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%13.4%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,438,649
2 years$748,117$734,184$720,681$707,589$694,889$674,156
3 years$493,791$479,798$466,328$453,359$440,866$420,663
4 years$366,652$352,702$339,368$326,620$314,430$294,912
5 years$290,389$276,523$263,363$250,875$239,024$220,249
6 years$239,564$225,802$212,837$200,627$189,132$171,121
7 years$203,274$189,628$176,868$164,946$153,815$136,575
8 years$176,069$162,546$149,998$138,369$127,604$111,133
9 years$154,921$141,526$129,193$117,860$107,461$91,751
10 years$138,012$124,748$112,634$101,597$91,562$76,601
11 years$124,187$111,056$99,161$88,419$78,747$64,520
12 years$112,674$99,678$88,003$77,556$68,240$54,731
13 years$102,940$90,079$78,625$68,470$59,507$46,697
14 years$94,604$81,880$70,645$60,780$52,163$40,033
15 years$87,386$74,799$63,783$54,205$45,929$34,457
16 years$81,076$68,626$57,828$48,535$40,592$29,757
17 years$75,514$63,202$52,621$43,608$35,992$25,771
18 years$70,576$58,402$48,037$39,300$32,002$22,372
19 years$66,163$54,126$43,975$35,511$28,524$19,462
20 years$62,196$50,297$40,358$32,162$25,478$16,960
21 years$58,611$46,849$37,122$29,189$22,800$14,802
22 years$55,357$43,732$34,214$26,539$20,437$12,935
23 years$52,390$40,902$31,590$24,170$18,346$11,317
24 years$49,675$38,322$29,216$22,044$16,489$9,911
25 years$47,180$35,964$27,059$20,132$14,838$8,687
26 years$44,881$33,800$25,096$18,408$13,365$7,620
27 years$42,756$31,810$23,304$16,849$12,050$6,688
28 years$40,787$29,974$21,664$15,437$10,873$5,874
29 years$38,956$28,277$20,160$14,156$9,818$5,161
30 years$37,251$26,705$18,779$12,992$8,871$4,537
31 years$35,659$25,245$17,507$11,932$8,020$3,990
32 years$34,169$23,887$16,334$10,966$7,255$3,510
33 years$32,773$22,621$15,251$10,084$6,566$3,088
34 years$31,461$21,440$14,250$9,278$5,945$2,718
35 years$30,227$20,335$13,323$8,541$5,384$2,393
36 years$29,065$19,301$12,463$7,866$4,878$2,107
37 years$27,967$18,332$11,665$7,248$4,421$1,856
38 years$26,930$17,422$10,924$6,680$4,008$1,635
39 years$25,949$16,566$10,235$6,160$3,635$1,440
40 years$25,019$15,761$9,593$5,681$3,297$1,269
41 years$24,137$15,003$8,995$5,242$2,991$1,118
42 years$23,299$14,289$8,438$4,838$2,714$985
43 years$22,502$13,614$7,918$4,466$2,463$868
44 years$21,743$12,977$7,432$4,123$2,236$765
45 years$21,020$12,375$6,978$3,808$2,030$675
46 years$20,331$11,805$6,554$3,517$1,843$595
47 years$19,673$11,266$6,158$3,250$1,674$524
48 years$19,044$10,755$5,786$3,003$1,520$462
49 years$18,443$10,270$5,439$2,775$1,380$407
50 years$17,867$9,810$5,113$2,565$1,254$359

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 $5,414 every year, while hoping to spend $33,301 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: 73/20/7 Blend
62$18,300,000$18,300,000$18,300,000$18,300,000
63$20,172,185$19,202,285$18,918,635$21,624,540
64$22,194,315$20,107,764$19,516,977$23,488,072
65$24,421,587$21,056,497$20,134,247$25,523,621
66$26,874,890$22,050,566$20,771,045$27,751,929
67$29,577,242$23,092,157$21,427,988$30,192,018
68$32,554,009$24,183,560$22,105,714$32,864,821
69$35,833,142$25,327,180$22,804,880$35,793,374
70$39,445,444$26,525,533$23,526,165$39,003,035
71$43,424,856$27,781,261$24,270,268$42,521,713
72$47,808,782$29,097,133$25,037,913$46,380,131
73$52,638,437$30,476,052$25,829,843$50,612,109
74$57,959,242$31,921,063$26,646,827$55,254,880
75$63,821,247$33,435,357$27,489,658$60,349,434
76$70,279,607$35,022,282$28,359,154$65,940,902
77$77,395,100$36,685,347$29,256,158$72,078,977
78$85,234,703$38,428,232$30,181,543$78,818,373
79$93,872,223$40,254,795$31,136,204$86,219,339
80$103,388,992$42,169,083$32,121,070$94,348,221
81$113,874,638$44,175,337$33,137,095$103,278,079
82$125,427,930$46,278,007$34,185,266$113,089,374
83$138,157,707$48,481,758$35,266,600$123,870,715
84$152,183,909$50,791,480$36,382,147$135,719,692
85$167,638,708$53,212,303$37,532,990$148,743,786
86$184,667,756$55,749,605$38,720,245$163,061,377
87$203,431,559$58,409,028$39,945,065$178,802,854
88$224,106,992$61,196,484$41,208,638$196,111,832
89$246,888,970$64,118,176$42,512,192$215,146,501
90$271,992,286$67,180,608$43,856,992$236,081,113
91$299,653,640$70,390,599$45,244,342$259,107,606
92$330,133,874$73,755,301$46,675,591$284,437,417
93$363,720,432$77,282,214$48,152,126$312,303,456
94$400,730,076$80,979,202$49,675,381$342,962,299
95$441,511,873$84,854,512$51,246,836$376,696,596
96$486,450,494$88,916,793$52,868,015$413,817,723
97$535,969,844$93,175,116$54,540,493$454,668,711
98$590,537,061$97,638,989$56,265,893$499,627,468
99$650,666,931$102,318,389$58,045,890$549,110,333
100$716,926,742$107,223,775$59,882,212$603,575,986