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

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,520,012
2 years$805,350$790,351$775,815$761,721$748,050$697,253
3 years$531,567$516,503$502,004$488,042$474,594$425,487
4 years$394,702$379,685$365,330$351,607$338,484$291,445
5 years$312,605$297,677$283,511$270,068$257,310$212,464
6 years$257,891$243,076$229,119$215,975$203,601$160,985
7 years$218,825$204,135$190,399$177,565$165,582$125,191
8 years$189,539$174,981$161,474$148,955$137,366$99,172
9 years$166,773$152,353$139,077$126,877$115,682$79,641
10 years$148,571$134,291$121,251$109,369$98,567$64,623
11 years$133,688$119,552$106,747$95,184$84,771$52,861
12 years$121,294$107,303$94,735$83,489$73,461$43,515
13 years$110,815$96,971$84,640$73,708$64,059$36,003
14 years$101,841$88,144$76,049$65,430$56,154$29,911
15 years$94,071$80,521$68,662$58,352$49,442$24,932
16 years$87,278$73,876$62,253$52,248$43,697$20,839
17 years$81,291$68,037$56,647$46,944$38,745$17,458
18 years$75,975$62,870$51,712$42,306$34,450$14,652
19 years$71,225$58,267$47,339$38,227$30,706$12,316
20 years$66,954$54,144$43,446$34,622$27,427$10,366
21 years$63,095$50,433$39,962$31,422$24,544$8,735
22 years$59,592$47,078$36,831$28,570$22,001$7,366
23 years$56,398$44,031$34,007$26,019$19,749$6,217
24 years$53,475$41,254$31,451$23,731$17,751$5,251
25 years$50,790$38,715$29,130$21,672$15,973$4,437
26 years$48,315$36,386$27,016$19,816$14,388$3,751
27 years$46,027$34,243$25,087$18,138$12,972$3,172
28 years$43,907$32,267$23,322$16,618$11,705$2,683
29 years$41,936$30,440$21,703$15,239$10,569$2,271
30 years$40,101$28,748$20,215$13,986$9,550$1,922
31 years$38,387$27,176$18,846$12,845$8,634$1,627
32 years$36,783$25,714$17,584$11,805$7,810$1,377
33 years$35,280$24,352$16,418$10,856$7,068$1,166
34 years$33,868$23,080$15,340$9,988$6,399$988
35 years$32,540$21,891$14,342$9,195$5,796$837
36 years$31,288$20,778$13,416$8,468$5,252$709
37 years$30,107$19,734$12,558$7,802$4,760$600
38 years$28,991$18,754$11,760$7,191$4,315$509
39 years$27,934$17,834$11,017$6,631$3,913$431
40 years$26,933$16,967$10,327$6,116$3,549$365
41 years$25,983$16,151$9,683$5,643$3,220$309
42 years$25,081$15,382$9,083$5,208$2,922$262
43 years$24,223$14,656$8,523$4,807$2,652$222
44 years$23,406$13,970$8,001$4,439$2,407$188
45 years$22,628$13,322$7,512$4,099$2,185$159
46 years$21,886$12,708$7,056$3,787$1,984$135
47 years$21,178$12,128$6,629$3,498$1,802$115
48 years$20,501$11,577$6,229$3,233$1,636$97
49 years$19,854$11,056$5,855$2,987$1,486$82
50 years$19,234$10,561$5,505$2,761$1,350$70

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 $6,387 every year, while hoping to spend $53,084 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: 37/39/24 Blend
62$19,700,000$19,700,000$19,700,000$19,700,000
63$21,715,988$20,671,888$20,366,538$22,362,842
64$23,874,538$21,628,330$20,992,336$23,793,574
65$26,251,481$22,629,858$21,637,319$25,332,581
66$28,869,037$23,678,626$22,302,074$26,993,930
67$31,751,690$24,776,890$22,987,205$28,788,676
68$34,926,421$25,927,017$23,693,336$30,728,945
69$38,422,961$27,131,485$24,421,108$32,828,031
70$42,274,071$28,392,895$25,171,182$35,100,522
71$46,515,850$29,713,972$25,944,241$37,562,419
72$51,188,081$31,097,570$26,740,987$40,231,286
73$56,334,598$32,546,684$27,562,143$43,126,402
74$62,003,709$34,064,454$28,408,457$46,268,932
75$68,248,643$35,654,167$29,280,696$49,682,117
76$75,128,058$37,319,275$30,179,652$53,391,481
77$82,706,591$39,063,391$31,106,142$57,425,062
78$91,055,473$40,890,306$32,061,007$61,813,661
79$100,253,193$42,803,993$33,045,113$66,591,125
80$110,386,248$44,808,619$34,059,354$71,794,645
81$121,549,953$46,908,548$35,104,650$77,465,101
82$133,849,341$49,108,360$36,181,948$83,647,427
83$147,400,158$51,412,853$37,292,227$90,391,024
84$162,329,950$53,827,060$38,436,493$97,750,205
85$178,779,273$56,356,254$39,615,784$105,784,697
86$196,903,015$59,005,966$40,831,168$114,560,180
87$216,871,858$61,781,994$42,083,748$124,148,895
88$238,873,893$64,690,417$43,374,659$134,630,303
89$263,116,390$67,737,607$44,705,070$146,091,813
90$289,827,758$70,930,246$46,076,186$158,629,589
91$319,259,701$74,275,340$47,489,250$172,349,436
92$351,689,592$77,780,233$48,945,541$187,367,772
93$387,423,092$81,452,626$50,446,379$203,812,704
94$426,797,035$85,300,593$51,993,120$221,825,215
95$470,182,610$89,332,599$53,587,167$241,560,463
96$517,988,860$93,557,520$55,229,961$263,189,222
97$570,666,547$97,984,662$56,922,988$286,899,460
98$628,712,408$102,623,783$58,667,781$312,898,090
99$692,673,839$107,485,114$60,465,917$341,412,884
100$763,154,069$112,579,383$62,319,024$372,694,595