Can I retire at age 63 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$982,691$973,938$965,398$957,062$948,923$913,077
2 years$486,481$477,420$468,640$460,126$451,868$416,170
3 years$321,099$311,999$303,241$294,807$286,684$252,257
4 years$238,424$229,353$220,682$212,392$204,465$171,571
5 years$188,832$179,815$171,258$163,137$155,431$124,156
6 years$155,782$146,833$138,402$130,462$122,987$93,352
7 years$132,184$123,310$115,013$107,260$100,022$72,018
8 years$114,493$105,699$97,540$89,978$82,978$56,579
9 years$100,741$92,030$84,011$76,641$69,879$45,048
10 years$89,746$81,120$73,243$66,065$59,541$36,232
11 years$80,756$72,217$64,482$57,497$51,207$29,369
12 years$73,269$64,818$57,226$50,432$44,375$23,952
13 years$66,939$58,576$51,128$44,524$38,696$19,629
14 years$61,518$53,244$45,938$39,524$33,920$16,149
15 years$56,825$48,640$41,476$35,248$29,866$13,328
16 years$52,721$44,626$37,604$31,561$26,396$11,027
17 years$49,105$41,099$34,218$28,357$23,404$9,143
18 years$45,894$37,977$31,237$25,556$20,810$7,594
19 years$43,024$35,197$28,596$23,092$18,548$6,316
20 years$40,444$32,707$26,244$20,914$16,568$5,259
21 years$38,113$30,465$24,139$18,981$14,826$4,384
22 years$35,997$28,438$22,248$17,258$13,290$3,657
23 years$34,068$26,597$20,542$15,717$11,930$3,052
24 years$32,302$24,920$18,998$14,335$10,723$2,549
25 years$30,680$23,386$17,596$13,091$9,649$2,130
26 years$29,185$21,979$16,319$11,970$8,691$1,780
27 years$27,803$20,685$15,154$10,957$7,836$1,489
28 years$26,523$19,491$14,088$10,039$7,070$1,245
29 years$25,332$18,388$13,110$9,206$6,384$1,042
30 years$24,223$17,365$12,211$8,448$5,769$872
31 years$23,188$16,416$11,384$7,759$5,215$729
32 years$22,219$15,533$10,622$7,131$4,718$610
33 years$21,311$14,710$9,917$6,557$4,270$511
34 years$20,458$13,942$9,266$6,033$3,866$428
35 years$19,656$13,223$8,663$5,554$3,501$358
36 years$18,900$12,551$8,104$5,115$3,172$300
37 years$18,186$11,921$7,586$4,713$2,875$251
38 years$17,512$11,329$7,104$4,344$2,607$210
39 years$16,874$10,773$6,655$4,005$2,364$176
40 years$16,269$10,249$6,238$3,694$2,144$147
41 years$15,695$9,756$5,849$3,409$1,945$123
42 years$15,150$9,292$5,487$3,146$1,765$103
43 years$14,632$8,853$5,149$2,904$1,602$87
44 years$14,139$8,439$4,833$2,681$1,454$72
45 years$13,669$8,047$4,538$2,476$1,320$61
46 years$13,221$7,677$4,262$2,287$1,198$51
47 years$12,793$7,326$4,004$2,113$1,088$43
48 years$12,384$6,994$3,763$1,953$988$36
49 years$11,993$6,678$3,537$1,805$898$30
50 years$11,619$6,379$3,325$1,668$815$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $11,900,000, adding $3,737 every year, while hoping to spend $30,161 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: 51/22/27 Blend
62$11,900,000$11,900,000$11,900,000$11,900,000
63$13,117,655$12,486,955$12,302,505$13,686,799
64$14,423,564$13,066,724$12,682,548$14,663,177
65$15,861,666$13,673,892$13,074,311$15,720,934
66$17,445,411$14,309,768$13,478,156$16,870,543
67$19,189,623$14,975,726$13,894,454$18,120,758
68$21,110,635$15,673,207$14,323,588$19,481,198
69$23,226,446$16,403,721$14,765,954$20,962,436
70$25,556,889$17,168,848$15,221,959$22,576,098
71$28,123,819$17,970,250$15,692,023$24,334,968
72$30,951,321$18,809,664$16,176,578$26,253,104
73$34,065,932$19,688,914$16,676,070$28,345,964
74$37,496,897$20,609,911$17,190,958$30,630,556
75$41,276,442$21,574,658$17,721,717$33,125,585
76$45,440,079$22,585,256$18,268,834$35,851,631
77$50,026,940$23,643,907$18,832,813$38,831,335
78$55,080,149$24,752,919$19,414,173$42,089,611
79$60,647,224$25,914,711$20,013,447$45,653,873
80$66,780,531$27,131,822$20,631,188$49,554,293
81$73,537,774$28,406,912$21,267,962$53,824,072
82$80,982,545$29,742,767$21,924,356$58,499,757
83$89,184,915$31,142,313$22,600,973$63,621,573
84$98,222,104$32,608,615$23,298,433$69,233,802
85$108,179,207$34,144,886$24,017,380$75,385,187
86$119,149,996$35,754,495$24,758,471$82,129,392
87$131,237,806$37,440,975$25,522,390$89,525,500
88$144,556,509$39,208,029$26,309,837$97,638,560
89$159,231,591$41,059,542$27,121,535$106,540,195
90$175,401,338$42,999,583$27,958,231$116,309,272
91$193,218,134$45,032,423$28,820,691$127,032,635
92$212,849,908$47,162,536$29,709,709$138,805,915
93$234,481,714$49,394,616$30,626,100$151,734,430
94$258,317,479$51,733,582$31,570,705$165,934,159
95$284,581,930$54,184,595$32,544,391$181,532,837
96$313,522,710$56,753,064$33,548,051$198,671,142
97$345,412,723$59,444,661$34,582,607$217,504,017
98$380,552,704$62,265,332$35,649,008$238,202,120
99$419,274,062$65,221,315$36,748,232$260,953,420
100$461,942,004$68,319,148$37,881,286$285,964,963