Can I retire at age 63 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,510,024
2 years$797,174$782,328$767,939$753,988$740,456$695,543
3 years$526,170$511,260$496,907$483,087$469,776$426,290
4 years$390,695$375,830$361,621$348,037$335,048$293,324
5 years$309,431$294,655$280,633$267,326$254,698$214,850
6 years$255,273$240,608$226,793$213,783$201,534$163,598
7 years$216,603$202,062$188,466$175,763$163,901$127,877
8 years$187,615$173,205$159,834$147,443$135,972$101,838
9 years$165,080$150,806$137,665$125,589$114,508$82,231
10 years$147,062$132,928$120,020$108,259$97,566$67,102
11 years$132,330$118,338$105,663$94,217$83,910$55,208
12 years$120,063$106,214$93,774$82,641$72,715$45,719
13 years$109,690$95,986$83,780$72,960$63,409$38,059
14 years$100,807$87,249$75,277$64,766$55,584$31,816
15 years$93,116$79,703$67,965$57,760$48,940$26,690
16 years$86,392$73,126$61,620$51,717$43,254$22,453
17 years$80,466$67,347$56,072$46,468$38,352$18,934
18 years$75,204$62,231$51,187$41,877$34,101$15,998
19 years$70,501$57,675$46,859$37,839$30,395$13,539
20 years$66,274$53,595$43,005$34,271$27,149$11,474
21 years$62,455$49,921$39,556$31,103$24,295$9,735
22 years$58,987$46,600$36,457$28,280$21,777$8,268
23 years$55,826$43,584$33,662$25,755$19,549$7,028
24 years$52,932$40,835$31,131$23,490$17,571$5,978
25 years$50,274$38,322$28,834$21,452$15,811$5,088
26 years$47,824$36,016$26,742$19,615$14,242$4,332
27 years$45,560$33,896$24,832$17,954$12,840$3,691
28 years$43,461$31,940$23,085$16,450$11,586$3,145
29 years$41,511$30,131$21,482$15,085$10,462$2,681
30 years$39,694$28,456$20,010$13,844$9,453$2,286
31 years$37,997$26,900$18,655$12,715$8,546$1,950
32 years$36,410$25,453$17,405$11,685$7,731$1,663
33 years$34,922$24,105$16,251$10,745$6,996$1,419
34 years$33,524$22,846$15,184$9,887$6,334$1,211
35 years$32,209$21,669$14,196$9,101$5,737$1,033
36 years$30,971$20,567$13,280$8,382$5,198$882
37 years$29,801$19,534$12,430$7,723$4,711$753
38 years$28,696$18,564$11,640$7,118$4,271$643
39 years$27,651$17,653$10,906$6,564$3,873$549
40 years$26,660$16,795$10,222$6,054$3,513$468
41 years$25,719$15,987$9,585$5,585$3,187$400
42 years$24,826$15,226$8,991$5,155$2,892$341
43 years$23,977$14,507$8,437$4,758$2,625$291
44 years$23,169$13,828$7,919$4,394$2,383$249
45 years$22,399$13,186$7,436$4,058$2,163$212
46 years$21,664$12,579$6,984$3,748$1,964$181
47 years$20,963$12,005$6,561$3,463$1,783$155
48 years$20,293$11,460$6,166$3,200$1,619$132
49 years$19,652$10,944$5,796$2,957$1,471$113
50 years$19,039$10,454$5,449$2,733$1,336$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $19,500,000, adding $2,423 every year, while hoping to spend $44,264 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: 73/16/11 Blend
62$19,500,000$19,500,000$19,500,000$19,500,000
63$21,491,499$20,457,999$20,155,749$23,013,914
64$23,636,536$21,413,345$20,783,870$24,975,527
65$25,998,882$22,414,019$21,431,550$27,117,653
66$28,600,658$23,462,195$22,099,396$29,462,659
67$31,466,236$24,560,154$22,788,037$32,030,607
68$34,622,475$25,710,284$23,498,120$34,843,579
69$38,098,971$26,915,092$24,230,310$37,925,879
70$41,928,337$28,177,202$24,985,297$41,304,263
71$46,146,512$29,499,369$25,763,788$45,008,185
72$50,793,097$30,884,479$26,566,516$49,070,070
73$55,911,732$32,335,558$27,394,234$53,525,619
74$61,550,507$33,855,779$28,247,719$58,414,139
75$67,762,414$35,448,468$29,127,773$63,778,910
76$74,605,849$37,117,111$30,035,222$69,667,587
77$82,145,162$38,865,366$30,970,918$76,132,650
78$90,451,265$40,697,065$31,935,740$83,231,886
79$99,602,300$42,616,227$32,930,593$91,028,936
80$109,684,378$44,627,065$33,956,411$99,593,887
81$120,792,391$46,733,998$35,014,158$109,003,927
82$133,030,908$48,941,657$36,104,825$119,344,066
83$146,515,161$51,254,899$37,229,438$130,707,938
84$161,372,134$53,678,816$38,389,050$143,198,669
85$177,741,759$56,218,745$39,584,751$156,929,850
86$195,778,241$58,880,286$40,817,662$172,026,599
87$215,651,509$61,669,307$42,088,941$188,626,735
88$237,548,822$64,591,963$43,399,780$206,882,069
89$261,676,539$67,654,706$44,751,410$226,959,831
90$288,262,061$70,864,302$46,145,097$249,044,238
91$317,555,984$74,227,845$47,582,151$273,338,221
92$349,834,460$77,752,775$49,063,918$300,065,337
93$385,401,804$81,446,890$50,591,789$329,471,864
94$424,593,371$85,318,371$52,167,197$361,829,115
95$467,778,717$89,375,793$53,791,619$397,435,991
96$515,365,087$93,628,148$55,466,580$436,621,790
97$567,801,265$98,084,866$57,193,649$479,749,299
98$625,581,804$102,755,835$58,974,447$527,218,212
99$689,251,700$107,651,423$60,810,643$579,468,886
100$759,411,533$112,782,502$62,703,959$636,986,485