Can I retire at age 63 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$957,917$949,385$941,060$932,934$925,000$900,084
2 years$474,216$465,385$456,825$448,526$440,476$415,551
3 years$313,004$304,134$295,596$287,375$279,456$255,303
4 years$232,413$223,571$215,118$207,038$199,311$176,114
5 years$184,072$175,282$166,941$159,025$151,513$129,337
6 years$151,855$143,131$134,913$127,173$119,887$98,754
7 years$128,851$120,201$112,113$104,556$97,500$77,410
8 years$111,607$103,035$95,081$87,710$80,886$61,829
9 years$98,201$89,710$81,893$74,709$68,118$50,077
10 years$87,483$79,075$71,396$64,400$58,040$40,991
11 years$78,720$70,396$62,856$56,047$49,916$33,834
12 years$71,422$63,184$55,783$49,161$43,256$28,111
13 years$65,252$57,100$49,839$43,402$37,720$23,480
14 years$59,968$51,902$44,780$38,527$33,065$19,697
15 years$55,392$47,413$40,431$34,360$29,113$16,581
16 years$51,392$43,501$36,656$30,765$25,730$13,999
17 years$47,867$40,063$33,356$27,642$22,814$11,848
18 years$44,737$37,020$30,449$24,911$20,285$10,048
19 years$41,939$34,309$27,875$22,509$18,081$8,536
20 years$39,425$31,882$25,582$20,387$16,150$7,262
21 years$37,153$29,697$23,531$18,502$14,453$6,185
22 years$35,090$27,721$21,687$16,823$12,955$5,273
23 years$33,209$25,927$20,024$15,321$11,629$4,500
24 years$31,488$24,292$18,519$13,973$10,452$3,843
25 years$29,907$22,797$17,152$12,761$9,405$3,284
26 years$28,449$21,425$15,908$11,668$8,472$2,807
27 years$27,102$20,164$14,772$10,680$7,638$2,401
28 years$25,854$19,000$13,732$9,785$6,892$2,055
29 years$24,694$17,924$12,779$8,973$6,223$1,759
30 years$23,613$16,928$11,903$8,235$5,623$1,506
31 years$22,603$16,002$11,097$7,564$5,084$1,290
32 years$21,659$15,141$10,354$6,951$4,599$1,105
33 years$20,774$14,339$9,667$6,392$4,162$946
34 years$19,943$13,590$9,033$5,881$3,768$811
35 years$19,160$12,890$8,445$5,414$3,413$695
36 years$18,423$12,235$7,900$4,986$3,092$596
37 years$17,728$11,620$7,394$4,594$2,803$511
38 years$17,071$11,043$6,924$4,235$2,541$438
39 years$16,449$10,501$6,487$3,904$2,304$375
40 years$15,859$9,991$6,081$3,601$2,090$322
41 years$15,300$9,510$5,702$3,323$1,896$276
42 years$14,768$9,057$5,348$3,066$1,720$236
43 years$14,263$8,630$5,019$2,831$1,561$203
44 years$13,782$8,226$4,711$2,614$1,417$174
45 years$13,324$7,844$4,423$2,414$1,287$149
46 years$12,887$7,483$4,155$2,230$1,168$128
47 years$12,470$7,141$3,903$2,060$1,061$110
48 years$12,072$6,817$3,668$1,903$963$94
49 years$11,690$6,510$3,448$1,759$875$81
50 years$11,326$6,219$3,241$1,626$795$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $11,600,000, adding $2,046 every year, while hoping to spend $35,154 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: 65/30/5 Blend
62$11,600,000$11,600,000$11,600,000$11,600,000
63$12,785,310$12,170,510$11,990,710$13,607,623
64$14,052,009$12,729,462$12,354,996$14,712,952
65$15,446,732$13,314,624$12,730,306$15,915,634
66$16,982,501$13,927,243$13,116,974$17,228,579
67$18,673,665$14,568,627$13,515,342$18,662,493
68$20,536,036$15,240,146$13,925,762$20,229,151
69$22,587,033$15,943,236$14,348,598$21,941,503
70$24,845,857$16,679,401$14,784,222$23,813,795
71$27,333,662$17,450,219$15,233,021$25,861,695
72$30,073,759$18,257,343$15,695,391$28,102,442
73$33,091,836$19,102,506$16,171,740$30,555,003
74$36,416,199$19,987,525$16,662,489$33,240,248
75$40,078,041$20,914,303$17,168,071$36,181,141
76$44,111,733$21,884,835$17,688,934$39,402,954
77$48,555,152$22,901,215$18,225,536$42,933,500
78$53,450,037$23,965,634$18,778,350$46,803,391
79$58,842,381$25,080,390$19,347,865$51,046,321
80$64,782,868$26,247,894$19,934,583$55,699,379
81$71,327,350$27,470,669$20,539,021$60,803,393
82$78,537,372$28,751,365$21,161,711$66,403,310
83$86,480,758$30,092,756$21,803,202$72,548,612
84$95,232,245$31,497,751$22,464,059$79,293,780
85$104,874,193$32,969,400$23,144,864$86,698,797
86$115,497,360$34,510,899$23,846,216$94,829,710
87$127,201,759$36,125,602$24,568,733$103,759,247
88$140,097,602$37,817,020$25,313,049$113,567,490
89$154,306,341$39,588,837$26,079,820$124,342,629
90$169,961,813$41,444,916$26,869,719$136,181,781
91$187,211,505$43,389,303$27,683,441$149,191,900
92$206,217,942$45,426,243$28,521,700$163,490,779
93$227,160,229$47,560,185$29,385,234$179,208,146
94$250,235,733$49,795,795$30,274,800$196,486,883
95$275,661,950$52,137,962$31,191,178$215,484,363
96$303,678,560$54,591,813$32,135,174$236,373,924
97$334,549,686$57,162,724$33,107,615$259,346,491
98$368,566,388$59,856,332$34,109,354$284,612,369
99$406,049,412$62,678,544$35,141,269$312,403,212
100$447,352,215$65,635,556$36,204,265$342,974,201