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%18.5%
1 years$949,659$941,200$932,947$924,892$917,026$885,547
2 years$470,128$461,373$452,887$444,660$436,679$405,284
3 years$310,306$301,512$293,048$284,898$277,047$246,724
4 years$230,410$221,643$213,264$205,253$197,592$168,572
5 years$182,485$173,771$165,501$157,654$150,207$122,566
6 years$150,546$141,897$133,750$126,077$118,853$92,614
7 years$127,741$119,165$111,147$103,655$96,660$71,817
8 years$110,645$102,146$94,261$86,953$80,188$56,723
9 years$97,355$88,937$81,187$74,065$67,530$45,413
10 years$86,729$78,393$70,781$63,845$57,539$36,733
11 years$78,041$69,789$62,314$55,564$49,486$29,950
12 years$70,806$62,639$55,302$48,737$42,883$24,573
13 years$64,689$56,607$49,409$43,028$37,395$20,262
14 years$59,451$51,454$44,394$38,195$32,780$16,775
15 years$54,914$47,005$40,082$34,063$28,862$13,933
16 years$50,949$43,126$36,340$30,500$25,509$11,604
17 years$47,454$39,717$33,068$27,404$22,618$9,685
18 years$44,351$36,701$30,187$24,697$20,111$8,099
19 years$41,578$34,014$27,635$22,315$17,925$6,782
20 years$39,085$31,607$25,362$20,211$16,011$5,686
21 years$36,832$29,441$23,328$18,343$14,328$4,773
22 years$34,787$27,482$21,500$16,678$12,843$4,009
23 years$32,923$25,703$19,852$15,189$11,529$3,371
24 years$31,216$24,082$18,359$13,853$10,362$2,835
25 years$29,649$22,600$17,005$12,651$9,324$2,386
26 years$28,204$21,240$15,771$11,568$8,399$2,009
27 years$26,869$19,990$14,645$10,588$7,572$1,692
28 years$25,631$18,836$13,614$9,701$6,833$1,426
29 years$24,481$17,770$12,669$8,896$6,170$1,202
30 years$23,409$16,782$11,801$8,164$5,575$1,013
31 years$22,408$15,864$11,002$7,498$5,040$854
32 years$21,472$15,011$10,265$6,891$4,559$720
33 years$20,595$14,215$9,584$6,337$4,126$607
34 years$19,771$13,473$8,955$5,831$3,736$512
35 years$18,995$12,779$8,372$5,367$3,384$432
36 years$18,265$12,129$7,832$4,943$3,066$364
37 years$17,575$11,520$7,331$4,555$2,779$307
38 years$16,923$10,948$6,865$4,198$2,519$259
39 years$16,307$10,410$6,432$3,871$2,284$219
40 years$15,722$9,905$6,028$3,570$2,072$185
41 years$15,168$9,428$5,653$3,294$1,880$156
42 years$14,641$8,979$5,302$3,040$1,706$131
43 years$14,140$8,555$4,976$2,806$1,548$111
44 years$13,664$8,155$4,670$2,591$1,405$94
45 years$13,209$7,777$4,385$2,393$1,276$79
46 years$12,776$7,419$4,119$2,210$1,158$67
47 years$12,363$7,080$3,870$2,042$1,052$56
48 years$11,967$6,758$3,636$1,887$955$47
49 years$11,590$6,454$3,418$1,744$867$40
50 years$11,228$6,165$3,213$1,612$788$34

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 $3,886 every year, while hoping to spend $51,667 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: 49/26/25 Blend
62$11,500,000$11,500,000$11,500,000$11,500,000
63$12,677,008$12,067,508$11,889,258$13,208,225
64$13,915,090$12,603,843$12,232,575$14,115,942
65$15,277,724$13,164,726$12,585,662$15,096,065
66$16,777,561$13,751,307$12,948,790$16,159,881
67$18,428,539$14,364,787$13,322,241$17,315,318
68$20,246,015$15,006,428$13,706,302$18,571,087
69$22,246,914$15,677,548$14,101,269$19,936,762
70$24,449,883$16,379,531$14,507,444$21,422,870
71$26,875,469$17,113,826$14,925,141$23,040,980
72$29,546,312$17,881,949$15,354,680$24,803,815
73$32,487,363$18,685,492$15,796,388$26,725,366
74$35,726,112$19,526,118$16,250,605$28,821,019
75$39,292,851$20,405,574$16,717,676$31,107,697
76$43,220,962$21,325,688$17,197,959$33,604,016
77$47,547,229$22,288,375$17,691,818$36,330,456
78$52,312,182$23,295,641$18,199,631$39,309,548
79$57,560,488$24,349,591$18,721,782$42,566,084
80$63,341,364$25,452,427$19,258,667$46,127,342
81$69,709,045$26,606,458$19,810,694$50,023,345
82$76,723,295$27,814,102$20,378,280$54,287,131
83$84,449,973$29,077,894$20,961,854$58,955,066
84$92,961,650$30,400,491$21,561,856$64,067,173
85$102,338,298$31,784,675$22,178,738$69,667,514
86$112,668,043$33,233,363$22,812,964$75,804,589
87$124,047,996$34,749,610$23,465,011$82,531,794
88$136,585,170$36,336,620$24,135,368$89,907,913
89$150,397,491$37,997,748$24,824,536$97,997,669
90$165,614,909$39,736,511$25,533,032$106,872,325
91$182,380,624$41,556,595$26,261,383$116,610,349
92$200,852,442$43,461,862$27,010,134$127,298,147
93$221,204,259$45,456,361$27,779,841$139,030,867
94$243,627,705$47,544,333$28,571,077$151,913,291
95$268,333,951$49,730,226$29,384,428$166,060,812
96$295,555,705$52,018,698$30,220,497$181,600,514
97$325,549,406$54,414,634$31,079,903$198,672,362
98$358,597,646$56,923,151$31,963,281$217,430,508
99$395,011,836$59,549,616$32,871,280$238,044,742
100$435,135,145$62,299,649$33,804,571$260,702,075