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%14%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,442,935
2 years$752,205$738,196$724,619$711,455$698,687$674,269
3 years$496,489$482,419$468,877$455,836$443,275$419,507
4 years$368,656$354,629$341,222$328,404$316,148$293,211
5 years$291,976$278,034$264,802$252,246$240,331$218,292
6 years$240,873$227,035$214,000$201,723$190,165$169,051
7 years$204,385$190,664$177,835$165,848$154,655$134,471
8 years$177,031$163,434$150,818$139,126$128,302$109,043
9 years$155,768$142,299$129,899$118,504$108,048$89,705
10 years$138,767$125,430$113,249$102,152$92,063$74,619
11 years$124,866$111,663$99,703$88,903$79,177$62,615
12 years$113,290$100,222$88,484$77,980$68,613$52,911
13 years$103,503$90,572$79,054$68,844$59,832$44,967
14 years$95,121$82,327$71,031$61,112$52,448$38,395
15 years$87,863$75,207$64,131$54,501$46,180$32,912
16 years$81,519$69,001$58,144$48,800$40,814$28,304
17 years$75,927$63,548$52,909$43,846$36,188$24,408
18 years$70,962$58,721$48,299$39,514$32,177$21,097
19 years$66,524$54,422$44,216$35,705$28,680$18,272
20 years$62,536$50,571$40,579$32,337$25,617$15,852
21 years$58,932$47,105$37,325$29,348$22,925$13,773
22 years$55,660$43,971$34,400$26,684$20,549$11,981
23 years$52,677$41,125$31,763$24,302$18,446$10,434
24 years$49,946$38,532$29,375$22,165$16,580$9,095
25 years$47,438$36,160$27,207$20,242$14,919$7,934
26 years$45,127$33,985$25,233$18,508$13,439$6,926
27 years$42,990$31,984$23,431$16,941$12,116$6,050
28 years$41,010$30,138$21,783$15,522$10,932$5,288
29 years$39,169$28,432$20,270$14,234$9,872$4,623
30 years$37,454$26,851$18,881$13,063$8,920$4,044
31 years$35,854$25,383$17,602$11,997$8,064$3,539
32 years$34,356$24,017$16,423$11,026$7,295$3,098
33 years$32,952$22,745$15,335$10,139$6,602$2,712
34 years$31,633$21,557$14,328$9,329$5,977$2,375
35 years$30,392$20,446$13,395$8,588$5,414$2,080
36 years$29,223$19,407$12,531$7,909$4,905$1,823
37 years$28,120$18,432$11,729$7,287$4,446$1,597
38 years$27,078$17,517$10,984$6,717$4,030$1,400
39 years$26,091$16,657$10,290$6,193$3,655$1,227
40 years$25,156$15,848$9,645$5,712$3,315$1,075
41 years$24,269$15,085$9,044$5,270$3,008$943
42 years$23,426$14,367$8,484$4,864$2,729$826
43 years$22,625$13,689$7,961$4,490$2,477$724
44 years$21,862$13,048$7,473$4,146$2,248$635
45 years$21,135$12,443$7,017$3,829$2,041$557
46 years$20,442$11,870$6,590$3,537$1,853$488
47 years$19,780$11,327$6,191$3,267$1,683$428
48 years$19,148$10,813$5,818$3,019$1,528$376
49 years$18,543$10,326$5,469$2,790$1,388$329
50 years$17,965$9,864$5,141$2,579$1,261$289

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 $2,202 every year, while hoping to spend $46,026 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: 66/22/12 Blend
62$18,400,000$18,400,000$18,400,000$18,400,000
63$20,279,071$19,303,871$19,018,671$21,562,831
64$22,298,565$20,200,790$19,606,826$23,315,791
65$24,522,505$21,140,115$20,213,140$25,225,406
66$26,971,696$22,123,875$20,838,175$27,311,431
67$29,669,062$23,154,199$21,482,508$29,591,102
68$32,639,867$24,233,315$22,146,732$32,083,383
69$35,911,948$25,363,562$22,831,462$34,809,135
70$39,515,979$26,547,389$23,537,329$37,791,312
71$43,485,764$27,787,366$24,264,984$41,055,174
72$47,858,550$29,086,185$25,015,100$44,628,517
73$52,675,383$30,446,669$25,788,367$48,541,932
74$57,981,494$31,871,778$26,585,499$52,829,087
75$63,826,725$33,364,613$27,407,231$57,527,041
76$70,266,000$34,928,428$28,254,322$62,676,585
77$77,359,842$36,566,632$29,127,553$68,322,625
78$85,174,948$38,282,798$30,027,728$74,514,594
79$93,784,813$40,080,676$30,955,677$81,306,915
80$103,270,428$41,964,193$31,912,256$88,759,508
81$113,721,042$43,937,469$32,898,347$96,938,344
82$125,235,006$46,004,822$33,914,859$105,916,066
83$137,920,697$48,170,780$34,962,728$115,772,661
84$151,897,549$50,440,088$36,042,919$126,596,209
85$167,297,171$52,817,724$37,156,429$138,483,706
86$184,264,595$55,308,906$38,304,283$151,541,968
87$202,959,645$57,919,103$39,487,537$165,888,631
88$223,558,442$60,654,053$40,707,283$181,653,251
89$246,255,069$63,519,767$41,964,643$198,978,516
90$271,263,402$66,522,552$43,260,775$218,021,581
91$298,819,131$69,669,019$44,596,872$238,955,541
92$329,181,980$72,966,098$45,974,165$261,971,053
93$362,638,163$76,421,058$47,393,921$287,278,120
94$399,503,085$80,041,519$48,857,446$315,108,063
95$440,124,318$83,835,472$50,366,089$345,715,689
96$484,884,882$87,811,293$51,921,236$379,381,684
97$534,206,861$91,977,769$53,524,320$416,415,241
98$588,555,390$96,344,108$55,176,813$457,156,972
99$648,443,041$100,919,971$56,880,238$501,982,098
100$714,434,665$105,715,483$58,636,159$551,303,979