Can I retire at age 63 with 17,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,324,986
2 years$694,972$682,029$669,485$657,323$645,526$614,843
3 years$458,713$445,714$433,201$421,153$409,548$379,758
4 years$340,606$327,647$315,260$303,417$292,093$263,426
5 years$269,760$256,879$244,654$233,053$222,044$194,581
6 years$222,546$209,761$197,717$186,375$175,696$149,464
7 years$188,834$176,157$164,304$153,229$142,888$117,892
8 years$163,562$150,999$139,343$128,540$118,539$94,770
9 years$143,916$131,472$120,016$109,487$99,827$77,267
10 years$128,208$115,886$104,632$94,379$85,058$63,683
11 years$115,365$103,166$92,117$82,138$73,153$52,934
12 years$104,670$92,597$81,751$72,046$63,393$44,298
13 years$95,628$83,680$73,039$63,606$55,280$37,274
14 years$87,883$76,063$65,626$56,462$48,458$31,505
15 years$81,178$69,485$59,252$50,355$42,666$26,727
16 years$75,316$63,751$53,720$45,087$37,708$22,743
17 years$70,150$58,712$48,883$40,510$33,435$19,402
18 years$65,562$54,253$44,624$36,508$29,729$16,588
19 years$61,463$50,281$40,851$32,988$26,498$14,208
20 years$57,778$46,724$37,491$29,877$23,668$12,188
21 years$54,448$43,521$34,485$27,115$21,180$10,469
22 years$51,425$40,625$31,783$24,654$18,985$9,003
23 years$48,669$37,996$29,346$22,453$17,042$7,749
24 years$46,146$35,600$27,140$20,478$15,318$6,675
25 years$43,829$33,409$25,137$18,702$13,784$5,754
26 years$41,693$31,399$23,313$17,100$12,416$4,963
27 years$39,719$29,550$21,649$15,652$11,194$4,283
28 years$37,889$27,845$20,125$14,341$10,101$3,698
29 years$36,189$26,268$18,728$13,151$9,121$3,194
30 years$34,605$24,808$17,445$12,069$8,241$2,760
31 years$33,126$23,452$16,263$11,085$7,451$2,385
32 years$31,742$22,190$15,174$10,187$6,740$2,062
33 years$30,445$21,014$14,168$9,368$6,099$1,783
34 years$29,226$19,917$13,238$8,619$5,522$1,542
35 years$28,080$18,891$12,376$7,934$5,002$1,333
36 years$27,000$17,930$11,578$7,307$4,532$1,154
37 years$25,981$17,029$10,836$6,733$4,107$998
38 years$25,017$16,184$10,148$6,206$3,724$863
39 years$24,106$15,389$9,507$5,722$3,377$747
40 years$23,242$14,642$8,911$5,278$3,063$647
41 years$22,422$13,938$8,356$4,869$2,779$560
42 years$21,643$13,274$7,838$4,494$2,521$484
43 years$20,903$12,647$7,355$4,148$2,288$419
44 years$20,198$12,055$6,904$3,830$2,077$363
45 years$19,527$11,496$6,483$3,537$1,886$314
46 years$18,886$10,967$6,089$3,268$1,712$272
47 years$18,275$10,465$5,720$3,019$1,555$235
48 years$17,691$9,991$5,375$2,790$1,412$204
49 years$17,132$9,541$5,053$2,578$1,282$176
50 years$16,598$9,114$4,750$2,383$1,165$153

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,000,000, adding $2,180 every year, while hoping to spend $40,047 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: 78/13/9 Blend
62$17,000,000$17,000,000$17,000,000$17,000,000
63$18,736,249$17,835,249$17,571,749$20,171,359
64$20,604,736$18,666,566$18,117,793$21,945,583
65$22,662,468$19,537,276$18,680,787$23,885,552
66$24,928,703$20,449,266$19,261,257$26,012,000
67$27,424,666$21,404,516$19,859,744$28,343,493
68$30,173,744$22,405,099$20,476,808$30,900,468
69$33,201,709$23,453,192$21,113,024$33,705,427
70$36,536,959$24,551,074$21,768,986$36,783,146
71$40,210,788$25,701,136$22,445,306$40,160,908
72$44,257,680$26,905,883$23,142,615$43,868,754
73$48,715,634$28,167,942$23,861,564$47,939,766
74$53,626,525$29,490,068$24,602,823$52,410,376
75$59,036,497$30,875,148$25,367,084$57,320,706
76$64,996,399$32,326,208$26,155,060$62,714,941
77$71,562,262$33,846,424$26,967,485$68,641,748
78$78,795,836$35,439,121$27,805,118$75,154,725
79$86,765,161$37,107,788$28,668,740$82,312,909
80$95,545,221$38,856,083$29,559,156$90,181,324
81$105,218,642$40,687,840$30,477,197$98,831,594
82$115,876,478$42,607,079$31,423,717$108,342,613
83$127,619,068$44,618,014$32,399,601$118,801,286
84$140,556,982$46,725,066$33,405,757$130,303,341
85$154,812,068$48,932,868$34,443,123$142,954,233
86$170,518,598$51,246,278$35,512,667$156,870,130
87$187,824,539$53,670,389$36,615,385$172,179,006
88$206,892,947$56,210,543$37,752,305$189,021,842
89$227,903,507$58,872,339$38,924,487$207,553,949
90$251,054,229$61,661,648$40,133,022$227,946,434
91$276,563,319$64,584,628$41,379,037$250,387,799
92$304,671,235$67,647,732$42,663,692$275,085,723
93$335,642,960$70,857,730$43,988,185$302,269,009
94$369,770,502$74,221,719$45,353,749$332,189,737
95$407,375,650$77,747,140$46,761,656$365,125,639
96$448,813,012$81,441,796$48,213,218$401,382,707
97$494,473,364$85,313,868$49,709,785$441,298,080
98$544,787,337$89,371,938$51,252,753$485,243,209
99$600,229,483$93,625,000$52,843,558$533,627,361
100$661,322,753$98,082,488$54,483,680$586,901,469