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%15.9%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,377,302
2 years$723,589$710,113$697,052$684,389$672,106$637,935
3 years$477,601$464,066$451,039$438,495$426,412$393,259
4 years$354,631$341,138$328,241$315,911$304,120$272,240
5 years$280,868$267,456$254,728$242,650$231,188$200,669
6 years$231,709$218,398$205,858$194,049$182,931$153,805
7 years$196,609$183,410$171,069$159,538$148,772$121,042
8 years$170,296$157,217$145,080$133,833$123,420$97,076
9 years$149,842$136,885$124,958$113,996$103,938$78,957
10 years$133,487$120,658$108,941$98,265$88,560$64,914
11 years$120,115$107,415$95,910$85,520$76,165$53,820
12 years$108,980$96,409$85,118$75,013$66,003$44,922
13 years$99,565$87,126$76,047$66,225$57,556$37,698
14 years$91,502$79,195$68,328$58,787$50,453$31,776
15 years$84,521$72,346$61,691$52,428$44,423$26,882
16 years$78,418$66,376$55,932$46,944$39,261$22,810
17 years$73,038$61,130$50,896$42,178$34,812$19,403
18 years$68,262$56,487$46,462$38,011$30,953$16,540
19 years$63,994$52,351$42,533$34,346$27,589$14,125
20 years$60,157$48,648$39,035$31,107$24,643$12,080
21 years$56,690$45,313$35,905$28,232$22,053$10,345
22 years$53,542$42,298$33,092$25,669$19,767$8,868
23 years$50,673$39,561$30,554$23,377$17,744$7,609
24 years$48,046$37,066$28,258$21,322$15,949$6,534
25 years$45,633$34,784$26,172$19,472$14,351$5,615
26 years$43,410$32,692$24,273$17,804$12,927$4,828
27 years$41,355$30,767$22,540$16,297$11,655$4,153
28 years$39,449$28,991$20,954$14,931$10,517$3,574
29 years$37,679$27,350$19,499$13,692$9,496$3,077
30 years$36,030$25,829$18,163$12,566$8,580$2,649
31 years$34,490$24,417$16,933$11,541$7,757$2,282
32 years$33,049$23,104$15,799$10,606$7,017$1,966
33 years$31,698$21,879$14,751$9,753$6,351$1,694
34 years$30,430$20,737$13,783$8,974$5,750$1,460
35 years$29,236$19,669$12,886$8,261$5,208$1,259
36 years$28,112$18,668$12,054$7,608$4,718$1,085
37 years$27,050$17,731$11,283$7,010$4,277$936
38 years$26,047$16,850$10,566$6,461$3,877$807
39 years$25,098$16,023$9,899$5,958$3,516$696
40 years$24,199$15,245$9,278$5,495$3,189$600
41 years$23,345$14,511$8,700$5,070$2,893$518
42 years$22,535$13,820$8,161$4,679$2,625$446
43 years$21,764$13,168$7,658$4,319$2,383$385
44 years$21,030$12,552$7,188$3,988$2,163$332
45 years$20,331$11,969$6,750$3,683$1,963$287
46 years$19,664$11,418$6,339$3,402$1,783$247
47 years$19,028$10,896$5,956$3,143$1,619$213
48 years$18,419$10,402$5,597$2,904$1,470$184
49 years$17,838$9,933$5,261$2,684$1,335$159
50 years$17,281$9,489$4,946$2,481$1,213$137

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 $4,766 every year, while hoping to spend $52,875 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: 22/50/28 Blend
62$17,700,000$17,700,000$17,700,000$17,700,000
63$19,510,316$18,572,216$18,297,866$19,765,968
64$21,444,110$19,425,996$18,854,586$20,847,154
65$23,573,378$20,319,839$19,428,184$21,998,282
66$25,918,004$21,255,653$20,019,169$23,228,669
67$28,499,896$22,235,435$20,628,067$24,544,828
68$31,343,197$23,261,282$21,255,418$25,953,867
69$34,474,507$24,335,390$21,901,779$27,463,548
70$37,923,142$25,460,059$22,567,724$29,082,352
71$41,721,403$26,637,703$23,253,844$30,819,546
72$45,904,885$27,870,849$23,960,746$32,685,262
73$50,512,811$29,162,148$24,689,059$34,690,581
74$55,588,402$30,514,378$25,439,427$36,847,626
75$61,179,288$31,930,451$26,212,516$39,169,663
76$67,337,951$33,413,419$27,009,011$41,671,216
77$74,122,226$34,966,481$27,829,618$44,368,188
78$81,595,846$36,592,991$28,675,062$47,278,001
79$89,829,039$38,296,464$29,546,093$50,419,741
80$98,899,195$40,080,585$30,443,482$53,814,327
81$108,891,597$41,949,218$31,368,023$57,484,690
82$119,900,222$43,906,411$32,320,533$61,455,976
83$132,028,629$45,956,410$33,301,856$65,755,761
84$145,390,939$48,103,664$34,312,858$70,414,297
85$160,112,910$50,352,838$35,354,433$75,464,781
86$176,333,122$52,708,823$36,427,502$80,943,639
87$194,204,290$55,176,745$37,533,013$86,890,860
88$213,894,701$57,761,979$38,671,942$93,350,345
89$235,589,803$60,470,158$39,845,295$100,370,301
90$259,493,957$63,307,191$41,054,107$108,003,671
91$285,832,367$66,279,268$42,299,445$116,308,609
92$314,853,199$69,392,884$43,582,408$125,349,005
93$346,829,934$72,654,843$44,904,127$135,195,059
94$382,063,939$76,072,283$46,265,767$145,923,915
95$420,887,319$79,652,683$47,668,529$157,620,360
96$463,666,049$83,403,888$49,113,648$170,377,592
97$510,803,429$87,334,121$50,602,398$184,298,069
98$562,743,890$91,452,004$52,136,089$199,494,441
99$619,977,191$95,766,577$53,716,072$216,090,578
100$683,043,041$100,287,316$55,343,738$234,222,700