Can I retire at age 63 with 10,800,000?

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 $10,800,000?

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$891,854$883,910$876,159$868,594$861,207$833,639
2 years$441,512$433,289$425,320$417,593$410,099$382,579
3 years$291,417$283,159$275,210$267,556$260,183$233,575
4 years$216,385$208,152$200,283$192,759$185,565$160,072
5 years$171,377$163,194$155,427$148,057$141,064$116,754
6 years$141,382$133,260$125,608$118,403$111,619$88,514
7 years$119,965$111,911$104,381$97,345$90,776$68,873
8 years$103,910$95,929$88,524$81,661$75,307$54,591
9 years$91,429$83,523$76,245$69,557$63,420$43,866
10 years$81,450$73,622$66,472$59,959$54,037$35,617
11 years$73,291$65,541$58,521$52,182$46,473$29,153
12 years$66,496$58,826$51,936$45,771$40,273$24,014
13 years$60,752$53,162$46,401$40,409$35,119$19,883
14 years$55,832$48,322$41,692$35,870$30,785$16,530
15 years$51,572$44,143$37,642$31,990$27,105$13,788
16 years$47,848$40,501$34,128$28,644$23,956$11,533
17 years$44,566$37,300$31,055$25,736$21,241$9,669
18 years$41,651$34,467$28,349$23,193$18,886$8,121
19 years$39,047$31,943$25,953$20,957$16,834$6,831
20 years$36,706$29,683$23,818$18,981$15,036$5,754
21 years$34,590$27,649$21,908$17,226$13,456$4,852
22 years$32,670$25,809$20,192$15,663$12,061$4,095
23 years$30,919$24,139$18,643$14,264$10,827$3,459
24 years$29,316$22,616$17,242$13,010$9,731$2,924
25 years$27,844$21,224$15,970$11,881$8,757$2,472
26 years$26,487$19,948$14,811$10,864$7,888$2,092
27 years$25,233$18,773$13,753$9,944$7,112$1,770
28 years$24,071$17,690$12,785$9,111$6,417$1,499
29 years$22,991$16,688$11,898$8,355$5,794$1,269
30 years$21,984$15,760$11,082$7,667$5,235$1,075
31 years$21,044$14,899$10,332$7,042$4,733$911
32 years$20,165$14,097$9,640$6,472$4,282$772
33 years$19,341$13,350$9,001$5,951$3,875$654
34 years$18,567$12,653$8,410$5,476$3,508$555
35 years$17,839$12,001$7,863$5,041$3,178$470
36 years$17,153$11,391$7,355$4,642$2,879$399
37 years$16,505$10,819$6,884$4,277$2,609$338
38 years$15,893$10,282$6,447$3,942$2,366$287
39 years$15,314$9,777$6,040$3,635$2,145$243
40 years$14,765$9,302$5,661$3,353$1,946$206
41 years$14,245$8,854$5,309$3,093$1,765$175
42 years$13,750$8,433$4,980$2,855$1,602$148
43 years$13,280$8,035$4,673$2,635$1,454$126
44 years$12,832$7,659$4,386$2,433$1,320$107
45 years$12,405$7,303$4,118$2,247$1,198$90
46 years$11,998$6,967$3,868$2,076$1,088$77
47 years$11,610$6,649$3,634$1,918$988$65
48 years$11,239$6,347$3,415$1,772$897$55
49 years$10,884$6,061$3,210$1,638$815$47
50 years$10,545$5,790$3,018$1,514$740$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,800,000, adding $6,218 every year, while hoping to spend $22,447 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: 38/46/16 Blend
62$10,800,000$10,800,000$10,800,000$10,800,000
63$11,908,014$11,335,614$11,168,214$12,302,835
64$13,098,748$11,867,176$11,518,466$13,117,904
65$14,410,184$12,424,031$11,879,698$13,995,570
66$15,854,611$13,007,397$12,252,257$14,943,594
67$17,445,569$13,618,547$12,636,495$15,968,319
68$19,197,980$14,258,818$13,032,780$17,076,699
69$21,128,284$14,929,611$13,441,488$18,276,358
70$23,254,601$15,632,393$13,863,010$19,575,657
71$25,596,896$16,368,706$14,297,746$20,983,765
72$28,177,170$17,140,164$14,746,112$22,510,744
73$31,019,668$17,948,459$15,208,533$24,167,633
74$34,151,106$18,795,365$15,685,451$25,966,550
75$37,600,925$19,682,744$16,177,320$27,920,796
76$41,401,568$20,612,547$16,684,608$30,044,976
77$45,588,784$21,586,818$17,207,799$32,355,127
78$50,201,971$22,607,703$17,747,391$34,868,864
79$55,284,541$23,677,449$18,303,898$37,605,538
80$60,884,335$24,798,416$18,877,850$40,586,408
81$67,054,073$25,973,074$19,469,793$43,834,833
82$73,851,849$27,204,015$20,080,292$47,376,485
83$81,341,684$28,493,958$20,709,928$51,239,582
84$89,594,126$29,845,752$21,359,300$55,455,140
85$98,686,918$31,262,385$22,029,028$60,057,259
86$108,705,731$32,746,990$22,719,748$65,083,432
87$119,744,976$34,302,852$23,432,120$70,574,888
88$131,908,687$35,933,416$24,166,820$76,576,969
89$145,311,514$37,642,294$24,924,549$83,139,542
90$160,079,796$39,433,273$25,706,028$90,317,462
91$176,352,757$41,310,326$26,512,002$98,171,068
92$194,283,822$43,277,615$27,343,238$106,766,746
93$214,042,063$45,339,510$28,200,528$116,177,534
94$235,813,795$47,500,587$29,084,687$126,483,799
95$259,804,336$49,765,650$29,996,558$137,773,975
96$286,239,945$52,139,733$30,937,009$150,145,385
97$315,369,956$54,628,117$31,906,936$163,705,136
98$347,469,135$57,236,338$32,907,262$178,571,112
99$382,840,270$59,970,202$33,938,938$194,873,070
100$421,817,033$62,835,798$35,002,949$212,753,837