Can I retire at age 63 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,347,948
2 years$711,325$698,077$685,238$672,789$660,714$621,174
3 years$469,506$456,201$443,394$431,063$419,184$380,895
4 years$348,620$335,356$322,677$310,556$298,966$262,221
5 years$276,108$262,923$250,411$238,537$227,269$192,169
6 years$227,782$214,697$202,369$190,760$179,830$146,407
7 years$193,277$180,302$168,170$156,834$146,250$114,505
8 years$167,410$154,552$142,621$131,564$121,329$91,242
9 years$147,302$134,565$122,840$112,064$102,176$73,720
10 years$131,225$118,613$107,094$96,600$87,059$60,195
11 years$118,079$105,594$94,284$84,071$74,874$49,557
12 years$107,133$94,775$83,675$73,741$64,884$41,066
13 years$97,878$85,649$74,758$65,103$56,580$34,208
14 years$89,951$77,853$67,170$57,791$49,598$28,617
15 years$83,088$71,120$60,646$51,539$43,670$24,023
16 years$77,089$65,251$54,984$46,148$38,596$20,225
17 years$71,800$60,094$50,034$41,463$34,221$17,067
18 years$67,105$55,529$45,674$37,367$30,428$14,431
19 years$62,909$51,464$41,813$33,764$27,121$12,222
20 years$59,137$47,823$38,373$30,580$24,225$10,366
21 years$55,729$44,545$35,296$27,753$21,679$8,802
22 years$52,635$41,581$32,531$25,234$19,432$7,481
23 years$49,814$38,890$30,036$22,981$17,443$6,364
24 years$47,232$36,438$27,779$20,960$15,678$5,418
25 years$44,860$34,195$25,729$19,142$14,108$4,615
26 years$42,674$32,138$23,862$17,502$12,708$3,933
27 years$40,654$30,245$22,158$16,020$11,457$3,353
28 years$38,781$28,500$20,599$14,678$10,338$2,860
29 years$37,040$26,886$19,169$13,460$9,335$2,440
30 years$35,419$25,391$17,855$12,353$8,435$2,082
31 years$33,905$24,003$16,646$11,345$7,626$1,777
32 years$32,489$22,712$15,531$10,427$6,898$1,517
33 years$31,161$21,509$14,501$9,588$6,243$1,295
34 years$29,914$20,385$13,549$8,822$5,652$1,106
35 years$28,741$19,335$12,667$8,121$5,119$945
36 years$27,635$18,352$11,850$7,479$4,639$807
37 years$26,592$17,430$11,091$6,891$4,204$690
38 years$25,606$16,565$10,387$6,352$3,811$589
39 years$24,673$15,751$9,731$5,857$3,456$503
40 years$23,789$14,986$9,121$5,402$3,135$430
41 years$22,950$14,266$8,553$4,984$2,844$367
42 years$22,153$13,586$8,023$4,600$2,581$314
43 years$21,395$12,945$7,528$4,246$2,342$268
44 years$20,674$12,339$7,066$3,920$2,126$229
45 years$19,986$11,766$6,635$3,621$1,930$196
46 years$19,331$11,225$6,232$3,344$1,752$167
47 years$18,705$10,712$5,855$3,090$1,591$143
48 years$18,107$10,226$5,502$2,855$1,445$122
49 years$17,536$9,765$5,171$2,639$1,312$105
50 years$16,988$9,328$4,862$2,439$1,192$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,400,000, adding $2,323 every year, while hoping to spend $55,733 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: 43/28/29 Blend
62$17,400,000$17,400,000$17,400,000$17,400,000
63$19,177,196$18,254,996$17,985,296$19,839,465
64$21,073,971$19,090,192$18,528,504$21,150,544
65$23,162,348$19,964,443$19,088,042$22,564,755
66$25,461,814$20,879,607$19,664,397$24,096,054
67$27,993,837$21,837,626$20,258,072$25,755,335
68$30,782,077$22,840,538$20,869,586$27,554,563
69$33,852,602$23,890,478$21,499,471$29,506,879
70$37,234,140$24,989,684$22,148,276$31,626,717
71$40,958,344$26,140,501$22,816,565$33,929,934
72$45,060,097$27,345,387$23,504,922$36,433,957
73$49,577,835$28,606,918$24,213,944$39,157,934
74$54,553,912$29,927,796$24,944,249$42,122,916
75$60,035,002$31,310,849$25,696,473$45,352,040
76$66,072,536$32,759,044$26,471,268$48,870,744
77$72,723,188$34,275,491$27,269,310$52,707,000
78$80,049,412$35,863,448$28,091,289$56,891,567
79$88,120,026$37,526,331$28,937,922$61,458,273
80$97,010,869$39,267,722$29,809,943$66,444,327
81$106,805,509$41,091,372$30,708,108$71,890,658
82$117,596,039$43,001,216$31,633,197$77,842,294
83$129,483,937$45,001,379$32,586,011$84,348,774
84$142,581,035$47,096,182$33,567,378$91,464,607
85$157,010,562$49,290,157$34,578,148$99,249,774
86$172,908,319$51,588,054$35,619,195$107,770,282
87$190,423,952$53,994,853$36,691,422$117,098,775
88$209,722,367$56,515,772$37,795,757$127,315,209
89$230,985,288$59,156,285$38,933,154$138,507,588
90$254,412,971$61,922,127$40,104,599$150,772,785
91$280,226,094$64,819,311$41,311,103$164,217,442
92$308,667,840$67,854,142$42,553,709$178,958,956
93$340,006,193$71,033,228$43,833,492$195,126,579
94$374,536,466$74,363,498$45,151,555$212,862,613
95$412,584,091$77,852,215$46,509,038$232,323,743
96$454,507,688$81,506,993$47,907,110$253,682,493
97$500,702,453$85,335,816$49,346,979$277,128,835
98$551,603,885$89,347,053$50,829,885$302,871,967
99$607,691,902$93,549,479$52,357,107$331,142,264
100$669,495,366$97,952,293$53,929,959$362,193,427