years$11,946$7,033$3,966$2,164$1,154$113
46 years$11,554$6,709$3,725$1,999$1,047$97
47 years$11,180$6,402$3,499$1,847$951$83
48 years$10,823$6,112$3,288$1,707$864$71
49 years$10,481$5,837$3,091$1,577$784$60
50 years$10,154$5,575$2,906$1,458$713$51

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 $5,569 every year, while hoping to spend $47,940 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: 71/7/22 Blend
62$10,400,000$10,400,000$10,400,000$10,400,000
63$11,466,544$10,915,344$10,754,144$12,217,859
64$12,585,124$11,399,189$11,063,400$13,203,625
65$13,816,192$11,905,134$11,381,410$14,276,429
66$15,171,172$12,434,214$11,708,415$15,449,932
67$16,662,650$12,987,509$12,044,666$16,734,118
68$18,304,496$13,566,152$12,390,417$18,139,981
69$20,111,990$14,171,330$12,745,932$19,679,624
70$22,101,973$14,804,285$13,111,481$21,366,375
71$24,292,999$15,466,319$13,487,340$23,214,911
72$26,705,513$16,158,797$13,873,794$25,241,393
73$29,362,044$16,883,147$14,271,135$27,463,620
74$32,287,418$17,640,866$14,679,663$29,901,194
75$35,508,988$18,433,523$15,099,686$32,575,703
76$39,056,899$19,262,759$15,531,519$35,510,924
77$42,964,366$20,130,297$15,975,488$38,733,046
78$47,267,989$21,037,940$16,431,925$42,270,916
79$52,008,102$21,987,577$16,901,172$46,156,306
80$57,229,147$22,981,187$17,383,581$50,424,215
81$62,980,101$24,020,845$17,879,511$55,113,197
82$69,314,929$25,108,725$18,389,332$60,265,721
83$76,293,101$26,247,102$18,913,425$65,928,571
84$83,980,151$27,438,364$19,452,178$72,153,284
85$92,448,293$28,685,009$20,005,992$78,996,638
86$101,777,103$29,989,659$20,575,277$86,521,180
87$112,054,272$31,355,058$21,160,454$94,795,821
88$123,376,434$32,784,082$21,761,955$103,896,476
89$135,850,075$34,279,746$22,380,225$113,906,786
90$149,592,537$35,845,208$23,015,717$124,918,898
91$164,733,133$37,483,780$23,668,900$137,034,337
92$181,414,357$39,198,930$24,340,253$150,364,958
93$199,793,236$40,994,293$25,030,267$165,034,001
94$220,042,812$42,873,679$25,739,447$181,177,253
95$242,353,771$44,841,081$26,468,310$198,944,320
96$266,936,245$46,900,683$27,217,388$218,500,043
97$294,021,797$49,056,871$27,987,225$240,026,048
98$323,865,603$51,314,241$28,778,380$263,722,455
99$356,748,866$53,677,610$29,591,427$289,809,766
100$392,981,464$56,152,027$30,426,954$318,530,942