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%15.8%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,479,061
2 years$776,734$762,268$748,248$734,655$721,470$685,385
3 years$512,679$498,150$484,166$470,701$457,730$422,714
4 years$380,677$366,193$352,349$339,113$326,457$292,779
5 years$301,497$287,100$273,437$260,471$248,167$215,922
6 years$248,727$234,439$220,978$208,301$196,366$165,586
7 years$211,050$196,881$183,634$171,256$159,698$130,387
8 years$182,804$168,764$155,736$143,662$132,485$104,632
9 years$160,847$146,939$134,135$122,368$111,572$85,154
10 years$143,292$129,520$116,942$105,483$95,065$70,052
11 years$128,937$115,304$102,954$91,802$81,759$58,117
12 years$116,984$103,490$91,369$80,522$70,850$48,540
13 years$106,878$93,525$81,632$71,089$61,783$40,762
14 years$98,223$85,012$73,347$63,105$54,159$34,382
15 years$90,728$77,660$66,222$56,279$47,686$29,107
16 years$84,177$71,251$60,040$50,391$42,145$24,715
17 years$78,403$65,620$54,634$45,276$37,368$21,040
18 years$73,276$60,636$49,874$40,803$33,226$17,948
19 years$68,694$56,197$45,657$36,869$29,615$15,339
20 years$64,575$52,221$41,902$33,392$26,453$13,128
21 years$60,853$48,641$38,542$30,305$23,672$11,251
22 years$57,475$45,405$35,522$27,554$21,219$9,652
23 years$54,394$42,466$32,798$25,094$19,047$8,289
24 years$51,575$39,788$30,333$22,888$17,120$7,123
25 years$48,985$37,339$28,094$20,902$15,406$6,126
26 years$46,598$35,093$26,056$19,112$13,877$5,271
27 years$44,392$33,026$24,195$17,494$12,511$4,538
28 years$42,347$31,121$22,493$16,028$11,289$3,908
29 years$40,446$29,359$20,931$14,698$10,194$3,368
30 years$38,676$27,726$19,497$13,489$9,211$2,902
31 years$37,023$26,211$18,176$12,389$8,327$2,502
32 years$35,476$24,800$16,959$11,385$7,533$2,158
33 years$34,026$23,486$15,835$10,470$6,817$1,861
34 years$32,665$22,260$14,795$9,633$6,172$1,605
35 years$31,384$21,113$13,832$8,868$5,590$1,385
36 years$30,176$20,039$12,940$8,167$5,065$1,195
37 years$29,037$19,033$12,111$7,525$4,591$1,031
38 years$27,961$18,088$11,342$6,936$4,162$890
39 years$26,942$17,200$10,626$6,395$3,774$768
40 years$25,976$16,364$9,960$5,899$3,423$663
41 years$25,060$15,577$9,339$5,442$3,106$572
42 years$24,190$14,835$8,760$5,023$2,818$494
43 years$23,362$14,135$8,220$4,636$2,558$427
44 years$22,575$13,474$7,716$4,281$2,321$368
45 years$21,824$12,848$7,245$3,954$2,107$318
46 years$21,108$12,257$6,805$3,652$1,913$275
47 years$20,425$11,697$6,393$3,374$1,738$237
48 years$19,772$11,166$6,008$3,118$1,578$205
49 years$19,148$10,663$5,647$2,881$1,433$177
50 years$18,551$10,186$5,309$2,663$1,302$153

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 $6,673 every year, while hoping to spend $42,456 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: 55/32/13 Blend
62$19,000,000$19,000,000$19,000,000$19,000,000
63$20,944,883$19,937,883$19,643,383$22,026,105
64$23,036,088$20,869,667$20,256,264$23,692,672
65$25,339,174$21,845,684$20,888,253$25,501,221
66$27,875,706$22,868,059$21,539,946$27,469,474
67$30,669,450$23,939,017$22,211,956$29,612,665
68$33,746,595$25,060,889$22,904,917$31,947,534
69$37,135,997$26,236,123$23,619,482$34,492,481
70$40,869,457$27,467,281$24,356,323$37,267,731
71$44,982,016$28,757,052$25,116,134$40,295,519
72$49,512,288$30,108,254$25,899,631$43,600,289
73$54,502,824$31,523,841$26,707,551$47,208,924
74$60,000,514$33,006,911$27,540,656$51,150,986
75$66,057,027$34,560,711$28,399,729$55,458,987
76$72,729,304$36,188,645$29,285,579$60,168,689
77$80,080,088$37,894,284$30,199,041$65,319,434
78$88,178,523$39,681,369$31,140,975$70,954,500
79$97,100,801$41,553,826$32,112,267$77,121,504
80$106,930,886$43,515,766$33,113,831$83,872,840
81$117,761,302$45,571,505$34,146,610$91,266,163
82$129,694,010$47,725,564$35,211,577$99,364,919
83$142,841,368$49,982,685$36,309,733$108,238,935
84$157,327,191$52,347,839$37,442,112$117,965,063
85$173,287,922$54,826,241$38,609,780$128,627,895
86$190,873,918$57,423,355$39,813,836$140,320,546
87$210,250,870$60,144,912$41,055,413$153,145,515
88$231,601,368$62,996,922$42,335,678$167,215,646
89$255,126,621$65,985,685$43,655,837$182,655,168
90$281,048,361$69,117,808$45,017,132$199,600,857
91$309,610,930$72,400,217$46,420,842$218,203,308
92$341,083,595$75,840,177$47,868,290$238,628,338
93$375,763,080$79,445,304$49,360,836$261,058,532
94$413,976,375$83,223,585$50,899,885$285,694,948
95$456,083,818$87,183,393$52,486,884$312,758,994
96$502,482,498$91,333,511$54,123,326$342,494,493
97$553,610,005$95,683,145$55,810,749$375,169,966
98$609,948,558$100,241,951$57,550,742$411,081,142
99$672,029,559$105,020,055$59,344,939$450,553,721
100$740,438,609$110,028,072$61,195,030$493,946,426