Can I retire at age 63 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,365,150
2 years$723,589$710,113$697,052$684,389$672,106$625,928
3 years$477,601$464,066$451,039$438,495$426,412$381,779
4 years$354,631$341,138$328,241$315,911$304,120$261,374
5 years$280,868$267,456$254,728$242,650$231,188$190,442
6 years$231,709$218,398$205,858$194,049$182,931$144,219
7 years$196,609$183,410$171,069$159,538$148,772$112,089
8 years$170,296$157,217$145,080$133,833$123,420$88,741
9 years$149,842$136,885$124,958$113,996$103,938$71,220
10 years$133,487$120,658$108,941$98,265$88,560$57,754
11 years$120,115$107,415$95,910$85,520$76,165$47,211
12 years$108,980$96,409$85,118$75,013$66,003$38,838
13 years$99,565$87,126$76,047$66,225$57,556$32,112
14 years$91,502$79,195$68,328$58,787$50,453$26,660
15 years$84,521$72,346$61,691$52,428$44,423$22,207
16 years$78,418$66,376$55,932$46,944$39,261$18,548
17 years$73,038$61,130$50,896$42,178$34,812$15,527
18 years$68,262$56,487$46,462$38,011$30,953$13,022
19 years$63,994$52,351$42,533$34,346$27,589$10,938
20 years$60,157$48,648$39,035$31,107$24,643$9,199
21 years$56,690$45,313$35,905$28,232$22,053$7,745
22 years$53,542$42,298$33,092$25,669$19,767$6,527
23 years$50,673$39,561$30,554$23,377$17,744$5,504
24 years$48,046$37,066$28,258$21,322$15,949$4,645
25 years$45,633$34,784$26,172$19,472$14,351$3,921
26 years$43,410$32,692$24,273$17,804$12,927$3,312
27 years$41,355$30,767$22,540$16,297$11,655$2,799
28 years$39,449$28,991$20,954$14,931$10,517$2,366
29 years$37,679$27,350$19,499$13,692$9,496$2,000
30 years$36,030$25,829$18,163$12,566$8,580$1,692
31 years$34,490$24,417$16,933$11,541$7,757$1,431
32 years$33,049$23,104$15,799$10,606$7,017$1,211
33 years$31,698$21,879$14,751$9,753$6,351$1,024
34 years$30,430$20,737$13,783$8,974$5,750$867
35 years$29,236$19,669$12,886$8,261$5,208$733
36 years$28,112$18,668$12,054$7,608$4,718$621
37 years$27,050$17,731$11,283$7,010$4,277$525
38 years$26,047$16,850$10,566$6,461$3,877$445
39 years$25,098$16,023$9,899$5,958$3,516$377
40 years$24,199$15,245$9,278$5,495$3,189$319
41 years$23,345$14,511$8,700$5,070$2,893$270
42 years$22,535$13,820$8,161$4,679$2,625$228
43 years$21,764$13,168$7,658$4,319$2,383$193
44 years$21,030$12,552$7,188$3,988$2,163$164
45 years$20,331$11,969$6,750$3,683$1,963$139
46 years$19,664$11,418$6,339$3,402$1,783$117
47 years$19,028$10,896$5,956$3,143$1,619$99
48 years$18,419$10,402$5,597$2,904$1,470$84
49 years$17,838$9,933$5,261$2,684$1,335$71
50 years$17,281$9,489$4,946$2,481$1,213$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,700,000, adding $3,022 every year, while hoping to spend $51,605 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: 32/42/26 Blend
62$17,700,000$17,700,000$17,700,000$17,700,000
63$19,508,517$18,570,417$18,296,067$19,977,381
64$21,443,479$19,425,460$18,854,078$21,189,977
65$23,574,077$20,320,671$19,429,053$22,490,332
66$25,920,211$21,257,963$20,021,505$23,889,933
67$28,503,812$22,239,342$20,631,964$25,397,541
68$31,349,041$23,266,910$21,260,976$27,022,747
69$34,482,526$24,342,871$21,909,101$28,776,065
70$37,933,606$25,469,535$22,576,919$30,669,014
71$41,734,614$26,649,321$23,265,025$32,714,222
72$45,921,175$27,884,769$23,974,034$34,925,535
73$50,532,548$29,178,536$24,704,578$37,318,140
74$55,611,996$30,533,412$25,457,309$39,908,695
75$61,207,188$31,952,318$26,232,897$42,715,480
76$67,370,658$33,438,318$27,032,036$45,758,555
77$74,160,292$34,994,622$27,855,436$49,059,939
78$81,639,880$36,624,597$28,703,831$52,643,808
79$89,879,716$38,331,771$29,577,978$56,536,708
80$98,957,261$40,119,842$30,478,654$60,767,793
81$108,957,875$41,992,688$31,406,663$65,369,089
82$119,975,622$43,954,372$32,362,829$70,375,779
83$132,114,155$46,009,157$33,348,004$75,826,522
84$145,487,702$48,161,508$34,363,065$81,763,802
85$160,222,134$50,416,109$35,408,914$88,234,314
86$176,456,161$52,777,867$36,486,482$95,289,383
87$194,342,636$55,251,930$37,596,726$102,985,438
88$214,050,003$57,843,692$38,740,634$111,384,520
89$235,763,880$60,558,809$39,919,222$120,554,852
90$259,688,816$63,403,212$41,133,537$130,571,460
91$286,050,223$66,383,117$42,384,658$141,516,862
92$315,096,497$69,505,041$43,673,695$153,481,822
93$347,101,370$72,775,818$45,001,794$166,566,188
94$382,366,488$76,202,611$46,370,132$180,879,805
95$421,224,262$79,792,932$47,779,924$196,543,531
96$464,041,006$83,554,655$49,232,421$213,690,348
97$511,220,392$87,496,036$50,728,910$232,466,591
98$563,207,262$91,625,732$52,270,718$253,033,299
99$620,491,827$95,952,818$53,859,213$275,567,708
100$683,614,298$100,486,810$55,495,800$300,264,886