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%12.6%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,348,777
2 years$699,060$686,041$673,423$661,189$649,323$634,420
3 years$461,411$448,335$435,749$423,630$411,957$397,415
4 years$342,609$329,574$317,114$305,202$293,811$279,742
5 years$271,347$258,390$246,093$234,424$223,351$209,795
6 years$223,855$210,995$198,880$187,471$176,730$163,705
7 years$189,945$177,193$165,270$154,130$143,729$131,240
8 years$164,524$151,887$140,162$129,296$119,237$107,283
9 years$144,762$132,245$120,722$110,132$100,415$88,992
10 years$128,962$116,568$105,248$94,934$85,558$74,659
11 years$116,044$103,773$92,659$82,621$73,583$63,198
12 years$105,286$93,141$82,232$72,470$63,765$53,884
13 years$96,190$84,173$73,469$63,980$55,605$46,214
14 years$88,400$76,511$66,012$56,794$48,743$39,831
15 years$81,655$69,894$59,600$50,651$42,917$34,470
16 years$75,759$64,126$54,036$45,352$37,930$29,933
17 years$70,563$59,058$49,171$40,749$33,631$26,070
18 years$65,948$54,572$44,887$36,723$29,904$22,762
19 years$61,824$50,577$41,092$33,182$26,654$19,916
20 years$58,117$46,998$37,712$30,053$23,808$17,459
21 years$54,768$43,777$34,688$27,275$21,305$15,329
22 years$51,727$40,864$31,970$24,799$19,097$13,478
23 years$48,955$38,220$29,519$22,585$17,143$11,864
24 years$46,417$35,809$27,300$20,599$15,408$10,455
25 years$44,086$33,605$25,285$18,812$13,865$9,221
26 years$41,938$31,584$23,451$17,201$12,489$8,140
27 years$39,953$29,724$21,776$15,744$11,260$7,191
28 years$38,112$28,009$20,244$14,425$10,160$6,356
29 years$36,402$26,423$18,838$13,228$9,174$5,621
30 years$34,808$24,954$17,547$12,140$8,290$4,974
31 years$33,320$23,589$16,359$11,150$7,495$4,403
32 years$31,928$22,320$15,263$10,247$6,779$3,899
33 years$30,624$21,138$14,251$9,423$6,135$3,454
34 years$29,398$20,034$13,315$8,670$5,555$3,060
35 years$28,245$19,002$12,449$7,981$5,031$2,712
36 years$27,159$18,035$11,646$7,350$4,559$2,405
37 years$26,133$17,130$10,900$6,772$4,132$2,132
38 years$25,164$16,279$10,208$6,242$3,746$1,891
39 years$24,247$15,480$9,563$5,756$3,397$1,677
40 years$23,378$14,728$8,964$5,309$3,081$1,488
41 years$22,554$14,020$8,405$4,898$2,795$1,320
42 years$21,771$13,352$7,884$4,520$2,536$1,171
43 years$21,026$12,722$7,398$4,173$2,302$1,039
44 years$20,317$12,126$6,945$3,853$2,089$923
45 years$19,642$11,564$6,521$3,558$1,897$819
46 years$18,998$11,031$6,125$3,287$1,722$727
47 years$18,383$10,527$5,754$3,037$1,564$645
48 years$17,795$10,049$5,407$2,806$1,420$573
49 years$17,233$9,597$5,082$2,593$1,290$508
50 years$16,696$9,167$4,778$2,397$1,172$451

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 $2,015 every year, while hoping to spend $39,427 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: 73/21/6 Blend
62$17,100,000$17,100,000$17,100,000$17,100,000
63$18,846,278$17,939,978$17,674,928$20,208,917
64$20,726,649$18,777,087$18,225,089$21,943,942
65$22,797,496$19,653,893$18,792,358$23,838,298
66$25,078,206$20,572,299$19,377,267$25,911,742
67$27,590,142$21,534,302$19,980,365$28,181,934
68$30,356,846$22,541,992$20,602,216$30,668,307
69$33,404,257$23,597,563$21,243,404$33,392,250
70$36,760,962$24,703,313$21,904,528$36,377,300
71$40,458,459$25,861,654$22,586,208$39,649,368
72$44,531,458$27,075,112$23,289,083$43,236,974
73$49,018,210$28,346,336$24,013,811$47,171,511
74$53,960,863$29,678,102$24,761,069$51,487,542
75$59,405,866$31,073,324$25,531,560$56,223,117
76$65,404,400$32,535,052$26,326,002$61,420,126
77$72,012,867$34,066,488$27,145,142$67,124,695
78$79,293,420$35,670,987$27,989,745$73,387,609
79$87,314,550$37,352,066$28,860,602$80,264,791
80$96,151,731$39,113,414$29,758,529$87,817,820
81$105,888,134$40,958,898$30,684,366$96,114,507
82$116,615,411$42,892,571$31,638,980$105,229,532
83$128,434,561$44,918,685$32,623,264$115,245,133
84$141,456,882$47,041,697$33,638,139$126,251,887
85$155,805,023$49,266,279$34,684,556$138,349,547
86$171,614,139$51,597,331$35,763,493$151,647,981
87$189,033,172$54,039,990$36,875,960$166,268,200
88$208,226,248$56,599,643$38,022,998$182,343,491
89$229,374,237$59,281,937$39,205,680$200,020,664
90$252,676,452$62,092,794$40,425,112$219,461,433
91$278,352,533$65,038,424$41,682,436$240,843,929
92$306,644,521$68,125,336$42,978,828$264,364,372
93$337,819,143$71,360,358$44,315,499$290,238,911
94$372,170,328$74,750,648$45,693,701$318,705,657
95$410,021,983$78,303,712$47,114,722$350,026,912
96$451,731,051$82,027,419$48,579,891$384,491,639
97$497,690,879$85,930,024$50,090,578$422,418,174
98$548,334,932$90,020,178$51,648,195$464,157,216
99$604,140,885$94,306,958$53,254,200$510,095,126
100$665,635,133$98,799,876$54,910,094$560,657,555