Can I retire at age 63 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,383,868
2 years$735,853$722,148$708,867$695,989$683,498$632,192
3 years$485,696$471,932$458,684$445,927$433,639$384,117
4 years$360,642$346,920$333,804$321,265$309,275$261,916
5 years$285,629$271,990$259,046$246,762$235,106$190,033
6 years$235,636$222,100$209,347$197,338$186,031$143,278
7 years$199,942$186,519$173,969$162,242$151,293$110,851
8 years$173,183$159,881$147,539$136,101$125,512$87,346
9 years$152,381$139,205$127,076$115,928$105,700$69,759
10 years$135,750$122,703$110,787$99,931$90,061$56,284
11 years$122,151$109,235$97,535$86,970$77,456$45,771
12 years$110,827$98,044$86,560$76,284$67,122$37,454
13 years$101,253$88,603$77,336$67,348$58,531$30,799
14 years$93,053$80,537$69,487$59,784$51,308$25,427
15 years$85,953$73,572$62,737$53,317$45,176$21,060
16 years$79,747$67,501$56,880$47,739$39,926$17,489
17 years$74,276$62,166$51,759$42,893$35,402$14,554
18 years$69,419$57,444$47,249$38,655$31,477$12,133
19 years$65,078$53,239$43,254$34,929$28,057$10,130
20 years$61,176$49,472$39,697$31,634$25,061$8,468
21 years$57,651$46,081$36,513$28,710$22,426$7,085
22 years$54,450$43,015$33,653$26,104$20,102$5,933
23 years$51,531$40,231$31,072$23,774$18,045$4,972
24 years$48,860$37,694$28,737$21,683$16,219$4,169
25 years$46,407$35,374$26,616$19,802$14,595$3,498
26 years$44,146$33,246$24,685$18,106$13,146$2,935
27 years$42,055$31,288$22,922$16,573$11,853$2,464
28 years$40,118$29,483$21,309$15,184$10,695$2,070
29 years$38,318$27,814$19,830$13,924$9,657$1,738
30 years$36,640$26,267$18,471$12,779$8,726$1,461
31 years$35,074$24,831$17,220$11,737$7,889$1,227
32 years$33,609$23,495$16,066$10,786$7,136$1,031
33 years$32,235$22,250$15,001$9,919$6,458$867
34 years$30,945$21,088$14,016$9,126$5,847$729
35 years$29,732$20,002$13,104$8,401$5,296$613
36 years$28,588$18,985$12,259$7,737$4,798$515
37 years$27,509$18,031$11,474$7,129$4,349$433
38 years$26,489$17,136$10,745$6,571$3,943$364
39 years$25,524$16,295$10,067$6,059$3,575$306
40 years$24,609$15,503$9,436$5,588$3,243$257
41 years$23,741$14,757$8,848$5,156$2,942$217
42 years$22,917$14,054$8,299$4,758$2,670$182
43 years$22,133$13,391$7,788$4,392$2,423$153
44 years$21,387$12,764$7,310$4,056$2,199$129
45 years$20,676$12,172$6,864$3,745$1,997$108
46 years$19,997$11,612$6,447$3,460$1,813$91
47 years$19,350$11,081$6,057$3,196$1,646$77
48 years$18,732$10,578$5,692$2,954$1,495$64
49 years$18,140$10,102$5,350$2,730$1,358$54
50 years$17,574$9,650$5,030$2,523$1,233$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $18,000,000, adding $2,366 every year, while hoping to spend $31,343 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: 39/44/17 Blend
62$18,000,000$18,000,000$18,000,000$18,000,000
63$19,838,441$18,884,441$18,605,441$20,511,187
64$21,828,613$19,776,429$19,195,374$21,884,277
65$24,020,732$20,711,075$19,804,020$23,364,807
66$26,435,364$21,690,435$20,431,972$24,965,002
67$29,095,171$22,716,666$21,079,842$26,695,703
68$32,025,125$23,792,029$21,748,264$28,568,799
69$35,252,745$24,918,896$22,437,888$30,597,326
70$38,808,355$26,099,753$23,149,388$32,795,581
71$42,725,373$27,337,206$23,883,458$35,179,253
72$47,040,621$28,633,989$24,640,814$37,765,555
73$51,794,678$29,992,968$25,422,195$40,573,379
74$57,032,261$31,417,149$26,228,363$43,623,465
75$62,802,644$32,909,682$27,060,106$46,938,583
76$69,160,129$34,473,872$27,918,235$50,543,738
77$76,164,553$36,113,182$28,803,587$54,466,394
78$83,881,856$37,831,247$29,717,026$58,736,718
79$92,384,703$39,631,875$30,659,443$63,387,857
80$101,753,167$41,519,062$31,631,759$68,456,228
81$112,075,489$43,496,995$32,634,922$73,981,857
82$123,448,908$45,570,067$33,669,911$80,008,734
83$135,980,580$47,742,883$34,737,737$86,585,215
84$149,788,589$50,020,274$35,839,441$93,764,465
85$165,003,061$52,407,304$36,976,098$101,604,934
86$181,767,395$54,909,284$38,148,819$110,170,900
87$200,239,613$57,531,782$39,358,748$119,533,047
88$220,593,852$60,280,639$40,607,065$129,769,122
89$243,022,014$63,161,978$41,894,990$140,964,638
90$267,735,566$66,182,222$43,223,779$153,213,667
91$294,967,548$69,348,105$44,594,730$166,619,700
92$324,974,765$72,666,690$46,009,181$181,296,603
93$358,040,215$76,145,382$47,468,513$197,369,662
94$394,475,759$79,791,947$48,974,150$214,976,744
95$434,625,065$83,614,531$50,527,562$234,269,570
96$478,866,852$87,621,673$52,130,266$255,415,113
97$527,618,468$91,822,332$53,783,826$278,597,151
98$581,339,825$96,225,899$55,489,858$304,017,964
99$640,537,745$100,842,226$57,250,026$331,900,212
100$705,770,742$105,681,643$59,066,050$362,489,006