Can I retire at age 63 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,335,897
2 years$694,972$682,029$669,485$657,323$645,526$625,713
3 years$458,713$445,714$433,201$421,153$409,548$390,245
4 years$340,606$327,647$315,260$303,417$292,093$273,449
5 years$269,760$256,879$244,654$233,053$222,044$204,113
6 years$222,546$209,761$197,717$186,375$175,696$158,499
7 years$188,834$176,157$164,304$153,229$142,888$126,430
8 years$163,562$150,999$139,343$128,540$118,539$102,819
9 years$143,916$131,472$120,016$109,487$99,827$84,836
10 years$128,208$115,886$104,632$94,379$85,058$70,785
11 years$115,365$103,166$92,117$82,138$73,153$59,584
12 years$104,670$92,597$81,751$72,046$63,393$50,512
13 years$95,628$83,680$73,039$63,606$55,280$43,069
14 years$87,883$76,063$65,626$56,462$48,458$36,898
15 years$81,178$69,485$59,252$50,355$42,666$31,737
16 years$75,316$63,751$53,720$45,087$37,708$27,389
17 years$70,150$58,712$48,883$40,510$33,435$23,703
18 years$65,562$54,253$44,624$36,508$29,729$20,562
19 years$61,463$50,281$40,851$32,988$26,498$17,874
20 years$57,778$46,724$37,491$29,877$23,668$15,565
21 years$54,448$43,521$34,485$27,115$21,180$13,574
22 years$51,425$40,625$31,783$24,654$18,985$11,853
23 years$48,669$37,996$29,346$22,453$17,042$10,363
24 years$46,146$35,600$27,140$20,478$15,318$9,068
25 years$43,829$33,409$25,137$18,702$13,784$7,942
26 years$41,693$31,399$23,313$17,100$12,416$6,961
27 years$39,719$29,550$21,649$15,652$11,194$6,105
28 years$37,889$27,845$20,125$14,341$10,101$5,357
29 years$36,189$26,268$18,728$13,151$9,121$4,703
30 years$34,605$24,808$17,445$12,069$8,241$4,131
31 years$33,126$23,452$16,263$11,085$7,451$3,630
32 years$31,742$22,190$15,174$10,187$6,740$3,190
33 years$30,445$21,014$14,168$9,368$6,099$2,805
34 years$29,226$19,917$13,238$8,619$5,522$2,467
35 years$28,080$18,891$12,376$7,934$5,002$2,170
36 years$27,000$17,930$11,578$7,307$4,532$1,909
37 years$25,981$17,029$10,836$6,733$4,107$1,680
38 years$25,017$16,184$10,148$6,206$3,724$1,478
39 years$24,106$15,389$9,507$5,722$3,377$1,301
40 years$23,242$14,642$8,911$5,278$3,063$1,146
41 years$22,422$13,938$8,356$4,869$2,779$1,009
42 years$21,643$13,274$7,838$4,494$2,521$888
43 years$20,903$12,647$7,355$4,148$2,288$782
44 years$20,198$12,055$6,904$3,830$2,077$689
45 years$19,527$11,496$6,483$3,537$1,886$606
46 years$18,886$10,967$6,089$3,268$1,712$534
47 years$18,275$10,465$5,720$3,019$1,555$470
48 years$17,691$9,991$5,375$2,790$1,412$414
49 years$17,132$9,541$5,053$2,578$1,282$365
50 years$16,598$9,114$4,750$2,383$1,165$321

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,000,000, adding $2,369 every year, while hoping to spend $47,695 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: 76/18/6 Blend
62$17,000,000$17,000,000$17,000,000$17,000,000
63$18,736,444$17,835,444$17,571,944$20,149,255
64$20,596,814$18,658,633$18,109,857$21,900,842
65$22,645,343$19,520,561$18,664,191$23,813,791
66$24,901,174$20,423,074$19,235,447$25,909,076
67$27,385,398$21,368,109$19,824,139$28,204,760
68$30,121,259$22,357,696$20,430,798$30,720,726
69$33,134,368$23,393,964$21,055,970$33,478,860
70$36,452,947$24,479,142$21,700,219$36,503,255
71$40,108,096$25,615,569$22,364,125$39,820,434
72$44,134,084$26,805,694$23,048,286$43,459,600
73$48,568,674$28,052,086$23,753,317$47,452,901
74$53,453,480$29,357,439$24,479,853$51,835,739
75$58,834,355$30,724,574$25,228,549$56,647,092
76$64,761,832$32,156,450$26,000,077$61,929,880
77$71,291,591$33,656,169$26,795,133$67,731,368
78$78,484,994$35,226,982$27,614,430$74,103,603
79$86,409,656$36,872,297$28,458,707$81,103,906
80$95,140,089$38,595,687$29,328,721$88,795,403
81$104,758,400$40,400,898$30,225,255$97,247,617
82$115,355,070$42,291,855$31,149,114$106,537,118
83$127,029,807$44,272,676$32,101,129$116,748,244
84$139,892,485$46,347,675$33,082,156$127,973,884
85$154,064,185$48,521,377$34,093,074$140,316,353
86$169,678,331$50,798,525$35,134,791$153,888,352
87$186,881,959$53,184,089$36,208,244$168,814,021
88$205,837,093$55,683,285$37,314,395$185,230,104
89$226,722,287$58,301,576$38,454,238$203,287,236
90$249,734,299$61,044,692$39,628,794$223,151,352
91$275,089,956$63,918,641$40,839,117$245,005,250
92$303,028,197$66,929,720$42,086,293$269,050,301
93$333,812,330$70,084,532$43,371,440$295,508,348
94$367,732,514$73,390,001$44,695,710$324,623,785
95$405,108,504$76,853,385$46,060,290$356,665,855
96$446,292,664$80,482,293$47,466,402$391,931,186
97$491,673,296$84,284,705$48,915,307$430,746,572
98$541,678,304$88,268,988$50,408,301$473,472,052
99$596,779,234$92,443,911$51,946,722$520,504,295
100$657,495,726$96,818,673$53,531,947$572,280,332