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%19.3%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,381,672
2 years$735,853$722,148$708,867$695,989$683,498$630,037
3 years$485,696$471,932$458,684$445,927$433,639$382,073
4 years$360,642$346,920$333,804$321,265$309,275$259,997
5 years$285,629$271,990$259,046$246,762$235,106$188,243
6 years$235,636$222,100$209,347$197,338$186,031$141,617
7 years$199,942$186,519$173,969$162,242$151,293$109,315
8 years$173,183$159,881$147,539$136,101$125,512$85,931
9 years$152,381$139,205$127,076$115,928$105,700$68,461
10 years$135,750$122,703$110,787$99,931$90,061$55,097
11 years$122,151$109,235$97,535$86,970$77,456$44,690
12 years$110,827$98,044$86,560$76,284$67,122$36,471
13 years$101,253$88,603$77,336$67,348$58,531$29,909
14 years$93,053$80,537$69,487$59,784$51,308$24,624
15 years$85,953$73,572$62,737$53,317$45,176$20,336
16 years$79,747$67,501$56,880$47,739$39,926$16,839
17 years$74,276$62,166$51,759$42,893$35,402$13,972
18 years$69,419$57,444$47,249$38,655$31,477$11,613
19 years$65,078$53,239$43,254$34,929$28,057$9,666
20 years$61,176$49,472$39,697$31,634$25,061$8,055
21 years$57,651$46,081$36,513$28,710$22,426$6,719
22 years$54,450$43,015$33,653$26,104$20,102$5,609
23 years$51,531$40,231$31,072$23,774$18,045$4,686
24 years$48,860$37,694$28,737$21,683$16,219$3,917
25 years$46,407$35,374$26,616$19,802$14,595$3,275
26 years$44,146$33,246$24,685$18,106$13,146$2,740
27 years$42,055$31,288$22,922$16,573$11,853$2,293
28 years$40,118$29,483$21,309$15,184$10,695$1,919
29 years$38,318$27,814$19,830$13,924$9,657$1,607
30 years$36,640$26,267$18,471$12,779$8,726$1,346
31 years$35,074$24,831$17,220$11,737$7,889$1,127
32 years$33,609$23,495$16,066$10,786$7,136$944
33 years$32,235$22,250$15,001$9,919$6,458$791
34 years$30,945$21,088$14,016$9,126$5,847$663
35 years$29,732$20,002$13,104$8,401$5,296$555
36 years$28,588$18,985$12,259$7,737$4,798$465
37 years$27,509$18,031$11,474$7,129$4,349$390
38 years$26,489$17,136$10,745$6,571$3,943$327
39 years$25,524$16,295$10,067$6,059$3,575$274
40 years$24,609$15,503$9,436$5,588$3,243$229
41 years$23,741$14,757$8,848$5,156$2,942$192
42 years$22,917$14,054$8,299$4,758$2,670$161
43 years$22,133$13,391$7,788$4,392$2,423$135
44 years$21,387$12,764$7,310$4,056$2,199$113
45 years$20,676$12,172$6,864$3,745$1,997$95
46 years$19,997$11,612$6,447$3,460$1,813$80
47 years$19,350$11,081$6,057$3,196$1,646$67
48 years$18,732$10,578$5,692$2,954$1,495$56
49 years$18,140$10,102$5,350$2,730$1,358$47
50 years$17,574$9,650$5,030$2,523$1,233$39

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 $6,883 every year, while hoping to spend $24,101 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: 54/23/23 Blend
62$18,000,000$18,000,000$18,000,000$18,000,000
63$19,843,100$18,889,100$18,610,100$20,788,793
64$21,841,453$19,789,022$19,207,895$22,339,621
65$24,042,830$20,732,233$19,824,908$24,023,912
66$26,467,914$21,720,829$20,461,758$25,856,994
67$29,139,498$22,757,006$21,119,084$27,853,111
68$32,082,696$23,843,069$21,797,543$30,027,923
69$35,325,187$24,981,434$22,497,816$32,398,644
70$38,897,468$26,174,637$23,220,605$34,984,201
71$42,833,149$27,425,333$23,966,634$37,805,408
72$47,169,265$28,736,310$24,736,652$40,885,155
73$51,946,631$30,110,489$25,531,430$44,248,618
74$57,210,219$31,550,936$26,351,765$47,923,487
75$63,009,593$33,060,862$27,198,480$51,940,228
76$69,399,366$34,643,639$28,072,424$56,332,356
77$76,439,724$36,302,800$28,974,473$61,136,747
78$84,196,990$38,042,051$29,905,532$66,393,976
79$92,744,249$39,865,279$30,866,534$72,148,697
80$102,162,044$41,776,558$31,858,444$78,450,050
81$112,539,126$43,780,164$32,882,255$85,352,117
82$123,973,302$45,880,577$33,938,996$92,914,427
83$136,572,353$48,082,499$35,029,726$101,202,505
84$150,455,050$50,390,859$36,155,540$110,288,478
85$165,752,281$52,810,827$37,317,566$120,251,750
86$182,608,280$55,347,823$38,516,971$131,179,738
87$201,181,993$58,007,535$39,754,957$143,168,686
88$221,648,576$60,795,924$41,032,768$156,324,559
89$244,201,050$63,719,244$42,351,685$170,764,033
90$269,052,122$66,784,052$43,713,032$186,615,585
91$296,436,195$69,997,227$45,118,175$204,020,685
92$326,611,577$73,365,981$46,568,524$223,135,124
93$359,862,922$76,897,879$48,065,534$244,130,465
94$396,503,920$80,600,854$49,610,709$267,195,650
95$436,880,251$84,483,228$51,205,599$292,538,762
96$481,372,855$88,553,724$52,851,806$320,388,978
97$530,401,526$92,821,496$54,550,981$350,998,708
98$584,428,873$97,296,141$56,304,830$384,645,965
99$643,964,691$101,987,725$58,115,115$421,636,963
100$709,570,771$106,906,805$59,983,652$462,308,993