Can I retire at age 63 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$850,564$842,988$835,596$828,381$821,336$804,753
2 years$421,071$413,229$405,629$398,260$391,113$374,478
3 years$277,926$270,050$262,469$255,169$248,138$231,971
4 years$206,367$198,515$191,010$183,835$176,974$161,399
5 years$163,443$155,638$148,232$141,203$134,533$119,594
6 years$134,836$127,090$119,793$112,921$106,451$92,165
7 years$114,411$106,730$99,549$92,839$86,573$72,943
8 years$99,099$91,488$84,425$77,880$71,821$58,842
9 years$87,196$79,656$72,715$66,337$60,484$48,147
10 years$77,679$70,213$63,395$57,183$51,535$39,830
11 years$69,898$62,507$55,812$49,766$44,322$33,233
12 years$63,418$56,103$49,532$43,652$38,408$27,920
13 years$57,939$50,700$44,253$38,538$33,493$23,587
14 years$53,247$46,085$39,762$34,210$29,360$20,018
15 years$49,184$42,100$35,900$30,509$25,851$17,053
16 years$45,633$38,626$32,548$27,317$22,847$14,573
17 years$42,503$35,573$29,618$24,544$20,258$12,486
18 years$39,723$32,871$27,037$22,120$18,012$10,722
19 years$37,239$30,464$24,751$19,987$16,055$9,225
20 years$35,006$28,309$22,715$18,102$14,340$7,949
21 years$32,989$26,369$20,894$16,429$12,833$6,859
22 years$31,157$24,614$19,257$14,937$11,503$5,926
23 years$29,487$23,021$17,780$13,604$10,326$5,125
24 years$27,959$21,569$16,444$12,407$9,281$4,436
25 years$26,555$20,242$15,230$11,331$8,351$3,842
26 years$25,261$19,024$14,125$10,361$7,523$3,330
27 years$24,065$17,904$13,116$9,483$6,782$2,888
28 years$22,956$16,871$12,193$8,689$6,120$2,505
29 years$21,926$15,916$11,347$7,968$5,526$2,175
30 years$20,966$15,031$10,569$7,312$4,993$1,888
31 years$20,070$14,209$9,854$6,716$4,514$1,640
32 years$19,232$13,444$9,194$6,172$4,083$1,425
33 years$18,446$12,732$8,584$5,676$3,696$1,238
34 years$17,708$12,067$8,020$5,222$3,346$1,076
35 years$17,013$11,446$7,499$4,807$3,030$935
36 years$16,359$10,863$7,015$4,427$2,746$813
37 years$15,741$10,318$6,566$4,079$2,489$707
38 years$15,158$9,806$6,148$3,760$2,256$615
39 years$14,605$9,324$5,760$3,467$2,046$535
40 years$14,082$8,871$5,399$3,198$1,856$465
41 years$13,585$8,445$5,063$2,950$1,684$405
42 years$13,113$8,042$4,749$2,723$1,528$352
43 years$12,665$7,663$4,456$2,513$1,386$306
44 years$12,238$7,304$4,183$2,321$1,258$267
45 years$11,831$6,965$3,928$2,143$1,142$232
46 years$11,443$6,644$3,689$1,980$1,037$202
47 years$11,073$6,341$3,466$1,829$942$176
48 years$10,719$6,053$3,257$1,690$855$153
49 years$10,380$5,780$3,061$1,562$777$133
50 years$10,056$5,522$2,878$1,444$706$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,300,000, adding $6,058 every year, while hoping to spend $57,222 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: 33/42/25 Blend
62$10,300,000$10,300,000$10,300,000$10,300,000
63$11,356,849$10,810,949$10,651,299$11,644,758
64$12,454,364$11,279,802$10,947,234$12,331,113
65$13,661,907$11,769,710$11,251,164$13,064,740
66$14,990,642$12,281,646$11,563,298$13,854,268
67$16,452,867$12,816,626$11,883,849$14,704,672
68$18,062,134$13,375,716$12,213,032$15,621,406
69$19,833,375$13,960,030$12,551,072$16,610,450
70$21,783,044$14,570,735$12,898,197$17,678,360
71$23,929,268$15,209,055$13,254,641$18,832,327
72$26,292,024$15,876,270$13,620,643$20,080,244
73$28,893,324$16,573,720$13,996,447$21,430,768
74$31,757,421$17,302,810$14,382,306$22,893,403
75$34,911,041$18,065,011$14,778,476$24,478,582
76$38,383,632$18,861,861$15,185,220$26,197,763
77$42,207,645$19,694,975$15,602,808$28,063,525
78$46,418,837$20,566,041$16,031,514$30,089,688
79$51,056,610$21,476,829$16,471,621$32,291,434
80$56,164,383$22,429,192$16,923,419$34,685,443
81$61,789,997$23,425,070$17,387,201$37,290,045
82$67,986,176$24,466,497$17,863,271$40,125,387
83$74,811,012$25,555,602$18,351,937$43,213,614
84$82,328,525$26,694,616$18,853,517$46,579,072
85$90,609,258$27,885,876$19,368,333$50,248,527
86$99,730,948$29,131,829$19,896,717$54,251,414
87$109,779,255$30,435,039$20,439,008$58,620,102
88$120,848,576$31,798,193$20,995,552$63,390,192
89$133,042,931$33,224,104$21,566,702$68,600,842
90$146,476,945$34,715,721$22,152,822$74,295,132
91$161,276,933$36,276,131$22,754,282$80,520,452
92$177,582,090$37,908,571$23,371,459$87,328,946
93$195,545,802$39,616,429$24,004,742$94,777,989
94$215,337,098$41,403,259$24,654,525$102,930,716
95$237,142,243$43,272,780$25,321,214$111,856,609
96$261,166,498$45,228,892$26,005,220$121,632,137
97$287,636,052$47,275,679$26,706,966$132,341,467
98$316,800,164$49,417,422$27,426,884$144,077,240
99$348,933,511$51,658,605$28,165,415$156,941,435
100$384,338,780$54,003,928$28,923,007$171,046,316