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%18.7%
1 years$891,854$883,910$876,159$868,594$861,207$830,981
2 years$441,512$433,289$425,320$417,593$410,099$379,964
3 years$291,417$283,159$275,210$267,556$260,183$231,087
4 years$216,385$208,152$200,283$192,759$185,565$157,729
5 years$171,377$163,194$155,427$148,057$141,064$114,561
6 years$141,382$133,260$125,608$118,403$111,619$86,470
7 years$119,965$111,911$104,381$97,345$90,776$66,976
8 years$103,910$95,929$88,524$81,661$75,307$52,837
9 years$91,429$83,523$76,245$69,557$63,420$42,250
10 years$81,450$73,622$66,472$59,959$54,037$34,132
11 years$73,291$65,541$58,521$52,182$46,473$27,793
12 years$66,496$58,826$51,936$45,771$40,273$22,773
13 years$60,752$53,162$46,401$40,409$35,119$18,752
14 years$55,832$48,322$41,692$35,870$30,785$15,503
15 years$51,572$44,143$37,642$31,990$27,105$12,859
16 years$47,848$40,501$34,128$28,644$23,956$10,694
17 years$44,566$37,300$31,055$25,736$21,241$8,912
18 years$41,651$34,467$28,349$23,193$18,886$7,441
19 years$39,047$31,943$25,953$20,957$16,834$6,222
20 years$36,706$29,683$23,818$18,981$15,036$5,209
21 years$34,590$27,649$21,908$17,226$13,456$4,365
22 years$32,670$25,809$20,192$15,663$12,061$3,661
23 years$30,919$24,139$18,643$14,264$10,827$3,073
24 years$29,316$22,616$17,242$13,010$9,731$2,581
25 years$27,844$21,224$15,970$11,881$8,757$2,169
26 years$26,487$19,948$14,811$10,864$7,888$1,823
27 years$25,233$18,773$13,753$9,944$7,112$1,533
28 years$24,071$17,690$12,785$9,111$6,417$1,289
29 years$22,991$16,688$11,898$8,355$5,794$1,085
30 years$21,984$15,760$11,082$7,667$5,235$913
31 years$21,044$14,899$10,332$7,042$4,733$768
32 years$20,165$14,097$9,640$6,472$4,282$647
33 years$19,341$13,350$9,001$5,951$3,875$545
34 years$18,567$12,653$8,410$5,476$3,508$459
35 years$17,839$12,001$7,863$5,041$3,178$386
36 years$17,153$11,391$7,355$4,642$2,879$325
37 years$16,505$10,819$6,884$4,277$2,609$274
38 years$15,893$10,282$6,447$3,942$2,366$231
39 years$15,314$9,777$6,040$3,635$2,145$194
40 years$14,765$9,302$5,661$3,353$1,946$164
41 years$14,245$8,854$5,309$3,093$1,765$138
42 years$13,750$8,433$4,980$2,855$1,602$116
43 years$13,280$8,035$4,673$2,635$1,454$98
44 years$12,832$7,659$4,386$2,433$1,320$82
45 years$12,405$7,303$4,118$2,247$1,198$69
46 years$11,998$6,967$3,868$2,076$1,088$58
47 years$11,610$6,649$3,634$1,918$988$49
48 years$11,239$6,347$3,415$1,772$897$41
49 years$10,884$6,061$3,210$1,638$815$35
50 years$10,545$5,790$3,018$1,514$740$29

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 $5,200 every year, while hoping to spend $29,869 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: 55/34/11 Blend
62$10,800,000$10,800,000$10,800,000$10,800,000
63$11,906,964$11,334,564$11,167,164$12,528,525
64$13,089,694$11,858,177$11,509,483$13,473,886
65$14,392,061$12,406,446$11,862,270$14,498,979
66$15,826,237$12,980,548$12,225,842$15,614,404
67$17,405,634$13,581,716$12,600,528$16,828,767
68$19,145,031$14,211,242$12,986,668$18,151,524
69$21,060,713$14,870,481$13,384,610$19,593,070
70$23,170,625$15,560,855$13,794,714$21,164,829
71$25,494,543$16,283,851$14,217,351$22,879,359
72$28,054,257$17,041,029$14,652,902$24,750,467
73$30,873,778$17,834,027$15,101,762$26,793,336
74$33,979,567$18,664,558$15,564,335$29,024,661
75$37,400,781$19,534,420$16,041,038$31,462,802
76$41,169,552$20,445,497$16,532,304$34,127,956
77$45,321,284$21,399,765$17,038,574$37,042,336
78$49,894,995$22,399,293$17,560,306$40,230,382
79$54,933,679$23,446,253$18,097,971$43,718,980
80$60,484,715$24,542,920$18,652,053$47,537,712
81$66,600,312$25,691,679$19,223,053$51,719,132
82$73,338,003$26,895,031$19,811,486$56,299,060
83$80,761,190$28,155,598$20,417,881$61,316,919
84$88,939,738$29,476,129$21,042,786$66,816,098
85$97,950,635$30,859,503$21,686,764$72,844,350
86$107,878,725$32,308,743$22,350,395$79,454,243
87$118,817,498$33,827,016$23,034,277$86,703,639
88$130,869,984$35,417,640$23,739,026$94,656,238
89$144,149,716$37,084,098$24,465,277$103,382,167
90$158,781,807$38,830,039$25,213,683$112,958,634
91$174,904,129$40,659,288$25,984,919$123,470,642
92$192,668,614$42,575,858$26,779,679$135,011,790
93$212,242,692$44,583,955$27,598,677$147,685,137
94$233,810,865$46,687,987$28,442,651$161,604,166
95$257,576,454$48,892,578$29,312,360$176,893,845
96$283,763,514$51,202,576$30,208,586$193,691,794
97$312,618,953$53,623,063$31,132,135$212,149,567
98$344,414,861$56,159,369$32,083,836$232,434,072
99$379,451,079$58,817,079$33,064,547$254,729,135
100$418,058,026$61,602,054$34,075,146$279,237,211