Can I retire at age 63 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,337,852
2 years$703,148$690,053$677,361$665,056$653,120$619,376
3 years$464,109$450,957$438,298$426,108$414,366$381,633
4 years$344,613$331,501$318,968$306,987$295,529$264,059
5 years$272,934$259,901$247,533$235,795$224,657$194,536
6 years$225,164$212,229$200,043$188,567$177,763$149,023
7 years$191,055$178,229$166,237$155,032$144,569$117,213
8 years$165,486$152,776$140,982$130,052$119,934$93,950
9 years$145,609$133,019$121,428$110,776$101,002$76,368
10 years$129,717$117,249$105,863$95,490$86,059$62,747
11 years$116,722$104,380$93,200$83,105$74,013$51,990
12 years$105,901$93,686$82,713$72,894$64,138$43,366
13 years$96,753$84,665$73,899$64,354$55,930$36,368
14 years$88,917$76,958$66,398$57,127$49,028$30,634
15 years$82,133$70,302$59,949$50,947$43,168$25,898
16 years$76,202$64,501$54,352$45,617$38,152$21,959
17 years$70,975$59,403$49,458$40,987$33,828$18,666
18 years$66,334$54,891$45,149$36,937$30,078$15,900
19 years$62,186$50,873$41,332$33,376$26,810$13,568
20 years$58,457$47,273$37,932$30,229$23,947$11,595
21 years$55,088$44,033$34,890$27,434$21,430$9,922
22 years$52,030$41,103$32,157$24,944$19,209$8,499
23 years$49,241$38,443$29,691$22,717$17,243$7,287
24 years$46,689$36,019$27,459$20,719$15,498$6,252
25 years$44,344$33,802$25,433$18,922$13,946$5,368
26 years$42,184$31,768$23,588$17,301$12,562$4,612
27 years$40,186$29,898$21,903$15,836$11,326$3,964
28 years$38,335$28,172$20,362$14,509$10,219$3,409
29 years$36,615$26,577$18,949$13,305$9,228$2,932
30 years$35,012$25,100$17,650$12,211$8,338$2,523
31 years$33,515$23,727$16,454$11,215$7,538$2,171
32 years$32,115$22,451$15,352$10,307$6,819$1,869
33 years$30,803$21,261$14,334$9,478$6,171$1,609
34 years$29,570$20,151$13,393$8,721$5,587$1,386
35 years$28,410$19,113$12,522$8,028$5,061$1,194
36 years$27,318$18,141$11,714$7,393$4,585$1,028
37 years$26,286$17,230$10,964$6,812$4,156$886
38 years$25,312$16,374$10,267$6,279$3,768$763
39 years$24,389$15,570$9,619$5,789$3,417$658
40 years$23,515$14,814$9,016$5,340$3,099$567
41 years$22,686$14,102$8,454$4,927$2,811$488
42 years$21,898$13,430$7,930$4,547$2,551$421
43 years$21,149$12,796$7,442$4,197$2,315$363
44 years$20,436$12,197$6,985$3,875$2,102$313
45 years$19,757$11,631$6,559$3,579$1,908$269
46 years$19,109$11,096$6,160$3,306$1,732$232
47 years$18,490$10,589$5,788$3,054$1,573$200
48 years$17,899$10,108$5,439$2,822$1,428$173
49 years$17,334$9,653$5,112$2,608$1,297$149
50 years$16,793$9,221$4,806$2,411$1,178$128

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,200,000, adding $6,319 every year, while hoping to spend $50,562 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: 36/35/29 Blend
62$17,200,000$17,200,000$17,200,000$17,200,000
63$18,960,918$18,049,318$17,782,718$19,478,315
64$20,841,134$18,879,937$18,324,642$20,695,454
65$22,911,438$19,749,562$18,883,025$22,003,531
66$25,191,164$20,660,050$19,458,366$23,414,780
67$27,701,619$21,613,349$20,051,178$24,938,521
68$30,466,282$22,611,500$20,661,989$26,584,976
69$33,511,021$23,656,642$21,291,344$28,365,358
70$36,864,344$24,751,017$21,939,804$30,291,967
71$40,557,666$25,896,975$22,607,946$32,378,302
72$44,625,600$27,096,980$23,296,365$34,639,178
73$49,106,293$28,353,613$24,005,674$37,090,860
74$54,041,775$29,669,581$24,736,505$39,751,206
75$59,478,366$31,047,720$25,489,507$42,639,827
76$65,467,106$32,491,005$26,265,352$45,778,266
77$72,064,238$34,002,552$27,064,729$49,190,186
78$79,331,742$35,585,628$27,888,349$52,901,589
79$87,337,915$37,243,659$28,736,944$56,941,047
80$96,158,020$38,980,236$29,611,269$61,339,963
81$105,874,991$40,799,121$30,512,100$66,132,853
82$116,580,223$42,704,260$31,440,238$71,357,664
83$128,374,426$44,699,790$32,396,507$77,056,116
84$141,368,584$46,790,045$33,381,756$83,274,083
85$155,684,994$48,979,573$34,396,859$90,062,017
86$171,458,429$51,273,136$35,442,719$97,475,402
87$188,837,400$53,675,732$36,520,262$105,575,270
88$207,985,569$56,192,596$37,630,444$114,428,756
89$229,083,283$58,829,220$38,774,251$124,109,720
90$252,329,285$61,591,359$39,952,695$134,699,425
91$277,942,583$64,485,046$41,166,821$146,287,283
92$306,164,523$67,516,610$42,417,706$158,971,687
93$337,261,062$70,692,681$43,706,457$172,860,916
94$371,525,282$74,020,215$45,034,215$188,074,135
95$409,280,156$77,506,500$46,402,156$204,742,504
96$450,881,595$81,159,182$47,811,492$223,010,390
97$496,721,809$84,986,273$49,263,468$243,036,706
98$547,233,008$88,996,176$50,759,369$264,996,388
99$602,891,486$93,197,699$52,300,519$289,082,024
100$664,222,111$97,600,080$53,888,280$315,505,639