Can I retire at age 63 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,584,113
2 years$817,615$802,387$787,630$773,321$759,442$748,636
3 years$539,662$524,369$509,648$495,474$481,821$471,258
4 years$400,713$385,467$370,894$356,961$343,639$333,400
5 years$317,365$302,211$287,829$274,180$261,229$251,345
6 years$261,818$246,778$232,608$219,264$206,701$197,185
7 years$222,157$207,243$193,299$180,269$168,104$158,959
8 years$192,425$177,646$163,933$151,223$139,458$130,686
9 years$169,313$154,673$141,195$128,809$117,444$109,041
10 years$150,833$136,336$123,097$111,034$100,068$92,031
11 years$135,724$121,372$108,373$96,633$86,062$78,384
12 years$123,141$108,937$96,178$84,760$74,579$67,255
13 years$112,503$98,447$85,929$74,831$65,035$58,056
14 years$103,392$89,486$77,207$66,426$57,009$50,367
15 years$95,503$81,747$69,708$59,241$50,195$43,882
16 years$88,608$75,001$63,201$53,044$44,363$38,368
17 years$82,529$69,073$57,510$47,659$39,335$33,650
18 years$77,132$63,827$52,499$42,951$34,975$29,589
19 years$72,309$59,154$48,060$38,809$31,174$26,077
20 years$67,974$54,969$44,107$35,149$27,845$23,027
21 years$64,056$51,201$40,570$31,900$24,918$20,368
22 years$60,500$47,795$37,392$29,005$22,336$18,043
23 years$57,257$44,701$34,525$26,415$20,050$16,004
24 years$54,289$41,882$31,930$24,092$18,021$14,212
25 years$51,563$39,304$29,573$22,002$16,216$12,633
26 years$49,051$36,940$27,428$20,118$14,607$11,240
27 years$46,728$34,765$25,469$18,414$13,170$10,008
28 years$44,576$32,759$23,677$16,871$11,883$8,917
29 years$42,575$30,904$22,033$15,471$10,730$7,950
30 years$40,711$29,186$20,523$14,199$9,695$7,092
31 years$38,971$27,590$19,133$13,041$8,766$6,329
32 years$37,343$26,106$17,851$11,985$7,929$5,651
33 years$35,817$24,723$16,668$11,021$7,176$5,048
34 years$34,384$23,431$15,574$10,140$6,497$4,510
35 years$33,035$22,224$14,560$9,335$5,884$4,031
36 years$31,765$21,094$13,621$8,597$5,332$3,604
37 years$30,565$20,035$12,749$7,921$4,832$3,223
38 years$29,432$19,040$11,939$7,301$4,381$2,882
39 years$28,360$18,105$11,185$6,732$3,973$2,579
40 years$27,343$17,226$10,484$6,209$3,603$2,307
41 years$26,379$16,397$9,831$5,729$3,269$2,065
42 years$25,463$15,616$9,221$5,287$2,966$1,848
43 years$24,592$14,879$8,653$4,880$2,692$1,654
44 years$23,763$14,183$8,122$4,506$2,444$1,481
45 years$22,973$13,525$7,627$4,162$2,218$1,326
46 years$22,219$12,902$7,163$3,844$2,014$1,187
47 years$21,500$12,312$6,730$3,552$1,829$1,063
48 years$20,813$11,754$6,324$3,282$1,661$952
49 years$20,156$11,224$5,944$3,033$1,509$853
50 years$19,527$10,722$5,588$2,803$1,370$764

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $20,000,000, adding $2,625 every year, while hoping to spend $50,457 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: 65/5/30 Blend
62$20,000,000$20,000,000$20,000,000$20,000,000
63$22,042,708$20,982,708$20,672,708$23,299,094
64$24,237,378$21,957,175$21,311,558$25,124,767
65$26,654,214$22,977,699$21,970,118$27,113,792
66$29,315,822$24,046,485$22,648,995$29,286,984
67$32,247,115$25,165,842$23,348,816$31,662,500
68$35,475,544$26,338,192$24,070,225$34,260,333
69$39,031,359$27,566,072$24,813,886$37,102,488
70$42,947,891$28,852,144$25,580,485$40,213,195
71$47,261,874$30,199,196$26,370,729$43,619,128
72$52,013,781$31,610,152$27,185,344$47,349,661
73$57,248,215$33,088,079$28,025,082$51,437,135
74$63,014,326$34,636,187$28,890,715$55,917,165
75$69,366,274$36,257,848$29,783,041$60,828,969
76$76,363,743$37,956,591$30,702,882$66,215,738
77$84,072,499$39,736,118$31,651,083$72,125,040
78$92,565,018$41,600,312$32,628,518$78,609,261
79$101,921,163$43,553,241$33,636,087$85,726,102
80$112,228,942$45,599,170$34,674,716$93,539,112
81$123,585,337$47,742,572$35,745,362$102,118,292
82$136,097,219$49,988,136$36,849,009$111,540,744
83$149,882,358$52,340,777$37,986,673$121,891,401
84$165,070,532$54,805,649$39,159,401$133,263,817
85$181,804,756$57,388,155$40,368,270$145,761,051
86$200,242,627$60,093,960$41,614,393$159,496,634
87$220,557,814$62,929,004$42,898,915$174,595,631
88$242,941,700$65,899,514$44,223,017$191,195,821
89$267,605,183$69,012,019$45,587,917$209,448,992
90$294,780,668$72,273,365$46,994,870$229,522,365
91$324,724,266$75,690,729$48,445,167$251,600,168
92$357,718,203$79,271,637$49,940,142$275,885,369
93$394,073,492$83,023,980$51,481,169$302,601,586
94$434,132,864$86,956,030$53,069,664$331,995,190
95$478,274,003$91,076,463$54,707,085$364,337,625
96$526,913,116$95,394,374$56,394,937$399,927,963
97$580,508,856$99,919,301$58,134,769$439,095,719
98$639,566,655$104,661,242$59,928,180$482,203,953
99$704,643,496$109,630,685$61,776,816$529,652,693
100$776,353,167$114,838,623$63,682,374$581,882,700