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%19.2%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,397,578
2 years$744,029$730,172$716,743$703,722$691,092$637,581
3 years$491,092$477,176$463,780$450,882$438,457$386,834
4 years$364,649$350,775$337,513$324,835$312,711$263,369
5 years$288,802$275,012$261,924$249,504$237,718$190,785
6 years$238,255$224,568$211,674$199,531$188,098$143,608
7 years$202,163$188,592$175,902$164,045$152,974$110,916
8 years$175,107$161,658$149,179$137,613$126,907$87,241
9 years$154,074$140,752$128,487$117,216$106,874$69,547
10 years$137,258$124,066$112,018$101,041$91,062$56,007
11 years$123,508$110,449$98,619$87,936$78,316$45,457
12 years$112,059$99,133$87,522$77,132$67,867$37,122
13 years$102,378$89,587$78,195$68,096$59,182$30,464
14 years$94,087$81,432$70,259$60,448$51,878$25,098
15 years$86,908$74,390$63,434$53,909$45,678$20,743
16 years$80,633$68,251$57,512$48,270$40,370$17,188
17 years$75,102$62,857$52,334$43,370$35,795$14,272
18 years$70,190$58,083$47,774$39,085$31,827$11,871
19 years$65,801$53,830$43,735$35,317$28,368$9,889
20 years$61,856$50,022$40,138$31,986$25,339$8,247
21 years$58,291$46,593$36,919$29,029$22,676$6,885
22 years$55,055$43,493$34,027$26,394$20,325$5,752
23 years$52,104$40,678$31,417$24,038$18,245$4,809
24 years$49,403$38,113$29,056$21,924$16,399$4,023
25 years$46,922$35,767$26,912$20,022$14,757$3,367
26 years$44,636$33,615$24,959$18,307$13,292$2,819
27 years$42,523$31,636$23,177$16,757$11,984$2,361
28 years$40,564$29,810$21,546$15,353$10,814$1,978
29 years$38,743$28,123$20,050$14,079$9,764$1,657
30 years$37,047$26,559$18,676$12,921$8,823$1,389
31 years$35,464$25,107$17,411$11,867$7,977$1,164
32 years$33,982$23,756$16,245$10,906$7,215$976
33 years$32,594$22,498$15,168$10,029$6,530$818
34 years$31,289$21,323$14,172$9,228$5,912$686
35 years$30,062$20,224$13,250$8,494$5,355$575
36 years$28,906$19,196$12,395$7,823$4,852$483
37 years$27,815$18,231$11,601$7,208$4,397$405
38 years$26,783$17,326$10,864$6,644$3,987$339
39 years$25,807$16,476$10,179$6,126$3,615$285
40 years$24,882$15,675$9,540$5,650$3,279$239
41 years$24,005$14,921$8,946$5,213$2,975$200
42 years$23,171$14,211$8,392$4,811$2,699$168
43 years$22,379$13,540$7,874$4,441$2,450$141
44 years$21,624$12,906$7,391$4,101$2,224$118
45 years$20,905$12,307$6,940$3,787$2,019$99
46 years$20,220$11,741$6,518$3,498$1,833$83
47 years$19,565$11,204$6,124$3,232$1,664$70
48 years$18,940$10,696$5,755$2,986$1,511$59
49 years$18,342$10,214$5,409$2,760$1,373$49
50 years$17,770$9,757$5,085$2,551$1,247$41

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 $2,366 every year, while hoping to spend $23,314 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: 27/49/24 Blend
62$18,200,000$18,200,000$18,200,000$18,200,000
63$20,058,841$19,094,241$18,812,141$20,448,956
64$22,080,036$20,005,052$19,417,541$21,670,296
65$24,306,613$20,959,713$20,042,442$22,978,543
66$26,759,494$21,960,345$20,687,470$24,382,750
67$29,461,738$23,009,178$21,353,276$25,891,082
68$32,438,753$24,108,545$22,040,528$27,512,466
69$35,718,539$25,260,897$22,749,919$29,256,664
70$39,331,950$26,468,801$23,482,162$31,134,353
71$43,312,989$27,734,952$24,237,994$33,157,218
72$47,699,122$29,062,173$25,018,175$35,338,047
73$52,531,640$30,453,427$25,823,491$37,690,843
74$57,856,041$31,911,819$26,654,753$40,230,941
75$63,722,466$33,440,607$27,512,796$42,975,142
76$70,186,167$35,043,207$28,398,484$45,941,855
77$77,308,032$36,723,200$29,312,709$49,151,260
78$85,155,158$38,484,343$30,256,391$52,625,480
79$93,801,485$40,330,576$31,230,481$56,388,775
80$103,328,492$42,266,030$32,235,958$60,467,757
81$113,825,971$44,295,039$33,273,835$64,891,619
82$125,392,869$46,422,144$34,345,157$69,692,397
83$138,138,224$48,652,113$35,451,003$74,905,251
84$152,182,198$50,989,941$36,592,487$80,568,780
85$167,657,204$53,440,869$37,770,757$86,725,359
86$184,709,162$56,010,395$38,987,000$93,421,527
87$203,498,873$58,704,281$40,242,441$100,708,394
88$224,203,541$61,528,574$41,538,346$108,642,106
89$247,018,439$64,489,611$42,876,018$117,284,349
90$272,158,761$67,594,043$44,256,805$126,702,901
91$299,861,645$70,848,842$45,682,099$136,972,250
92$330,388,419$74,261,321$47,153,335$148,174,267
93$364,027,061$77,839,149$48,671,995$160,398,948
94$401,094,924$81,590,370$50,239,609$173,745,230
95$441,941,727$85,523,419$51,857,758$188,321,899
96$486,952,861$89,647,145$53,528,070$204,248,574
97$536,553,023$93,970,824$55,252,230$221,656,807
98$591,210,226$98,504,190$57,031,975$240,691,284
99$651,440,222$103,257,448$58,869,099$261,511,152
100$717,811,363$108,241,301$60,765,452$284,291,482