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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.5%
1 years$949,659$941,200$932,947$924,892$917,026$911,247
2 years$470,128$461,373$452,887$444,660$436,679$430,850
3 years$310,306$301,512$293,048$284,898$277,047$271,348
4 years$230,410$221,643$213,264$205,253$197,592$192,067
5 years$182,485$173,771$165,501$157,654$150,207$144,872
6 years$150,546$141,897$133,750$126,077$118,853$113,716
7 years$127,741$119,165$111,147$103,655$96,660$91,722
8 years$110,645$102,146$94,261$86,953$80,188$75,450
9 years$97,355$88,937$81,187$74,065$67,530$62,991
10 years$86,729$78,393$70,781$63,845$57,539$53,196
11 years$78,041$69,789$62,314$55,564$49,486$45,336
12 years$70,806$62,639$55,302$48,737$42,883$38,923
13 years$64,689$56,607$49,409$43,028$37,395$33,621
14 years$59,451$51,454$44,394$38,195$32,780$29,187
15 years$54,914$47,005$40,082$34,063$28,862$25,446
16 years$50,949$43,126$36,340$30,500$25,509$22,264
17 years$47,454$39,717$33,068$27,404$22,618$19,539
18 years$44,351$36,701$30,187$24,697$20,111$17,194
19 years$41,578$34,014$27,635$22,315$17,925$15,164
20 years$39,085$31,607$25,362$20,211$16,011$13,400
21 years$36,832$29,441$23,328$18,343$14,328$11,861
22 years$34,787$27,482$21,500$16,678$12,843$10,515
23 years$32,923$25,703$19,852$15,189$11,529$9,334
24 years$31,216$24,082$18,359$13,853$10,362$8,295
25 years$29,649$22,600$17,005$12,651$9,324$7,379
26 years$28,204$21,240$15,771$11,568$8,399$6,570
27 years$26,869$19,990$14,645$10,588$7,572$5,855
28 years$25,631$18,836$13,614$9,701$6,833$5,221
29 years$24,481$17,770$12,669$8,896$6,170$4,659
30 years$23,409$16,782$11,801$8,164$5,575$4,159
31 years$22,408$15,864$11,002$7,498$5,040$3,715
32 years$21,472$15,011$10,265$6,891$4,559$3,320
33 years$20,595$14,215$9,584$6,337$4,126$2,967
34 years$19,771$13,473$8,955$5,831$3,736$2,654
35 years$18,995$12,779$8,372$5,367$3,384$2,374
36 years$18,265$12,129$7,832$4,943$3,066$2,124
37 years$17,575$11,520$7,331$4,555$2,779$1,901
38 years$16,923$10,948$6,865$4,198$2,519$1,702
39 years$16,307$10,410$6,432$3,871$2,284$1,524
40 years$15,722$9,905$6,028$3,570$2,072$1,364
41 years$15,168$9,428$5,653$3,294$1,880$1,222
42 years$14,641$8,979$5,302$3,040$1,706$1,095
43 years$14,140$8,555$4,976$2,806$1,548$981
44 years$13,664$8,155$4,670$2,591$1,405$879
45 years$13,209$7,777$4,385$2,393$1,276$787
46 years$12,776$7,419$4,119$2,210$1,158$706
47 years$12,363$7,080$3,870$2,042$1,052$632
48 years$11,967$6,758$3,636$1,887$955$567
49 years$11,590$6,454$3,418$1,744$867$508
50 years$11,228$6,165$3,213$1,612$788$455

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 $3,270 every year, while hoping to spend $22,972 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: 39/33/28 Blend
62$11,500,000$11,500,000$11,500,000$11,500,000
63$12,676,373$12,066,873$11,888,623$13,065,350
64$13,944,921$12,633,708$12,262,450$13,916,763
65$15,342,091$13,227,547$12,648,030$14,834,438
66$16,880,978$13,849,691$13,045,733$15,826,328
67$18,576,013$14,501,501$13,455,940$16,899,215
68$20,443,096$15,184,404$13,879,043$18,060,544
69$22,499,749$15,899,898$14,315,449$19,318,479
70$24,765,283$16,649,552$14,765,576$20,681,984
71$27,260,973$17,435,011$15,229,854$22,160,898
72$30,010,268$18,258,002$15,708,729$23,766,024
73$33,039,003$19,120,332$16,202,660$25,509,225
74$36,375,652$20,023,899$16,712,120$27,403,531
75$40,051,589$20,970,691$17,237,596$29,463,257
76$44,101,389$21,962,792$17,779,593$31,704,130
77$48,563,151$23,002,389$18,338,630$34,143,431
78$53,478,860$24,091,775$18,915,242$36,800,152
79$58,894,784$25,233,352$19,509,983$39,695,171
80$64,861,906$26,429,640$20,123,421$42,851,436
81$71,436,409$27,683,281$20,756,145$46,294,180
82$78,680,208$28,997,046$21,408,760$50,051,145
83$86,661,528$30,373,841$22,081,893$54,152,841
84$95,455,555$31,816,710$22,776,188$58,632,821
85$105,145,141$33,328,849$23,492,309$63,527,994
86$115,821,588$34,913,605$24,230,945$68,878,955
87$127,585,510$36,574,492$24,992,801$74,730,368
88$140,547,781$38,315,190$25,778,608$81,131,369
89$154,830,582$40,139,562$26,589,119$88,136,026
90$170,568,557$42,051,656$27,425,111$95,803,831
91$187,910,081$44,055,719$28,287,383$104,200,255
92$207,018,662$46,156,202$29,176,763$113,397,350
93$228,074,484$48,357,774$30,094,103$123,474,419
94$251,276,107$50,665,330$31,040,281$134,518,748
95$276,842,343$53,084,004$32,016,203$146,626,417
96$305,014,321$55,619,180$33,022,805$159,903,194
97$336,057,764$58,276,502$34,061,052$174,465,513
98$370,265,496$61,061,891$35,131,937$190,441,563
99$407,960,206$63,981,553$36,236,486$207,972,474
100$449,497,497$67,041,999$37,375,759$227,213,637