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

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,336,227
2 years$703,148$690,053$677,361$665,056$653,120$617,765
3 years$464,109$450,957$438,298$426,108$414,366$380,088
4 years$344,613$331,501$318,968$306,987$295,529$262,592
5 years$272,934$259,901$247,533$235,795$224,657$193,151
6 years$225,164$212,229$200,043$188,567$177,763$147,720
7 years$191,055$178,229$166,237$155,032$144,569$115,991
8 years$165,486$152,776$140,982$130,052$119,934$92,807
9 years$145,609$133,019$121,428$110,776$101,002$75,303
10 years$129,717$117,249$105,863$95,490$86,059$61,756
11 years$116,722$104,380$93,200$83,105$74,013$51,071
12 years$105,901$93,686$82,713$72,894$64,138$42,516
13 years$96,753$84,665$73,899$64,354$55,930$35,584
14 years$88,917$76,958$66,398$57,127$49,028$29,912
15 years$82,133$70,302$59,949$50,947$43,168$25,234
16 years$76,202$64,501$54,352$45,617$38,152$21,350
17 years$70,975$59,403$49,458$40,987$33,828$18,109
18 years$66,334$54,891$45,149$36,937$30,078$15,392
19 years$62,186$50,873$41,332$33,376$26,810$13,105
20 years$58,457$47,273$37,932$30,229$23,947$11,174
21 years$55,088$44,033$34,890$27,434$21,430$9,539
22 years$52,030$41,103$32,157$24,944$19,209$8,152
23 years$49,241$38,443$29,691$22,717$17,243$6,973
24 years$46,689$36,019$27,459$20,719$15,498$5,969
25 years$44,344$33,802$25,433$18,922$13,946$5,113
26 years$42,184$31,768$23,588$17,301$12,562$4,382
27 years$40,186$29,898$21,903$15,836$11,326$3,757
28 years$38,335$28,172$20,362$14,509$10,219$3,223
29 years$36,615$26,577$18,949$13,305$9,228$2,765
30 years$35,012$25,100$17,650$12,211$8,338$2,373
31 years$33,515$23,727$16,454$11,215$7,538$2,038
32 years$32,115$22,451$15,352$10,307$6,819$1,750
33 years$30,803$21,261$14,334$9,478$6,171$1,503
34 years$29,570$20,151$13,393$8,721$5,587$1,291
35 years$28,410$19,113$12,522$8,028$5,061$1,109
36 years$27,318$18,141$11,714$7,393$4,585$953
37 years$26,286$17,230$10,964$6,812$4,156$819
38 years$25,312$16,374$10,267$6,279$3,768$704
39 years$24,389$15,570$9,619$5,789$3,417$605
40 years$23,515$14,814$9,016$5,340$3,099$520
41 years$22,686$14,102$8,454$4,927$2,811$447
42 years$21,898$13,430$7,930$4,547$2,551$384
43 years$21,149$12,796$7,442$4,197$2,315$330
44 years$20,436$12,197$6,985$3,875$2,102$284
45 years$19,757$11,631$6,559$3,579$1,908$244
46 years$19,109$11,096$6,160$3,306$1,732$210
47 years$18,490$10,589$5,788$3,054$1,573$180
48 years$17,899$10,108$5,439$2,822$1,428$155
49 years$17,334$9,653$5,112$2,608$1,297$133
50 years$16,793$9,221$4,806$2,411$1,178$115

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 $5,918 every year, while hoping to spend $33,867 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: 45/35/20 Blend
62$17,200,000$17,200,000$17,200,000$17,200,000
63$18,960,504$18,048,904$17,782,304$19,704,346
64$20,858,442$18,897,267$18,341,977$21,075,633
65$22,948,833$19,786,063$18,919,264$22,557,984
66$25,251,274$20,717,240$19,514,720$24,164,808
67$27,787,356$21,692,837$20,128,915$25,907,680
68$30,580,873$22,714,993$20,762,440$27,799,306
69$33,658,044$23,785,949$21,415,903$29,853,637
70$37,047,760$24,908,056$22,089,932$32,085,993
71$40,781,860$26,083,779$22,785,173$34,513,202
72$44,895,428$27,315,703$23,502,295$37,153,749
73$49,427,126$28,606,536$24,241,985$40,027,942
74$54,419,556$29,959,120$25,004,955$43,158,100
75$59,919,666$31,376,432$25,791,936$46,568,748
76$65,979,190$32,861,596$26,603,685$50,286,843
77$72,655,139$34,417,886$27,440,980$54,342,022
78$80,010,337$36,048,735$28,304,626$58,766,865
79$88,114,012$37,757,744$29,195,452$63,597,196
80$97,042,455$39,548,687$30,114,313$68,872,411
81$106,879,734$41,425,522$31,062,092$74,635,833
82$117,718,493$43,392,398$32,039,698$80,935,118
83$129,660,822$45,453,668$33,048,070$87,822,683
84$142,819,222$47,613,894$34,088,176$95,356,193
85$157,317,668$49,877,860$35,161,016$103,599,091
86$173,292,778$52,250,584$36,267,618$112,621,180
87$190,895,104$54,737,325$37,409,046$122,499,270
88$210,290,551$57,343,601$38,586,396$133,317,886
89$231,661,945$60,075,194$39,800,797$145,170,048
90$255,210,755$62,938,171$41,053,416$158,158,133
91$281,159,002$65,938,891$42,345,455$172,394,825
92$309,751,348$69,084,024$43,678,155$188,004,157
93$341,257,408$72,380,564$45,052,796$205,122,664
94$375,974,296$75,835,844$46,470,697$223,900,650
95$414,229,429$79,457,555$47,933,220$244,503,585
96$456,383,616$83,253,761$49,441,768$267,113,648
97$502,834,468$87,232,918$50,997,791$291,931,416
98$554,020,149$91,403,896$52,602,782$319,177,742
99$610,423,510$95,775,993$54,258,281$349,095,803
100$672,576,654$100,358,962$55,965,879$381,953,379