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

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,349,900
2 years$699,060$686,041$673,423$661,189$649,323$635,546
3 years$461,411$448,335$435,749$423,630$411,957$398,509
4 years$342,609$329,574$317,114$305,202$293,811$280,796
5 years$271,347$258,390$246,093$234,424$223,351$210,806
6 years$223,855$210,995$198,880$187,471$176,730$164,671
7 years$189,945$177,193$165,270$154,130$143,729$132,161
8 years$164,524$151,887$140,162$129,296$119,237$108,160
9 years$144,762$132,245$120,722$110,132$100,415$89,824
10 years$128,962$116,568$105,248$94,934$85,558$75,448
11 years$116,044$103,773$92,659$82,621$73,583$63,945
12 years$105,286$93,141$82,232$72,470$63,765$54,590
13 years$96,190$84,173$73,469$63,980$55,605$46,881
14 years$88,400$76,511$66,012$56,794$48,743$40,459
15 years$81,655$69,894$59,600$50,651$42,917$35,061
16 years$75,759$64,126$54,036$45,352$37,930$30,488
17 years$70,563$59,058$49,171$40,749$33,631$26,590
18 years$65,948$54,572$44,887$36,723$29,904$23,250
19 years$61,824$50,577$41,092$33,182$26,654$20,372
20 years$58,117$46,998$37,712$30,053$23,808$17,885
21 years$54,768$43,777$34,688$27,275$21,305$15,726
22 years$51,727$40,864$31,970$24,799$19,097$13,848
23 years$48,955$38,220$29,519$22,585$17,143$12,209
24 years$46,417$35,809$27,300$20,599$15,408$10,775
25 years$44,086$33,605$25,285$18,812$13,865$9,519
26 years$41,938$31,584$23,451$17,201$12,489$8,416
27 years$39,953$29,724$21,776$15,744$11,260$7,446
28 years$38,112$28,009$20,244$14,425$10,160$6,592
29 years$36,402$26,423$18,838$13,228$9,174$5,840
30 years$34,808$24,954$17,547$12,140$8,290$5,176
31 years$33,320$23,589$16,359$11,150$7,495$4,589
32 years$31,928$22,320$15,263$10,247$6,779$4,070
33 years$30,624$21,138$14,251$9,423$6,135$3,612
34 years$29,398$20,034$13,315$8,670$5,555$3,206
35 years$28,245$19,002$12,449$7,981$5,031$2,846
36 years$27,159$18,035$11,646$7,350$4,559$2,527
37 years$26,133$17,130$10,900$6,772$4,132$2,245
38 years$25,164$16,279$10,208$6,242$3,746$1,994
39 years$24,247$15,480$9,563$5,756$3,397$1,772
40 years$23,378$14,728$8,964$5,309$3,081$1,574
41 years$22,554$14,020$8,405$4,898$2,795$1,399
42 years$21,771$13,352$7,884$4,520$2,536$1,244
43 years$21,026$12,722$7,398$4,173$2,302$1,106
44 years$20,317$12,126$6,945$3,853$2,089$983
45 years$19,642$11,564$6,521$3,558$1,897$874
46 years$18,998$11,031$6,125$3,287$1,722$777
47 years$18,383$10,527$5,754$3,037$1,564$691
48 years$17,795$10,049$5,407$2,806$1,420$615
49 years$17,233$9,597$5,082$2,593$1,290$546
50 years$16,696$9,167$4,778$2,397$1,172$486

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 $2,330 every year, while hoping to spend $52,053 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: 69/16/15 Blend
62$17,100,000$17,100,000$17,100,000$17,100,000
63$18,846,603$17,940,303$17,675,253$20,081,587
64$20,713,573$18,763,994$18,211,990$21,727,460
65$22,769,229$19,626,301$18,764,963$23,521,139
66$25,032,762$20,529,062$19,334,662$25,482,271
67$27,525,319$21,474,202$19,921,588$27,627,337
68$30,270,203$22,463,739$20,526,263$29,974,474
69$33,293,089$23,499,788$21,149,218$32,543,645
70$36,622,273$24,584,566$21,791,006$35,356,822
71$40,288,932$25,720,397$22,452,192$38,438,189
72$44,327,423$26,909,716$23,133,360$41,814,371
73$48,775,604$28,155,076$23,835,111$45,514,675
74$53,675,193$29,459,152$24,558,065$49,571,368
75$59,072,161$30,824,749$25,302,858$54,019,976
76$65,017,166$32,254,806$26,070,149$58,899,614
77$71,566,031$33,752,405$26,860,612$64,253,349
78$78,780,268$35,320,776$27,674,945$70,128,605
79$86,727,665$36,963,303$28,513,865$76,577,606
80$95,482,918$38,683,536$29,378,111$83,657,860
81$105,128,342$40,485,195$30,268,444$91,432,700
82$115,754,643$42,372,180$31,185,646$99,971,874
83$127,461,777$44,348,578$32,130,527$109,352,197
84$140,359,895$46,418,674$33,103,916$119,658,274
85$154,570,376$48,586,961$34,106,669$130,983,288
86$170,226,981$50,858,148$35,139,668$143,429,872
87$187,477,107$53,237,172$36,203,822$157,111,076
88$206,483,186$55,729,208$37,300,064$172,151,423
89$227,424,213$58,339,681$38,429,358$188,688,077
90$250,497,436$61,074,279$39,592,695$206,872,131
91$275,920,221$63,938,964$40,791,096$226,870,025
92$303,932,099$66,939,989$42,025,613$248,865,105
93$334,797,031$70,083,907$43,297,330$273,059,351
94$368,805,898$73,377,588$44,607,360$299,675,269
95$406,279,246$76,828,236$45,956,852$328,957,983
96$447,570,312$80,443,402$47,346,990$361,177,540
97$493,068,360$84,231,005$48,778,991$396,631,445
98$543,202,354$88,199,346$50,254,108$435,647,462
99$598,445,008$92,357,128$51,773,635$478,586,695
100$659,317,247$96,713,475$53,338,900$525,846,982