Can I retire at age 63 with 19,200,000?

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 $19,200,000?

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$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,480,249
2 years$784,910$770,292$756,124$742,388$729,064$678,391
3 years$518,075$503,394$489,263$475,655$462,548$413,578
4 years$384,684$370,048$356,058$342,683$329,893$283,002
5 years$304,671$290,122$276,316$263,213$250,780$206,092
6 years$251,346$236,907$223,304$210,494$198,433$155,985
7 years$213,271$198,954$185,567$173,059$161,380$121,165
8 years$184,728$170,540$157,375$145,175$133,880$95,869
9 years$162,540$148,486$135,547$123,656$112,746$76,894
10 years$144,800$130,883$118,173$106,593$96,065$62,316
11 years$130,295$116,517$104,038$92,768$82,619$50,908
12 years$118,216$104,580$92,331$81,370$71,596$41,851
13 years$108,003$94,510$82,492$71,837$62,433$34,580
14 years$99,257$85,907$74,119$63,769$54,729$28,689
15 years$91,683$78,477$66,919$56,871$48,187$23,880
16 years$85,063$72,001$60,672$50,922$42,588$19,931
17 years$79,228$66,311$55,209$45,753$37,762$16,672
18 years$74,047$61,274$50,399$41,233$33,576$13,972
19 years$69,417$56,788$46,138$37,257$29,927$11,727
20 years$65,255$52,770$42,343$33,743$26,731$9,855
21 years$61,494$49,153$38,947$30,624$23,921$8,291
22 years$58,080$45,883$35,896$27,845$21,442$6,981
23 years$54,967$42,913$33,144$25,359$19,248$5,883
24 years$52,118$40,207$30,652$23,128$17,300$4,960
25 years$49,501$37,732$28,390$21,122$15,568$4,185
26 years$47,089$35,462$26,330$19,313$14,023$3,532
27 years$44,859$33,374$24,450$17,678$12,643$2,982
28 years$42,793$31,448$22,730$16,197$11,408$2,519
29 years$40,872$29,668$21,152$14,853$10,301$2,128
30 years$39,083$28,018$19,702$13,631$9,308$1,798
31 years$37,412$26,486$18,368$12,519$8,415$1,520
32 years$35,850$25,062$17,137$11,505$7,612$1,284
33 years$34,384$23,734$16,001$10,580$6,889$1,086
34 years$33,008$22,494$14,951$9,735$6,237$918
35 years$31,714$21,335$13,978$8,961$5,649$776
36 years$30,494$20,250$13,076$8,253$5,118$656
37 years$29,343$19,233$12,239$7,604$4,639$555
38 years$28,255$18,278$11,461$7,009$4,206$470
39 years$27,225$17,381$10,738$6,463$3,814$397
40 years$26,249$16,537$10,065$5,961$3,459$336
41 years$25,324$15,741$9,437$5,500$3,138$284
42 years$24,444$14,991$8,853$5,075$2,848$240
43 years$23,608$14,284$8,307$4,685$2,584$203
44 years$22,812$13,615$7,798$4,326$2,346$172
45 years$22,054$12,984$7,322$3,995$2,130$145
46 years$21,331$12,386$6,877$3,690$1,934$123
47 years$20,640$11,820$6,460$3,410$1,756$104
48 years$19,980$11,284$6,071$3,151$1,595$88
49 years$19,350$10,775$5,706$2,912$1,448$75
50 years$18,746$10,293$5,365$2,691$1,315$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $19,200,000, adding $6,521 every year, while hoping to spend $36,678 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: 57/37/6 Blend
62$19,200,000$19,200,000$19,200,000$19,200,000
63$21,165,126$20,147,526$19,849,926$22,344,889
64$23,284,944$21,095,730$20,475,874$24,086,854
65$25,619,754$22,089,166$21,121,561$25,979,160
66$28,191,447$23,130,013$21,787,611$28,039,927
67$31,024,144$24,220,553$22,474,666$30,285,236
68$34,144,427$25,363,181$23,183,387$32,732,752
69$37,581,587$26,560,406$23,914,460$35,401,892
70$41,367,903$27,814,859$24,668,588$38,313,994
71$45,538,941$29,129,300$25,446,498$41,492,519
72$50,133,898$30,506,621$26,248,941$44,963,254
73$55,195,966$31,949,855$27,076,690$48,754,555
74$60,772,739$33,462,182$27,930,544$52,897,604
75$66,916,667$35,046,938$28,811,326$57,426,690
76$73,685,546$36,707,617$29,719,884$62,379,529
77$81,143,068$38,447,886$30,657,096$67,797,603
78$89,359,417$40,271,589$31,623,865$73,726,548
79$98,411,936$42,182,755$32,621,123$80,216,566
80$108,385,854$44,185,611$33,649,831$87,322,895
81$119,375,093$46,284,588$34,710,983$95,106,312
82$131,483,152$48,484,331$35,805,600$103,633,694
83$144,824,084$50,789,714$36,934,738$112,978,642
84$159,523,575$53,205,845$38,099,486$123,222,153
85$175,720,129$55,738,080$39,300,968$134,453,375
86$193,566,373$58,392,037$40,540,342$146,770,434
87$213,230,502$61,173,606$41,818,802$160,281,338
88$234,897,864$64,088,963$43,137,582$175,104,986
89$258,772,708$67,144,585$44,497,954$191,372,268
90$285,080,118$70,347,263$45,901,229$209,227,286
91$314,068,130$73,704,119$47,348,760$228,828,689
92$346,010,080$77,222,621$48,841,944$250,351,156
93$381,207,178$80,910,600$50,382,219$273,987,019
94$419,991,359$84,776,269$51,971,072$299,948,058
95$462,728,410$88,828,238$53,610,035$328,467,475
96$509,821,424$93,075,538$55,300,688$359,802,075
97$561,714,610$97,527,639$57,044,661$394,234,658
98$618,897,479$102,194,473$58,843,637$432,076,666
99$681,909,473$107,086,453$60,699,349$473,671,093
100$751,345,050$112,214,500$62,613,589$519,395,692