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

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,570,906
2 years$809,438$794,363$779,753$765,588$751,848$743,800
3 years$534,265$519,125$504,552$490,519$477,003$469,131
4 years$396,706$381,612$367,185$353,392$340,203$332,567
5 years$314,192$299,188$284,950$271,439$258,617$251,239
6 years$259,200$244,310$230,282$217,072$204,634$197,526
7 years$219,936$205,171$191,366$178,467$166,423$159,586
8 years$190,501$175,869$162,293$149,711$138,064$131,499
9 years$167,619$153,126$139,783$127,521$116,270$109,976
10 years$149,325$134,973$121,866$109,924$99,067$93,042
11 years$134,366$120,159$107,289$95,667$85,201$79,439
12 years$121,910$107,848$95,216$83,913$73,834$68,331
13 years$111,378$97,463$85,069$74,082$64,384$59,135
14 years$102,358$88,591$76,435$65,762$56,439$51,438
15 years$94,548$80,930$69,011$58,648$49,693$44,934
16 years$87,721$74,251$62,569$52,513$43,919$39,395
17 years$81,704$68,383$56,935$47,183$38,942$34,646
18 years$76,361$63,189$51,974$42,521$34,625$30,550
19 years$71,586$58,563$47,580$38,421$30,862$27,001
20 years$67,294$54,419$43,666$34,798$27,567$23,912
21 years$63,416$50,689$40,165$31,581$24,669$21,213
22 years$59,895$47,317$37,018$28,715$22,112$18,848
23 years$56,685$44,254$34,179$26,151$19,849$16,768
24 years$53,746$41,463$31,610$23,851$17,841$14,936
25 years$51,047$38,911$29,277$21,782$16,054$13,318
26 years$48,560$36,570$27,153$19,917$14,461$11,886
27 years$46,261$34,417$25,214$18,230$13,038$10,617
28 years$44,130$32,431$23,440$16,703$11,764$9,490
29 years$42,149$30,595$21,813$15,317$10,623$8,488
30 years$40,304$28,894$20,318$14,057$9,598$7,596
31 years$38,582$27,314$18,942$12,910$8,678$6,801
32 years$36,970$25,845$17,673$11,865$7,850$6,093
33 years$35,459$24,475$16,501$10,911$7,104$5,460
34 years$34,040$23,197$15,418$10,039$6,432$4,895
35 years$32,705$22,002$14,415$9,241$5,826$4,389
36 years$31,447$20,883$13,485$8,511$5,278$3,937
37 years$30,260$19,834$12,621$7,842$4,784$3,533
38 years$29,138$18,850$11,819$7,228$4,337$3,171
39 years$28,076$17,924$11,073$6,664$3,933$2,846
40 years$27,070$17,053$10,379$6,147$3,567$2,555
41 years$26,115$16,233$9,732$5,671$3,236$2,295
42 years$25,208$15,460$9,129$5,234$2,937$2,061
43 years$24,346$14,730$8,567$4,832$2,665$1,851
44 years$23,525$14,041$8,041$4,461$2,419$1,663
45 years$22,743$13,389$7,550$4,120$2,196$1,494
46 years$21,997$12,773$7,092$3,806$1,994$1,342
47 years$21,285$12,189$6,662$3,516$1,811$1,206
48 years$20,605$11,636$6,261$3,249$1,644$1,084
49 years$19,954$11,112$5,885$3,003$1,493$974
50 years$19,332$10,615$5,533$2,775$1,357$876

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 $4,406 every year, while hoping to spend $38,465 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: 51/31/18 Blend
62$19,800,000$19,800,000$19,800,000$19,800,000
63$21,824,145$20,774,745$20,467,845$22,828,645
64$24,009,281$21,751,781$21,112,591$24,497,731
65$26,416,012$22,775,402$21,777,647$26,307,048
66$29,066,900$23,847,852$22,463,653$28,273,365
67$31,986,807$24,971,479$23,171,268$30,411,541
68$35,203,129$26,148,750$23,901,174$32,737,903
69$38,746,057$27,382,247$24,654,072$35,270,389
70$42,648,857$28,674,680$25,430,686$38,028,711
71$46,948,191$30,028,890$26,231,764$41,034,536
72$51,684,455$31,447,854$27,058,077$44,311,681
73$56,902,166$32,934,695$27,910,419$47,886,326
74$62,650,379$34,492,687$28,789,610$51,787,261
75$68,983,151$36,125,263$29,696,496$56,046,140
76$75,960,053$37,836,021$30,631,949$60,697,775
77$83,646,729$39,628,737$31,596,870$65,780,455
78$92,115,516$41,507,366$32,592,186$71,336,294
79$101,446,130$43,476,057$33,618,855$77,411,622
80$111,726,413$45,539,162$34,677,864$84,057,405
81$123,053,168$47,701,242$35,770,233$91,329,723
82$135,533,067$49,967,079$36,897,012$99,290,278
83$149,283,663$52,341,689$38,059,285$108,006,970
84$164,434,496$54,830,331$39,258,171$117,554,522
85$181,128,317$57,438,519$40,494,821$128,015,169
86$199,522,434$60,172,036$41,770,427$139,479,426
87$219,790,201$63,036,944$43,086,215$152,046,919
88$242,122,650$66,039,603$44,443,452$165,827,315
89$266,730,294$69,186,677$45,843,441$180,941,340
90$293,845,119$72,485,159$47,287,532$197,521,896
91$323,722,769$75,942,379$48,777,111$215,715,304
92$356,644,960$79,566,025$50,313,613$235,682,661
93$392,922,143$83,364,157$51,898,516$257,601,342
94$432,896,429$87,345,229$53,533,344$281,666,654
95$476,944,824$91,518,104$55,219,670$308,093,657
96$525,482,783$95,892,078$56,959,116$337,119,170
97$578,968,136$100,476,899$58,753,356$369,003,983
98$637,905,408$105,282,788$60,604,115$404,035,295
99$702,850,580$110,320,466$62,513,174$442,529,396
100$774,416,343$115,601,173$64,482,369$484,834,628