Can I retire at age 63 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,325,776
2 years$699,060$686,041$673,423$661,189$649,323$611,520
3 years$461,411$448,335$435,749$423,630$411,957$375,338
4 years$342,609$329,574$317,114$305,202$293,811$258,656
5 years$271,347$258,390$246,093$234,424$223,351$189,756
6 years$223,855$210,995$198,880$187,471$176,730$144,727
7 years$189,945$177,193$165,270$154,130$143,729$113,319
8 years$164,524$151,887$140,162$129,296$119,237$90,404
9 years$144,762$132,245$120,722$110,132$100,415$73,131
10 years$128,962$116,568$105,248$94,934$85,558$59,789
11 years$116,044$103,773$92,659$82,621$73,583$49,286
12 years$105,286$93,141$82,232$72,470$63,765$40,895
13 years$96,190$84,173$73,469$63,980$55,605$34,112
14 years$88,400$76,511$66,012$56,794$48,743$28,576
15 years$81,655$69,894$59,600$50,651$42,917$24,023
16 years$75,759$64,126$54,036$45,352$37,930$20,253
17 years$70,563$59,058$49,171$40,749$33,631$17,116
18 years$65,948$54,572$44,887$36,723$29,904$14,494
19 years$61,824$50,577$41,092$33,182$26,654$12,294
20 years$58,117$46,998$37,712$30,053$23,808$10,443
21 years$54,768$43,777$34,688$27,275$21,305$8,881
22 years$51,727$40,864$31,970$24,799$19,097$7,560
23 years$48,955$38,220$29,519$22,585$17,143$6,441
24 years$46,417$35,809$27,300$20,599$15,408$5,492
25 years$44,086$33,605$25,285$18,812$13,865$4,685
26 years$41,938$31,584$23,451$17,201$12,489$3,999
27 years$39,953$29,724$21,776$15,744$11,260$3,415
28 years$38,112$28,009$20,244$14,425$10,160$2,918
29 years$36,402$26,423$18,838$13,228$9,174$2,493
30 years$34,808$24,954$17,547$12,140$8,290$2,131
31 years$33,320$23,589$16,359$11,150$7,495$1,822
32 years$31,928$22,320$15,263$10,247$6,779$1,558
33 years$30,624$21,138$14,251$9,423$6,135$1,333
34 years$29,398$20,034$13,315$8,670$5,555$1,140
35 years$28,245$19,002$12,449$7,981$5,031$975
36 years$27,159$18,035$11,646$7,350$4,559$835
37 years$26,133$17,130$10,900$6,772$4,132$714
38 years$25,164$16,279$10,208$6,242$3,746$611
39 years$24,247$15,480$9,563$5,756$3,397$523
40 years$23,378$14,728$8,964$5,309$3,081$448
41 years$22,554$14,020$8,405$4,898$2,795$383
42 years$21,771$13,352$7,884$4,520$2,536$328
43 years$21,026$12,722$7,398$4,173$2,302$281
44 years$20,317$12,126$6,945$3,853$2,089$240
45 years$19,642$11,564$6,521$3,558$1,897$206
46 years$18,998$11,031$6,125$3,287$1,722$176
47 years$18,383$10,527$5,754$3,037$1,564$151
48 years$17,795$10,049$5,407$2,806$1,420$129
49 years$17,233$9,597$5,082$2,593$1,290$110
50 years$16,696$9,167$4,778$2,397$1,172$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,100,000, adding $3,236 every year, while hoping to spend $34,695 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: 64/29/7 Blend
62$17,100,000$17,100,000$17,100,000$17,100,000
63$18,847,538$17,941,238$17,676,188$20,029,206
64$20,733,072$18,783,443$18,231,425$21,658,705
65$22,809,767$19,665,754$18,804,100$23,433,290
66$25,097,086$20,590,099$19,394,760$25,370,515
67$27,616,474$21,558,499$20,003,969$27,486,160
68$30,391,563$22,573,074$20,632,311$29,797,581
69$33,448,395$23,636,047$21,280,386$32,323,863
70$36,815,666$24,749,748$21,948,814$35,086,000
71$40,524,998$25,916,620$22,638,233$38,107,082
72$44,611,237$27,139,224$23,349,304$41,412,514
73$49,112,782$28,420,245$24,082,704$45,030,243
74$54,071,948$29,762,499$24,839,137$48,991,020
75$59,535,363$31,168,937$25,619,324$53,328,682
76$65,554,410$32,642,656$26,424,012$58,080,465
77$72,185,714$34,186,899$27,253,970$63,287,346
78$79,491,670$35,805,071$28,109,991$68,994,426
79$87,541,038$37,500,737$28,992,893$75,251,344
80$96,409,590$39,277,640$29,903,522$82,112,739
81$106,180,825$41,139,700$30,842,746$89,638,757
82$116,946,755$43,091,032$31,811,465$97,895,610
83$128,808,779$45,135,947$32,810,603$106,956,191
84$141,878,632$47,278,966$33,841,116$116,900,749
85$156,279,448$49,524,831$34,903,989$127,817,642
86$172,146,917$51,878,514$36,000,238$139,804,155
87$189,630,568$54,345,226$37,130,911$152,967,409
88$208,895,178$56,930,433$38,297,088$167,425,360
89$230,122,330$59,639,869$39,499,885$183,307,900
90$253,512,126$62,479,541$40,740,450$200,758,068
91$279,285,078$65,455,753$42,019,970$219,933,389
92$307,684,184$68,575,113$43,339,667$241,007,344
93$338,977,228$71,844,551$44,700,803$264,170,996
94$373,459,304$75,271,333$46,104,678$289,634,773
95$411,455,603$78,863,078$47,552,635$317,630,441
96$453,324,483$82,627,778$49,046,057$348,413,275
97$499,460,852$86,573,810$50,586,372$382,264,446
98$550,299,895$90,709,963$52,175,051$419,493,663
99$606,321,182$95,045,449$53,813,613$460,442,070
100$668,053,197$99,589,931$55,503,624$505,485,448