Can I retire at age 63 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$900,112$892,094$884,272$876,637$869,181$863,704
2 years$445,600$437,301$429,258$421,460$413,896$408,370
3 years$294,116$285,781$277,758$270,033$262,593$257,190
4 years$218,389$210,079$202,137$194,544$187,283$182,046
5 years$172,964$164,705$156,867$149,428$142,370$137,313
6 years$142,691$134,494$126,772$119,499$112,652$107,783
7 years$121,076$112,948$105,348$98,247$91,616$86,936
8 years$104,872$96,817$89,343$82,417$76,005$71,514
9 years$92,275$84,297$76,951$70,201$64,007$59,704
10 years$82,204$74,303$67,088$60,514$54,537$50,421
11 years$73,969$66,148$59,063$52,665$46,904$42,970
12 years$67,112$59,371$52,417$46,194$40,646$36,892
13 years$61,314$53,654$46,831$40,783$35,444$31,867
14 years$56,349$48,770$42,078$36,202$31,070$27,664
15 years$52,049$44,552$37,991$32,286$27,356$24,118
16 years$48,291$40,876$34,444$28,909$24,178$21,102
17 years$44,978$37,645$31,343$25,974$21,438$18,520
18 years$42,037$34,786$28,612$23,408$19,061$16,297
19 years$39,408$32,239$26,193$21,151$16,990$14,372
20 years$37,046$29,958$24,039$19,156$15,176$12,701
21 years$34,911$27,905$22,111$17,386$13,580$11,242
22 years$32,972$26,048$20,379$15,808$12,173$9,967
23 years$31,205$24,362$18,816$14,396$10,927$8,847
24 years$29,588$22,826$17,402$13,130$9,822$7,862
25 years$28,102$21,421$16,117$11,991$8,838$6,994
26 years$26,733$20,132$14,948$10,964$7,961$6,228
27 years$25,467$18,947$13,881$10,036$7,177$5,549
28 years$24,294$17,853$12,904$9,195$6,476$4,949
29 years$23,203$16,843$12,008$8,432$5,848$4,416
30 years$22,188$15,906$11,185$7,738$5,284$3,942
31 years$21,239$15,037$10,428$7,107$4,777$3,521
32 years$20,352$14,228$9,729$6,532$4,321$3,146
33 years$19,520$13,474$9,084$6,006$3,911$2,813
34 years$18,739$12,770$8,488$5,526$3,541$2,515
35 years$18,004$12,112$7,935$5,087$3,207$2,250
36 years$17,312$11,496$7,423$4,685$2,906$2,013
37 years$16,658$10,919$6,948$4,317$2,634$1,802
38 years$16,041$10,377$6,507$3,979$2,388$1,613
39 years$15,456$9,867$6,096$3,669$2,165$1,444
40 years$14,902$9,388$5,714$3,384$1,964$1,293
41 years$14,376$8,936$5,358$3,122$1,782$1,158
42 years$13,877$8,511$5,026$2,881$1,617$1,038
43 years$13,403$8,109$4,716$2,660$1,467$930
44 years$12,951$7,730$4,427$2,456$1,332$833
45 years$12,520$7,371$4,157$2,268$1,209$746
46 years$12,110$7,032$3,904$2,095$1,098$669
47 years$11,718$6,710$3,668$1,936$997$599
48 years$11,343$6,406$3,447$1,789$905$537
49 years$10,985$6,117$3,240$1,653$822$482
50 years$10,642$5,843$3,046$1,528$747$432

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $10,900,000, adding $3,670 every year, while hoping to spend $55,408 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: 56/28/16 Blend
62$10,900,000$10,900,000$10,900,000$10,900,000
63$12,015,586$11,437,886$11,268,936$12,637,737
64$13,182,222$11,939,388$11,587,491$13,562,450
65$14,465,998$12,463,608$11,914,861$14,562,943
66$15,878,803$13,011,598$12,251,283$15,651,545
67$17,433,739$13,584,464$12,596,999$16,836,708
68$19,145,240$14,183,363$12,952,258$18,127,719
69$21,029,212$14,809,505$13,317,316$19,534,792
70$23,103,180$15,464,160$13,692,435$21,069,160
71$25,386,457$16,148,655$14,077,884$22,743,174
72$27,900,320$16,864,384$14,473,938$24,570,420
73$30,668,217$17,612,804$14,880,879$26,565,844
74$33,715,985$18,395,441$15,298,999$28,745,886
75$37,072,093$19,213,895$15,728,592$31,128,634
76$40,767,912$20,069,841$16,169,966$33,733,991
77$44,838,010$20,965,035$16,623,431$36,583,857
78$49,320,479$21,901,313$17,089,307$39,702,331
79$54,257,293$22,880,603$17,567,924$43,115,937
80$59,694,705$23,904,920$18,059,618$46,853,867
81$65,683,683$24,976,379$18,564,733$50,948,252
82$72,280,390$26,097,193$19,083,623$55,434,461
83$79,546,716$27,269,682$19,616,651$60,351,428
84$87,550,860$28,496,275$20,164,187$65,742,016
85$96,367,973$29,779,518$20,726,613$71,653,413
86$106,080,870$31,122,078$21,304,318$78,137,573
87$116,780,808$32,526,749$21,897,702$85,251,701
88$128,568,350$33,996,460$22,507,175$93,058,784
89$141,554,313$35,534,277$23,133,156$101,628,178
90$155,860,811$37,143,415$23,776,075$111,036,261
91$171,622,413$38,827,241$24,436,372$121,367,138
92$188,987,408$40,589,285$25,114,500$132,713,433
93$208,119,206$42,433,243$25,810,919$145,177,153
94$229,197,884$44,362,990$26,526,103$158,870,642
95$252,421,878$46,382,587$27,260,537$173,917,634
96$278,009,862$48,496,286$28,014,717$190,454,408
97$306,202,810$50,708,547$28,789,153$208,631,068
98$337,266,272$53,024,040$29,584,365$228,612,948
99$371,492,876$55,447,663$30,400,885$250,582,163
100$409,205,095$57,984,544$31,239,261$274,739,313