Can I retire at age 63 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,387,638
2 years$719,501$706,101$693,114$680,522$668,309$652,392
3 years$474,902$461,445$448,491$436,017$424,003$408,474
4 years$352,627$339,211$326,386$314,126$302,402$287,381
5 years$279,281$265,945$253,289$241,279$229,881$215,412
6 years$230,400$217,164$204,695$192,953$181,897$167,997
7 years$195,499$182,374$170,103$158,637$147,931$134,606
8 years$169,334$156,328$144,261$133,077$122,723$109,972
9 years$148,995$136,112$124,252$113,352$103,351$91,168
10 years$132,733$119,976$108,325$97,710$88,060$76,438
11 years$119,437$106,808$95,368$85,037$75,735$64,664
12 years$108,364$95,865$84,637$74,589$65,630$55,099
13 years$99,003$86,634$75,617$65,851$57,231$47,226
14 years$90,985$78,748$67,942$58,455$50,168$40,676
15 years$84,043$71,937$61,343$52,132$44,172$35,177
16 years$77,975$66,001$55,616$46,678$39,039$30,526
17 years$72,626$60,785$50,609$41,940$34,615$26,568
18 years$67,876$56,168$46,199$37,796$30,778$23,180
19 years$63,632$52,056$42,293$34,152$27,433$20,268
20 years$59,817$48,373$38,815$30,932$24,504$17,754
21 years$56,369$45,057$35,702$28,072$21,928$15,576
22 years$53,240$42,059$32,905$25,524$19,655$13,685
23 years$50,386$39,337$30,382$23,245$17,644$12,037
24 years$47,775$36,856$28,098$21,201$15,859$10,599
25 years$45,376$34,588$26,024$19,362$14,270$9,341
26 years$43,165$32,507$24,136$17,704$12,854$8,240
27 years$41,121$30,593$22,413$16,205$11,589$7,273
28 years$39,227$28,828$20,835$14,847$10,457$6,423
29 years$37,466$27,196$19,389$13,615$9,443$5,676
30 years$35,826$25,683$18,060$12,495$8,532$5,018
31 years$34,295$24,279$16,837$11,476$7,714$4,439
32 years$32,862$22,973$15,709$10,547$6,978$3,927
33 years$31,519$21,756$14,668$9,698$6,315$3,476
34 years$30,258$20,620$13,705$8,923$5,717$3,077
35 years$29,071$19,557$12,813$8,214$5,178$2,725
36 years$27,953$18,563$11,986$7,565$4,692$2,414
37 years$26,898$17,630$11,219$6,970$4,252$2,139
38 years$25,900$16,755$10,506$6,425$3,855$1,895
39 years$24,956$15,933$9,843$5,924$3,496$1,679
40 years$24,062$15,159$9,226$5,464$3,171$1,489
41 years$23,213$14,429$8,651$5,041$2,877$1,320
42 years$22,407$13,742$8,115$4,652$2,610$1,170
43 years$21,641$13,093$7,615$4,295$2,369$1,037
44 years$20,911$12,481$7,148$3,966$2,150$920
45 years$20,216$11,902$6,711$3,662$1,952$816
46 years$19,553$11,354$6,304$3,383$1,772$723
47 years$18,920$10,835$5,922$3,125$1,610$642
48 years$18,315$10,343$5,565$2,888$1,462$569
49 years$17,737$9,877$5,231$2,669$1,328$505
50 years$17,184$9,435$4,918$2,467$1,206$448

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,600,000, adding $5,253 every year, while hoping to spend $36,853 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: 44/44/12 Blend
62$17,600,000$17,600,000$17,600,000$17,600,000
63$19,400,618$18,467,818$18,195,018$20,187,143
64$21,340,270$19,333,530$18,765,340$21,601,095
65$23,476,531$20,240,427$19,353,533$23,128,547
66$25,829,417$21,190,487$19,960,156$24,783,247
67$28,420,983$22,185,786$20,585,786$26,576,919
68$31,275,533$23,228,500$21,231,020$28,522,425
69$34,419,848$24,320,907$21,896,470$30,633,881
70$37,883,442$25,465,401$22,582,771$32,926,777
71$41,698,834$26,664,487$23,290,575$35,418,121
72$45,901,862$27,920,793$24,020,556$38,126,587
73$50,532,016$29,237,076$24,773,408$41,072,679
74$55,632,812$30,616,223$25,549,848$44,278,922
75$61,252,206$32,061,265$26,350,615$47,770,056
76$67,443,040$33,575,376$27,176,469$51,573,266
77$74,263,547$35,161,887$28,028,198$55,718,421
78$81,777,897$36,824,288$28,906,611$60,238,348
79$90,056,805$38,566,240$29,812,545$65,169,128
80$99,178,194$40,391,580$30,746,860$70,550,424
81$109,227,936$42,304,334$31,710,446$76,425,841
82$120,300,659$44,308,720$32,704,220$82,843,322
83$132,500,642$46,409,163$33,729,126$89,855,591
84$145,942,795$48,610,300$34,786,141$97,520,627
85$160,753,752$50,916,997$35,876,268$105,902,202
86$177,073,058$53,334,352$37,000,546$115,070,462
87$195,054,489$55,867,714$38,160,043$125,102,570
88$214,867,505$58,522,691$39,355,863$136,083,419
89$236,698,849$61,305,161$40,589,143$148,106,413
90$260,754,308$64,221,290$41,861,055$161,274,324
91$287,260,657$67,277,544$43,172,811$175,700,245
92$316,467,801$70,480,700$44,525,656$191,508,635
93$348,651,129$73,837,867$45,920,879$208,836,464
94$384,114,121$77,356,499$47,359,805$227,834,489
95$423,191,206$81,044,412$48,843,803$248,668,645
96$466,250,924$84,909,803$50,374,285$271,521,589
97$513,699,400$88,961,265$51,952,705$296,594,390
98$565,984,184$93,207,812$53,580,566$324,108,401
99$623,598,470$97,658,894$55,259,414$354,307,318
100$687,085,756$102,324,422$56,990,847$387,459,445