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

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$933,143$924,831$916,722$908,807$901,078$891,668
2 years$461,952$453,349$445,011$436,926$429,085$419,608
3 years$304,909$296,268$287,951$279,943$272,229$262,980
4 years$226,403$217,789$209,555$201,683$194,156$185,206
5 years$179,311$170,749$162,623$154,912$147,594$138,970
6 years$147,927$139,429$131,424$123,884$116,786$108,498
7 years$125,519$117,093$109,214$101,852$94,979$87,030
8 years$108,720$100,370$92,622$85,441$78,794$71,184
9 years$95,662$87,390$79,775$72,777$66,356$59,082
10 years$85,221$77,030$69,550$62,734$56,538$49,596
11 years$76,684$68,575$61,231$54,598$48,625$42,008
12 years$69,575$61,550$54,341$47,890$42,137$35,840
13 years$63,564$55,623$48,550$42,279$36,745$30,759
14 years$58,417$50,560$43,622$37,531$32,210$26,528
15 years$53,959$46,187$39,385$33,471$28,360$22,973
16 years$50,063$42,376$35,708$29,970$25,065$19,963
17 years$46,629$39,027$32,493$26,927$22,224$17,399
18 years$43,580$36,062$29,662$24,267$19,761$15,202
19 years$40,855$33,422$27,154$21,927$17,613$13,311
20 years$38,405$31,057$24,921$19,859$15,732$11,677
21 years$36,192$28,929$22,922$18,024$14,079$10,260
22 years$34,182$27,004$21,126$16,388$12,620$9,028
23 years$32,350$25,256$19,506$14,925$11,328$7,953
24 years$30,673$23,664$18,040$13,612$10,182$7,014
25 years$29,133$22,207$16,709$12,431$9,162$6,191
26 years$27,714$20,871$15,497$11,367$8,253$5,470
27 years$26,402$19,642$14,390$10,404$7,441$4,835
28 years$25,185$18,509$13,377$9,532$6,714$4,278
29 years$24,055$17,461$12,449$8,741$6,063$3,786
30 years$23,002$16,490$11,596$8,022$5,478$3,353
31 years$22,019$15,588$10,810$7,368$4,953$2,970
32 years$21,099$14,750$10,086$6,771$4,480$2,633
33 years$20,237$13,968$9,417$6,227$4,054$2,334
34 years$19,427$13,239$8,799$5,729$3,671$2,070
35 years$18,665$12,557$8,227$5,274$3,325$1,836
36 years$17,947$11,918$7,696$4,857$3,012$1,629
37 years$17,269$11,320$7,203$4,475$2,730$1,446
38 years$16,629$10,758$6,745$4,125$2,475$1,283
39 years$16,023$10,229$6,320$3,803$2,245$1,139
40 years$15,449$9,732$5,923$3,508$2,036$1,011
41 years$14,904$9,264$5,554$3,237$1,847$898
42 years$14,387$8,823$5,210$2,987$1,676$798
43 years$13,894$8,407$4,889$2,757$1,521$708
44 years$13,426$8,013$4,589$2,546$1,381$629
45 years$12,980$7,641$4,309$2,351$1,253$559
46 years$12,554$7,290$4,047$2,172$1,138$497
47 years$12,148$6,956$3,802$2,007$1,033$441
48 years$11,759$6,641$3,573$1,854$938$392
49 years$11,388$6,342$3,358$1,714$852$348
50 years$11,033$6,058$3,157$1,584$774$310

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 $6,896 every year, while hoping to spend $50,482 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: 27/48/25 Blend
62$11,300,000$11,300,000$11,300,000$11,300,000
63$12,459,713$11,860,813$11,685,663$12,698,280
64$13,676,892$12,388,281$12,023,420$13,416,913
65$15,016,530$12,939,902$12,370,801$14,183,116
66$16,491,066$13,516,808$12,728,073$15,004,747
67$18,114,205$14,120,181$13,095,513$15,886,551
68$19,901,048$14,751,263$13,473,406$16,833,719
69$21,868,232$15,411,353$13,862,043$17,851,932
70$24,034,094$16,101,811$14,261,724$18,947,407
71$26,418,836$16,824,064$14,672,756$20,126,953
72$29,044,719$17,579,605$15,095,455$21,398,028
73$31,936,274$18,369,999$15,530,146$22,768,803
74$35,120,530$19,196,886$15,977,163$24,248,231
75$38,627,274$20,061,983$16,436,847$25,846,130
76$42,489,326$20,967,090$16,909,552$27,573,260
77$46,742,852$21,914,093$17,395,637$29,441,427
78$51,427,706$22,904,966$17,895,473$31,463,579
79$56,587,803$23,941,780$18,409,443$33,653,923
80$62,271,536$25,026,705$18,937,936$36,028,052
81$68,532,230$26,162,011$19,481,354$38,603,079
82$75,428,649$27,350,081$20,040,111$41,397,795
83$83,025,545$28,593,409$20,614,629$44,432,834
84$91,394,275$29,894,610$21,205,343$47,730,853
85$100,613,469$31,256,424$21,812,701$51,316,746
86$110,769,776$32,681,722$22,437,159$55,217,857
87$121,958,679$34,173,512$23,079,190$59,464,233
88$134,285,397$35,734,947$23,739,275$64,088,893
89$147,865,879$37,369,331$24,417,912$69,128,129
90$162,827,896$39,080,125$25,115,610$74,621,833
91$179,312,249$40,870,959$25,832,891$80,613,861
92$197,474,098$42,745,635$26,570,291$87,152,432
93$217,484,422$44,708,138$27,328,363$94,290,570
94$239,531,641$46,762,645$28,107,671$102,086,586
95$263,823,387$48,913,533$28,908,796$110,604,612
96$290,588,465$51,165,388$29,732,333$119,915,192
97$320,079,016$53,523,020$30,578,894$130,095,927
98$352,572,896$55,991,468$31,449,107$141,232,190
99$388,376,294$58,576,013$32,343,615$153,417,910
100$427,826,629$61,282,191$33,263,080$166,756,442