Can I retire at age 63 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,308,538
2 years$674,532$661,969$649,794$637,990$626,540$619,280
3 years$445,221$432,604$420,460$408,766$397,502$390,402
4 years$330,588$318,010$305,987$294,493$283,502$276,616
5 years$261,826$249,324$237,459$226,199$215,514$208,863
6 years$216,000$203,592$191,902$180,893$170,529$164,121
7 years$183,280$170,976$159,471$148,722$138,686$132,524
8 years$158,751$146,558$135,244$124,759$115,053$109,138
9 years$139,683$127,605$116,486$106,267$96,891$91,222
10 years$124,437$112,478$101,555$91,603$82,556$77,129
11 years$111,972$100,132$89,407$79,722$71,001$65,813
12 years$101,592$89,873$79,347$69,927$61,528$56,575
13 years$92,815$81,219$70,891$61,735$53,654$48,930
14 years$85,299$73,826$63,696$54,802$47,032$42,533
15 years$78,790$67,441$57,509$48,873$41,411$37,131
16 years$73,101$61,876$52,140$43,761$36,599$32,532
17 years$68,087$56,986$47,446$39,319$32,451$28,590
18 years$63,634$52,657$43,312$35,434$28,854$25,193
19 years$59,655$48,802$39,650$32,018$25,718$22,250
20 years$56,078$45,349$36,389$28,998$22,972$19,690
21 years$52,846$42,241$33,470$26,318$20,558$17,455
22 years$49,912$39,431$30,848$23,929$18,427$15,497
23 years$47,237$36,879$28,483$21,793$16,541$13,777
24 years$44,789$34,553$26,342$19,876$14,867$12,263
25 years$42,540$32,426$24,398$18,152$13,378$10,926
26 years$40,467$30,475$22,628$16,597$12,051$9,743
27 years$38,551$28,681$21,012$15,192$10,865$8,696
28 years$36,775$27,026$19,533$13,919$9,804$7,767
29 years$35,124$25,496$18,177$12,764$8,852$6,941
30 years$33,587$24,078$16,932$11,714$7,999$6,207
31 years$32,151$22,762$15,785$10,759$7,232$5,553
32 years$30,808$21,537$14,727$9,887$6,541$4,970
33 years$29,549$20,396$13,751$9,092$5,920$4,450
34 years$28,367$19,331$12,848$8,366$5,360$3,986
35 years$27,254$18,335$12,012$7,701$4,855$3,572
36 years$26,206$17,403$11,237$7,092$4,399$3,201
37 years$25,216$16,529$10,518$6,535$3,987$2,870
38 years$24,281$15,708$9,849$6,023$3,614$2,574
39 years$23,397$14,937$9,228$5,554$3,277$2,308
40 years$22,558$14,211$8,649$5,123$2,973$2,071
41 years$21,763$13,528$8,110$4,726$2,697$1,858
42 years$21,007$12,883$7,608$4,362$2,447$1,667
43 years$20,288$12,275$7,139$4,026$2,221$1,496
44 years$19,604$11,701$6,701$3,718$2,016$1,343
45 years$18,953$11,158$6,292$3,433$1,830$1,205
46 years$18,331$10,644$5,910$3,171$1,662$1,082
47 years$17,738$10,158$5,552$2,930$1,509$971
48 years$17,171$9,697$5,217$2,707$1,370$872
49 years$16,629$9,260$4,904$2,502$1,245$783
50 years$16,110$8,846$4,610$2,313$1,130$703

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $16,500,000, adding $4,793 every year, while hoping to spend $34,975 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: 56/16/28 Blend
62$16,500,000$16,500,000$16,500,000$16,500,000
63$18,187,944$17,313,444$17,057,694$19,065,820
64$20,005,901$18,124,590$17,591,914$20,481,587
65$22,008,118$18,974,309$18,142,857$22,019,331
66$24,213,351$19,864,456$18,711,049$23,694,140
67$26,642,271$20,796,972$19,297,027$25,519,252
68$29,317,655$21,773,896$19,901,349$27,509,226
69$32,264,600$22,797,362$20,524,589$29,680,075
70$35,510,765$23,869,608$21,167,339$32,049,415
71$39,086,627$24,992,983$21,830,209$34,636,625
72$43,025,771$26,169,947$22,513,828$37,463,025
73$47,365,205$27,403,079$23,218,846$40,552,075
74$52,145,711$28,695,086$23,945,933$43,929,591
75$57,412,231$30,048,802$24,695,779$47,623,983
76$63,214,287$31,467,201$25,469,096$51,666,517
77$69,606,452$32,953,402$26,266,618$56,091,607
78$76,648,863$34,510,672$27,089,103$60,937,133
79$84,407,791$36,142,438$27,937,332$66,244,793
80$92,956,262$37,852,295$28,812,110$72,060,490
81$102,374,753$39,644,009$29,714,267$78,434,760
82$112,751,943$41,521,531$30,644,661$85,423,240
83$124,185,559$43,489,004$31,604,174$93,087,189
84$136,783,290$45,550,769$32,593,718$101,494,059
85$150,663,810$47,711,381$33,614,232$110,718,121
86$165,957,894$49,975,614$34,666,685$120,841,161
87$182,809,656$52,348,476$35,752,076$131,953,245
88$201,377,906$54,835,216$36,871,435$144,153,555
89$221,837,649$57,441,339$38,025,825$157,551,325
90$244,381,742$60,172,616$39,216,342$172,266,853
91$269,222,706$63,035,101$40,444,116$188,432,637
92$296,594,740$66,035,139$41,710,312$206,194,606
93$326,755,928$69,179,386$43,016,132$225,713,495
94$359,990,676$72,474,819$44,362,815$247,166,345
95$396,612,395$75,928,756$45,751,641$270,748,169
96$436,966,465$79,548,870$47,183,926$296,673,775
97$481,433,487$83,343,207$48,661,030$325,179,785
98$530,432,883$87,320,205$50,184,355$356,526,854
99$584,426,853$91,488,711$51,755,347$391,002,118
100$643,924,737$95,858,003$53,375,496$428,921,891