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

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,527,652
2 years$793,086$778,316$764,001$750,121$736,659$717,208
3 years$523,472$508,638$494,359$480,610$467,367$448,399
4 years$388,691$373,903$359,767$346,252$333,330$314,993
5 years$307,844$293,144$279,194$265,955$253,392$235,739
6 years$253,964$239,374$225,630$212,686$200,500$183,552
7 years$215,493$201,026$187,500$174,861$163,061$146,824
8 years$186,653$172,317$159,015$146,687$135,274$119,748
9 years$164,233$150,033$136,959$124,945$113,921$99,097
10 years$146,308$132,246$119,404$107,703$97,066$82,936
11 years$131,652$117,731$105,121$93,734$83,480$70,030
12 years$119,447$105,669$93,293$82,218$72,342$59,557
13 years$109,128$95,494$83,351$72,586$63,084$50,948
14 years$100,290$86,801$74,891$64,434$55,299$43,794
15 years$92,638$79,295$67,617$57,463$48,689$37,797
16 years$85,949$72,751$61,304$51,452$43,032$32,732
17 years$80,053$67,001$55,784$46,229$38,155$28,427
18 years$74,818$61,912$50,924$41,662$33,926$24,749
19 years$70,140$57,380$46,619$37,645$30,239$21,592
20 years$65,934$53,320$42,784$34,095$27,010$18,872
21 years$62,135$49,665$39,353$30,943$24,171$16,521
22 years$58,685$46,361$36,270$28,135$21,666$14,481
23 years$55,539$43,360$33,489$25,623$19,448$12,709
24 years$52,661$40,626$30,972$23,369$17,481$11,164
25 years$50,016$38,125$28,686$21,342$15,730$9,817
26 years$47,579$35,832$26,605$19,514$14,169$8,638
27 years$45,326$33,722$24,705$17,862$12,774$7,606
28 years$43,238$31,776$22,966$16,365$11,527$6,702
29 years$41,298$29,977$21,372$15,007$10,408$5,908
30 years$39,490$28,310$19,907$13,773$9,404$5,210
31 years$37,802$26,762$18,559$12,649$8,503$4,597
32 years$36,223$25,323$17,316$11,625$7,691$4,057
33 years$34,743$23,981$16,168$10,690$6,961$3,582
34 years$33,352$22,728$15,106$9,836$6,302$3,163
35 years$32,044$21,558$14,123$9,055$5,708$2,794
36 years$30,812$20,461$13,212$8,339$5,172$2,469
37 years$29,648$19,434$12,366$7,683$4,687$2,182
38 years$28,549$18,469$11,581$7,082$4,249$1,928
39 years$27,509$17,562$10,850$6,530$3,854$1,705
40 years$26,523$16,709$10,169$6,023$3,495$1,507
41 years$25,587$15,905$9,536$5,557$3,171$1,332
42 years$24,699$15,148$8,945$5,128$2,877$1,178
43 years$23,854$14,433$8,393$4,734$2,611$1,042
44 years$23,050$13,757$7,879$4,371$2,370$922
45 years$22,284$13,119$7,398$4,037$2,152$815
46 years$21,553$12,515$6,948$3,729$1,954$721
47 years$20,855$11,943$6,528$3,445$1,774$638
48 years$20,189$11,401$6,134$3,183$1,611$564
49 years$19,551$10,887$5,766$2,942$1,463$499
50 years$18,941$10,400$5,421$2,719$1,329$442

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 $5,073 every year, while hoping to spend $43,828 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: 80/7/13 Blend
62$19,400,000$19,400,000$19,400,000$19,400,000
63$21,384,033$20,355,833$20,055,133$23,040,932
64$23,518,571$21,306,636$20,680,347$25,081,195
65$25,869,364$22,302,560$21,325,037$27,313,533
66$28,458,423$23,345,768$21,989,809$29,762,101
67$31,310,002$24,438,531$22,675,288$32,448,532
68$34,450,830$25,583,227$23,382,118$35,396,652
69$37,910,360$26,782,351$24,110,964$38,632,698
70$41,721,047$28,038,516$24,862,512$42,185,567
71$45,918,654$29,354,463$25,637,466$46,087,084
72$50,542,592$30,733,067$26,436,557$50,372,304
73$55,636,289$32,177,341$27,260,534$55,079,834
74$61,247,602$33,690,441$28,110,173$60,252,201
75$67,429,265$35,275,681$28,986,272$65,936,247
76$74,239,392$36,936,531$29,889,654$72,183,569
77$81,742,020$38,676,631$30,821,167$79,051,006
78$90,007,719$40,499,798$31,781,689$86,601,168
79$99,114,250$42,410,033$32,772,120$94,903,027
80$109,147,309$44,411,530$33,793,391$104,032,564
81$120,201,328$46,508,688$34,846,463$114,073,482
82$132,380,367$48,706,117$35,932,323$125,117,994
83$145,799,101$51,008,654$37,051,993$137,267,688
84$160,583,899$53,421,367$38,206,523$150,634,484
85$176,874,014$55,949,572$39,396,999$165,341,686
86$194,822,903$58,598,841$40,624,539$181,525,141
87$214,599,673$61,375,018$41,890,295$199,334,516
88$236,390,676$64,284,230$43,195,456$218,934,711
89$260,401,269$67,332,901$44,541,248$240,507,404
90$286,857,753$70,527,767$45,928,934$264,252,766
91$316,009,508$73,875,892$47,359,817$290,391,347
92$348,131,348$77,384,682$48,835,242$319,166,146
93$383,526,116$81,061,901$50,356,593$350,844,905
94$422,527,539$84,915,694$51,925,298$385,722,630
95$465,503,383$88,954,597$53,542,830$424,124,367
96$512,858,920$93,187,565$55,210,708$466,408,267
97$565,040,760$97,623,986$56,930,496$512,968,960
98$622,541,060$102,273,703$58,703,810$564,241,271
99$685,902,173$107,147,040$60,532,313$620,704,324
100$755,721,771$112,254,822$62,417,722$682,886,049