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

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,532,986
2 years$797,174$782,328$767,939$753,988$740,456$718,363
3 years$526,170$511,260$496,907$483,087$469,776$448,247
4 years$390,695$375,830$361,621$348,037$335,048$314,250
5 years$309,431$294,655$280,633$267,326$254,698$234,692
6 years$255,273$240,608$226,793$213,783$201,534$182,342
7 years$216,603$202,062$188,466$175,763$163,901$145,531
8 years$187,615$173,205$159,834$147,443$135,972$118,421
9 years$165,080$150,806$137,665$125,589$114,508$97,767
10 years$147,062$132,928$120,020$108,259$97,566$81,624
11 years$132,330$118,338$105,663$94,217$83,910$68,751
12 years$120,063$106,214$93,774$82,641$72,715$58,320
13 years$109,690$95,986$83,780$72,960$63,409$49,760
14 years$100,807$87,249$75,277$64,766$55,584$42,659
15 years$93,116$79,703$67,965$57,760$48,940$36,717
16 years$86,392$73,126$61,620$51,717$43,254$31,708
17 years$80,466$67,347$56,072$46,468$38,352$27,461
18 years$75,204$62,231$51,187$41,877$34,101$23,839
19 years$70,501$57,675$46,859$37,839$30,395$20,738
20 years$66,274$53,595$43,005$34,271$27,149$18,072
21 years$62,455$49,921$39,556$31,103$24,295$15,772
22 years$58,987$46,600$36,457$28,280$21,777$13,784
23 years$55,826$43,584$33,662$25,755$19,549$12,059
24 years$52,932$40,835$31,131$23,490$17,571$10,561
25 years$50,274$38,322$28,834$21,452$15,811$9,257
26 years$47,824$36,016$26,742$19,615$14,242$8,120
27 years$45,560$33,896$24,832$17,954$12,840$7,127
28 years$43,461$31,940$23,085$16,450$11,586$6,259
29 years$41,511$30,131$21,482$15,085$10,462$5,500
30 years$39,694$28,456$20,010$13,844$9,453$4,835
31 years$37,997$26,900$18,655$12,715$8,546$4,251
32 years$36,410$25,453$17,405$11,685$7,731$3,740
33 years$34,922$24,105$16,251$10,745$6,996$3,291
34 years$33,524$22,846$15,184$9,887$6,334$2,897
35 years$32,209$21,669$14,196$9,101$5,737$2,550
36 years$30,971$20,567$13,280$8,382$5,198$2,245
37 years$29,801$19,534$12,430$7,723$4,711$1,978
38 years$28,696$18,564$11,640$7,118$4,271$1,742
39 years$27,651$17,653$10,906$6,564$3,873$1,534
40 years$26,660$16,795$10,222$6,054$3,513$1,352
41 years$25,719$15,987$9,585$5,585$3,187$1,191
42 years$24,826$15,226$8,991$5,155$2,892$1,050
43 years$23,977$14,507$8,437$4,758$2,625$925
44 years$23,169$13,828$7,919$4,394$2,383$815
45 years$22,399$13,186$7,436$4,058$2,163$719
46 years$21,664$12,579$6,984$3,748$1,964$634
47 years$20,963$12,005$6,561$3,463$1,783$558
48 years$20,293$11,460$6,166$3,200$1,619$492
49 years$19,652$10,944$5,796$2,957$1,471$434
50 years$19,039$10,454$5,449$2,733$1,336$383

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 $6,111 every year, while hoping to spend $27,308 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: 52/35/13 Blend
62$19,500,000$19,500,000$19,500,000$19,500,000
63$21,495,303$20,461,803$20,159,553$22,538,287
64$23,658,769$21,435,376$20,805,843$24,224,954
65$26,041,993$22,455,739$21,472,868$26,054,949
66$28,667,361$23,525,155$22,161,294$28,044,591
67$31,559,543$24,645,999$22,871,809$30,208,978
68$34,745,724$25,820,760$23,605,121$32,564,700
69$38,255,858$27,052,048$24,361,964$35,129,977
70$42,122,958$28,342,601$25,143,092$37,924,834
71$46,383,399$29,695,288$25,949,285$40,971,275
72$51,077,268$31,113,119$26,781,348$44,293,483
73$56,248,738$32,599,251$27,640,113$47,918,043
74$61,946,489$34,156,994$28,526,436$51,874,179
75$68,224,162$35,789,818$29,441,203$56,194,025
76$75,140,871$37,501,363$30,385,327$60,912,913
77$82,761,756$39,295,446$31,359,752$66,069,701
78$91,158,601$41,176,069$32,365,450$71,707,122
79$100,410,512$43,147,430$33,403,426$77,872,185
80$110,604,661$45,213,930$34,474,716$84,616,597
81$121,837,109$47,380,186$35,580,392$91,997,245
82$134,213,716$49,651,037$36,721,558$100,076,716
83$147,851,138$52,031,560$37,899,352$108,923,875
84$162,877,926$54,527,079$39,114,953$118,614,501
85$179,435,746$57,143,177$40,369,575$129,231,986
86$197,680,707$59,885,708$41,664,471$140,868,106
87$217,784,844$62,760,813$43,000,936$153,623,870
88$239,937,735$65,774,929$44,380,304$167,610,460
89$264,348,294$68,934,811$45,803,954$182,950,256
90$291,246,743$72,247,540$47,273,310$199,777,975
91$320,886,784$75,720,542$48,789,839$218,241,922
92$353,547,994$79,361,607$50,355,057$238,505,372
93$389,538,467$83,178,903$51,970,528$260,748,082
94$429,197,718$87,180,997$53,637,868$285,167,971
95$472,899,892$91,376,872$55,358,744$311,982,962
96$521,057,294$95,775,952$57,134,875$341,433,012
97$574,124,282$100,388,118$58,968,037$373,782,354
98$632,601,556$105,223,732$60,860,063$409,321,960
99$697,040,884$110,293,665$62,812,845$448,372,260
100$768,050,314$115,609,314$64,828,335$491,286,138