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

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,405,476
2 years$723,589$710,113$697,052$684,389$672,106$666,102
3 years$477,601$464,066$451,039$438,495$426,412$420,537
4 years$354,631$341,138$328,241$315,911$304,120$298,419
5 years$280,868$267,456$254,728$242,650$231,188$225,678
6 years$231,709$218,398$205,858$194,049$182,931$177,619
7 years$196,609$183,410$171,069$159,538$148,772$143,661
8 years$170,296$157,217$145,080$133,833$123,420$118,511
9 years$149,842$136,885$124,958$113,996$103,938$99,229
10 years$133,487$120,658$108,941$98,265$88,560$84,049
11 years$120,115$107,415$95,910$85,520$76,165$71,849
12 years$108,980$96,409$85,118$75,013$66,003$61,879
13 years$99,565$87,126$76,047$66,225$57,556$53,620
14 years$91,502$79,195$68,328$58,787$50,453$46,701
15 years$84,521$72,346$61,691$52,428$44,423$40,850
16 years$78,418$66,376$55,932$46,944$39,261$35,863
17 years$73,038$61,130$50,896$42,178$34,812$31,583
18 years$68,262$56,487$46,462$38,011$30,953$27,889
19 years$63,994$52,351$42,533$34,346$27,589$24,684
20 years$60,157$48,648$39,035$31,107$24,643$21,891
21 years$56,690$45,313$35,905$28,232$22,053$19,449
22 years$53,542$42,298$33,092$25,669$19,767$17,306
23 years$50,673$39,561$30,554$23,377$17,744$15,420
24 years$48,046$37,066$28,258$21,322$15,949$13,756
25 years$45,633$34,784$26,172$19,472$14,351$12,284
26 years$43,410$32,692$24,273$17,804$12,927$10,980
27 years$41,355$30,767$22,540$16,297$11,655$9,823
28 years$39,449$28,991$20,954$14,931$10,517$8,794
29 years$37,679$27,350$19,499$13,692$9,496$7,878
30 years$36,030$25,829$18,163$12,566$8,580$7,062
31 years$34,490$24,417$16,933$11,541$7,757$6,333
32 years$33,049$23,104$15,799$10,606$7,017$5,683
33 years$31,698$21,879$14,751$9,753$6,351$5,101
34 years$30,430$20,737$13,783$8,974$5,750$4,581
35 years$29,236$19,669$12,886$8,261$5,208$4,115
36 years$28,112$18,668$12,054$7,608$4,718$3,697
37 years$27,050$17,731$11,283$7,010$4,277$3,323
38 years$26,047$16,850$10,566$6,461$3,877$2,987
39 years$25,098$16,023$9,899$5,958$3,516$2,686
40 years$24,199$15,245$9,278$5,495$3,189$2,416
41 years$23,345$14,511$8,700$5,070$2,893$2,173
42 years$22,535$13,820$8,161$4,679$2,625$1,955
43 years$21,764$13,168$7,658$4,319$2,383$1,759
44 years$21,030$12,552$7,188$3,988$2,163$1,583
45 years$20,331$11,969$6,750$3,683$1,963$1,425
46 years$19,664$11,418$6,339$3,402$1,783$1,282
47 years$19,028$10,896$5,956$3,143$1,619$1,154
48 years$18,419$10,402$5,597$2,904$1,470$1,039
49 years$17,838$9,933$5,261$2,684$1,335$935
50 years$17,281$9,489$4,946$2,481$1,213$842

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 $6,101 every year, while hoping to spend $51,841 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: 84/10/6 Blend
62$17,700,000$17,700,000$17,700,000$17,700,000
63$19,511,693$18,573,593$18,299,243$21,144,107
64$21,446,727$19,428,541$18,857,109$23,065,297
65$23,577,398$20,323,643$19,431,927$25,167,318
66$25,923,604$21,260,814$20,024,208$27,474,356
67$28,507,275$22,242,057$20,634,482$30,006,955
68$31,352,573$23,269,474$21,263,294$32,787,736
69$34,486,125$24,345,267$21,911,203$35,841,612
70$37,937,270$25,471,746$22,578,789$39,196,021
71$41,738,339$26,651,329$23,266,646$42,881,181
72$45,924,959$27,886,553$23,975,387$46,930,374
73$50,536,386$29,180,076$24,705,645$51,380,261
74$55,615,883$30,534,685$25,458,069$56,271,218
75$61,211,119$31,953,300$26,233,330$61,647,722
76$67,374,625$33,438,984$27,032,118$67,558,763
77$74,164,287$34,994,945$27,855,145$74,058,308
78$81,643,895$36,624,548$28,703,143$81,205,802
79$89,883,741$38,331,319$29,576,867$89,066,731
80$98,961,285$40,118,956$30,477,094$97,713,234
81$108,961,884$41,991,332$31,404,625$107,224,781
82$119,979,600$43,952,512$32,360,284$117,688,921
83$132,118,087$46,006,753$33,344,921$129,202,104
84$145,491,568$48,158,519$34,359,412$141,870,587
85$160,225,912$50,412,492$35,404,657$155,811,431
86$176,459,828$52,773,576$36,481,585$171,153,609
87$194,346,165$55,246,916$37,591,153$188,039,209
88$214,053,363$57,837,904$38,734,346$206,624,780
89$235,767,037$60,552,193$39,912,178$227,082,800
90$259,691,734$63,395,709$41,125,694$249,603,297
91$286,052,858$66,374,666$42,375,972$274,395,645
92$315,098,803$69,495,578$43,664,121$301,690,528
93$347,103,293$72,765,273$44,991,281$331,742,117
94$382,367,970$76,190,913$46,358,631$364,830,458
95$421,225,239$79,780,004$47,767,381$401,264,115
96$464,041,405$83,540,416$49,218,780$441,383,072
97$511,220,133$87,480,400$50,714,113$485,561,941
98$563,206,255$91,608,609$52,254,705$534,213,484
99$620,489,975$95,934,113$53,841,919$587,792,508
100$683,611,490$100,466,421$55,477,160$646,800,148