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%15.3%
1 years$924,886$916,647$908,609$900,764$893,104$873,643
2 years$457,864$449,337$441,073$433,060$425,287$405,780
3 years$302,211$293,647$285,403$277,466$269,820$250,873
4 years$224,399$215,861$207,700$199,898$192,438$174,198
5 years$177,725$169,238$161,184$153,541$146,288$128,808
6 years$146,618$138,195$130,261$122,788$115,753$99,049
7 years$124,408$116,056$108,247$100,951$94,138$78,215
8 years$107,758$99,482$91,802$84,685$78,097$62,948
9 years$94,815$86,617$79,069$72,133$65,769$51,384
10 years$84,467$76,348$68,934$62,179$56,038$42,403
11 years$76,005$67,969$60,689$54,115$48,195$35,290
12 years$68,959$61,005$53,860$47,466$41,764$29,571
13 years$63,002$55,131$48,120$41,905$36,419$24,916
14 years$57,900$50,112$43,236$37,199$31,925$21,088
15 years$53,482$45,778$39,036$33,175$28,109$17,915
16 years$49,620$42,001$35,392$29,704$24,843$15,266
17 years$46,216$38,681$32,205$26,689$22,028$13,043
18 years$43,194$35,743$29,399$24,052$19,586$11,167
19 years$40,493$33,126$26,914$21,733$17,457$9,579
20 years$38,065$30,783$24,700$19,684$15,593$8,230
21 years$35,871$28,673$22,719$17,864$13,954$7,080
22 years$33,880$26,765$20,939$16,243$12,508$6,098
23 years$32,064$25,033$19,334$14,793$11,228$5,257
24 years$30,402$23,454$17,881$13,492$10,092$4,535
25 years$28,875$22,010$16,561$12,321$9,081$3,916
26 years$27,468$20,686$15,359$11,266$8,180$3,383
27 years$26,168$19,468$14,263$10,312$7,375$2,924
28 years$24,962$18,345$13,259$9,448$6,655$2,529
29 years$23,842$17,306$12,339$8,664$6,009$2,188
30 years$22,798$16,344$11,493$7,951$5,429$1,893
31 years$21,824$15,450$10,715$7,303$4,909$1,639
32 years$20,912$14,619$9,997$6,711$4,440$1,419
33 years$20,058$13,845$9,334$6,172$4,018$1,229
34 years$19,255$13,122$8,721$5,679$3,638$1,065
35 years$18,500$12,446$8,154$5,227$3,295$923
36 years$17,788$11,813$7,628$4,814$2,986$799
37 years$17,117$11,219$7,139$4,436$2,706$693
38 years$16,482$10,662$6,686$4,089$2,453$600
39 years$15,881$10,139$6,264$3,770$2,225$520
40 years$15,312$9,646$5,871$3,477$2,018$451
41 years$14,772$9,182$5,505$3,208$1,831$391
42 years$14,259$8,745$5,164$2,961$1,661$339
43 years$13,771$8,332$4,846$2,733$1,508$294
44 years$13,307$7,942$4,549$2,524$1,368$255
45 years$12,865$7,574$4,271$2,331$1,242$221
46 years$12,443$7,225$4,011$2,153$1,128$192
47 years$12,040$6,895$3,769$1,989$1,024$166
48 years$11,655$6,582$3,541$1,838$930$144
49 years$11,287$6,286$3,329$1,698$845$125
50 years$10,935$6,004$3,130$1,570$767$108

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 $4,921 every year, while hoping to spend $30,727 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: 76/15/9 Blend
62$11,200,000$11,200,000$11,200,000$11,200,000
63$12,347,476$11,753,876$11,580,276$13,267,424
64$13,574,225$12,297,123$11,935,522$14,416,693
65$14,925,073$12,865,959$12,301,639$15,671,707
66$16,412,645$13,461,605$12,678,958$17,046,493
67$18,050,854$14,085,343$13,067,822$18,552,937
68$19,855,030$14,738,513$13,468,583$20,204,122
69$21,842,065$15,422,523$13,881,603$22,014,453
70$24,030,576$16,138,847$14,307,257$23,999,786
71$26,441,075$16,889,030$14,745,930$26,177,580
72$29,096,164$17,674,692$15,198,019$28,567,058
73$32,020,753$18,497,533$15,663,933$31,189,387
74$35,242,289$19,359,331$16,144,093$34,067,873
75$38,791,017$20,261,952$16,638,935$37,228,183
76$42,700,267$21,207,354$17,148,905$40,698,579
77$47,006,766$22,197,586$17,674,465$44,510,187
78$51,750,987$23,234,799$18,216,091$48,697,287
79$56,977,528$24,321,245$18,774,271$53,297,631
80$62,735,537$25,459,287$19,349,510$58,352,800
81$69,079,171$26,651,401$19,942,328$63,908,589
82$76,068,112$27,900,184$20,553,260$70,015,442
83$83,768,124$29,208,358$21,182,859$76,728,917
84$92,251,681$30,578,776$21,831,694$84,110,216
85$101,598,646$32,014,430$22,500,349$92,226,749
86$111,897,026$33,518,455$23,189,429$101,152,775
87$123,243,803$35,094,140$23,899,555$110,970,094
88$135,745,850$36,744,932$24,631,370$121,768,815
89$149,520,938$38,474,445$25,385,532$133,648,204
90$164,698,849$40,286,468$26,162,722$146,717,617
91$181,422,600$42,184,974$26,963,642$161,097,523
92$199,849,795$44,174,127$27,789,013$176,920,641
93$220,154,109$46,258,294$28,639,580$194,333,186
94$242,526,932$48,442,054$29,516,110$213,496,240
95$267,179,171$50,730,207$30,419,392$234,587,272
96$294,343,246$53,127,786$31,350,240$257,801,807
97$324,275,277$55,640,068$32,309,494$283,355,258
98$357,257,510$58,272,586$33,298,017$311,484,964
99$393,600,975$61,031,142$34,316,699$342,452,414
100$433,648,424$63,921,817$35,366,458$376,545,712