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

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$941,401$933,016$924,835$916,849$909,052$876,449
2 years$466,040$457,361$448,949$440,793$432,882$400,388
3 years$307,607$298,890$290,500$282,420$274,638$243,274
4 years$228,406$219,716$211,409$203,468$195,874$165,880
5 years$180,898$172,260$164,062$156,283$148,900$120,354
6 years$149,236$140,663$132,587$124,981$117,820$90,743
7 years$126,630$118,129$110,180$102,754$95,819$70,205
8 years$109,682$101,258$93,442$86,197$79,491$55,319
9 years$96,508$88,163$80,481$73,421$66,943$44,180
10 years$85,975$77,712$70,165$63,290$57,039$35,646
11 years$77,362$69,182$61,772$55,081$49,055$28,989
12 years$70,191$62,094$54,821$48,313$42,510$23,721
13 years$64,127$56,115$48,979$42,653$37,070$19,506
14 years$58,934$51,007$44,008$37,863$32,495$16,104
15 years$54,437$46,596$39,733$33,767$28,611$13,338
16 years$50,506$42,751$36,024$30,235$25,287$11,076
17 years$47,042$39,372$32,781$27,166$22,421$9,218
18 years$43,965$36,381$29,924$24,482$19,936$7,684
19 years$41,216$33,718$27,394$22,121$17,769$6,416
20 years$38,745$31,332$25,141$20,035$15,872$5,363
21 years$36,512$29,185$23,125$18,183$14,203$4,487
22 years$34,485$27,243$21,313$16,533$12,731$3,758
23 years$32,637$25,480$19,679$15,057$11,428$3,149
24 years$30,945$23,873$18,200$13,733$10,272$2,641
25 years$29,391$22,404$16,857$12,541$9,243$2,215
26 years$27,959$21,056$15,634$11,467$8,326$1,859
27 years$26,635$19,816$14,517$10,496$7,507$1,561
28 years$25,408$18,672$13,496$9,617$6,773$1,311
29 years$24,268$17,615$12,559$8,819$6,116$1,101
30 years$23,205$16,636$11,698$8,093$5,526$925
31 years$22,214$15,726$10,906$7,433$4,996$777
32 years$21,286$14,880$10,175$6,831$4,520$653
33 years$20,416$14,092$9,501$6,282$4,090$549
34 years$19,599$13,356$8,877$5,780$3,703$462
35 years$18,830$12,668$8,299$5,321$3,354$388
36 years$18,106$12,024$7,764$4,900$3,039$326
37 years$17,422$11,420$7,267$4,515$2,754$274
38 years$16,776$10,853$6,805$4,162$2,497$231
39 years$16,165$10,320$6,376$3,837$2,264$194
40 years$15,586$9,819$5,976$3,539$2,054$163
41 years$15,036$9,346$5,603$3,265$1,863$137
42 years$14,514$8,901$5,256$3,014$1,691$115
43 years$14,017$8,481$4,932$2,782$1,535$97
44 years$13,545$8,084$4,630$2,569$1,393$82
45 years$13,095$7,709$4,347$2,372$1,264$69
46 years$12,665$7,354$4,083$2,191$1,148$58
47 years$12,255$7,018$3,836$2,024$1,043$49
48 years$11,863$6,700$3,605$1,871$947$41
49 years$11,489$6,398$3,388$1,729$860$34
50 years$11,130$6,111$3,185$1,598$781$29

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 $6,005 every year, while hoping to spend $45,997 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: 30/45/25 Blend
62$11,400,000$11,400,000$11,400,000$11,400,000
63$12,568,994$11,964,794$11,788,094$12,848,661
64$13,802,091$12,502,129$12,134,055$13,602,724
65$15,159,422$13,064,251$12,490,064$14,408,885
66$16,653,611$13,652,327$12,856,408$15,275,217
67$18,298,567$14,267,578$13,233,386$16,206,970
68$20,109,616$14,911,285$13,621,300$17,209,896
69$22,103,647$15,584,788$14,020,463$18,290,290
70$24,299,270$16,289,493$14,431,199$19,455,052
71$26,716,988$17,026,871$14,853,837$20,711,742
72$29,379,399$17,798,466$15,288,719$22,068,645
73$32,311,399$18,605,893$15,736,193$23,534,847
74$35,540,426$19,450,845$16,196,619$25,120,310
75$39,096,711$20,335,099$16,670,368$26,835,963
76$43,013,569$21,260,512$17,157,818$28,693,795
77$47,327,710$22,229,034$17,659,362$30,706,964
78$52,079,586$23,242,706$18,175,400$32,889,910
79$57,313,773$24,303,668$18,706,346$35,258,488
80$63,079,393$25,414,163$19,252,623$37,830,105
81$69,430,574$26,576,539$19,814,669$40,623,878
82$76,426,963$27,793,261$20,392,931$43,660,806
83$84,134,290$29,066,907$20,987,871$46,963,955
84$92,624,985$30,400,183$21,599,962$50,558,670
85$101,978,865$31,795,923$22,229,692$54,472,803
86$112,283,884$33,257,098$22,877,561$58,736,963
87$123,636,964$34,786,820$23,544,083$63,384,796
88$136,144,912$36,388,352$24,229,788$68,453,288
89$149,925,426$38,065,114$24,935,219$73,983,105
90$165,108,205$39,820,690$25,660,934$80,018,963
91$181,836,175$41,658,837$26,407,508$86,610,033
92$200,266,836$43,583,491$27,175,531$93,810,398
93$220,573,750$45,598,779$27,965,608$101,679,541
94$242,948,180$47,709,027$28,778,364$110,282,897
95$267,600,893$49,918,768$29,614,438$119,692,451
96$294,764,151$52,232,754$30,474,488$129,987,403
97$324,693,902$54,655,967$31,359,191$141,254,895
98$357,672,198$57,193,627$32,269,242$153,590,818
99$394,009,855$59,851,207$33,205,354$167,100,696
100$434,049,388$62,634,444$34,168,261$181,900,663