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%17.6%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,522,449
2 years$805,350$790,351$775,815$761,721$748,050$699,655
3 years$531,567$516,503$502,004$488,042$474,594$427,777
4 years$394,702$379,685$365,330$351,607$338,484$293,606
5 years$312,605$297,677$283,511$270,068$257,310$214,491
6 years$257,891$243,076$229,119$215,975$203,601$162,877
7 years$218,825$204,135$190,399$177,565$165,582$126,952
8 years$189,539$174,981$161,474$148,955$137,366$100,805
9 years$166,773$152,353$139,077$126,877$115,682$81,149
10 years$148,571$134,291$121,251$109,369$98,567$66,012
11 years$133,688$119,552$106,747$95,184$84,771$54,137
12 years$121,294$107,303$94,735$83,489$73,461$44,684
13 years$110,815$96,971$84,640$73,708$64,059$37,071
14 years$101,841$88,144$76,049$65,430$56,154$30,884
15 years$94,071$80,521$68,662$58,352$49,442$25,816
16 years$87,278$73,876$62,253$52,248$43,697$21,641
17 years$81,291$68,037$56,647$46,944$38,745$18,182
18 years$75,975$62,870$51,712$42,306$34,450$15,306
19 years$71,225$58,267$47,339$38,227$30,706$12,905
20 years$66,954$54,144$43,446$34,622$27,427$10,895
21 years$63,095$50,433$39,962$31,422$24,544$9,208
22 years$59,592$47,078$36,831$28,570$22,001$7,790
23 years$56,398$44,031$34,007$26,019$19,749$6,595
24 years$53,475$41,254$31,451$23,731$17,751$5,588
25 years$50,790$38,715$29,130$21,672$15,973$4,737
26 years$48,315$36,386$27,016$19,816$14,388$4,017
27 years$46,027$34,243$25,087$18,138$12,972$3,408
28 years$43,907$32,267$23,322$16,618$11,705$2,893
29 years$41,936$30,440$21,703$15,239$10,569$2,456
30 years$40,101$28,748$20,215$13,986$9,550$2,085
31 years$38,387$27,176$18,846$12,845$8,634$1,771
32 years$36,783$25,714$17,584$11,805$7,810$1,505
33 years$35,280$24,352$16,418$10,856$7,068$1,278
34 years$33,868$23,080$15,340$9,988$6,399$1,086
35 years$32,540$21,891$14,342$9,195$5,796$923
36 years$31,288$20,778$13,416$8,468$5,252$785
37 years$30,107$19,734$12,558$7,802$4,760$667
38 years$28,991$18,754$11,760$7,191$4,315$567
39 years$27,934$17,834$11,017$6,631$3,913$482
40 years$26,933$16,967$10,327$6,116$3,549$410
41 years$25,983$16,151$9,683$5,643$3,220$348
42 years$25,081$15,382$9,083$5,208$2,922$296
43 years$24,223$14,656$8,523$4,807$2,652$252
44 years$23,406$13,970$8,001$4,439$2,407$214
45 years$22,628$13,322$7,512$4,099$2,185$182
46 years$21,886$12,708$7,056$3,787$1,984$155
47 years$21,178$12,128$6,629$3,498$1,802$132
48 years$20,501$11,577$6,229$3,233$1,636$112
49 years$19,854$11,056$5,855$2,987$1,486$95
50 years$19,234$10,561$5,505$2,761$1,350$81

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 $6,128 every year, while hoping to spend $23,083 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: 60/34/6 Blend
62$19,700,000$19,700,000$19,700,000$19,700,000
63$21,715,721$20,671,621$20,366,271$22,993,583
64$23,906,164$21,659,970$21,023,981$24,837,660
65$26,319,259$22,695,975$21,702,951$26,844,864
66$28,977,692$23,781,946$22,403,868$29,033,470
67$31,906,462$24,920,307$23,127,442$31,420,915
68$35,133,117$26,113,597$23,874,408$34,026,365
69$38,688,015$27,364,484$24,645,520$36,870,892
70$42,604,609$28,675,760$25,441,562$39,977,658
71$46,919,764$30,050,357$26,263,339$43,372,135
72$51,674,104$31,491,349$27,111,685$47,082,331
73$56,912,394$33,001,957$27,987,458$51,139,049
74$62,683,968$34,585,562$28,891,547$55,576,166
75$69,043,187$36,245,709$29,824,869$60,430,949
76$76,049,959$37,986,115$30,788,368$65,744,393
77$83,770,298$39,810,679$31,783,022$71,561,599
78$92,276,955$41,723,488$32,809,839$77,932,188
79$101,650,096$43,728,830$33,869,861$84,910,761
80$111,978,065$45,831,203$34,964,161$92,557,403
81$123,358,217$48,035,321$36,093,849$100,938,234
82$135,897,833$50,346,130$37,260,072$110,126,023
83$149,715,138$52,768,816$38,464,010$120,200,865
84$164,940,414$55,308,820$39,706,886$131,250,917
85$181,717,230$57,971,845$40,989,960$143,373,220
86$200,203,796$60,763,875$42,314,533$156,674,599
87$220,574,462$63,691,183$43,681,948$171,272,653
88$243,021,357$66,760,351$45,093,593$187,296,851
89$267,756,207$69,978,280$46,550,900$204,889,738
90$295,012,331$73,352,207$48,055,347$224,208,257
91$325,046,847$76,889,724$49,608,459$245,425,217
92$358,143,097$80,598,791$51,211,814$268,730,900
93$394,613,321$84,487,760$52,867,037$294,334,839
94$434,801,605$88,565,386$54,575,809$322,467,772
95$479,087,133$92,840,854$56,339,863$353,383,797
96$527,887,762$97,323,796$58,160,989$387,362,748
97$581,663,967$102,024,316$60,041,036$424,712,811
98$640,923,192$106,953,008$61,981,911$465,773,404
99$706,224,638$112,120,986$63,985,585$510,918,356
100$778,184,540$117,539,903$66,054,092$560,559,405