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

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$924,886$916,647$908,609$900,764$893,104$880,849
2 years$457,864$449,337$441,073$433,060$425,287$412,962
3 years$302,211$293,647$285,403$277,466$269,820$257,808
4 years$224,399$215,861$207,700$199,898$192,438$180,831
5 years$177,725$169,238$161,184$153,541$146,288$135,121
6 years$146,618$138,195$130,261$122,788$115,753$105,038
7 years$124,408$116,056$108,247$100,951$94,138$83,880
8 years$107,758$99,482$91,802$84,685$78,097$68,293
9 years$94,815$86,617$79,069$72,133$65,769$56,416
10 years$84,467$76,348$68,934$62,179$56,038$47,129
11 years$76,005$67,969$60,689$54,115$48,195$39,721
12 years$68,959$61,005$53,860$47,466$41,764$33,716
13 years$63,002$55,131$48,120$41,905$36,419$28,786
14 years$57,900$50,112$43,236$37,199$31,925$24,695
15 years$53,482$45,778$39,036$33,175$28,109$21,270
16 years$49,620$42,001$35,392$29,704$24,843$18,381
17 years$46,216$38,681$32,205$26,689$22,028$15,930
18 years$43,194$35,743$29,399$24,052$19,586$13,839
19 years$40,493$33,126$26,914$21,733$17,457$12,047
20 years$38,065$30,783$24,700$19,684$15,593$10,506
21 years$35,871$28,673$22,719$17,864$13,954$9,176
22 years$33,880$26,765$20,939$16,243$12,508$8,025
23 years$32,064$25,033$19,334$14,793$11,228$7,027
24 years$30,402$23,454$17,881$13,492$10,092$6,159
25 years$28,875$22,010$16,561$12,321$9,081$5,402
26 years$27,468$20,686$15,359$11,266$8,180$4,743
27 years$26,168$19,468$14,263$10,312$7,375$4,166
28 years$24,962$18,345$13,259$9,448$6,655$3,662
29 years$23,842$17,306$12,339$8,664$6,009$3,220
30 years$22,798$16,344$11,493$7,951$5,429$2,833
31 years$21,824$15,450$10,715$7,303$4,909$2,493
32 years$20,912$14,619$9,997$6,711$4,440$2,195
33 years$20,058$13,845$9,334$6,172$4,018$1,933
34 years$19,255$13,122$8,721$5,679$3,638$1,703
35 years$18,500$12,446$8,154$5,227$3,295$1,500
36 years$17,788$11,813$7,628$4,814$2,986$1,322
37 years$17,117$11,219$7,139$4,436$2,706$1,166
38 years$16,482$10,662$6,686$4,089$2,453$1,028
39 years$15,881$10,139$6,264$3,770$2,225$906
40 years$15,312$9,646$5,871$3,477$2,018$799
41 years$14,772$9,182$5,505$3,208$1,831$705
42 years$14,259$8,745$5,164$2,961$1,661$621
43 years$13,771$8,332$4,846$2,733$1,508$548
44 years$13,307$7,942$4,549$2,524$1,368$484
45 years$12,865$7,574$4,271$2,331$1,242$427
46 years$12,443$7,225$4,011$2,153$1,128$376
47 years$12,040$6,895$3,769$1,989$1,024$332
48 years$11,655$6,582$3,541$1,838$930$293
49 years$11,287$6,286$3,329$1,698$845$258
50 years$10,935$6,004$3,130$1,570$767$228

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 $2,297 every year, while hoping to spend $33,123 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: 62/21/17 Blend
62$11,200,000$11,200,000$11,200,000$11,200,000
63$12,344,769$11,751,169$11,577,569$13,057,039
64$13,568,693$12,291,734$11,930,175$14,077,284
65$14,916,347$12,857,676$12,293,483$15,186,646
66$16,400,317$13,450,205$12,667,817$16,396,941
67$18,034,470$14,070,585$13,053,510$17,717,981
68$19,834,088$14,720,147$13,450,905$19,160,561
69$21,816,011$15,400,280$13,860,356$20,736,555
70$23,998,794$16,112,443$14,282,228$22,459,025
71$26,402,883$16,858,165$14,716,895$24,342,345
72$29,050,810$17,639,048$15,164,743$26,402,329
73$31,967,403$18,456,771$15,626,173$28,656,382
74$35,180,020$19,313,096$16,101,592$31,123,656
75$38,718,811$20,209,866$16,591,424$33,825,230
76$42,616,997$21,149,017$17,096,104$36,784,305
77$46,911,188$22,132,575$17,616,080$40,026,421
78$51,641,724$23,162,667$18,151,814$43,579,689
79$56,853,061$24,241,519$18,703,781$47,475,057
80$62,594,187$25,371,467$19,272,471$51,746,596
81$68,919,085$26,554,959$19,858,390$56,431,818
82$75,887,241$27,794,561$20,462,055$61,572,023
83$83,564,209$29,092,964$21,084,003$67,212,686
84$92,022,226$30,452,988$21,724,785$73,403,882
85$101,340,897$31,877,588$22,384,970$80,200,751
86$111,607,943$33,369,864$23,065,141$87,664,012
87$122,920,031$34,933,066$23,765,901$95,860,535
88$135,383,687$36,570,599$24,487,871$104,863,962
89$149,116,299$38,286,034$25,231,691$114,755,395
90$164,247,227$40,083,115$25,998,018$125,624,160
91$180,919,023$41,965,766$26,787,530$137,568,637
92$199,288,777$43,938,103$27,600,926$150,697,187
93$219,529,601$46,004,438$28,438,926$165,129,163
94$241,832,260$48,169,295$29,302,270$180,996,029
95$266,406,975$50,437,415$30,191,720$198,442,597
96$293,485,408$52,813,770$31,108,064$217,628,379
97$323,322,845$55,303,571$32,052,111$238,729,090
98$356,200,613$57,912,283$33,024,693$261,938,291
99$392,428,725$60,645,635$34,026,671$287,469,212
100$432,348,819$63,509,634$35,058,927$315,556,750