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%13.9%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,427,838
2 years$744,029$730,172$716,743$703,722$691,092$667,526
3 years$491,092$477,176$463,780$450,882$438,457$415,514
4 years$364,649$350,775$337,513$324,835$312,711$290,567
5 years$288,802$275,012$261,924$249,504$237,718$216,437
6 years$238,255$224,568$211,674$199,531$188,098$167,705
7 years$202,163$188,592$175,902$164,045$152,974$133,475
8 years$175,107$161,658$149,179$137,613$126,907$108,298
9 years$154,074$140,752$128,487$117,216$106,874$89,145
10 years$137,258$124,066$112,018$101,041$91,062$74,199
11 years$123,508$110,449$98,619$87,936$78,316$62,301
12 years$112,059$99,133$87,522$77,132$67,867$52,680
13 years$102,378$89,587$78,195$68,096$59,182$44,800
14 years$94,087$81,432$70,259$60,448$51,878$38,278
15 years$86,908$74,390$63,434$53,909$45,678$32,834
16 years$80,633$68,251$57,512$48,270$40,370$28,257
17 years$75,102$62,857$52,334$43,370$35,795$24,385
18 years$70,190$58,083$47,774$39,085$31,827$21,093
19 years$65,801$53,830$43,735$35,317$28,368$18,281
20 years$61,856$50,022$40,138$31,986$25,339$15,872
21 years$58,291$46,593$36,919$29,029$22,676$13,800
22 years$55,055$43,493$34,027$26,394$20,325$12,014
23 years$52,104$40,678$31,417$24,038$18,245$10,471
24 years$49,403$38,113$29,056$21,924$16,399$9,134
25 years$46,922$35,767$26,912$20,022$14,757$7,975
26 years$44,636$33,615$24,959$18,307$13,292$6,967
27 years$42,523$31,636$23,177$16,757$11,984$6,091
28 years$40,564$29,810$21,546$15,353$10,814$5,328
29 years$38,743$28,123$20,050$14,079$9,764$4,662
30 years$37,047$26,559$18,676$12,921$8,823$4,082
31 years$35,464$25,107$17,411$11,867$7,977$3,574
32 years$33,982$23,756$16,245$10,906$7,215$3,131
33 years$32,594$22,498$15,168$10,029$6,530$2,744
34 years$31,289$21,323$14,172$9,228$5,912$2,405
35 years$30,062$20,224$13,250$8,494$5,355$2,108
36 years$28,906$19,196$12,395$7,823$4,852$1,849
37 years$27,815$18,231$11,601$7,208$4,397$1,621
38 years$26,783$17,326$10,864$6,644$3,987$1,422
39 years$25,807$16,476$10,179$6,126$3,615$1,247
40 years$24,882$15,675$9,540$5,650$3,279$1,094
41 years$24,005$14,921$8,946$5,213$2,975$960
42 years$23,171$14,211$8,392$4,811$2,699$842
43 years$22,379$13,540$7,874$4,441$2,450$739
44 years$21,624$12,906$7,391$4,101$2,224$649
45 years$20,905$12,307$6,940$3,787$2,019$569
46 years$20,220$11,741$6,518$3,498$1,833$500
47 years$19,565$11,204$6,124$3,232$1,664$439
48 years$18,940$10,696$5,755$2,986$1,511$385
49 years$18,342$10,214$5,409$2,760$1,373$338
50 years$17,770$9,757$5,085$2,551$1,247$297

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 $5,626 every year, while hoping to spend $30,736 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: 33/46/21 Blend
62$18,200,000$18,200,000$18,200,000$18,200,000
63$20,062,203$19,097,603$18,815,503$20,594,434
64$22,075,845$20,000,683$19,413,120$21,894,626
65$24,293,848$20,946,983$20,029,726$23,291,743
66$26,737,025$21,938,590$20,665,926$24,796,863
67$29,428,310$22,977,689$21,322,343$26,419,518
68$32,392,976$24,066,574$21,999,620$28,170,142
69$35,658,871$25,207,647$22,698,418$30,060,169
70$39,256,684$26,403,431$23,419,424$32,102,123
71$43,220,234$27,656,567$24,163,343$34,309,730
72$47,586,785$28,969,826$24,930,902$36,698,039
73$52,397,405$30,346,115$25,722,855$39,283,549
74$57,697,346$31,788,481$26,539,977$42,084,354
75$63,536,477$33,300,118$27,383,067$45,120,306
76$69,969,749$34,884,375$28,252,952$48,413,185
77$77,057,721$36,544,767$29,150,483$51,986,893
78$84,867,125$38,284,977$30,076,540$55,867,666
79$93,471,497$40,108,866$31,032,030$60,084,307
80$102,951,875$42,020,486$32,017,888$64,668,443
81$113,397,559$44,024,083$33,035,081$69,654,810
82$124,906,958$46,124,111$34,084,604$75,081,559
83$137,588,516$48,325,240$35,167,486$80,990,604
84$151,561,735$50,632,368$36,284,787$87,427,997
85$166,958,307$53,050,629$37,437,603$94,444,345
86$183,923,354$55,585,409$38,627,062$102,095,266
87$202,616,797$58,242,355$39,854,330$110,441,895
88$223,214,869$61,027,389$41,120,609$119,551,440
89$245,911,776$63,946,722$42,427,139$129,497,792
90$270,921,531$67,006,865$43,775,202$140,362,200
91$298,479,974$70,214,648$45,166,118$152,234,010
92$328,846,998$73,577,232$46,601,249$165,211,487
93$362,309,003$77,102,128$48,082,003$179,402,714
94$399,181,601$80,797,212$49,609,829$194,926,580
95$439,812,591$84,670,742$51,186,226$211,913,878
96$484,585,249$88,731,382$52,812,738$230,508,504
97$533,921,938$92,988,213$54,490,958$250,868,784
98$588,288,103$97,450,763$56,222,532$273,168,936
99$648,196,659$102,129,021$58,009,158$297,600,675
100$714,212,839$107,033,463$59,852,584$324,374,990