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%12.2%
1 years$941,401$933,016$924,835$916,849$909,052$900,683
2 years$466,040$457,361$448,949$440,793$432,882$424,450
3 years$307,607$298,890$290,500$282,420$274,638$266,405
4 years$228,406$219,716$211,409$203,468$195,874$187,903
5 years$180,898$172,260$164,062$156,283$148,900$141,214
6 years$149,236$140,663$132,587$124,981$117,820$110,428
7 years$126,630$118,129$110,180$102,754$95,819$88,726
8 years$109,682$101,258$93,442$86,197$79,491$72,696
9 years$96,508$88,163$80,481$73,421$66,943$60,443
10 years$85,975$77,712$70,165$63,290$57,039$50,831
11 years$77,362$69,182$61,772$55,081$49,055$43,134
12 years$70,191$62,094$54,821$48,313$42,510$36,870
13 years$64,127$56,115$48,979$42,653$37,070$31,704
14 years$58,934$51,007$44,008$37,863$32,495$27,397
15 years$54,437$46,596$39,733$33,767$28,611$23,774
16 years$50,506$42,751$36,024$30,235$25,287$20,702
17 years$47,042$39,372$32,781$27,166$22,421$18,080
18 years$43,965$36,381$29,924$24,482$19,936$15,831
19 years$41,216$33,718$27,394$22,121$17,769$13,892
20 years$38,745$31,332$25,141$20,035$15,872$12,214
21 years$36,512$29,185$23,125$18,183$14,203$10,756
22 years$34,485$27,243$21,313$16,533$12,731$9,485
23 years$32,637$25,480$19,679$15,057$11,428$8,375
24 years$30,945$23,873$18,200$13,733$10,272$7,403
25 years$29,391$22,404$16,857$12,541$9,243$6,550
26 years$27,959$21,056$15,634$11,467$8,326$5,800
27 years$26,635$19,816$14,517$10,496$7,507$5,140
28 years$25,408$18,672$13,496$9,617$6,773$4,558
29 years$24,268$17,615$12,559$8,819$6,116$4,044
30 years$23,205$16,636$11,698$8,093$5,526$3,590
31 years$22,214$15,726$10,906$7,433$4,996$3,188
32 years$21,286$14,880$10,175$6,831$4,520$2,833
33 years$20,416$14,092$9,501$6,282$4,090$2,518
34 years$19,599$13,356$8,877$5,780$3,703$2,238
35 years$18,830$12,668$8,299$5,321$3,354$1,991
36 years$18,106$12,024$7,764$4,900$3,039$1,771
37 years$17,422$11,420$7,267$4,515$2,754$1,575
38 years$16,776$10,853$6,805$4,162$2,497$1,402
39 years$16,165$10,320$6,376$3,837$2,264$1,248
40 years$15,586$9,819$5,976$3,539$2,054$1,111
41 years$15,036$9,346$5,603$3,265$1,863$989
42 years$14,514$8,901$5,256$3,014$1,691$880
43 years$14,017$8,481$4,932$2,782$1,535$784
44 years$13,545$8,084$4,630$2,569$1,393$698
45 years$13,095$7,709$4,347$2,372$1,264$622
46 years$12,665$7,354$4,083$2,191$1,148$554
47 years$12,255$7,018$3,836$2,024$1,043$493
48 years$11,863$6,700$3,605$1,871$947$440
49 years$11,489$6,398$3,388$1,729$860$392
50 years$11,130$6,111$3,185$1,598$781$349

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 $3,416 every year, while hoping to spend $50,567 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: 84/10/6 Blend
62$11,400,000$11,400,000$11,400,000$11,400,000
63$12,566,324$11,962,124$11,785,424$13,617,709
64$13,794,286$12,494,465$12,126,432$14,836,705
65$15,145,805$13,051,196$12,477,170$16,168,087
66$16,633,431$13,633,459$12,837,910$17,628,764
67$18,270,992$14,242,449$13,208,930$19,231,678
68$20,073,724$14,879,420$13,590,520$20,991,084
69$22,058,416$15,545,684$13,982,975$22,922,679
70$24,243,568$16,242,615$14,386,598$25,043,750
71$26,649,564$16,971,655$14,801,701$27,373,338
72$29,298,865$17,734,312$15,228,604$29,932,413
73$32,216,223$18,532,167$15,667,636$32,744,074
74$35,428,912$19,366,877$16,119,135$35,833,761
75$38,966,983$20,240,176$16,583,448$39,229,498
76$42,863,554$21,153,884$17,060,933$42,962,153
77$47,155,116$22,109,904$17,551,953$47,065,729
78$51,881,881$23,110,232$18,056,887$51,577,681
79$57,088,160$24,156,960$18,576,120$56,539,271
80$62,822,781$25,252,280$19,110,048$61,995,952
81$69,139,549$26,398,486$19,659,079$67,997,798
82$76,097,756$27,597,985$20,223,632$74,599,973
83$83,762,738$28,853,298$20,804,135$81,863,247
84$92,206,494$30,167,065$21,401,029$89,854,573
85$101,508,361$31,542,056$22,014,768$98,647,712
86$111,755,768$32,981,171$22,645,817$108,323,927
87$123,045,058$34,487,450$23,294,653$118,972,750
88$135,482,396$36,064,077$23,961,767$130,692,822
89$149,184,775$37,714,392$24,647,661$143,592,821
90$164,281,117$39,441,892$25,352,852$157,792,487
91$180,913,490$41,250,244$26,077,872$173,423,748
92$199,238,449$43,143,289$26,823,264$190,631,961
93$219,428,516$45,125,055$27,589,588$209,577,282
94$241,673,803$47,199,761$28,377,417$230,436,176
95$266,183,812$49,371,830$29,187,342$253,403,072
96$293,189,409$51,645,899$30,019,967$278,692,205
97$322,945,006$54,026,824$30,875,912$306,539,625
98$355,730,956$56,519,699$31,755,815$337,205,426
99$391,856,209$59,129,859$32,660,330$370,976,195
100$431,661,219$61,862,899$33,590,128$408,167,714