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

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,372,439
2 years$711,325$698,077$685,238$672,789$660,714$645,550
3 years$469,506$456,201$443,394$431,063$419,184$404,387
4 years$348,620$335,356$322,677$310,556$298,966$284,650
5 years$276,108$262,923$250,411$238,537$227,269$213,476
6 years$227,782$214,697$202,369$190,760$179,830$166,577
7 years$193,277$180,302$168,170$156,834$146,250$133,542
8 years$167,410$154,552$142,621$131,564$121,329$109,165
9 years$147,302$134,565$122,840$112,064$102,176$90,553
10 years$131,225$118,613$107,094$96,600$87,059$75,969
11 years$118,079$105,594$94,284$84,071$74,874$64,306
12 years$107,133$94,775$83,675$73,741$64,884$54,829
13 years$97,878$85,649$74,758$65,103$56,580$47,025
14 years$89,951$77,853$67,170$57,791$49,598$40,530
15 years$83,088$71,120$60,646$51,539$43,670$35,074
16 years$77,089$65,251$54,984$46,148$38,596$30,458
17 years$71,800$60,094$50,034$41,463$34,221$26,527
18 years$67,105$55,529$45,674$37,367$30,428$23,161
19 years$62,909$51,464$41,813$33,764$27,121$20,266
20 years$59,137$47,823$38,373$30,580$24,225$17,765
21 years$55,729$44,545$35,296$27,753$21,679$15,598
22 years$52,635$41,581$32,531$25,234$19,432$13,714
23 years$49,814$38,890$30,036$22,981$17,443$12,072
24 years$47,232$36,438$27,779$20,960$15,678$10,638
25 years$44,860$34,195$25,729$19,142$14,108$9,383
26 years$42,674$32,138$23,862$17,502$12,708$8,283
27 years$40,654$30,245$22,158$16,020$11,457$7,317
28 years$38,781$28,500$20,599$14,678$10,338$6,467
29 years$37,040$26,886$19,169$13,460$9,335$5,720
30 years$35,419$25,391$17,855$12,353$8,435$5,061
31 years$33,905$24,003$16,646$11,345$7,626$4,480
32 years$32,489$22,712$15,531$10,427$6,898$3,967
33 years$31,161$21,509$14,501$9,588$6,243$3,514
34 years$29,914$20,385$13,549$8,822$5,652$3,114
35 years$28,741$19,335$12,667$8,121$5,119$2,760
36 years$27,635$18,352$11,850$7,479$4,639$2,447
37 years$26,592$17,430$11,091$6,891$4,204$2,169
38 years$25,606$16,565$10,387$6,352$3,811$1,924
39 years$24,673$15,751$9,731$5,857$3,456$1,707
40 years$23,789$14,986$9,121$5,402$3,135$1,514
41 years$22,950$14,266$8,553$4,984$2,844$1,343
42 years$22,153$13,586$8,023$4,600$2,581$1,192
43 years$21,395$12,945$7,528$4,246$2,342$1,058
44 years$20,674$12,339$7,066$3,920$2,126$939
45 years$19,986$11,766$6,635$3,621$1,930$833
46 years$19,331$11,225$6,232$3,344$1,752$740
47 years$18,705$10,712$5,855$3,090$1,591$656
48 years$18,107$10,226$5,502$2,855$1,445$583
49 years$17,536$9,765$5,171$2,639$1,312$517
50 years$16,988$9,328$4,862$2,439$1,192$459

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 $6,254 every year, while hoping to spend $30,327 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: 84/8/8 Blend
62$17,400,000$17,400,000$17,400,000$17,400,000
63$19,181,251$18,259,051$17,989,351$20,774,764
64$21,105,471$19,121,477$18,559,727$22,679,083
65$23,224,945$20,025,145$19,148,193$24,765,621
66$25,559,557$20,972,045$19,755,325$27,056,483
67$28,131,217$21,964,261$20,381,715$29,572,174
68$30,964,072$23,003,980$21,027,972$32,335,280
69$34,084,727$24,093,495$21,694,729$35,370,673
70$37,522,502$25,235,209$22,382,635$38,705,751
71$41,309,706$26,431,642$23,092,362$42,370,688
72$45,481,941$27,685,438$23,824,602$46,398,720
73$50,078,442$28,999,368$24,580,069$50,826,456
74$55,142,442$30,376,336$25,359,501$55,694,222
75$60,721,585$31,819,390$26,163,657$61,046,439
76$66,868,370$33,331,723$26,993,323$66,932,039
77$73,640,652$34,916,687$27,849,308$73,404,925
78$81,102,187$36,577,792$28,732,448$80,524,476
79$89,323,228$38,318,722$29,643,603$88,356,108
80$98,381,198$40,143,340$30,583,664$96,971,884
81$108,361,410$42,055,694$31,553,547$106,451,196
82$119,357,882$44,060,031$32,554,199$116,881,508
83$131,474,219$46,160,805$33,586,597$128,359,177
84$144,824,589$48,362,684$34,651,748$140,990,365
85$159,534,807$50,670,566$35,750,691$154,892,032
86$175,743,517$53,089,584$36,884,500$170,193,038
87$193,603,505$55,625,122$38,054,280$187,035,358
88$213,283,138$58,282,829$39,261,173$205,575,412
89$234,967,953$61,068,622$40,506,358$225,985,545
90$258,862,413$63,988,713$41,791,049$248,455,644
91$285,191,831$67,049,612$43,116,501$273,194,929
92$314,204,501$70,258,147$44,484,008$300,433,920
93$346,174,041$73,621,477$45,894,903$330,426,611
94$381,401,976$77,147,112$47,350,565$363,452,862
95$420,220,583$80,842,926$48,852,415$399,821,034
96$462,996,030$84,717,177$50,401,918$439,870,894
97$510,131,830$88,778,523$52,000,587$483,976,821
98$562,072,653$93,036,047$53,649,983$532,551,326
99$619,308,522$97,499,272$55,351,716$586,048,948
100$682,379,441$102,178,186$57,107,448$644,970,532