Can I retire at age 63 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,365,625
2 years$715,413$702,089$689,176$676,656$664,512$634,584
3 years$472,204$458,823$445,942$433,540$421,594$392,522
4 years$350,624$337,283$324,532$312,341$300,684$272,693
5 years$277,695$264,434$251,850$239,908$228,575$201,743
6 years$229,091$215,930$203,532$191,856$180,864$155,219
7 years$194,388$181,338$169,136$157,736$147,091$122,639
8 years$168,372$155,440$143,441$132,321$122,026$98,759
9 years$148,149$135,339$123,546$112,708$102,763$80,664
10 years$131,979$119,294$107,710$97,155$87,560$66,606
11 years$118,758$106,201$94,826$84,554$75,304$55,469
12 years$107,749$95,320$84,156$74,165$65,257$46,510
13 years$98,440$86,142$75,188$65,477$56,905$39,214
14 years$90,468$78,300$67,556$58,123$49,883$33,212
15 years$83,566$71,529$60,994$51,836$43,921$28,234
16 years$77,532$65,626$55,300$46,413$38,817$24,077
17 years$72,213$60,439$50,321$41,702$34,418$20,585
18 years$67,491$55,849$45,937$37,582$30,603$17,638
19 years$63,271$51,760$42,053$33,958$27,277$15,141
20 years$59,477$48,098$38,594$30,756$24,364$13,018
21 years$56,049$44,801$35,499$27,913$21,803$11,208
22 years$52,937$41,820$32,718$25,379$19,544$9,660
23 years$50,100$39,114$30,209$23,113$17,544$8,334
24 years$47,503$36,647$27,938$21,081$15,769$7,196
25 years$45,118$34,391$25,877$19,252$14,189$6,218
26 years$42,919$32,322$23,999$17,603$12,781$5,377
27 years$40,887$30,419$22,285$16,113$11,523$4,651
28 years$39,004$28,664$20,717$14,763$10,398$4,026
29 years$37,253$27,041$19,279$13,538$9,389$3,486
30 years$35,622$25,537$17,958$12,424$8,483$3,019
31 years$34,100$24,141$16,741$11,411$7,670$2,616
32 years$32,675$22,843$15,620$10,487$6,938$2,267
33 years$31,340$21,632$14,585$9,643$6,279$1,965
34 years$30,086$20,502$13,627$8,873$5,685$1,703
35 years$28,906$19,446$12,740$8,168$5,149$1,477
36 years$27,794$18,457$11,918$7,522$4,665$1,281
37 years$26,745$17,530$11,155$6,931$4,228$1,111
38 years$25,753$16,660$10,446$6,388$3,833$964
39 years$24,815$15,842$9,787$5,890$3,476$836
40 years$23,925$15,072$9,173$5,433$3,153$725
41 years$23,082$14,347$8,602$5,013$2,860$629
42 years$22,280$13,664$8,069$4,626$2,596$546
43 years$21,518$13,019$7,571$4,270$2,356$474
44 years$20,792$12,410$7,107$3,943$2,138$411
45 years$20,101$11,834$6,673$3,641$1,941$357
46 years$19,442$11,289$6,268$3,364$1,762$310
47 years$18,813$10,773$5,888$3,108$1,600$269
48 years$18,211$10,285$5,534$2,872$1,453$233
49 years$17,636$9,821$5,201$2,654$1,320$203
50 years$17,086$9,382$4,890$2,453$1,199$176

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,500,000, adding $4,248 every year, while hoping to spend $40,939 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: 36/43/21 Blend
62$17,500,000$17,500,000$17,500,000$17,500,000
63$19,289,382$18,361,882$18,090,632$19,860,994
64$21,213,340$19,218,055$18,653,109$21,135,646
65$23,332,170$20,114,809$19,233,057$22,506,685
66$25,665,705$21,054,089$19,831,019$23,985,996
67$28,235,801$22,037,933$20,447,552$25,583,291
68$31,066,540$23,068,479$21,083,233$27,309,213
69$34,184,462$24,147,970$21,738,656$29,175,431
70$37,618,810$25,278,753$22,414,433$31,194,739
71$41,401,808$26,463,291$23,111,196$33,381,169
72$45,568,967$27,704,167$23,829,596$35,750,115
73$50,159,418$29,004,088$24,570,304$38,318,467
74$55,216,282$30,365,891$25,334,012$41,104,763
75$60,787,074$31,792,551$26,121,433$44,129,351
76$66,924,157$33,287,187$26,933,302$47,414,569
77$73,685,232$34,853,070$27,770,379$50,984,950
78$81,133,883$36,493,628$28,633,444$54,867,433
79$89,340,178$38,212,455$29,523,303$59,091,614
80$98,381,330$40,013,320$30,440,788$63,690,004
81$108,342,426$41,900,173$31,386,755$68,698,327
82$119,317,230$43,877,157$32,362,087$74,155,841
83$131,409,065$45,948,616$33,367,695$80,105,695
84$144,731,795$48,119,103$34,404,518$86,595,316
85$159,410,891$50,393,392$35,473,522$93,676,848
86$175,584,623$52,776,490$36,575,707$101,407,618
87$193,405,362$55,273,645$37,712,100$109,850,666
88$213,041,016$57,890,360$38,883,762$119,075,318
89$234,676,618$60,632,406$40,091,787$129,157,819
90$258,516,072$63,505,833$41,337,301$140,182,038
91$284,784,077$66,516,985$42,621,466$152,240,229
92$313,728,249$69,672,513$43,945,481$165,433,888
93$345,621,456$72,979,393$45,310,581$179,874,682
94$380,764,398$76,444,936$46,718,039$195,685,479
95$419,488,441$80,076,812$48,169,167$213,001,483
96$462,158,748$83,883,062$49,665,320$231,971,482
97$509,177,724$87,872,116$51,207,892$252,759,225
98$560,988,817$92,052,815$52,798,322$275,544,936
99$618,080,704$96,434,430$54,438,093$300,526,987
100$680,991,900$101,026,681$56,128,733$327,923,735