Can I retire at age 63 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$867,080$859,357$851,821$844,466$837,285$821,724
2 years$429,248$421,253$413,506$405,993$398,707$383,088
3 years$283,323$275,294$267,565$260,124$252,956$237,766
4 years$210,374$202,370$194,719$187,405$180,410$165,766
5 years$166,617$158,661$151,110$143,945$137,145$123,088
6 years$137,455$129,558$122,119$115,114$108,518$95,064
7 years$116,633$108,803$101,482$94,641$88,254$75,406
8 years$101,023$93,264$86,065$79,392$73,216$60,970
9 years$88,889$81,203$74,127$67,625$61,658$50,009
10 years$79,187$71,577$64,626$58,293$52,536$41,471
11 years$71,255$63,720$56,896$50,732$45,183$34,690
12 years$64,649$57,192$50,493$44,499$39,154$29,220
13 years$59,064$51,685$45,113$39,286$34,143$24,751
14 years$54,281$46,980$40,534$34,874$29,930$21,063
15 years$50,139$42,917$36,597$31,101$26,353$17,992
16 years$46,519$39,376$33,180$27,848$23,290$15,419
17 years$43,328$36,264$30,193$25,021$20,651$13,249
18 years$40,494$33,509$27,562$22,549$18,362$11,411
19 years$37,962$31,056$25,232$20,375$16,366$9,846
20 years$35,686$28,859$23,156$18,453$14,619$8,510
21 years$33,630$26,881$21,299$16,748$13,082$7,366
22 years$31,762$25,092$19,631$15,227$11,726$6,383
23 years$30,060$23,468$18,125$13,868$10,526$5,537
24 years$28,502$21,988$16,763$12,648$9,461$4,808
25 years$27,071$20,635$15,526$11,551$8,514$4,178
26 years$25,752$19,393$14,399$10,562$7,669$3,632
27 years$24,532$18,251$13,371$9,668$6,914$3,160
28 years$23,402$17,198$12,430$8,858$6,239$2,751
29 years$22,352$16,225$11,567$8,123$5,633$2,395
30 years$21,373$15,322$10,775$7,454$5,090$2,087
31 years$20,460$14,485$10,045$6,846$4,602$1,818
32 years$19,605$13,706$9,372$6,292$4,163$1,585
33 years$18,804$12,979$8,751$5,786$3,767$1,382
34 years$18,051$12,301$8,176$5,324$3,411$1,205
35 years$17,344$11,668$7,644$4,901$3,089$1,051
36 years$16,676$11,074$7,151$4,513$2,799$917
37 years$16,047$10,518$6,693$4,158$2,537$800
38 years$15,452$9,996$6,268$3,833$2,300$698
39 years$14,889$9,505$5,872$3,534$2,086$609
40 years$14,355$9,043$5,504$3,260$1,892$532
41 years$13,849$8,608$5,161$3,008$1,716$464
42 years$13,368$8,198$4,841$2,776$1,557$405
43 years$12,911$7,811$4,543$2,562$1,413$354
44 years$12,475$7,446$4,264$2,366$1,283$309
45 years$12,061$7,100$4,004$2,185$1,165$270
46 years$11,665$6,773$3,761$2,018$1,057$235
47 years$11,288$6,464$3,533$1,865$960$206
48 years$10,927$6,171$3,320$1,723$872$180
49 years$10,582$5,893$3,121$1,592$792$157
50 years$10,252$5,629$2,934$1,472$719$137

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,500,000, adding $3,515 every year, while hoping to spend $26,215 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: 51/22/27 Blend
62$10,500,000$10,500,000$10,500,000$10,500,000
63$11,574,626$11,018,126$10,855,376$12,076,812
64$12,727,345$11,530,121$11,191,138$12,938,779
65$13,996,763$12,066,326$11,537,270$13,872,612
66$15,394,755$12,627,899$11,894,091$14,887,546
67$16,934,408$13,216,053$12,261,931$15,991,307
68$18,630,141$13,832,063$12,641,129$17,192,388
69$20,497,844$14,477,263$13,032,036$18,500,126
70$22,555,027$15,153,052$13,435,012$19,924,784
71$24,820,984$15,860,896$13,850,429$21,477,650
72$27,316,978$16,602,333$14,278,671$23,171,134
73$30,066,436$17,378,974$14,720,133$25,018,887
74$33,095,178$18,192,509$15,175,223$27,035,922
75$36,431,653$19,044,709$15,644,360$29,238,755
76$40,107,213$19,937,431$16,127,978$31,645,555
77$44,156,405$20,872,621$16,626,521$34,276,313
78$48,617,300$21,852,321$17,140,452$37,153,025
79$53,531,850$22,878,670$17,670,242$40,299,894
80$58,946,285$23,953,911$18,216,381$43,743,556
81$64,911,549$25,080,396$18,779,373$47,513,328
82$71,483,782$26,260,590$19,359,737$51,641,474
83$78,724,846$27,497,078$19,958,007$56,163,508
84$86,702,916$28,792,570$20,574,735$61,118,525
85$95,493,115$30,149,907$21,210,490$66,549,561
86$105,178,229$31,572,069$21,865,858$72,503,993
87$115,849,486$33,062,178$22,541,442$79,033,984
88$127,607,418$34,623,510$23,237,865$86,196,963
89$140,562,810$36,259,497$23,955,769$94,056,166
90$154,837,745$37,973,740$24,695,815$102,681,221
91$170,566,754$39,770,013$25,458,684$112,148,799
92$187,898,093$41,652,274$26,245,080$122,543,332
93$206,995,135$43,624,671$27,055,726$133,957,798
94$228,037,915$45,691,556$27,891,370$146,494,595
95$251,224,830$47,857,491$28,752,779$160,266,491
96$276,774,514$50,127,259$29,640,747$175,397,690
97$304,927,894$52,505,874$30,556,093$192,024,982
98$335,950,474$54,998,597$31,499,657$210,299,036
99$370,134,836$57,610,942$32,472,308$230,385,802
100$407,803,401$60,348,689$33,474,942$252,468,073