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

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$916,628$908,463$900,497$892,722$885,130$867,613
2 years$453,776$445,325$437,134$429,193$421,490$403,917
3 years$299,512$291,025$282,855$274,988$267,411$250,328
4 years$222,396$213,934$205,846$198,114$190,720$174,259
5 years$176,138$167,727$159,745$152,170$144,982$129,191
6 years$145,309$136,962$129,098$121,692$114,719$99,615
7 years$123,297$115,020$107,281$100,049$93,298$78,883
8 years$106,796$98,593$90,983$83,929$77,399$63,671
9 years$93,968$85,843$78,363$71,489$65,181$52,130
10 years$83,712$75,667$68,319$61,624$55,538$43,151
11 years$75,327$67,362$60,147$53,631$47,764$36,027
12 years$68,343$60,460$53,379$47,042$41,392$30,287
13 years$62,439$54,638$47,690$41,531$36,094$25,604
14 years$57,383$49,665$42,850$36,867$31,640$21,744
15 years$53,004$45,370$38,688$32,879$27,858$18,536
16 years$49,177$41,626$35,076$29,439$24,621$15,852
17 years$45,804$38,336$31,918$26,451$21,831$13,592
18 years$42,808$35,424$29,137$23,838$19,411$11,680
19 years$40,132$32,831$26,673$21,539$17,302$10,056
20 years$37,725$30,508$24,480$19,508$15,454$8,672
21 years$35,551$28,417$22,517$17,705$13,830$7,489
22 years$33,577$26,526$20,752$16,098$12,396$6,475
23 years$31,778$24,809$19,161$14,660$11,128$5,604
24 years$30,131$23,245$17,721$13,371$10,002$4,854
25 years$28,618$21,814$16,413$12,211$9,000$4,208
26 years$27,223$20,502$15,222$11,165$8,107$3,650
27 years$25,934$19,294$14,135$10,220$7,309$3,168
28 years$24,739$18,181$13,141$9,364$6,595$2,751
29 years$23,629$17,152$12,228$8,587$5,955$2,389
30 years$22,595$16,198$11,390$7,880$5,381$2,076
31 years$21,629$15,312$10,619$7,238$4,865$1,805
32 years$20,726$14,489$9,908$6,652$4,401$1,569
33 years$19,878$13,721$9,251$6,117$3,983$1,365
34 years$19,083$13,004$8,643$5,628$3,606$1,187
35 years$18,335$12,334$8,081$5,181$3,266$1,033
36 years$17,629$11,707$7,560$4,771$2,959$899
37 years$16,964$11,119$7,076$4,396$2,682$782
38 years$16,335$10,567$6,626$4,052$2,431$681
39 years$15,740$10,048$6,208$3,736$2,205$593
40 years$15,175$9,560$5,819$3,446$2,000$516
41 years$14,640$9,100$5,456$3,179$1,814$449
42 years$14,132$8,667$5,118$2,934$1,646$391
43 years$13,649$8,258$4,802$2,709$1,494$341
44 years$13,188$7,871$4,508$2,501$1,356$297
45 years$12,750$7,506$4,233$2,310$1,231$258
46 years$12,332$7,161$3,976$2,134$1,118$225
47 years$11,933$6,833$3,735$1,971$1,015$196
48 years$11,551$6,523$3,510$1,821$922$171
49 years$11,186$6,229$3,299$1,683$837$149
50 years$10,837$5,951$3,102$1,556$760$129

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 $4,232 every year, while hoping to spend $38,090 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: 73/14/13 Blend
62$11,100,000$11,100,000$11,100,000$11,100,000
63$12,236,565$11,648,265$11,476,215$13,096,004
64$13,444,168$12,178,503$11,820,141$14,195,397
65$14,773,669$12,733,445$12,174,312$15,394,120
66$16,237,462$13,314,263$12,539,030$16,706,097
67$17,849,204$13,922,183$12,914,609$18,142,535
68$19,623,942$14,558,490$13,301,368$19,715,772
69$21,578,259$15,224,530$13,699,638$21,439,390
70$23,730,425$15,921,716$14,109,759$23,328,340
71$26,100,574$16,651,526$14,532,082$25,399,083
72$28,710,892$17,415,510$14,966,967$27,669,743
73$31,585,827$18,215,294$15,414,784$30,160,276
74$34,752,318$19,052,580$15,875,915$32,892,655
75$38,240,049$19,929,151$16,350,754$35,891,075
76$42,081,734$20,846,879$16,839,704$39,182,181
77$46,313,418$21,807,724$17,343,181$42,795,314
78$50,974,824$22,813,739$17,861,615$46,762,790
79$56,109,722$23,867,078$18,395,445$51,120,195
80$61,766,347$24,969,999$18,945,125$55,906,725
81$67,997,851$26,124,865$19,511,124$61,165,548
82$74,862,805$27,334,157$20,093,920$66,944,213
83$82,425,754$28,600,473$20,694,009$73,295,090
84$90,757,822$29,926,537$21,311,899$80,275,865
85$99,937,387$31,315,205$21,948,115$87,950,080
86$110,050,819$32,769,469$22,603,196$96,387,728
87$121,193,296$34,292,466$23,277,696$105,665,911
88$133,469,700$35,887,485$23,972,186$115,869,563
89$146,995,609$37,557,972$24,687,255$127,092,247
90$161,898,390$39,307,541$25,423,507$139,437,036
91$178,318,395$41,139,980$26,181,563$153,017,479
92$196,410,291$43,059,259$26,962,066$167,958,668
93$216,344,518$45,069,540$27,765,672$184,398,416
94$238,308,899$47,175,187$28,593,062$202,488,550
95$262,510,409$49,380,773$29,444,932$222,396,339
96$289,177,134$51,691,095$30,322,001$244,306,071
97$318,560,421$54,111,178$31,225,007$268,420,783
98$350,937,251$56,646,293$32,154,712$294,964,169
99$386,612,853$59,301,963$33,111,897$324,182,692
100$425,923,587$62,083,982$34,097,368$356,347,899