Can I retire at age 63 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$842,306$834,804$827,484$820,339$813,362$805,875
2 years$416,983$409,217$401,691$394,394$387,315$379,771
3 years$275,228$267,428$259,921$252,692$245,729$238,362
4 years$204,364$196,588$189,156$182,050$175,256$168,123
5 years$161,856$154,127$146,793$139,832$133,227$126,349
6 years$133,527$125,857$118,630$111,825$105,418$98,804
7 years$113,300$105,694$98,582$91,937$85,733$79,386
8 years$98,137$90,599$83,606$77,124$71,124$65,043
9 years$86,349$78,883$72,009$65,692$59,896$54,081
10 years$76,925$69,532$62,779$56,628$51,035$45,480
11 years$69,219$61,900$55,270$49,283$43,892$38,594
12 years$62,802$55,558$49,051$43,228$38,036$32,989
13 years$57,377$50,208$43,824$38,164$33,168$28,367
14 years$52,730$45,638$39,376$33,877$29,075$24,513
15 years$48,707$41,691$35,551$30,213$25,600$21,271
16 years$45,190$38,251$32,232$27,052$22,625$18,523
17 years$42,090$35,227$29,330$24,306$20,061$16,177
18 years$39,337$32,552$26,775$21,905$17,837$14,165
19 years$36,878$30,169$24,511$19,793$15,899$12,430
20 years$34,667$28,034$22,495$17,926$14,201$10,928
21 years$32,669$26,113$20,691$16,269$12,708$9,624
22 years$30,855$24,375$19,070$14,792$11,391$8,487
23 years$29,201$22,798$17,608$13,472$10,225$7,494
24 years$27,688$21,360$16,284$12,287$9,191$6,624
25 years$26,297$20,045$15,082$11,221$8,270$5,861
26 years$25,016$18,839$13,988$10,260$7,450$5,190
27 years$23,831$17,730$12,989$9,391$6,716$4,599
28 years$22,734$16,707$12,075$8,604$6,060$4,078
29 years$21,713$15,761$11,237$7,890$5,472$3,619
30 years$20,763$14,885$10,467$7,241$4,945$3,212
31 years$19,875$14,071$9,758$6,651$4,470$2,853
32 years$19,045$13,314$9,104$6,112$4,044$2,535
33 years$18,267$12,609$8,501$5,621$3,660$2,253
34 years$17,536$11,950$7,943$5,172$3,313$2,003
35 years$16,848$11,334$7,426$4,761$3,001$1,781
36 years$16,200$10,758$6,947$4,384$2,719$1,584
37 years$15,588$10,218$6,502$4,040$2,464$1,410
38 years$15,010$9,710$6,089$3,723$2,234$1,254
39 years$14,463$9,234$5,704$3,433$2,026$1,116
40 years$13,945$8,785$5,347$3,167$1,838$994
41 years$13,453$8,363$5,014$2,922$1,667$885
42 years$12,986$7,964$4,703$2,696$1,513$788
43 years$12,542$7,588$4,413$2,489$1,373$701
44 years$12,119$7,233$4,142$2,298$1,246$625
45 years$11,716$6,898$3,890$2,122$1,131$556
46 years$11,332$6,580$3,653$1,961$1,027$496
47 years$10,965$6,279$3,432$1,811$933$441
48 years$10,615$5,994$3,225$1,674$847$393
49 years$10,279$5,724$3,032$1,547$769$350
50 years$9,959$5,468$2,850$1,430$699$312

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,200,000, adding $6,180 every year, while hoping to spend $24,671 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: 74/17/9 Blend
62$10,200,000$10,200,000$10,200,000$10,200,000
63$11,246,775$10,706,175$10,548,075$12,061,328
64$12,367,696$11,204,527$10,875,185$13,097,547
65$13,602,124$11,726,473$11,212,428$14,228,717
66$14,961,611$12,273,140$11,560,114$15,467,253
67$16,458,886$12,845,715$11,918,569$16,823,776
68$18,107,976$13,445,438$12,288,124$18,309,977
69$19,924,337$14,073,612$12,669,123$19,938,725
70$21,925,001$14,731,600$13,061,921$21,724,186
71$24,128,736$15,420,834$13,466,880$23,681,953
72$26,556,226$16,142,813$13,884,379$25,829,195
73$29,230,259$16,899,110$14,314,804$28,184,814
74$32,175,951$17,691,371$14,758,556$30,769,622
75$35,420,976$18,521,326$15,216,045$33,606,532
76$38,995,830$19,390,786$15,687,697$36,720,776
77$42,934,120$20,301,650$16,173,950$40,140,140
78$47,272,878$21,255,908$16,675,255$43,895,220
79$52,052,913$22,255,649$17,192,078$48,019,709
80$57,319,194$23,303,061$17,724,897$52,550,716
81$63,121,279$24,400,437$18,274,207$57,529,107
82$69,513,774$25,550,184$18,840,519$62,999,891
83$76,556,860$26,754,823$19,424,357$69,012,641
84$84,316,850$28,016,999$20,026,262$75,621,957
85$92,866,821$29,339,485$20,646,795$82,887,978
86$102,287,303$30,725,186$21,286,529$90,876,948
87$112,667,038$32,177,151$21,946,058$99,661,831
88$124,103,819$33,698,574$22,625,994$109,323,004
89$136,705,411$35,292,807$23,326,967$119,949,001
90$150,590,570$36,963,361$24,049,628$131,637,355
91$165,890,163$38,713,921$24,794,645$144,495,503
92$182,748,405$40,548,348$25,562,711$158,641,803
93$201,324,216$42,470,691$26,354,536$174,206,640
94$221,792,728$44,485,197$27,170,854$191,333,655
95$244,346,931$46,596,317$28,012,423$210,181,093
96$269,199,501$48,808,719$28,880,022$230,923,291
97$296,584,801$51,127,298$29,774,454$253,752,318
98$326,761,102$53,557,186$30,696,549$278,879,778
99$360,013,012$56,103,765$31,647,161$306,538,804
100$396,654,168$58,772,679$32,627,169$336,986,249