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

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,412,556
2 years$748,117$734,184$720,681$707,589$694,889$648,259
3 years$493,791$479,798$466,328$453,359$440,866$395,780
4 years$366,652$352,702$339,368$326,620$314,430$271,233
5 years$290,389$276,523$263,363$250,875$239,024$197,834
6 years$239,564$225,802$212,837$200,627$189,132$149,982
7 years$203,274$189,628$176,868$164,946$153,815$116,701
8 years$176,069$162,546$149,998$138,369$127,604$92,501
9 years$154,921$141,526$129,193$117,860$107,461$74,329
10 years$138,012$124,748$112,634$101,597$91,562$60,350
11 years$124,187$111,056$99,161$88,419$78,747$49,398
12 years$112,674$99,678$88,003$77,556$68,240$40,691
13 years$102,940$90,079$78,625$68,470$59,507$33,690
14 years$94,604$81,880$70,645$60,780$52,163$28,009
15 years$87,386$74,799$63,783$54,205$45,929$23,363
16 years$81,076$68,626$57,828$48,535$40,592$19,542
17 years$75,514$63,202$52,621$43,608$35,992$16,383
18 years$70,576$58,402$48,037$39,300$32,002$13,760
19 years$66,163$54,126$43,975$35,511$28,524$11,575
20 years$62,196$50,297$40,358$32,162$25,478$9,750
21 years$58,611$46,849$37,122$29,189$22,800$8,222
22 years$55,357$43,732$34,214$26,539$20,437$6,939
23 years$52,390$40,902$31,590$24,170$18,346$5,861
24 years$49,675$38,322$29,216$22,044$16,489$4,954
25 years$47,180$35,964$27,059$20,132$14,838$4,189
26 years$44,881$33,800$25,096$18,408$13,365$3,544
27 years$42,756$31,810$23,304$16,849$12,050$3,000
28 years$40,787$29,974$21,664$15,437$10,873$2,540
29 years$38,956$28,277$20,160$14,156$9,818$2,151
30 years$37,251$26,705$18,779$12,992$8,871$1,822
31 years$35,659$25,245$17,507$11,932$8,020$1,544
32 years$34,169$23,887$16,334$10,966$7,255$1,308
33 years$32,773$22,621$15,251$10,084$6,566$1,109
34 years$31,461$21,440$14,250$9,278$5,945$940
35 years$30,227$20,335$13,323$8,541$5,384$797
36 years$29,065$19,301$12,463$7,866$4,878$675
37 years$27,967$18,332$11,665$7,248$4,421$573
38 years$26,930$17,422$10,924$6,680$4,008$485
39 years$25,949$16,566$10,235$6,160$3,635$412
40 years$25,019$15,761$9,593$5,681$3,297$349
41 years$24,137$15,003$8,995$5,242$2,991$296
42 years$23,299$14,289$8,438$4,838$2,714$251
43 years$22,502$13,614$7,918$4,466$2,463$213
44 years$21,743$12,977$7,432$4,123$2,236$181
45 years$21,020$12,375$6,978$3,808$2,030$153
46 years$20,331$11,805$6,554$3,517$1,843$130
47 years$19,673$11,266$6,158$3,250$1,674$110
48 years$19,044$10,755$5,786$3,003$1,520$93
49 years$18,443$10,270$5,439$2,775$1,380$79
50 years$17,867$9,810$5,113$2,565$1,254$67

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 $4,872 every year, while hoping to spend $21,232 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: 37/41/22 Blend
62$18,300,000$18,300,000$18,300,000$18,300,000
63$20,171,625$19,201,725$18,918,075$20,784,324
64$22,206,541$20,120,019$19,529,240$22,149,750
65$24,448,305$21,082,598$20,160,168$23,621,303
66$26,917,996$22,091,609$20,811,497$25,210,401
67$29,638,838$23,149,304$21,483,889$26,927,633
68$32,636,426$24,258,046$22,178,024$28,784,604
69$35,938,961$25,420,310$22,894,608$30,794,040
70$39,577,524$26,638,694$23,634,367$32,969,896
71$43,586,363$27,915,922$24,398,050$35,327,477
72$48,003,220$29,254,850$25,186,432$37,883,578
73$52,869,684$30,658,473$26,000,313$40,656,626
74$58,231,587$32,129,933$26,840,519$43,666,847
75$64,139,433$33,672,525$27,707,901$46,936,446
76$70,648,879$35,289,702$28,603,339$50,489,800
77$77,821,256$36,985,089$29,527,742$54,353,683
78$85,724,150$38,762,484$30,482,048$58,557,499
79$94,432,041$40,625,874$31,467,224$63,133,551
80$104,027,004$42,579,436$32,484,271$68,117,328
81$114,599,484$44,627,554$33,534,219$73,547,830
82$126,249,152$46,774,825$34,618,136$79,467,913
83$139,085,842$49,026,068$35,737,120$85,924,687
84$153,230,592$51,386,339$36,892,307$92,969,935
85$168,816,782$53,860,940$38,084,870$100,660,588
86$185,991,400$56,455,432$39,316,019$109,059,247
87$204,916,420$59,175,646$40,587,003$118,234,747
88$225,770,341$62,027,698$41,899,113$128,262,793
89$248,749,863$65,018,003$43,253,681$139,226,650
90$274,071,752$68,153,287$44,652,082$151,217,906
91$301,974,879$71,440,607$46,095,736$164,337,318
92$332,722,481$74,887,361$47,586,107$178,695,733
93$366,604,643$78,501,311$49,124,711$194,415,112
94$403,941,036$82,290,594$50,713,108$211,629,654
95$445,083,937$86,263,749$52,352,912$230,487,034
96$490,421,553$90,429,727$54,045,789$251,149,770
97$540,381,686$94,797,917$55,793,457$273,796,722
98$595,435,772$99,378,169$57,597,692$298,624,754
99$656,103,332$104,180,811$59,460,326$325,850,553
100$722,956,876$109,216,675$61,383,251$355,712,645