Can I retire at age 63 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$933,143$924,831$916,722$908,807$901,078$883,969
2 years$461,952$453,349$445,011$436,926$429,085$411,915
3 years$304,909$296,268$287,951$279,943$272,229$255,533
4 years$226,403$217,789$209,555$201,683$194,156$178,063
5 years$179,311$170,749$162,623$154,912$147,594$132,149
6 years$147,927$139,429$131,424$123,884$116,786$102,007
7 years$125,519$117,093$109,214$101,852$94,979$80,868
8 years$108,720$100,370$92,622$85,441$78,794$65,349
9 years$95,662$87,390$79,775$72,777$66,356$53,568
10 years$85,221$77,030$69,550$62,734$56,538$44,396
11 years$76,684$68,575$61,231$54,598$48,625$37,113
12 years$69,575$61,550$54,341$47,890$42,137$31,241
13 years$63,564$55,623$48,550$42,279$36,745$26,445
14 years$58,417$50,560$43,622$37,531$32,210$22,489
15 years$53,959$46,187$39,385$33,471$28,360$19,198
16 years$50,063$42,376$35,708$29,970$25,065$16,440
17 years$46,629$39,027$32,493$26,927$22,224$14,117
18 years$43,580$36,062$29,662$24,267$19,761$12,149
19 years$40,855$33,422$27,154$21,927$17,613$10,476
20 years$38,405$31,057$24,921$19,859$15,732$9,047
21 years$36,192$28,929$22,922$18,024$14,079$7,825
22 years$34,182$27,004$21,126$16,388$12,620$6,776
23 years$32,350$25,256$19,506$14,925$11,328$5,873
24 years$30,673$23,664$18,040$13,612$10,182$5,095
25 years$29,133$22,207$16,709$12,431$9,162$4,424
26 years$27,714$20,871$15,497$11,367$8,253$3,844
27 years$26,402$19,642$14,390$10,404$7,441$3,341
28 years$25,185$18,509$13,377$9,532$6,714$2,906
29 years$24,055$17,461$12,449$8,741$6,063$2,528
30 years$23,002$16,490$11,596$8,022$5,478$2,201
31 years$22,019$15,588$10,810$7,368$4,953$1,916
32 years$21,099$14,750$10,086$6,771$4,480$1,669
33 years$20,237$13,968$9,417$6,227$4,054$1,454
34 years$19,427$13,239$8,799$5,729$3,671$1,267
35 years$18,665$12,557$8,227$5,274$3,325$1,104
36 years$17,947$11,918$7,696$4,857$3,012$962
37 years$17,269$11,320$7,203$4,475$2,730$839
38 years$16,629$10,758$6,745$4,125$2,475$732
39 years$16,023$10,229$6,320$3,803$2,245$638
40 years$15,449$9,732$5,923$3,508$2,036$556
41 years$14,904$9,264$5,554$3,237$1,847$485
42 years$14,387$8,823$5,210$2,987$1,676$423
43 years$13,894$8,407$4,889$2,757$1,521$369
44 years$13,426$8,013$4,589$2,546$1,381$322
45 years$12,980$7,641$4,309$2,351$1,253$281
46 years$12,554$7,290$4,047$2,172$1,138$245
47 years$12,148$6,956$3,802$2,007$1,033$214
48 years$11,759$6,641$3,573$1,854$938$186
49 years$11,388$6,342$3,358$1,714$852$163
50 years$11,033$6,058$3,157$1,584$774$142

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $11,300,000, adding $5,544 every year, while hoping to spend $53,518 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: 51/25/24 Blend
62$11,300,000$11,300,000$11,300,000$11,300,000
63$12,458,319$11,859,419$11,684,269$13,009,709
64$13,672,124$12,383,587$12,018,749$13,916,851
65$15,007,945$12,931,647$12,362,641$14,896,766
66$16,478,168$13,504,711$12,716,202$15,961,178
67$18,096,446$14,103,947$13,079,700$17,118,133
68$19,877,820$14,730,576$13,453,406$18,376,470
69$21,838,864$15,385,880$13,837,601$19,745,912
70$23,997,839$16,071,199$14,232,572$21,237,144
71$26,374,869$16,787,939$14,638,614$22,861,918
72$28,992,128$17,537,570$15,056,029$24,633,158
73$31,874,048$18,321,634$15,485,129$26,565,075
74$35,047,553$19,141,746$15,926,233$28,673,306
75$38,542,309$19,999,597$16,379,668$30,975,047
76$42,391,007$20,896,961$16,845,770$33,489,221
77$46,629,671$21,835,692$17,324,884$36,236,644
78$51,297,993$22,817,737$17,817,363$39,240,225
79$56,439,716$23,845,134$18,323,572$42,525,171
80$62,103,038$24,920,016$18,843,883$46,119,224
81$68,341,073$26,044,622$19,378,678$50,052,915
82$75,212,348$27,221,295$19,928,350$54,359,852
83$82,781,359$28,452,489$20,493,301$59,077,026
84$91,119,175$29,740,779$21,073,944$64,245,156
85$100,304,114$31,088,860$21,670,704$69,909,070
86$110,422,476$32,499,556$22,284,014$76,118,121
87$121,569,362$33,975,828$22,914,322$82,926,645
88$133,849,569$35,520,776$23,562,085$90,394,466
89$147,378,583$37,137,651$24,227,772$98,587,457
90$162,283,660$38,829,858$24,911,865$107,578,154
91$178,705,039$40,600,966$25,614,857$117,446,431
92$196,797,253$42,454,715$26,337,256$128,280,247
93$216,730,600$44,395,022$27,079,580$140,176,467
94$238,692,738$46,425,995$27,842,363$153,241,770
95$262,890,467$48,551,938$28,626,152$167,593,646
96$289,551,672$50,777,361$29,431,506$183,361,493
97$318,927,481$53,106,991$30,259,000$200,687,832
98$351,294,632$55,545,781$31,109,224$219,729,641
99$386,958,083$58,098,922$31,982,781$240,659,825
100$426,253,895$60,771,857$32,880,292$263,668,837