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%17%
1 years$883,596$875,725$868,047$860,552$853,233$828,911
2 years$437,424$429,277$421,382$413,727$406,301$381,987
3 years$288,719$280,537$272,662$265,079$257,774$234,228
4 years$214,381$206,225$198,428$190,974$183,847$161,251
5 years$169,790$161,683$153,988$146,687$139,757$118,173
6 years$140,073$132,026$124,445$117,306$110,585$90,032
7 years$118,854$110,875$103,415$96,444$89,935$70,414
8 years$102,948$95,041$87,704$80,905$74,610$56,109
9 years$90,582$82,750$75,539$68,913$62,833$45,334
10 years$80,696$72,940$65,857$59,403$53,536$37,016
11 years$72,612$64,934$57,979$51,699$46,043$30,475
12 years$65,881$58,281$51,455$45,347$39,900$25,253
13 years$60,189$52,669$45,972$40,034$34,794$21,036
14 years$55,315$47,875$41,306$35,538$30,500$17,598
15 years$51,094$43,735$37,294$31,694$26,854$14,773
16 years$47,405$40,126$33,812$28,378$23,734$12,437
17 years$44,153$36,954$30,768$25,498$21,044$10,495
18 years$41,266$34,147$28,087$22,979$18,712$8,874
19 years$38,685$31,648$25,712$20,763$16,678$7,516
20 years$36,366$29,408$23,597$18,805$14,897$6,375
21 years$34,270$27,393$21,705$17,067$13,331$5,413
22 years$32,367$25,570$20,005$15,518$11,950$4,601
23 years$30,633$23,915$18,471$14,132$10,727$3,914
24 years$29,045$22,407$17,082$12,889$9,641$3,332
25 years$27,586$21,028$15,822$11,771$8,676$2,838
26 years$26,242$19,763$14,674$10,763$7,815$2,418
27 years$25,000$18,599$13,626$9,852$7,046$2,062
28 years$23,848$17,526$12,667$9,026$6,357$1,758
29 years$22,778$16,534$11,788$8,277$5,741$1,500
30 years$21,781$15,614$10,980$7,596$5,187$1,280
31 years$20,850$14,761$10,236$6,977$4,690$1,093
32 years$19,979$13,967$9,551$6,412$4,242$933
33 years$19,162$13,227$8,917$5,896$3,839$797
34 years$18,395$12,536$8,332$5,425$3,476$680
35 years$17,674$11,890$7,790$4,994$3,148$581
36 years$16,994$11,285$7,287$4,599$2,852$496
37 years$16,353$10,718$6,821$4,238$2,585$424
38 years$15,746$10,186$6,387$3,906$2,344$362
39 years$15,172$9,686$5,984$3,602$2,125$310
40 years$14,629$9,216$5,609$3,322$1,928$264
41 years$14,113$8,772$5,259$3,065$1,749$226
42 years$13,623$8,355$4,933$2,828$1,587$193
43 years$13,157$7,960$4,629$2,611$1,440$165
44 years$12,713$7,588$4,345$2,411$1,307$141
45 years$12,290$7,236$4,080$2,226$1,187$120
46 years$11,887$6,903$3,832$2,057$1,078$103
47 years$11,503$6,587$3,600$1,900$979$88
48 years$11,135$6,288$3,383$1,756$889$75
49 years$10,783$6,005$3,180$1,623$807$64
50 years$10,447$5,736$2,990$1,500$733$55

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 $3,588 every year, while hoping to spend $57,636 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: 51/25/24 Blend
62$10,700,000$10,700,000$10,700,000$10,700,000
63$11,795,101$11,228,001$11,062,151$12,317,214
64$12,936,877$11,716,849$11,371,409$13,168,526
65$14,193,183$12,227,718$11,689,095$14,087,509
66$15,575,639$12,761,628$12,015,431$15,085,583
67$17,097,050$13,319,644$12,350,644$16,170,281
68$18,771,525$13,902,883$12,694,967$17,349,883
69$20,614,610$14,512,513$13,048,638$18,633,492
70$22,643,434$15,149,760$13,411,900$20,031,116
71$24,876,870$15,815,905$13,785,006$21,553,762
72$27,335,718$16,512,291$14,168,210$23,213,534
73$30,042,892$17,240,324$14,561,776$25,023,746
74$33,023,644$18,001,477$14,965,973$26,999,042
75$36,305,799$18,797,292$15,381,076$29,155,534
76$39,920,016$19,629,386$15,807,368$31,510,947
77$43,900,081$20,499,449$16,245,138$34,084,785
78$48,283,222$21,409,254$16,694,682$36,898,508
79$53,110,461$22,360,658$17,156,305$39,975,735
80$58,427,002$23,355,604$17,630,315$43,342,458
81$64,282,658$24,396,131$18,117,032$47,027,286
82$70,732,318$25,484,370$18,616,782$51,061,709
83$77,836,467$26,622,557$19,129,897$55,480,390
84$85,661,757$27,813,032$19,656,719$60,321,487
85$94,281,635$29,058,250$20,197,597$65,627,008
86$103,777,036$30,360,777$20,752,890$71,443,204
87$114,237,145$31,723,307$21,322,964$77,820,995
88$125,760,244$33,148,659$21,908,193$84,816,451
89$138,454,632$34,639,787$22,508,961$92,491,307
90$152,439,653$36,199,785$23,125,660$100,913,548
91$167,846,820$37,831,897$23,758,692$110,158,035
92$184,821,055$39,539,519$24,408,467$120,307,212
93$203,522,059$41,326,212$25,075,407$131,451,871
94$224,125,816$43,195,704$25,759,941$143,692,004
95$246,826,259$45,151,903$26,462,508$157,137,739
96$271,837,095$47,198,903$27,183,559$171,910,369
97$299,393,824$49,340,995$27,923,555$188,143,491
98$329,755,964$51,582,674$28,682,964$205,984,254
99$363,209,498$53,928,650$29,462,268$225,594,741
100$400,069,572$56,383,860$30,261,960$247,153,488