Can I retire at age 63 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$916,628$908,463$900,497$892,722$885,130$876,616
2 years$453,776$445,325$437,134$429,193$421,490$412,914
3 years$299,512$291,025$282,855$274,988$267,411$259,037
4 years$222,396$213,934$205,846$198,114$190,720$182,614
5 years$176,138$167,727$159,745$152,170$144,982$137,168
6 years$145,309$136,962$129,098$121,692$114,719$107,206
7 years$123,297$115,020$107,281$100,049$93,298$86,089
8 years$106,796$98,593$90,983$83,929$77,399$70,495
9 years$93,968$85,843$78,363$71,489$65,181$58,579
10 years$83,712$75,667$68,319$61,624$55,538$49,233
11 years$75,327$67,362$60,147$53,631$47,764$41,753
12 years$68,343$60,460$53,379$47,042$41,392$35,667
13 years$62,439$54,638$47,690$41,531$36,094$30,650
14 years$57,383$49,665$42,850$36,867$31,640$26,469
15 years$53,004$45,370$38,688$32,879$27,858$22,953
16 years$49,177$41,626$35,076$29,439$24,621$19,973
17 years$45,804$38,336$31,918$26,451$21,831$17,432
18 years$42,808$35,424$29,137$23,838$19,411$15,252
19 years$40,132$32,831$26,673$21,539$17,302$13,375
20 years$37,725$30,508$24,480$19,508$15,454$11,750
21 years$35,551$28,417$22,517$17,705$13,830$10,340
22 years$33,577$26,526$20,752$16,098$12,396$9,112
23 years$31,778$24,809$19,161$14,660$11,128$8,039
24 years$30,131$23,245$17,721$13,371$10,002$7,101
25 years$28,618$21,814$16,413$12,211$9,000$6,278
26 years$27,223$20,502$15,222$11,165$8,107$5,555
27 years$25,934$19,294$14,135$10,220$7,309$4,919
28 years$24,739$18,181$13,141$9,364$6,595$4,358
29 years$23,629$17,152$12,228$8,587$5,955$3,864
30 years$22,595$16,198$11,390$7,880$5,381$3,427
31 years$21,629$15,312$10,619$7,238$4,865$3,041
32 years$20,726$14,489$9,908$6,652$4,401$2,700
33 years$19,878$13,721$9,251$6,117$3,983$2,397
34 years$19,083$13,004$8,643$5,628$3,606$2,130
35 years$18,335$12,334$8,081$5,181$3,266$1,892
36 years$17,629$11,707$7,560$4,771$2,959$1,682
37 years$16,964$11,119$7,076$4,396$2,682$1,495
38 years$16,335$10,567$6,626$4,052$2,431$1,329
39 years$15,740$10,048$6,208$3,736$2,205$1,182
40 years$15,175$9,560$5,819$3,446$2,000$1,051
41 years$14,640$9,100$5,456$3,179$1,814$935
42 years$14,132$8,667$5,118$2,934$1,646$832
43 years$13,649$8,258$4,802$2,709$1,494$740
44 years$13,188$7,871$4,508$2,501$1,356$659
45 years$12,750$7,506$4,233$2,310$1,231$586
46 years$12,332$7,161$3,976$2,134$1,118$522
47 years$11,933$6,833$3,735$1,971$1,015$464
48 years$11,551$6,523$3,510$1,821$922$413
49 years$11,186$6,229$3,299$1,683$837$368
50 years$10,837$5,951$3,102$1,556$760$327

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $11,100,000, adding $5,041 every year, while hoping to spend $35,170 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: 64/30/6 Blend
62$11,100,000$11,100,000$11,100,000$11,100,000
63$12,237,400$11,649,100$11,477,050$13,008,031
64$13,448,194$12,182,485$11,824,110$14,054,851
65$14,781,310$12,740,827$12,181,619$15,193,048
66$16,249,189$13,325,313$12,549,888$16,435,187
67$17,865,537$13,937,184$12,929,240$17,791,347
68$19,645,458$14,577,743$13,320,006$19,272,611
69$21,605,597$15,248,354$13,722,529$20,891,170
70$23,764,294$15,950,450$14,137,159$22,660,429
71$26,141,759$16,685,528$14,564,260$24,595,137
72$28,760,260$17,455,160$15,004,205$26,711,518
73$31,644,337$18,260,994$15,457,376$29,027,421
74$34,821,032$19,104,756$15,924,171$31,562,486
75$38,320,143$19,988,254$16,404,996$34,338,323
76$42,174,504$20,913,386$16,900,271$37,378,714
77$46,420,301$21,882,139$17,410,427$40,709,831
78$51,097,404$22,896,596$17,935,909$44,360,478
79$56,249,753$23,958,943$18,477,175$48,362,360
80$61,925,764$25,071,467$19,034,697$52,750,375
81$68,178,792$26,236,569$19,608,960$57,562,937
82$75,067,632$27,456,765$20,200,463$62,842,336
83$82,657,074$28,734,689$20,809,722$68,635,129
84$91,018,514$30,073,107$21,437,265$74,992,574
85$100,230,628$31,474,916$22,083,640$81,971,105
86$110,380,118$32,943,152$22,749,408$89,632,861
87$121,562,524$34,481,000$23,435,146$98,046,262
88$133,883,129$36,091,797$24,141,452$107,286,652
89$147,457,955$37,779,042$24,868,937$117,436,995
90$162,414,853$39,546,402$25,618,233$128,588,659
91$178,894,715$41,397,722$26,389,991$140,842,260
92$197,052,800$43,337,035$27,184,880$154,308,609
93$217,060,200$45,368,564$28,003,588$169,109,749
94$239,105,458$47,496,741$28,846,825$185,380,092
95$263,396,343$49,726,209$29,715,322$203,267,682
96$290,161,815$52,061,839$30,609,831$222,935,578
97$319,654,185$54,508,734$31,531,125$244,563,386
98$352,151,497$57,072,247$32,480,003$268,348,936
99$387,960,151$59,757,989$33,457,285$294,510,145
100$427,417,798$62,571,842$34,463,815$323,287,055