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%15.1%
1 years$941,401$933,016$924,835$916,849$909,052$889,970
2 years$466,040$457,361$448,949$440,793$432,882$413,747
3 years$307,607$298,890$290,500$282,420$274,638$256,047
4 years$228,406$219,716$211,409$203,468$195,874$177,971
5 years$180,898$172,260$164,062$156,283$148,900$131,735
6 years$149,236$140,663$132,587$124,981$117,820$101,411
7 years$126,630$118,129$110,180$102,754$95,819$80,170
8 years$109,682$101,258$93,442$86,197$79,491$64,597
9 years$96,508$88,163$80,481$73,421$66,943$52,793
10 years$85,975$77,712$70,165$63,290$57,039$43,619
11 years$77,362$69,182$61,772$55,081$49,055$36,349
12 years$70,191$62,094$54,821$48,313$42,510$30,498
13 years$64,127$56,115$48,979$42,653$37,070$25,731
14 years$58,934$51,007$44,008$37,863$32,495$21,808
15 years$54,437$46,596$39,733$33,767$28,611$18,552
16 years$50,506$42,751$36,024$30,235$25,287$15,831
17 years$47,042$39,372$32,781$27,166$22,421$13,545
18 years$43,965$36,381$29,924$24,482$19,936$11,614
19 years$41,216$33,718$27,394$22,121$17,769$9,978
20 years$38,745$31,332$25,141$20,035$15,872$8,585
21 years$36,512$29,185$23,125$18,183$14,203$7,397
22 years$34,485$27,243$21,313$16,533$12,731$6,380
23 years$32,637$25,480$19,679$15,057$11,428$5,509
24 years$30,945$23,873$18,200$13,733$10,272$4,761
25 years$29,391$22,404$16,857$12,541$9,243$4,117
26 years$27,959$21,056$15,634$11,467$8,326$3,563
27 years$26,635$19,816$14,517$10,496$7,507$3,084
28 years$25,408$18,672$13,496$9,617$6,773$2,672
29 years$24,268$17,615$12,559$8,819$6,116$2,315
30 years$23,205$16,636$11,698$8,093$5,526$2,007
31 years$22,214$15,726$10,906$7,433$4,996$1,740
32 years$21,286$14,880$10,175$6,831$4,520$1,509
33 years$20,416$14,092$9,501$6,282$4,090$1,309
34 years$19,599$13,356$8,877$5,780$3,703$1,136
35 years$18,830$12,668$8,299$5,321$3,354$986
36 years$18,106$12,024$7,764$4,900$3,039$856
37 years$17,422$11,420$7,267$4,515$2,754$743
38 years$16,776$10,853$6,805$4,162$2,497$645
39 years$16,165$10,320$6,376$3,837$2,264$560
40 years$15,586$9,819$5,976$3,539$2,054$486
41 years$15,036$9,346$5,603$3,265$1,863$422
42 years$14,514$8,901$5,256$3,014$1,691$367
43 years$14,017$8,481$4,932$2,782$1,535$319
44 years$13,545$8,084$4,630$2,569$1,393$277
45 years$13,095$7,709$4,347$2,372$1,264$240
46 years$12,665$7,354$4,083$2,191$1,148$209
47 years$12,255$7,018$3,836$2,024$1,043$181
48 years$11,863$6,700$3,605$1,871$947$157
49 years$11,489$6,398$3,388$1,729$860$137
50 years$11,130$6,111$3,185$1,598$781$119

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 $2,647 every year, while hoping to spend $41,302 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: 45/39/16 Blend
62$11,400,000$11,400,000$11,400,000$11,400,000
63$12,565,530$11,961,330$11,784,630$13,073,261
64$13,803,269$12,503,491$12,135,470$13,970,158
65$15,165,874$13,070,832$12,496,679$14,937,806
66$16,666,036$13,664,546$12,868,561$15,986,225
67$18,317,741$14,285,879$13,251,428$17,122,914
68$20,136,402$14,936,138$13,645,601$18,356,102
69$22,138,998$15,616,692$14,051,413$19,694,827
70$24,344,243$16,328,977$14,469,202$21,149,010
71$26,772,756$17,074,497$14,899,320$22,729,551
72$29,447,257$17,854,827$15,342,128$24,448,420
73$32,392,783$18,671,619$15,797,995$26,318,772
74$35,636,923$19,526,604$16,267,303$28,355,057
75$39,210,077$20,421,596$16,750,446$30,573,160
76$43,145,746$21,358,496$17,247,827$32,990,537
77$47,480,845$22,339,295$17,759,862$35,626,379
78$52,256,052$23,366,081$18,286,979$38,501,782
79$57,516,194$24,441,043$18,829,617$41,639,945
80$63,310,665$25,566,475$19,388,229$45,066,376
81$69,693,900$26,744,778$19,963,281$48,809,128
82$76,725,878$27,978,473$20,555,252$52,899,057
83$84,472,700$29,270,200$21,164,634$57,370,102
84$93,007,201$30,622,726$21,791,936$62,259,599
85$102,409,648$32,038,952$22,437,678$67,608,626
86$112,768,490$33,521,918$23,102,398$73,462,377
87$124,181,195$35,074,811$23,786,647$79,870,581
88$136,755,170$36,700,971$24,490,993$86,887,963
89$150,608,777$38,403,898$25,216,022$94,574,747
90$165,872,447$40,187,263$25,962,332$102,997,215
91$182,689,910$42,054,913$26,730,544$112,228,319
92$201,219,556$44,010,879$27,521,293$122,348,359
93$221,635,928$46,059,389$28,335,233$133,445,729
94$244,131,366$48,204,873$29,173,037$145,617,735
95$268,917,830$50,451,976$30,035,398$158,971,501
96$296,228,892$52,805,566$30,923,027$173,624,967
97$326,321,948$55,270,748$31,836,658$189,707,985
98$359,480,644$57,852,871$32,777,043$207,363,528
99$396,017,553$60,557,546$33,744,957$226,749,024
100$436,277,128$63,390,650$34,741,198$248,037,826