Can I retire at age 63 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,435,857
2 years$752,205$738,196$724,619$711,455$698,687$667,220
3 years$496,489$482,419$468,877$455,836$443,275$412,709
4 years$368,656$354,629$341,222$328,404$316,148$286,717
5 years$291,976$278,034$264,802$252,246$240,331$212,118
6 years$240,873$227,035$214,000$201,723$190,165$163,202
7 years$204,385$190,664$177,835$165,848$154,655$128,946
8 years$177,031$163,434$150,818$139,126$128,302$103,838
9 years$155,768$142,299$129,899$118,504$108,048$84,813
10 years$138,767$125,430$113,249$102,152$92,063$70,031
11 years$124,866$111,663$99,703$88,903$79,177$58,322
12 years$113,290$100,222$88,484$77,980$68,613$48,902
13 years$103,503$90,572$79,054$68,844$59,832$41,231
14 years$95,121$82,327$71,031$61,112$52,448$34,920
15 years$87,863$75,207$64,131$54,501$46,180$29,686
16 years$81,519$69,001$58,144$48,800$40,814$25,315
17 years$75,927$63,548$52,909$43,846$36,188$21,643
18 years$70,962$58,721$48,299$39,514$32,177$18,545
19 years$66,524$54,422$44,216$35,705$28,680$15,920
20 years$62,536$50,571$40,579$32,337$25,617$13,687
21 years$58,932$47,105$37,325$29,348$22,925$11,784
22 years$55,660$43,971$34,400$26,684$20,549$10,157
23 years$52,677$41,125$31,763$24,302$18,446$8,763
24 years$49,946$38,532$29,375$22,165$16,580$7,567
25 years$47,438$36,160$27,207$20,242$14,919$6,538
26 years$45,127$33,985$25,233$18,508$13,439$5,653
27 years$42,990$31,984$23,431$16,941$12,116$4,891
28 years$41,010$30,138$21,783$15,522$10,932$4,233
29 years$39,169$28,432$20,270$14,234$9,872$3,665
30 years$37,454$26,851$18,881$13,063$8,920$3,174
31 years$35,854$25,383$17,602$11,997$8,064$2,750
32 years$34,356$24,017$16,423$11,026$7,295$2,383
33 years$32,952$22,745$15,335$10,139$6,602$2,066
34 years$31,633$21,557$14,328$9,329$5,977$1,791
35 years$30,392$20,446$13,395$8,588$5,414$1,553
36 years$29,223$19,407$12,531$7,909$4,905$1,347
37 years$28,120$18,432$11,729$7,287$4,446$1,168
38 years$27,078$17,517$10,984$6,717$4,030$1,013
39 years$26,091$16,657$10,290$6,193$3,655$879
40 years$25,156$15,848$9,645$5,712$3,315$763
41 years$24,269$15,085$9,044$5,270$3,008$662
42 years$23,426$14,367$8,484$4,864$2,729$574
43 years$22,625$13,689$7,961$4,490$2,477$498
44 years$21,862$13,048$7,473$4,146$2,248$432
45 years$21,135$12,443$7,017$3,829$2,041$375
46 years$20,442$11,870$6,590$3,537$1,853$326
47 years$19,780$11,327$6,191$3,267$1,683$283
48 years$19,148$10,813$5,818$3,019$1,528$245
49 years$18,543$10,326$5,469$2,790$1,388$213
50 years$17,965$9,864$5,141$2,579$1,261$185

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $18,400,000, adding $2,748 every year, while hoping to spend $37,629 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: 56/29/15 Blend
62$18,400,000$18,400,000$18,400,000$18,400,000
63$20,279,635$19,304,435$19,019,235$21,335,811
64$22,308,120$20,210,315$19,616,342$22,959,048
65$24,542,250$21,159,322$20,232,191$24,722,040
66$27,002,961$22,153,530$20,867,371$26,641,609
67$29,713,322$23,195,112$21,522,487$28,732,749
68$32,698,756$24,286,348$22,198,165$31,011,937
69$35,987,276$25,429,626$22,895,051$33,497,289
70$39,609,753$26,627,452$23,613,809$36,208,721
71$43,600,203$27,882,453$24,355,127$39,168,130
72$47,996,112$29,197,381$25,119,713$42,399,598
73$52,838,788$30,575,125$25,908,295$45,929,606
74$58,173,749$32,018,711$26,721,628$49,787,285
75$64,051,157$33,531,313$27,560,488$54,004,675
76$70,526,286$35,116,259$28,425,675$58,617,025
77$77,660,049$36,777,037$29,318,017$63,663,112
78$85,519,568$38,517,306$30,238,365$69,185,607
79$94,178,811$40,340,901$31,187,597$75,231,458
80$103,719,289$42,251,844$32,166,620$81,852,332
81$114,230,824$44,254,352$33,176,370$89,105,088
82$125,812,398$46,352,846$34,217,809$97,052,305
83$138,573,090$48,551,962$35,291,932$105,762,860
84$152,633,098$50,856,561$36,399,765$115,312,570
85$168,124,882$53,271,741$37,542,365$125,784,892
86$185,194,409$55,802,845$38,720,824$137,271,701
87$204,002,533$58,455,479$39,936,265$149,874,143
88$224,726,512$61,235,518$41,189,851$163,703,574
89$247,561,682$64,149,124$42,482,776$178,882,600
90$272,723,300$67,202,758$43,816,276$195,546,219
91$300,448,579$70,403,195$45,191,624$213,843,078
92$330,998,923$73,757,541$46,610,132$233,936,858
93$364,662,397$77,273,243$48,073,155$256,007,807
94$401,756,444$80,958,115$49,582,089$280,254,420
95$442,630,887$84,820,348$51,138,374$306,895,293
96$487,671,224$88,868,532$52,743,496$336,171,170
97$537,302,274$93,111,675$54,398,988$368,347,192
98$591,992,181$97,559,222$56,106,429$403,715,380
99$652,256,838$102,221,078$57,867,449$442,597,367
100$718,664,756$107,107,632$59,683,729$485,347,413