Can I retire at age 63 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$974,433$965,753$957,285$949,019$940,949$909,010
2 years$482,393$473,408$464,701$456,259$448,071$416,213
3 years$318,401$309,378$300,693$292,330$284,274$253,499
4 years$236,421$227,425$218,827$210,607$202,747$173,288
5 years$187,245$178,304$169,819$161,766$154,125$126,061
6 years$154,473$145,599$137,239$129,366$121,954$95,308
7 years$131,073$122,274$114,046$106,359$99,181$73,948
8 years$113,531$104,811$96,720$89,222$82,280$58,441
9 years$99,894$91,257$83,305$75,997$69,292$46,817
10 years$88,992$80,438$72,627$65,510$59,040$37,893
11 years$80,077$71,610$63,940$57,014$50,777$30,916
12 years$72,653$64,273$56,745$50,009$44,002$25,382
13 years$66,377$58,084$50,698$44,150$38,370$20,944
14 years$61,001$52,797$45,552$39,192$33,635$17,351
15 years$56,347$48,231$41,128$34,952$29,615$14,422
16 years$52,278$44,251$37,288$31,296$26,174$12,020
17 years$48,692$40,753$33,931$28,119$23,208$10,040
18 years$45,508$37,658$30,974$25,341$20,635$8,401
19 years$42,662$34,901$28,356$22,898$18,393$7,041
20 years$40,104$32,432$26,023$20,738$16,429$5,908
21 years$37,793$30,209$23,936$18,821$14,702$4,962
22 years$35,695$28,199$22,061$17,113$13,178$4,172
23 years$33,782$26,374$20,370$15,585$11,829$3,510
24 years$32,031$24,711$18,838$14,214$10,633$2,955
25 years$30,422$23,190$17,448$12,981$9,568$2,489
26 years$28,940$21,795$16,182$11,870$8,618$2,097
27 years$27,570$20,511$15,027$10,864$7,770$1,768
28 years$26,300$19,328$13,969$9,954$7,011$1,491
29 years$25,119$18,233$13,000$9,128$6,331$1,257
30 years$24,020$17,219$12,109$8,377$5,720$1,061
31 years$22,993$16,278$11,289$7,694$5,172$895
32 years$22,033$15,402$10,532$7,071$4,678$755
33 years$21,132$14,586$9,834$6,502$4,234$637
34 years$20,286$13,825$9,188$5,983$3,833$538
35 years$19,491$13,112$8,591$5,507$3,472$454
36 years$18,741$12,446$8,036$5,072$3,146$383
37 years$18,034$11,820$7,522$4,673$2,851$324
38 years$17,365$11,234$7,044$4,308$2,585$273
39 years$16,732$10,682$6,599$3,972$2,344$231
40 years$16,132$10,163$6,186$3,663$2,126$195
41 years$15,564$9,674$5,800$3,380$1,929$165
42 years$15,023$9,213$5,441$3,119$1,750$139
43 years$14,509$8,779$5,105$2,879$1,588$117
44 years$14,020$8,368$4,792$2,659$1,442$99
45 years$13,554$7,979$4,500$2,455$1,309$84
46 years$13,109$7,612$4,226$2,268$1,188$71
47 years$12,685$7,264$3,971$2,095$1,079$60
48 years$12,280$6,935$3,731$1,936$980$50
49 years$11,892$6,622$3,507$1,789$890$43
50 years$11,521$6,326$3,297$1,654$808$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $11,800,000, adding $3,610 every year, while hoping to spend $50,864 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: 85/5/10 Blend
62$11,800,000$11,800,000$11,800,000$11,800,000
63$13,007,324$12,381,924$12,199,024$14,093,817
64$14,279,952$12,934,519$12,553,572$15,356,864
65$15,680,683$13,512,487$12,918,293$16,737,095
66$17,222,531$14,117,017$13,293,474$18,251,989
67$18,919,833$14,749,355$13,679,409$19,915,072
68$20,788,389$15,410,806$14,076,403$21,741,244
69$22,845,608$16,102,739$14,484,765$23,746,916
70$25,110,673$16,826,585$14,904,817$25,950,164
71$27,604,720$17,583,847$15,336,888$28,370,901
72$30,351,043$18,376,097$15,781,315$31,031,063
73$33,375,305$19,204,982$16,238,445$33,954,811
74$36,705,789$20,072,228$16,708,635$37,168,765
75$40,373,657$20,979,645$17,192,253$40,702,248
76$44,413,251$21,929,128$17,689,673$44,587,565
77$48,862,409$22,922,662$18,201,284$48,860,307
78$53,762,830$23,962,328$18,727,482$53,559,680
79$59,160,462$25,050,306$19,268,677$58,728,883
80$65,105,939$26,188,880$19,825,287$64,415,505
81$71,655,054$27,380,444$20,397,743$70,671,981
82$78,869,290$28,627,507$20,986,488$77,556,079
83$86,816,399$29,932,696$21,591,977$85,131,446
84$95,571,041$31,298,767$22,214,677$93,468,209
85$105,215,485$32,728,605$22,855,067$102,643,633
86$115,840,394$34,225,236$23,513,641$112,742,849
87$127,545,670$35,791,829$24,190,904$123,859,657
88$140,441,406$37,431,706$24,887,377$136,097,406
89$154,648,918$39,148,348$25,603,593$149,569,973
90$170,301,895$40,945,404$26,340,100$164,402,833
91$187,547,657$42,826,698$27,097,462$180,734,238
92$206,548,548$44,796,236$27,876,258$198,716,528
93$227,483,468$46,858,220$28,677,080$218,517,560
94$250,549,559$49,017,050$29,500,539$240,322,290
95$275,964,069$51,277,340$30,347,262$264,334,522
96$303,966,400$53,643,926$31,217,892$290,778,825
97$334,820,369$56,121,875$32,113,088$319,902,651
98$368,816,700$58,716,500$33,033,530$351,978,668
99$406,275,763$61,433,368$33,979,912$387,307,334
100$447,550,603$64,278,315$34,952,951$426,219,724