Can I retire at age 63 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,463,443
2 years$760,381$746,220$732,495$719,188$706,281$686,418
3 years$501,886$487,663$473,973$460,791$448,094$428,732
4 years$372,663$358,484$344,931$331,974$319,584$300,873
5 years$295,150$281,056$267,681$254,988$242,943$224,936
6 years$243,491$229,503$216,326$203,916$192,232$174,952
7 years$206,606$192,736$179,768$167,650$156,336$139,788
8 years$178,956$165,211$152,457$140,638$129,696$113,879
9 years$157,461$143,846$131,311$119,792$109,223$94,129
10 years$140,275$126,793$114,480$103,262$93,063$78,682
11 years$126,223$112,876$100,787$89,869$80,038$66,355
12 years$114,521$101,312$89,446$78,827$69,359$56,360
13 years$104,628$91,556$79,914$69,593$60,482$48,150
14 years$96,155$83,222$71,803$61,776$53,018$41,334
15 years$88,818$76,025$64,828$55,094$46,682$35,625
16 years$82,405$69,751$58,776$49,330$41,257$30,809
17 years$76,752$64,238$53,484$44,323$36,582$26,719
18 years$71,733$59,359$48,824$39,944$32,527$23,229
19 years$67,248$55,013$44,696$36,093$28,992$20,236
20 years$63,216$51,121$41,020$32,689$25,896$17,661
21 years$59,572$47,617$37,730$29,667$23,174$15,437
22 years$56,265$44,449$34,774$26,974$20,772$13,511
23 years$53,249$41,572$32,108$24,566$18,646$11,839
24 years$50,489$38,951$29,694$22,406$16,760$10,384
25 years$47,954$36,553$27,503$20,462$15,081$9,116
26 years$45,617$34,354$25,508$18,710$13,585$8,009
27 years$43,457$32,331$23,686$17,125$12,248$7,041
28 years$41,455$30,466$22,019$15,690$11,051$6,194
29 years$39,595$28,741$20,491$14,388$9,979$5,451
30 years$37,862$27,143$19,086$13,205$9,017$4,800
31 years$36,243$25,659$17,794$12,128$8,152$4,228
32 years$34,729$24,278$16,602$11,146$7,374$3,725
33 years$33,310$22,992$15,501$10,249$6,673$3,284
34 years$31,977$21,791$14,483$9,430$6,042$2,895
35 years$30,723$20,669$13,541$8,681$5,473$2,553
36 years$29,541$19,618$12,667$7,995$4,958$2,252
37 years$28,426$18,632$11,856$7,366$4,494$1,986
38 years$27,372$17,707$11,103$6,790$4,074$1,753
39 years$26,374$16,838$10,402$6,261$3,695$1,547
40 years$25,429$16,020$9,750$5,774$3,351$1,365
41 years$24,532$15,249$9,142$5,328$3,040$1,205
42 years$23,681$14,523$8,576$4,917$2,759$1,064
43 years$22,871$13,837$8,047$4,539$2,504$939
44 years$22,099$13,190$7,554$4,191$2,273$829
45 years$21,365$12,578$7,093$3,870$2,063$732
46 years$20,664$11,999$6,662$3,575$1,873$646
47 years$19,995$11,450$6,259$3,303$1,701$571
48 years$19,356$10,931$5,881$3,052$1,545$504
49 years$18,745$10,439$5,528$2,821$1,403$445
50 years$18,160$9,971$5,197$2,607$1,274$393

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $18,600,000, adding $5,678 every year, while hoping to spend $44,627 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: 52/37/11 Blend
62$18,600,000$18,600,000$18,600,000$18,600,000
63$20,503,057$19,517,257$19,228,957$21,509,910
64$22,546,886$20,426,120$19,825,644$23,105,690
65$24,797,690$21,378,021$20,440,825$24,835,001
66$27,276,533$22,375,023$21,075,071$26,714,663
67$30,006,626$23,419,286$21,728,973$28,758,884
68$33,013,548$24,513,077$22,403,139$30,983,269
69$36,325,482$25,658,770$23,098,197$33,404,962
70$39,973,487$26,858,856$23,814,793$36,042,801
71$43,991,787$28,115,944$24,553,592$38,917,486
72$48,418,096$29,432,771$25,315,284$42,051,770
73$53,293,970$30,812,206$26,100,575$45,470,661
74$58,665,207$32,257,255$26,910,196$49,201,651
75$64,582,270$33,771,073$27,744,899$53,274,969
76$71,100,770$35,356,964$28,605,462$57,723,852
77$78,281,987$37,018,393$29,492,683$62,584,854
78$86,193,449$38,758,994$30,407,387$67,898,173
79$94,909,572$40,582,576$31,350,426$73,708,029
80$104,512,357$42,493,131$32,322,674$80,063,061
81$115,092,170$44,494,847$33,325,036$87,016,781
82$126,748,590$46,592,113$34,358,443$94,628,060
83$139,591,350$48,789,531$35,423,855$102,961,676
84$153,741,376$51,091,926$36,522,262$112,088,910
85$169,331,923$53,504,357$37,654,685$122,088,202
86$186,509,838$56,032,129$38,822,175$133,045,879
87$205,436,940$58,680,802$40,025,817$145,056,952
88$226,291,554$61,456,208$41,266,729$158,226,000
89$249,270,191$64,364,460$42,546,062$172,668,135
90$274,589,401$67,411,969$43,865,005$188,510,072
91$302,487,820$70,605,456$45,224,783$205,891,307
92$333,228,422$73,951,968$46,626,658$224,965,414
93$367,101,002$77,458,895$48,071,932$245,901,474
94$404,424,908$81,133,984$49,561,945$268,885,644
95$445,552,059$84,985,361$51,098,082$294,122,902
96$490,870,269$89,021,543$52,681,767$321,838,946
97$540,806,900$93,251,463$54,314,470$352,282,308
98$595,832,906$97,684,486$55,997,706$385,726,670
99$656,467,271$102,330,434$57,733,038$422,473,421
100$723,281,912$107,199,605$59,522,075$462,854,472