Can I retire at age 63 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$875,338$867,541$859,934$852,509$845,259$818,202
2 years$433,336$425,265$417,444$409,860$402,504$375,494
3 years$286,021$277,916$270,114$262,601$255,365$229,250
4 years$212,378$204,297$196,574$189,189$182,129$157,108
5 years$168,204$160,172$152,549$145,316$138,451$114,592
6 years$138,764$130,792$123,282$116,210$109,552$86,875
7 years$117,743$109,839$102,448$95,543$89,095$67,597
8 years$101,985$94,152$86,884$80,148$73,913$53,580
9 years$89,736$81,977$74,833$68,269$62,245$43,054
10 years$79,942$72,258$65,241$58,848$53,036$34,957
11 years$71,933$64,327$57,438$51,216$45,613$28,613
12 years$65,265$57,737$50,974$44,923$39,527$23,570
13 years$59,627$52,177$45,542$39,660$34,468$19,514
14 years$54,798$47,428$40,920$35,206$30,215$16,224
15 years$50,617$43,326$36,945$31,398$26,603$13,533
16 years$46,962$39,751$33,496$28,113$23,512$11,319
17 years$43,741$36,609$30,480$25,259$20,848$9,490
18 years$40,880$33,828$27,824$22,764$18,537$7,970
19 years$38,324$31,352$25,472$20,569$16,522$6,705
20 years$36,026$29,134$23,377$18,629$14,758$5,648
21 years$33,950$27,137$21,502$16,907$13,207$4,762
22 years$32,065$25,331$19,818$15,373$11,838$4,019
23 years$30,346$23,692$18,298$14,000$10,626$3,395
24 years$28,773$22,198$16,923$12,769$9,551$2,870
25 years$27,328$20,831$15,674$11,661$8,595$2,427
26 years$25,997$19,578$14,537$10,662$7,742$2,053
27 years$24,766$18,425$13,499$9,760$6,980$1,738
28 years$23,625$17,362$12,549$8,942$6,298$1,471
29 years$22,565$16,379$11,678$8,200$5,687$1,246
30 years$21,577$15,468$10,877$7,525$5,139$1,055
31 years$20,655$14,623$10,141$6,912$4,646$894
32 years$19,792$13,836$9,461$6,352$4,202$758
33 years$18,983$13,103$8,834$5,841$3,803$642
34 years$18,223$12,419$8,254$5,374$3,443$544
35 years$17,509$11,779$7,717$4,947$3,119$461
36 years$16,835$11,180$7,219$4,556$2,826$391
37 years$16,200$10,618$6,757$4,198$2,561$332
38 years$15,599$10,091$6,328$3,869$2,322$281
39 years$15,031$9,596$5,928$3,568$2,106$238
40 years$14,492$9,130$5,556$3,291$1,910$202
41 years$13,981$8,690$5,210$3,036$1,733$171
42 years$13,495$8,277$4,887$2,802$1,572$145
43 years$13,034$7,886$4,586$2,587$1,427$123
44 years$12,594$7,517$4,305$2,388$1,295$105
45 years$12,176$7,168$4,042$2,206$1,176$89
46 years$11,776$6,838$3,796$2,037$1,068$75
47 years$11,395$6,526$3,567$1,882$969$64
48 years$11,031$6,230$3,352$1,739$880$54
49 years$10,683$5,949$3,150$1,607$800$46
50 years$10,349$5,683$2,962$1,486$726$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,600,000, adding $5,114 every year, while hoping to spend $27,501 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: 56/22/22 Blend
62$10,600,000$10,600,000$10,600,000$10,600,000
63$11,686,475$11,124,675$10,960,375$12,270,973
64$12,849,235$11,640,523$11,298,287$13,187,014
65$14,129,674$12,180,726$11,646,597$14,181,131
66$15,539,768$12,746,449$12,005,625$15,263,589
67$17,092,710$13,338,911$12,375,699$16,442,887
68$18,803,041$13,959,392$12,757,159$17,728,369
69$20,686,782$14,609,233$13,150,355$19,130,314
70$22,761,588$15,289,840$13,555,646$20,660,021
71$25,046,914$16,002,686$13,973,405$22,329,921
72$27,564,199$16,749,317$14,404,013$24,153,689
73$30,337,065$17,531,352$14,847,866$26,146,366
74$33,391,545$18,350,487$15,305,369$28,324,501
75$36,756,325$19,208,504$15,776,941$30,706,303
76$40,463,016$20,107,266$16,263,015$33,311,809
77$44,546,453$21,048,731$16,764,034$36,163,068
78$49,045,020$22,034,948$17,280,459$39,284,346
79$54,001,019$23,068,067$17,812,761$42,702,352
80$59,461,062$24,150,341$18,361,427$46,446,481
81$65,476,515$25,284,133$18,926,960$50,549,093
82$72,103,983$26,471,919$19,509,876$55,045,809
83$79,405,841$27,716,295$20,110,709$59,975,842
84$87,450,828$29,019,985$20,730,009$65,382,364
85$96,314,689$30,385,841$21,368,341$71,312,910
86$106,080,897$31,816,856$22,026,290$77,819,812
87$116,841,434$33,316,168$22,704,456$84,960,698
88$128,697,665$34,887,065$23,403,460$92,799,021
89$141,761,291$36,532,995$24,123,940$101,404,655
90$156,155,405$38,257,575$24,866,555$110,854,548
91$172,015,655$40,064,594$25,631,983$121,233,441
92$189,491,521$41,958,029$26,420,924$132,634,655
93$208,747,729$43,942,045$27,234,097$145,160,974
94$229,965,804$46,021,012$28,072,246$158,925,597
95$253,345,786$48,199,511$28,936,136$174,053,204
96$279,108,115$50,482,346$29,826,556$190,681,122
97$307,495,715$52,874,553$30,744,318$208,960,610
98$338,776,285$55,381,414$31,690,260$229,058,281
99$373,244,828$58,008,465$32,665,245$251,157,660
100$411,226,433$60,761,512$33,670,164$275,460,910