Can I retire at age 63 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$858,822$851,172$843,709$836,424$829,311$818,269
2 years$425,160$417,241$409,567$402,127$394,910$383,804
3 years$280,624$272,672$265,017$257,647$250,547$239,721
4 years$208,371$200,443$192,865$185,620$178,692$168,230
5 years$165,030$157,149$149,671$142,574$135,839$125,771
6 years$136,145$128,324$120,956$114,017$107,485$97,822
7 years$115,522$107,767$100,515$93,740$87,414$78,161
8 years$100,061$92,376$85,245$78,636$72,518$63,674
9 years$88,043$80,430$73,421$66,981$61,071$52,631
10 years$78,433$70,895$64,010$57,738$52,035$43,994
11 years$70,576$63,114$56,354$50,249$44,752$37,102
12 years$64,033$56,647$50,013$44,075$38,781$31,513
13 years$58,502$51,193$44,683$38,912$33,818$26,923
14 years$53,764$46,533$40,148$34,542$29,645$23,112
15 years$49,662$42,508$36,248$30,805$26,102$19,920
16 years$46,076$39,001$32,864$27,583$23,069$17,226
17 years$42,915$35,918$29,905$24,783$20,454$14,940
18 years$40,109$33,190$27,299$22,334$18,187$12,988
19 years$37,601$30,760$24,991$20,181$16,210$11,315
20 years$35,346$28,584$22,936$18,278$14,479$9,875
21 years$33,309$26,625$21,097$16,588$12,957$8,631
22 years$31,460$24,853$19,444$15,082$11,615$7,555
23 years$29,774$23,245$17,953$13,736$10,426$6,620
24 years$28,230$21,779$16,603$12,528$9,371$5,806
25 years$26,813$20,438$15,378$11,441$8,432$5,097
26 years$25,506$19,209$14,262$10,461$7,596$4,478
27 years$24,299$18,078$13,244$9,575$6,848$3,937
28 years$23,179$17,034$12,312$8,773$6,179$3,463
29 years$22,139$16,070$11,457$8,045$5,580$3,048
30 years$21,170$15,176$10,672$7,383$5,042$2,684
31 years$20,265$14,347$9,949$6,781$4,558$2,364
32 years$19,418$13,575$9,283$6,232$4,123$2,083
33 years$18,625$12,856$8,667$5,731$3,731$1,836
34 years$17,880$12,184$8,098$5,273$3,378$1,619
35 years$17,178$11,557$7,571$4,854$3,060$1,427
36 years$16,518$10,969$7,083$4,470$2,772$1,259
37 years$15,894$10,418$6,629$4,119$2,513$1,111
38 years$15,305$9,901$6,208$3,796$2,278$980
39 years$14,747$9,415$5,816$3,501$2,066$865
40 years$14,218$8,957$5,452$3,229$1,874$763
41 years$13,717$8,527$5,112$2,979$1,700$674
42 years$13,241$8,120$4,795$2,749$1,543$595
43 years$12,788$7,737$4,500$2,538$1,400$525
44 years$12,357$7,375$4,224$2,343$1,271$464
45 years$11,946$7,033$3,966$2,164$1,154$409
46 years$11,554$6,709$3,725$1,999$1,047$361
47 years$11,180$6,402$3,499$1,847$951$319
48 years$10,823$6,112$3,288$1,707$864$282
49 years$10,481$5,837$3,091$1,577$784$249
50 years$10,154$5,575$2,906$1,458$713$220

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,400,000, adding $2,529 every year, while hoping to spend $35,273 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: 67/25/8 Blend
62$10,400,000$10,400,000$10,400,000$10,400,000
63$11,463,409$10,912,209$10,751,009$12,214,296
64$12,595,146$11,409,377$11,073,637$13,210,303
65$13,841,139$11,929,724$11,405,892$14,294,299
66$15,213,003$12,474,348$11,748,057$15,478,421
67$16,723,540$13,044,402$12,100,427$16,772,446
68$18,386,853$13,641,090$12,463,305$18,187,129
69$20,218,487$14,265,678$12,837,000$19,734,304
70$22,235,567$14,919,490$13,221,833$21,426,990
71$24,456,964$15,603,915$13,618,135$23,279,512
72$26,903,476$16,320,408$14,026,243$25,307,635
73$29,598,017$17,070,494$14,446,509$27,528,705
74$32,565,837$17,855,772$14,879,290$29,961,818
75$35,834,764$18,677,916$15,324,957$32,627,986
76$39,435,458$19,538,682$15,783,891$35,550,342
77$43,401,708$20,439,910$16,256,485$38,754,347
78$47,770,746$21,383,530$16,743,141$42,268,030
79$52,583,601$22,371,562$17,244,275$46,122,251
80$57,885,484$23,406,124$17,760,314$50,350,980
81$63,726,218$24,489,439$18,291,699$54,991,624
82$70,160,704$25,623,833$18,838,883$60,085,365
83$77,249,442$26,811,747$19,402,331$65,677,552
84$85,059,099$28,055,737$19,982,524$71,818,118
85$93,663,143$29,358,484$20,579,954$78,562,052
86$103,142,533$30,722,798$21,195,132$85,969,908
87$113,586,481$32,151,625$21,828,578$94,108,370
88$125,093,299$33,648,052$22,480,833$103,050,882
89$137,771,324$35,215,315$23,152,449$112,878,326
90$151,739,941$36,856,807$23,843,998$123,679,787
91$167,130,709$38,576,085$24,556,066$135,553,381
92$184,088,603$40,376,875$25,289,257$148,607,178
93$202,773,386$42,263,088$26,044,192$162,960,213
94$223,361,111$44,238,818$26,821,512$178,743,599
95$246,045,786$46,308,362$27,621,874$196,101,764
96$271,041,206$48,476,221$28,445,957$215,193,796
97$298,582,969$50,747,117$29,294,456$236,194,943
98$328,930,702$53,125,996$30,168,091$259,298,256
99$362,370,511$55,618,046$31,067,599$284,716,398
100$399,217,680$58,228,707$31,993,740$312,683,647