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%17.8%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,343,624
2 years$711,325$698,077$685,238$672,789$660,714$616,907
3 years$469,506$456,201$443,394$431,063$419,184$376,821
4 years$348,620$335,356$322,677$310,556$298,966$258,370
5 years$276,108$262,923$250,411$238,537$227,269$188,551
6 years$227,782$214,697$202,369$190,760$179,830$143,023
7 years$193,277$180,302$168,170$156,834$146,250$111,350
8 years$167,410$154,552$142,621$131,564$121,329$88,312
9 years$147,302$134,565$122,840$112,064$102,176$71,006
10 years$131,225$118,613$107,094$96,600$87,059$57,689
11 years$118,079$105,594$94,284$84,071$74,874$47,249
12 years$107,133$94,775$83,675$73,741$64,884$38,947
13 years$97,878$85,649$74,758$65,103$56,580$32,268
14 years$89,951$77,853$67,170$57,791$49,598$26,845
15 years$83,088$71,120$60,646$51,539$43,670$22,409
16 years$77,089$65,251$54,984$46,148$38,596$18,757
17 years$71,800$60,094$50,034$41,463$34,221$15,736
18 years$67,105$55,529$45,674$37,367$30,428$13,227
19 years$62,909$51,464$41,813$33,764$27,121$11,135
20 years$59,137$47,823$38,373$30,580$24,225$9,387
21 years$55,729$44,545$35,296$27,753$21,679$7,921
22 years$52,635$41,581$32,531$25,234$19,432$6,691
23 years$49,814$38,890$30,036$22,981$17,443$5,656
24 years$47,232$36,438$27,779$20,960$15,678$4,784
25 years$44,860$34,195$25,729$19,142$14,108$4,049
26 years$42,674$32,138$23,862$17,502$12,708$3,428
27 years$40,654$30,245$22,158$16,020$11,457$2,904
28 years$38,781$28,500$20,599$14,678$10,338$2,461
29 years$37,040$26,886$19,169$13,460$9,335$2,086
30 years$35,419$25,391$17,855$12,353$8,435$1,768
31 years$33,905$24,003$16,646$11,345$7,626$1,499
32 years$32,489$22,712$15,531$10,427$6,898$1,272
33 years$31,161$21,509$14,501$9,588$6,243$1,079
34 years$29,914$20,385$13,549$8,822$5,652$915
35 years$28,741$19,335$12,667$8,121$5,119$776
36 years$27,635$18,352$11,850$7,479$4,639$659
37 years$26,592$17,430$11,091$6,891$4,204$559
38 years$25,606$16,565$10,387$6,352$3,811$474
39 years$24,673$15,751$9,731$5,857$3,456$402
40 years$23,789$14,986$9,121$5,402$3,135$342
41 years$22,950$14,266$8,553$4,984$2,844$290
42 years$22,153$13,586$8,023$4,600$2,581$246
43 years$21,395$12,945$7,528$4,246$2,342$209
44 years$20,674$12,339$7,066$3,920$2,126$177
45 years$19,986$11,766$6,635$3,621$1,930$150
46 years$19,331$11,225$6,232$3,344$1,752$128
47 years$18,705$10,712$5,855$3,090$1,591$108
48 years$18,107$10,226$5,502$2,855$1,445$92
49 years$17,536$9,765$5,171$2,639$1,312$78
50 years$16,988$9,328$4,862$2,439$1,192$66

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 $6,548 every year, while hoping to spend $58,976 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: 37/50/13 Blend
62$17,400,000$17,400,000$17,400,000$17,400,000
63$19,181,554$18,259,354$17,989,654$19,814,668
64$21,075,323$19,091,313$18,529,558$21,100,363
65$23,160,279$19,962,060$19,085,571$22,482,025
66$25,455,862$20,873,436$19,658,172$23,973,110
67$27,983,491$21,827,365$20,247,852$25,583,428
68$30,766,769$22,825,868$20,855,118$27,323,731
69$33,831,704$23,871,060$21,480,488$29,205,801
70$37,206,954$24,965,158$22,124,501$31,242,560
71$40,924,099$26,110,486$22,787,707$33,448,176
72$45,017,936$27,309,479$23,470,674$35,838,193
73$49,526,812$28,564,690$24,173,988$38,429,663
74$54,492,980$29,878,793$24,898,250$41,241,297
75$59,963,001$31,254,591$25,644,079$44,293,635
76$65,988,185$32,695,024$26,412,113$47,609,225
77$72,625,069$34,203,170$27,203,008$51,212,822
78$79,935,958$35,782,256$28,017,440$55,131,615
79$87,989,505$37,435,667$28,856,104$59,395,464
80$96,861,367$39,166,947$29,719,717$64,037,174
81$106,634,913$40,979,813$30,609,013$69,092,785
82$117,402,011$42,878,161$31,524,752$74,601,903
83$129,263,899$44,866,074$32,467,714$80,608,051
84$142,332,136$46,947,831$33,438,702$87,159,069
85$156,729,658$49,127,919$34,438,542$94,307,549
86$172,591,936$51,411,040$35,468,086$102,111,308
87$190,068,255$53,802,123$36,528,209$110,633,919
88$209,323,126$56,306,335$37,619,813$119,945,290
89$230,537,832$58,929,093$38,743,824$130,122,305
90$253,912,146$61,676,074$39,901,197$141,249,524
91$279,666,213$64,553,230$41,092,916$153,419,964
92$308,042,629$67,566,800$42,319,990$166,735,949
93$339,308,728$70,723,324$43,583,461$181,310,053
94$373,759,111$74,029,660$44,884,400$197,266,136
95$411,718,421$77,492,994$46,223,908$214,740,487
96$453,544,411$81,120,861$47,603,119$233,883,081
97$499,631,319$84,921,162$49,023,202$254,858,965
98$550,413,591$88,902,176$50,485,357$277,849,784
99$606,369,981$93,072,587$51,990,820$303,055,468
100$668,028,070$97,441,495$53,540,864$330,696,075