Can I retire at age 63 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$941,401$933,016$924,835$916,849$909,052$891,792
2 years$466,040$457,361$448,949$440,793$432,882$415,560
3 years$307,607$298,890$290,500$282,420$274,638$257,794
4 years$228,406$219,716$211,409$203,468$195,874$179,638
5 years$180,898$172,260$164,062$156,283$148,900$133,319
6 years$149,236$140,663$132,587$124,981$117,820$102,909
7 years$126,630$118,129$110,180$102,754$95,819$81,584
8 years$109,682$101,258$93,442$86,197$79,491$65,927
9 years$96,508$88,163$80,481$73,421$66,943$54,042
10 years$85,975$77,712$70,165$63,290$57,039$44,789
11 years$77,362$69,182$61,772$55,081$49,055$37,442
12 years$70,191$62,094$54,821$48,313$42,510$31,517
13 years$64,127$56,115$48,979$42,653$37,070$26,679
14 years$58,934$51,007$44,008$37,863$32,495$22,688
15 years$54,437$46,596$39,733$33,767$28,611$19,367
16 years$50,506$42,751$36,024$30,235$25,287$16,586
17 years$47,042$39,372$32,781$27,166$22,421$14,242
18 years$43,965$36,381$29,924$24,482$19,936$12,256
19 years$41,216$33,718$27,394$22,121$17,769$10,568
20 years$38,745$31,332$25,141$20,035$15,872$9,127
21 years$36,512$29,185$23,125$18,183$14,203$7,894
22 years$34,485$27,243$21,313$16,533$12,731$6,836
23 years$32,637$25,480$19,679$15,057$11,428$5,925
24 years$30,945$23,873$18,200$13,733$10,272$5,140
25 years$29,391$22,404$16,857$12,541$9,243$4,463
26 years$27,959$21,056$15,634$11,467$8,326$3,878
27 years$26,635$19,816$14,517$10,496$7,507$3,371
28 years$25,408$18,672$13,496$9,617$6,773$2,932
29 years$24,268$17,615$12,559$8,819$6,116$2,551
30 years$23,205$16,636$11,698$8,093$5,526$2,220
31 years$22,214$15,726$10,906$7,433$4,996$1,933
32 years$21,286$14,880$10,175$6,831$4,520$1,684
33 years$20,416$14,092$9,501$6,282$4,090$1,467
34 years$19,599$13,356$8,877$5,780$3,703$1,278
35 years$18,830$12,668$8,299$5,321$3,354$1,114
36 years$18,106$12,024$7,764$4,900$3,039$971
37 years$17,422$11,420$7,267$4,515$2,754$846
38 years$16,776$10,853$6,805$4,162$2,497$738
39 years$16,165$10,320$6,376$3,837$2,264$644
40 years$15,586$9,819$5,976$3,539$2,054$561
41 years$15,036$9,346$5,603$3,265$1,863$489
42 years$14,514$8,901$5,256$3,014$1,691$427
43 years$14,017$8,481$4,932$2,782$1,535$372
44 years$13,545$8,084$4,630$2,569$1,393$325
45 years$13,095$7,709$4,347$2,372$1,264$283
46 years$12,665$7,354$4,083$2,191$1,148$247
47 years$12,255$7,018$3,836$2,024$1,043$216
48 years$11,863$6,700$3,605$1,871$947$188
49 years$11,489$6,398$3,388$1,729$860$164
50 years$11,130$6,111$3,185$1,598$781$143

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $11,400,000, adding $5,879 every year, while hoping to spend $45,287 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: 33/41/26 Blend
62$11,400,000$11,400,000$11,400,000$11,400,000
63$12,568,864$11,964,664$11,787,964$12,883,841
64$13,802,703$12,502,748$12,134,676$13,660,516
65$15,160,876$13,065,680$12,491,485$14,492,514
66$16,656,017$13,654,629$12,858,681$15,388,305
67$18,302,047$14,270,823$13,236,563$16,353,561
68$20,114,307$14,915,544$13,625,439$17,394,494
69$22,109,699$15,590,138$14,025,624$18,517,915
70$24,306,848$16,296,015$14,437,442$19,731,291
71$26,726,278$17,034,651$14,861,228$21,042,811
72$29,390,604$17,807,595$15,297,325$22,461,457
73$32,324,747$18,616,468$15,746,086$23,997,083
74$35,556,165$19,462,969$16,207,874$25,660,505
75$39,115,118$20,348,878$16,683,062$27,463,592
76$43,034,950$21,276,063$17,172,034$29,419,376
77$47,352,402$22,246,477$17,675,185$31,542,165
78$52,107,963$23,262,170$18,192,919$33,847,674
79$57,346,247$24,325,289$18,725,654$36,353,163
80$63,116,420$25,438,084$19,273,820$39,077,594
81$69,472,658$26,602,913$19,837,855$42,041,803
82$76,474,660$27,822,247$20,418,214$45,268,683
83$84,188,214$29,098,675$21,015,363$48,783,399
84$92,685,814$30,434,913$21,629,780$52,613,609
85$102,047,347$31,833,803$22,261,958$56,789,722
86$112,360,845$33,298,329$22,912,402$61,345,169
87$123,723,317$34,831,613$23,581,633$66,316,712
88$136,241,664$36,436,930$24,270,186$71,744,780
89$150,033,687$38,117,713$24,978,611$77,673,835
90$165,229,200$39,877,558$25,707,472$84,152,785
91$181,971,257$41,720,236$26,457,350$91,235,431
92$200,417,496$43,649,699$27,228,843$98,980,960
93$220,741,635$45,670,089$28,022,563$107,454,492
94$243,135,105$47,785,746$28,839,142$116,727,681
95$267,808,860$50,001,222$29,679,228$126,879,373
96$294,995,368$52,321,287$30,543,487$137,996,338
97$324,950,806$54,750,940$31,432,603$150,174,072
98$357,957,474$57,295,422$32,347,282$163,517,680
99$394,326,466$59,960,227$33,288,245$178,142,852
100$434,400,600$62,751,113$34,256,236$194,176,934