Can I retire at age 63 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,420,052
2 years$756,293$742,208$728,557$715,322$702,484$647,538
3 years$499,187$485,041$471,425$458,314$445,685$392,686
4 years$370,659$356,557$343,077$330,189$317,866$267,219
5 years$293,563$279,545$266,242$253,617$241,637$193,472
6 years$242,182$228,269$215,163$202,820$191,199$145,551
7 years$205,496$191,700$178,801$166,749$155,496$112,351
8 years$177,994$164,322$151,638$139,882$128,999$88,318
9 years$156,614$143,072$130,605$119,148$108,636$70,362
10 years$139,521$126,111$113,865$102,707$92,563$56,627
11 years$125,544$112,269$100,245$89,386$79,607$45,931
12 years$113,906$100,767$88,965$78,403$68,986$37,484
13 years$104,065$91,064$79,484$69,218$60,157$30,740
14 years$95,638$82,775$71,417$61,444$52,733$25,308
15 years$88,341$75,616$64,480$54,798$46,431$20,901
16 years$81,962$69,376$58,460$49,065$41,036$17,306
17 years$76,340$63,893$53,197$44,085$36,385$14,360
18 years$71,347$59,040$48,562$39,729$32,352$11,936
19 years$66,886$54,718$44,456$35,899$28,836$9,935
20 years$62,876$50,846$40,799$32,513$25,757$8,279
21 years$59,252$47,361$37,528$29,508$23,049$6,906
22 years$55,962$44,210$34,587$26,829$20,660$5,765
23 years$52,963$41,349$31,935$24,434$18,546$4,816
24 years$50,218$38,741$29,535$22,285$16,670$4,026
25 years$47,696$36,357$27,355$20,352$15,000$3,366
26 years$45,372$34,169$25,371$18,609$13,512$2,816
27 years$43,224$32,157$23,559$17,033$12,182$2,357
28 years$41,232$30,302$21,901$15,606$10,992$1,973
29 years$39,382$28,586$20,381$14,311$9,925$1,652
30 years$37,658$26,997$18,984$13,134$8,968$1,383
31 years$36,048$25,521$17,698$12,063$8,108$1,158
32 years$34,543$24,148$16,513$11,086$7,334$970
33 years$33,131$22,868$15,418$10,194$6,638$813
34 years$31,805$21,674$14,406$9,380$6,010$681
35 years$30,558$20,557$13,468$8,635$5,443$571
36 years$29,382$19,512$12,599$7,952$4,932$478
37 years$28,273$18,532$11,793$7,327$4,470$401
38 years$27,225$17,612$11,043$6,753$4,052$336
39 years$26,233$16,747$10,346$6,227$3,675$281
40 years$25,292$15,934$9,698$5,743$3,333$236
41 years$24,400$15,167$9,093$5,299$3,024$198
42 years$23,553$14,445$8,530$4,890$2,744$166
43 years$22,748$13,763$8,004$4,514$2,490$139
44 years$21,981$13,119$7,513$4,168$2,260$116
45 years$21,250$12,510$7,055$3,850$2,052$98
46 years$20,553$11,934$6,626$3,556$1,863$82
47 years$19,888$11,389$6,225$3,285$1,692$69
48 years$19,252$10,872$5,850$3,036$1,536$57
49 years$18,644$10,382$5,498$2,805$1,395$48
50 years$18,062$9,918$5,169$2,593$1,267$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $18,500,000, adding $2,614 every year, while hoping to spend $23,703 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: 63/20/17 Blend
62$18,500,000$18,500,000$18,500,000$18,500,000
63$20,389,696$19,409,196$19,122,446$21,587,303
64$22,444,226$20,335,027$19,737,828$23,318,266
65$24,707,522$21,305,429$20,373,032$25,204,838
66$27,200,856$22,322,562$21,028,694$27,264,516
67$29,947,664$23,388,688$21,705,477$29,514,163
68$32,973,775$24,506,183$22,404,059$31,972,329
69$36,307,650$25,677,536$23,125,145$34,659,417
70$39,980,653$26,905,357$23,869,460$37,597,879
71$44,027,344$28,192,385$24,637,752$40,812,415
72$48,485,812$29,541,490$25,430,795$44,330,206
73$53,398,025$30,955,683$26,249,386$48,181,160
74$58,810,233$32,438,121$27,094,351$52,398,195
75$64,773,403$33,992,116$27,966,538$57,017,539
76$71,343,699$35,621,139$28,866,826$62,079,067
77$78,583,013$37,328,831$29,796,121$67,626,671
78$86,559,548$39,119,011$30,755,359$73,708,668
79$95,348,463$40,995,684$31,745,505$80,378,248
80$105,032,583$42,963,049$32,767,555$87,693,968
81$115,703,178$45,025,510$33,822,540$95,720,299
82$127,460,827$47,187,685$34,911,520$104,528,225
83$140,416,369$49,454,419$36,035,593$114,195,905
84$154,691,944$51,830,790$37,195,891$124,809,401
85$170,422,150$54,322,127$38,393,581$136,463,482
86$187,755,313$56,934,015$39,629,870$149,262,510
87$206,854,887$59,672,314$40,906,003$163,321,411
88$227,900,997$62,543,169$42,223,265$178,766,754
89$251,092,138$65,553,023$43,582,984$195,737,931
90$276,647,049$68,708,635$44,986,527$214,388,465
91$304,806,783$72,017,093$46,435,311$234,887,442
92$335,836,974$75,485,830$47,930,793$257,421,099
93$370,030,351$79,122,641$49,474,480$282,194,565
94$407,709,501$82,935,704$51,067,929$309,433,788
95$449,229,908$86,933,592$52,712,743$339,387,650
96$494,983,320$91,125,299$54,410,581$372,330,301
97$545,401,437$95,520,257$56,163,153$408,563,734
98$600,959,990$100,128,357$57,972,226$448,420,616
99$662,183,236$104,959,973$59,839,623$492,267,414
100$729,648,901$110,025,986$61,767,225$540,507,834