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%14%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,505,671
2 years$784,910$770,292$756,124$742,388$729,064$703,585
3 years$518,075$503,394$489,263$475,655$462,548$437,746
4 years$384,684$370,048$356,058$342,683$329,893$305,960
5 years$304,671$290,122$276,316$263,213$250,780$227,783
6 years$251,346$236,907$223,304$210,494$198,433$176,401
7 years$213,271$198,954$185,567$173,059$161,380$140,317
8 years$184,728$170,540$157,375$145,175$133,880$113,784
9 years$162,540$148,486$135,547$123,656$112,746$93,605
10 years$144,800$130,883$118,173$106,593$96,065$77,864
11 years$130,295$116,517$104,038$92,768$82,619$65,338
12 years$118,216$104,580$92,331$81,370$71,596$55,212
13 years$108,003$94,510$82,492$71,837$62,433$46,922
14 years$99,257$85,907$74,119$63,769$54,729$40,065
15 years$91,683$78,477$66,919$56,871$48,187$34,343
16 years$85,063$72,001$60,672$50,922$42,588$29,534
17 years$79,228$66,311$55,209$45,753$37,762$25,469
18 years$74,047$61,274$50,399$41,233$33,576$22,015
19 years$69,417$56,788$46,138$37,257$29,927$19,067
20 years$65,255$52,770$42,343$33,743$26,731$16,541
21 years$61,494$49,153$38,947$30,624$23,921$14,371
22 years$58,080$45,883$35,896$27,845$21,442$12,502
23 years$54,967$42,913$33,144$25,359$19,248$10,887
24 years$52,118$40,207$30,652$23,128$17,300$9,490
25 years$49,501$37,732$28,390$21,122$15,568$8,279
26 years$47,089$35,462$26,330$19,313$14,023$7,227
27 years$44,859$33,374$24,450$17,678$12,643$6,313
28 years$42,793$31,448$22,730$16,197$11,408$5,518
29 years$40,872$29,668$21,152$14,853$10,301$4,824
30 years$39,083$28,018$19,702$13,631$9,308$4,220
31 years$37,412$26,486$18,368$12,519$8,415$3,693
32 years$35,850$25,062$17,137$11,505$7,612$3,232
33 years$34,384$23,734$16,001$10,580$6,889$2,830
34 years$33,008$22,494$14,951$9,735$6,237$2,478
35 years$31,714$21,335$13,978$8,961$5,649$2,171
36 years$30,494$20,250$13,076$8,253$5,118$1,902
37 years$29,343$19,233$12,239$7,604$4,639$1,666
38 years$28,255$18,278$11,461$7,009$4,206$1,460
39 years$27,225$17,381$10,738$6,463$3,814$1,280
40 years$26,249$16,537$10,065$5,961$3,459$1,122
41 years$25,324$15,741$9,437$5,500$3,138$984
42 years$24,444$14,991$8,853$5,075$2,848$862
43 years$23,608$14,284$8,307$4,685$2,584$756
44 years$22,812$13,615$7,798$4,326$2,346$663
45 years$22,054$12,984$7,322$3,995$2,130$581
46 years$21,331$12,386$6,877$3,690$1,934$510
47 years$20,640$11,820$6,460$3,410$1,756$447
48 years$19,980$11,284$6,071$3,151$1,595$392
49 years$19,350$10,775$5,706$2,912$1,448$344
50 years$18,746$10,293$5,365$2,691$1,315$301

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 $3,953 every year, while hoping to spend $24,971 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: 34/38/28 Blend
62$19,200,000$19,200,000$19,200,000$19,200,000
63$21,162,478$20,144,878$19,847,278$21,702,458
64$23,294,481$21,105,408$20,485,592$23,070,800
65$25,643,112$22,112,167$21,144,454$24,542,813
66$28,230,441$23,167,394$21,824,524$26,129,721
67$31,080,786$24,273,436$22,526,486$27,841,768
68$34,220,948$25,432,757$23,251,045$29,690,183
69$37,680,459$26,647,936$23,998,929$31,687,270
70$41,491,863$27,921,682$24,770,890$33,846,518
71$45,691,022$29,256,833$25,567,704$36,182,722
72$50,317,456$30,656,367$26,390,172$38,712,108
73$55,414,713$32,123,406$27,239,119$41,452,474
74$61,030,783$33,661,223$28,115,399$44,423,356
75$67,218,552$35,273,252$29,019,894$47,646,190
76$74,036,296$36,963,093$29,953,512$51,144,511
77$81,548,236$38,734,522$30,917,192$54,944,157
78$89,825,141$40,591,498$31,911,903$59,073,504
79$98,944,998$42,538,174$32,938,645$63,563,716
80$108,993,748$44,578,905$33,998,450$68,449,028
81$120,066,096$46,718,257$35,092,384$73,767,052
82$132,266,406$48,961,019$36,221,546$79,559,120
83$145,709,684$51,312,214$37,387,073$85,870,653
84$160,522,668$53,777,109$38,590,136$92,751,575
85$176,845,020$56,361,228$39,831,946$100,256,768
86$194,830,647$59,070,363$41,113,751$108,446,567
87$214,649,152$61,910,590$42,436,841$117,387,315
88$236,487,437$64,888,280$43,802,546$127,151,965
89$260,551,465$68,010,115$45,212,241$137,820,749
90$287,068,207$71,283,103$46,667,343$149,481,912
91$316,287,781$74,714,592$48,169,316$162,232,521
92$348,485,819$78,312,291$49,719,673$176,179,360
93$383,966,062$82,084,283$51,319,971$191,439,908
94$423,063,233$86,039,046$52,971,823$208,143,425
95$466,146,193$90,185,469$54,676,889$226,432,141
96$513,621,426$94,532,878$56,436,886$246,462,571
97$565,936,875$99,091,053$58,253,585$268,406,961
98$623,586,171$103,870,249$60,128,815$292,454,882
99$687,113,292$108,881,223$62,064,462$318,814,987
100$757,117,702$114,135,257$64,062,476$347,716,942