Can I retire at age 63 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,323,642
2 years$699,060$686,041$673,423$661,189$649,323$609,412
3 years$461,411$448,335$435,749$423,630$411,957$373,321
4 years$342,609$329,574$317,114$305,202$293,811$256,747
5 years$271,347$258,390$246,093$234,424$223,351$187,960
6 years$223,855$210,995$198,880$187,471$176,730$143,044
7 years$189,945$177,193$165,270$154,130$143,729$111,747
8 years$164,524$151,887$140,162$129,296$119,237$88,940
9 years$144,762$132,245$120,722$110,132$100,415$71,773
10 years$128,962$116,568$105,248$94,934$85,558$58,532
11 years$116,044$103,773$92,659$82,621$73,583$48,126
12 years$105,286$93,141$82,232$72,470$63,765$39,827
13 years$96,190$84,173$73,469$63,980$55,605$33,132
14 years$88,400$76,511$66,012$56,794$48,743$27,678
15 years$81,655$69,894$59,600$50,651$42,917$23,202
16 years$75,759$64,126$54,036$45,352$37,930$19,506
17 years$70,563$59,058$49,171$40,749$33,631$16,436
18 years$65,948$54,572$44,887$36,723$29,904$13,877
19 years$61,824$50,577$41,092$33,182$26,654$11,736
20 years$58,117$46,998$37,712$30,053$23,808$9,938
21 years$54,768$43,777$34,688$27,275$21,305$8,426
22 years$51,727$40,864$31,970$24,799$19,097$7,150
23 years$48,955$38,220$29,519$22,585$17,143$6,073
24 years$46,417$35,809$27,300$20,599$15,408$5,161
25 years$44,086$33,605$25,285$18,812$13,865$4,389
26 years$41,938$31,584$23,451$17,201$12,489$3,735
27 years$39,953$29,724$21,776$15,744$11,260$3,179
28 years$38,112$28,009$20,244$14,425$10,160$2,707
29 years$36,402$26,423$18,838$13,228$9,174$2,306
30 years$34,808$24,954$17,547$12,140$8,290$1,964
31 years$33,320$23,589$16,359$11,150$7,495$1,674
32 years$31,928$22,320$15,263$10,247$6,779$1,427
33 years$30,624$21,138$14,251$9,423$6,135$1,216
34 years$29,398$20,034$13,315$8,670$5,555$1,037
35 years$28,245$19,002$12,449$7,981$5,031$884
36 years$27,159$18,035$11,646$7,350$4,559$754
37 years$26,133$17,130$10,900$6,772$4,132$643
38 years$25,164$16,279$10,208$6,242$3,746$548
39 years$24,247$15,480$9,563$5,756$3,397$468
40 years$23,378$14,728$8,964$5,309$3,081$399
41 years$22,554$14,020$8,405$4,898$2,795$340
42 years$21,771$13,352$7,884$4,520$2,536$290
43 years$21,026$12,722$7,398$4,173$2,302$248
44 years$20,317$12,126$6,945$3,853$2,089$211
45 years$19,642$11,564$6,521$3,558$1,897$180
46 years$18,998$11,031$6,125$3,287$1,722$154
47 years$18,383$10,527$5,754$3,037$1,564$131
48 years$17,795$10,049$5,407$2,806$1,420$112
49 years$17,233$9,597$5,082$2,593$1,290$96
50 years$16,696$9,167$4,778$2,397$1,172$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,100,000, adding $4,699 every year, while hoping to spend $56,427 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: 34/47/19 Blend
62$17,100,000$17,100,000$17,100,000$17,100,000
63$18,849,047$17,942,747$17,677,697$19,379,644
64$20,711,612$18,761,904$18,209,862$20,590,035
65$22,762,267$19,619,308$18,757,963$21,888,849
66$25,020,139$20,516,774$19,322,475$23,288,282
67$27,506,301$21,456,204$19,903,886$24,797,262
68$30,243,976$22,439,590$20,502,699$26,425,572
69$33,258,753$23,469,022$21,119,430$28,183,930
70$36,578,828$24,546,687$21,754,614$30,084,087
71$40,235,274$25,674,879$22,408,799$32,138,922
72$44,262,327$26,856,004$23,082,549$34,362,559
73$48,697,716$28,092,579$23,776,445$36,770,492
74$53,583,014$29,387,247$24,491,088$39,379,716
75$58,964,034$30,742,774$25,227,092$42,208,883
76$64,891,258$32,162,063$25,985,092$45,278,462
77$71,420,314$33,648,152$26,765,741$48,610,924
78$78,612,505$35,204,230$27,569,711$52,230,940
79$86,535,379$36,833,636$28,397,695$56,165,602
80$95,263,375$38,539,871$29,250,405$60,444,668
81$104,878,520$40,326,606$30,128,575$65,100,825
82$115,471,206$42,197,686$31,032,959$70,169,986
83$127,141,040$44,157,145$31,964,334$75,691,613
84$139,997,789$46,209,207$32,923,502$81,709,074
85$154,162,409$48,358,304$33,911,285$88,270,034
86$169,768,194$50,609,080$34,928,532$95,426,894
87$186,962,026$52,966,402$35,976,115$103,237,257
88$205,905,771$55,435,373$37,054,932$111,764,466
89$226,777,796$58,021,342$38,165,909$121,078,169
90$249,774,661$60,729,918$39,309,997$131,254,965
91$275,112,970$63,566,978$40,488,176$142,379,103
92$303,031,418$66,538,685$41,701,455$154,543,253
93$333,793,041$69,651,499$42,950,871$167,849,359
94$367,687,700$72,912,192$44,237,495$182,409,575
95$405,034,820$76,327,863$45,562,425$198,347,300
96$446,186,399$79,905,956$46,926,794$215,798,312
97$491,530,337$83,654,273$48,331,767$234,912,026
98$541,494,095$87,580,995$49,778,544$255,852,872
99$596,548,726$91,694,698$51,268,359$278,801,816
100$657,213,331$96,004,373$52,802,483$303,958,036