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

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$891,854$883,910$876,159$868,594$861,207$844,856
2 years$441,512$433,289$425,320$417,593$410,099$393,689
3 years$291,417$283,159$275,210$267,556$260,183$244,226
4 years$216,385$208,152$200,283$192,759$185,565$170,184
5 years$171,377$163,194$155,427$148,057$141,064$126,302
6 years$141,382$133,260$125,608$118,403$111,619$97,493
7 years$119,965$111,911$104,381$97,345$90,776$77,290
8 years$103,910$95,929$88,524$81,661$75,307$62,457
9 years$91,429$83,523$76,245$69,557$63,420$51,198
10 years$81,450$73,622$66,472$59,959$54,037$42,431
11 years$73,291$65,541$58,521$52,182$46,473$35,471
12 years$66,496$58,826$51,936$45,771$40,273$29,858
13 years$60,752$53,162$46,401$40,409$35,119$25,275
14 years$55,832$48,322$41,692$35,870$30,785$21,494
15 years$51,572$44,143$37,642$31,990$27,105$18,348
16 years$47,848$40,501$34,128$28,644$23,956$15,713
17 years$44,566$37,300$31,055$25,736$21,241$13,492
18 years$41,651$34,467$28,349$23,193$18,886$11,611
19 years$39,047$31,943$25,953$20,957$16,834$10,012
20 years$36,706$29,683$23,818$18,981$15,036$8,647
21 years$34,590$27,649$21,908$17,226$13,456$7,479
22 years$32,670$25,809$20,192$15,663$12,061$6,476
23 years$30,919$24,139$18,643$14,264$10,827$5,613
24 years$29,316$22,616$17,242$13,010$9,731$4,870
25 years$27,844$21,224$15,970$11,881$8,757$4,228
26 years$26,487$19,948$14,811$10,864$7,888$3,674
27 years$25,233$18,773$13,753$9,944$7,112$3,193
28 years$24,071$17,690$12,785$9,111$6,417$2,777
29 years$22,991$16,688$11,898$8,355$5,794$2,417
30 years$21,984$15,760$11,082$7,667$5,235$2,103
31 years$21,044$14,899$10,332$7,042$4,733$1,832
32 years$20,165$14,097$9,640$6,472$4,282$1,595
33 years$19,341$13,350$9,001$5,951$3,875$1,390
34 years$18,567$12,653$8,410$5,476$3,508$1,211
35 years$17,839$12,001$7,863$5,041$3,178$1,055
36 years$17,153$11,391$7,355$4,642$2,879$920
37 years$16,505$10,819$6,884$4,277$2,609$802
38 years$15,893$10,282$6,447$3,942$2,366$699
39 years$15,314$9,777$6,040$3,635$2,145$610
40 years$14,765$9,302$5,661$3,353$1,946$532
41 years$14,245$8,854$5,309$3,093$1,765$464
42 years$13,750$8,433$4,980$2,855$1,602$404
43 years$13,280$8,035$4,673$2,635$1,454$353
44 years$12,832$7,659$4,386$2,433$1,320$308
45 years$12,405$7,303$4,118$2,247$1,198$268
46 years$11,998$6,967$3,868$2,076$1,088$234
47 years$11,610$6,649$3,634$1,918$988$204
48 years$11,239$6,347$3,415$1,772$897$178
49 years$10,884$6,061$3,210$1,638$815$155
50 years$10,545$5,790$3,018$1,514$740$136

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 $5,331 every year, while hoping to spend $50,449 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: 63/15/22 Blend
62$10,800,000$10,800,000$10,800,000$10,800,000
63$11,907,099$11,334,699$11,167,299$12,588,812
64$13,067,946$11,836,422$11,487,726$13,551,217
65$14,345,508$12,361,038$11,817,197$14,595,771
66$15,751,637$12,909,617$12,155,961$15,735,472
67$17,299,393$13,483,277$12,504,274$16,979,620
68$19,003,164$14,083,190$12,862,400$18,338,450
69$20,878,806$14,710,586$13,230,609$19,823,225
70$22,943,788$15,366,749$13,609,179$21,446,338
71$25,217,363$16,053,027$13,998,394$23,221,432
72$27,720,740$16,770,832$14,398,547$25,163,523
73$30,477,296$17,521,643$14,809,939$27,289,138
74$33,512,785$18,307,008$15,232,876$29,616,474
75$36,855,588$19,128,550$15,667,677$32,165,560
76$40,536,978$19,987,970$16,114,665$34,958,452
77$44,591,418$20,887,048$16,574,173$38,019,429
78$49,056,879$21,827,651$17,046,545$41,375,227
79$53,975,208$22,811,732$17,532,131$45,055,285
80$59,392,514$23,841,342$18,031,292$49,092,020
81$65,359,607$24,918,625$18,544,398$53,521,129
82$71,932,480$26,045,830$19,071,828$58,381,925
83$79,172,831$27,225,313$19,613,972$63,717,703
84$87,148,649$28,459,543$20,171,229$69,576,146
85$95,934,857$29,751,107$20,744,011$76,009,767
86$105,614,015$31,102,713$21,332,738$83,076,410
87$116,277,101$32,517,204$21,937,842$90,839,781
88$128,024,373$33,997,553$22,559,766$99,370,054
89$140,966,306$35,546,881$23,198,966$108,744,523
90$155,224,645$37,168,454$23,855,907$119,048,331
91$170,933,548$38,865,697$24,531,069$130,375,266
92$188,240,852$40,642,199$25,224,943$142,828,642
93$207,309,473$42,501,720$25,938,032$156,522,272
94$228,318,936$44,448,201$26,670,853$171,581,530
95$251,467,077$46,485,773$27,423,936$188,144,537
96$276,971,906$48,618,763$28,197,825$206,363,455
97$305,073,666$50,851,708$28,993,078$226,405,914
98$336,037,101$53,189,362$29,810,266$248,456,593
99$370,153,952$55,636,708$30,649,977$272,718,957
100$407,745,716$58,198,967$31,512,812$299,417,164