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%11.8%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,535,304
2 years$793,086$778,316$764,001$750,121$736,659$724,884
3 years$523,472$508,638$494,359$480,610$467,367$455,861
4 years$388,691$373,903$359,767$346,252$333,330$322,182
5 years$307,844$293,144$279,194$265,955$253,392$242,634
6 years$253,964$239,374$225,630$212,686$200,500$190,147
7 years$215,493$201,026$187,500$174,861$163,061$153,116
8 years$186,653$172,317$159,015$146,687$135,274$125,739
9 years$164,233$150,033$136,959$124,945$113,921$104,791
10 years$146,308$132,246$119,404$107,703$97,066$88,338
11 years$131,652$117,731$105,121$93,734$83,480$75,147
12 years$119,447$105,669$93,293$82,218$72,342$64,396
13 years$109,128$95,494$83,351$72,586$63,084$55,517
14 years$100,290$86,801$74,891$64,434$55,299$48,101
15 years$92,638$79,295$67,617$57,463$48,689$41,852
16 years$85,949$72,751$61,304$51,452$43,032$36,543
17 years$80,053$67,001$55,784$46,229$38,155$32,005
18 years$74,818$61,912$50,924$41,662$33,926$28,103
19 years$70,140$57,380$46,619$37,645$30,239$24,732
20 years$65,934$53,320$42,784$34,095$27,010$21,807
21 years$62,135$49,665$39,353$30,943$24,171$19,261
22 years$58,685$46,361$36,270$28,135$21,666$17,037
23 years$55,539$43,360$33,489$25,623$19,448$15,089
24 years$52,661$40,626$30,972$23,369$17,481$13,379
25 years$50,016$38,125$28,686$21,342$15,730$11,874
26 years$47,579$35,832$26,605$19,514$14,169$10,548
27 years$45,326$33,722$24,705$17,862$12,774$9,377
28 years$43,238$31,776$22,966$16,365$11,527$8,342
29 years$41,298$29,977$21,372$15,007$10,408$7,425
30 years$39,490$28,310$19,907$13,773$9,404$6,613
31 years$37,802$26,762$18,559$12,649$8,503$5,892
32 years$36,223$25,323$17,316$11,625$7,691$5,252
33 years$34,743$23,981$16,168$10,690$6,961$4,684
34 years$33,352$22,728$15,106$9,836$6,302$4,178
35 years$32,044$21,558$14,123$9,055$5,708$3,728
36 years$30,812$20,461$13,212$8,339$5,172$3,327
37 years$29,648$19,434$12,366$7,683$4,687$2,970
38 years$28,549$18,469$11,581$7,082$4,249$2,652
39 years$27,509$17,562$10,850$6,530$3,854$2,369
40 years$26,523$16,709$10,169$6,023$3,495$2,116
41 years$25,587$15,905$9,536$5,557$3,171$1,890
42 years$24,699$15,148$8,945$5,128$2,877$1,689
43 years$23,854$14,433$8,393$4,734$2,611$1,509
44 years$23,050$13,757$7,879$4,371$2,370$1,349
45 years$22,284$13,119$7,398$4,037$2,152$1,205
46 years$21,553$12,515$6,948$3,729$1,954$1,077
47 years$20,855$11,943$6,528$3,445$1,774$963
48 years$20,189$11,401$6,134$3,183$1,611$861
49 years$19,551$10,887$5,766$2,942$1,463$770
50 years$18,941$10,400$5,421$2,719$1,329$688

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 $4,577 every year, while hoping to spend $41,495 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: 65/12/23 Blend
62$19,400,000$19,400,000$19,400,000$19,400,000
63$21,383,521$20,355,321$20,054,621$22,646,051
64$23,520,490$21,308,582$20,682,301$24,449,864
65$25,874,039$22,307,161$21,329,617$26,415,394
66$28,466,215$23,353,236$21,997,183$28,562,648
67$31,321,314$24,449,089$22,685,633$30,909,468
68$34,466,106$25,597,113$23,395,620$33,475,485
69$37,930,093$26,799,815$24,127,818$36,282,308
70$41,745,782$28,059,826$24,882,919$39,353,717
71$45,948,996$29,379,902$25,661,642$42,715,891
72$50,579,211$30,762,934$26,464,723$46,397,644
73$55,679,925$32,211,953$27,292,926$50,430,698
74$61,299,073$33,730,134$28,147,035$54,849,975
75$67,489,478$35,320,810$29,027,860$59,693,925
76$74,309,348$36,987,473$29,936,236$65,004,879
77$81,822,827$38,733,785$30,873,026$70,829,450
78$90,100,599$40,563,584$31,839,116$77,218,965
79$99,220,557$42,480,897$32,835,424$84,229,941
80$109,268,537$44,489,943$33,862,893$91,924,619
81$120,339,126$46,595,149$34,922,499$100,371,541
82$132,536,559$48,801,153$36,015,244$109,646,194
83$145,975,699$51,112,822$37,142,167$119,831,712
84$160,783,125$53,535,254$38,304,334$131,019,660
85$177,098,323$56,073,800$39,502,848$143,310,888
86$195,075,003$58,734,068$40,738,844$156,816,474
87$214,882,552$61,521,937$42,013,495$171,658,769
88$236,707,634$64,443,573$43,328,009$187,972,544
89$260,755,947$67,505,442$44,683,631$205,906,250
90$287,254,168$70,714,323$46,081,646$225,623,416
91$316,452,092$74,077,324$47,523,381$247,304,181
92$348,624,991$77,601,899$49,010,200$271,146,983
93$384,076,213$81,295,864$50,543,514$297,370,430
94$423,140,040$85,167,415$52,124,775$326,215,347
95$466,184,851$89,225,145$53,755,482$357,947,041
96$513,616,595$93,478,067$55,437,180$392,857,796
97$565,882,625$97,935,630$57,171,463$431,269,619
98$623,475,920$102,607,743$58,959,975$473,537,269
99$686,939,740$107,504,798$60,804,409$520,051,595
100$756,872,751$112,637,690$62,706,515$571,243,208