Can I retire at age 63 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$867,080$859,357$851,821$844,466$837,285$830,964
2 years$429,248$421,253$413,506$405,993$398,707$392,334
3 years$283,323$275,294$267,565$260,124$252,956$246,729
4 years$210,374$202,370$194,719$187,405$180,410$174,377
5 years$166,617$158,661$151,110$143,945$137,145$131,323
6 years$137,455$129,558$122,119$115,114$108,518$102,914
7 years$116,633$108,803$101,482$94,641$88,254$82,872
8 years$101,023$93,264$86,065$79,392$73,216$68,054
9 years$88,889$81,203$74,127$67,625$61,658$56,717
10 years$79,187$71,577$64,626$58,293$52,536$47,812
11 years$71,255$63,720$56,896$50,732$45,183$40,672
12 years$64,649$57,192$50,493$44,499$39,154$34,854
13 years$59,064$51,685$45,113$39,286$34,143$30,048
14 years$54,281$46,980$40,534$34,874$29,930$26,034
15 years$50,139$42,917$36,597$31,101$26,353$22,652
16 years$46,519$39,376$33,180$27,848$23,290$19,779
17 years$43,328$36,264$30,193$25,021$20,651$17,322
18 years$40,494$33,509$27,562$22,549$18,362$15,210
19 years$37,962$31,056$25,232$20,375$16,366$13,386
20 years$35,686$28,859$23,156$18,453$14,619$11,803
21 years$33,630$26,881$21,299$16,748$13,082$10,425
22 years$31,762$25,092$19,631$15,227$11,726$9,221
23 years$30,060$23,468$18,125$13,868$10,526$8,167
24 years$28,502$21,988$16,763$12,648$9,461$7,241
25 years$27,071$20,635$15,526$11,551$8,514$6,427
26 years$25,752$19,393$14,399$10,562$7,669$5,709
27 years$24,532$18,251$13,371$9,668$6,914$5,075
28 years$23,402$17,198$12,430$8,858$6,239$4,515
29 years$22,352$16,225$11,567$8,123$5,633$4,019
30 years$21,373$15,322$10,775$7,454$5,090$3,579
31 years$20,460$14,485$10,045$6,846$4,602$3,189
32 years$19,605$13,706$9,372$6,292$4,163$2,843
33 years$18,804$12,979$8,751$5,786$3,767$2,535
34 years$18,051$12,301$8,176$5,324$3,411$2,261
35 years$17,344$11,668$7,644$4,901$3,089$2,018
36 years$16,676$11,074$7,151$4,513$2,799$1,801
37 years$16,047$10,518$6,693$4,158$2,537$1,608
38 years$15,452$9,996$6,268$3,833$2,300$1,435
39 years$14,889$9,505$5,872$3,534$2,086$1,282
40 years$14,355$9,043$5,504$3,260$1,892$1,145
41 years$13,849$8,608$5,161$3,008$1,716$1,023
42 years$13,368$8,198$4,841$2,776$1,557$914
43 years$12,911$7,811$4,543$2,562$1,413$817
44 years$12,475$7,446$4,264$2,366$1,283$730
45 years$12,061$7,100$4,004$2,185$1,165$652
46 years$11,665$6,773$3,761$2,018$1,057$583
47 years$11,288$6,464$3,533$1,865$960$521
48 years$10,927$6,171$3,320$1,723$872$466
49 years$10,582$5,893$3,121$1,592$792$417
50 years$10,252$5,629$2,934$1,472$719$372

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,500,000, adding $2,790 every year, while hoping to spend $29,619 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: 55/22/23 Blend
62$10,500,000$10,500,000$10,500,000$10,500,000
63$11,573,878$11,017,378$10,854,628$12,137,503
64$12,722,899$11,525,715$11,186,744$13,032,749
65$13,988,128$12,057,968$11,528,992$14,003,866
66$15,381,386$12,615,277$11,881,683$15,060,848
67$16,915,700$13,198,839$12,245,132$16,211,942
68$18,605,424$13,809,905$12,619,667$17,466,216
69$20,466,377$14,449,790$13,005,625$18,833,640
70$22,515,988$15,119,870$13,403,354$20,325,179
71$24,773,463$15,821,588$13,813,210$21,952,891
72$27,259,967$16,556,456$14,235,564$23,730,042
73$29,998,822$17,326,062$14,670,794$25,671,223
74$33,015,729$18,132,065$15,119,292$27,792,488
75$36,339,006$18,976,209$15,581,461$30,111,498
76$39,999,861$19,860,320$16,057,717$32,647,690
77$44,032,683$20,786,312$16,548,486$35,422,450
78$48,475,367$21,756,191$17,054,211$38,459,314
79$53,369,672$22,772,063$17,575,345$41,784,185
80$58,761,616$23,836,131$18,112,357$45,425,577
81$64,701,908$24,950,708$18,665,728$49,414,870
82$71,246,428$26,118,218$19,235,954$53,786,612
83$78,456,753$27,341,201$19,823,549$58,578,834
84$86,400,743$28,622,320$20,429,038$63,833,404
85$95,153,173$29,964,369$21,052,966$69,596,419
86$104,796,447$31,370,273$21,695,891$75,918,631
87$115,421,372$32,843,103$22,358,390$82,855,923
88$127,128,012$34,386,076$23,041,057$90,469,829
89$140,026,641$36,002,565$23,744,503$98,828,110
90$154,238,774$37,696,106$24,469,359$108,005,382
91$169,898,321$39,470,408$25,216,275$118,083,818
92$187,152,848$41,329,356$25,985,919$129,153,915
93$206,164,972$43,277,028$26,778,980$141,315,337
94$227,113,892$45,317,695$27,596,169$154,677,855
95$250,197,084$47,455,838$28,438,216$169,362,365
96$275,632,166$49,696,153$29,305,876$185,502,029
97$303,658,949$52,043,566$30,199,924$203,243,517
98$334,541,700$54,503,239$31,121,160$222,748,385
99$368,571,643$57,080,587$32,070,408$244,194,587
100$406,069,700$59,781,286$33,048,517$267,778,147