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%11.6%
1 years$883,596$875,725$868,047$860,552$853,233$847,501
2 years$437,424$429,277$421,382$413,727$406,301$400,520
3 years$288,719$280,537$272,662$265,079$257,774$252,123
4 years$214,381$206,225$198,428$190,974$183,847$178,369
5 years$169,790$161,683$153,988$146,687$139,757$134,470
6 years$140,073$132,026$124,445$117,306$110,585$105,494
7 years$118,854$110,875$103,415$96,444$89,935$85,043
8 years$102,948$95,041$87,704$80,905$74,610$69,917
9 years$90,582$82,750$75,539$68,913$62,833$58,337
10 years$80,696$72,940$65,857$59,403$53,536$49,236
11 years$72,612$64,934$57,979$51,699$46,043$41,936
12 years$65,881$58,281$51,455$45,347$39,900$35,981
13 years$60,189$52,669$45,972$40,034$34,794$31,060
14 years$55,315$47,875$41,306$35,538$30,500$26,946
15 years$51,094$43,735$37,294$31,694$26,854$23,477
16 years$47,405$40,126$33,812$28,378$23,734$20,527
17 years$44,153$36,954$30,768$25,498$21,044$18,003
18 years$41,266$34,147$28,087$22,979$18,712$15,830
19 years$38,685$31,648$25,712$20,763$16,678$13,951
20 years$36,366$29,408$23,597$18,805$14,897$12,319
21 years$34,270$27,393$21,705$17,067$13,331$10,897
22 years$32,367$25,570$20,005$15,518$11,950$9,653
23 years$30,633$23,915$18,471$14,132$10,727$8,562
24 years$29,045$22,407$17,082$12,889$9,641$7,603
25 years$27,586$21,028$15,822$11,771$8,676$6,759
26 years$26,242$19,763$14,674$10,763$7,815$6,013
27 years$25,000$18,599$13,626$9,852$7,046$5,354
28 years$23,848$17,526$12,667$9,026$6,357$4,771
29 years$22,778$16,534$11,788$8,277$5,741$4,253
30 years$21,781$15,614$10,980$7,596$5,187$3,794
31 years$20,850$14,761$10,236$6,977$4,690$3,386
32 years$19,979$13,967$9,551$6,412$4,242$3,023
33 years$19,162$13,227$8,917$5,896$3,839$2,701
34 years$18,395$12,536$8,332$5,425$3,476$2,413
35 years$17,674$11,890$7,790$4,994$3,148$2,157
36 years$16,994$11,285$7,287$4,599$2,852$1,928
37 years$16,353$10,718$6,821$4,238$2,585$1,724
38 years$15,746$10,186$6,387$3,906$2,344$1,542
39 years$15,172$9,686$5,984$3,602$2,125$1,380
40 years$14,629$9,216$5,609$3,322$1,928$1,234
41 years$14,113$8,772$5,259$3,065$1,749$1,105
42 years$13,623$8,355$4,933$2,828$1,587$989
43 years$13,157$7,960$4,629$2,611$1,440$885
44 years$12,713$7,588$4,345$2,411$1,307$792
45 years$12,290$7,236$4,080$2,226$1,187$709
46 years$11,887$6,903$3,832$2,057$1,078$635
47 years$11,503$6,587$3,600$1,900$979$569
48 years$11,135$6,288$3,383$1,756$889$509
49 years$10,783$6,005$3,180$1,623$807$456
50 years$10,447$5,736$2,990$1,500$733$408

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 $6,866 every year, while hoping to spend $53,518 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: 68/14/18 Blend
62$10,700,000$10,700,000$10,700,000$10,700,000
63$11,798,482$11,231,382$11,065,532$12,548,690
64$12,944,985$11,724,777$11,379,285$13,543,926
65$14,206,637$12,240,555$11,701,754$14,625,242
66$15,595,127$12,779,755$12,033,177$15,806,714
67$17,123,335$13,343,468$12,373,793$17,098,201
68$18,805,451$13,932,835$12,723,851$18,510,549
69$20,657,113$14,549,049$13,083,606$20,055,700
70$22,695,550$15,193,364$13,453,318$21,746,797
71$24,939,746$15,867,089$13,833,255$23,598,309
72$27,410,622$16,571,598$14,223,691$25,626,165
73$30,131,229$17,308,330$14,624,907$27,847,902
74$33,126,966$18,078,790$15,037,194$30,282,830
75$36,425,823$18,884,557$15,460,846$32,952,210
76$40,058,640$19,727,283$15,896,167$35,879,450
77$44,059,402$20,608,701$16,343,469$39,090,332
78$48,465,557$21,530,623$16,803,072$42,613,243
79$53,318,371$22,494,951$17,275,302$46,479,445
80$58,663,316$23,503,675$17,760,496$50,723,370
81$64,550,499$24,558,880$18,258,997$55,382,935
82$71,035,136$25,662,751$18,771,159$60,499,905
83$78,178,071$26,817,577$19,297,344$66,120,277
84$86,046,352$28,025,756$19,837,923$72,294,715
85$94,713,863$29,289,800$20,393,276$79,079,024
86$104,262,019$30,612,342$20,963,793$86,534,676
87$114,780,538$31,996,141$21,549,874$94,729,378
88$126,368,286$33,444,084$22,151,927$103,737,719
89$139,134,208$34,959,202$22,770,374$113,641,861
90$153,198,360$36,544,665$23,405,644$124,532,314
91$168,693,038$38,203,798$24,058,178$136,508,788
92$185,764,028$39,940,086$24,728,428$149,681,124
93$204,571,986$41,757,176$25,416,857$164,170,333
94$225,293,945$43,658,895$26,123,939$180,109,728
95$248,124,997$45,649,250$26,850,160$197,646,181
96$273,280,125$47,732,441$27,596,018$216,941,503
97$300,996,236$49,912,870$28,362,023$238,173,964
98$331,534,399$52,195,147$29,148,698$261,539,973
99$365,182,307$54,584,108$29,956,578$287,255,925
100$402,256,989$57,084,817$30,786,211$315,560,237