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

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$957,917$949,385$941,060$932,934$925,000$913,441
2 years$474,216$465,385$456,825$448,526$440,476$428,846
3 years$313,004$304,134$295,596$287,375$279,456$268,115
4 years$232,413$223,571$215,118$207,038$199,311$188,346
5 years$184,072$175,282$166,941$159,025$151,513$140,957
6 years$151,855$143,131$134,913$127,173$119,887$109,753
7 years$128,851$120,201$112,113$104,556$97,500$87,792
8 years$111,607$103,035$95,081$87,710$80,886$71,602
9 years$98,201$89,710$81,893$74,709$68,118$59,254
10 years$87,483$79,075$71,396$64,400$58,040$49,590
11 years$78,720$70,396$62,856$56,047$49,916$41,873
12 years$71,422$63,184$55,783$49,161$43,256$35,612
13 years$65,252$57,100$49,839$43,402$37,720$30,464
14 years$59,968$51,902$44,780$38,527$33,065$26,186
15 years$55,392$47,413$40,431$34,360$29,113$22,600
16 years$51,392$43,501$36,656$30,765$25,730$19,572
17 years$47,867$40,063$33,356$27,642$22,814$16,998
18 years$44,737$37,020$30,449$24,911$20,285$14,799
19 years$41,939$34,309$27,875$22,509$18,081$12,911
20 years$39,425$31,882$25,582$20,387$16,150$11,284
21 years$37,153$29,697$23,531$18,502$14,453$9,878
22 years$35,090$27,721$21,687$16,823$12,955$8,659
23 years$33,209$25,927$20,024$15,321$11,629$7,599
24 years$31,488$24,292$18,519$13,973$10,452$6,676
25 years$29,907$22,797$17,152$12,761$9,405$5,870
26 years$28,449$21,425$15,908$11,668$8,472$5,165
27 years$27,102$20,164$14,772$10,680$7,638$4,548
28 years$25,854$19,000$13,732$9,785$6,892$4,007
29 years$24,694$17,924$12,779$8,973$6,223$3,532
30 years$23,613$16,928$11,903$8,235$5,623$3,115
31 years$22,603$16,002$11,097$7,564$5,084$2,749
32 years$21,659$15,141$10,354$6,951$4,599$2,426
33 years$20,774$14,339$9,667$6,392$4,162$2,142
34 years$19,943$13,590$9,033$5,881$3,768$1,892
35 years$19,160$12,890$8,445$5,414$3,413$1,671
36 years$18,423$12,235$7,900$4,986$3,092$1,476
37 years$17,728$11,620$7,394$4,594$2,803$1,305
38 years$17,071$11,043$6,924$4,235$2,541$1,153
39 years$16,449$10,501$6,487$3,904$2,304$1,019
40 years$15,859$9,991$6,081$3,601$2,090$901
41 years$15,300$9,510$5,702$3,323$1,896$797
42 years$14,768$9,057$5,348$3,066$1,720$705
43 years$14,263$8,630$5,019$2,831$1,561$623
44 years$13,782$8,226$4,711$2,614$1,417$551
45 years$13,324$7,844$4,423$2,414$1,287$487
46 years$12,887$7,483$4,155$2,230$1,168$431
47 years$12,470$7,141$3,903$2,060$1,061$381
48 years$12,072$6,817$3,668$1,903$963$337
49 years$11,690$6,510$3,448$1,759$875$298
50 years$11,326$6,219$3,241$1,626$795$264

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 $3,538 every year, while hoping to spend $44,664 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: 69/20/11 Blend
62$11,600,000$11,600,000$11,600,000$11,600,000
63$12,786,849$12,172,049$11,992,249$13,639,593
64$14,043,586$12,720,958$12,346,468$14,754,912
65$15,427,013$13,295,266$12,711,055$15,968,906
66$16,950,005$13,896,170$13,086,312$17,295,819
67$18,626,749$14,524,927$13,472,548$18,746,738
68$20,472,879$15,182,849$13,870,079$20,333,861
69$22,505,619$15,871,315$14,279,234$22,070,613
70$24,743,950$16,591,768$14,700,346$23,971,768
71$27,208,789$17,345,720$15,133,763$26,053,585
72$29,923,181$18,134,756$15,579,840$28,333,962
73$32,912,522$18,960,536$16,038,941$30,832,600
74$36,204,797$19,824,800$16,511,444$33,571,185
75$39,830,843$20,729,372$16,997,734$36,573,592
76$43,824,641$21,676,163$17,498,209$39,866,105
77$48,223,633$22,667,174$18,013,278$43,477,663
78$53,069,083$23,704,504$18,543,362$47,440,129
79$58,406,457$24,790,353$19,088,893$51,788,585
80$64,285,860$25,927,025$19,650,315$56,561,665
81$70,762,504$27,116,935$20,228,087$61,801,908
82$77,897,229$28,362,614$20,822,677$67,556,162
83$85,757,079$29,666,716$21,434,570$73,876,019
84$94,415,936$31,032,020$22,064,263$80,818,294
85$103,955,213$32,461,440$22,712,267$88,445,564
86$114,464,625$33,958,031$23,379,109$96,826,746
87$126,043,036$35,524,993$24,065,327$106,037,747
88$138,799,389$37,165,681$24,771,479$116,162,175
89$152,853,739$38,883,612$25,498,137$127,292,118
90$168,338,383$40,682,471$26,245,886$139,529,012
91$185,399,107$42,566,122$27,015,333$152,984,591
92$204,196,567$44,538,613$27,807,097$167,781,934
93$224,907,801$46,604,188$28,621,819$184,056,620
94$247,727,900$48,767,297$29,460,154$201,958,003
95$272,871,854$51,032,603$30,322,777$221,650,609
96$300,576,576$53,404,994$31,210,383$243,315,689
97$331,103,142$55,889,593$32,123,686$267,152,915
98$364,739,251$58,491,772$33,063,418$293,382,260
99$401,801,946$61,217,161$34,030,334$322,246,063
100$442,640,604$64,071,661$35,025,210$354,011,311