Can I retire at age 63 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,326,363
2 years$707,237$694,065$681,300$668,923$656,917$603,991
3 years$466,808$453,579$440,846$428,585$416,775$365,751
4 years$346,617$333,429$320,823$308,772$297,248$248,513
5 years$274,521$261,412$248,972$237,166$225,963$179,644
6 years$226,473$213,463$201,206$189,664$178,797$134,925
7 years$192,166$179,266$167,203$155,933$145,410$103,970
8 years$166,448$153,664$141,802$130,808$120,631$81,584
9 years$146,455$133,792$122,134$111,420$101,589$64,878
10 years$130,471$117,931$106,479$96,045$86,559$52,114
11 years$117,401$104,987$93,742$83,588$74,444$42,188
12 years$106,517$94,231$83,194$73,318$64,511$34,360
13 years$97,315$85,157$74,328$64,729$56,255$28,120
14 years$89,434$77,405$66,784$57,459$49,313$23,102
15 years$82,611$70,711$60,297$51,243$43,419$19,039
16 years$76,646$64,876$54,668$45,883$38,374$15,730
17 years$71,388$59,749$49,746$41,225$34,025$13,023
18 years$66,719$55,210$45,412$37,152$30,253$10,800
19 years$62,547$51,168$41,572$33,570$26,965$8,969
20 years$58,797$47,548$38,153$30,404$24,086$7,457
21 years$55,409$44,289$35,093$27,594$21,554$6,206
22 years$52,332$41,342$32,344$25,089$19,320$5,169
23 years$49,527$38,667$29,864$22,849$17,343$4,308
24 years$46,960$36,228$27,619$20,840$15,588$3,592
25 years$44,602$33,998$25,581$19,032$14,027$2,997
26 years$42,429$31,953$23,725$17,402$12,635$2,501
27 years$40,420$30,071$22,031$15,928$11,392$2,088
28 years$38,558$28,336$20,480$14,594$10,279$1,743
29 years$36,827$26,732$19,059$13,383$9,282$1,456
30 years$35,215$25,246$17,752$12,282$8,386$1,216
31 years$33,710$23,865$16,550$11,280$7,582$1,016
32 years$32,302$22,581$15,442$10,367$6,859$849
33 years$30,982$21,385$14,418$9,533$6,207$710
34 years$29,742$20,268$13,471$8,771$5,620$593
35 years$28,576$19,224$12,595$8,074$5,090$496
36 years$27,476$18,246$11,782$7,436$4,612$414
37 years$26,439$17,330$11,028$6,852$4,180$346
38 years$25,459$16,470$10,327$6,315$3,789$289
39 years$24,531$15,661$9,675$5,823$3,436$242
40 years$23,652$14,900$9,069$5,371$3,117$202
41 years$22,818$14,184$8,503$4,955$2,828$169
42 years$22,025$13,508$7,977$4,573$2,566$141
43 years$21,272$12,870$7,485$4,222$2,329$118
44 years$20,555$12,268$7,026$3,898$2,114$99
45 years$19,872$11,699$6,597$3,600$1,919$83
46 years$19,220$11,160$6,196$3,325$1,742$69
47 years$18,598$10,650$5,821$3,072$1,582$58
48 years$18,003$10,167$5,470$2,839$1,437$48
49 years$17,435$9,709$5,142$2,624$1,305$40
50 years$16,891$9,274$4,834$2,425$1,185$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,300,000, adding $5,752 every year, while hoping to spend $45,797 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: 76/15/9 Blend
62$17,300,000$17,300,000$17,300,000$17,300,000
63$19,070,533$18,153,633$17,885,483$20,491,524
64$20,967,000$18,994,434$18,435,919$22,268,155
65$23,055,371$19,874,898$19,003,260$24,208,655
66$25,355,173$20,796,922$19,588,023$26,334,397
67$27,887,922$21,762,493$20,190,743$28,663,763
68$30,677,327$22,773,691$20,811,969$31,216,988
69$33,749,513$23,832,701$21,452,269$34,016,351
70$37,133,269$24,941,810$22,112,227$37,086,376
71$40,860,320$26,103,416$22,792,444$40,454,068
72$44,965,623$27,320,034$23,493,541$44,149,156
73$49,487,700$28,594,298$24,216,158$48,204,379
74$54,469,000$29,928,973$24,960,953$52,655,783
75$59,956,299$31,326,954$25,728,606$57,543,066
76$66,001,144$32,791,277$26,519,817$62,909,939
77$72,660,335$34,325,125$27,335,306$68,804,545
78$79,996,468$35,931,834$28,175,817$75,279,900
79$88,078,516$37,614,902$29,042,115$82,394,395
80$96,982,489$39,377,997$29,934,990$90,212,339
81$106,792,146$41,224,962$30,855,256$98,804,563
82$117,599,788$43,159,828$31,803,750$108,249,083
83$129,507,126$45,186,820$32,781,335$118,631,830
84$142,626,246$47,310,367$33,788,903$130,047,458
85$157,080,663$49,535,114$34,827,371$142,600,229
86$173,006,486$51,865,930$35,897,683$156,404,991
87$190,553,706$54,307,919$37,000,814$171,588,261
88$209,887,610$56,866,433$38,137,767$188,289,403
89$231,190,341$59,547,083$39,309,577$206,661,947
90$254,662,618$62,355,753$40,517,310$226,875,022
91$280,525,629$65,298,609$41,762,065$249,114,953
92$309,023,121$68,382,119$43,044,972$273,587,004
93$340,423,700$71,613,063$44,367,199$300,517,314
94$375,023,365$74,998,550$45,729,947$330,155,020
95$413,148,303$78,546,035$47,134,456$362,774,597
96$455,157,971$82,263,331$48,582,001$398,678,447
97$501,448,484$86,158,634$50,073,898$438,199,736
98$552,456,357$90,240,536$51,611,502$481,705,533
99$608,662,628$94,518,044$53,196,209$529,600,264
100$670,597,394$99,000,606$54,829,460$582,329,516