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

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 $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%18.2%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,541,926
2 years$817,615$802,387$787,630$773,321$759,442$706,657
3 years$539,662$524,369$509,648$495,474$481,821$430,811
4 years$400,713$385,467$370,894$356,961$343,639$294,794
5 years$317,365$302,211$287,829$274,180$261,229$214,679
6 years$261,818$246,778$232,608$219,264$206,701$162,484
7 years$222,157$207,243$193,299$180,269$168,104$126,213
8 years$192,425$177,646$163,933$151,223$139,458$99,864
9 years$169,313$154,673$141,195$128,809$117,444$80,098
10 years$150,833$136,336$123,097$111,034$100,068$64,912
11 years$135,724$121,372$108,373$96,633$86,062$53,029
12 years$123,141$108,937$96,178$84,760$74,579$43,595
13 years$112,503$98,447$85,929$74,831$65,035$36,021
14 years$103,392$89,486$77,207$66,426$57,009$29,884
15 years$95,503$81,747$69,708$59,241$50,195$24,875
16 years$88,608$75,001$63,201$53,044$44,363$20,761
17 years$82,529$69,073$57,510$47,659$39,335$17,367
18 years$77,132$63,827$52,499$42,951$34,975$14,554
19 years$72,309$59,154$48,060$38,809$31,174$12,215
20 years$67,974$54,969$44,107$35,149$27,845$10,266
21 years$64,056$51,201$40,570$31,900$24,918$8,636
22 years$60,500$47,795$37,392$29,005$22,336$7,272
23 years$57,257$44,701$34,525$26,415$20,050$6,128
24 years$54,289$41,882$31,930$24,092$18,021$5,167
25 years$51,563$39,304$29,573$22,002$16,216$4,359
26 years$49,051$36,940$27,428$20,118$14,607$3,679
27 years$46,728$34,765$25,469$18,414$13,170$3,106
28 years$44,576$32,759$23,677$16,871$11,883$2,624
29 years$42,575$30,904$22,033$15,471$10,730$2,216
30 years$40,711$29,186$20,523$14,199$9,695$1,873
31 years$38,971$27,590$19,133$13,041$8,766$1,583
32 years$37,343$26,106$17,851$11,985$7,929$1,338
33 years$35,817$24,723$16,668$11,021$7,176$1,131
34 years$34,384$23,431$15,574$10,140$6,497$956
35 years$33,035$22,224$14,560$9,335$5,884$809
36 years$31,765$21,094$13,621$8,597$5,332$684
37 years$30,565$20,035$12,749$7,921$4,832$578
38 years$29,432$19,040$11,939$7,301$4,381$489
39 years$28,360$18,105$11,185$6,732$3,973$414
40 years$27,343$17,226$10,484$6,209$3,603$350
41 years$26,379$16,397$9,831$5,729$3,269$296
42 years$25,463$15,616$9,221$5,287$2,966$250
43 years$24,592$14,879$8,653$4,880$2,692$212
44 years$23,763$14,183$8,122$4,506$2,444$179
45 years$22,973$13,525$7,627$4,162$2,218$152
46 years$22,219$12,902$7,163$3,844$2,014$128
47 years$21,500$12,312$6,730$3,552$1,829$108
48 years$20,813$11,754$6,324$3,282$1,661$92
49 years$20,156$11,224$5,944$3,033$1,509$78
50 years$19,527$10,722$5,588$2,803$1,370$66

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 $6,647 every year, while hoping to spend $46,530 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: 51/28/21 Blend
62$20,000,000$20,000,000$20,000,000$20,000,000
63$22,046,856$20,986,856$20,676,856$23,042,136
64$24,246,128$21,965,705$21,320,024$24,709,370
65$26,668,166$22,990,957$21,983,177$26,515,782
66$29,335,643$24,064,839$22,666,938$28,478,895
67$32,273,544$25,189,681$23,371,946$30,613,575
68$35,509,399$26,367,929$24,098,859$32,936,155
69$39,073,546$27,602,145$24,848,359$35,464,587
70$42,999,415$28,895,017$25,621,146$38,218,601
71$47,323,843$30,249,361$26,417,943$41,219,884
72$52,087,426$31,668,131$27,239,495$44,492,280
73$57,334,896$33,154,422$28,086,570$48,062,007
74$63,115,546$34,711,479$28,959,961$51,957,893
75$69,483,696$36,342,706$29,860,484$56,211,644
76$76,499,204$38,051,669$30,788,981$60,858,132
77$84,228,030$39,842,109$31,746,319$65,935,716
78$92,742,863$41,717,946$32,733,395$71,486,594
79$102,123,802$43,683,292$33,751,131$77,557,190
80$112,459,113$45,742,457$34,800,477$84,198,585
81$123,846,065$47,899,959$35,882,415$91,466,986
82$136,391,843$50,160,537$36,997,955$99,424,244
83$150,214,566$52,529,157$38,148,141$108,138,431
84$165,444,395$55,011,029$39,334,047$117,684,463
85$182,224,766$57,611,613$40,556,781$128,144,798
86$200,713,745$60,336,634$41,817,486$139,610,201
87$221,085,513$63,192,096$43,117,338$152,180,587
88$243,532,020$66,184,293$44,457,553$165,965,946
89$268,264,788$69,319,825$45,839,383$181,087,369
90$295,516,911$72,605,612$47,264,117$197,678,172
91$325,545,259$76,048,909$48,733,088$215,885,141
92$358,632,895$79,657,326$50,247,666$235,869,897
93$395,091,753$83,438,838$51,809,266$257,810,403
94$435,265,581$87,401,810$53,419,346$281,902,625
95$479,533,186$91,555,015$55,079,410$308,362,363
96$528,312,008$95,907,647$56,791,007$337,427,265
97$582,062,062$100,469,351$58,555,735$369,359,048
98$641,290,282$105,250,239$60,375,242$404,445,948
99$706,555,305$110,260,914$62,251,226$443,005,411
100$778,472,741$115,512,495$64,185,437$485,387,070