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%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,478,670
2 years$764,470$750,232$736,434$723,055$710,078$697,486
3 years$504,584$490,285$476,521$463,268$450,503$438,202
4 years$374,667$360,411$346,785$333,759$321,302$309,389
5 years$296,736$282,567$269,120$256,359$244,249$232,757
6 years$244,800$230,737$217,489$205,012$193,266$182,210
7 years$207,717$193,773$180,734$168,552$157,177$146,562
8 years$179,918$166,099$153,277$141,394$130,393$120,220
9 years$158,307$144,619$132,017$120,436$109,810$100,075
10 years$141,029$127,475$115,096$103,817$93,564$84,261
11 years$126,902$113,483$101,328$90,352$80,468$71,590
12 years$115,137$101,856$89,926$79,251$69,732$61,271
13 years$105,190$92,048$80,343$69,967$60,807$52,755
14 years$96,672$83,669$72,189$62,109$53,303$45,648
15 years$89,296$76,434$65,177$55,390$46,933$39,664
16 years$82,848$70,126$59,092$49,596$41,479$34,586
17 years$77,165$64,584$53,772$44,561$36,778$30,249
18 years$72,119$59,678$49,087$40,159$32,702$26,523
19 years$67,609$55,309$44,936$36,287$29,148$23,308
20 years$63,555$51,396$41,240$32,865$26,035$20,522
21 years$59,893$47,873$37,933$29,827$23,299$18,099
22 years$56,567$44,688$34,961$27,119$20,884$15,985
23 years$53,535$41,796$32,281$24,698$18,747$14,136
24 years$50,760$39,160$29,854$22,526$16,850$12,515
25 years$48,211$36,750$27,651$20,572$15,162$11,090
26 years$45,862$34,539$25,645$18,810$13,658$9,836
27 years$43,691$32,505$23,813$17,217$12,314$8,730
28 years$41,678$30,629$22,138$15,775$11,111$7,754
29 years$39,808$28,895$20,601$14,466$10,033$6,891
30 years$38,065$27,288$19,189$13,276$9,065$6,127
31 years$36,438$25,797$17,889$12,193$8,196$5,450
32 years$34,916$24,409$16,691$11,206$7,414$4,851
33 years$33,489$23,116$15,585$10,305$6,709$4,318
34 years$32,149$21,908$14,561$9,481$6,075$3,845
35 years$30,888$20,780$13,614$8,728$5,502$3,426
36 years$29,700$19,723$12,735$8,038$4,985$3,052
37 years$28,579$18,732$11,920$7,406$4,518$2,720
38 years$27,519$17,802$11,163$6,826$4,096$2,425
39 years$26,516$16,928$10,458$6,294$3,714$2,162
40 years$25,566$16,106$9,802$5,806$3,369$1,928
41 years$24,664$15,331$9,192$5,356$3,057$1,719
42 years$23,808$14,601$8,622$4,943$2,774$1,533
43 years$22,993$13,912$8,091$4,563$2,517$1,368
44 years$22,218$13,261$7,594$4,213$2,285$1,220
45 years$21,480$12,645$7,131$3,891$2,074$1,089
46 years$20,775$12,063$6,698$3,594$1,883$971
47 years$20,103$11,512$6,292$3,321$1,710$867
48 years$19,460$10,990$5,913$3,068$1,553$774
49 years$18,846$10,495$5,558$2,836$1,410$690
50 years$18,258$10,025$5,225$2,621$1,281$616

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 $5,934 every year, while hoping to spend $43,320 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: 74/6/20 Blend
62$18,700,000$18,700,000$18,700,000$18,700,000
63$20,613,521$19,622,421$19,332,571$22,040,471
64$22,670,008$20,537,827$19,934,120$23,903,895
65$24,934,805$21,496,637$20,554,369$25,939,468
66$27,429,113$22,500,930$21,193,899$28,169,055
67$30,176,296$23,552,890$21,853,308$30,611,969
68$33,202,098$24,654,801$22,533,213$33,289,477
69$36,534,889$25,809,063$23,234,252$36,224,995
70$40,205,928$27,018,188$23,957,081$39,444,310
71$44,249,665$28,284,811$24,702,375$42,975,818
72$48,704,059$29,611,695$25,470,833$46,850,795
73$53,610,940$31,001,735$26,263,173$51,103,683
74$59,016,404$32,457,968$27,080,137$55,772,416
75$64,971,246$33,983,577$27,922,490$60,898,775
76$71,531,439$35,581,898$28,791,019$66,528,778
77$78,758,665$37,256,430$29,686,538$72,713,115
78$86,720,895$39,010,842$30,609,884$79,507,617
79$95,493,032$40,848,979$31,561,920$86,973,788
80$105,157,614$42,774,872$32,543,537$95,179,375
81$115,805,599$44,792,749$33,555,654$104,199,007
82$127,537,219$46,907,042$34,599,217$114,114,895
83$140,462,926$49,122,399$35,675,202$125,017,608
84$154,704,439$51,443,690$36,784,616$137,006,917
85$170,395,886$53,876,025$37,928,494$150,192,739
86$187,685,076$56,424,760$39,107,908$164,696,167
87$206,734,890$59,095,510$40,323,960$180,650,609
88$227,724,823$61,894,164$41,577,787$198,203,045
89$250,852,672$64,826,895$42,870,560$217,515,406
90$276,336,410$67,900,178$44,203,489$238,766,101
91$304,416,237$71,120,800$45,577,819$262,151,695
92$335,356,852$74,495,878$46,994,835$287,888,758
93$369,449,950$78,032,875$48,455,861$316,215,905
94$407,016,974$81,739,615$49,962,262$347,396,041
95$448,412,154$85,624,305$51,515,446$381,718,841
96$494,025,845$89,695,547$53,116,864$419,503,474
97$544,288,215$93,962,363$54,768,013$461,101,611
98$599,673,306$98,434,212$56,470,435$506,900,738
99$660,703,509$103,121,014$58,225,721$557,327,808
100$727,954,494$108,033,171$60,035,509$612,853,261