Can I retire at age 63 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,474,365
2 years$764,470$750,232$736,434$723,055$710,078$693,167
3 years$504,584$490,285$476,521$463,268$450,503$434,003
4 years$374,667$360,411$346,785$333,759$321,302$305,342
5 years$296,736$282,567$269,120$256,359$244,249$228,875
6 years$244,800$230,737$217,489$205,012$193,266$178,497
7 years$207,717$193,773$180,734$168,552$157,177$143,019
8 years$179,918$166,099$153,277$141,394$130,393$116,845
9 years$158,307$144,619$132,017$120,436$109,810$96,866
10 years$141,029$127,475$115,096$103,817$93,564$81,216
11 years$126,902$113,483$101,328$90,352$80,468$68,706
12 years$115,137$101,856$89,926$79,251$69,732$58,543
13 years$105,190$92,048$80,343$69,967$60,807$50,178
14 years$96,672$83,669$72,189$62,109$53,303$43,218
15 years$89,296$76,434$65,177$55,390$46,933$37,376
16 years$82,848$70,126$59,092$49,596$41,479$32,434
17 years$77,165$64,584$53,772$44,561$36,778$28,228
18 years$72,119$59,678$49,087$40,159$32,702$24,629
19 years$67,609$55,309$44,936$36,287$29,148$21,534
20 years$63,555$51,396$41,240$32,865$26,035$18,863
21 years$59,893$47,873$37,933$29,827$23,299$16,550
22 years$56,567$44,688$34,961$27,119$20,884$14,540
23 years$53,535$41,796$32,281$24,698$18,747$12,789
24 years$50,760$39,160$29,854$22,526$16,850$11,262
25 years$48,211$36,750$27,651$20,572$15,162$9,925
26 years$45,862$34,539$25,645$18,810$13,658$8,755
27 years$43,691$32,505$23,813$17,217$12,314$7,727
28 years$41,678$30,629$22,138$15,775$11,111$6,825
29 years$39,808$28,895$20,601$14,466$10,033$6,031
30 years$38,065$27,288$19,189$13,276$9,065$5,332
31 years$36,438$25,797$17,889$12,193$8,196$4,716
32 years$34,916$24,409$16,691$11,206$7,414$4,173
33 years$33,489$23,116$15,585$10,305$6,709$3,693
34 years$32,149$21,908$14,561$9,481$6,075$3,270
35 years$30,888$20,780$13,614$8,728$5,502$2,896
36 years$29,700$19,723$12,735$8,038$4,985$2,565
37 years$28,579$18,732$11,920$7,406$4,518$2,272
38 years$27,519$17,802$11,163$6,826$4,096$2,013
39 years$26,516$16,928$10,458$6,294$3,714$1,784
40 years$25,566$16,106$9,802$5,806$3,369$1,582
41 years$24,664$15,331$9,192$5,356$3,057$1,402
42 years$23,808$14,601$8,622$4,943$2,774$1,243
43 years$22,993$13,912$8,091$4,563$2,517$1,102
44 years$22,218$13,261$7,594$4,213$2,285$977
45 years$21,480$12,645$7,131$3,891$2,074$867
46 years$20,775$12,063$6,698$3,594$1,883$769
47 years$20,103$11,512$6,292$3,321$1,710$682
48 years$19,460$10,990$5,913$3,068$1,553$605
49 years$18,846$10,495$5,558$2,836$1,410$536
50 years$18,258$10,025$5,225$2,621$1,281$476

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $18,700,000, adding $6,893 every year, while hoping to spend $23,492 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: 56/31/13 Blend
62$18,700,000$18,700,000$18,700,000$18,700,000
63$20,614,510$19,623,410$19,333,560$21,699,979
64$22,692,195$20,559,962$19,956,239$23,372,838
65$24,981,016$21,541,617$20,598,990$25,190,957
66$27,502,485$22,570,562$21,262,462$27,170,811
67$30,280,306$23,649,087$21,947,322$29,327,864
68$33,340,600$24,779,595$22,654,260$31,679,110
69$36,712,154$25,964,608$23,383,990$34,243,229
70$40,426,686$27,206,766$24,137,246$37,040,752
71$44,519,152$28,508,842$24,914,788$40,094,256
72$49,028,071$29,873,741$25,717,400$43,428,562
73$53,995,891$31,304,511$26,545,889$47,070,965
74$59,469,388$32,804,348$27,401,093$51,051,482
75$65,500,108$34,376,603$28,283,871$55,403,129
76$72,144,854$36,024,792$29,195,116$60,162,225
77$79,466,222$37,752,599$30,135,745$65,368,718
78$87,533,191$39,563,891$31,106,707$71,066,564
79$96,421,775$41,462,720$32,108,980$77,304,121
80$106,215,741$43,453,338$33,143,576$84,134,602
81$117,007,398$45,540,204$34,211,537$91,616,562
82$128,898,471$47,727,991$35,313,942$99,814,443
83$142,001,056$50,021,605$36,451,900$108,799,167
84$156,438,687$52,426,186$37,626,562$118,648,793
85$172,347,491$54,947,127$38,839,110$129,449,244
86$189,877,483$57,590,085$40,090,768$141,295,099
87$209,193,977$60,360,989$41,382,799$154,290,474
88$230,479,147$63,266,062$42,716,507$168,549,992
89$253,933,746$66,311,825$44,093,236$184,199,843
90$279,779,005$69,505,121$45,514,376$201,378,966
91$308,258,716$72,853,125$46,981,361$220,240,335
92$339,641,540$76,363,363$48,495,671$240,952,391
93$374,223,534$80,043,725$50,058,834$263,700,612
94$412,330,957$83,902,490$51,672,427$288,689,239
95$454,323,341$87,948,338$53,338,080$316,143,190
96$500,596,889$92,190,374$55,057,472$346,310,156
97$551,588,214$96,638,145$56,832,340$379,462,919
98$607,778,463$101,301,665$58,664,475$415,901,900
99$669,697,858$106,191,438$60,555,726$455,957,975
100$737,930,700$111,318,479$62,508,004$499,995,565