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%11.5%
1 years$858,822$851,172$843,709$836,424$829,311$824,084
2 years$425,160$417,241$409,567$402,127$394,910$389,638
3 years$280,624$272,672$265,017$257,647$250,547$245,393
4 years$208,371$200,443$192,865$185,620$178,692$173,695
5 years$165,030$157,149$149,671$142,574$135,839$131,014
6 years$136,145$128,324$120,956$114,017$107,485$102,838
7 years$115,522$107,767$100,515$93,740$87,414$82,948
8 years$100,061$92,376$85,245$78,636$72,518$68,233
9 years$88,043$80,430$73,421$66,981$61,071$56,966
10 years$78,433$70,895$64,010$57,738$52,035$48,108
11 years$70,576$63,114$56,354$50,249$44,752$40,999
12 years$64,033$56,647$50,013$44,075$38,781$35,200
13 years$58,502$51,193$44,683$38,912$33,818$30,405
14 years$53,764$46,533$40,148$34,542$29,645$26,395
15 years$49,662$42,508$36,248$30,805$26,102$23,012
16 years$46,076$39,001$32,864$27,583$23,069$20,134
17 years$42,915$35,918$29,905$24,783$20,454$17,670
18 years$40,109$33,190$27,299$22,334$18,187$15,549
19 years$37,601$30,760$24,991$20,181$16,210$13,713
20 years$35,346$28,584$22,936$18,278$14,479$12,118
21 years$33,309$26,625$21,097$16,588$12,957$10,727
22 years$31,460$24,853$19,444$15,082$11,615$9,509
23 years$29,774$23,245$17,953$13,736$10,426$8,441
24 years$28,230$21,779$16,603$12,528$9,371$7,502
25 years$26,813$20,438$15,378$11,441$8,432$6,673
26 years$25,506$19,209$14,262$10,461$7,596$5,942
27 years$24,299$18,078$13,244$9,575$6,848$5,295
28 years$23,179$17,034$12,312$8,773$6,179$4,722
29 years$22,139$16,070$11,457$8,045$5,580$4,213
30 years$21,170$15,176$10,672$7,383$5,042$3,761
31 years$20,265$14,347$9,949$6,781$4,558$3,360
32 years$19,418$13,575$9,283$6,232$4,123$3,002
33 years$18,625$12,856$8,667$5,731$3,731$2,684
34 years$17,880$12,184$8,098$5,273$3,378$2,400
35 years$17,178$11,557$7,571$4,854$3,060$2,147
36 years$16,518$10,969$7,083$4,470$2,772$1,921
37 years$15,894$10,418$6,629$4,119$2,513$1,719
38 years$15,305$9,901$6,208$3,796$2,278$1,539
39 years$14,747$9,415$5,816$3,501$2,066$1,378
40 years$14,218$8,957$5,452$3,229$1,874$1,234
41 years$13,717$8,527$5,112$2,979$1,700$1,105
42 years$13,241$8,120$4,795$2,749$1,543$990
43 years$12,788$7,737$4,500$2,538$1,400$887
44 years$12,357$7,375$4,224$2,343$1,271$795
45 years$11,946$7,033$3,966$2,164$1,154$712
46 years$11,554$6,709$3,725$1,999$1,047$638
47 years$11,180$6,402$3,499$1,847$951$572
48 years$10,823$6,112$3,288$1,707$864$513
49 years$10,481$5,837$3,091$1,577$784$460
50 years$10,154$5,575$2,906$1,458$713$412

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 $2,615 every year, while hoping to spend $59,323 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: 42/42/16 Blend
62$10,400,000$10,400,000$10,400,000$10,400,000
63$11,463,497$10,912,297$10,751,097$11,891,121
64$12,569,655$11,383,881$11,048,140$12,664,511
65$13,786,652$11,876,583$11,353,145$13,495,433
66$15,125,732$12,391,378$11,666,317$14,393,949
67$16,599,283$12,929,281$11,987,865$15,366,273
68$18,220,954$13,491,360$12,318,002$16,419,230
69$20,005,785$14,078,730$12,656,949$17,560,307
70$21,970,346$14,692,559$13,004,928$18,797,727
71$24,132,898$15,334,071$13,362,169$20,140,518
72$26,513,560$16,004,547$13,728,908$21,598,595
73$29,134,501$16,705,327$14,105,385$23,182,851
74$32,020,149$17,437,818$14,491,845$24,905,251
75$35,197,423$18,203,490$14,888,540$26,778,944
76$38,695,982$19,003,882$15,295,728$28,818,379
77$42,548,509$19,840,610$15,713,672$31,039,438
78$46,791,019$20,715,361$16,142,641$33,459,578
79$51,463,195$21,629,906$16,582,912$36,097,992
80$56,608,767$22,586,097$17,034,765$38,975,784
81$62,275,921$23,585,876$17,498,490$42,116,158
82$68,517,757$24,631,276$17,974,382$45,544,637
83$75,392,785$25,724,426$18,462,741$49,289,289
84$82,965,482$26,867,556$18,963,875$53,380,990
85$91,306,897$28,063,002$19,478,101$57,853,707
86$100,495,323$29,313,211$20,005,740$62,744,808
87$110,617,035$30,620,747$20,547,121$68,095,409
88$121,767,104$31,988,295$21,102,580$73,950,751
89$134,050,294$33,418,667$21,672,463$80,360,619
90$147,582,053$34,914,810$22,257,119$87,379,805
91$162,489,597$36,479,812$22,856,908$95,068,609
92$178,913,118$38,116,904$23,472,196$103,493,401
93$197,007,100$39,829,476$24,103,358$112,727,240
94$216,941,780$41,621,077$24,750,777$122,850,544
95$238,904,757$43,495,425$25,414,843$133,951,845
96$263,102,757$45,456,415$26,095,955$146,128,607
97$289,763,589$47,508,130$26,794,520$159,488,135
98$319,138,293$49,654,847$27,510,955$174,148,573
99$351,503,509$51,901,045$28,245,682$190,240,007
100$387,164,091$54,251,419$28,999,136$207,905,674