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%18.2%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,472,539
2 years$780,822$766,280$752,186$738,521$725,267$674,857
3 years$515,377$500,772$486,714$473,178$460,139$411,424
4 years$382,681$368,121$354,203$340,898$328,175$281,528
5 years$303,084$288,611$274,876$261,842$249,474$205,018
6 years$250,036$235,673$222,141$209,397$197,400$155,172
7 years$212,160$197,918$184,600$172,157$160,539$120,534
8 years$183,766$169,652$156,556$144,418$133,183$95,370
9 years$161,694$147,712$134,841$123,012$112,159$76,494
10 years$144,046$130,201$117,558$106,038$95,565$61,991
11 years$129,616$115,911$103,496$92,285$82,189$50,642
12 years$117,600$104,035$91,850$80,946$71,223$41,633
13 years$107,440$94,017$82,062$71,463$62,108$34,400
14 years$98,740$85,459$73,733$63,437$54,444$28,539
15 years$91,206$78,068$66,571$56,575$47,936$23,755
16 years$84,620$71,626$60,356$50,657$42,366$19,827
17 years$78,815$65,965$54,922$45,515$37,565$16,585
18 years$73,661$60,955$50,137$41,018$33,401$13,899
19 years$69,055$56,492$45,898$37,063$29,771$11,666
20 years$64,915$52,495$42,123$33,568$26,592$9,804
21 years$61,174$48,897$38,745$30,465$23,797$8,248
22 years$57,777$45,644$35,709$27,700$21,331$6,945
23 years$54,681$42,690$32,971$25,226$19,148$5,852
24 years$51,846$39,998$30,493$23,008$17,210$4,934
25 years$49,243$37,536$28,242$21,012$15,487$4,163
26 years$46,843$35,278$26,193$19,213$13,950$3,514
27 years$44,626$33,200$24,323$17,586$12,577$2,967
28 years$42,570$31,284$22,611$16,112$11,348$2,505
29 years$40,659$29,513$21,042$14,775$10,247$2,117
30 years$38,879$27,872$19,600$13,560$9,259$1,789
31 years$37,218$26,348$18,272$12,454$8,371$1,512
32 years$35,663$24,931$17,048$11,445$7,572$1,278
33 years$34,205$23,610$15,918$10,525$6,853$1,080
34 years$32,836$22,377$14,873$9,684$6,205$913
35 years$31,549$21,224$13,905$8,915$5,620$772
36 years$30,335$20,145$13,008$8,210$5,092$653
37 years$29,190$19,133$12,175$7,564$4,615$552
38 years$28,108$18,183$11,401$6,972$4,184$467
39 years$27,083$17,290$10,682$6,429$3,794$395
40 years$26,113$16,450$10,012$5,930$3,441$334
41 years$25,192$15,659$9,388$5,471$3,122$283
42 years$24,317$14,913$8,806$5,049$2,833$239
43 years$23,485$14,209$8,264$4,661$2,571$202
44 years$22,694$13,545$7,757$4,303$2,334$171
45 years$21,939$12,916$7,283$3,974$2,119$145
46 years$21,220$12,321$6,841$3,671$1,924$122
47 years$20,533$11,758$6,427$3,392$1,747$104
48 years$19,876$11,225$6,039$3,134$1,586$88
49 years$19,249$10,719$5,677$2,896$1,441$74
50 years$18,648$10,239$5,337$2,677$1,309$63

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 $4,379 every year, while hoping to spend $53,546 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: 63/25/12 Blend
62$19,100,000$19,100,000$19,100,000$19,100,000
63$21,052,717$20,040,417$19,744,367$22,319,991
64$23,143,122$20,965,425$20,348,831$24,093,776
65$25,444,953$21,933,963$20,971,749$26,023,244
66$27,979,720$22,948,109$21,613,685$28,128,753
67$30,771,123$24,010,039$22,275,215$30,427,400
68$33,845,280$25,122,033$22,956,938$32,937,991
69$37,230,970$26,286,484$23,659,466$35,681,208
70$40,959,904$27,505,897$24,383,433$38,679,804
71$45,067,028$28,782,899$25,129,492$41,958,810
72$49,590,848$30,120,245$25,898,314$45,545,766
73$54,573,799$31,520,821$26,690,591$49,470,973
74$60,062,637$32,987,653$27,507,037$53,767,778
75$66,108,891$34,523,912$28,348,387$58,472,874
76$72,769,337$36,132,923$29,215,398$63,626,649
77$80,106,546$37,818,172$30,108,849$69,273,552
78$88,189,464$39,583,313$31,029,546$75,462,508
79$97,094,069$41,432,175$31,978,316$82,247,372
80$106,904,086$43,368,774$32,956,011$89,687,432
81$117,711,777$45,397,318$33,963,512$97,847,953
82$129,618,812$47,522,221$35,001,724$106,800,791
83$142,737,228$49,748,107$36,071,579$116,625,057
84$157,190,488$52,079,827$37,174,039$127,407,858
85$173,114,643$54,522,464$38,310,095$139,245,106
86$190,659,620$57,081,347$39,480,766$152,242,413
87$209,990,634$59,762,066$40,687,105$166,516,077
88$231,289,749$62,570,478$41,930,193$182,194,169
89$254,757,596$65,512,723$43,211,147$199,417,729
90$280,615,266$68,595,242$44,531,116$218,342,082
91$309,106,399$71,824,785$45,891,284$239,138,295
92$340,499,482$75,208,430$47,292,872$261,994,777
93$375,090,382$78,753,596$48,737,137$287,119,037
94$413,205,143$82,468,064$50,225,372$314,739,636
95$455,203,059$86,359,990$51,758,914$345,108,323
96$501,480,068$90,437,928$53,339,135$378,502,396
97$552,472,491$94,710,842$54,967,452$415,227,301
98$608,661,147$99,188,135$56,645,323$455,619,499
99$670,575,894$103,879,664$58,374,251$500,049,621
100$738,800,632$108,795,764$60,155,785$548,925,949