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%12.2%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,351,025
2 years$699,060$686,041$673,423$661,189$649,323$636,675
3 years$461,411$448,335$435,749$423,630$411,957$399,607
4 years$342,609$329,574$317,114$305,202$293,811$281,854
5 years$271,347$258,390$246,093$234,424$223,351$211,821
6 years$223,855$210,995$198,880$187,471$176,730$165,642
7 years$189,945$177,193$165,270$154,130$143,729$133,088
8 years$164,524$151,887$140,162$129,296$119,237$109,043
9 years$144,762$132,245$120,722$110,132$100,415$90,665
10 years$128,962$116,568$105,248$94,934$85,558$76,246
11 years$116,044$103,773$92,659$82,621$73,583$64,701
12 years$105,286$93,141$82,232$72,470$63,765$55,305
13 years$96,190$84,173$73,469$63,980$55,605$47,556
14 years$88,400$76,511$66,012$56,794$48,743$41,096
15 years$81,655$69,894$59,600$50,651$42,917$35,661
16 years$75,759$64,126$54,036$45,352$37,930$31,053
17 years$70,563$59,058$49,171$40,749$33,631$27,121
18 years$65,948$54,572$44,887$36,723$29,904$23,747
19 years$61,824$50,577$41,092$33,182$26,654$20,838
20 years$58,117$46,998$37,712$30,053$23,808$18,321
21 years$54,768$43,777$34,688$27,275$21,305$16,134
22 years$51,727$40,864$31,970$24,799$19,097$14,228
23 years$48,955$38,220$29,519$22,585$17,143$12,563
24 years$46,417$35,809$27,300$20,599$15,408$11,105
25 years$44,086$33,605$25,285$18,812$13,865$9,825
26 years$41,938$31,584$23,451$17,201$12,489$8,701
27 years$39,953$29,724$21,776$15,744$11,260$7,710
28 years$38,112$28,009$20,244$14,425$10,160$6,837
29 years$36,402$26,423$18,838$13,228$9,174$6,066
30 years$34,808$24,954$17,547$12,140$8,290$5,385
31 years$33,320$23,589$16,359$11,150$7,495$4,783
32 years$31,928$22,320$15,263$10,247$6,779$4,249
33 years$30,624$21,138$14,251$9,423$6,135$3,777
34 years$29,398$20,034$13,315$8,670$5,555$3,358
35 years$28,245$19,002$12,449$7,981$5,031$2,986
36 years$27,159$18,035$11,646$7,350$4,559$2,656
37 years$26,133$17,130$10,900$6,772$4,132$2,363
38 years$25,164$16,279$10,208$6,242$3,746$2,103
39 years$24,247$15,480$9,563$5,756$3,397$1,872
40 years$23,378$14,728$8,964$5,309$3,081$1,666
41 years$22,554$14,020$8,405$4,898$2,795$1,483
42 years$21,771$13,352$7,884$4,520$2,536$1,321
43 years$21,026$12,722$7,398$4,173$2,302$1,176
44 years$20,317$12,126$6,945$3,853$2,089$1,047
45 years$19,642$11,564$6,521$3,558$1,897$933
46 years$18,998$11,031$6,125$3,287$1,722$831
47 years$18,383$10,527$5,754$3,037$1,564$740
48 years$17,795$10,049$5,407$2,806$1,420$659
49 years$17,233$9,597$5,082$2,593$1,290$587
50 years$16,696$9,167$4,778$2,397$1,172$523

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 $4,886 every year, while hoping to spend $23,670 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: 70/22/8 Blend
62$17,100,000$17,100,000$17,100,000$17,100,000
63$18,849,240$17,942,940$17,677,890$20,142,356
64$20,746,678$18,796,959$18,244,915$21,852,576
65$22,836,861$19,692,032$18,830,141$23,719,962
66$25,139,424$20,630,146$19,434,155$25,762,667
67$27,676,005$21,613,382$20,057,558$27,997,911
68$30,470,447$22,643,927$20,700,975$30,444,644
69$33,549,023$23,724,070$21,365,049$33,123,715
70$36,940,688$24,856,214$22,050,443$36,058,068
71$40,677,347$26,042,877$22,757,841$39,272,954
72$44,794,159$27,286,702$23,487,952$42,796,162
73$49,329,870$28,590,456$24,241,505$46,658,280
74$54,327,174$29,957,046$25,019,253$50,892,976
75$59,833,122$31,389,518$25,821,974$55,537,310
76$65,899,561$32,891,064$26,650,470$60,632,083
77$72,583,625$34,465,035$27,505,570$66,222,208
78$79,948,277$36,114,944$28,388,128$72,357,137
79$88,062,898$37,844,473$29,299,028$79,091,314
80$97,003,948$39,657,486$30,239,179$86,484,686
81$106,855,681$41,558,034$31,209,523$94,603,260
82$117,710,947$43,550,365$32,211,028$103,519,721
83$129,672,064$45,638,933$33,244,698$113,314,108
84$142,851,785$47,828,411$34,311,566$124,074,562
85$157,374,362$50,123,698$35,412,699$135,898,151
86$173,376,721$52,529,933$36,549,198$148,891,776
87$191,009,751$55,052,504$37,722,200$163,173,171
88$210,439,730$57,697,061$38,932,879$178,872,005
89$231,849,898$60,469,533$40,182,445$196,131,095
90$255,442,180$63,376,132$41,472,149$215,107,745
91$281,439,098$66,423,378$42,803,282$235,975,220
92$310,085,869$69,618,107$44,177,175$258,924,368
93$341,652,720$72,967,486$45,595,203$284,165,409
94$376,437,439$76,479,035$47,058,784$311,929,912
95$414,768,189$80,160,639$48,569,384$342,472,959
96$457,006,600$84,020,566$50,128,514$376,075,549
97$503,551,189$88,067,489$51,737,735$413,047,225
98$554,841,118$92,310,504$53,398,657$453,728,992
99$611,360,343$96,759,150$55,112,943$498,496,511
100$673,642,179$101,423,430$56,882,308$547,763,633