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

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 $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%14%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,333,146
2 years$694,972$682,029$669,485$657,323$645,526$622,966
3 years$458,713$445,714$433,201$421,153$409,548$387,588
4 years$340,606$327,647$315,260$303,417$292,093$270,902
5 years$269,760$256,879$244,654$233,053$222,044$201,683
6 years$222,546$209,761$197,717$186,375$175,696$156,188
7 years$188,834$176,157$164,304$153,229$142,888$124,239
8 years$163,562$150,999$139,343$128,540$118,539$100,746
9 years$143,916$131,472$120,016$109,487$99,827$82,880
10 years$128,208$115,886$104,632$94,379$85,058$68,942
11 years$115,365$103,166$92,117$82,138$73,153$57,851
12 years$104,670$92,597$81,751$72,046$63,393$48,886
13 years$95,628$83,680$73,039$63,606$55,280$41,546
14 years$87,883$76,063$65,626$56,462$48,458$35,474
15 years$81,178$69,485$59,252$50,355$42,666$30,408
16 years$75,316$63,751$53,720$45,087$37,708$26,150
17 years$70,150$58,712$48,883$40,510$33,435$22,551
18 years$65,562$54,253$44,624$36,508$29,729$19,492
19 years$61,463$50,281$40,851$32,988$26,498$16,882
20 years$57,778$46,724$37,491$29,877$23,668$14,646
21 years$54,448$43,521$34,485$27,115$21,180$12,725
22 years$51,425$40,625$31,783$24,654$18,985$11,069
23 years$48,669$37,996$29,346$22,453$17,042$9,640
24 years$46,146$35,600$27,140$20,478$15,318$8,403
25 years$43,829$33,409$25,137$18,702$13,784$7,330
26 years$41,693$31,399$23,313$17,100$12,416$6,399
27 years$39,719$29,550$21,649$15,652$11,194$5,590
28 years$37,889$27,845$20,125$14,341$10,101$4,885
29 years$36,189$26,268$18,728$13,151$9,121$4,272
30 years$34,605$24,808$17,445$12,069$8,241$3,737
31 years$33,126$23,452$16,263$11,085$7,451$3,270
32 years$31,742$22,190$15,174$10,187$6,740$2,862
33 years$30,445$21,014$14,168$9,368$6,099$2,506
34 years$29,226$19,917$13,238$8,619$5,522$2,194
35 years$28,080$18,891$12,376$7,934$5,002$1,922
36 years$27,000$17,930$11,578$7,307$4,532$1,684
37 years$25,981$17,029$10,836$6,733$4,107$1,476
38 years$25,017$16,184$10,148$6,206$3,724$1,293
39 years$24,106$15,389$9,507$5,722$3,377$1,133
40 years$23,242$14,642$8,911$5,278$3,063$993
41 years$22,422$13,938$8,356$4,869$2,779$871
42 years$21,643$13,274$7,838$4,494$2,521$763
43 years$20,903$12,647$7,355$4,148$2,288$669
44 years$20,198$12,055$6,904$3,830$2,077$587
45 years$19,527$11,496$6,483$3,537$1,886$515
46 years$18,886$10,967$6,089$3,268$1,712$451
47 years$18,275$10,465$5,720$3,019$1,555$396
48 years$17,691$9,991$5,375$2,790$1,412$347
49 years$17,132$9,541$5,053$2,578$1,282$304
50 years$16,598$9,114$4,750$2,383$1,165$267

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 $6,552 every year, while hoping to spend $48,699 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: 67/15/18 Blend
62$17,000,000$17,000,000$17,000,000$17,000,000
63$18,740,758$17,839,758$17,576,258$19,913,297
64$20,600,500$18,662,091$18,113,248$21,520,495
65$22,648,304$19,523,086$18,666,594$23,271,020
66$24,903,300$20,424,586$19,236,794$25,184,037
67$27,386,569$21,368,523$19,824,359$27,275,509
68$30,121,339$22,356,922$20,429,815$29,563,004
69$33,133,209$23,391,904$21,053,707$32,065,856
70$36,450,384$24,475,694$21,696,594$34,805,345
71$40,103,944$25,610,625$22,359,051$37,804,893
72$44,128,139$26,799,138$23,041,672$41,090,284
73$48,560,711$28,043,798$23,745,070$44,689,900
74$53,443,247$29,347,287$24,469,873$48,634,987
75$58,821,577$30,712,423$25,216,732$52,959,947
76$64,746,200$32,142,154$25,986,315$57,702,655
77$71,272,766$33,639,573$26,779,310$62,904,813
78$78,462,600$35,207,924$27,596,429$68,612,343
79$86,383,277$36,850,604$28,438,401$74,875,809
80$95,109,264$38,571,176$29,305,980$81,750,895
81$104,722,621$40,373,376$30,199,943$89,298,920
82$115,313,775$42,261,118$31,121,087$97,587,415
83$126,982,374$44,238,507$32,070,238$106,690,754
84$139,838,228$46,309,846$33,048,243$116,690,850
85$154,002,344$48,479,645$34,055,976$127,677,918
86$169,608,070$50,752,634$35,094,337$139,751,326
87$186,802,350$53,133,770$36,164,255$153,020,523
88$205,747,116$55,628,251$37,266,684$167,606,066
89$226,620,812$58,241,526$38,402,608$183,640,746
90$249,620,081$60,979,307$39,573,042$201,270,842
91$274,961,621$63,847,584$40,779,029$220,657,486
92$302,884,226$66,852,635$42,021,647$241,978,179
93$333,651,047$70,001,045$43,302,002$265,428,459
94$367,552,072$73,299,714$44,621,237$291,223,732
95$404,906,863$76,755,880$45,980,528$319,601,303
96$446,067,574$80,377,129$47,381,087$350,822,601
97$491,422,273$84,171,415$48,824,161$385,175,636
98$541,398,611$88,147,080$50,311,035$422,977,710
99$596,467,849$92,312,867$51,843,035$464,578,398
100$657,149,317$96,677,945$53,421,524$510,362,840