Can I retire at age 63 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$949,659$941,200$932,947$924,892$917,026$900,353
2 years$470,128$461,373$452,887$444,660$436,679$419,941
3 years$310,306$301,512$293,048$284,898$277,047$260,765
4 years$230,410$221,643$213,264$205,253$197,592$181,892
5 years$182,485$173,771$165,501$157,654$150,207$135,133
6 years$150,546$141,897$133,750$126,077$118,853$104,423
7 years$127,741$119,165$111,147$103,655$96,660$82,877
8 years$110,645$102,146$94,261$86,953$80,188$67,050
9 years$97,355$88,937$81,187$74,065$67,530$55,028
10 years$86,729$78,393$70,781$63,845$57,539$45,662
11 years$78,041$69,789$62,314$55,564$49,486$38,220
12 years$70,806$62,639$55,302$48,737$42,883$32,214
13 years$64,689$56,607$49,409$43,028$37,395$27,305
14 years$59,451$51,454$44,394$38,195$32,780$23,251
15 years$54,914$47,005$40,082$34,063$28,862$19,876
16 years$50,949$43,126$36,340$30,500$25,509$17,045
17 years$47,454$39,717$33,068$27,404$22,618$14,657
18 years$44,351$36,701$30,187$24,697$20,111$12,632
19 years$41,578$34,014$27,635$22,315$17,925$10,909
20 years$39,085$31,607$25,362$20,211$16,011$9,435
21 years$36,832$29,441$23,328$18,343$14,328$8,173
22 years$34,787$27,482$21,500$16,678$12,843$7,088
23 years$32,923$25,703$19,852$15,189$11,529$6,153
24 years$31,216$24,082$18,359$13,853$10,362$5,347
25 years$29,649$22,600$17,005$12,651$9,324$4,650
26 years$28,204$21,240$15,771$11,568$8,399$4,046
27 years$26,869$19,990$14,645$10,588$7,572$3,523
28 years$25,631$18,836$13,614$9,701$6,833$3,069
29 years$24,481$17,770$12,669$8,896$6,170$2,675
30 years$23,409$16,782$11,801$8,164$5,575$2,332
31 years$22,408$15,864$11,002$7,498$5,040$2,034
32 years$21,472$15,011$10,265$6,891$4,559$1,774
33 years$20,595$14,215$9,584$6,337$4,126$1,548
34 years$19,771$13,473$8,955$5,831$3,736$1,351
35 years$18,995$12,779$8,372$5,367$3,384$1,180
36 years$18,265$12,129$7,832$4,943$3,066$1,030
37 years$17,575$11,520$7,331$4,555$2,779$900
38 years$16,923$10,948$6,865$4,198$2,519$786
39 years$16,307$10,410$6,432$3,871$2,284$686
40 years$15,722$9,905$6,028$3,570$2,072$599
41 years$15,168$9,428$5,653$3,294$1,880$524
42 years$14,641$8,979$5,302$3,040$1,706$458
43 years$14,140$8,555$4,976$2,806$1,548$400
44 years$13,664$8,155$4,670$2,591$1,405$349
45 years$13,209$7,777$4,385$2,393$1,276$305
46 years$12,776$7,419$4,119$2,210$1,158$267
47 years$12,363$7,080$3,870$2,042$1,052$233
48 years$11,967$6,758$3,636$1,887$955$204
49 years$11,590$6,454$3,418$1,744$867$178
50 years$11,228$6,165$3,213$1,612$788$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $11,500,000, adding $3,163 every year, while hoping to spend $58,104 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: 54/32/14 Blend
62$11,500,000$11,500,000$11,500,000$11,500,000
63$12,676,263$12,066,763$11,888,513$13,313,864
64$13,907,419$12,596,212$12,224,956$14,277,817
65$15,262,206$13,149,657$12,570,722$15,319,980
66$16,753,173$13,728,211$12,926,063$16,452,999
67$18,394,146$14,333,043$13,291,236$17,685,533
68$20,200,362$14,965,375$13,666,504$19,027,095
69$22,188,606$15,626,486$14,052,140$20,488,146
70$24,377,378$16,317,717$14,448,420$22,080,182
71$26,787,058$17,040,474$14,855,630$23,815,845
72$29,440,107$17,796,225$15,274,062$25,709,038
73$32,361,270$18,586,513$15,704,016$27,775,046
74$35,577,818$19,412,950$16,145,799$30,030,683
75$39,119,798$20,277,227$16,599,726$32,494,444
76$43,020,321$21,181,115$17,066,120$35,186,674
77$47,315,872$22,126,468$17,545,313$38,129,754
78$52,046,654$23,115,229$18,037,645$41,348,311
79$57,256,971$24,149,432$18,543,464$44,869,441
80$62,995,638$25,231,211$19,063,126$48,722,962
81$69,316,451$26,362,798$19,596,999$52,941,690
82$76,278,688$27,546,534$20,145,457$57,561,740
83$83,947,669$28,784,869$20,708,885$62,622,861
84$92,395,376$30,080,372$21,287,677$68,168,807
85$101,701,128$31,435,734$21,882,238$74,247,742
86$111,952,331$32,853,773$22,492,981$80,912,686
87$123,245,304$34,337,444$23,120,331$88,222,009
88$135,686,187$35,889,840$23,764,724$96,239,974
89$149,391,940$37,514,204$24,426,604$105,037,337
90$164,491,451$39,213,934$25,106,429$114,692,003
91$181,126,751$40,992,588$25,804,666$125,289,753
92$199,454,353$42,853,898$26,521,795$136,925,047
93$219,646,729$44,801,771$27,258,307$149,701,904
94$241,893,940$46,840,303$28,014,706$163,734,874
95$266,405,429$48,973,785$28,791,506$179,150,105
96$293,411,997$51,206,714$29,589,235$196,086,531
97$323,167,981$53,543,803$30,408,434$214,697,162
98$355,953,655$55,989,990$31,249,658$235,150,523
99$392,077,879$58,550,451$32,113,472$257,632,229
100$431,881,008$61,230,608$33,000,458$282,346,723