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%12.2%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,414,231
2 years$731,765$718,137$704,928$692,122$679,701$666,461
3 years$482,997$469,310$456,135$443,449$431,230$418,302
4 years$358,638$344,993$331,950$319,480$307,557$295,040
5 years$284,042$270,478$257,607$245,392$233,800$221,731
6 years$234,327$220,866$208,184$196,242$184,998$173,392
7 years$198,831$185,483$173,002$161,341$150,453$139,315
8 years$172,221$158,993$146,720$135,345$124,815$114,145
9 years$151,535$138,432$126,370$115,284$105,112$94,906
10 years$134,996$122,021$110,172$99,376$89,561$79,813
11 years$121,473$108,628$96,994$86,487$77,025$67,728
12 years$110,211$97,499$86,079$75,860$66,749$57,892
13 years$100,690$88,110$76,906$66,973$58,206$49,781
14 years$92,536$80,090$69,101$59,452$51,023$43,019
15 years$85,476$73,164$62,388$53,020$44,925$37,329
16 years$79,304$67,126$56,564$47,474$39,705$32,505
17 years$73,864$61,821$51,471$42,655$35,205$28,389
18 years$69,033$57,125$46,987$38,441$31,303$24,858
19 years$64,717$52,943$43,014$34,734$27,901$21,813
20 years$60,836$49,197$39,476$31,459$24,921$19,178
21 years$57,330$45,825$36,310$28,551$22,302$16,888
22 years$54,147$42,776$33,466$25,959$19,990$14,893
23 years$51,245$40,008$30,900$23,642$17,945$13,151
24 years$48,589$37,485$28,577$21,562$16,129$11,624
25 years$46,149$35,177$26,468$19,692$14,514$10,285
26 years$43,900$33,061$24,548$18,005$13,073$9,108
27 years$41,822$31,114$22,795$16,481$11,787$8,071
28 years$39,895$29,319$21,191$15,100$10,635$7,157
29 years$38,105$27,659$19,720$13,847$9,603$6,350
30 years$36,437$26,121$18,368$12,708$8,677$5,637
31 years$34,879$24,693$17,124$11,671$7,845$5,006
32 years$33,422$23,365$15,977$10,726$7,096$4,448
33 years$32,056$22,127$14,918$9,864$6,422$3,953
34 years$30,773$20,971$13,938$9,075$5,815$3,515
35 years$29,567$19,891$13,031$8,354$5,267$3,126
36 years$28,429$18,879$12,191$7,694$4,772$2,780
37 years$27,356$17,931$11,410$7,089$4,325$2,474
38 years$26,342$17,041$10,685$6,534$3,921$2,201
39 years$25,382$16,204$10,011$6,025$3,556$1,959
40 years$24,472$15,417$9,383$5,557$3,225$1,744
41 years$23,609$14,675$8,798$5,127$2,926$1,553
42 years$22,789$13,976$8,253$4,732$2,655$1,382
43 years$22,010$13,317$7,745$4,368$2,409$1,231
44 years$21,268$12,694$7,270$4,033$2,187$1,096
45 years$20,561$12,104$6,826$3,725$1,985$976
46 years$19,886$11,547$6,411$3,441$1,803$870
47 years$19,243$11,020$6,023$3,179$1,637$775
48 years$18,628$10,520$5,660$2,937$1,487$690
49 years$18,039$10,046$5,320$2,714$1,350$615
50 years$17,477$9,596$5,002$2,509$1,226$548

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 $5,112 every year, while hoping to spend $49,907 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: 48/33/19 Blend
62$17,900,000$17,900,000$17,900,000$17,900,000
63$19,731,073$18,782,373$18,504,923$20,572,185
64$21,690,542$19,649,609$19,071,737$22,024,352
65$23,848,204$20,557,666$19,655,867$23,594,834
66$26,224,222$21,508,493$20,257,840$25,299,130
67$28,840,814$22,504,131$20,878,199$27,149,806
68$31,722,463$23,546,719$21,517,505$29,160,664
69$34,896,146$24,638,501$22,176,333$31,346,864
70$38,391,592$25,781,826$22,855,280$33,725,061
71$42,241,559$26,979,160$23,554,956$36,313,557
72$46,482,144$28,233,085$24,275,993$39,132,463
73$51,153,125$29,546,308$25,019,041$42,203,885
74$56,298,335$30,921,668$25,784,770$45,552,124
75$61,966,075$32,362,140$26,573,870$49,203,895
76$68,209,572$33,870,842$27,387,052$53,188,571
77$75,087,479$35,451,044$28,225,048$57,538,454
78$82,664,429$37,106,173$29,088,615$62,289,067
79$91,011,646$38,839,820$29,978,529$67,479,480
80$100,207,616$40,655,753$30,895,591$73,152,671
81$110,338,827$42,557,919$31,840,628$79,355,918
82$121,500,588$44,550,458$32,814,489$86,141,235
83$133,797,925$46,637,708$33,818,052$93,565,851
84$147,346,575$48,824,217$34,852,218$101,692,739
85$162,274,077$51,114,755$35,917,919$110,591,195
86$178,720,977$53,514,322$37,016,113$120,337,481
87$196,842,151$56,028,158$38,147,787$131,015,529
88$216,808,271$58,661,758$39,313,959$142,717,721
89$238,807,414$61,420,884$40,515,676$155,545,741
90$263,046,838$64,311,575$41,754,019$169,611,524
91$289,754,936$67,340,164$43,030,100$185,038,292
92$319,183,397$70,513,289$44,345,065$201,961,700
93$351,609,574$73,837,910$45,700,095$220,531,101
94$387,339,110$77,321,327$47,096,408$240,910,932
95$426,708,817$80,971,190$48,535,255$263,282,247
96$470,089,859$84,795,522$50,017,929$287,844,411
97$517,891,256$88,802,733$51,545,761$314,816,949
98$570,563,739$93,001,643$53,120,119$344,441,604
99$628,604,015$97,401,497$54,742,418$376,984,592
100$692,559,447$102,011,993$56,414,111$412,739,088