Can I retire at age 63 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$875,338$867,541$859,934$852,509$845,259$831,598
2 years$433,336$425,265$417,444$409,860$402,504$388,779
3 years$286,021$277,916$270,114$262,601$255,365$242,002
4 years$212,378$204,297$196,574$189,189$182,129$169,231
5 years$168,204$160,172$152,549$145,316$138,451$126,057
6 years$138,764$130,792$123,282$116,210$109,552$97,674
7 years$117,743$109,839$102,448$95,543$89,095$77,738
8 years$101,985$94,152$86,884$80,148$73,913$63,074
9 years$89,736$81,977$74,833$68,269$62,245$51,920
10 years$79,942$72,258$65,241$58,848$53,036$43,215
11 years$71,933$64,327$57,438$51,216$45,613$36,285
12 years$65,265$57,737$50,974$44,923$39,527$30,682
13 years$59,627$52,177$45,542$39,660$34,468$26,092
14 years$54,798$47,428$40,920$35,206$30,215$22,294
15 years$50,617$43,326$36,945$31,398$26,603$19,123
16 years$46,962$39,751$33,496$28,113$23,512$16,457
17 years$43,741$36,609$30,480$25,259$20,848$14,202
18 years$40,880$33,828$27,824$22,764$18,537$12,285
19 years$38,324$31,352$25,472$20,569$16,522$10,647
20 years$36,026$29,134$23,377$18,629$14,758$9,244
21 years$33,950$27,137$21,502$16,907$13,207$8,038
22 years$32,065$25,331$19,818$15,373$11,838$6,997
23 years$30,346$23,692$18,298$14,000$10,626$6,098
24 years$28,773$22,198$16,923$12,769$9,551$5,320
25 years$27,328$20,831$15,674$11,661$8,595$4,645
26 years$25,997$19,578$14,537$10,662$7,742$4,058
27 years$24,766$18,425$13,499$9,760$6,980$3,547
28 years$23,625$17,362$12,549$8,942$6,298$3,103
29 years$22,565$16,379$11,678$8,200$5,687$2,715
30 years$21,577$15,468$10,877$7,525$5,139$2,377
31 years$20,655$14,623$10,141$6,912$4,646$2,082
32 years$19,792$13,836$9,461$6,352$4,202$1,824
33 years$18,983$13,103$8,834$5,841$3,803$1,598
34 years$18,223$12,419$8,254$5,374$3,443$1,401
35 years$17,509$11,779$7,717$4,947$3,119$1,228
36 years$16,835$11,180$7,219$4,556$2,826$1,077
37 years$16,200$10,618$6,757$4,198$2,561$944
38 years$15,599$10,091$6,328$3,869$2,322$828
39 years$15,031$9,596$5,928$3,568$2,106$726
40 years$14,492$9,130$5,556$3,291$1,910$637
41 years$13,981$8,690$5,210$3,036$1,733$559
42 years$13,495$8,277$4,887$2,802$1,572$491
43 years$13,034$7,886$4,586$2,587$1,427$431
44 years$12,594$7,517$4,305$2,388$1,295$378
45 years$12,176$7,168$4,042$2,206$1,176$332
46 years$11,776$6,838$3,796$2,037$1,068$291
47 years$11,395$6,526$3,567$1,882$969$255
48 years$11,031$6,230$3,352$1,739$880$224
49 years$10,683$5,949$3,150$1,607$800$197
50 years$10,349$5,683$2,962$1,486$726$173

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,600,000, adding $3,689 every year, while hoping to spend $32,655 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: 56/16/28 Blend
62$10,600,000$10,600,000$10,600,000$10,600,000
63$11,685,005$11,123,205$10,958,905$12,248,974
64$12,842,131$11,633,498$11,291,284$13,147,757
65$14,116,189$12,167,700$11,633,703$14,122,835
66$15,519,073$12,726,949$11,986,464$15,184,612
67$17,063,885$13,312,437$12,349,878$16,341,467
68$18,765,068$13,925,413$12,724,265$17,602,612
69$20,638,532$14,567,185$13,109,955$18,978,182
70$22,701,812$15,239,127$13,507,288$20,479,327
71$24,974,227$15,942,675$13,916,613$22,118,312
72$27,477,070$16,679,337$14,338,290$23,908,634
73$30,233,799$17,450,693$14,772,692$25,865,143
74$33,270,268$18,258,398$15,220,198$28,004,181
75$36,614,965$19,104,189$15,681,204$30,343,734
76$40,299,281$19,989,884$16,156,114$32,903,598
77$44,357,810$20,917,390$16,645,346$35,705,562
78$48,828,670$21,888,706$17,149,329$38,773,609
79$53,753,869$22,905,927$17,668,506$42,134,143
80$59,179,695$23,971,249$18,203,332$45,816,230
81$65,157,158$25,086,974$18,754,278$49,851,872
82$71,742,467$26,255,515$19,321,826$54,276,301
83$78,997,566$27,479,403$19,906,474$59,128,312
84$86,990,712$28,761,287$20,508,735$64,450,623
85$95,797,123$30,103,949$21,129,136$70,290,271
86$105,499,690$31,510,303$21,768,222$76,699,056
87$116,189,752$32,983,402$22,426,552$83,734,021
88$127,967,968$34,526,449$23,104,702$91,457,988
89$140,945,258$36,142,803$23,803,267$99,940,143
90$155,243,855$37,835,980$24,522,857$109,256,688
91$170,998,457$39,609,673$25,264,102$119,491,548
92$188,357,500$41,467,747$26,027,650$130,737,164
93$207,484,558$43,414,259$26,814,169$143,095,353
94$228,559,885$45,453,460$27,624,345$156,678,267
95$251,782,120$47,589,807$28,458,888$171,609,444
96$277,370,161$49,827,972$29,318,525$188,024,964
97$305,565,229$52,172,855$30,204,008$206,074,730
98$336,633,149$54,629,591$31,116,109$225,923,873
99$370,866,855$57,203,566$32,055,623$247,754,304
100$408,589,158$59,900,424$33,023,370$271,766,420