Can I retire at age 63 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,304,491
2 years$690,884$678,017$665,547$653,456$641,728$598,665
3 years$456,014$443,092$430,653$418,676$407,139$365,502
4 years$338,602$325,719$313,405$301,632$290,375$250,483
5 years$268,174$255,368$243,215$231,683$220,738$182,699
6 years$221,236$208,527$196,554$185,278$174,663$138,508
7 years$187,723$175,121$163,337$152,328$142,048$107,773
8 years$162,599$150,111$138,523$127,784$117,842$85,425
9 years$143,069$130,698$119,310$108,843$99,240$68,643
10 years$127,454$115,204$104,017$93,824$84,558$55,734
11 years$114,686$102,560$91,575$81,655$72,722$45,619
12 years$104,054$92,052$81,270$71,622$63,020$37,578
13 years$95,065$83,188$72,610$63,232$54,954$31,113
14 years$87,366$75,616$65,240$56,130$48,173$25,866
15 years$80,700$69,076$58,903$50,058$42,415$21,576
16 years$74,873$63,376$53,404$44,822$37,487$18,047
17 years$69,737$58,367$48,596$40,272$33,238$15,130
18 years$65,177$53,934$44,362$36,293$29,554$12,707
19 years$61,101$49,985$40,611$32,794$26,342$10,690
20 years$57,438$46,449$37,271$29,701$23,529$9,004
21 years$54,127$43,265$34,282$26,956$21,056$7,593
22 years$51,122$40,386$31,596$24,509$18,874$6,408
23 years$48,382$37,773$29,173$22,321$16,942$5,413
24 years$45,874$35,391$26,980$20,358$15,228$4,575
25 years$43,571$33,212$24,989$18,592$13,703$3,869
26 years$41,448$31,214$23,176$17,000$12,343$3,273
27 years$39,485$29,376$21,521$15,560$11,128$2,770
28 years$37,666$27,681$20,007$14,256$10,041$2,346
29 years$35,976$26,114$18,618$13,073$9,067$1,986
30 years$34,401$24,662$17,342$11,998$8,193$1,683
31 years$32,931$23,314$16,167$11,019$7,407$1,426
32 years$31,555$22,059$15,084$10,127$6,700$1,208
33 years$30,265$20,891$14,084$9,313$6,064$1,024
34 years$29,054$19,800$13,160$8,568$5,490$868
35 years$27,915$18,780$12,303$7,888$4,972$736
36 years$26,841$17,825$11,510$7,264$4,505$624
37 years$25,828$16,929$10,773$6,693$4,083$529
38 years$24,870$16,089$10,088$6,169$3,702$448
39 years$23,964$15,299$9,452$5,688$3,357$380
40 years$23,105$14,556$8,859$5,247$3,045$322
41 years$22,290$13,856$8,307$4,841$2,762$273
42 years$21,516$13,196$7,792$4,467$2,507$232
43 years$20,780$12,573$7,312$4,124$2,275$197
44 years$20,080$11,984$6,863$3,808$2,065$167
45 years$19,412$11,428$6,445$3,517$1,875$141
46 years$18,775$10,902$6,053$3,248$1,702$120
47 years$18,168$10,404$5,687$3,001$1,545$102
48 years$17,587$9,932$5,344$2,773$1,404$86
49 years$17,032$9,484$5,023$2,563$1,275$73
50 years$16,500$9,060$4,722$2,369$1,158$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $16,900,000, adding $2,161 every year, while hoping to spend $35,304 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: 55/29/16 Blend
62$16,900,000$16,900,000$16,900,000$16,900,000
63$18,626,029$17,730,329$17,468,379$19,571,382
64$20,488,321$18,561,552$18,016,007$21,046,550
65$22,539,383$19,432,322$18,580,796$22,648,079
66$24,798,433$20,344,538$19,163,286$24,391,208
67$27,286,648$21,300,195$19,764,030$26,289,469
68$30,027,361$22,301,380$20,383,601$28,357,736
69$33,046,288$23,350,284$21,022,587$30,612,359
70$36,371,764$24,449,202$21,681,598$33,071,310
71$40,035,012$25,600,542$22,361,261$35,754,352
72$44,070,443$26,806,827$23,062,222$38,683,212
73$48,515,970$28,070,704$23,785,149$41,881,788
74$53,413,377$29,394,947$24,530,730$45,376,362
75$58,808,707$30,782,464$25,299,674$49,195,842
76$64,752,695$32,236,305$26,092,713$53,372,030
77$71,301,254$33,759,668$26,910,603$57,939,910
78$78,515,994$35,355,904$27,754,121$62,937,973
79$86,464,812$37,028,530$28,624,070$68,408,574
80$95,222,525$38,781,230$29,521,279$74,398,318
81$104,871,581$40,617,869$30,446,600$80,958,493
82$115,502,837$42,542,498$31,400,915$88,145,545
83$127,216,412$44,559,367$32,385,132$96,021,602
84$140,122,639$46,672,929$33,400,187$104,655,044
85$154,343,101$48,887,855$34,447,046$114,121,144
86$170,011,781$51,209,044$35,526,706$124,502,763
87$187,276,325$53,641,629$36,640,193$135,891,124
88$206,299,438$56,190,997$37,788,567$148,386,654
89$227,260,418$58,862,793$38,972,921$162,099,924
90$250,356,848$61,662,937$40,194,382$177,152,677
91$275,806,464$64,597,639$41,454,111$193,678,965
92$303,849,208$67,673,407$42,753,308$211,826,393
93$334,749,491$70,897,068$44,093,208$231,757,504
94$368,798,695$74,275,780$45,475,086$253,651,291
95$406,317,917$77,817,049$46,900,257$277,704,875
96$447,661,005$81,528,745$48,370,076$304,135,339
97$493,217,897$85,419,122$49,885,942$333,181,768
98$543,418,298$89,496,835$51,449,297$365,107,477
99$598,735,743$93,770,959$53,061,628$400,202,484
100$659,692,065$98,251,012$54,724,468$438,786,220