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

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,440,910
2 years$760,381$746,220$732,495$719,188$706,281$664,014
3 years$501,886$487,663$473,973$460,791$448,094$407,163
4 years$372,663$358,484$344,931$331,974$319,584$280,305
5 years$295,150$281,056$267,681$254,988$242,943$205,422
6 years$243,491$229,503$216,326$203,916$192,232$156,504
7 years$206,606$192,736$179,768$167,650$156,336$122,401
8 years$178,956$165,211$152,457$140,638$129,696$97,535
9 years$157,461$143,846$131,311$119,792$109,223$78,804
10 years$140,275$126,793$114,480$103,262$93,063$64,346
11 years$126,223$112,876$100,787$89,869$80,038$52,975
12 years$114,521$101,312$89,446$78,827$69,359$43,898
13 years$104,628$91,556$79,914$69,593$60,482$36,568
14 years$96,155$83,222$71,803$61,776$53,018$30,591
15 years$88,818$76,025$64,828$55,094$46,682$25,680
16 years$82,405$69,751$58,776$49,330$41,257$21,619
17 years$76,752$64,238$53,484$44,323$36,582$18,244
18 years$71,733$59,359$48,824$39,944$32,527$15,426
19 years$67,248$55,013$44,696$36,093$28,992$13,065
20 years$63,216$51,121$41,020$32,689$25,896$11,081
21 years$59,572$47,617$37,730$29,667$23,174$9,409
22 years$56,265$44,449$34,774$26,974$20,772$7,997
23 years$53,249$41,572$32,108$24,566$18,646$6,803
24 years$50,489$38,951$29,694$22,406$16,760$5,791
25 years$47,954$36,553$27,503$20,462$15,081$4,933
26 years$45,617$34,354$25,508$18,710$13,585$4,204
27 years$43,457$32,331$23,686$17,125$12,248$3,584
28 years$41,455$30,466$22,019$15,690$11,051$3,057
29 years$39,595$28,741$20,491$14,388$9,979$2,608
30 years$37,862$27,143$19,086$13,205$9,017$2,226
31 years$36,243$25,659$17,794$12,128$8,152$1,900
32 years$34,729$24,278$16,602$11,146$7,374$1,622
33 years$33,310$22,992$15,501$10,249$6,673$1,385
34 years$31,977$21,791$14,483$9,430$6,042$1,183
35 years$30,723$20,669$13,541$8,681$5,473$1,010
36 years$29,541$19,618$12,667$7,995$4,958$863
37 years$28,426$18,632$11,856$7,366$4,494$737
38 years$27,372$17,707$11,103$6,790$4,074$630
39 years$26,374$16,838$10,402$6,261$3,695$538
40 years$25,429$16,020$9,750$5,774$3,351$460
41 years$24,532$15,249$9,142$5,328$3,040$393
42 years$23,681$14,523$8,576$4,917$2,759$336
43 years$22,871$13,837$8,047$4,539$2,504$287
44 years$22,099$13,190$7,554$4,191$2,273$245
45 years$21,365$12,578$7,093$3,870$2,063$209
46 years$20,664$11,999$6,662$3,575$1,873$179
47 years$19,995$11,450$6,259$3,303$1,701$153
48 years$19,356$10,931$5,881$3,052$1,545$131
49 years$18,745$10,439$5,528$2,821$1,403$112
50 years$18,160$9,971$5,197$2,607$1,274$95

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 $5,715 every year, while hoping to spend $36,211 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: 65/6/29 Blend
62$18,600,000$18,600,000$18,600,000$18,600,000
63$20,503,095$19,517,295$19,228,995$21,677,538
64$22,555,882$20,435,114$19,834,638$23,390,745
65$24,816,841$21,396,693$20,459,357$25,258,125
66$27,307,165$22,404,137$21,103,751$27,298,586
67$30,050,210$23,459,655$21,768,442$29,529,184
68$33,071,715$24,565,561$22,454,068$31,968,690
69$36,400,039$25,724,283$23,161,288$34,637,772
70$40,066,435$26,938,364$23,890,783$37,559,178
71$44,105,341$28,210,474$24,643,254$40,757,956
72$48,554,708$29,543,409$25,419,425$44,261,681
73$53,456,355$30,940,103$26,220,043$48,100,719
74$58,856,365$32,403,630$27,045,877$52,308,502
75$64,805,522$33,937,216$27,897,721$56,921,848
76$71,359,785$35,544,239$28,776,395$61,981,299
77$78,580,823$37,228,247$29,682,743$67,531,505
78$86,536,590$38,992,954$30,617,638$73,621,637
79$95,301,971$40,842,258$31,581,979$80,305,851
80$104,959,490$42,780,246$32,576,692$87,643,791
81$115,600,081$44,811,201$33,602,735$95,701,153
82$127,323,957$46,939,618$34,661,094$104,550,296
83$140,241,547$49,170,206$35,752,787$114,270,923
84$154,474,543$51,507,904$36,878,864$124,950,828
85$170,157,049$53,957,894$38,040,408$136,686,719
86$187,436,842$56,525,605$39,238,536$149,585,128
87$206,476,773$59,216,732$40,474,400$163,763,406
88$227,456,300$62,037,248$41,749,189$179,350,834
89$250,573,184$64,993,415$43,064,128$196,489,828
90$276,045,355$68,091,799$44,420,483$215,337,284
91$304,112,970$71,339,285$45,819,557$236,066,051
92$335,040,677$74,743,094$47,262,696$258,866,555
93$369,120,118$78,310,798$48,751,289$283,948,592
94$406,672,678$82,050,336$50,286,765$311,543,299
95$448,052,523$85,970,033$51,870,603$341,905,330
96$493,649,937$90,078,622$53,504,326$375,315,255
97$543,895,014$94,385,258$55,189,504$412,082,194
98$599,261,711$98,899,541$56,927,758$452,546,736
99$660,272,328$103,631,540$58,720,760$497,084,137
100$727,502,434$108,591,814$60,570,234$546,107,860