Can I retire at age 63 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$900,112$892,094$884,272$876,637$869,181$848,859
2 years$445,600$437,301$429,258$421,460$413,896$393,537
3 years$294,116$285,781$277,758$270,033$262,593$242,833
4 years$218,389$210,079$202,137$194,544$187,283$168,275
5 years$172,964$164,705$156,867$149,428$142,370$124,167
6 years$142,691$134,494$126,772$119,499$112,652$95,273
7 years$121,076$112,948$105,348$98,247$91,616$75,063
8 years$104,872$96,817$89,343$82,417$76,005$60,271
9 years$92,275$84,297$76,951$70,201$64,007$49,080
10 years$82,204$74,303$67,088$60,514$54,537$40,401
11 years$73,969$66,148$59,063$52,665$46,904$33,539
12 years$67,112$59,371$52,417$46,194$40,646$28,031
13 years$61,314$53,654$46,831$40,783$35,444$23,555
14 years$56,349$48,770$42,078$36,202$31,070$19,882
15 years$52,049$44,552$37,991$32,286$27,356$16,843
16 years$48,291$40,876$34,444$28,909$24,178$14,312
17 years$44,978$37,645$31,343$25,974$21,438$12,192
18 years$42,037$34,786$28,612$23,408$19,061$10,409
19 years$39,408$32,239$26,193$21,151$16,990$8,902
20 years$37,046$29,958$24,039$19,156$15,176$7,625
21 years$34,911$27,905$22,111$17,386$13,580$6,539
22 years$32,972$26,048$20,379$15,808$12,173$5,615
23 years$31,205$24,362$18,816$14,396$10,927$4,825
24 years$29,588$22,826$17,402$13,130$9,822$4,150
25 years$28,102$21,421$16,117$11,991$8,838$3,572
26 years$26,733$20,132$14,948$10,964$7,961$3,076
27 years$25,467$18,947$13,881$10,036$7,177$2,650
28 years$24,294$17,853$12,904$9,195$6,476$2,284
29 years$23,203$16,843$12,008$8,432$5,848$1,970
30 years$22,188$15,906$11,185$7,738$5,284$1,699
31 years$21,239$15,037$10,428$7,107$4,777$1,466
32 years$20,352$14,228$9,729$6,532$4,321$1,265
33 years$19,520$13,474$9,084$6,006$3,911$1,092
34 years$18,739$12,770$8,488$5,526$3,541$943
35 years$18,004$12,112$7,935$5,087$3,207$814
36 years$17,312$11,496$7,423$4,685$2,906$703
37 years$16,658$10,919$6,948$4,317$2,634$607
38 years$16,041$10,377$6,507$3,979$2,388$525
39 years$15,456$9,867$6,096$3,669$2,165$453
40 years$14,902$9,388$5,714$3,384$1,964$391
41 years$14,376$8,936$5,358$3,122$1,782$338
42 years$13,877$8,511$5,026$2,881$1,617$292
43 years$13,403$8,109$4,716$2,660$1,467$252
44 years$12,951$7,730$4,427$2,456$1,332$218
45 years$12,520$7,371$4,157$2,268$1,209$189
46 years$12,110$7,032$3,904$2,095$1,098$163
47 years$11,718$6,710$3,668$1,936$997$141
48 years$11,343$6,406$3,447$1,789$905$122
49 years$10,985$6,117$3,240$1,653$822$105
50 years$10,642$5,843$3,046$1,528$747$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,900,000, adding $6,664 every year, while hoping to spend $53,005 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: 44/48/8 Blend
62$10,900,000$10,900,000$10,900,000$10,900,000
63$12,018,674$11,440,974$11,272,024$12,519,856
64$13,188,182$11,945,185$11,593,240$13,371,863
65$14,475,203$12,472,325$11,923,440$14,288,767
66$15,891,668$13,023,463$12,262,869$15,281,285
67$17,450,722$13,599,717$12,611,779$16,356,377
68$19,166,850$14,202,257$12,970,428$17,521,676
69$21,056,011$14,832,311$13,339,081$18,785,560
70$23,135,793$15,491,163$13,718,008$20,157,227
71$25,425,573$16,180,159$14,107,490$21,646,773
72$27,946,703$16,900,708$14,507,813$23,265,285
73$30,722,711$17,654,287$14,919,269$25,024,939
74$33,779,524$18,442,444$15,342,161$26,939,111
75$37,145,709$19,266,797$15,776,797$29,022,493
76$40,852,746$20,129,045$16,223,495$31,291,231
77$44,935,324$21,030,966$16,682,579$33,763,067
78$49,431,666$21,974,422$17,154,385$36,457,500
79$54,383,892$22,961,365$17,639,253$39,395,965
80$59,838,416$23,993,840$18,137,536$42,602,025
81$65,846,385$25,073,987$18,649,593$46,101,589
82$72,464,156$26,204,053$19,175,794$49,923,145
83$79,753,835$27,386,386$19,716,518$54,098,021
84$87,783,859$28,623,452$20,272,154$58,660,674
85$96,629,642$29,917,831$20,843,101$63,649,003
86$106,374,287$31,272,226$21,429,767$69,104,700
87$117,109,372$32,689,473$22,032,571$75,073,629
88$128,935,809$34,172,539$22,651,944$81,606,253
89$141,964,804$35,724,536$23,288,327$88,758,096
90$156,318,899$37,348,723$23,942,170$96,590,254
91$172,133,133$39,048,516$24,613,939$105,169,964
92$189,556,314$40,827,495$25,304,108$114,571,223
93$208,752,426$42,689,410$26,013,163$124,875,471
94$229,902,175$44,638,193$26,741,606$136,172,350
95$253,204,694$46,677,961$27,489,946$148,560,532
96$278,879,423$48,813,032$28,258,710$162,148,637
97$307,168,182$51,047,928$29,048,434$177,056,241
98$338,337,450$53,387,390$29,859,671$193,414,986
99$372,680,885$55,836,387$30,692,985$211,369,810
100$410,522,090$58,400,125$31,548,954$231,080,292