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%11.7%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,520,112
2 years$784,910$770,292$756,124$742,388$729,064$718,050
3 years$518,075$503,394$489,263$475,655$462,548$451,784
4 years$384,684$370,048$356,058$342,683$329,893$319,462
5 years$304,671$290,122$276,316$263,213$250,780$240,711
6 years$251,346$236,907$223,304$210,494$198,433$188,741
7 years$213,271$198,954$185,567$173,059$161,380$152,068
8 years$184,728$170,540$157,375$145,175$133,880$124,949
9 years$162,540$148,486$135,547$123,656$112,746$104,194
10 years$144,800$130,883$118,173$106,593$96,065$87,887
11 years$130,295$116,517$104,038$92,768$82,619$74,809
12 years$118,216$104,580$92,331$81,370$71,596$64,147
13 years$108,003$94,510$82,492$71,837$62,433$55,338
14 years$99,257$85,907$74,119$63,769$54,729$47,978
15 years$91,683$78,477$66,919$56,871$48,187$41,772
16 years$85,063$72,001$60,672$50,922$42,588$36,499
17 years$79,228$66,311$55,209$45,753$37,762$31,988
18 years$74,047$61,274$50,399$41,233$33,576$28,108
19 years$69,417$56,788$46,138$37,257$29,927$24,754
20 years$65,255$52,770$42,343$33,743$26,731$21,843
21 years$61,494$49,153$38,947$30,624$23,921$19,306
22 years$58,080$45,883$35,896$27,845$21,442$17,090
23 years$54,967$42,913$33,144$25,359$19,248$15,147
24 years$52,118$40,207$30,652$23,128$17,300$13,441
25 years$49,501$37,732$28,390$21,122$15,568$11,938
26 years$47,089$35,462$26,330$19,313$14,023$10,613
27 years$44,859$33,374$24,450$17,678$12,643$9,443
28 years$42,793$31,448$22,730$16,197$11,408$8,407
29 years$40,872$29,668$21,152$14,853$10,301$7,489
30 years$39,083$28,018$19,702$13,631$9,308$6,675
31 years$37,412$26,486$18,368$12,519$8,415$5,953
32 years$35,850$25,062$17,137$11,505$7,612$5,311
33 years$34,384$23,734$16,001$10,580$6,889$4,739
34 years$33,008$22,494$14,951$9,735$6,237$4,231
35 years$31,714$21,335$13,978$8,961$5,649$3,779
36 years$30,494$20,250$13,076$8,253$5,118$3,375
37 years$29,343$19,233$12,239$7,604$4,639$3,016
38 years$28,255$18,278$11,461$7,009$4,206$2,695
39 years$27,225$17,381$10,738$6,463$3,814$2,409
40 years$26,249$16,537$10,065$5,961$3,459$2,154
41 years$25,324$15,741$9,437$5,500$3,138$1,926
42 years$24,444$14,991$8,853$5,075$2,848$1,722
43 years$23,608$14,284$8,307$4,685$2,584$1,540
44 years$22,812$13,615$7,798$4,326$2,346$1,377
45 years$22,054$12,984$7,322$3,995$2,130$1,232
46 years$21,331$12,386$6,877$3,690$1,934$1,102
47 years$20,640$11,820$6,460$3,410$1,756$986
48 years$19,980$11,284$6,071$3,151$1,595$882
49 years$19,350$10,775$5,706$2,912$1,448$790
50 years$18,746$10,293$5,365$2,691$1,315$707

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 $3,114 every year, while hoping to spend $53,231 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: 65/29/6 Blend
62$19,200,000$19,200,000$19,200,000$19,200,000
63$21,161,612$20,144,012$19,846,412$22,516,484
64$23,263,459$21,074,431$20,454,630$24,347,734
65$25,577,911$22,048,657$21,081,438$26,340,960
66$28,126,596$23,068,779$21,727,405$28,517,123
67$30,933,348$24,136,990$22,393,113$30,893,998
68$34,024,432$25,255,584$23,079,164$33,491,132
69$37,428,786$26,426,970$23,786,178$36,330,027
70$41,178,302$27,653,671$24,514,794$39,434,332
71$45,308,118$28,938,330$25,265,670$42,830,066
72$49,856,960$30,283,722$26,039,483$46,545,849
73$54,867,496$31,692,751$26,836,932$50,613,176
74$60,386,749$33,168,464$27,658,738$55,066,699
75$66,466,533$34,714,055$28,505,641$59,944,549
76$73,163,946$36,332,869$29,378,406$65,288,692
77$80,541,906$38,028,418$30,277,821$71,145,314
78$88,669,748$39,804,378$31,204,695$77,565,248
79$97,623,876$41,664,606$32,159,866$84,604,447
80$107,488,484$43,613,144$33,144,194$92,324,503
81$118,356,351$45,654,230$34,158,567$100,793,219
82$130,329,719$47,792,307$35,203,899$110,085,237
83$143,521,251$50,032,032$36,281,131$120,282,735
84$158,055,105$52,378,287$37,391,234$131,476,191
85$174,068,094$54,836,191$38,535,209$143,765,226
86$191,710,985$57,411,111$39,714,085$157,259,530
87$211,149,923$60,108,672$40,928,923$172,079,889
88$232,567,990$62,934,773$42,180,818$188,359,310
89$256,166,946$65,895,597$43,470,895$206,244,261
90$282,169,120$68,997,627$44,800,317$225,896,045
91$310,819,521$72,247,661$46,170,278$247,492,301
92$342,388,141$75,652,825$47,582,011$271,228,670
93$377,172,508$79,220,591$49,036,785$297,320,623
94$415,500,496$82,958,791$50,535,909$326,005,481
95$457,733,414$86,875,640$52,080,730$357,544,633
96$504,269,424$90,979,748$53,672,636$392,225,987
97$555,547,294$95,280,144$55,313,058$430,366,668
98$612,050,542$99,786,295$57,003,469$472,315,993
99$674,312,000$104,508,126$58,745,388$518,458,742
100$742,918,844$109,456,044$60,540,378$569,218,774