Can I retire at age 63 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,371,766
2 years$727,677$714,125$700,990$688,256$675,903$628,386
3 years$480,299$466,688$453,587$440,972$428,821$382,909
4 years$356,634$343,065$330,095$317,696$305,839$261,883
5 years$282,455$268,967$256,167$244,021$232,494$190,612
6 years$233,018$219,632$207,021$195,145$183,964$144,189
7 years$197,720$184,447$172,036$160,440$149,612$111,939
8 years$171,259$158,105$145,900$134,589$124,118$88,517
9 years$150,688$137,659$125,664$114,640$104,525$70,954
10 years$134,242$121,339$109,556$98,821$89,061$57,465
11 years$120,794$108,021$96,452$86,004$76,595$46,915
12 years$109,596$96,954$85,598$75,437$66,376$38,543
13 years$100,128$87,618$76,477$66,599$57,881$31,825
14 years$92,019$79,643$68,715$59,119$50,738$26,384
15 years$84,998$72,755$62,040$52,724$44,674$21,946
16 years$78,861$66,751$56,248$47,209$39,483$18,304
17 years$73,451$61,475$51,184$42,417$35,008$15,300
18 years$68,648$56,806$46,724$38,226$31,128$12,812
19 years$64,355$52,647$42,774$34,540$27,745$10,745
20 years$60,497$48,922$39,256$31,283$24,782$9,023
21 years$57,010$45,569$36,108$28,391$22,177$7,585
22 years$53,845$42,537$33,279$25,814$19,879$6,382
23 years$50,959$39,784$30,727$23,510$17,844$5,374
24 years$48,317$37,275$28,417$21,442$16,039$4,528
25 years$45,891$34,981$26,320$19,582$14,433$3,817
26 years$43,655$32,876$24,411$17,905$13,000$3,219
27 years$41,588$30,941$22,667$16,389$11,721$2,715
28 years$39,672$29,155$21,072$15,016$10,576$2,291
29 years$37,892$27,505$19,610$13,770$9,550$1,934
30 years$36,233$25,975$18,266$12,637$8,629$1,633
31 years$34,684$24,555$17,028$11,606$7,801$1,379
32 years$33,235$23,234$15,888$10,666$7,057$1,165
33 years$31,877$22,003$14,835$9,809$6,386$984
34 years$30,602$20,854$13,861$9,025$5,782$831
35 years$29,401$19,780$12,959$8,308$5,237$702
36 years$28,271$18,774$12,122$7,651$4,745$593
37 years$27,203$17,831$11,346$7,050$4,301$501
38 years$26,195$16,946$10,625$6,498$3,899$424
39 years$25,240$16,114$9,955$5,991$3,536$358
40 years$24,335$15,331$9,331$5,526$3,207$303
41 years$23,477$14,593$8,749$5,099$2,909$256
42 years$22,662$13,898$8,207$4,705$2,640$216
43 years$21,887$13,242$7,701$4,344$2,396$183
44 years$21,149$12,623$7,229$4,011$2,175$154
45 years$20,446$12,037$6,788$3,704$1,974$131
46 years$19,775$11,483$6,375$3,421$1,793$110
47 years$19,135$10,958$5,989$3,161$1,628$93
48 years$18,524$10,461$5,628$2,921$1,478$79
49 years$17,939$9,990$5,290$2,699$1,343$67
50 years$17,379$9,542$4,974$2,495$1,220$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,800,000, adding $5,371 every year, while hoping to spend $39,793 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: 32/45/23 Blend
62$17,800,000$17,800,000$17,800,000$17,800,000
63$19,621,140$18,677,740$18,401,840$20,109,890
64$21,580,157$19,550,610$18,975,962$21,352,215
65$23,737,660$20,464,917$19,567,984$22,685,445
66$26,113,852$21,422,649$20,178,463$24,120,683
67$28,730,997$22,425,891$20,807,973$25,666,899
68$31,613,628$23,476,828$21,457,109$27,333,919
69$34,788,776$24,577,751$22,126,480$29,132,501
70$38,286,232$25,731,062$22,816,719$31,074,435
71$42,138,823$26,939,279$23,528,473$33,172,639
72$46,382,720$28,205,041$24,262,415$35,441,275
73$51,057,786$29,531,116$25,019,234$37,895,870
74$56,207,946$30,920,406$25,799,644$40,553,454
75$61,881,603$32,375,952$26,604,378$43,432,706
76$68,132,097$33,900,945$27,434,196$46,554,122
77$75,018,206$35,498,727$28,289,877$49,940,193
78$82,604,703$37,172,804$29,172,227$53,615,607
79$90,962,963$38,926,852$30,082,078$57,607,467
80$100,171,643$40,764,725$31,020,284$61,945,532
81$110,317,417$42,690,463$31,987,730$66,662,486
82$121,495,800$44,708,303$32,985,326$71,794,227
83$133,812,048$46,822,686$34,014,011$77,380,192
84$147,382,149$49,038,269$35,074,752$83,463,712
85$162,333,920$51,359,936$36,168,548$90,092,403
86$178,808,213$53,792,807$37,296,428$97,318,597
87$196,960,247$56,342,250$38,459,454$105,199,816
88$216,961,065$59,013,894$39,658,719$113,799,295
89$238,999,160$61,813,640$40,895,352$123,186,559
90$263,282,244$64,747,679$42,170,517$133,438,052
91$290,039,216$67,822,498$43,485,412$144,637,843
92$319,522,318$71,044,902$44,841,275$156,878,387
93$352,009,518$74,422,026$46,239,381$170,261,380
94$387,807,134$77,961,350$47,681,046$184,898,684
95$427,252,725$81,670,720$49,167,624$200,913,364
96$470,718,278$85,558,360$50,700,515$218,440,810
97$518,613,719$89,632,897$52,281,159$237,629,995
98$571,390,784$93,903,374$53,911,043$258,644,842
99$629,547,282$98,379,277$55,591,701$281,665,738
100$693,631,793$103,070,550$57,324,711$306,891,207