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%16%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,446,747
2 years$760,381$746,220$732,495$719,188$706,281$669,790
3 years$501,886$487,663$473,973$460,791$448,094$412,696
4 years$372,663$358,484$344,931$331,974$319,584$285,552
5 years$295,150$281,056$267,681$254,988$242,943$210,371
6 years$243,491$229,503$216,326$203,916$192,232$161,153
7 years$206,606$192,736$179,768$167,650$156,336$126,753
8 years$178,956$165,211$152,457$140,638$129,696$101,597
9 years$157,461$143,846$131,311$119,792$109,223$82,584
10 years$140,275$126,793$114,480$103,262$93,063$67,854
11 years$126,223$112,876$100,787$89,869$80,038$56,222
12 years$114,521$101,312$89,446$78,827$69,359$46,896
13 years$104,628$91,556$79,914$69,593$60,482$39,329
14 years$96,155$83,222$71,803$61,776$53,018$33,128
15 years$88,818$76,025$64,828$55,094$46,682$28,005
16 years$82,405$69,751$58,776$49,330$41,257$23,746
17 years$76,752$64,238$53,484$44,323$36,582$20,185
18 years$71,733$59,359$48,824$39,944$32,527$17,194
19 years$67,248$55,013$44,696$36,093$28,992$14,672
20 years$63,216$51,121$41,020$32,689$25,896$12,539
21 years$59,572$47,617$37,730$29,667$23,174$10,729
22 years$56,265$44,449$34,774$26,974$20,772$9,191
23 years$53,249$41,572$32,108$24,566$18,646$7,880
24 years$50,489$38,951$29,694$22,406$16,760$6,761
25 years$47,954$36,553$27,503$20,462$15,081$5,805
26 years$45,617$34,354$25,508$18,710$13,585$4,987
27 years$43,457$32,331$23,686$17,125$12,248$4,287
28 years$41,455$30,466$22,019$15,690$11,051$3,686
29 years$39,595$28,741$20,491$14,388$9,979$3,171
30 years$37,862$27,143$19,086$13,205$9,017$2,728
31 years$36,243$25,659$17,794$12,128$8,152$2,348
32 years$34,729$24,278$16,602$11,146$7,374$2,021
33 years$33,310$22,992$15,501$10,249$6,673$1,740
34 years$31,977$21,791$14,483$9,430$6,042$1,499
35 years$30,723$20,669$13,541$8,681$5,473$1,291
36 years$29,541$19,618$12,667$7,995$4,958$1,112
37 years$28,426$18,632$11,856$7,366$4,494$958
38 years$27,372$17,707$11,103$6,790$4,074$825
39 years$26,374$16,838$10,402$6,261$3,695$711
40 years$25,429$16,020$9,750$5,774$3,351$613
41 years$24,532$15,249$9,142$5,328$3,040$528
42 years$23,681$14,523$8,576$4,917$2,759$455
43 years$22,871$13,837$8,047$4,539$2,504$392
44 years$22,099$13,190$7,554$4,191$2,273$338
45 years$21,365$12,578$7,093$3,870$2,063$291
46 years$20,664$11,999$6,662$3,575$1,873$251
47 years$19,995$11,450$6,259$3,303$1,701$216
48 years$19,356$10,931$5,881$3,052$1,545$187
49 years$18,745$10,439$5,528$2,821$1,403$161
50 years$18,160$9,971$5,197$2,607$1,274$139

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 $4,823 every year, while hoping to spend $35,133 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: 56/26/18 Blend
62$18,600,000$18,600,000$18,600,000$18,600,000
63$20,502,175$19,516,375$19,228,075$21,551,820
64$22,556,016$20,435,296$19,834,834$23,186,002
65$24,818,170$21,398,067$20,460,742$24,961,136
66$27,309,850$22,406,799$21,106,404$26,894,128
67$30,054,429$23,463,706$21,772,442$29,000,121
68$33,077,662$24,571,109$22,459,501$31,295,763
69$36,407,932$25,731,441$23,168,242$33,799,357
70$40,076,515$26,947,256$23,899,352$36,531,027
71$44,117,874$28,221,226$24,653,535$39,512,902
72$48,569,989$29,556,158$25,431,521$42,769,320
73$53,474,711$30,954,993$26,234,059$46,327,051
74$58,878,158$32,420,814$27,061,927$50,215,540
75$64,831,151$33,956,854$27,915,922$54,467,181
76$71,389,693$35,566,505$28,796,870$59,117,613
77$78,615,497$37,253,319$29,705,621$64,206,048
78$86,576,572$39,021,026$30,643,053$69,775,635
79$95,347,858$40,873,532$31,610,071$75,873,856
80$105,011,941$42,814,936$32,607,610$82,552,968
81$115,659,825$44,849,535$33,636,631$89,870,482
82$127,391,799$46,981,834$34,698,130$97,889,704
83$140,318,377$49,216,558$35,793,132$106,680,311
84$154,561,343$51,558,661$36,922,693$116,319,009
85$170,254,902$54,013,337$38,087,905$126,890,237
86$187,546,945$56,586,034$39,289,894$138,486,957
87$206,600,448$59,282,463$40,529,819$151,211,519
88$227,595,004$62,108,615$41,808,879$165,176,610
89$250,728,526$65,070,769$43,128,308$180,506,309
90$276,219,111$68,175,512$44,489,382$197,337,241
91$304,307,099$71,429,750$45,893,414$215,819,853
92$335,257,340$74,840,725$47,341,761$236,119,817
93$369,361,700$78,416,032$48,835,821$258,419,582
94$406,941,811$82,163,635$50,377,038$282,920,074
95$448,352,107$86,091,884$51,966,900$309,842,575
96$493,983,173$90,209,538$53,606,943$339,430,798
97$544,265,432$94,525,780$55,298,750$371,953,166
98$599,673,204$99,050,242$57,043,957$407,705,321
99$660,729,189$103,793,022$58,844,247$447,012,901
100$728,009,398$108,764,711$60,701,361$490,234,585