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%15.1%
1 years$949,659$941,200$932,947$924,892$917,026$897,777
2 years$470,128$461,373$452,887$444,660$436,679$417,376
3 years$310,306$301,512$293,048$284,898$277,047$258,294
4 years$230,410$221,643$213,264$205,253$197,592$179,532
5 years$182,485$173,771$165,501$157,654$150,207$132,891
6 years$150,546$141,897$133,750$126,077$118,853$102,301
7 years$127,741$119,165$111,147$103,655$96,660$80,873
8 years$110,645$102,146$94,261$86,953$80,188$65,164
9 years$97,355$88,937$81,187$74,065$67,530$53,256
10 years$86,729$78,393$70,781$63,845$57,539$44,002
11 years$78,041$69,789$62,314$55,564$49,486$36,668
12 years$70,806$62,639$55,302$48,737$42,883$30,766
13 years$64,689$56,607$49,409$43,028$37,395$25,957
14 years$59,451$51,454$44,394$38,195$32,780$21,999
15 years$54,914$47,005$40,082$34,063$28,862$18,714
16 years$50,949$43,126$36,340$30,500$25,509$15,970
17 years$47,454$39,717$33,068$27,404$22,618$13,664
18 years$44,351$36,701$30,187$24,697$20,111$11,716
19 years$41,578$34,014$27,635$22,315$17,925$10,065
20 years$39,085$31,607$25,362$20,211$16,011$8,660
21 years$36,832$29,441$23,328$18,343$14,328$7,462
22 years$34,787$27,482$21,500$16,678$12,843$6,436
23 years$32,923$25,703$19,852$15,189$11,529$5,557
24 years$31,216$24,082$18,359$13,853$10,362$4,802
25 years$29,649$22,600$17,005$12,651$9,324$4,153
26 years$28,204$21,240$15,771$11,568$8,399$3,594
27 years$26,869$19,990$14,645$10,588$7,572$3,111
28 years$25,631$18,836$13,614$9,701$6,833$2,695
29 years$24,481$17,770$12,669$8,896$6,170$2,335
30 years$23,409$16,782$11,801$8,164$5,575$2,025
31 years$22,408$15,864$11,002$7,498$5,040$1,755
32 years$21,472$15,011$10,265$6,891$4,559$1,523
33 years$20,595$14,215$9,584$6,337$4,126$1,321
34 years$19,771$13,473$8,955$5,831$3,736$1,146
35 years$18,995$12,779$8,372$5,367$3,384$995
36 years$18,265$12,129$7,832$4,943$3,066$863
37 years$17,575$11,520$7,331$4,555$2,779$749
38 years$16,923$10,948$6,865$4,198$2,519$651
39 years$16,307$10,410$6,432$3,871$2,284$565
40 years$15,722$9,905$6,028$3,570$2,072$491
41 years$15,168$9,428$5,653$3,294$1,880$426
42 years$14,641$8,979$5,302$3,040$1,706$370
43 years$14,140$8,555$4,976$2,806$1,548$321
44 years$13,664$8,155$4,670$2,591$1,405$279
45 years$13,209$7,777$4,385$2,393$1,276$242
46 years$12,776$7,419$4,119$2,210$1,158$211
47 years$12,363$7,080$3,870$2,042$1,052$183
48 years$11,967$6,758$3,636$1,887$955$159
49 years$11,590$6,454$3,418$1,744$867$138
50 years$11,228$6,165$3,213$1,612$788$120

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 $5,910 every year, while hoping to spend $39,881 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: 50/44/6 Blend
62$11,500,000$11,500,000$11,500,000$11,500,000
63$12,679,096$12,069,596$11,891,346$13,293,953
64$13,929,931$12,618,573$12,247,273$14,262,238
65$15,307,014$13,193,114$12,613,787$15,309,023
66$16,823,181$13,794,428$12,991,201$16,445,480
67$18,492,575$14,423,784$13,379,835$17,680,007
68$20,330,780$15,082,512$13,780,022$19,021,825
69$22,354,969$15,772,004$14,192,102$20,481,061
70$24,584,064$16,493,721$14,616,426$22,068,837
71$27,038,917$17,249,191$15,053,354$23,797,370
72$29,742,504$18,040,019$15,503,259$25,680,083
73$32,720,144$18,867,885$15,966,523$27,731,727
74$35,999,736$19,734,549$16,443,539$29,968,512
75$39,612,024$20,641,857$16,934,712$32,408,253
76$43,590,885$21,591,742$17,440,460$35,070,536
77$47,973,651$22,586,233$17,961,211$37,976,894
78$52,801,459$23,627,454$18,497,407$41,151,000
79$58,119,639$24,717,631$19,049,502$44,618,889
80$63,978,145$25,859,098$19,617,963$48,409,191
81$70,432,024$27,054,302$20,203,273$52,553,395
82$77,541,934$28,305,806$20,805,926$57,086,138
83$85,374,718$29,616,297$21,426,431$62,045,525
84$94,004,038$30,988,594$22,065,315$67,473,474
85$103,511,062$32,425,647$22,723,115$73,416,106
86$113,985,239$33,930,553$23,400,388$79,924,171
87$125,525,137$35,506,554$24,097,705$87,053,512
88$138,239,378$37,157,051$24,815,655$94,865,585
89$152,247,657$38,885,610$25,554,842$103,428,027
90$167,681,878$40,695,965$26,315,890$112,815,280
91$184,687,397$42,592,034$27,099,439$123,109,281
92$203,424,390$44,577,922$27,906,149$134,400,225
93$224,069,371$46,657,934$28,736,698$146,787,400
94$246,816,854$48,836,580$29,591,785$160,380,108
95$271,881,192$51,118,591$30,472,128$175,298,686
96$299,498,596$53,508,924$31,378,467$191,675,621
97$329,929,369$56,012,778$32,311,562$209,656,786
98$363,460,362$58,635,601$33,272,196$229,402,799
99$400,407,679$61,383,106$34,261,175$251,090,522
100$441,119,664$64,261,280$35,279,327$274,914,707