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

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,428,296
2 years$752,205$738,196$724,619$711,455$698,687$659,721
3 years$496,489$482,419$468,877$455,836$443,275$405,510
4 years$368,656$354,629$341,222$328,404$316,148$279,872
5 years$291,976$278,034$264,802$252,246$240,331$205,645
6 years$240,873$227,035$214,000$201,723$190,165$157,103
7 years$204,385$190,664$177,835$165,848$154,655$123,219
8 years$177,031$163,434$150,818$139,126$128,302$98,475
9 years$155,768$142,299$129,899$118,504$108,048$79,805
10 years$138,767$125,430$113,249$102,152$92,063$65,367
11 years$124,866$111,663$99,703$88,903$79,177$53,988
12 years$113,290$100,222$88,484$77,980$68,613$44,885
13 years$103,503$90,572$79,054$68,844$59,832$37,516
14 years$95,121$82,327$71,031$61,112$52,448$31,493
15 years$87,863$75,207$64,131$54,501$46,180$26,530
16 years$81,519$69,001$58,144$48,800$40,814$22,415
17 years$75,927$63,548$52,909$43,846$36,188$18,985
18 years$70,962$58,721$48,299$39,514$32,177$16,112
19 years$66,524$54,422$44,216$35,705$28,680$13,698
20 years$62,536$50,571$40,579$32,337$25,617$11,662
21 years$58,932$47,105$37,325$29,348$22,925$9,940
22 years$55,660$43,971$34,400$26,684$20,549$8,482
23 years$52,677$41,125$31,763$24,302$18,446$7,244
24 years$49,946$38,532$29,375$22,165$16,580$6,191
25 years$47,438$36,160$27,207$20,242$14,919$5,294
26 years$45,127$33,985$25,233$18,508$13,439$4,530
27 years$42,990$31,984$23,431$16,941$12,116$3,878
28 years$41,010$30,138$21,783$15,522$10,932$3,321
29 years$39,169$28,432$20,270$14,234$9,872$2,845
30 years$37,454$26,851$18,881$13,063$8,920$2,438
31 years$35,854$25,383$17,602$11,997$8,064$2,089
32 years$34,356$24,017$16,423$11,026$7,295$1,791
33 years$32,952$22,745$15,335$10,139$6,602$1,536
34 years$31,633$21,557$14,328$9,329$5,977$1,317
35 years$30,392$20,446$13,395$8,588$5,414$1,130
36 years$29,223$19,407$12,531$7,909$4,905$969
37 years$28,120$18,432$11,729$7,287$4,446$831
38 years$27,078$17,517$10,984$6,717$4,030$713
39 years$26,091$16,657$10,290$6,193$3,655$612
40 years$25,156$15,848$9,645$5,712$3,315$525
41 years$24,269$15,085$9,044$5,270$3,008$451
42 years$23,426$14,367$8,484$4,864$2,729$387
43 years$22,625$13,689$7,961$4,490$2,477$332
44 years$21,862$13,048$7,473$4,146$2,248$285
45 years$21,135$12,443$7,017$3,829$2,041$244
46 years$20,442$11,870$6,590$3,537$1,853$210
47 years$19,780$11,327$6,191$3,267$1,683$180
48 years$19,148$10,813$5,818$3,019$1,528$155
49 years$18,543$10,326$5,469$2,790$1,388$133
50 years$17,965$9,864$5,141$2,579$1,261$114

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 $4,664 every year, while hoping to spend $46,661 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: 72/11/17 Blend
62$18,400,000$18,400,000$18,400,000$18,400,000
63$20,281,611$19,306,411$19,021,211$21,661,533
64$22,300,688$20,202,778$19,608,775$23,474,817
65$24,524,148$21,141,503$20,214,458$25,453,866
66$26,972,787$22,124,613$20,838,818$27,619,988
67$29,669,523$23,154,231$21,482,431$29,991,714
68$32,639,610$24,232,584$22,145,888$32,589,443
69$35,910,876$25,362,006$22,829,800$35,435,629
70$39,513,984$26,544,944$23,534,798$38,554,998
71$43,482,726$27,783,961$24,261,529$41,974,768
72$47,854,336$29,081,748$25,010,662$45,724,914
73$52,669,846$30,441,121$25,782,887$49,838,436
74$57,974,471$31,865,037$26,578,915$54,351,676
75$63,818,035$33,356,592$27,399,476$59,304,653
76$70,255,443$34,919,033$28,245,327$64,741,438
77$77,347,198$36,555,765$29,117,245$70,710,565
78$85,159,971$38,270,356$30,016,032$77,265,489
79$93,767,233$40,066,548$30,942,513$84,465,079
80$103,249,945$41,948,264$31,897,542$92,374,178
81$113,697,325$43,919,614$32,881,995$101,064,202
82$125,207,689$45,984,912$33,896,778$110,613,816
83$137,889,376$48,148,676$34,942,824$121,109,666
84$151,861,776$50,415,645$36,021,092$132,647,198
85$167,256,454$52,790,787$37,132,575$145,331,546
86$184,218,388$55,279,312$38,278,292$159,278,525
87$202,907,346$57,886,681$39,459,298$174,615,714
88$223,499,387$60,618,619$40,676,675$191,483,658
89$246,188,523$63,481,130$41,931,543$210,037,183
90$271,188,555$66,480,509$43,225,052$230,446,858
91$298,735,088$69,623,354$44,558,392$252,900,589
92$329,087,755$72,916,586$45,932,786$277,605,394
93$362,532,666$76,367,459$47,349,494$304,789,345
94$399,385,115$79,983,581$48,809,819$334,703,712
95$439,992,547$83,772,928$50,315,099$367,625,332
96$484,737,848$87,743,862$51,866,715$403,859,206
97$534,042,950$91,905,153$53,466,092$443,741,377
98$588,372,820$96,265,995$55,114,696$487,642,086
99$648,239,849$100,836,029$56,814,038$535,969,263
100$714,208,683$105,625,365$58,565,679$589,172,362