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

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$974,433$965,753$957,285$949,019$940,949$923,840
2 years$482,393$473,408$464,701$456,259$448,071$430,896
3 years$318,401$309,378$300,693$292,330$284,274$267,568
4 years$236,421$227,425$218,827$210,607$202,747$186,637
5 years$187,245$178,304$169,819$161,766$154,125$138,658
6 years$154,473$145,599$137,239$129,366$121,954$107,147
7 years$131,073$122,274$114,046$106,359$99,181$85,039
8 years$113,531$104,811$96,720$89,222$82,280$68,799
9 years$99,894$91,257$83,305$75,997$69,292$56,463
10 years$88,992$80,438$72,627$65,510$59,040$46,853
11 years$80,077$71,610$63,940$57,014$50,777$39,217
12 years$72,653$64,273$56,745$50,009$44,002$33,054
13 years$66,377$58,084$50,698$44,150$38,370$28,017
14 years$61,001$52,797$45,552$39,192$33,635$23,858
15 years$56,347$48,231$41,128$34,952$29,615$20,394
16 years$52,278$44,251$37,288$31,296$26,174$17,490
17 years$48,692$40,753$33,931$28,119$23,208$15,039
18 years$45,508$37,658$30,974$25,341$20,635$12,962
19 years$42,662$34,901$28,356$22,898$18,393$11,193
20 years$40,104$32,432$26,023$20,738$16,429$9,682
21 years$37,793$30,209$23,936$18,821$14,702$8,386
22 years$35,695$28,199$22,061$17,113$13,178$7,273
23 years$33,782$26,374$20,370$15,585$11,829$6,314
24 years$32,031$24,711$18,838$14,214$10,633$5,486
25 years$30,422$23,190$17,448$12,981$9,568$4,771
26 years$28,940$21,795$16,182$11,870$8,618$4,152
27 years$27,570$20,511$15,027$10,864$7,770$3,615
28 years$26,300$19,328$13,969$9,954$7,011$3,149
29 years$25,119$18,233$13,000$9,128$6,331$2,745
30 years$24,020$17,219$12,109$8,377$5,720$2,393
31 years$22,993$16,278$11,289$7,694$5,172$2,087
32 years$22,033$15,402$10,532$7,071$4,678$1,821
33 years$21,132$14,586$9,834$6,502$4,234$1,589
34 years$20,286$13,825$9,188$5,983$3,833$1,387
35 years$19,491$13,112$8,591$5,507$3,472$1,211
36 years$18,741$12,446$8,036$5,072$3,146$1,057
37 years$18,034$11,820$7,522$4,673$2,851$923
38 years$17,365$11,234$7,044$4,308$2,585$806
39 years$16,732$10,682$6,599$3,972$2,344$704
40 years$16,132$10,163$6,186$3,663$2,126$615
41 years$15,564$9,674$5,800$3,380$1,929$537
42 years$15,023$9,213$5,441$3,119$1,750$469
43 years$14,509$8,779$5,105$2,879$1,588$410
44 years$14,020$8,368$4,792$2,659$1,442$358
45 years$13,554$7,979$4,500$2,455$1,309$313
46 years$13,109$7,612$4,226$2,268$1,188$274
47 years$12,685$7,264$3,971$2,095$1,079$239
48 years$12,280$6,935$3,731$1,936$980$209
49 years$11,892$6,622$3,507$1,789$890$183
50 years$11,521$6,326$3,297$1,654$808$160

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 $6,317 every year, while hoping to spend $34,008 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: 62/27/11 Blend
62$11,800,000$11,800,000$11,800,000$11,800,000
63$13,010,116$12,384,716$12,201,816$13,783,396
64$14,300,964$12,955,383$12,574,393$14,872,764
65$15,722,338$13,552,873$12,958,311$16,056,867
66$17,287,516$14,178,464$13,353,914$17,348,515
67$19,011,131$14,833,496$13,761,558$18,758,122
68$20,909,303$15,519,374$14,181,607$20,297,143
69$22,999,798$16,237,569$14,614,437$21,978,178
70$25,302,192$16,989,625$15,060,436$23,815,080
71$27,838,058$17,777,159$15,520,002$25,823,095
72$30,631,166$18,601,866$15,993,549$28,018,988
73$33,707,710$19,465,523$16,481,498$30,421,209
74$37,096,555$20,369,992$16,984,287$33,050,057
75$40,829,508$21,317,226$17,502,365$35,927,867
76$44,941,619$22,309,271$18,036,195$39,079,220
77$49,471,512$23,348,273$18,586,255$42,531,166
78$54,461,748$24,436,480$19,153,036$46,313,479
79$59,959,228$25,576,249$19,737,044$50,458,928
80$66,015,636$26,770,052$20,338,803$55,003,586
81$72,687,926$28,020,480$20,958,847$59,987,160
82$80,038,858$29,330,247$21,597,733$65,453,362
83$88,137,594$30,702,201$22,256,028$71,450,319
84$97,060,345$32,139,326$22,934,323$78,031,013
85$106,891,098$33,644,751$23,633,220$85,253,782
86$117,722,402$35,221,755$24,353,345$93,182,860
87$129,656,244$36,873,778$25,095,338$101,888,974
88$142,805,011$38,604,424$25,859,863$111,450,010
89$157,292,553$40,417,471$26,647,599$121,951,735
90$173,255,350$42,316,884$27,459,250$133,488,597
91$190,843,799$44,306,814$28,295,538$146,164,615
92$210,223,637$46,391,618$29,157,209$160,094,345
93$231,577,501$48,575,862$30,045,029$175,403,952
94$255,106,658$50,864,331$30,959,790$192,232,395
95$281,032,900$53,262,045$31,902,304$210,732,726
96$309,600,636$55,774,266$32,873,412$231,073,523
97$341,079,207$58,406,511$33,873,978$253,440,468
98$375,765,420$61,164,564$34,904,890$278,038,093
99$413,986,355$64,054,490$35,967,066$305,091,694
100$456,102,451$67,082,647$37,061,450$334,849,446