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

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,382,052
2 years$715,413$702,089$689,176$676,656$664,512$650,990
3 years$472,204$458,823$445,942$433,540$421,594$408,392
4 years$350,624$337,283$324,532$312,341$300,684$287,905
5 years$277,695$264,434$251,850$239,908$228,575$216,256
6 years$229,091$215,930$203,532$191,856$180,864$169,019
7 years$194,388$181,338$169,136$157,736$147,091$135,726
8 years$168,372$155,440$143,441$132,321$122,026$111,141
9 years$148,149$135,339$123,546$112,708$102,763$92,355
10 years$131,979$119,294$107,710$97,155$87,560$77,620
11 years$118,758$106,201$94,826$84,554$75,304$65,827
12 years$107,749$95,320$84,156$74,165$65,257$56,232
13 years$98,440$86,142$75,188$65,477$56,905$48,322
14 years$90,468$78,300$67,556$58,123$49,883$41,730
15 years$83,566$71,529$60,994$51,836$43,921$36,187
16 years$77,532$65,626$55,300$46,413$38,817$31,489
17 years$72,213$60,439$50,321$41,702$34,418$27,482
18 years$67,491$55,849$45,937$37,582$30,603$24,047
19 years$63,271$51,760$42,053$33,958$27,277$21,086
20 years$59,477$48,098$38,594$30,756$24,364$18,525
21 years$56,049$44,801$35,499$27,913$21,803$16,301
22 years$52,937$41,820$32,718$25,379$19,544$14,365
23 years$50,100$39,114$30,209$23,113$17,544$12,674
24 years$47,503$36,647$27,938$21,081$15,769$11,195
25 years$45,118$34,391$25,877$19,252$14,189$9,897
26 years$42,919$32,322$23,999$17,603$12,781$8,757
27 years$40,887$30,419$22,285$16,113$11,523$7,754
28 years$39,004$28,664$20,717$14,763$10,398$6,871
29 years$37,253$27,041$19,279$13,538$9,389$6,091
30 years$35,622$25,537$17,958$12,424$8,483$5,403
31 years$34,100$24,141$16,741$11,411$7,670$4,794
32 years$32,675$22,843$15,620$10,487$6,938$4,256
33 years$31,340$21,632$14,585$9,643$6,279$3,780
34 years$30,086$20,502$13,627$8,873$5,685$3,357
35 years$28,906$19,446$12,740$8,168$5,149$2,983
36 years$27,794$18,457$11,918$7,522$4,665$2,651
37 years$26,745$17,530$11,155$6,931$4,228$2,357
38 years$25,753$16,660$10,446$6,388$3,833$2,096
39 years$24,815$15,842$9,787$5,890$3,476$1,864
40 years$23,925$15,072$9,173$5,433$3,153$1,657
41 years$23,082$14,347$8,602$5,013$2,860$1,474
42 years$22,280$13,664$8,069$4,626$2,596$1,312
43 years$21,518$13,019$7,571$4,270$2,356$1,167
44 years$20,792$12,410$7,107$3,943$2,138$1,038
45 years$20,101$11,834$6,673$3,641$1,941$924
46 years$19,442$11,289$6,268$3,364$1,762$822
47 years$18,813$10,773$5,888$3,108$1,600$732
48 years$18,211$10,285$5,534$2,872$1,453$651
49 years$17,636$9,821$5,201$2,654$1,320$580
50 years$17,086$9,382$4,890$2,453$1,199$516

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 $6,928 every year, while hoping to spend $41,020 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: 80/8/12 Blend
62$17,500,000$17,500,000$17,500,000$17,500,000
63$19,292,146$18,364,646$18,093,396$20,792,420
64$21,216,300$19,220,869$18,655,880$22,634,916
65$23,335,343$20,117,672$19,235,832$24,650,372
66$25,669,110$21,057,000$19,833,795$26,860,936
67$28,239,459$22,040,892$20,450,326$29,286,117
68$31,070,474$23,071,486$21,086,003$31,947,399
69$34,188,696$24,151,023$21,741,418$34,868,443
70$37,623,372$25,281,852$22,417,184$38,075,304
71$41,406,728$26,466,435$23,113,932$41,596,680
72$45,574,279$27,707,355$23,832,313$45,464,178
73$50,165,158$29,007,318$24,572,998$49,712,607
74$55,222,489$30,369,161$25,336,679$54,380,310
75$60,793,793$31,795,860$26,124,068$59,509,521
76$66,931,437$33,290,534$26,935,900$65,146,757
77$73,693,125$34,856,452$27,772,935$71,343,261
78$81,142,448$36,497,043$28,635,952$78,155,478
79$89,349,480$38,215,900$29,525,759$85,645,587
80$98,391,440$40,016,791$30,443,184$93,882,085
81$108,353,421$41,903,669$31,389,086$102,940,427
82$119,329,195$43,880,674$32,364,345$112,903,740
83$131,422,096$45,952,150$33,369,874$123,863,601
84$144,745,994$48,122,649$34,406,609$135,920,895
85$159,426,373$50,396,947$35,475,518$149,186,772
86$175,601,514$52,780,049$36,577,599$163,783,682
87$193,423,800$55,277,202$37,713,880$179,846,535
88$213,061,153$57,893,910$38,885,420$197,523,966
89$234,698,622$60,635,943$40,093,313$216,979,732
90$258,540,127$63,509,350$41,338,685$238,394,258
91$284,810,387$66,520,475$42,622,698$261,966,331
92$313,757,037$69,675,969$43,946,549$287,914,975
93$345,652,969$72,982,806$45,311,472$316,481,510
94$380,798,907$76,448,298$46,718,741$347,931,825
95$419,526,244$80,080,114$48,169,668$382,558,883
96$462,200,174$83,886,292$49,665,605$420,685,483
97$509,223,136$87,875,265$51,207,947$462,667,294
98$561,038,614$92,055,871$52,798,131$508,896,213
99$618,135,325$96,437,381$54,437,640$559,804,055
100$681,051,829$101,029,513$56,128,003$615,866,620