Can I retire at age 63 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,397,409
2 years$731,765$718,137$704,928$692,122$679,701$649,656
3 years$482,997$469,310$456,135$443,449$431,230$402,039
4 years$358,638$344,993$331,950$319,480$307,557$279,446
5 years$284,042$270,478$257,607$245,392$233,800$206,848
6 years$234,327$220,866$208,184$196,242$184,998$159,233
7 years$198,831$185,483$173,002$161,341$150,453$125,881
8 years$172,221$158,993$146,720$135,345$124,815$101,429
9 years$151,535$138,432$126,370$115,284$105,112$82,895
10 years$134,996$122,021$110,172$99,376$89,561$68,490
11 years$121,473$108,628$96,994$86,487$77,025$57,074
12 years$110,211$97,499$86,079$75,860$66,749$47,887
13 years$100,690$88,110$76,906$66,973$58,206$40,402
14 years$92,536$80,090$69,101$59,452$51,023$34,242
15 years$85,476$73,164$62,388$53,020$44,925$29,129
16 years$79,304$67,126$56,564$47,474$39,705$24,858
17 years$73,864$61,821$51,471$42,655$35,205$21,268
18 years$69,033$57,125$46,987$38,441$31,303$18,237
19 years$64,717$52,943$43,014$34,734$27,901$15,667
20 years$60,836$49,197$39,476$31,459$24,921$13,480
21 years$57,330$45,825$36,310$28,551$22,302$11,614
22 years$54,147$42,776$33,466$25,959$19,990$10,018
23 years$51,245$40,008$30,900$23,642$17,945$8,650
24 years$48,589$37,485$28,577$21,562$16,129$7,475
25 years$46,149$35,177$26,468$19,692$14,514$6,464
26 years$43,900$33,061$24,548$18,005$13,073$5,594
27 years$41,822$31,114$22,795$16,481$11,787$4,843
28 years$39,895$29,319$21,191$15,100$10,635$4,195
29 years$38,105$27,659$19,720$13,847$9,603$3,635
30 years$36,437$26,121$18,368$12,708$8,677$3,151
31 years$34,879$24,693$17,124$11,671$7,845$2,732
32 years$33,422$23,365$15,977$10,726$7,096$2,370
33 years$32,056$22,127$14,918$9,864$6,422$2,056
34 years$30,773$20,971$13,938$9,075$5,815$1,784
35 years$29,567$19,891$13,031$8,354$5,267$1,548
36 years$28,429$18,879$12,191$7,694$4,772$1,344
37 years$27,356$17,931$11,410$7,089$4,325$1,167
38 years$26,342$17,041$10,685$6,534$3,921$1,013
39 years$25,382$16,204$10,011$6,025$3,556$879
40 years$24,472$15,417$9,383$5,557$3,225$764
41 years$23,609$14,675$8,798$5,127$2,926$663
42 years$22,789$13,976$8,253$4,732$2,655$576
43 years$22,010$13,317$7,745$4,368$2,409$500
44 years$21,268$12,694$7,270$4,033$2,187$434
45 years$20,561$12,104$6,826$3,725$1,985$377
46 years$19,886$11,547$6,411$3,441$1,803$328
47 years$19,243$11,020$6,023$3,179$1,637$285
48 years$18,628$10,520$5,660$2,937$1,487$247
49 years$18,039$10,046$5,320$2,714$1,350$215
50 years$17,477$9,596$5,002$2,509$1,226$187

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,900,000, adding $5,380 every year, while hoping to spend $38,187 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: 61/13/26 Blend
62$17,900,000$17,900,000$17,900,000$17,900,000
63$19,731,349$18,782,649$18,505,199$20,797,301
64$21,703,316$19,662,369$19,084,493$22,402,095
65$23,875,144$20,583,914$19,681,913$24,148,344
66$26,267,178$21,549,295$20,298,026$26,053,624
67$28,901,838$22,560,618$20,933,418$28,133,451
68$31,803,828$23,620,091$21,588,690$30,404,894
69$35,000,373$24,730,030$22,264,465$32,886,737
70$38,521,470$25,892,861$22,961,384$35,599,649
71$42,400,178$27,111,129$23,680,108$38,566,376
72$46,672,923$28,387,501$24,421,319$41,811,954
73$51,379,849$29,724,776$25,185,721$45,363,937
74$56,565,189$31,125,886$25,974,038$49,252,655
75$62,277,688$32,593,904$26,787,018$53,511,496
76$68,571,062$34,132,055$27,625,433$58,177,215
77$75,504,503$35,743,719$28,490,078$63,290,278
78$83,143,240$37,432,439$29,381,773$68,895,235
79$91,559,153$39,201,930$30,301,364$75,041,142
80$100,831,450$41,056,088$31,249,724$81,782,008
81$111,047,419$42,998,998$32,227,751$89,177,310
82$122,303,249$45,034,942$33,236,374$97,292,540
83$134,704,937$47,168,411$34,276,549$106,199,822
84$148,369,290$49,404,112$35,349,263$115,978,583
85$163,425,027$51,746,983$36,455,532$126,716,298
86$180,013,994$54,202,200$37,596,407$138,509,306
87$198,292,504$56,775,190$38,772,969$151,463,714
88$218,432,810$59,471,645$39,986,335$165,696,391
89$240,624,733$62,297,532$41,237,653$181,336,062
90$265,077,453$65,259,108$42,528,112$198,524,514
91$292,021,484$68,362,936$43,858,934$217,417,926
92$321,710,850$71,615,893$45,231,383$238,188,336
93$354,425,480$75,025,196$46,646,758$261,025,253
94$390,473,857$78,598,408$48,106,402$286,137,436
95$430,195,923$82,343,463$49,611,699$313,754,855
96$473,966,292$86,268,678$51,164,076$344,130,853
97$522,197,786$90,382,775$52,765,005$377,544,519
98$575,345,331$94,694,902$54,416,003$414,303,322
99$633,910,252$99,214,649$56,118,636$454,745,989
100$698,445,005$103,952,074$57,874,518$499,245,699