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%12.1%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,572,901
2 years$813,526$798,375$783,691$769,454$755,645$741,585
3 years$536,964$521,747$507,100$492,997$479,412$465,680
4 years$398,709$383,539$369,039$355,176$341,921$328,623
5 years$315,778$300,700$286,390$272,810$259,923$247,099
6 years$260,509$245,544$231,445$218,168$205,668$193,333
7 years$221,047$206,207$192,332$179,368$167,263$155,423
8 years$191,463$176,758$163,113$150,467$138,761$127,416
9 years$168,466$153,899$140,489$128,165$116,857$106,002
10 years$150,079$135,655$122,482$110,479$99,568$89,198
11 years$135,045$120,765$107,831$96,150$85,632$75,739
12 years$122,526$108,393$95,697$84,337$74,207$64,781
13 years$111,940$97,955$85,499$74,457$64,710$55,740
14 years$102,875$89,039$76,821$66,094$56,724$48,200
15 years$95,026$81,338$69,359$58,944$49,944$41,853
16 years$88,165$74,626$62,885$52,778$44,141$36,470
17 years$82,117$68,728$57,222$47,421$39,138$31,874
18 years$76,747$63,508$52,237$42,736$34,800$27,929
19 years$71,948$58,858$47,820$38,615$31,018$24,526
20 years$67,634$54,694$43,887$34,974$27,706$21,578
21 years$63,736$50,945$40,367$31,741$24,794$19,016
22 years$60,197$47,556$37,205$28,860$22,224$16,783
23 years$56,971$44,478$34,352$26,283$19,950$14,830
24 years$54,018$41,673$31,770$23,972$17,931$13,119
25 years$51,305$39,108$29,425$21,892$16,135$11,617
26 years$48,805$36,755$27,290$20,017$14,534$10,295
27 years$46,495$34,591$25,342$18,322$13,104$9,130
28 years$44,353$32,595$23,558$16,787$11,824$8,103
29 years$42,362$30,749$21,923$15,394$10,676$7,195
30 years$40,508$29,040$20,420$14,128$9,647$6,392
31 years$38,776$27,452$19,037$12,975$8,722$5,682
32 years$37,157$25,975$17,762$11,925$7,889$5,052
33 years$35,638$24,599$16,585$10,966$7,140$4,494
34 years$34,212$23,314$15,496$10,090$6,464$3,999
35 years$32,870$22,113$14,487$9,288$5,855$3,559
36 years$31,606$20,989$13,553$8,554$5,305$3,169
37 years$30,413$19,934$12,685$7,881$4,808$2,821
38 years$29,285$18,945$11,879$7,264$4,359$2,513
39 years$28,218$18,015$11,129$6,698$3,953$2,238
40 years$27,206$17,139$10,432$6,178$3,585$1,994
41 years$26,247$16,315$9,781$5,700$3,253$1,777
42 years$25,336$15,538$9,175$5,260$2,952$1,584
43 years$24,469$14,805$8,610$4,856$2,679$1,411
44 years$23,644$14,112$8,082$4,484$2,431$1,258
45 years$22,858$13,457$7,589$4,141$2,207$1,121
46 years$22,108$12,837$7,127$3,825$2,004$1,000
47 years$21,393$12,251$6,696$3,534$1,820$891
48 years$20,709$11,695$6,292$3,265$1,653$795
49 years$20,055$11,168$5,914$3,018$1,501$709
50 years$19,429$10,668$5,560$2,789$1,363$632

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 $5,042 every year, while hoping to spend $42,409 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: 66/5/29 Blend
62$19,900,000$19,900,000$19,900,000$19,900,000
63$21,935,001$20,880,301$20,571,851$23,214,215
64$24,127,248$21,858,313$21,215,885$25,057,004
65$26,541,683$22,882,826$21,880,073$27,065,987
66$29,200,924$23,956,074$22,565,045$29,261,811
67$32,129,896$25,080,399$23,271,451$31,662,922
68$35,356,063$26,258,256$23,999,962$34,289,626
69$38,909,689$27,492,219$24,751,269$37,164,277
70$42,824,126$28,784,986$25,526,085$40,311,487
71$47,136,124$30,139,386$26,325,145$43,758,353
72$51,886,178$31,558,387$27,149,208$47,534,714
73$57,118,917$33,045,096$27,999,055$51,673,425
74$62,883,517$34,602,776$28,875,494$56,210,664
75$69,234,167$36,234,843$29,779,354$61,186,276
76$76,230,584$37,944,883$30,711,495$66,644,137
77$83,938,574$39,736,652$31,672,800$72,632,572
78$92,430,651$41,614,091$32,664,181$79,204,802
79$101,786,726$43,581,330$33,686,580$86,419,447
80$112,094,858$45,642,701$34,740,966$94,341,071
81$123,452,084$47,802,744$35,828,339$103,040,791
82$135,965,339$50,066,221$36,949,731$112,596,940
83$149,752,462$52,438,124$38,106,205$123,095,807
84$164,943,310$54,923,688$39,298,860$134,632,442
85$181,680,981$57,528,403$40,528,825$147,311,551
86$200,123,168$60,258,021$41,797,268$161,248,480
87$220,443,646$63,118,579$43,105,391$176,570,294
88$242,833,912$66,116,404$44,454,436$193,416,978
89$267,504,993$69,258,130$45,845,682$211,942,747
90$294,689,439$72,550,715$47,280,448$232,317,500
91$324,643,514$76,001,452$48,760,096$254,728,415
92$357,649,621$79,617,992$50,286,028$279,381,710
93$394,018,964$83,408,355$51,859,691$306,504,585
94$434,094,486$87,380,952$53,482,578$336,347,357
95$478,254,107$91,544,602$55,156,228$369,185,821
96$526,914,292$95,908,554$56,882,228$405,323,839
97$580,533,981$100,482,504$58,662,213$445,096,208
98$639,618,923$105,276,623$60,497,874$488,871,809
99$704,726,449$110,301,573$62,390,948$537,057,081
100$776,470,734$115,568,538$64,343,233$590,099,850