Can I retire at age 63 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$966,175$957,569$949,172$940,977$932,974$914,137
2 years$478,304$469,397$460,763$452,393$444,274$425,378
3 years$315,702$306,756$298,144$289,852$281,865$263,501
4 years$234,417$225,498$216,973$208,822$201,029$183,337
5 years$185,659$176,793$168,380$160,396$152,819$135,850
6 years$153,164$144,365$136,076$128,270$120,920$104,692
7 years$129,962$121,237$113,080$105,458$98,341$82,857
8 years$112,569$103,923$95,901$88,466$81,583$66,840
9 years$99,048$90,484$82,599$75,353$68,705$54,692
10 years$88,237$79,757$72,012$64,955$58,540$45,244
11 years$79,398$71,003$63,398$56,530$50,346$37,750
12 years$72,038$63,728$56,264$49,585$43,629$31,715
13 years$65,814$57,592$50,268$43,776$38,045$26,793
14 years$60,484$52,349$45,166$38,859$33,350$22,739
15 years$55,870$47,822$40,779$34,656$29,364$19,371
16 years$51,835$43,876$36,972$31,030$25,952$16,553
17 years$48,280$40,408$33,643$27,881$23,011$14,183
18 years$45,122$37,339$30,712$25,126$20,460$12,180
19 years$42,301$34,605$28,115$22,704$18,237$10,479
20 years$39,765$32,157$25,803$20,562$16,289$9,030
21 years$37,473$29,953$23,734$18,662$14,577$7,792
22 years$35,392$27,960$21,874$16,968$13,066$6,731
23 years$33,495$26,150$20,197$15,453$11,729$5,821
24 years$31,759$24,501$18,679$14,094$10,542$5,038
25 years$30,164$22,993$17,300$12,871$9,487$4,364
26 years$28,695$21,610$16,045$11,769$8,545$3,782
27 years$27,336$20,337$14,899$10,772$7,704$3,280
28 years$26,077$19,164$13,851$9,870$6,952$2,846
29 years$24,906$18,079$12,889$9,051$6,277$2,470
30 years$23,816$17,074$12,006$8,306$5,672$2,145
31 years$22,798$16,140$11,193$7,629$5,128$1,863
32 years$21,846$15,272$10,443$7,011$4,638$1,618
33 years$20,953$14,463$9,751$6,447$4,198$1,406
34 years$20,114$13,707$9,111$5,932$3,801$1,222
35 years$19,326$13,001$8,518$5,461$3,442$1,063
36 years$18,582$12,340$7,968$5,029$3,119$924
37 years$17,881$11,720$7,458$4,634$2,827$803
38 years$17,218$11,138$6,984$4,271$2,563$699
39 years$16,590$10,592$6,543$3,938$2,324$608
40 years$15,996$10,077$6,133$3,632$2,108$529
41 years$15,432$9,592$5,751$3,351$1,912$460
42 years$14,896$9,135$5,395$3,093$1,735$400
43 years$14,386$8,704$5,062$2,855$1,575$348
44 years$13,901$8,297$4,752$2,636$1,430$303
45 years$13,439$7,912$4,462$2,435$1,298$263
46 years$12,998$7,548$4,190$2,249$1,178$229
47 years$12,578$7,203$3,937$2,078$1,070$199
48 years$12,176$6,876$3,700$1,920$972$174
49 years$11,791$6,566$3,477$1,774$883$151
50 years$11,423$6,272$3,269$1,640$802$131

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $11,700,000, adding $4,982 every year, while hoping to spend $59,528 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: 32/50/18 Blend
62$11,700,000$11,700,000$11,700,000$11,700,000
63$12,898,539$12,278,439$12,097,089$13,238,679
64$14,150,853$12,816,745$12,439,004$14,030,568
65$15,528,907$13,379,433$12,790,378$14,877,148
66$17,045,465$13,967,635$13,151,466$15,787,762
67$18,714,589$14,582,536$13,522,526$16,768,040
68$20,551,775$15,225,377$13,903,828$17,824,147
69$22,574,094$15,897,459$14,295,645$18,962,837
70$24,800,360$16,600,143$14,698,258$20,191,510
71$27,251,303$17,334,856$15,111,955$21,518,279
72$29,949,762$18,103,090$15,537,032$22,952,037
73$32,920,908$18,906,412$15,973,792$24,502,535
74$36,192,472$19,746,458$16,422,546$26,180,473
75$39,795,016$20,624,946$16,883,613$27,997,585
76$43,762,213$21,543,673$17,357,319$29,966,751
77$48,131,169$22,504,524$17,844,000$32,102,106
78$52,942,773$23,509,470$18,343,999$34,419,167
79$58,242,081$24,560,579$18,857,668$36,934,974
80$64,078,741$25,660,016$19,385,368$39,668,237
81$70,507,463$26,810,047$19,927,468$42,639,507
82$77,588,535$28,013,050$20,484,349$45,871,362
83$85,388,390$29,271,514$21,056,399$49,388,605
84$93,980,233$30,588,045$21,644,015$53,218,495
85$103,444,734$31,965,377$22,247,607$57,390,988
86$113,870,788$33,406,371$22,867,593$61,939,010
87$125,356,352$34,914,027$23,504,401$66,898,760
88$138,009,372$36,491,486$24,158,470$72,310,032
89$151,948,800$38,142,041$24,830,251$78,216,585
90$167,305,718$39,869,141$25,520,205$84,666,538
91$184,224,572$41,676,401$26,228,803$91,712,813
92$202,864,541$43,567,606$26,956,530$99,413,619
93$223,401,031$45,546,727$27,703,881$107,832,986
94$246,027,340$47,617,920$28,471,365$117,041,353
95$270,956,473$49,785,542$29,259,500$127,116,217
96$298,423,160$52,054,160$30,068,820$138,142,846
97$328,686,066$54,428,558$30,899,869$150,215,069
98$362,030,236$56,913,749$31,753,206$163,436,137
99$398,769,785$59,514,987$32,629,403$177,919,682
100$439,250,860$62,237,779$33,529,046$193,790,767