Can I retire at age 63 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,522,860
2 years$809,438$794,363$779,753$765,588$751,848$696,005
3 years$534,265$519,125$504,552$490,519$477,003$423,094
4 years$396,706$381,612$367,185$353,392$340,203$288,638
5 years$314,192$299,188$284,950$271,439$258,617$209,532
6 years$259,200$244,310$230,282$217,072$204,634$158,067
7 years$219,936$205,171$191,366$178,467$166,423$122,362
8 years$190,501$175,869$162,293$149,711$138,064$96,473
9 years$167,619$153,126$139,783$127,521$116,270$77,095
10 years$149,325$134,973$121,866$109,924$99,067$62,243
11 years$134,366$120,159$107,289$95,667$85,201$50,650
12 years$121,910$107,848$95,216$83,913$73,834$41,474
13 years$111,378$97,463$85,069$74,082$64,384$34,128
14 years$102,358$88,591$76,435$65,762$56,439$28,196
15 years$94,548$80,930$69,011$58,648$49,693$23,369
16 years$87,721$74,251$62,569$52,513$43,919$19,420
17 years$81,704$68,383$56,935$47,183$38,942$16,174
18 years$76,361$63,189$51,974$42,521$34,625$13,493
19 years$71,586$58,563$47,580$38,421$30,862$11,274
20 years$67,294$54,419$43,666$34,798$27,567$9,431
21 years$63,416$50,689$40,165$31,581$24,669$7,898
22 years$59,895$47,317$37,018$28,715$22,112$6,619
23 years$56,685$44,254$34,179$26,151$19,849$5,551
24 years$53,746$41,463$31,610$23,851$17,841$4,658
25 years$51,047$38,911$29,277$21,782$16,054$3,911
26 years$48,560$36,570$27,153$19,917$14,461$3,285
27 years$46,261$34,417$25,214$18,230$13,038$2,760
28 years$44,130$32,431$23,440$16,703$11,764$2,320
29 years$42,149$30,595$21,813$15,317$10,623$1,950
30 years$40,304$28,894$20,318$14,057$9,598$1,640
31 years$38,582$27,314$18,942$12,910$8,678$1,379
32 years$36,970$25,845$17,673$11,865$7,850$1,160
33 years$35,459$24,475$16,501$10,911$7,104$976
34 years$34,040$23,197$15,418$10,039$6,432$821
35 years$32,705$22,002$14,415$9,241$5,826$691
36 years$31,447$20,883$13,485$8,511$5,278$581
37 years$30,260$19,834$12,621$7,842$4,784$489
38 years$29,138$18,850$11,819$7,228$4,337$412
39 years$28,076$17,924$11,073$6,664$3,933$346
40 years$27,070$17,053$10,379$6,147$3,567$291
41 years$26,115$16,233$9,732$5,671$3,236$245
42 years$25,208$15,460$9,129$5,234$2,937$206
43 years$24,346$14,730$8,567$4,832$2,665$174
44 years$23,525$14,041$8,041$4,461$2,419$146
45 years$22,743$13,389$7,550$4,120$2,196$123
46 years$21,997$12,773$7,092$3,806$1,994$104
47 years$21,285$12,189$6,662$3,516$1,811$87
48 years$20,605$11,636$6,261$3,249$1,644$73
49 years$19,954$11,112$5,885$3,003$1,493$62
50 years$19,332$10,615$5,533$2,775$1,357$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $19,800,000, adding $5,617 every year, while hoping to spend $21,601 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: 67/12/21 Blend
62$19,800,000$19,800,000$19,800,000$19,800,000
63$21,825,394$20,775,994$20,469,094$23,171,882
64$24,028,601$21,771,034$21,131,825$25,070,028
65$26,455,811$22,814,108$21,816,034$27,141,993
66$29,129,849$23,907,545$22,522,417$29,407,355
67$32,075,870$25,053,790$23,251,694$31,885,150
68$35,321,590$26,255,407$24,004,607$34,596,327
69$38,897,553$27,515,084$24,781,923$37,563,943
70$42,837,420$28,835,639$25,584,433$40,813,378
71$47,178,281$30,220,029$26,412,956$44,372,565
72$51,961,010$31,671,355$27,268,334$48,272,258
73$57,230,649$33,192,868$28,151,440$52,546,312
74$63,036,835$34,787,978$29,063,173$57,232,000
75$69,434,265$36,460,262$30,004,461$62,370,358
76$76,483,214$38,213,468$30,976,265$68,006,571
77$84,250,105$40,051,532$31,979,573$74,190,391
78$92,808,136$41,978,577$33,015,409$80,976,605
79$102,237,969$43,998,930$34,084,828$88,425,541
80$112,628,491$46,117,127$35,188,920$96,603,639
81$124,077,658$48,337,927$36,328,809$105,584,063
82$136,693,413$50,666,320$37,505,658$115,447,395
83$150,594,710$53,107,538$38,720,666$126,282,381
84$165,912,634$55,667,071$39,975,072$138,186,767
85$182,791,640$58,350,675$41,270,155$151,268,212
86$201,390,916$61,164,387$42,607,234$165,645,298
87$221,885,886$64,114,539$43,987,673$181,448,639
88$244,469,866$67,207,770$45,412,879$198,822,110
89$269,355,887$70,451,046$46,884,306$217,924,194
90$296,778,711$73,851,670$48,403,453$238,929,468
91$326,997,041$77,417,304$49,971,870$262,030,245
92$360,295,968$81,155,981$51,591,157$287,438,377
93$396,989,660$85,076,127$53,262,964$315,387,247
94$437,424,330$89,186,582$54,988,998$346,133,959
95$481,981,500$93,496,613$56,771,017$379,961,756
96$531,081,607$98,015,941$58,610,841$417,182,683
97$585,187,973$102,754,764$60,510,346$458,140,518
98$644,811,173$107,723,775$62,471,470$503,214,007
99$710,513,862$112,934,188$64,496,213$552,820,426
100$782,916,081$118,397,769$66,586,641$607,419,506