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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.8%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,428,427
2 years$744,029$730,172$716,743$703,722$691,092$668,114
3 years$491,092$477,176$463,780$450,882$438,457$416,082
4 years$364,649$350,775$337,513$324,835$312,711$291,111
5 years$288,802$275,012$261,924$249,504$237,718$216,956
6 years$238,255$224,568$211,674$199,531$188,098$168,198
7 years$202,163$188,592$175,902$164,045$152,974$133,942
8 years$175,107$161,658$149,179$137,613$126,907$108,740
9 years$154,074$140,752$128,487$117,216$106,874$89,562
10 years$137,258$124,066$112,018$101,041$91,062$74,592
11 years$123,508$110,449$98,619$87,936$78,316$62,671
12 years$112,059$99,133$87,522$77,132$67,867$53,026
13 years$102,378$89,587$78,195$68,096$59,182$45,124
14 years$94,087$81,432$70,259$60,448$51,878$38,581
15 years$86,908$74,390$63,434$53,909$45,678$33,117
16 years$80,633$68,251$57,512$48,270$40,370$28,520
17 years$75,102$62,857$52,334$43,370$35,795$24,629
18 years$70,190$58,083$47,774$39,085$31,827$21,319
19 years$65,801$53,830$43,735$35,317$28,368$18,492
20 years$61,856$50,022$40,138$31,986$25,339$16,066
21 years$58,291$46,593$36,919$29,029$22,676$13,980
22 years$55,055$43,493$34,027$26,394$20,325$12,180
23 years$52,104$40,678$31,417$24,038$18,245$10,623
24 years$49,403$38,113$29,056$21,924$16,399$9,274
25 years$46,922$35,767$26,912$20,022$14,757$8,104
26 years$44,636$33,615$24,959$18,307$13,292$7,086
27 years$42,523$31,636$23,177$16,757$11,984$6,199
28 years$40,564$29,810$21,546$15,353$10,814$5,427
29 years$38,743$28,123$20,050$14,079$9,764$4,753
30 years$37,047$26,559$18,676$12,921$8,823$4,164
31 years$35,464$25,107$17,411$11,867$7,977$3,650
32 years$33,982$23,756$16,245$10,906$7,215$3,200
33 years$32,594$22,498$15,168$10,029$6,530$2,807
34 years$31,289$21,323$14,172$9,228$5,912$2,462
35 years$30,062$20,224$13,250$8,494$5,355$2,160
36 years$28,906$19,196$12,395$7,823$4,852$1,896
37 years$27,815$18,231$11,601$7,208$4,397$1,664
38 years$26,783$17,326$10,864$6,644$3,987$1,461
39 years$25,807$16,476$10,179$6,126$3,615$1,282
40 years$24,882$15,675$9,540$5,650$3,279$1,126
41 years$24,005$14,921$8,946$5,213$2,975$989
42 years$23,171$14,211$8,392$4,811$2,699$868
43 years$22,379$13,540$7,874$4,441$2,450$763
44 years$21,624$12,906$7,391$4,101$2,224$670
45 years$20,905$12,307$6,940$3,787$2,019$588
46 years$20,220$11,741$6,518$3,498$1,833$517
47 years$19,565$11,204$6,124$3,232$1,664$454
48 years$18,940$10,696$5,755$2,986$1,511$399
49 years$18,342$10,214$5,409$2,760$1,373$350
50 years$17,770$9,757$5,085$2,551$1,247$308

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 $5,600 every year, while hoping to spend $53,641 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: 50/32/18 Blend
62$18,200,000$18,200,000$18,200,000$18,200,000
63$20,062,176$19,097,576$18,815,476$20,964,757
64$22,051,445$19,976,284$19,388,721$22,467,019
65$24,241,821$20,896,251$19,979,372$24,092,740
66$26,653,761$21,859,441$20,587,955$25,858,392
67$29,309,805$22,867,915$21,215,013$27,777,188
68$32,234,794$23,923,831$21,861,104$29,863,642
69$35,456,096$25,029,451$22,526,804$32,133,702
70$39,003,871$26,187,148$23,212,705$34,604,893
71$42,911,354$27,399,406$23,919,419$37,296,474
72$47,215,166$28,668,831$24,647,573$40,229,616
73$51,955,663$29,998,154$25,397,817$43,427,593
74$57,177,314$31,390,237$26,170,818$46,915,991
75$62,929,122$32,848,081$26,967,262$50,722,947
76$69,265,086$34,374,830$27,787,858$54,879,401
77$76,244,709$35,973,781$28,633,337$59,419,384
78$83,933,563$37,648,391$29,504,447$64,380,324
79$92,403,906$39,402,281$30,401,965$69,803,395
80$101,735,360$41,239,249$31,326,687$75,733,894
81$112,015,670$43,163,275$32,279,434$82,221,656
82$123,341,526$45,178,533$33,261,053$89,321,516
83$135,819,477$47,289,396$34,272,413$97,093,814
84$149,566,938$49,500,451$35,314,414$105,604,951
85$164,713,297$51,816,504$36,387,978$114,928,006
86$181,401,136$54,242,596$37,494,058$125,143,411
87$199,787,579$56,784,010$38,633,636$136,339,696
88$220,045,769$59,446,284$39,807,720$148,614,313
89$242,366,511$62,235,225$41,017,351$162,074,536
90$266,960,064$65,156,920$42,263,602$176,838,463
91$294,058,133$68,217,752$43,547,575$193,036,109
92$323,916,052$71,424,411$44,870,408$210,810,622
93$356,815,194$74,783,911$46,233,271$230,319,611
94$393,065,629$78,303,608$47,637,371$251,736,619
95$433,009,050$81,991,212$49,083,950$275,252,737
96$477,021,998$85,854,806$50,574,287$301,078,392
97$525,519,416$89,902,866$52,109,701$329,445,308
98$578,958,568$94,144,279$53,691,547$360,608,673
99$637,843,353$98,588,359$55,321,225$394,849,523
100$702,729,063$103,244,877$57,000,174$432,477,370