Can I retire at age 63 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,556,346
2 years$801,262$786,339$771,877$757,855$744,253$737,605
3 years$528,869$513,882$499,455$485,565$472,185$465,679
4 years$392,699$377,757$363,476$349,822$336,766$330,453
5 years$311,018$296,166$282,072$268,697$256,004$249,903
6 years$256,582$241,842$227,956$214,879$202,567$196,686
7 years$217,714$203,099$189,433$176,664$164,742$159,082
8 years$188,577$174,093$160,654$148,199$136,669$131,233
9 years$165,926$151,579$138,371$126,233$115,095$109,881
10 years$147,817$133,610$120,635$108,814$98,067$93,072
11 years$133,009$118,945$106,205$94,701$84,341$79,562
12 years$120,678$106,759$94,254$83,065$73,088$68,522
13 years$110,253$96,479$84,210$73,334$63,734$59,376
14 years$101,324$87,696$75,663$65,098$55,869$51,715
15 years$93,593$80,112$68,314$58,056$49,191$45,236
16 years$86,835$73,501$61,936$51,983$43,475$39,713
17 years$80,879$67,692$56,360$46,706$38,548$34,973
18 years$75,590$62,550$51,449$42,092$34,275$30,882
19 years$70,863$57,971$47,099$38,033$30,550$27,333
20 years$66,614$53,870$43,225$34,446$27,288$24,241
21 years$62,775$50,177$39,759$31,262$24,420$21,537
22 years$59,290$46,839$36,644$28,425$21,889$19,163
23 years$56,112$43,807$33,834$25,887$19,649$17,075
24 years$53,204$41,045$31,291$23,610$17,661$15,232
25 years$50,532$38,518$28,982$21,562$15,892$13,603
26 years$48,070$36,201$26,879$19,715$14,315$12,159
27 years$45,794$34,069$24,960$18,046$12,906$10,878
28 years$43,684$32,103$23,203$16,534$11,645$9,738
29 years$41,724$30,286$21,592$15,162$10,516$8,724
30 years$39,897$28,602$20,113$13,915$9,501$7,820
31 years$38,192$27,038$18,750$12,780$8,590$7,013
32 years$36,596$25,584$17,494$11,745$7,770$6,293
33 years$35,101$24,228$16,335$10,800$7,032$5,649
34 years$33,696$22,963$15,262$9,937$6,367$5,072
35 years$32,375$21,780$14,269$9,148$5,767$4,556
36 years$31,129$20,672$13,348$8,425$5,225$4,094
37 years$29,954$19,634$12,494$7,763$4,736$3,679
38 years$28,843$18,659$11,700$7,155$4,293$3,308
39 years$27,792$17,743$10,962$6,597$3,893$2,974
40 years$26,796$16,881$10,274$6,085$3,531$2,675
41 years$25,851$16,069$9,634$5,614$3,204$2,406
42 years$24,954$15,304$9,037$5,181$2,907$2,165
43 years$24,100$14,581$8,480$4,783$2,638$1,948
44 years$23,288$13,899$7,960$4,416$2,395$1,753
45 years$22,513$13,254$7,474$4,078$2,174$1,577
46 years$21,775$12,644$7,020$3,767$1,974$1,420
47 years$21,070$12,066$6,595$3,481$1,792$1,278
48 years$20,397$11,519$6,198$3,216$1,628$1,151
49 years$19,753$11,000$5,825$2,972$1,478$1,036
50 years$19,136$10,507$5,477$2,747$1,343$933

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $19,600,000, adding $4,747 every year, while hoping to spend $37,326 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: 64/15/21 Blend
62$19,600,000$19,600,000$19,600,000$19,600,000
63$21,604,097$20,565,297$20,261,497$22,869,950
64$23,768,000$21,533,281$20,900,542$24,690,670
65$26,151,370$22,547,447$21,559,745$26,674,362
66$28,776,554$23,610,016$22,239,740$28,840,732
67$31,668,175$24,723,319$22,941,184$31,207,657
68$34,853,369$25,889,802$23,664,754$33,794,806
69$38,362,037$27,112,026$24,411,147$36,623,822
70$42,227,127$28,392,678$25,181,083$39,718,523
71$46,484,950$29,734,575$25,975,305$43,105,122
72$51,175,517$31,140,671$26,794,580$46,812,469
73$56,342,918$32,614,062$27,639,697$50,872,320
74$62,035,740$34,157,996$28,511,471$55,319,629
75$68,307,524$35,775,876$29,410,744$60,192,876
76$75,217,270$37,471,273$30,338,383$65,534,423
77$82,829,996$39,247,930$31,295,283$71,390,908
78$91,217,347$41,109,770$32,282,366$77,813,680
79$100,458,277$43,060,909$33,300,586$84,859,278
80$110,639,790$45,105,662$34,350,924$92,589,956
81$121,857,762$47,248,553$35,434,394$101,074,266
82$134,217,848$49,494,326$36,552,040$110,387,697
83$147,836,476$51,847,956$37,704,941$120,613,381
84$162,841,950$54,314,659$38,894,210$131,842,870
85$179,375,655$56,899,904$40,120,992$144,176,990
86$197,593,399$59,609,426$41,386,472$157,726,788
87$217,666,878$62,449,240$42,691,871$172,614,570
88$239,785,298$65,425,652$44,038,448$188,975,046
89$264,157,164$68,545,274$45,427,501$206,956,591
90$291,012,244$71,815,042$46,860,372$226,722,639
91$320,603,740$75,242,226$48,338,442$248,453,213
92$353,210,679$78,834,452$49,863,136$272,346,614
93$389,140,544$82,599,716$51,435,927$298,621,282
94$428,732,180$86,546,403$53,058,331$327,517,846
95$472,358,991$90,683,305$54,731,914$359,301,383
96$520,432,465$95,019,643$56,458,290$394,263,910
97$573,406,058$99,565,088$58,239,124$432,727,124
98$631,779,476$104,329,777$60,076,135$475,045,425
99$696,103,391$109,324,346$61,971,095$521,609,250
100$766,984,643$114,559,944$63,925,832$572,848,742