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%16.9%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,340,742
2 years$707,237$694,065$681,300$668,923$656,917$618,138
3 years$466,808$453,579$440,846$428,585$416,775$379,216
4 years$346,617$333,429$320,823$308,772$297,248$261,197
5 years$274,521$261,412$248,972$237,166$225,963$191,519
6 years$226,473$213,463$201,206$189,664$178,797$145,992
7 years$192,166$179,266$167,203$155,933$145,410$114,245
8 years$166,448$153,664$141,802$130,808$120,631$91,089
9 years$146,455$133,792$122,134$111,420$101,589$73,641
10 years$130,471$117,931$106,479$96,045$86,559$60,168
11 years$117,401$104,987$93,742$83,588$74,444$49,567
12 years$106,517$94,231$83,194$73,318$64,511$41,101
13 years$97,315$85,157$74,328$64,729$56,255$34,261
14 years$89,434$77,405$66,784$57,459$49,313$28,681
15 years$82,611$70,711$60,297$51,243$43,419$24,094
16 years$76,646$64,876$54,668$45,883$38,374$20,298
17 years$71,388$59,749$49,746$41,225$34,025$17,142
18 years$66,719$55,210$45,412$37,152$30,253$14,505
19 years$62,547$51,168$41,572$33,570$26,965$12,294
20 years$58,797$47,548$38,153$30,404$24,086$10,435
21 years$55,409$44,289$35,093$27,594$21,554$8,867
22 years$52,332$41,342$32,344$25,089$19,320$7,543
23 years$49,527$38,667$29,864$22,849$17,343$6,421
24 years$46,960$36,228$27,619$20,840$15,588$5,471
25 years$44,602$33,998$25,581$19,032$14,027$4,664
26 years$42,429$31,953$23,725$17,402$12,635$3,978
27 years$40,420$30,071$22,031$15,928$11,392$3,394
28 years$38,558$28,336$20,480$14,594$10,279$2,897
29 years$36,827$26,732$19,059$13,383$9,282$2,474
30 years$35,215$25,246$17,752$12,282$8,386$2,113
31 years$33,710$23,865$16,550$11,280$7,582$1,805
32 years$32,302$22,581$15,442$10,367$6,859$1,542
33 years$30,982$21,385$14,418$9,533$6,207$1,318
34 years$29,742$20,268$13,471$8,771$5,620$1,126
35 years$28,576$19,224$12,595$8,074$5,090$963
36 years$27,476$18,246$11,782$7,436$4,612$823
37 years$26,439$17,330$11,028$6,852$4,180$704
38 years$25,459$16,470$10,327$6,315$3,789$602
39 years$24,531$15,661$9,675$5,823$3,436$515
40 years$23,652$14,900$9,069$5,371$3,117$440
41 years$22,818$14,184$8,503$4,955$2,828$376
42 years$22,025$13,508$7,977$4,573$2,566$322
43 years$21,272$12,870$7,485$4,222$2,329$275
44 years$20,555$12,268$7,026$3,898$2,114$235
45 years$19,872$11,699$6,597$3,600$1,919$201
46 years$19,220$11,160$6,196$3,325$1,742$172
47 years$18,598$10,650$5,821$3,072$1,582$147
48 years$18,003$10,167$5,470$2,839$1,437$126
49 years$17,435$9,709$5,142$2,624$1,305$108
50 years$16,891$9,274$4,834$2,425$1,185$92

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 $4,258 every year, while hoping to spend $52,541 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: 58/31/11 Blend
62$17,300,000$17,300,000$17,300,000$17,300,000
63$19,068,992$18,152,092$17,883,942$20,123,809
64$20,958,126$18,985,641$18,427,151$21,668,790
65$23,038,191$19,858,274$18,986,796$23,345,816
66$25,328,606$20,771,849$19,563,373$25,172,533
67$27,850,769$21,728,315$20,157,392$27,163,309
68$30,628,261$22,729,715$20,769,378$29,333,941
69$33,687,063$23,778,191$21,399,872$31,701,792
70$37,055,807$24,875,986$22,049,431$34,285,955
71$40,766,041$26,025,451$22,718,629$37,107,427
72$44,852,531$27,229,052$23,408,057$40,189,295
73$49,353,587$28,489,373$24,118,324$43,556,957
74$54,311,422$29,809,122$24,850,058$47,238,345
75$59,772,556$31,191,137$25,603,903$51,264,188
76$65,788,248$32,638,394$26,380,525$55,668,295
77$72,414,985$34,154,012$27,180,609$60,487,861
78$79,715,015$35,741,259$28,004,860$65,763,816
79$87,756,929$37,403,564$28,854,005$71,541,197
80$96,616,314$39,144,517$29,728,793$77,869,572
81$106,376,464$40,967,884$30,629,994$84,803,489
82$117,129,166$42,877,613$31,558,401$92,402,989
83$128,975,566$44,877,841$32,514,833$100,734,161
84$142,027,124$46,972,906$33,500,130$109,869,750
85$156,406,667$49,167,355$34,515,161$119,889,841
86$172,249,546$51,465,954$35,560,818$130,882,596
87$189,704,915$53,873,701$36,638,020$142,945,078
88$208,937,137$56,395,833$37,747,715$156,184,154
89$230,127,339$59,037,843$38,890,877$170,717,488
90$253,475,119$61,805,488$40,068,512$186,674,643
91$279,200,427$64,704,804$41,281,654$204,198,284
92$307,545,649$67,742,117$42,531,368$223,445,511
93$338,777,887$70,924,063$43,818,750$244,589,328
94$373,191,485$74,257,595$45,144,931$267,820,259
95$411,110,804$77,750,005$46,511,075$293,348,127
96$452,893,288$81,408,938$47,918,378$321,404,016
97$498,932,835$85,242,407$49,368,075$352,242,439
98$549,663,516$89,258,816$50,861,437$386,143,712
99$605,563,671$93,466,975$52,399,771$423,416,586
100$667,160,427$97,876,119$53,984,426$464,401,137