Can I retire at age 63 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,447,676
2 years$768,558$754,244$740,372$726,922$713,875$662,552
3 years$507,282$492,907$479,070$465,746$452,912$403,339
4 years$376,670$362,339$348,640$335,544$323,021$275,578
5 years$298,323$284,078$270,559$257,730$245,555$200,368
6 years$246,109$231,971$218,652$206,108$194,299$151,403
7 years$208,828$194,809$181,701$169,453$158,017$117,405
8 years$180,880$166,987$154,097$142,150$131,091$92,730
9 years$159,154$145,392$132,723$121,080$110,397$74,240
10 years$141,783$128,156$115,711$104,372$94,064$60,051
11 years$127,580$114,090$101,870$90,835$80,898$48,962
12 years$115,753$102,401$90,407$79,675$70,105$40,172
13 years$105,753$92,541$80,773$70,341$61,133$33,124
14 years$97,189$84,117$72,575$62,441$53,589$27,424
15 years$89,773$76,842$65,525$55,686$47,184$22,778
16 years$83,291$70,501$59,408$49,861$41,701$18,970
17 years$77,577$64,929$54,059$44,800$36,975$15,833
18 years$72,504$59,997$49,349$40,373$32,876$13,239
19 years$67,971$55,605$45,177$36,481$29,303$11,087
20 years$63,895$51,671$41,461$33,040$26,174$9,296
21 years$60,213$48,129$38,136$29,986$23,423$7,802
22 years$56,870$44,927$35,148$27,264$20,996$6,555
23 years$53,822$42,019$32,453$24,830$18,847$5,510
24 years$51,032$39,369$30,014$22,647$16,940$4,635
25 years$48,469$36,946$27,799$20,682$15,243$3,901
26 years$46,108$34,723$25,782$18,911$13,731$3,284
27 years$43,925$32,679$23,941$17,309$12,379$2,766
28 years$41,901$30,793$22,256$15,859$11,170$2,331
29 years$40,021$29,050$20,711$14,543$10,086$1,964
30 years$38,269$27,434$19,292$13,347$9,114$1,656
31 years$36,633$25,935$17,985$12,258$8,240$1,396
32 years$35,103$24,539$16,780$11,266$7,453$1,177
33 years$33,668$23,239$15,668$10,360$6,745$993
34 years$32,321$22,026$14,639$9,532$6,107$837
35 years$31,053$20,891$13,687$8,775$5,531$706
36 years$29,859$19,828$12,804$8,081$5,012$596
37 years$28,732$18,833$11,984$7,446$4,542$502
38 years$27,666$17,898$11,222$6,863$4,118$424
39 years$26,658$17,019$10,514$6,328$3,734$358
40 years$25,703$16,192$9,855$5,837$3,387$302
41 years$24,796$15,413$9,241$5,385$3,073$255
42 years$23,935$14,679$8,668$4,970$2,788$215
43 years$23,116$13,986$8,134$4,588$2,531$181
44 years$22,337$13,332$7,635$4,236$2,297$153
45 years$21,594$12,713$7,169$3,912$2,085$129
46 years$20,886$12,128$6,733$3,614$1,893$109
47 years$20,210$11,574$6,326$3,338$1,719$92
48 years$19,564$11,049$5,945$3,085$1,561$78
49 years$18,946$10,551$5,588$2,851$1,418$65
50 years$18,355$10,079$5,253$2,635$1,288$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $18,800,000, adding $3,446 every year, while hoping to spend $24,670 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: 70/5/25 Blend
62$18,800,000$18,800,000$18,800,000$18,800,000
63$20,721,155$19,724,755$19,433,355$22,039,663
64$22,808,464$20,665,019$20,058,123$23,863,005
65$25,107,851$21,650,529$20,702,995$25,855,129
66$27,640,924$22,683,477$21,368,617$28,035,370
67$30,431,490$23,766,159$22,055,657$30,422,386
68$33,505,786$24,900,985$22,764,806$33,036,720
69$36,892,725$26,090,482$23,496,776$35,900,993
70$40,624,166$27,337,298$24,252,300$39,040,110
71$44,735,217$28,644,213$25,032,139$42,481,496
72$49,264,569$30,014,139$25,837,076$46,255,351
73$54,254,855$31,450,131$26,667,918$50,394,931
74$59,753,057$32,955,395$27,525,500$54,936,863
75$65,810,948$34,533,288$28,410,683$59,921,483
76$72,485,581$36,187,336$29,324,357$65,393,216
77$79,839,827$37,921,232$30,267,440$71,400,991
78$87,942,969$39,738,852$31,240,879$77,998,703
79$96,871,355$41,644,258$32,245,651$85,245,711
80$106,709,119$43,641,713$33,282,767$93,207,402
81$117,548,978$45,735,686$34,353,268$101,955,800
82$129,493,101$47,930,862$35,458,229$111,570,244
83$142,654,080$50,232,156$36,598,762$122,138,130
84$157,155,988$52,644,724$37,776,013$133,755,735
85$173,135,553$55,173,969$38,991,164$146,529,122
86$190,743,448$57,825,562$40,245,436$160,575,131
87$210,145,712$60,605,448$41,540,091$176,022,484
88$231,525,320$63,519,860$42,876,429$193,012,989
89$255,083,907$66,575,338$44,255,794$211,702,880
90$281,043,675$69,778,739$45,679,573$232,264,280
91$309,649,488$73,137,255$47,149,196$254,886,824
92$341,171,183$76,658,427$48,666,142$279,779,443
93$375,906,120$80,350,167$50,231,934$307,172,329
94$414,181,989$84,220,770$51,848,148$337,319,103
95$456,359,900$88,278,935$53,516,409$370,499,204
96$502,837,795$92,533,789$55,238,394$407,020,515
97$554,054,205$96,994,899$57,015,835$447,222,268
98$610,492,387$101,672,303$58,850,519$491,478,238
99$672,684,891$106,576,526$60,744,292$540,200,261
100$741,218,582$111,718,608$62,699,058$593,842,116