Can I retire at age 63 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,516,369
2 years$793,086$778,316$764,001$750,121$736,659$705,945
3 years$523,472$508,638$494,359$480,610$467,367$437,510
4 years$388,691$373,903$359,767$346,252$333,330$304,562
5 years$307,844$293,144$279,194$265,955$253,392$225,794
6 years$253,964$239,374$225,630$212,686$200,500$174,102
7 years$215,493$201,026$187,500$174,861$163,061$137,868
8 years$186,653$172,317$159,015$146,687$135,274$111,281
9 years$164,233$150,033$136,959$124,945$113,921$91,110
10 years$146,308$132,246$119,404$107,703$97,066$75,417
11 years$131,652$117,731$105,121$93,734$83,480$62,966
12 years$119,447$105,669$93,293$82,218$72,342$52,934
13 years$109,128$95,494$83,351$72,586$63,084$44,749
14 years$100,290$86,801$74,891$64,434$55,299$38,003
15 years$92,638$79,295$67,617$57,463$48,689$32,397
16 years$85,949$72,751$61,304$51,452$43,032$27,704
17 years$80,053$67,001$55,784$46,229$38,155$23,755
18 years$74,818$61,912$50,924$41,662$33,926$20,414
19 years$70,140$57,380$46,619$37,645$30,239$17,576
20 years$65,934$53,320$42,784$34,095$27,010$15,157
21 years$62,135$49,665$39,353$30,943$24,171$13,089
22 years$58,685$46,361$36,270$28,135$21,666$11,316
23 years$55,539$43,360$33,489$25,623$19,448$9,794
24 years$52,661$40,626$30,972$23,369$17,481$8,484
25 years$50,016$38,125$28,686$21,342$15,730$7,354
26 years$47,579$35,832$26,605$19,514$14,169$6,379
27 years$45,326$33,722$24,705$17,862$12,774$5,536
28 years$43,238$31,776$22,966$16,365$11,527$4,807
29 years$41,298$29,977$21,372$15,007$10,408$4,176
30 years$39,490$28,310$19,907$13,773$9,404$3,629
31 years$37,802$26,762$18,559$12,649$8,503$3,154
32 years$36,223$25,323$17,316$11,625$7,691$2,743
33 years$34,743$23,981$16,168$10,690$6,961$2,385
34 years$33,352$22,728$15,106$9,836$6,302$2,075
35 years$32,044$21,558$14,123$9,055$5,708$1,805
36 years$30,812$20,461$13,212$8,339$5,172$1,571
37 years$29,648$19,434$12,366$7,683$4,687$1,367
38 years$28,549$18,469$11,581$7,082$4,249$1,190
39 years$27,509$17,562$10,850$6,530$3,854$1,036
40 years$26,523$16,709$10,169$6,023$3,495$902
41 years$25,587$15,905$9,536$5,557$3,171$785
42 years$24,699$15,148$8,945$5,128$2,877$684
43 years$23,854$14,433$8,393$4,734$2,611$595
44 years$23,050$13,757$7,879$4,371$2,370$518
45 years$22,284$13,119$7,398$4,037$2,152$451
46 years$21,553$12,515$6,948$3,729$1,954$393
47 years$20,855$11,943$6,528$3,445$1,774$342
48 years$20,189$11,401$6,134$3,183$1,611$298
49 years$19,551$10,887$5,766$2,942$1,463$260
50 years$18,941$10,400$5,421$2,719$1,329$226

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $19,400,000, adding $2,483 every year, while hoping to spend $53,569 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: 47/37/16 Blend
62$19,400,000$19,400,000$19,400,000$19,400,000
63$21,381,361$20,353,161$20,052,461$22,289,627
64$23,505,263$21,293,469$20,667,222$23,860,553
65$25,844,007$22,278,057$21,300,781$25,558,924
66$28,419,452$23,309,037$21,953,713$27,401,105
67$31,255,681$24,388,625$22,626,608$29,400,529
68$34,379,236$25,519,143$23,320,074$31,571,943
69$37,819,360$26,703,023$24,034,739$33,931,542
70$41,608,280$27,942,817$24,771,248$36,497,116
71$45,781,508$29,241,198$25,530,268$39,288,204
72$50,378,175$30,600,969$26,312,485$42,326,276
73$55,441,400$32,025,068$27,118,604$45,634,923
74$61,018,700$33,516,574$27,949,355$49,240,071
75$67,162,438$35,078,716$28,805,489$53,170,217
76$73,930,311$36,714,878$29,687,777$57,456,688
77$81,385,902$38,428,606$30,597,017$62,133,924
78$89,599,276$40,223,620$31,534,029$67,239,795
79$98,647,643$42,103,819$32,499,660$72,815,942
80$108,616,085$44,073,288$33,494,780$78,908,164
81$119,598,358$46,136,312$34,520,289$85,566,833
82$131,697,782$48,297,382$35,577,109$92,847,358
83$145,028,209$50,561,207$36,666,196$100,810,693
84$159,715,103$52,932,723$37,788,530$109,523,900
85$175,896,722$55,417,105$38,945,125$119,060,764
86$193,725,422$58,019,778$40,137,021$129,502,474
87$213,369,098$60,746,430$41,365,294$140,938,376
88$235,012,765$63,603,023$42,631,050$153,466,794
89$258,860,306$66,595,811$43,935,429$167,195,942
90$285,136,398$69,731,346$45,279,607$182,244,928
91$314,088,630$73,016,502$46,664,794$198,744,856
92$345,989,842$76,458,482$48,092,236$216,840,044
93$381,140,699$80,064,841$49,563,219$236,689,362
94$419,872,530$83,843,498$51,079,066$258,467,713
95$462,550,456$87,802,756$52,641,142$282,367,654
96$509,576,834$91,951,323$54,250,852$308,601,197
97$561,395,058$96,298,325$55,909,643$337,401,774
98$618,493,746$100,853,335$57,619,008$369,026,421
99$681,411,346$105,626,386$59,380,482$403,758,173
100$750,741,225$110,628,001$61,195,650$441,908,703