Can I retire at age 63 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$883,596$875,725$868,047$860,552$853,233$836,006
2 years$437,424$429,277$421,382$413,727$406,301$389,021
3 years$288,719$280,537$272,662$265,079$257,774$240,979
4 years$214,381$206,225$198,428$190,974$183,847$167,667
5 years$169,790$161,683$153,988$146,687$139,757$124,238
6 years$140,073$132,026$124,445$117,306$110,585$95,744
7 years$118,854$110,875$103,415$96,444$89,935$75,775
8 years$102,948$95,041$87,704$80,905$74,610$61,127
9 years$90,582$82,750$75,539$68,913$62,833$50,017
10 years$80,696$72,940$65,857$59,403$53,536$41,377
11 years$72,612$64,934$57,979$51,699$46,043$34,524
12 years$65,881$58,281$51,455$45,347$39,900$29,004
13 years$60,189$52,669$45,972$40,034$34,794$24,503
14 years$55,315$47,875$41,306$35,538$30,500$20,795
15 years$51,094$43,735$37,294$31,694$26,854$17,715
16 years$47,405$40,126$33,812$28,378$23,734$15,139
17 years$44,153$36,954$30,768$25,498$21,044$12,971
18 years$41,266$34,147$28,087$22,979$18,712$11,139
19 years$38,685$31,648$25,712$20,763$16,678$9,583
20 years$36,366$29,408$23,597$18,805$14,897$8,258
21 years$34,270$27,393$21,705$17,067$13,331$7,126
22 years$32,367$25,570$20,005$15,518$11,950$6,156
23 years$30,633$23,915$18,471$14,132$10,727$5,324
24 years$29,045$22,407$17,082$12,889$9,641$4,608
25 years$27,586$21,028$15,822$11,771$8,676$3,991
26 years$26,242$19,763$14,674$10,763$7,815$3,459
27 years$25,000$18,599$13,626$9,852$7,046$3,000
28 years$23,848$17,526$12,667$9,026$6,357$2,603
29 years$22,778$16,534$11,788$8,277$5,741$2,259
30 years$21,781$15,614$10,980$7,596$5,187$1,961
31 years$20,850$14,761$10,236$6,977$4,690$1,704
32 years$19,979$13,967$9,551$6,412$4,242$1,480
33 years$19,162$13,227$8,917$5,896$3,839$1,286
34 years$18,395$12,536$8,332$5,425$3,476$1,118
35 years$17,674$11,890$7,790$4,994$3,148$972
36 years$16,994$11,285$7,287$4,599$2,852$845
37 years$16,353$10,718$6,821$4,238$2,585$735
38 years$15,746$10,186$6,387$3,906$2,344$639
39 years$15,172$9,686$5,984$3,602$2,125$556
40 years$14,629$9,216$5,609$3,322$1,928$483
41 years$14,113$8,772$5,259$3,065$1,749$420
42 years$13,623$8,355$4,933$2,828$1,587$366
43 years$13,157$7,960$4,629$2,611$1,440$318
44 years$12,713$7,588$4,345$2,411$1,307$277
45 years$12,290$7,236$4,080$2,226$1,187$241
46 years$11,887$6,903$3,832$2,057$1,078$210
47 years$11,503$6,587$3,600$1,900$979$182
48 years$11,135$6,288$3,383$1,756$889$159
49 years$10,783$6,005$3,180$1,623$807$138
50 years$10,447$5,736$2,990$1,500$733$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,700,000, adding $4,372 every year, while hoping to spend $33,487 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: 59/35/6 Blend
62$10,700,000$10,700,000$10,700,000$10,700,000
63$11,795,910$11,228,810$11,062,960$12,477,778
64$12,963,463$11,743,391$11,397,939$13,449,783
65$14,248,984$12,282,065$11,743,018$14,504,865
66$15,664,470$12,845,977$12,098,499$15,654,361
67$17,223,142$13,436,325$12,464,694$16,907,327
68$18,939,566$14,054,369$12,841,926$18,273,717
69$20,829,796$14,701,427$13,230,524$19,764,471
70$22,911,518$15,378,880$13,630,829$21,391,619
71$25,204,224$16,088,176$14,043,193$23,168,387
72$27,729,391$16,830,833$14,467,977$25,109,318
73$30,510,687$17,608,442$14,905,552$27,230,408
74$33,574,191$18,422,670$15,356,302$29,549,250
75$36,948,643$19,275,265$15,820,623$32,085,195
76$40,665,710$20,168,059$16,298,919$34,859,531
77$44,760,289$21,102,971$16,791,610$37,895,679
78$49,270,836$22,082,013$17,299,126$41,219,406
79$54,239,726$23,107,297$17,821,911$44,859,067
80$59,713,656$24,181,032$18,360,423$48,845,864
81$65,744,083$25,305,537$18,915,131$53,214,132
82$72,387,712$26,483,240$19,486,521$58,001,664
83$79,707,030$27,716,690$20,075,090$63,250,052
84$87,770,894$29,008,556$20,681,354$69,005,079
85$96,655,187$30,361,636$21,305,840$75,317,141
86$106,443,524$31,778,865$21,949,094$82,241,717
87$117,228,051$33,263,317$22,611,677$89,839,880
88$129,110,310$34,818,217$23,294,165$98,178,872
89$142,202,197$36,446,945$23,997,154$107,332,722
90$156,627,018$38,153,043$24,721,257$117,382,941
91$172,520,658$39,940,226$25,467,103$128,419,282
92$190,032,857$41,812,388$26,235,342$140,540,571
93$209,328,624$43,773,611$27,026,643$153,855,637
94$230,589,802$45,828,176$27,841,693$168,484,323
95$254,016,773$47,980,568$28,681,201$184,558,606
96$279,830,360$50,235,493$29,545,898$202,223,832
97$308,273,906$52,597,880$30,436,534$221,640,076
98$339,615,569$55,072,902$31,353,883$242,983,635
99$374,150,861$57,665,977$32,298,742$266,448,685
100$412,205,429$60,382,791$33,271,930$292,249,094