Can I retire at age 63 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,366,257
2 years$707,237$694,065$681,300$668,923$656,917$643,550
3 years$466,808$453,579$440,846$428,585$416,775$403,725
4 years$346,617$333,429$320,823$308,772$297,248$284,614
5 years$274,521$261,412$248,972$237,166$225,963$213,784
6 years$226,473$213,463$201,206$189,664$178,797$167,087
7 years$192,166$179,266$167,203$155,933$145,410$134,175
8 years$166,448$153,664$141,802$130,808$120,631$109,871
9 years$146,455$133,792$122,134$111,420$101,589$91,299
10 years$130,471$117,931$106,479$96,045$86,559$76,733
11 years$117,401$104,987$93,742$83,588$74,444$65,074
12 years$106,517$94,231$83,194$73,318$64,511$55,589
13 years$97,315$85,157$74,328$64,729$56,255$47,770
14 years$89,434$77,405$66,784$57,459$49,313$41,253
15 years$82,611$70,711$60,297$51,243$43,419$35,773
16 years$76,646$64,876$54,668$45,883$38,374$31,129
17 years$71,388$59,749$49,746$41,225$34,025$27,168
18 years$66,719$55,210$45,412$37,152$30,253$23,772
19 years$62,547$51,168$41,572$33,570$26,965$20,845
20 years$58,797$47,548$38,153$30,404$24,086$18,313
21 years$55,409$44,289$35,093$27,594$21,554$16,115
22 years$52,332$41,342$32,344$25,089$19,320$14,201
23 years$49,527$38,667$29,864$22,849$17,343$12,529
24 years$46,960$36,228$27,619$20,840$15,588$11,067
25 years$44,602$33,998$25,581$19,032$14,027$9,784
26 years$42,429$31,953$23,725$17,402$12,635$8,657
27 years$40,420$30,071$22,031$15,928$11,392$7,666
28 years$38,558$28,336$20,480$14,594$10,279$6,792
29 years$36,827$26,732$19,059$13,383$9,282$6,022
30 years$35,215$25,246$17,752$12,282$8,386$5,341
31 years$33,710$23,865$16,550$11,280$7,582$4,740
32 years$32,302$22,581$15,442$10,367$6,859$4,208
33 years$30,982$21,385$14,418$9,533$6,207$3,736
34 years$29,742$20,268$13,471$8,771$5,620$3,319
35 years$28,576$19,224$12,595$8,074$5,090$2,949
36 years$27,476$18,246$11,782$7,436$4,612$2,621
37 years$26,439$17,330$11,028$6,852$4,180$2,330
38 years$25,459$16,470$10,327$6,315$3,789$2,072
39 years$24,531$15,661$9,675$5,823$3,436$1,842
40 years$23,652$14,900$9,069$5,371$3,117$1,639
41 years$22,818$14,184$8,503$4,955$2,828$1,458
42 years$22,025$13,508$7,977$4,573$2,566$1,297
43 years$21,272$12,870$7,485$4,222$2,329$1,154
44 years$20,555$12,268$7,026$3,898$2,114$1,027
45 years$19,872$11,699$6,597$3,600$1,919$913
46 years$19,220$11,160$6,196$3,325$1,742$813
47 years$18,598$10,650$5,821$3,072$1,582$724
48 years$18,003$10,167$5,470$2,839$1,437$644
49 years$17,435$9,709$5,142$2,624$1,305$573
50 years$16,891$9,274$4,834$2,425$1,185$510

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,300,000, adding $4,536 every year, while hoping to spend $24,707 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: 75/19/6 Blend
62$17,300,000$17,300,000$17,300,000$17,300,000
63$19,069,279$18,152,379$17,884,229$20,487,300
64$20,988,057$19,015,557$18,457,062$22,283,451
65$23,101,723$19,920,204$19,048,258$24,247,434
66$25,430,128$20,868,323$19,658,404$26,398,741
67$27,995,150$21,862,020$20,288,110$28,755,910
68$30,820,895$22,903,499$20,938,001$31,339,345
69$33,933,929$23,995,072$21,608,726$34,171,503
70$37,363,525$25,139,166$22,300,954$37,277,104
71$41,141,943$26,338,323$23,015,374$40,683,359
72$45,304,730$27,595,210$23,752,698$44,420,224
73$49,891,060$28,912,624$24,513,662$48,520,680
74$54,944,102$30,293,495$25,299,022$53,021,037
75$60,511,424$31,740,901$26,109,564$57,961,272
76$66,645,449$33,258,064$26,946,093$63,385,405
77$73,403,942$34,848,367$27,809,445$69,341,905
78$80,850,563$36,515,355$28,700,480$75,884,146
79$89,055,460$38,262,748$29,620,086$83,070,904
80$98,095,939$40,094,444$30,569,181$90,966,904
81$108,057,186$42,014,534$31,548,710$99,643,428
82$119,033,078$44,027,304$32,559,650$109,178,979
83$131,127,063$46,137,254$33,603,010$119,660,018
84$144,453,142$48,349,098$34,679,830$131,181,770
85$159,136,942$50,667,782$35,791,183$143,849,117
86$175,316,900$53,098,494$36,938,178$157,777,583
87$193,145,577$55,646,673$38,121,959$173,094,411
88$212,791,088$58,318,022$39,343,707$189,939,762
89$234,438,698$61,118,525$40,604,641$208,468,024
90$258,292,566$64,054,454$41,906,018$228,849,262
91$284,577,675$67,132,388$43,249,136$251,270,817
92$313,541,951$70,359,229$44,635,335$275,939,059
93$345,458,610$73,742,211$46,065,999$303,081,329
94$380,628,733$77,288,924$47,542,555$332,948,071
95$419,384,109$81,007,326$49,066,475$365,815,186
96$462,090,367$84,905,765$50,639,281$401,986,626
97$509,150,430$88,992,992$52,262,542$441,797,248
98$561,008,314$93,278,190$53,937,878$485,615,962
99$618,153,326$97,770,985$55,666,961$533,849,203
100$681,124,677$102,481,475$57,451,516$586,944,748