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

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,421,357
2 years$731,765$718,137$704,928$692,122$679,701$673,629
3 years$482,997$469,310$456,135$443,449$431,230$425,288
4 years$358,638$344,993$331,950$319,480$307,557$301,791
5 years$284,042$270,478$257,607$245,392$233,800$228,228
6 years$234,327$220,866$208,184$196,242$184,998$179,626
7 years$198,831$185,483$173,002$161,341$150,453$145,284
8 years$172,221$158,993$146,720$135,345$124,815$119,850
9 years$151,535$138,432$126,370$115,284$105,112$100,350
10 years$134,996$122,021$110,172$99,376$89,561$84,999
11 years$121,473$108,628$96,994$86,487$77,025$72,661
12 years$110,211$97,499$86,079$75,860$66,749$62,578
13 years$100,690$88,110$76,906$66,973$58,206$54,226
14 years$92,536$80,090$69,101$59,452$51,023$47,229
15 years$85,476$73,164$62,388$53,020$44,925$41,312
16 years$79,304$67,126$56,564$47,474$39,705$36,268
17 years$73,864$61,821$51,471$42,655$35,205$31,940
18 years$69,033$57,125$46,987$38,441$31,303$28,204
19 years$64,717$52,943$43,014$34,734$27,901$24,963
20 years$60,836$49,197$39,476$31,459$24,921$22,139
21 years$57,330$45,825$36,310$28,551$22,302$19,669
22 years$54,147$42,776$33,466$25,959$19,990$17,501
23 years$51,245$40,008$30,900$23,642$17,945$15,594
24 years$48,589$37,485$28,577$21,562$16,129$13,911
25 years$46,149$35,177$26,468$19,692$14,514$12,423
26 years$43,900$33,061$24,548$18,005$13,073$11,104
27 years$41,822$31,114$22,795$16,481$11,787$9,934
28 years$39,895$29,319$21,191$15,100$10,635$8,894
29 years$38,105$27,659$19,720$13,847$9,603$7,967
30 years$36,437$26,121$18,368$12,708$8,677$7,142
31 years$34,879$24,693$17,124$11,671$7,845$6,405
32 years$33,422$23,365$15,977$10,726$7,096$5,747
33 years$32,056$22,127$14,918$9,864$6,422$5,159
34 years$30,773$20,971$13,938$9,075$5,815$4,632
35 years$29,567$19,891$13,031$8,354$5,267$4,161
36 years$28,429$18,879$12,191$7,694$4,772$3,739
37 years$27,356$17,931$11,410$7,089$4,325$3,360
38 years$26,342$17,041$10,685$6,534$3,921$3,021
39 years$25,382$16,204$10,011$6,025$3,556$2,716
40 years$24,472$15,417$9,383$5,557$3,225$2,443
41 years$23,609$14,675$8,798$5,127$2,926$2,197
42 years$22,789$13,976$8,253$4,732$2,655$1,977
43 years$22,010$13,317$7,745$4,368$2,409$1,779
44 years$21,268$12,694$7,270$4,033$2,187$1,601
45 years$20,561$12,104$6,826$3,725$1,985$1,441
46 years$19,886$11,547$6,411$3,441$1,803$1,297
47 years$19,243$11,020$6,023$3,179$1,637$1,167
48 years$18,628$10,520$5,660$2,937$1,487$1,051
49 years$18,039$10,046$5,320$2,714$1,350$946
50 years$17,477$9,596$5,002$2,509$1,226$852

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 $4,158 every year, while hoping to spend $39,746 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: 51/29/20 Blend
62$17,900,000$17,900,000$17,900,000$17,900,000
63$19,730,089$18,781,389$18,503,939$20,626,642
64$21,700,269$19,659,388$19,081,531$22,123,804
65$23,870,074$20,579,076$19,677,141$23,746,266
66$26,259,826$21,542,455$20,291,330$25,509,477
67$28,891,916$22,551,622$20,924,676$27,426,779
68$31,791,016$23,608,777$21,577,778$29,512,831
69$34,984,317$24,716,224$22,251,251$31,783,743
70$38,501,778$25,876,380$22,945,729$34,257,220
71$42,376,417$27,091,780$23,661,868$36,952,724
72$46,644,613$28,365,079$24,400,342$39,891,649
73$51,346,458$29,699,062$25,161,848$43,097,519
74$56,526,130$31,096,649$25,947,103$46,596,199
75$62,232,312$32,560,902$26,756,848$50,416,135
76$68,518,651$34,095,029$27,591,845$54,588,610
77$75,444,264$35,702,396$28,452,883$59,148,038
78$83,074,296$37,386,531$29,340,771$64,132,271
79$91,480,534$39,151,131$30,256,347$69,582,953
80$100,742,088$41,000,076$31,200,474$75,545,905
81$110,946,132$42,937,431$32,174,041$82,071,541
82$122,188,732$44,967,459$33,177,966$89,215,337
83$134,575,749$47,094,631$34,213,194$97,038,347
84$148,223,840$49,323,633$35,280,701$105,607,761
85$163,261,559$51,659,378$36,381,492$114,997,531
86$179,830,571$54,107,021$37,516,605$125,289,059
87$198,086,987$56,671,962$38,687,109$136,571,946
88$218,202,838$59,359,867$39,894,106$148,944,828
89$240,367,703$62,176,675$41,138,733$162,516,296
90$264,790,490$65,128,614$42,422,163$177,405,896
91$291,701,419$68,222,215$43,745,604$193,745,253
92$321,354,185$71,464,325$45,110,302$211,679,290
93$354,028,358$74,862,123$46,517,544$231,367,582
94$390,032,022$78,423,139$47,968,653$252,985,841
95$429,704,683$82,155,267$49,464,997$276,727,561
96$473,420,470$86,066,785$51,007,985$302,805,820
97$521,591,674$90,166,373$52,599,069$331,455,276
98$574,672,634$94,463,135$54,239,747$362,934,353
99$633,164,029$98,966,614$55,931,563$397,527,667
100$697,617,601$103,686,819$57,676,112$435,548,683