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%14.3%
1 years$924,886$916,647$908,609$900,764$893,104$877,226
2 years$457,864$449,337$441,073$433,060$425,287$409,345
3 years$302,211$293,647$285,403$277,466$269,820$254,309
4 years$224,399$215,861$207,700$199,898$192,438$177,478
5 years$177,725$169,238$161,184$153,541$146,288$131,923
6 years$146,618$138,195$130,261$122,788$115,753$101,998
7 years$124,408$116,056$108,247$100,951$94,138$80,998
8 years$107,758$99,482$91,802$84,685$78,097$65,567
9 years$94,815$86,617$79,069$72,133$65,769$53,843
10 years$84,467$76,348$68,934$62,179$56,038$44,706
11 years$76,005$67,969$60,689$54,115$48,195$37,444
12 years$68,959$61,005$53,860$47,466$41,764$31,580
13 years$63,002$55,131$48,120$41,905$36,419$26,785
14 years$57,900$50,112$43,236$37,199$31,925$22,824
15 years$53,482$45,778$39,036$33,175$28,109$19,524
16 years$49,620$42,001$35,392$29,704$24,843$16,755
17 years$46,216$38,681$32,205$26,689$22,028$14,418
18 years$43,194$35,743$29,399$24,052$19,586$12,436
19 years$40,493$33,126$26,914$21,733$17,457$10,746
20 years$38,065$30,783$24,700$19,684$15,593$9,302
21 years$35,871$28,673$22,719$17,864$13,954$8,064
22 years$33,880$26,765$20,939$16,243$12,508$6,999
23 years$32,064$25,033$19,334$14,793$11,228$6,081
24 years$30,402$23,454$17,881$13,492$10,092$5,288
25 years$28,875$22,010$16,561$12,321$9,081$4,602
26 years$27,468$20,686$15,359$11,266$8,180$4,008
27 years$26,168$19,468$14,263$10,312$7,375$3,492
28 years$24,962$18,345$13,259$9,448$6,655$3,045
29 years$23,842$17,306$12,339$8,664$6,009$2,656
30 years$22,798$16,344$11,493$7,951$5,429$2,317
31 years$21,824$15,450$10,715$7,303$4,909$2,023
32 years$20,912$14,619$9,997$6,711$4,440$1,766
33 years$20,058$13,845$9,334$6,172$4,018$1,543
34 years$19,255$13,122$8,721$5,679$3,638$1,347
35 years$18,500$12,446$8,154$5,227$3,295$1,177
36 years$17,788$11,813$7,628$4,814$2,986$1,029
37 years$17,117$11,219$7,139$4,436$2,706$899
38 years$16,482$10,662$6,686$4,089$2,453$786
39 years$15,881$10,139$6,264$3,770$2,225$687
40 years$15,312$9,646$5,871$3,477$2,018$601
41 years$14,772$9,182$5,505$3,208$1,831$525
42 years$14,259$8,745$5,164$2,961$1,661$459
43 years$13,771$8,332$4,846$2,733$1,508$402
44 years$13,307$7,942$4,549$2,524$1,368$351
45 years$12,865$7,574$4,271$2,331$1,242$307
46 years$12,443$7,225$4,011$2,153$1,128$269
47 years$12,040$6,895$3,769$1,989$1,024$235
48 years$11,655$6,582$3,541$1,838$930$206
49 years$11,287$6,286$3,329$1,698$845$180
50 years$10,935$6,004$3,130$1,570$767$157

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 $2,832 every year, while hoping to spend $23,413 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: 32/43/25 Blend
62$11,200,000$11,200,000$11,200,000$11,200,000
63$12,345,321$11,751,721$11,578,121$12,645,619
64$13,579,633$12,302,644$11,941,077$13,424,898
65$14,939,059$12,879,778$12,315,407$14,261,380
66$16,436,338$13,484,382$12,701,468$15,161,898
67$18,085,504$14,117,776$13,099,627$16,132,091
68$19,902,024$14,781,346$13,510,263$17,178,136
69$21,902,941$15,476,542$13,933,767$18,306,800
70$24,107,034$16,204,886$14,370,542$19,525,494
71$26,535,001$16,967,974$14,821,003$20,842,345
72$29,209,644$17,767,478$15,285,581$22,266,259
73$32,156,096$18,605,153$15,764,716$23,807,005
74$35,402,048$19,482,836$16,258,864$25,475,294
75$38,978,018$20,402,455$16,768,497$27,282,879
76$42,917,632$21,366,033$17,294,098$29,242,657
77$47,257,949$22,375,686$17,836,169$31,368,779
78$52,039,804$23,433,639$18,395,224$33,676,782
79$57,308,197$24,542,220$18,971,797$36,183,722
80$63,112,716$25,703,872$19,566,435$38,908,331
81$69,508,007$26,921,156$20,179,705$41,871,181
82$76,554,288$28,196,757$20,812,190$45,094,868
83$84,317,919$29,533,491$21,464,491$48,604,219
84$92,872,025$30,934,311$22,137,231$52,426,514
85$102,297,192$32,402,312$22,831,048$56,591,731
86$112,682,220$33,940,740$23,546,602$61,132,821
87$124,124,968$35,552,998$24,284,575$66,086,003
88$136,733,276$37,242,656$25,045,669$71,491,098
89$150,625,979$39,013,455$25,830,608$77,391,886
90$165,934,033$40,869,319$26,640,138$83,836,511
91$182,801,752$42,814,363$27,475,031$90,877,919
92$201,388,165$44,852,901$28,336,079$98,574,341
93$221,868,523$46,989,458$29,224,102$106,989,830
94$244,435,948$49,228,777$30,139,945$116,194,847
95$269,303,260$51,575,833$31,084,479$126,266,910
96$296,704,986$54,035,842$32,058,602$137,291,308
97$326,899,572$56,614,275$33,063,242$149,361,885
98$360,171,821$59,316,868$34,099,354$162,581,910
99$396,835,587$62,149,634$35,167,922$177,065,028
100$437,236,734$65,118,883$36,269,965$192,936,312