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

Use the below retirement simulation to view the chances of a successful retirement.
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%14%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,513,513
2 years$788,998$774,304$760,063$746,255$732,861$707,249
3 years$520,774$506,016$491,811$478,133$464,957$440,026
4 years$386,688$371,975$357,912$344,468$331,612$307,553
5 years$306,257$291,633$277,755$264,584$252,086$228,970
6 years$252,655$238,140$224,467$211,590$199,467$177,319
7 years$214,382$199,990$186,533$173,960$162,220$141,048
8 years$185,691$171,428$158,195$145,931$134,577$114,376
9 years$163,387$149,259$136,253$124,301$113,333$94,093
10 years$145,554$131,565$118,789$107,148$96,566$78,269
11 years$130,973$117,124$104,580$93,251$83,050$65,678
12 years$118,831$105,124$92,812$81,794$71,969$55,500
13 years$108,565$95,002$82,921$72,212$62,759$47,167
14 years$99,774$86,354$74,505$64,101$55,014$40,273
15 years$92,161$78,886$67,268$57,167$48,438$34,522
16 years$85,506$72,376$60,988$51,187$42,810$29,688
17 years$79,641$66,656$55,497$45,991$37,958$25,602
18 years$74,433$61,593$50,662$41,447$33,751$22,129
19 years$69,778$57,084$46,378$37,451$30,083$19,166
20 years$65,595$53,045$42,564$33,919$26,871$16,627
21 years$61,814$49,409$39,150$30,784$24,046$14,446
22 years$58,382$46,122$36,083$27,990$21,554$12,567
23 years$55,253$43,137$33,316$25,491$19,348$10,944
24 years$52,389$40,416$30,812$23,249$17,390$9,539
25 years$49,758$37,929$28,538$21,232$15,649$8,322
26 years$47,334$35,647$26,468$19,414$14,096$7,265
27 years$45,093$33,548$24,578$17,770$12,709$6,346
28 years$43,015$31,612$22,848$16,281$11,467$5,546
29 years$41,085$29,822$21,262$14,930$10,355$4,850
30 years$39,286$28,164$19,805$13,702$9,356$4,242
31 years$37,607$26,624$18,463$12,584$8,459$3,712
32 years$36,036$25,192$17,227$11,565$7,652$3,249
33 years$34,563$23,857$16,085$10,635$6,925$2,845
34 years$33,180$22,611$15,029$9,785$6,269$2,491
35 years$31,879$21,446$14,051$9,008$5,678$2,182
36 years$30,653$20,356$13,144$8,296$5,145$1,912
37 years$29,496$19,333$12,303$7,644$4,663$1,675
38 years$28,402$18,374$11,521$7,045$4,228$1,468
39 years$27,367$17,471$10,794$6,496$3,834$1,287
40 years$26,386$16,623$10,117$5,992$3,477$1,128
41 years$25,456$15,823$9,487$5,528$3,155$989
42 years$24,572$15,070$8,899$5,102$2,863$867
43 years$23,731$14,358$8,350$4,710$2,598$760
44 years$22,931$13,686$7,838$4,349$2,358$666
45 years$22,169$13,051$7,360$4,016$2,141$584
46 years$21,442$12,450$6,912$3,710$1,944$512
47 years$20,748$11,881$6,494$3,427$1,765$449
48 years$20,085$11,342$6,103$3,167$1,603$394
49 years$19,450$10,831$5,736$2,927$1,456$346
50 years$18,844$10,347$5,393$2,705$1,322$303

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 $6,671 every year, while hoping to spend $41,504 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: 60/27/13 Blend
62$19,300,000$19,300,000$19,300,000$19,300,000
63$21,275,481$20,252,581$19,953,431$22,483,788
64$23,401,420$21,200,798$20,577,711$24,245,919
65$25,742,814$22,194,086$21,221,513$26,161,985
66$28,321,595$23,234,610$21,885,448$28,251,099
67$31,161,932$24,324,640$22,570,145$30,529,968
68$34,290,457$25,466,555$23,276,252$33,016,962
69$37,736,516$26,662,849$24,004,439$35,732,282
70$41,532,449$27,916,137$24,755,396$38,698,145
71$45,713,892$29,229,160$25,529,835$41,938,984
72$50,320,113$30,604,794$26,328,489$45,481,677
73$55,394,386$32,046,050$27,152,115$49,355,793
74$60,984,396$33,556,089$28,001,494$53,593,859
75$67,142,691$35,138,224$28,877,430$58,231,667
76$73,927,174$36,795,926$29,780,753$63,308,599
77$81,401,657$38,532,837$30,712,319$68,867,992
78$89,636,456$40,352,776$31,673,011$74,957,539
79$98,709,056$42,259,744$32,663,739$81,629,732
80$108,704,847$44,257,938$33,685,441$88,942,342
81$119,717,923$46,351,759$34,739,086$96,958,964
82$131,851,977$48,545,821$35,825,670$105,749,598
83$145,221,273$50,844,960$36,946,225$115,391,305
84$159,951,729$53,254,250$38,101,810$125,968,923
85$176,182,106$55,779,009$39,293,521$137,575,851
86$194,065,313$58,424,812$40,522,486$150,314,926
87$213,769,855$61,197,508$41,789,869$164,299,376
88$235,481,422$64,103,227$43,096,871$179,653,877
89$259,404,640$67,148,399$44,444,729$196,515,715
90$285,765,006$70,339,763$45,834,721$215,036,069
91$314,811,013$73,684,388$47,268,161$235,381,423
92$346,816,500$77,189,687$48,746,408$257,735,119
93$382,083,231$80,863,430$50,270,861$282,299,076
94$420,943,750$84,713,767$51,842,964$309,295,671
95$463,764,515$88,749,243$53,464,205$338,969,828
96$510,949,359$92,978,820$55,136,119$371,591,307
97$562,943,304$97,411,893$56,860,290$407,457,229
98$620,236,761$102,058,316$58,638,350$446,894,866
99$683,370,158$106,928,420$60,471,982$490,264,700
100$752,939,043$112,033,041$62,362,922$537,963,809