Can I retire at age 63 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$883,596$875,725$868,047$860,552$853,233$844,322
2 years$437,424$429,277$421,382$413,727$406,301$397,328
3 years$288,719$280,537$272,662$265,079$257,774$249,017
4 years$214,381$206,225$198,428$190,974$183,847$175,372
5 years$169,790$161,683$153,988$146,687$139,757$131,591
6 years$140,073$132,026$124,445$117,306$110,585$102,737
7 years$118,854$110,875$103,415$96,444$89,935$82,408
8 years$102,948$95,041$87,704$80,905$74,610$67,404
9 years$90,582$82,750$75,539$68,913$62,833$55,945
10 years$80,696$72,940$65,857$59,403$53,536$46,963
11 years$72,612$64,934$57,979$51,699$46,043$39,778
12 years$65,881$58,281$51,455$45,347$39,900$33,937
13 years$60,189$52,669$45,972$40,034$34,794$29,126
14 years$55,315$47,875$41,306$35,538$30,500$25,119
15 years$51,094$43,735$37,294$31,694$26,854$21,753
16 years$47,405$40,126$33,812$28,378$23,734$18,903
17 years$44,153$36,954$30,768$25,498$21,044$16,475
18 years$41,266$34,147$28,087$22,979$18,712$14,395
19 years$38,685$31,648$25,712$20,763$16,678$12,604
20 years$36,366$29,408$23,597$18,805$14,897$11,057
21 years$34,270$27,393$21,705$17,067$13,331$9,715
22 years$32,367$25,570$20,005$15,518$11,950$8,548
23 years$30,633$23,915$18,471$14,132$10,727$7,531
24 years$29,045$22,407$17,082$12,889$9,641$6,641
25 years$27,586$21,028$15,822$11,771$8,676$5,863
26 years$26,242$19,763$14,674$10,763$7,815$5,179
27 years$25,000$18,599$13,626$9,852$7,046$4,579
28 years$23,848$17,526$12,667$9,026$6,357$4,050
29 years$22,778$16,534$11,788$8,277$5,741$3,585
30 years$21,781$15,614$10,980$7,596$5,187$3,175
31 years$20,850$14,761$10,236$6,977$4,690$2,813
32 years$19,979$13,967$9,551$6,412$4,242$2,493
33 years$19,162$13,227$8,917$5,896$3,839$2,210
34 years$18,395$12,536$8,332$5,425$3,476$1,960
35 years$17,674$11,890$7,790$4,994$3,148$1,739
36 years$16,994$11,285$7,287$4,599$2,852$1,543
37 years$16,353$10,718$6,821$4,238$2,585$1,369
38 years$15,746$10,186$6,387$3,906$2,344$1,215
39 years$15,172$9,686$5,984$3,602$2,125$1,079
40 years$14,629$9,216$5,609$3,322$1,928$958
41 years$14,113$8,772$5,259$3,065$1,749$850
42 years$13,623$8,355$4,933$2,828$1,587$755
43 years$13,157$7,960$4,629$2,611$1,440$671
44 years$12,713$7,588$4,345$2,411$1,307$596
45 years$12,290$7,236$4,080$2,226$1,187$529
46 years$11,887$6,903$3,832$2,057$1,078$470
47 years$11,503$6,587$3,600$1,900$979$418
48 years$11,135$6,288$3,383$1,756$889$371
49 years$10,783$6,005$3,180$1,623$807$330
50 years$10,447$5,736$2,990$1,500$733$293

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,700,000, adding $2,826 every year, while hoping to spend $21,658 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: 59/27/14 Blend
62$10,700,000$10,700,000$10,700,000$10,700,000
63$11,794,315$11,227,215$11,061,365$12,448,553
64$12,974,291$11,754,305$11,408,877$13,417,346
65$14,273,899$12,306,496$11,767,304$14,470,640
66$15,705,318$12,884,995$12,136,990$15,618,717
67$17,281,970$13,491,069$12,518,289$16,870,713
68$19,018,643$14,126,044$12,911,564$18,236,672
69$20,931,635$14,791,311$13,317,192$19,727,640
70$23,038,905$15,488,328$13,735,561$21,355,761
71$25,360,242$16,218,625$14,167,071$23,134,393
72$27,917,454$16,983,804$14,612,134$25,078,229
73$30,734,570$17,785,547$15,071,177$27,203,431
74$33,838,074$18,625,616$15,544,639$29,527,780
75$37,257,144$19,505,858$16,032,971$32,070,836
76$41,023,939$20,428,211$16,536,642$34,854,125
77$45,173,893$21,394,707$17,056,132$37,901,330
78$49,746,057$22,407,474$17,591,939$41,238,516
79$54,783,461$23,468,746$18,144,575$44,894,368
80$60,333,524$24,580,865$18,714,569$48,900,456
81$66,448,501$25,746,285$19,302,464$53,291,530
82$73,185,977$26,967,581$19,908,825$58,105,839
83$80,609,406$28,247,452$20,534,230$63,385,491
84$88,788,716$29,588,728$21,179,278$69,176,839
85$97,800,966$30,994,377$21,844,585$75,530,914
86$107,731,074$32,467,510$22,530,787$82,503,903
87$118,672,616$34,011,391$23,238,541$90,157,665
88$130,728,714$35,629,440$23,968,524$98,560,316
89$144,013,006$37,325,246$24,721,433$107,786,858
90$158,650,720$39,102,571$25,497,988$117,919,881
91$174,779,855$40,965,358$26,298,932$129,050,335
92$192,552,485$42,917,745$27,125,031$141,278,377
93$212,136,193$44,964,069$27,977,074$154,714,310
94$233,715,655$47,108,879$28,855,876$169,479,612
95$257,494,382$49,356,944$29,762,278$185,708,075
96$283,696,640$51,713,265$30,697,146$203,547,055
97$312,569,570$54,183,088$31,661,373$223,158,851
98$344,385,519$56,771,912$32,655,882$244,722,231
99$379,444,611$59,485,505$33,681,623$268,434,100
100$418,077,582$62,329,915$34,739,577$294,511,350