Can I retire at age 63 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,309,931
2 years$686,796$674,005$661,609$649,590$637,931$608,139
3 years$453,316$440,470$428,105$416,198$404,730$375,800
4 years$336,599$323,792$311,551$299,847$288,657$260,812
5 years$266,587$253,857$241,776$230,312$219,432$192,751
6 years$219,927$207,293$195,391$184,182$173,629$148,139
7 years$186,612$174,085$162,371$151,426$141,207$116,913
8 years$161,637$149,223$137,703$127,028$117,145$94,038
9 years$142,223$129,925$118,604$108,199$98,653$76,716
10 years$126,700$114,523$103,402$93,269$84,057$63,268
11 years$114,008$101,953$91,033$81,172$72,292$52,622
12 years$103,439$91,507$80,790$71,199$62,647$44,066
13 years$94,503$82,696$72,180$62,858$54,629$37,104
14 years$86,849$75,168$64,854$55,798$47,888$31,382
15 years$80,223$68,668$58,555$49,762$42,164$26,641
16 years$74,430$63,001$53,088$44,557$37,265$22,686
17 years$69,325$58,022$48,308$40,034$33,041$19,368
18 years$64,791$53,615$44,099$36,078$29,379$16,571
19 years$60,740$49,690$40,371$32,600$26,186$14,204
20 years$57,098$46,174$37,050$29,526$23,390$12,194
21 years$53,807$43,009$34,079$26,796$20,931$10,482
22 years$50,820$40,148$31,409$24,364$18,762$9,021
23 years$48,096$37,549$29,001$22,189$16,842$7,771
24 years$45,603$35,181$26,821$20,237$15,138$6,699
25 years$43,313$33,016$24,841$18,482$13,622$5,780
26 years$41,203$31,029$23,039$16,899$12,270$4,989
27 years$39,252$29,202$21,394$15,468$11,062$4,309
28 years$37,444$27,517$19,888$14,172$9,982$3,723
29 years$35,763$25,959$18,508$12,996$9,013$3,219
30 years$34,198$24,516$17,239$11,927$8,144$2,783
31 years$32,736$23,176$16,072$10,954$7,363$2,407
32 years$31,368$21,929$14,995$10,067$6,660$2,083
33 years$30,086$20,767$14,001$9,258$6,028$1,802
34 years$28,882$19,682$13,082$8,518$5,457$1,560
35 years$27,750$18,668$12,231$7,841$4,943$1,350
36 years$26,682$17,719$11,441$7,221$4,479$1,169
37 years$25,675$16,829$10,709$6,654$4,059$1,012
38 years$24,723$15,994$10,028$6,133$3,680$877
39 years$23,822$15,208$9,396$5,655$3,337$759
40 years$22,968$14,469$8,807$5,216$3,027$658
41 years$22,158$13,774$8,258$4,812$2,746$570
42 years$21,389$13,117$7,746$4,441$2,492$493
43 years$20,657$12,498$7,269$4,100$2,261$427
44 years$19,961$11,913$6,823$3,785$2,053$370
45 years$19,297$11,361$6,406$3,496$1,863$321
46 years$18,664$10,838$6,017$3,229$1,692$278
47 years$18,060$10,342$5,653$2,983$1,536$241
48 years$17,483$9,873$5,312$2,757$1,395$209
49 years$16,931$9,428$4,993$2,548$1,267$181
50 years$16,403$9,006$4,694$2,355$1,151$157

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $16,800,000, adding $4,367 every year, while hoping to spend $33,389 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: 60/22/18 Blend
62$16,800,000$16,800,000$16,800,000$16,800,000
63$18,518,105$17,627,705$17,367,305$19,542,781
64$20,371,426$18,455,936$17,913,584$21,064,083
65$22,412,666$19,323,633$18,477,044$22,718,906
66$24,660,959$20,232,692$19,058,226$24,523,477
67$27,137,387$21,185,104$19,657,687$26,492,300
68$29,865,183$22,182,956$20,276,002$28,641,324
69$32,869,947$23,228,436$20,913,763$30,988,091
70$36,179,890$24,323,838$21,571,582$33,551,898
71$39,826,100$25,471,567$22,250,091$36,353,973
72$43,842,832$26,674,144$22,949,939$39,417,668
73$48,267,837$27,934,213$23,671,798$42,768,680
74$53,142,713$29,254,546$24,416,360$46,435,280
75$58,513,300$30,638,049$25,184,339$50,448,584
76$64,430,113$32,087,770$25,976,471$54,842,830
77$70,948,818$33,606,904$26,793,516$59,655,705
78$78,130,756$35,198,801$27,636,257$64,928,686
79$86,043,524$36,866,973$28,505,502$70,707,429
80$94,761,612$38,615,103$29,402,085$77,042,193
81$104,367,107$40,447,054$30,326,866$83,988,305
82$114,950,467$42,366,875$31,280,731$91,606,674
83$126,611,374$44,378,810$32,264,594$99,964,360
84$139,459,675$46,487,314$33,279,400$109,135,200
85$153,616,423$48,697,053$34,326,121$119,200,489
86$169,215,013$51,012,924$35,405,761$130,249,746
87$186,402,445$53,440,058$36,519,354$142,381,544
88$205,340,711$55,983,837$37,667,969$155,704,435
89$226,208,325$58,649,907$38,852,708$170,337,957
90$249,202,006$61,444,183$40,074,705$186,413,759
91$274,538,535$64,372,873$41,335,132$204,076,829
92$302,456,806$67,442,484$42,635,199$223,486,847
93$333,220,073$70,659,838$43,976,151$244,819,685
94$367,118,442$74,032,092$45,359,274$268,269,053
95$404,471,607$77,566,749$46,785,894$294,048,309
96$445,631,869$81,271,678$48,257,379$322,392,467
97$490,987,458$85,155,128$49,775,140$353,560,390
98$540,966,204$89,225,754$51,340,632$387,837,226
99$596,039,569$93,492,628$52,955,355$425,537,082
100$656,727,104$97,965,266$54,620,858$467,005,968