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%13.6%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,327,491
2 years$690,884$678,017$665,547$653,456$641,728$621,485
3 years$456,014$443,092$430,653$418,676$407,139$387,419
4 years$338,602$325,719$313,405$301,632$290,375$271,332
5 years$268,174$255,368$243,215$231,683$220,738$202,427
6 years$221,236$208,527$196,554$185,278$174,663$157,104
7 years$187,723$175,121$163,337$152,328$142,048$125,248
8 years$162,599$150,111$138,523$127,784$117,842$101,799
9 years$143,069$130,698$119,310$108,843$99,240$83,945
10 years$127,454$115,204$104,017$93,824$84,558$69,999
11 years$114,686$102,560$91,575$81,655$72,722$58,885
12 years$104,054$92,052$81,270$71,622$63,020$49,888
13 years$95,065$83,188$72,610$63,232$54,954$42,509
14 years$87,366$75,616$65,240$56,130$48,173$36,394
15 years$80,700$69,076$58,903$50,058$42,415$31,282
16 years$74,873$63,376$53,404$44,822$37,487$26,977
17 years$69,737$58,367$48,596$40,272$33,238$23,330
18 years$65,177$53,934$44,362$36,293$29,554$20,224
19 years$61,101$49,985$40,611$32,794$26,342$17,567
20 years$57,438$46,449$37,271$29,701$23,529$15,286
21 years$54,127$43,265$34,282$26,956$21,056$13,321
22 years$51,122$40,386$31,596$24,509$18,874$11,624
23 years$48,382$37,773$29,173$22,321$16,942$10,154
24 years$45,874$35,391$26,980$20,358$15,228$8,879
25 years$43,571$33,212$24,989$18,592$13,703$7,770
26 years$41,448$31,214$23,176$17,000$12,343$6,805
27 years$39,485$29,376$21,521$15,560$11,128$5,963
28 years$37,666$27,681$20,007$14,256$10,041$5,228
29 years$35,976$26,114$18,618$13,073$9,067$4,587
30 years$34,401$24,662$17,342$11,998$8,193$4,025
31 years$32,931$23,314$16,167$11,019$7,407$3,534
32 years$31,555$22,059$15,084$10,127$6,700$3,104
33 years$30,265$20,891$14,084$9,313$6,064$2,726
34 years$29,054$19,800$13,160$8,568$5,490$2,396
35 years$27,915$18,780$12,303$7,888$4,972$2,106
36 years$26,841$17,825$11,510$7,264$4,505$1,851
37 years$25,828$16,929$10,773$6,693$4,083$1,627
38 years$24,870$16,089$10,088$6,169$3,702$1,431
39 years$23,964$15,299$9,452$5,688$3,357$1,258
40 years$23,105$14,556$8,859$5,247$3,045$1,107
41 years$22,290$13,856$8,307$4,841$2,762$974
42 years$21,516$13,196$7,792$4,467$2,507$857
43 years$20,780$12,573$7,312$4,124$2,275$754
44 years$20,080$11,984$6,863$3,808$2,065$663
45 years$19,412$11,428$6,445$3,517$1,875$583
46 years$18,775$10,902$6,053$3,248$1,702$513
47 years$18,168$10,404$5,687$3,001$1,545$452
48 years$17,587$9,932$5,344$2,773$1,404$398
49 years$17,032$9,484$5,023$2,563$1,275$350
50 years$16,500$9,060$4,722$2,369$1,158$308

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 $2,264 every year, while hoping to spend $32,939 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: 54/34/12 Blend
62$16,900,000$16,900,000$16,900,000$16,900,000
63$18,626,135$17,730,435$17,468,485$19,574,042
64$20,490,954$18,564,180$18,018,633$21,052,183
65$22,544,881$19,437,674$18,586,106$22,656,436
66$24,807,169$20,352,830$19,171,451$24,401,759
67$27,299,036$21,311,655$19,775,231$26,301,563
68$30,043,862$22,316,250$20,398,025$28,370,584
69$33,067,410$23,368,821$21,040,433$30,625,013
70$36,398,071$24,471,678$21,703,073$33,082,646
71$40,067,130$25,627,246$22,386,581$35,763,044
72$44,109,061$26,838,065$23,091,616$38,687,709
73$48,561,855$28,106,799$23,818,854$41,880,284
74$53,467,373$29,436,242$24,568,995$45,366,762
75$58,871,749$30,829,322$25,342,760$49,175,730
76$64,825,819$32,289,110$26,140,894$53,338,628
77$71,385,602$33,818,826$26,964,164$57,890,036
78$78,612,831$35,421,845$27,813,361$62,867,991
79$86,575,533$37,101,709$28,689,301$68,314,339
80$95,348,673$38,862,128$29,592,828$74,275,118
81$105,014,859$40,706,994$30,524,810$80,800,984
82$115,665,127$42,640,388$31,486,143$87,947,676
83$127,399,792$44,666,590$32,477,751$95,776,531
84$140,329,403$46,790,085$33,500,587$104,355,053
85$154,575,781$49,015,578$34,555,636$113,757,535
86$170,273,173$51,348,004$35,643,912$124,065,750
87$187,569,514$53,792,533$36,766,461$135,369,706
88$206,627,829$56,354,592$37,924,362$147,768,486
89$227,627,769$59,039,868$39,118,729$161,371,162
90$250,767,305$61,854,326$40,350,710$176,297,813
91$276,264,601$64,804,219$41,621,490$192,680,643
92$304,360,071$67,896,106$42,932,291$210,665,206
93$335,318,648$71,136,865$44,284,372$230,411,770
94$369,432,286$74,533,707$45,679,035$252,096,803
95$407,022,716$78,094,196$47,117,619$275,914,625
96$448,444,482$81,826,261$48,601,509$302,079,219
97$494,088,290$85,738,218$50,132,130$330,826,228
98$544,384,695$89,838,790$51,710,956$362,415,161
99$599,808,164$94,137,121$53,339,503$397,131,814
100$660,881,558$98,642,801$55,019,337$435,290,946