Can I retire at age 63 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,424,322
2 years$744,029$730,172$716,743$703,722$691,092$664,020
3 years$491,092$477,176$463,780$450,882$438,457$412,127
4 years$364,649$350,775$337,513$324,835$312,711$287,327
5 years$288,802$275,012$261,924$249,504$237,718$213,352
6 years$238,255$224,568$211,674$199,531$188,098$164,777
7 years$202,163$188,592$175,902$164,045$152,974$130,704
8 years$175,107$161,658$149,179$137,613$126,907$105,682
9 years$154,074$140,752$128,487$117,216$106,874$86,682
10 years$137,258$124,066$112,018$101,041$91,062$71,884
11 years$123,508$110,449$98,619$87,936$78,316$60,130
12 years$112,059$99,133$87,522$77,132$67,867$50,648
13 years$102,378$89,587$78,195$68,096$59,182$42,902
14 years$94,087$81,432$70,259$60,448$51,878$36,508
15 years$86,908$74,390$63,434$53,909$45,678$31,187
16 years$80,633$68,251$57,512$48,270$40,370$26,726
17 years$75,102$62,857$52,334$43,370$35,795$22,965
18 years$70,190$58,083$47,774$39,085$31,827$19,779
19 years$65,801$53,830$43,735$35,317$28,368$17,067
20 years$61,856$50,022$40,138$31,986$25,339$14,751
21 years$58,291$46,593$36,919$29,029$22,676$12,768
22 years$55,055$43,493$34,027$26,394$20,325$11,064
23 years$52,104$40,678$31,417$24,038$18,245$9,598
24 years$49,403$38,113$29,056$21,924$16,399$8,333
25 years$46,922$35,767$26,912$20,022$14,757$7,241
26 years$44,636$33,615$24,959$18,307$13,292$6,296
27 years$42,523$31,636$23,177$16,757$11,984$5,478
28 years$40,564$29,810$21,546$15,353$10,814$4,768
29 years$38,743$28,123$20,050$14,079$9,764$4,152
30 years$37,047$26,559$18,676$12,921$8,823$3,617
31 years$35,464$25,107$17,411$11,867$7,977$3,152
32 years$33,982$23,756$16,245$10,906$7,215$2,748
33 years$32,594$22,498$15,168$10,029$6,530$2,396
34 years$31,289$21,323$14,172$9,228$5,912$2,089
35 years$30,062$20,224$13,250$8,494$5,355$1,822
36 years$28,906$19,196$12,395$7,823$4,852$1,590
37 years$27,815$18,231$11,601$7,208$4,397$1,387
38 years$26,783$17,326$10,864$6,644$3,987$1,210
39 years$25,807$16,476$10,179$6,126$3,615$1,056
40 years$24,882$15,675$9,540$5,650$3,279$922
41 years$24,005$14,921$8,946$5,213$2,975$805
42 years$23,171$14,211$8,392$4,811$2,699$702
43 years$22,379$13,540$7,874$4,441$2,450$613
44 years$21,624$12,906$7,391$4,101$2,224$535
45 years$20,905$12,307$6,940$3,787$2,019$467
46 years$20,220$11,741$6,518$3,498$1,833$408
47 years$19,565$11,204$6,124$3,232$1,664$356
48 years$18,940$10,696$5,755$2,986$1,511$311
49 years$18,342$10,214$5,409$2,760$1,373$272
50 years$17,770$9,757$5,085$2,551$1,247$237

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $18,200,000, adding $5,098 every year, while hoping to spend $34,057 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: 43/39/18 Blend
62$18,200,000$18,200,000$18,200,000$18,200,000
63$20,061,659$19,097,059$18,814,959$20,818,999
64$22,071,711$19,996,578$19,409,023$22,252,862
65$24,285,648$20,939,033$20,021,848$23,801,608
66$26,724,229$21,926,490$20,654,024$25,478,818
67$29,410,331$22,961,118$21,306,165$27,296,332
68$32,369,162$24,045,191$21,978,899$29,267,144
69$35,628,502$25,181,090$22,672,877$31,405,513
70$39,218,961$26,371,316$23,388,771$33,727,091
71$43,174,273$27,618,488$24,127,272$36,249,064
72$47,531,608$28,925,353$24,889,095$38,990,302
73$52,331,928$30,294,792$25,674,976$41,971,531
74$57,620,373$31,729,824$26,485,675$45,215,518
75$63,446,682$33,233,617$27,321,976$48,747,274
76$69,865,669$34,809,489$28,184,688$52,594,281
77$76,937,736$36,460,924$29,074,644$56,786,742
78$84,729,446$38,191,570$29,992,706$61,357,851
79$93,314,149$40,005,256$30,939,761$66,344,098
80$102,772,673$41,905,995$31,916,724$71,785,595
81$113,194,093$43,897,995$32,924,541$77,726,450
82$124,676,563$45,985,670$33,964,186$84,215,160
83$137,328,250$48,173,645$35,036,664$91,305,062
84$151,268,352$50,466,774$36,143,012$99,054,817
85$166,628,221$52,870,144$37,284,301$107,528,948
86$183,552,608$55,389,089$38,461,634$116,798,434
87$202,201,025$58,029,205$39,676,149$126,941,362
88$222,749,250$60,796,357$40,929,020$138,043,646
89$245,390,991$63,696,696$42,221,460$150,199,818
90$270,339,712$66,736,674$43,554,719$163,513,901
91$297,830,645$69,923,054$44,930,085$178,100,370
92$328,123,017$73,262,929$46,348,888$194,085,212
93$361,502,490$76,763,738$47,812,502$211,607,089
94$398,283,864$80,433,281$49,322,340$230,818,626
95$438,814,044$84,279,738$50,879,864$251,887,827
96$483,475,317$88,311,685$52,486,580$274,999,631
97$532,688,960$92,538,118$54,144,041$300,357,634
98$586,919,218$96,968,470$55,853,851$328,185,981
99$646,677,686$101,612,633$57,617,663$358,731,450
100$712,528,138$106,480,980$59,437,183$392,265,753