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%18.9%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,468,437
2 years$780,822$766,280$752,186$738,521$725,267$670,826
3 years$515,377$500,772$486,714$473,178$460,139$407,591
4 years$382,681$368,121$354,203$340,898$328,175$277,922
5 years$303,084$288,611$274,876$261,842$249,474$201,646
6 years$250,036$235,673$222,141$209,397$197,400$152,034
7 years$212,160$197,918$184,600$172,157$160,539$117,625
8 years$183,766$169,652$156,556$144,418$133,183$92,684
9 years$161,694$147,712$134,841$123,012$112,159$74,022
10 years$144,046$130,201$117,558$106,038$95,565$59,723
11 years$129,616$115,911$103,496$92,285$82,189$48,568
12 years$117,600$104,035$91,850$80,946$71,223$39,743
13 years$107,440$94,017$82,062$71,463$62,108$32,681
14 years$98,740$85,459$73,733$63,437$54,444$26,981
15 years$91,206$78,068$66,571$56,575$47,936$22,347
16 years$84,620$71,626$60,356$50,657$42,366$18,557
17 years$78,815$65,965$54,922$45,515$37,565$15,443
18 years$73,661$60,955$50,137$41,018$33,401$12,875
19 years$69,055$56,492$45,898$37,063$29,771$10,749
20 years$64,915$52,495$42,123$33,568$26,592$8,985
21 years$61,174$48,897$38,745$30,465$23,797$7,518
22 years$57,777$45,644$35,709$27,700$21,331$6,296
23 years$54,681$42,690$32,971$25,226$19,148$5,276
24 years$51,846$39,998$30,493$23,008$17,210$4,424
25 years$49,243$37,536$28,242$21,012$15,487$3,711
26 years$46,843$35,278$26,193$19,213$13,950$3,115
27 years$44,626$33,200$24,323$17,586$12,577$2,615
28 years$42,570$31,284$22,611$16,112$11,348$2,196
29 years$40,659$29,513$21,042$14,775$10,247$1,845
30 years$38,879$27,872$19,600$13,560$9,259$1,550
31 years$37,218$26,348$18,272$12,454$8,371$1,302
32 years$35,663$24,931$17,048$11,445$7,572$1,094
33 years$34,205$23,610$15,918$10,525$6,853$920
34 years$32,836$22,377$14,873$9,684$6,205$773
35 years$31,549$21,224$13,905$8,915$5,620$650
36 years$30,335$20,145$13,008$8,210$5,092$547
37 years$29,190$19,133$12,175$7,564$4,615$460
38 years$28,108$18,183$11,401$6,972$4,184$386
39 years$27,083$17,290$10,682$6,429$3,794$325
40 years$26,113$16,450$10,012$5,930$3,441$273
41 years$25,192$15,659$9,388$5,471$3,122$230
42 years$24,317$14,913$8,806$5,049$2,833$193
43 years$23,485$14,209$8,264$4,661$2,571$162
44 years$22,694$13,545$7,757$4,303$2,334$137
45 years$21,939$12,916$7,283$3,974$2,119$115
46 years$21,220$12,321$6,841$3,671$1,924$97
47 years$20,533$11,758$6,427$3,392$1,747$81
48 years$19,876$11,225$6,039$3,134$1,586$68
49 years$19,249$10,719$5,677$2,896$1,441$57
50 years$18,648$10,239$5,337$2,677$1,309$48

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 $2,575 every year, while hoping to spend $27,288 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: 52/29/19 Blend
62$19,100,000$19,100,000$19,100,000$19,100,000
63$21,050,856$20,038,556$19,742,506$22,035,453
64$23,169,009$20,991,411$20,374,846$23,665,610
65$25,502,299$21,990,041$21,027,454$25,434,689
66$28,072,642$23,036,661$21,700,982$27,358,317
67$30,904,186$24,133,592$22,396,100$29,451,171
68$34,023,544$25,283,269$23,113,500$31,729,377
69$37,460,041$26,488,245$23,853,898$34,210,657
70$41,245,993$27,751,197$24,618,031$36,914,489
71$45,417,010$29,074,931$25,406,661$39,862,283
72$50,012,334$30,462,393$26,220,574$43,077,575
73$55,075,210$31,916,667$27,060,580$46,586,244
74$60,653,290$33,440,993$27,927,518$50,416,747
75$66,799,087$35,038,763$28,822,251$54,600,378
76$73,570,469$36,713,537$29,745,672$59,171,556
77$81,031,204$38,469,048$30,698,700$64,168,139
78$89,251,566$40,309,211$31,682,285$69,631,774
79$98,308,993$42,238,129$32,697,409$75,608,277
80$108,288,822$44,260,109$33,745,083$82,148,058
81$119,285,090$46,379,663$34,826,353$89,306,583
82$131,401,429$48,601,526$35,942,295$97,144,889
83$144,752,036$50,930,661$37,094,023$105,730,144
84$159,462,756$53,372,276$38,282,685$115,136,271
85$175,672,268$55,931,829$39,509,466$125,444,634
86$193,533,397$58,615,046$40,775,591$136,744,789
87$213,214,552$61,427,932$42,082,321$149,135,315
88$234,901,318$64,376,782$43,430,961$162,724,732
89$258,798,209$67,468,201$44,822,854$177,632,508
90$285,130,597$70,709,113$46,259,390$193,990,169
91$314,146,840$74,106,782$47,742,002$211,942,525
92$346,120,626$77,668,823$49,272,168$231,649,019
93$381,353,560$81,403,225$50,851,415$253,285,211
94$420,178,004$85,318,365$52,481,319$277,044,417
95$462,960,223$89,423,027$54,163,506$303,139,512
96$510,103,837$93,726,426$55,899,654$331,804,920
97$562,053,631$98,238,224$57,691,495$363,298,801
98$619,299,759$102,968,555$59,540,819$397,905,466
99$682,382,367$107,928,047$61,449,469$435,938,036
100$751,896,694$113,127,846$63,419,351$477,741,372