Can I retire at age 63 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,530,593
2 years$788,998$774,304$760,063$746,255$732,861$724,370
3 years$520,774$506,016$491,811$478,133$464,957$456,652
4 years$386,688$371,975$357,912$344,468$331,612$323,557
5 years$306,257$291,633$277,755$264,584$252,086$244,306
6 years$252,655$238,140$224,467$211,590$199,467$191,972
7 years$214,382$199,990$186,533$173,960$162,220$155,013
8 years$185,691$171,428$158,195$145,931$134,577$127,659
9 years$163,387$149,259$136,253$124,301$113,333$106,702
10 years$145,554$131,565$118,789$107,148$96,566$90,218
11 years$130,973$117,124$104,580$93,251$83,050$76,982
12 years$118,831$105,124$92,812$81,794$71,969$66,175
13 years$108,565$95,002$82,921$72,212$62,759$57,234
14 years$99,774$86,354$74,505$64,101$55,014$49,751
15 years$92,161$78,886$67,268$57,167$48,438$43,432
16 years$85,506$72,376$60,988$51,187$42,810$38,052
17 years$79,641$66,656$55,497$45,991$37,958$33,442
18 years$74,433$61,593$50,662$41,447$33,751$29,468
19 years$69,778$57,084$46,378$37,451$30,083$26,026
20 years$65,595$53,045$42,564$33,919$26,871$23,032
21 years$61,814$49,409$39,150$30,784$24,046$20,417
22 years$58,382$46,122$36,083$27,990$21,554$18,127
23 years$55,253$43,137$33,316$25,491$19,348$16,115
24 years$52,389$40,416$30,812$23,249$17,390$14,343
25 years$49,758$37,929$28,538$21,232$15,649$12,780
26 years$47,334$35,647$26,468$19,414$14,096$11,397
27 years$45,093$33,548$24,578$17,770$12,709$10,172
28 years$43,015$31,612$22,848$16,281$11,467$9,085
29 years$41,085$29,822$21,262$14,930$10,355$8,119
30 years$39,286$28,164$19,805$13,702$9,356$7,260
31 years$37,607$26,624$18,463$12,584$8,459$6,495
32 years$36,036$25,192$17,227$11,565$7,652$5,814
33 years$34,563$23,857$16,085$10,635$6,925$5,206
34 years$33,180$22,611$15,029$9,785$6,269$4,663
35 years$31,879$21,446$14,051$9,008$5,678$4,178
36 years$30,653$20,356$13,144$8,296$5,145$3,745
37 years$29,496$19,333$12,303$7,644$4,663$3,357
38 years$28,402$18,374$11,521$7,045$4,228$3,010
39 years$27,367$17,471$10,794$6,496$3,834$2,700
40 years$26,386$16,623$10,117$5,992$3,477$2,422
41 years$25,456$15,823$9,487$5,528$3,155$2,173
42 years$24,572$15,070$8,899$5,102$2,863$1,950
43 years$23,731$14,358$8,350$4,710$2,598$1,750
44 years$22,931$13,686$7,838$4,349$2,358$1,571
45 years$22,169$13,051$7,360$4,016$2,141$1,410
46 years$21,442$12,450$6,912$3,710$1,944$1,266
47 years$20,748$11,881$6,494$3,427$1,765$1,136
48 years$20,085$11,342$6,103$3,167$1,603$1,020
49 years$19,450$10,831$5,736$2,927$1,456$916
50 years$18,844$10,347$5,393$2,705$1,322$823

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $19,300,000, adding $2,755 every year, while hoping to spend $25,066 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: 38/40/22 Blend
62$19,300,000$19,300,000$19,300,000$19,300,000
63$21,271,442$20,248,542$19,949,392$21,939,624
64$23,414,459$21,214,050$20,591,026$23,389,989
65$25,775,223$22,226,029$21,253,316$24,953,849
66$28,375,920$23,286,727$21,936,925$26,643,475
67$31,240,993$24,398,506$22,642,541$28,470,250
68$34,397,381$25,563,841$23,370,874$30,446,655
69$37,874,771$26,785,325$24,122,655$32,586,376
70$41,705,873$28,065,681$24,898,639$34,904,426
71$45,926,735$29,407,763$25,699,607$37,417,275
72$50,577,082$30,814,563$26,526,363$40,142,995
73$55,700,687$32,289,220$27,379,739$43,101,425
74$61,345,789$33,835,024$28,260,593$46,314,340
75$67,565,546$35,455,427$29,169,809$49,805,650
76$74,418,537$37,154,048$30,108,303$53,601,613
77$81,969,314$38,934,682$31,077,017$57,731,067
78$90,289,013$40,801,310$32,076,926$62,225,694
79$99,456,024$42,758,106$33,109,035$67,120,299
80$109,556,733$44,809,448$34,174,382$72,453,130
81$120,686,334$46,959,925$35,274,038$78,266,222
82$132,949,731$49,214,353$36,409,109$84,605,775
83$146,462,527$51,577,779$37,580,737$91,522,576
84$161,352,113$54,055,498$38,790,101$99,072,463
85$177,758,875$56,653,064$40,038,415$107,316,829
86$195,837,515$59,376,299$41,326,937$116,323,187
87$215,758,514$62,231,310$42,656,962$126,165,784
88$237,709,741$65,224,503$44,029,829$136,926,285
89$261,898,224$68,362,594$45,446,918$148,694,517
90$288,552,109$71,652,626$46,909,655$161,569,298
91$317,922,808$75,101,989$48,419,513$175,659,345
92$350,287,378$78,718,430$49,978,010$191,084,273
93$385,951,131$82,510,074$51,586,714$207,975,703
94$425,250,523$86,485,444$53,247,245$226,478,472
95$468,556,322$90,653,476$54,961,274$246,751,974
96$516,277,116$95,023,545$56,730,525$268,971,634
97$568,863,164$99,605,481$58,556,780$293,330,532
98$626,810,651$104,409,594$60,441,877$320,041,195
99$690,666,370$109,446,697$62,387,712$349,337,568
100$761,032,885$114,728,131$64,396,246$381,477,183