Can I retire at age 63 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,467,175
2 years$776,734$762,268$748,248$734,655$721,470$673,634
3 years$512,679$498,150$484,166$470,701$457,730$411,471
4 years$380,677$366,193$352,349$339,113$326,457$282,129
5 years$301,497$287,100$273,437$260,471$248,167$205,889
6 years$248,727$234,439$220,978$208,301$196,366$156,174
7 years$211,050$196,881$183,634$171,256$159,698$121,589
8 years$182,804$168,764$155,736$143,662$132,485$96,432
9 years$160,847$146,939$134,135$122,368$111,572$77,535
10 years$143,292$129,520$116,942$105,483$95,065$62,993
11 years$128,937$115,304$102,954$91,802$81,759$51,594
12 years$116,984$103,490$91,369$80,522$70,850$42,529
13 years$106,878$93,525$81,632$71,089$61,783$35,235
14 years$98,223$85,012$73,347$63,105$54,159$29,314
15 years$90,728$77,660$66,222$56,279$47,686$24,469
16 years$84,177$71,251$60,040$50,391$42,145$20,482
17 years$78,403$65,620$54,634$45,276$37,368$17,183
18 years$73,276$60,636$49,874$40,803$33,226$14,443
19 years$68,694$56,197$45,657$36,869$29,615$12,159
20 years$64,575$52,221$41,902$33,392$26,453$10,250
21 years$60,853$48,641$38,542$30,305$23,672$8,650
22 years$57,475$45,405$35,522$27,554$21,219$7,306
23 years$54,394$42,466$32,798$25,094$19,047$6,176
24 years$51,575$39,788$30,333$22,888$17,120$5,224
25 years$48,985$37,339$28,094$20,902$15,406$4,421
26 years$46,598$35,093$26,056$19,112$13,877$3,744
27 years$44,392$33,026$24,195$17,494$12,511$3,171
28 years$42,347$31,121$22,493$16,028$11,289$2,687
29 years$40,446$29,359$20,931$14,698$10,194$2,278
30 years$38,676$27,726$19,497$13,489$9,211$1,931
31 years$37,023$26,211$18,176$12,389$8,327$1,637
32 years$35,476$24,800$16,959$11,385$7,533$1,389
33 years$34,026$23,486$15,835$10,470$6,817$1,178
34 years$32,665$22,260$14,795$9,633$6,172$999
35 years$31,384$21,113$13,832$8,868$5,590$848
36 years$30,176$20,039$12,940$8,167$5,065$719
37 years$29,037$19,033$12,111$7,525$4,591$610
38 years$27,961$18,088$11,342$6,936$4,162$518
39 years$26,942$17,200$10,626$6,395$3,774$440
40 years$25,976$16,364$9,960$5,899$3,423$373
41 years$25,060$15,577$9,339$5,442$3,106$317
42 years$24,190$14,835$8,760$5,023$2,818$269
43 years$23,362$14,135$8,220$4,636$2,558$228
44 years$22,575$13,474$7,716$4,281$2,321$194
45 years$21,824$12,848$7,245$3,954$2,107$164
46 years$21,108$12,257$6,805$3,652$1,913$139
47 years$20,425$11,697$6,393$3,374$1,738$118
48 years$19,772$11,166$6,008$3,118$1,578$100
49 years$19,148$10,663$5,647$2,881$1,433$85
50 years$18,551$10,186$5,309$2,663$1,302$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $19,000,000, adding $3,772 every year, while hoping to spend $54,749 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: 49/24/27 Blend
62$19,000,000$19,000,000$19,000,000$19,000,000
63$20,941,891$19,934,891$19,640,391$21,807,288
64$23,019,711$20,853,448$20,240,091$23,332,267
65$25,307,634$21,815,179$20,858,047$24,982,393
66$27,827,033$22,822,143$21,494,811$26,774,151
67$30,601,457$23,876,495$22,150,955$28,720,960
68$33,656,860$24,980,497$22,827,065$30,837,568
69$37,021,836$26,136,518$23,523,748$33,140,180
70$40,727,896$27,347,041$24,241,627$35,646,612
71$44,809,765$28,614,669$24,981,345$38,376,448
72$49,305,704$29,942,131$25,743,564$41,351,222
73$54,257,878$31,332,287$26,528,965$44,594,611
74$59,712,747$32,788,135$27,338,251$48,132,655
75$65,721,511$34,312,817$28,172,146$51,993,993
76$72,340,588$35,909,628$29,031,396$56,210,127
77$79,632,148$37,582,020$29,916,768$60,815,712
78$87,664,702$39,333,614$30,829,054$65,848,875
79$96,513,743$41,168,202$31,769,069$71,351,563
80$106,262,464$43,089,764$32,737,652$77,369,935
81$117,002,542$45,102,468$33,735,669$83,954,786
82$128,834,998$47,210,686$34,764,011$91,162,014
83$141,871,158$49,419,000$35,823,596$99,053,144
84$156,233,698$51,732,213$36,915,368$107,695,891
85$172,057,806$54,155,362$38,040,304$117,164,793
86$189,492,453$56,693,726$39,199,405$127,541,903
87$208,701,803$59,352,839$40,393,705$138,917,547
88$229,866,763$62,138,503$41,624,270$151,391,169
89$253,186,686$65,056,803$42,892,196$165,072,254
90$278,881,257$68,114,115$44,198,614$180,081,348
91$307,192,564$71,317,126$45,544,686$196,551,184
92$338,387,385$74,672,845$46,931,613$214,627,914
93$372,759,705$78,188,621$48,360,629$234,472,480
94$410,633,491$81,872,160$49,833,006$256,262,114
95$452,365,751$85,731,539$51,350,055$280,191,991
96$498,349,902$89,775,229$52,913,126$306,477,059
97$549,019,486$94,012,109$54,523,610$335,354,046
98$604,852,261$98,451,490$56,182,938$367,083,675
99$666,374,712$103,103,133$57,892,587$401,953,108
100$734,167,020$107,977,274$59,654,076$440,278,631