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%17.9%
1 years$974,433$965,753$957,285$949,019$940,949$910,828
2 years$482,393$473,408$464,701$456,259$448,071$418,003
3 years$318,401$309,378$300,693$292,330$284,274$255,202
4 years$236,421$227,425$218,827$210,607$202,747$174,894
5 years$187,245$178,304$169,819$161,766$154,125$127,565
6 years$154,473$145,599$137,239$129,366$121,954$96,709
7 years$131,073$122,274$114,046$106,359$99,181$75,250
8 years$113,531$104,811$96,720$89,222$82,280$59,646
9 years$99,894$91,257$83,305$75,997$69,292$47,928
10 years$88,992$80,438$72,627$65,510$59,040$38,915
11 years$80,077$71,610$63,940$57,014$50,777$31,852
12 years$72,653$64,273$56,745$50,009$44,002$26,238
13 years$66,377$58,084$50,698$44,150$38,370$21,724
14 years$61,001$52,797$45,552$39,192$33,635$18,060
15 years$56,347$48,231$41,128$34,952$29,615$15,065
16 years$52,278$44,251$37,288$31,296$26,174$12,601
17 years$48,692$40,753$33,931$28,119$23,208$10,564
18 years$45,508$37,658$30,974$25,341$20,635$8,873
19 years$42,662$34,901$28,356$22,898$18,393$7,464
20 years$40,104$32,432$26,023$20,738$16,429$6,287
21 years$37,793$30,209$23,936$18,821$14,702$5,301
22 years$35,695$28,199$22,061$17,113$13,178$4,474
23 years$33,782$26,374$20,370$15,585$11,829$3,779
24 years$32,031$24,711$18,838$14,214$10,633$3,194
25 years$30,422$23,190$17,448$12,981$9,568$2,701
26 years$28,940$21,795$16,182$11,870$8,618$2,285
27 years$27,570$20,511$15,027$10,864$7,770$1,934
28 years$26,300$19,328$13,969$9,954$7,011$1,638
29 years$25,119$18,233$13,000$9,128$6,331$1,387
30 years$24,020$17,219$12,109$8,377$5,720$1,175
31 years$22,993$16,278$11,289$7,694$5,172$995
32 years$22,033$15,402$10,532$7,071$4,678$844
33 years$21,132$14,586$9,834$6,502$4,234$715
34 years$20,286$13,825$9,188$5,983$3,833$606
35 years$19,491$13,112$8,591$5,507$3,472$514
36 years$18,741$12,446$8,036$5,072$3,146$435
37 years$18,034$11,820$7,522$4,673$2,851$369
38 years$17,365$11,234$7,044$4,308$2,585$313
39 years$16,732$10,682$6,599$3,972$2,344$265
40 years$16,132$10,163$6,186$3,663$2,126$225
41 years$15,564$9,674$5,800$3,380$1,929$191
42 years$15,023$9,213$5,441$3,119$1,750$162
43 years$14,509$8,779$5,105$2,879$1,588$137
44 years$14,020$8,368$4,792$2,659$1,442$116
45 years$13,554$7,979$4,500$2,455$1,309$99
46 years$13,109$7,612$4,226$2,268$1,188$84
47 years$12,685$7,264$3,971$2,095$1,079$71
48 years$12,280$6,935$3,731$1,936$980$60
49 years$11,892$6,622$3,507$1,789$890$51
50 years$11,521$6,326$3,297$1,654$808$43

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 $2,269 every year, while hoping to spend $23,579 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: 57/38/5 Blend
62$11,800,000$11,800,000$11,800,000$11,800,000
63$13,005,940$12,380,540$12,197,640$13,734,812
64$14,307,459$12,962,099$12,581,174$14,806,139
65$15,740,941$13,571,364$12,976,765$15,969,936
66$17,319,824$14,209,667$13,384,793$17,237,285
67$19,058,912$14,878,407$13,805,649$18,618,062
68$20,974,519$15,579,047$14,239,737$20,123,120
69$23,084,624$16,313,125$14,687,472$21,764,386
70$25,409,037$17,082,249$15,149,284$23,554,968
71$27,969,588$17,888,108$15,625,614$25,509,273
72$30,790,333$18,732,473$16,116,919$27,643,142
73$33,897,781$19,617,198$16,623,671$29,973,990
74$37,321,145$20,544,231$17,146,353$32,520,966
75$41,092,614$21,515,610$17,685,468$35,305,131
76$45,247,661$22,533,476$18,241,532$38,349,646
77$49,825,376$23,600,070$18,815,077$41,679,986
78$54,868,836$24,717,745$19,406,654$45,324,175
79$60,425,509$25,888,965$20,016,828$49,313,041
80$66,547,704$27,116,318$20,646,185$53,680,505
81$73,293,064$28,402,512$21,295,327$58,463,885
82$80,725,113$29,750,391$21,964,876$63,704,247
83$88,913,849$31,162,935$22,655,474$69,446,783
84$97,936,412$32,643,270$23,367,783$75,741,227
85$107,877,807$34,194,671$24,102,485$82,642,315
86$118,831,708$35,820,575$24,860,283$90,210,295
87$130,901,344$37,524,584$25,641,904$98,511,481
88$144,200,470$39,310,478$26,448,097$107,618,874
89$158,854,444$41,182,217$27,279,633$117,612,833
90$175,001,406$43,143,955$28,137,310$128,581,829
91$192,793,589$45,200,048$29,021,950$140,623,264
92$212,398,749$47,355,064$29,934,399$153,844,375
93$234,001,752$49,613,792$30,875,531$168,363,240
94$257,806,318$51,981,256$31,846,249$184,309,873
95$284,036,946$54,462,721$32,847,483$201,827,438
96$312,941,032$57,063,712$33,880,190$221,073,584
97$344,791,202$59,790,019$34,945,362$242,221,920
98$379,887,891$62,647,715$36,044,017$265,463,635
99$418,562,173$65,643,171$37,177,209$291,009,283
100$461,178,892$68,783,064$38,346,023$319,090,755