Can I retire at age 63 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$891,854$883,910$876,159$868,594$861,207$839,706
2 years$441,512$433,289$425,320$417,593$410,099$388,573
3 years$291,417$283,159$275,210$267,556$260,183$239,306
4 years$216,385$208,152$200,283$192,759$185,565$165,497
5 years$171,377$163,194$155,427$148,057$141,064$121,860
6 years$141,382$133,260$125,608$118,403$111,619$93,299
7 years$119,965$111,911$104,381$97,345$90,776$73,342
8 years$103,910$95,929$88,524$81,661$75,307$58,752
9 years$91,429$83,523$76,245$69,557$63,420$47,728
10 years$81,450$73,622$66,472$59,959$54,037$39,191
11 years$73,291$65,541$58,521$52,182$46,473$32,451
12 years$66,496$58,826$51,936$45,771$40,273$27,051
13 years$60,752$53,162$46,401$40,409$35,119$22,671
14 years$55,832$48,322$41,692$35,870$30,785$19,083
15 years$51,572$44,143$37,642$31,990$27,105$16,121
16 years$47,848$40,501$34,128$28,644$23,956$13,660
17 years$44,566$37,300$31,055$25,736$21,241$11,603
18 years$41,651$34,467$28,349$23,193$18,886$9,876
19 years$39,047$31,943$25,953$20,957$16,834$8,421
20 years$36,706$29,683$23,818$18,981$15,036$7,191
21 years$34,590$27,649$21,908$17,226$13,456$6,149
22 years$32,670$25,809$20,192$15,663$12,061$5,263
23 years$30,919$24,139$18,643$14,264$10,827$4,509
24 years$29,316$22,616$17,242$13,010$9,731$3,866
25 years$27,844$21,224$15,970$11,881$8,757$3,316
26 years$26,487$19,948$14,811$10,864$7,888$2,847
27 years$25,233$18,773$13,753$9,944$7,112$2,445
28 years$24,071$17,690$12,785$9,111$6,417$2,101
29 years$22,991$16,688$11,898$8,355$5,794$1,805
30 years$21,984$15,760$11,082$7,667$5,235$1,552
31 years$21,044$14,899$10,332$7,042$4,733$1,335
32 years$20,165$14,097$9,640$6,472$4,282$1,148
33 years$19,341$13,350$9,001$5,951$3,875$988
34 years$18,567$12,653$8,410$5,476$3,508$850
35 years$17,839$12,001$7,863$5,041$3,178$731
36 years$17,153$11,391$7,355$4,642$2,879$630
37 years$16,505$10,819$6,884$4,277$2,609$542
38 years$15,893$10,282$6,447$3,942$2,366$466
39 years$15,314$9,777$6,040$3,635$2,145$402
40 years$14,765$9,302$5,661$3,353$1,946$346
41 years$14,245$8,854$5,309$3,093$1,765$298
42 years$13,750$8,433$4,980$2,855$1,602$256
43 years$13,280$8,035$4,673$2,635$1,454$221
44 years$12,832$7,659$4,386$2,433$1,320$190
45 years$12,405$7,303$4,118$2,247$1,198$164
46 years$11,998$6,967$3,868$2,076$1,088$141
47 years$11,610$6,649$3,634$1,918$988$121
48 years$11,239$6,347$3,415$1,772$897$105
49 years$10,884$6,061$3,210$1,638$815$90
50 years$10,545$5,790$3,018$1,514$740$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,800,000, adding $3,158 every year, while hoping to spend $52,615 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: 80/14/6 Blend
62$10,800,000$10,800,000$10,800,000$10,800,000
63$11,904,857$11,332,457$11,165,057$12,851,658
64$13,063,171$11,831,766$11,483,105$13,971,237
65$14,337,869$12,353,777$11,810,044$15,192,106
66$15,740,767$12,899,548$12,146,116$16,530,057
67$17,284,885$13,470,185$12,491,570$17,996,747
68$18,984,567$14,066,848$12,846,661$19,605,007
69$20,855,621$14,690,751$13,211,652$21,368,968
70$22,915,462$15,343,166$13,586,811$23,304,188
71$25,183,284$16,025,426$13,972,414$25,427,799
72$27,680,232$16,738,925$14,368,743$27,758,668
73$30,429,609$17,485,126$14,776,089$30,317,570
74$33,457,091$18,265,559$15,194,750$33,127,384
75$36,790,972$19,081,829$15,625,031$36,213,310
76$40,462,428$19,935,615$16,067,247$39,603,099
77$44,505,814$20,828,679$16,521,718$43,327,317
78$48,958,987$21,762,864$16,988,775$47,419,629
79$53,863,661$22,740,101$17,468,756$51,917,117
80$59,265,803$23,762,415$17,962,009$56,860,623
81$65,216,068$24,831,926$18,468,889$62,295,139
82$71,770,272$25,950,856$18,989,762$68,270,221
83$78,989,923$27,121,531$19,525,002$74,840,459
84$86,942,799$28,346,390$20,074,994$82,065,990
85$95,703,590$29,627,989$20,640,131$90,013,060
86$105,354,599$30,969,003$21,220,819$98,754,646
87$115,986,522$32,372,238$21,817,470$108,371,142
88$127,699,303$33,840,634$22,430,511$118,951,118
89$140,603,075$35,377,268$23,060,376$130,592,148
90$154,819,203$36,985,368$23,707,513$143,401,727
91$170,481,427$38,668,316$24,372,380$157,498,287
92$187,737,123$40,429,654$25,055,445$173,012,304
93$206,748,697$42,273,095$25,757,191$190,087,532
94$227,695,118$44,202,530$26,478,110$208,882,349
95$250,773,602$46,222,036$27,218,709$229,571,254
96$276,201,479$48,335,886$27,979,505$252,346,505
97$304,218,243$50,548,557$28,761,031$277,419,930
98$335,087,809$52,864,741$29,563,831$305,024,919
99$369,101,009$55,289,357$30,388,462$335,418,629
100$406,578,333$57,827,557$31,235,498$368,884,395