Can I retire at age 63 with 19,100,000?

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,516,643
2 years$780,822$766,280$752,186$738,521$725,267$718,788
3 years$515,377$500,772$486,714$473,178$460,139$453,799
4 years$382,681$368,121$354,203$340,898$328,175$322,023
5 years$303,084$288,611$274,876$261,842$249,474$243,528
6 years$250,036$235,673$222,141$209,397$197,400$191,668
7 years$212,160$197,918$184,600$172,157$160,539$155,024
8 years$183,766$169,652$156,556$144,418$133,183$127,885
9 years$161,694$147,712$134,841$123,012$112,159$107,078
10 years$144,046$130,201$117,558$106,038$95,565$90,697
11 years$129,616$115,911$103,496$92,285$82,189$77,532
12 years$117,600$104,035$91,850$80,946$71,223$66,774
13 years$107,440$94,017$82,062$71,463$62,108$57,861
14 years$98,740$85,459$73,733$63,437$54,444$50,395
15 years$91,206$78,068$66,571$56,575$47,936$44,082
16 years$84,620$71,626$60,356$50,657$42,366$38,700
17 years$78,815$65,965$54,922$45,515$37,565$34,081
18 years$73,661$60,955$50,137$41,018$33,401$30,095
19 years$69,055$56,492$45,898$37,063$29,771$26,636
20 years$64,915$52,495$42,123$33,568$26,592$23,623
21 years$61,174$48,897$38,745$30,465$23,797$20,987
22 years$57,777$45,644$35,709$27,700$21,331$18,675
23 years$54,681$42,690$32,971$25,226$19,148$16,639
24 years$51,846$39,998$30,493$23,008$17,210$14,844
25 years$49,243$37,536$28,242$21,012$15,487$13,256
26 years$46,843$35,278$26,193$19,213$13,950$11,849
27 years$44,626$33,200$24,323$17,586$12,577$10,600
28 years$42,570$31,284$22,611$16,112$11,348$9,490
29 years$40,659$29,513$21,042$14,775$10,247$8,501
30 years$38,879$27,872$19,600$13,560$9,259$7,621
31 years$37,218$26,348$18,272$12,454$8,371$6,834
32 years$35,663$24,931$17,048$11,445$7,572$6,132
33 years$34,205$23,610$15,918$10,525$6,853$5,504
34 years$32,836$22,377$14,873$9,684$6,205$4,943
35 years$31,549$21,224$13,905$8,915$5,620$4,440
36 years$30,335$20,145$13,008$8,210$5,092$3,989
37 years$29,190$19,133$12,175$7,564$4,615$3,586
38 years$28,108$18,183$11,401$6,972$4,184$3,223
39 years$27,083$17,290$10,682$6,429$3,794$2,898
40 years$26,113$16,450$10,012$5,930$3,441$2,607
41 years$25,192$15,659$9,388$5,471$3,122$2,345
42 years$24,317$14,913$8,806$5,049$2,833$2,109
43 years$23,485$14,209$8,264$4,661$2,571$1,898
44 years$22,694$13,545$7,757$4,303$2,334$1,708
45 years$21,939$12,916$7,283$3,974$2,119$1,537
46 years$21,220$12,321$6,841$3,671$1,924$1,384
47 years$20,533$11,758$6,427$3,392$1,747$1,245
48 years$19,876$11,225$6,039$3,134$1,586$1,121
49 years$19,249$10,719$5,677$2,896$1,441$1,009
50 years$18,648$10,239$5,337$2,677$1,309$909

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $19,100,000, adding $5,708 every year, while hoping to spend $57,381 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: 52/22/26 Blend
62$19,100,000$19,100,000$19,100,000$19,100,000
63$21,054,088$20,041,788$19,745,738$21,995,528
64$23,140,552$20,962,782$20,346,167$23,569,899
65$25,437,912$21,926,983$20,964,788$25,275,266
66$27,967,619$22,936,445$21,602,148$27,129,262
67$30,753,310$23,993,325$22,258,814$29,146,082
68$33,821,031$25,099,881$22,935,367$31,341,330
69$37,199,482$26,258,481$23,632,408$33,732,159
70$40,920,290$27,471,607$24,350,554$36,337,432
71$45,018,303$28,741,859$25,090,442$39,177,889
72$49,531,924$30,071,965$25,852,726$42,276,343
73$54,503,470$31,464,781$26,638,082$45,657,883
74$59,979,571$32,923,302$27,447,205$49,350,110
75$66,011,612$34,450,669$28,280,811$53,383,385
76$72,656,216$36,050,171$29,139,637$57,791,113
77$79,975,780$37,725,259$30,024,445$62,610,052
78$88,039,061$39,479,548$30,936,015$67,880,646
79$96,921,827$41,316,828$31,875,154$73,647,405
80$106,707,574$43,241,072$32,842,691$79,959,316
81$117,488,307$45,256,446$33,839,483$86,870,292
82$129,365,418$47,367,315$34,866,408$94,439,679
83$142,450,632$49,578,255$35,924,375$102,732,801
84$156,867,072$51,894,065$37,014,316$111,821,570
85$172,750,412$54,319,773$38,137,195$121,785,152
86$190,250,164$56,860,652$39,294,001$132,710,707
87$209,531,086$59,522,230$40,485,756$144,694,198
88$230,774,738$62,310,300$41,713,509$157,841,286
89$254,181,194$65,230,937$42,978,344$172,268,313
90$279,970,932$68,290,509$44,281,375$188,103,393
91$308,386,916$71,495,693$45,623,751$205,487,603
92$339,696,888$74,853,488$47,006,652$224,576,303
93$374,195,893$78,371,232$48,431,298$245,540,587
94$412,209,070$82,056,618$49,898,942$268,568,884
95$454,094,714$85,917,712$51,410,876$293,868,723
96$500,247,664$89,962,969$52,968,429$321,668,668
97$551,103,027$94,201,255$54,572,973$352,220,470
98$607,140,284$98,641,865$56,225,916$385,801,415
99$668,887,822$103,294,545$57,928,713$422,716,929
100$736,927,914$108,169,513$59,682,859$463,303,437