Can I retire at age 63 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,545,358
2 years$813,526$798,375$783,691$769,454$755,645$714,121
3 years$536,964$521,747$507,100$492,997$479,412$439,160
4 years$398,709$383,539$369,039$355,176$341,921$303,249
5 years$315,778$300,700$286,390$272,810$259,923$222,939
6 years$260,509$245,544$231,445$218,168$205,668$170,409
7 years$221,047$206,207$192,332$179,368$167,263$133,730
8 years$191,463$176,758$163,113$150,467$138,761$106,938
9 years$168,466$153,899$140,489$128,165$116,857$86,716
10 years$150,079$135,655$122,482$110,479$99,568$71,072
11 years$135,045$120,765$107,831$96,150$85,632$58,738
12 years$122,526$108,393$95,697$84,337$74,207$48,866
13 years$111,940$97,955$85,499$74,457$64,710$40,871
14 years$102,875$89,039$76,821$66,094$56,724$34,333
15 years$95,026$81,338$69,359$58,944$49,944$28,943
16 years$88,165$74,626$62,885$52,778$44,141$24,471
17 years$82,117$68,728$57,222$47,421$39,138$20,741
18 years$76,747$63,508$52,237$42,736$34,800$17,616
19 years$71,948$58,858$47,820$38,615$31,018$14,987
20 years$67,634$54,694$43,887$34,974$27,706$12,769
21 years$63,736$50,945$40,367$31,741$24,794$10,893
22 years$60,197$47,556$37,205$28,860$22,224$9,302
23 years$56,971$44,478$34,352$26,283$19,950$7,950
24 years$54,018$41,673$31,770$23,972$17,931$6,800
25 years$51,305$39,108$29,425$21,892$16,135$5,820
26 years$48,805$36,755$27,290$20,017$14,534$4,984
27 years$46,495$34,591$25,342$18,322$13,104$4,270
28 years$44,353$32,595$23,558$16,787$11,824$3,659
29 years$42,362$30,749$21,923$15,394$10,676$3,137
30 years$40,508$29,040$20,420$14,128$9,647$2,691
31 years$38,776$27,452$19,037$12,975$8,722$2,308
32 years$37,157$25,975$17,762$11,925$7,889$1,980
33 years$35,638$24,599$16,585$10,966$7,140$1,700
34 years$34,212$23,314$15,496$10,090$6,464$1,459
35 years$32,870$22,113$14,487$9,288$5,855$1,252
36 years$31,606$20,989$13,553$8,554$5,305$1,075
37 years$30,413$19,934$12,685$7,881$4,808$923
38 years$29,285$18,945$11,879$7,264$4,359$793
39 years$28,218$18,015$11,129$6,698$3,953$681
40 years$27,206$17,139$10,432$6,178$3,585$584
41 years$26,247$16,315$9,781$5,700$3,253$502
42 years$25,336$15,538$9,175$5,260$2,952$431
43 years$24,469$14,805$8,610$4,856$2,679$370
44 years$23,644$14,112$8,082$4,484$2,431$318
45 years$22,858$13,457$7,589$4,141$2,207$273
46 years$22,108$12,837$7,127$3,825$2,004$235
47 years$21,393$12,251$6,696$3,534$1,820$202
48 years$20,709$11,695$6,292$3,265$1,653$173
49 years$20,055$11,168$5,914$3,018$1,501$149
50 years$19,429$10,668$5,560$2,789$1,363$128

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $19,900,000, adding $5,743 every year, while hoping to spend $27,686 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: 75/5/20 Blend
62$19,900,000$19,900,000$19,900,000$19,900,000
63$21,935,724$20,881,024$20,572,574$23,476,929
64$24,143,710$21,874,736$21,232,297$25,493,345
65$26,575,983$22,916,213$21,913,194$27,699,065
66$29,255,390$24,007,765$22,615,943$30,116,187
67$32,207,110$25,151,815$23,341,247$32,765,794
68$35,458,887$26,350,905$24,089,830$35,671,099
69$39,041,294$27,607,701$24,862,441$38,857,667
70$42,988,024$28,924,996$25,659,850$42,353,648
71$47,336,202$30,305,720$26,482,855$46,190,047
72$52,126,742$31,752,948$27,332,277$50,401,010
73$57,404,727$33,269,900$28,208,966$55,024,142
74$63,219,840$34,859,956$29,113,798$60,100,865
75$69,626,830$36,526,659$30,047,676$65,676,801
76$76,686,027$38,273,726$31,011,533$71,802,203
77$84,463,916$40,105,053$32,006,334$78,532,422
78$93,033,761$42,024,726$33,033,072$85,928,431
79$102,476,297$44,037,031$34,092,773$94,057,396
80$112,880,495$46,146,461$35,186,496$102,993,304
81$124,344,397$48,357,728$36,315,335$112,817,661
82$136,976,045$50,675,776$37,480,418$123,620,257
83$150,894,499$53,105,787$38,682,909$135,500,008
84$166,230,963$55,653,196$39,924,012$148,565,886
85$183,130,020$58,323,702$41,204,966$162,937,946
86$201,751,002$61,123,283$42,527,052$178,748,453
87$222,269,488$64,058,207$43,891,592$196,143,126
88$244,878,966$67,135,050$45,299,950$215,282,510
89$269,792,658$70,360,704$46,753,536$236,343,485
90$297,245,531$73,742,401$48,253,801$259,520,932
91$327,496,519$77,287,722$49,802,247$285,029,567
92$360,830,964$81,004,620$51,400,422$313,105,964
93$397,563,311$84,901,435$53,049,925$344,010,778
94$438,040,076$88,986,914$54,752,406$378,031,206
95$482,643,119$93,270,227$56,509,566$415,483,687
96$531,793,245$97,760,996$58,323,164$456,716,886
97$585,954,181$102,469,310$60,195,015$502,114,976
98$645,636,950$107,405,748$62,126,991$552,101,262
99$711,404,697$112,581,409$64,121,024$607,142,163
100$783,878,008$118,007,929$66,179,109$667,751,617