Can I retire at age 63 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,513,964
2 years$805,350$790,351$775,815$761,721$748,050$691,308
3 years$531,567$516,503$502,004$488,042$474,594$419,834
4 years$394,702$379,685$365,330$351,607$338,484$286,126
5 years$312,605$297,677$283,511$270,068$257,310$207,489
6 years$257,891$243,076$229,119$215,975$203,601$156,354
7 years$218,825$204,135$190,399$177,565$165,582$120,897
8 years$189,539$174,981$161,474$148,955$137,366$95,206
9 years$166,773$152,353$139,077$126,877$115,682$75,989
10 years$148,571$134,291$121,251$109,369$98,567$61,272
11 years$133,688$119,552$106,747$95,184$84,771$49,796
12 years$121,294$107,303$94,735$83,489$73,461$40,720
13 years$110,815$96,971$84,640$73,708$64,059$33,462
14 years$101,841$88,144$76,049$65,430$56,154$27,606
15 years$94,071$80,521$68,662$58,352$49,442$22,849
16 years$87,278$73,876$62,253$52,248$43,697$18,960
17 years$81,291$68,037$56,647$46,944$38,745$15,767
18 years$75,975$62,870$51,712$42,306$34,450$13,135
19 years$71,225$58,267$47,339$38,227$30,706$10,958
20 years$66,954$54,144$43,446$34,622$27,427$9,152
21 years$63,095$50,433$39,962$31,422$24,544$7,652
22 years$59,592$47,078$36,831$28,570$22,001$6,403
23 years$56,398$44,031$34,007$26,019$19,749$5,362
24 years$53,475$41,254$31,451$23,731$17,751$4,492
25 years$50,790$38,715$29,130$21,672$15,973$3,766
26 years$48,315$36,386$27,016$19,816$14,388$3,158
27 years$46,027$34,243$25,087$18,138$12,972$2,649
28 years$43,907$32,267$23,322$16,618$11,705$2,223
29 years$41,936$30,440$21,703$15,239$10,569$1,866
30 years$40,101$28,748$20,215$13,986$9,550$1,566
31 years$38,387$27,176$18,846$12,845$8,634$1,315
32 years$36,783$25,714$17,584$11,805$7,810$1,104
33 years$35,280$24,352$16,418$10,856$7,068$927
34 years$33,868$23,080$15,340$9,988$6,399$779
35 years$32,540$21,891$14,342$9,195$5,796$654
36 years$31,288$20,778$13,416$8,468$5,252$550
37 years$30,107$19,734$12,558$7,802$4,760$462
38 years$28,991$18,754$11,760$7,191$4,315$388
39 years$27,934$17,834$11,017$6,631$3,913$326
40 years$26,933$16,967$10,327$6,116$3,549$274
41 years$25,983$16,151$9,683$5,643$3,220$230
42 years$25,081$15,382$9,083$5,208$2,922$193
43 years$24,223$14,656$8,523$4,807$2,652$162
44 years$23,406$13,970$8,001$4,439$2,407$136
45 years$22,628$13,322$7,512$4,099$2,185$115
46 years$21,886$12,708$7,056$3,787$1,984$96
47 years$21,178$12,128$6,629$3,498$1,802$81
48 years$20,501$11,577$6,229$3,233$1,636$68
49 years$19,854$11,056$5,855$2,987$1,486$57
50 years$19,234$10,561$5,505$2,761$1,350$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $19,700,000, adding $2,984 every year, while hoping to spend $50,875 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: 80/6/14 Blend
62$19,700,000$19,700,000$19,700,000$19,700,000
63$21,712,478$20,668,378$20,363,028$23,388,640
64$23,873,020$21,626,998$20,991,059$25,449,684
65$26,252,232$22,630,885$21,638,424$27,704,202
66$28,872,366$23,682,204$22,305,716$30,176,989
67$31,757,938$24,783,223$22,993,549$32,889,892
68$34,935,968$25,936,321$23,702,553$35,866,972
69$38,436,226$27,143,990$24,433,378$39,134,725
70$42,291,519$28,408,844$25,186,694$42,722,337
71$46,537,999$29,733,622$25,963,193$46,661,950
72$51,215,501$31,121,195$26,763,586$50,988,967
73$56,367,923$32,574,575$27,588,607$55,742,385
74$62,043,637$34,096,916$28,439,012$60,965,158
75$68,295,950$35,691,526$29,315,580$66,704,599
76$75,183,600$37,361,874$30,219,115$73,012,830
77$82,771,316$39,111,595$31,150,445$79,947,263
78$91,130,428$40,944,500$32,110,422$87,571,145
79$100,339,537$42,864,586$33,099,926$95,954,152
80$110,485,259$44,876,041$34,119,864$105,173,039
81$121,663,045$46,983,256$35,171,169$115,312,366
82$133,978,076$49,190,836$36,254,803$126,465,292
83$147,546,260$51,503,607$37,371,760$138,734,447
84$162,495,326$53,926,631$38,523,061$152,232,904
85$178,966,025$56,465,212$39,709,759$167,085,238
86$197,113,466$59,124,913$40,932,942$183,428,697
87$217,108,571$61,911,566$42,193,728$201,414,498
88$239,139,698$64,831,286$43,493,270$221,209,248
89$263,414,411$67,890,482$44,832,758$242,996,511
90$290,161,442$71,095,877$46,213,416$266,978,539
91$319,632,850$74,454,516$47,636,508$293,378,173
92$352,106,404$77,973,790$49,103,333$322,440,947
93$387,888,196$81,661,445$50,615,234$354,437,396
94$427,315,539$85,525,603$52,173,592$389,665,605
95$470,760,149$89,574,782$53,779,831$428,454,020
96$518,631,648$93,817,911$55,435,420$471,164,542
97$571,381,441$98,264,353$57,141,871$518,195,935
98$629,506,967$102,923,926$58,900,743$569,987,587
99$693,556,403$107,806,923$60,713,643$627,023,651
100$764,133,832$112,924,138$62,582,226$689,837,606