Can I retire at age 63 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,425,728
2 years$748,117$734,184$720,681$707,589$694,889$661,284
3 years$493,791$479,798$466,328$453,359$440,866$408,245
4 years$366,652$352,702$339,368$326,620$314,430$283,043
5 years$290,389$276,523$263,363$250,875$239,024$208,961
6 years$239,564$225,802$212,837$200,627$189,132$160,423
7 years$203,274$189,628$176,868$164,946$153,815$126,465
8 years$176,069$162,546$149,998$138,369$127,604$101,602
9 years$154,921$141,526$129,193$117,860$107,461$82,788
10 years$138,012$124,748$112,634$101,597$91,562$68,190
11 years$124,187$111,056$99,161$88,419$78,747$56,645
12 years$112,674$99,678$88,003$77,556$68,240$47,372
13 years$102,940$90,079$78,625$68,470$59,507$39,835
14 years$94,604$81,880$70,645$60,780$52,163$33,646
15 years$87,386$74,799$63,783$54,205$45,929$28,523
16 years$81,076$68,626$57,828$48,535$40,592$24,254
17 years$75,514$63,202$52,621$43,608$35,992$20,677
18 years$70,576$58,402$48,037$39,300$32,002$17,665
19 years$66,163$54,126$43,975$35,511$28,524$15,119
20 years$62,196$50,297$40,358$32,162$25,478$12,960
21 years$58,611$46,849$37,122$29,189$22,800$11,123
22 years$55,357$43,732$34,214$26,539$20,437$9,558
23 years$52,390$40,902$31,590$24,170$18,346$8,220
24 years$49,675$38,322$29,216$22,044$16,489$7,076
25 years$47,180$35,964$27,059$20,132$14,838$6,095
26 years$44,881$33,800$25,096$18,408$13,365$5,253
27 years$42,756$31,810$23,304$16,849$12,050$4,530
28 years$40,787$29,974$21,664$15,437$10,873$3,908
29 years$38,956$28,277$20,160$14,156$9,818$3,372
30 years$37,251$26,705$18,779$12,992$8,871$2,911
31 years$35,659$25,245$17,507$11,932$8,020$2,514
32 years$34,169$23,887$16,334$10,966$7,255$2,171
33 years$32,773$22,621$15,251$10,084$6,566$1,876
34 years$31,461$21,440$14,250$9,278$5,945$1,621
35 years$30,227$20,335$13,323$8,541$5,384$1,401
36 years$29,065$19,301$12,463$7,866$4,878$1,211
37 years$27,967$18,332$11,665$7,248$4,421$1,047
38 years$26,930$17,422$10,924$6,680$4,008$905
39 years$25,949$16,566$10,235$6,160$3,635$782
40 years$25,019$15,761$9,593$5,681$3,297$676
41 years$24,137$15,003$8,995$5,242$2,991$585
42 years$23,299$14,289$8,438$4,838$2,714$506
43 years$22,502$13,614$7,918$4,466$2,463$437
44 years$21,743$12,977$7,432$4,123$2,236$378
45 years$21,020$12,375$6,978$3,808$2,030$327
46 years$20,331$11,805$6,554$3,517$1,843$283
47 years$19,673$11,266$6,158$3,250$1,674$245
48 years$19,044$10,755$5,786$3,003$1,520$212
49 years$18,443$10,270$5,439$2,775$1,380$183
50 years$17,867$9,810$5,113$2,565$1,254$158

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $18,300,000, adding $3,657 every year, while hoping to spend $45,404 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: 70/20/10 Blend
62$18,300,000$18,300,000$18,300,000$18,300,000
63$20,170,372$19,200,472$18,916,822$21,542,419
64$22,179,441$20,092,986$19,502,226$23,344,369
65$24,391,912$21,027,711$20,105,720$25,309,674
66$26,828,486$22,006,668$20,727,860$27,459,064
67$29,511,972$23,031,974$21,369,223$29,810,636
68$32,467,503$24,105,851$22,030,402$32,384,305
69$35,722,775$25,230,625$22,712,008$35,201,990
70$39,308,308$26,408,735$23,414,670$38,287,808
71$43,257,733$27,642,741$24,139,039$41,668,307
72$47,608,108$28,935,321$24,885,783$45,372,705
73$52,400,271$30,289,288$25,655,593$49,433,167
74$57,679,223$31,707,587$26,449,179$53,885,097
75$63,494,553$33,193,308$27,267,276$58,767,473
76$69,900,907$34,749,689$28,110,639$64,123,205
77$76,958,500$36,380,125$28,980,046$69,999,538
78$84,733,690$38,088,175$29,876,301$76,448,489
79$93,299,601$39,877,570$30,800,231$83,527,334
80$102,736,812$41,752,222$31,752,690$91,299,142
81$113,134,118$43,716,232$32,734,557$99,833,361
82$124,589,372$45,773,901$33,746,738$109,206,470
83$137,210,402$47,929,737$34,790,168$119,502,690
84$151,116,034$50,188,464$35,865,810$130,814,775
85$166,437,210$52,555,041$36,974,656$143,244,877
86$183,318,228$55,034,660$38,117,729$156,905,501
87$201,918,099$57,632,770$39,296,085$171,920,563
88$222,412,052$60,355,082$40,510,810$188,426,543
89$244,993,184$63,207,584$41,763,025$206,573,771
90$269,874,288$66,196,554$43,053,885$226,527,830
91$297,289,855$69,328,576$44,384,580$248,471,112
92$327,498,295$72,610,551$45,756,339$272,604,530
93$360,784,369$76,049,716$47,170,424$299,149,397
94$397,461,882$79,653,659$48,628,141$328,349,509
95$437,876,643$83,430,338$50,130,832$360,473,432
96$482,409,730$87,388,093$51,679,884$395,817,023
97$531,481,086$91,535,673$53,276,724$434,706,210
98$585,553,485$95,882,250$54,922,823$477,500,053
99$645,136,902$100,437,441$56,619,698$524,594,121
100$710,793,320$105,211,330$58,368,913$576,424,206