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

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$883,596$875,725$868,047$860,552$853,233$822,306
2 years$437,424$429,277$421,382$413,727$406,301$375,482
3 years$288,719$280,537$272,662$265,079$257,774$228,032
4 years$214,381$206,225$198,428$190,974$183,847$155,408
5 years$169,790$161,683$153,988$146,687$139,757$112,697
6 years$140,073$132,026$124,445$117,306$110,585$84,923
7 years$118,854$110,875$103,415$96,444$89,935$65,665
8 years$102,948$95,041$87,704$80,905$74,610$51,711
9 years$90,582$82,750$75,539$68,913$62,833$41,273
10 years$80,696$72,940$65,857$59,403$53,536$33,280
11 years$72,612$64,934$57,979$51,699$46,043$27,046
12 years$65,881$58,281$51,455$45,347$39,900$22,117
13 years$60,189$52,669$45,972$40,034$34,794$18,175
14 years$55,315$47,875$41,306$35,538$30,500$14,994
15 years$51,094$43,735$37,294$31,694$26,854$12,410
16 years$47,405$40,126$33,812$28,378$23,734$10,298
17 years$44,153$36,954$30,768$25,498$21,044$8,564
18 years$41,266$34,147$28,087$22,979$18,712$7,134
19 years$38,685$31,648$25,712$20,763$16,678$5,952
20 years$36,366$29,408$23,597$18,805$14,897$4,971
21 years$34,270$27,393$21,705$17,067$13,331$4,156
22 years$32,367$25,570$20,005$15,518$11,950$3,478
23 years$30,633$23,915$18,471$14,132$10,727$2,912
24 years$29,045$22,407$17,082$12,889$9,641$2,440
25 years$27,586$21,028$15,822$11,771$8,676$2,045
26 years$26,242$19,763$14,674$10,763$7,815$1,715
27 years$25,000$18,599$13,626$9,852$7,046$1,439
28 years$23,848$17,526$12,667$9,026$6,357$1,207
29 years$22,778$16,534$11,788$8,277$5,741$1,013
30 years$21,781$15,614$10,980$7,596$5,187$851
31 years$20,850$14,761$10,236$6,977$4,690$714
32 years$19,979$13,967$9,551$6,412$4,242$600
33 years$19,162$13,227$8,917$5,896$3,839$504
34 years$18,395$12,536$8,332$5,425$3,476$423
35 years$17,674$11,890$7,790$4,994$3,148$355
36 years$16,994$11,285$7,287$4,599$2,852$298
37 years$16,353$10,718$6,821$4,238$2,585$251
38 years$15,746$10,186$6,387$3,906$2,344$211
39 years$15,172$9,686$5,984$3,602$2,125$177
40 years$14,629$9,216$5,609$3,322$1,928$149
41 years$14,113$8,772$5,259$3,065$1,749$125
42 years$13,623$8,355$4,933$2,828$1,587$105
43 years$13,157$7,960$4,629$2,611$1,440$88
44 years$12,713$7,588$4,345$2,411$1,307$74
45 years$12,290$7,236$4,080$2,226$1,187$62
46 years$11,887$6,903$3,832$2,057$1,078$52
47 years$11,503$6,587$3,600$1,900$979$44
48 years$11,135$6,288$3,383$1,756$889$37
49 years$10,783$6,005$3,180$1,623$807$31
50 years$10,447$5,736$2,990$1,500$733$26

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 $3,515 every year, while hoping to spend $51,793 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: 60/11/29 Blend
62$10,700,000$10,700,000$10,700,000$10,700,000
63$11,795,026$11,227,926$11,062,076$12,409,655
64$12,943,011$11,722,987$11,377,548$13,324,861
65$14,206,355$12,240,570$11,701,853$14,317,239
66$15,596,769$12,781,724$12,035,231$15,399,080
67$17,127,159$13,347,548$12,377,930$16,579,117
68$18,811,743$13,939,192$12,730,205$17,866,962
69$20,666,190$14,557,861$13,092,316$19,273,190
70$22,707,763$15,204,818$13,464,530$20,809,444
71$24,955,486$15,881,385$13,847,123$22,488,535
72$27,430,320$16,588,947$14,240,376$24,324,570
73$30,155,362$17,328,955$14,644,578$26,333,072
74$33,156,064$18,102,929$15,060,026$28,531,136
75$36,460,470$18,912,460$15,487,024$30,937,579
76$40,099,484$19,759,216$15,925,886$33,573,122
77$44,107,158$20,644,945$16,376,930$36,460,578
78$48,521,018$21,571,477$16,840,487$39,625,068
79$53,382,412$22,540,729$17,316,893$43,094,254
80$58,736,904$23,554,711$17,806,495$46,898,599
81$64,634,702$24,615,526$18,309,647$51,071,651
82$71,131,135$25,725,380$18,826,714$55,650,355
83$78,287,171$26,886,584$19,358,068$60,675,404
84$86,169,993$28,101,557$19,904,094$66,191,613
85$94,853,635$29,372,836$20,465,184$72,248,343
86$104,419,679$30,703,078$21,041,741$78,899,965
87$114,958,026$32,095,068$21,634,179$86,206,366
88$126,567,741$33,551,723$22,242,920$94,233,512
89$139,357,993$35,076,100$22,868,400$103,054,069
90$153,449,081$36,671,402$23,511,065$112,748,082
91$168,973,572$38,340,986$24,171,371$123,403,730
92$186,077,552$40,088,369$24,849,786$135,118,149
93$204,922,000$41,917,237$25,546,792$147,998,350
94$225,684,315$43,831,453$26,262,881$162,162,222
95$248,559,985$45,835,063$26,998,557$177,739,640
96$273,764,433$47,932,311$27,754,338$194,873,688
97$301,535,051$50,127,640$28,530,755$213,722,001
98$332,133,442$52,425,711$29,328,351$234,458,251
99$365,847,886$54,831,403$30,147,683$257,273,781
100$402,996,063$57,349,835$30,989,324$282,379,402