Can I retire at age 63 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$933,143$924,831$916,722$908,807$901,078$895,775
2 years$461,952$453,349$445,011$436,926$429,085$423,734
3 years$304,909$296,268$287,951$279,943$272,229$266,997
4 years$226,403$217,789$209,555$201,683$194,156$189,083
5 years$179,311$170,749$162,623$154,912$147,594$142,695
6 years$147,927$139,429$131,424$123,884$116,786$112,067
7 years$125,519$117,093$109,214$101,852$94,979$90,442
8 years$108,720$100,370$92,622$85,441$78,794$74,440
9 years$95,662$87,390$79,775$72,777$66,356$62,184
10 years$85,221$77,030$69,550$62,734$56,538$52,546
11 years$76,684$68,575$61,231$54,598$48,625$44,809
12 years$69,575$61,550$54,341$47,890$42,137$38,495
13 years$63,564$55,623$48,550$42,279$36,745$33,272
14 years$58,417$50,560$43,622$37,531$32,210$28,904
15 years$53,959$46,187$39,385$33,471$28,360$25,215
16 years$50,063$42,376$35,708$29,970$25,065$22,077
17 years$46,629$39,027$32,493$26,927$22,224$19,389
18 years$43,580$36,062$29,662$24,267$19,761$17,073
19 years$40,855$33,422$27,154$21,927$17,613$15,068
20 years$38,405$31,057$24,921$19,859$15,732$13,325
21 years$36,192$28,929$22,922$18,024$14,079$11,804
22 years$34,182$27,004$21,126$16,388$12,620$10,472
23 years$32,350$25,256$19,506$14,925$11,328$9,303
24 years$30,673$23,664$18,040$13,612$10,182$8,274
25 years$29,133$22,207$16,709$12,431$9,162$7,366
26 years$27,714$20,871$15,497$11,367$8,253$6,564
27 years$26,402$19,642$14,390$10,404$7,441$5,853
28 years$25,185$18,509$13,377$9,532$6,714$5,224
29 years$24,055$17,461$12,449$8,741$6,063$4,665
30 years$23,002$16,490$11,596$8,022$5,478$4,168
31 years$22,019$15,588$10,810$7,368$4,953$3,726
32 years$21,099$14,750$10,086$6,771$4,480$3,332
33 years$20,237$13,968$9,417$6,227$4,054$2,981
34 years$19,427$13,239$8,799$5,729$3,671$2,668
35 years$18,665$12,557$8,227$5,274$3,325$2,389
36 years$17,947$11,918$7,696$4,857$3,012$2,139
37 years$17,269$11,320$7,203$4,475$2,730$1,916
38 years$16,629$10,758$6,745$4,125$2,475$1,717
39 years$16,023$10,229$6,320$3,803$2,245$1,538
40 years$15,449$9,732$5,923$3,508$2,036$1,379
41 years$14,904$9,264$5,554$3,237$1,847$1,236
42 years$14,387$8,823$5,210$2,987$1,676$1,108
43 years$13,894$8,407$4,889$2,757$1,521$994
44 years$13,426$8,013$4,589$2,546$1,381$891
45 years$12,980$7,641$4,309$2,351$1,253$799
46 years$12,554$7,290$4,047$2,172$1,138$717
47 years$12,148$6,956$3,802$2,007$1,033$643
48 years$11,759$6,641$3,573$1,854$938$577
49 years$11,388$6,342$3,358$1,714$852$518
50 years$11,033$6,058$3,157$1,584$774$464

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $11,300,000, adding $3,398 every year, while hoping to spend $50,688 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: 66/8/26 Blend
62$11,300,000$11,300,000$11,300,000$11,300,000
63$12,456,105$11,857,205$11,682,055$13,193,436
64$13,672,696$12,384,276$12,019,472$14,217,778
65$15,011,681$12,935,476$12,366,494$15,331,289
66$16,485,489$13,511,931$12,723,389$16,547,637
67$18,107,819$14,114,825$13,090,432$17,876,957
68$19,893,761$14,745,397$13,467,906$19,330,407
69$21,859,947$15,404,943$13,856,103$20,920,268
70$24,024,699$16,094,823$14,255,321$22,660,063
71$26,408,211$16,816,461$14,665,866$24,564,679
72$29,032,729$17,571,349$15,088,053$26,650,509
73$31,922,771$18,361,049$15,522,207$28,935,601
74$35,105,352$19,187,198$15,968,659$31,439,832
75$38,610,239$20,051,512$16,427,750$34,185,087
76$42,470,235$20,955,788$16,899,831$37,195,471
77$46,721,486$21,901,909$17,385,263$40,497,526
78$51,403,822$22,891,847$17,884,414$44,120,489
79$56,561,134$23,927,669$18,397,663$48,096,556
80$62,241,786$25,011,542$18,925,402$52,461,192
81$68,499,075$26,145,734$19,468,029$57,253,457
82$75,391,729$27,332,623$20,025,956$62,516,376
83$82,984,464$28,574,701$20,599,605$68,297,342
84$91,348,597$29,874,578$21,189,409$74,648,560
85$100,562,711$31,234,990$21,795,812$81,627,534
86$110,713,407$32,658,804$22,419,271$89,297,615
87$121,896,113$34,149,024$23,060,255$97,728,588
88$134,215,988$35,708,797$23,719,245$106,997,330
89$147,788,914$37,341,423$24,396,735$117,188,534
90$162,742,590$39,050,360$25,093,232$128,395,507
91$179,217,736$40,839,229$25,809,257$140,721,039
92$197,369,421$42,711,828$26,545,343$154,278,379
93$217,368,530$44,672,135$27,302,040$169,192,296
94$239,403,373$46,724,322$28,079,911$185,600,252
95$263,681,461$48,872,758$28,879,533$203,653,699
96$290,431,472$51,122,025$29,701,498$223,519,500
97$319,905,400$53,476,922$30,546,417$245,381,505
98$352,380,941$55,942,482$31,414,912$269,442,277
99$388,164,111$58,523,978$32,307,626$295,925,002
100$427,592,134$61,226,936$33,225,215$325,075,592