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%15.9%
1 years$982,691$973,938$965,398$957,062$948,923$925,983
2 years$486,481$477,420$468,640$460,126$451,868$428,894
3 years$321,099$311,999$303,241$294,807$286,684$264,394
4 years$238,424$229,353$220,682$212,392$204,465$183,032
5 years$188,832$179,815$171,258$163,137$155,431$134,913
6 years$155,782$146,833$138,402$130,462$122,987$103,406
7 years$132,184$123,310$115,013$107,260$100,022$81,379
8 years$114,493$105,699$97,540$89,978$82,978$65,266
9 years$100,741$92,030$84,011$76,641$69,879$53,084
10 years$89,746$81,120$73,243$66,065$59,541$43,643
11 years$80,756$72,217$64,482$57,497$51,207$36,184
12 years$73,269$64,818$57,226$50,432$44,375$30,202
13 years$66,939$58,576$51,128$44,524$38,696$25,345
14 years$61,518$53,244$45,938$39,524$33,920$21,364
15 years$56,825$48,640$41,476$35,248$29,866$18,073
16 years$52,721$44,626$37,604$31,561$26,396$15,335
17 years$49,105$41,099$34,218$28,357$23,404$13,045
18 years$45,894$37,977$31,237$25,556$20,810$11,120
19 years$43,024$35,197$28,596$23,092$18,548$9,496
20 years$40,444$32,707$26,244$20,914$16,568$8,122
21 years$38,113$30,465$24,139$18,981$14,826$6,955
22 years$35,997$28,438$22,248$17,258$13,290$5,962
23 years$34,068$26,597$20,542$15,717$11,930$5,116
24 years$32,302$24,920$18,998$14,335$10,723$4,393
25 years$30,680$23,386$17,596$13,091$9,649$3,775
26 years$29,185$21,979$16,319$11,970$8,691$3,246
27 years$27,803$20,685$15,154$10,957$7,836$2,792
28 years$26,523$19,491$14,088$10,039$7,070$2,403
29 years$25,332$18,388$13,110$9,206$6,384$2,068
30 years$24,223$17,365$12,211$8,448$5,769$1,781
31 years$23,188$16,416$11,384$7,759$5,215$1,534
32 years$22,219$15,533$10,622$7,131$4,718$1,322
33 years$21,311$14,710$9,917$6,557$4,270$1,139
34 years$20,458$13,942$9,266$6,033$3,866$982
35 years$19,656$13,223$8,663$5,554$3,501$846
36 years$18,900$12,551$8,104$5,115$3,172$730
37 years$18,186$11,921$7,586$4,713$2,875$629
38 years$17,512$11,329$7,104$4,344$2,607$543
39 years$16,874$10,773$6,655$4,005$2,364$468
40 years$16,269$10,249$6,238$3,694$2,144$404
41 years$15,695$9,756$5,849$3,409$1,945$348
42 years$15,150$9,292$5,487$3,146$1,765$300
43 years$14,632$8,853$5,149$2,904$1,602$259
44 years$14,139$8,439$4,833$2,681$1,454$223
45 years$13,669$8,047$4,538$2,476$1,320$193
46 years$13,221$7,677$4,262$2,287$1,198$166
47 years$12,793$7,326$4,004$2,113$1,088$143
48 years$12,384$6,994$3,763$1,953$988$124
49 years$11,993$6,678$3,537$1,805$898$107
50 years$11,619$6,379$3,325$1,668$815$92

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 $6,642 every year, while hoping to spend $50,430 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: 57/22/21 Blend
62$11,900,000$11,900,000$11,900,000$11,900,000
63$13,120,651$12,489,951$12,305,501$13,794,241
64$14,405,301$13,048,302$12,664,078$14,812,456
65$15,819,294$13,632,321$13,032,978$15,915,615
66$17,375,771$14,243,214$13,412,492$17,116,782
67$19,089,211$14,882,242$13,802,921$18,425,411
68$20,975,566$15,550,728$14,204,575$19,851,893
69$23,052,416$16,250,056$14,617,770$21,407,660
70$25,339,131$16,981,678$15,042,834$23,105,284
71$27,857,055$17,747,113$15,480,102$24,958,597
72$30,629,708$18,547,954$15,929,918$26,982,815
73$33,683,005$19,385,871$16,392,637$29,194,678
74$37,045,503$20,262,610$16,868,623$31,612,607
75$40,748,672$21,180,006$17,358,249$34,256,873
76$44,827,187$22,139,976$17,861,901$37,149,784
77$49,319,258$23,144,533$18,379,972$40,315,890
78$54,266,990$24,195,783$18,912,869$43,782,216
79$59,716,782$25,295,936$19,461,010$47,578,506
80$65,719,762$26,447,304$20,024,821$51,737,501
81$72,332,269$27,652,314$20,604,744$56,295,248
82$79,616,388$28,913,505$21,201,231$61,291,429
83$87,640,534$30,233,541$21,814,746$66,769,732
84$96,480,096$31,615,211$22,445,768$72,778,261
85$106,218,150$33,061,441$23,094,785$79,369,982
86$116,946,244$34,575,294$23,762,303$86,603,215
87$128,765,259$36,159,982$24,448,839$94,542,182
88$141,786,365$37,818,871$25,154,924$103,257,604
89$156,132,066$39,555,487$25,881,105$112,827,366
90$171,937,358$41,373,527$26,627,944$123,337,238
91$189,351,004$43,276,865$27,396,016$134,881,684
92$208,536,937$45,269,563$28,185,913$147,564,743
93$229,675,807$47,355,874$28,998,244$161,501,002
94$252,966,688$49,540,260$29,833,633$176,816,673
95$278,628,953$51,827,395$30,692,723$193,650,771
96$306,904,348$54,222,180$31,576,171$212,156,421
97$338,059,273$56,729,749$32,484,654$232,502,292
98$372,387,298$59,355,485$33,418,869$254,874,179
99$410,211,929$62,105,030$34,379,528$279,476,748
100$451,889,668$64,984,299$35,367,364$306,535,456