Can I retire at age 63 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$924,886$916,647$908,609$900,764$893,104$877,586
2 years$457,864$449,337$441,073$433,060$425,287$409,704
3 years$302,211$293,647$285,403$277,466$269,820$254,656
4 years$224,399$215,861$207,700$199,898$192,438$177,810
5 years$177,725$169,238$161,184$153,541$146,288$132,239
6 years$146,618$138,195$130,261$122,788$115,753$102,298
7 years$124,408$116,056$108,247$100,951$94,138$81,281
8 years$107,758$99,482$91,802$84,685$78,097$65,835
9 years$94,815$86,617$79,069$72,133$65,769$54,095
10 years$84,467$76,348$68,934$62,179$56,038$44,943
11 years$76,005$67,969$60,689$54,115$48,195$37,666
12 years$68,959$61,005$53,860$47,466$41,764$31,788
13 years$63,002$55,131$48,120$41,905$36,419$26,979
14 years$57,900$50,112$43,236$37,199$31,925$23,005
15 years$53,482$45,778$39,036$33,175$28,109$19,693
16 years$49,620$42,001$35,392$29,704$24,843$16,912
17 years$46,216$38,681$32,205$26,689$22,028$14,563
18 years$43,194$35,743$29,399$24,052$19,586$12,570
19 years$40,493$33,126$26,914$21,733$17,457$10,870
20 years$38,065$30,783$24,700$19,684$15,593$9,417
21 years$35,871$28,673$22,719$17,864$13,954$8,169
22 years$33,880$26,765$20,939$16,243$12,508$7,095
23 years$32,064$25,033$19,334$14,793$11,228$6,169
24 years$30,402$23,454$17,881$13,492$10,092$5,369
25 years$28,875$22,010$16,561$12,321$9,081$4,677
26 years$27,468$20,686$15,359$11,266$8,180$4,076
27 years$26,168$19,468$14,263$10,312$7,375$3,555
28 years$24,962$18,345$13,259$9,448$6,655$3,102
29 years$23,842$17,306$12,339$8,664$6,009$2,708
30 years$22,798$16,344$11,493$7,951$5,429$2,365
31 years$21,824$15,450$10,715$7,303$4,909$2,066
32 years$20,912$14,619$9,997$6,711$4,440$1,805
33 years$20,058$13,845$9,334$6,172$4,018$1,578
34 years$19,255$13,122$8,721$5,679$3,638$1,379
35 years$18,500$12,446$8,154$5,227$3,295$1,206
36 years$17,788$11,813$7,628$4,814$2,986$1,055
37 years$17,117$11,219$7,139$4,436$2,706$923
38 years$16,482$10,662$6,686$4,089$2,453$807
39 years$15,881$10,139$6,264$3,770$2,225$706
40 years$15,312$9,646$5,871$3,477$2,018$618
41 years$14,772$9,182$5,505$3,208$1,831$541
42 years$14,259$8,745$5,164$2,961$1,661$473
43 years$13,771$8,332$4,846$2,733$1,508$414
44 years$13,307$7,942$4,549$2,524$1,368$363
45 years$12,865$7,574$4,271$2,331$1,242$317
46 years$12,443$7,225$4,011$2,153$1,128$278
47 years$12,040$6,895$3,769$1,989$1,024$243
48 years$11,655$6,582$3,541$1,838$930$213
49 years$11,287$6,286$3,329$1,698$845$186
50 years$10,935$6,004$3,130$1,570$767$163

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $11,200,000, adding $6,163 every year, while hoping to spend $24,465 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: 46/26/28 Blend
62$11,200,000$11,200,000$11,200,000$11,200,000
63$12,348,757$11,755,157$11,581,557$12,816,966
64$13,582,300$12,305,129$11,943,509$13,699,250
65$14,940,844$12,881,230$12,316,766$14,653,119
66$16,437,114$13,484,714$12,701,681$15,687,647
67$18,085,130$14,116,896$13,098,619$16,810,407
68$19,900,345$14,779,155$13,507,954$18,029,716
69$21,899,783$15,472,937$13,930,073$19,354,710
70$24,102,207$16,199,757$14,365,376$20,795,430
71$26,528,290$16,961,203$14,814,274$22,362,907
72$29,200,814$17,758,941$15,277,191$24,069,267
73$32,144,886$18,594,717$15,754,566$25,927,841
74$35,388,168$19,470,362$16,246,848$27,953,280
75$38,961,148$20,387,796$16,754,503$30,161,699
76$42,897,418$21,349,031$17,278,012$32,570,812
77$47,233,997$22,356,177$17,817,869$35,200,106
78$52,011,681$23,411,446$18,374,583$38,071,010
79$57,275,423$24,517,157$18,948,682$41,207,098
80$63,074,760$25,675,742$19,540,708$44,634,301
81$69,464,284$26,889,751$20,151,219$48,381,150
82$76,504,149$28,161,857$20,780,793$52,479,035
83$84,260,648$29,494,864$21,430,025$56,962,497
84$92,806,832$30,891,710$22,099,529$61,869,547
85$102,223,201$32,355,476$22,789,936$67,242,016
86$112,598,468$33,889,395$23,501,899$73,125,944
87$124,030,389$35,496,853$24,236,090$79,572,004
88$136,626,693$37,181,403$24,993,204$86,635,976
89$150,506,094$38,946,770$25,773,954$94,379,261
90$165,799,414$40,796,860$26,579,080$102,869,454
91$182,650,816$42,735,767$27,409,340$112,180,972
92$201,219,166$44,767,787$28,265,520$122,395,745
93$221,679,534$46,897,422$29,148,428$133,603,982
94$244,224,844$49,129,393$30,058,898$145,905,009
95$269,067,696$51,468,651$30,997,790$159,408,197
96$296,442,375$53,920,389$31,965,989$174,233,982
97$326,607,059$56,490,050$32,964,412$190,514,989
98$359,846,259$59,183,342$33,993,999$208,397,273
99$396,473,504$62,006,252$35,055,724$228,041,680
100$436,834,300$64,965,057$36,150,590$249,625,359