Can I retire at age 63 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$908,370$900,278$892,384$884,679$877,155$859,094
2 years$449,688$441,313$433,196$425,327$417,693$399,579
3 years$296,814$288,403$280,307$272,511$265,002$247,399
4 years$220,392$212,007$203,991$196,329$189,001$172,047
5 years$174,551$166,216$158,306$150,799$143,676$127,417
6 years$144,000$135,728$127,935$120,595$113,686$98,140
7 years$122,187$113,984$106,314$99,148$92,457$77,628
8 years$105,834$97,705$90,163$83,173$76,702$62,585
9 years$93,122$85,070$77,657$70,845$64,594$51,180
10 years$82,958$74,985$67,703$61,069$55,037$42,312
11 years$74,648$66,755$59,605$53,148$47,334$35,282
12 years$67,728$59,915$52,898$46,618$41,019$29,622
13 years$61,877$54,146$47,261$41,157$35,769$25,009
14 years$56,866$49,217$42,464$36,534$31,355$21,210
15 years$52,527$44,961$38,339$32,582$27,607$18,056
16 years$48,734$41,251$34,760$29,174$24,400$15,419
17 years$45,391$37,990$31,630$26,213$21,634$13,202
18 years$42,423$35,105$28,874$23,623$19,236$11,328
19 years$39,770$32,535$26,433$21,345$17,146$9,739
20 years$37,386$30,233$24,259$19,332$15,315$8,386
21 years$35,231$28,161$22,314$17,545$13,705$7,231
22 years$33,275$26,287$20,566$15,953$12,285$6,242
23 years$31,491$24,586$18,989$14,528$11,027$5,394
24 years$29,859$23,035$17,561$13,251$9,912$4,665
25 years$28,360$21,617$16,265$12,101$8,919$4,037
26 years$26,978$20,317$15,085$11,065$8,034$3,496
27 years$25,701$19,121$14,008$10,128$7,243$3,030
28 years$24,517$18,017$13,022$9,279$6,536$2,626
29 years$23,416$16,997$12,118$8,509$5,902$2,278
30 years$22,391$16,052$11,288$7,809$5,332$1,976
31 years$21,434$15,175$10,523$7,172$4,821$1,715
32 years$20,539$14,358$9,818$6,592$4,361$1,489
33 years$19,699$13,597$9,167$6,061$3,947$1,293
34 years$18,911$12,887$8,565$5,577$3,573$1,122
35 years$18,169$12,223$8,008$5,134$3,236$975
36 years$17,471$11,602$7,491$4,728$2,932$847
37 years$16,811$11,019$7,012$4,357$2,658$736
38 years$16,188$10,472$6,566$4,016$2,409$639
39 years$15,598$9,958$6,152$3,702$2,185$556
40 years$15,039$9,474$5,766$3,415$1,982$483
41 years$14,508$9,018$5,407$3,151$1,798$420
42 years$14,005$8,589$5,072$2,908$1,632$365
43 years$13,526$8,183$4,759$2,684$1,481$317
44 years$13,070$7,801$4,467$2,478$1,344$276
45 years$12,635$7,439$4,195$2,289$1,220$240
46 years$12,221$7,096$3,940$2,114$1,108$208
47 years$11,825$6,772$3,701$1,953$1,006$181
48 years$11,447$6,465$3,478$1,805$914$157
49 years$11,086$6,173$3,269$1,668$830$137
50 years$10,740$5,897$3,074$1,542$754$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $11,000,000, adding $2,979 every year, while hoping to spend $57,689 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: 70/19/11 Blend
62$11,000,000$11,000,000$11,000,000$11,000,000
63$12,125,073$11,542,073$11,371,573$12,946,250
64$13,300,450$12,046,254$11,691,140$13,995,193
65$14,593,781$12,573,206$12,019,479$15,135,386
66$16,017,039$13,123,985$12,356,823$16,381,582
67$17,583,411$13,699,694$12,703,411$17,744,202
68$19,307,431$14,301,491$13,059,487$19,234,715
69$21,205,112$14,930,588$13,425,303$20,865,744
70$23,294,099$15,588,252$13,801,117$22,651,182
71$25,593,834$16,275,813$14,187,191$24,606,323
72$28,125,739$16,994,662$14,583,796$26,747,999
73$30,913,421$17,746,257$14,991,209$29,094,743
74$33,982,890$18,532,124$15,409,715$31,666,956
75$37,362,809$19,353,862$15,839,604$34,487,101
76$41,084,759$20,213,145$16,281,175$37,579,907
77$45,183,544$21,111,728$16,734,734$40,972,605
78$49,697,511$22,051,448$17,200,593$44,695,180
79$54,668,917$23,034,230$17,679,073$48,780,649
80$60,144,328$24,062,089$18,170,504$53,265,372
81$66,175,056$25,137,137$18,675,221$58,189,390
82$72,817,642$26,261,587$19,193,572$63,596,800
83$80,134,392$27,437,756$19,725,907$69,536,167
84$88,193,966$28,668,072$20,272,591$76,060,981
85$97,072,021$29,955,078$20,833,993$83,230,152
86$106,851,929$31,301,438$21,410,494$91,108,569
87$117,625,563$32,709,946$22,002,482$99,767,702
88$129,494,161$34,183,524$22,610,356$109,286,277
89$142,569,286$35,725,237$23,234,524$119,751,010
90$156,973,876$37,338,297$23,875,403$131,257,422
91$172,843,404$39,026,065$24,533,421$143,910,736
92$190,327,156$40,792,067$25,209,016$157,826,867
93$209,589,643$42,639,996$25,902,635$173,133,503
94$230,812,151$44,573,720$26,614,738$189,971,313
95$254,194,453$46,597,295$27,345,794$208,495,263
96$279,956,692$48,714,967$28,096,283$228,876,074
97$308,341,463$50,931,190$28,866,697$251,301,826
98$339,616,101$53,250,626$29,657,540$275,979,730
99$374,075,202$55,678,165$30,469,326$303,138,069
100$412,043,406$58,218,929$31,302,582$333,028,353