Can I retire at age 63 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,353,409
2 years$711,325$698,077$685,238$672,789$660,714$626,578
3 years$469,506$456,201$443,394$431,063$419,184$386,071
4 years$348,620$335,356$322,677$310,556$298,966$267,129
5 years$276,108$262,923$250,411$238,537$227,269$196,798
6 years$227,782$214,697$202,369$190,760$179,830$150,756
7 years$193,277$180,302$168,170$156,834$146,250$118,576
8 years$167,410$154,552$142,621$131,564$121,329$95,042
9 years$147,302$134,565$122,840$112,064$102,176$77,256
10 years$131,225$118,613$107,094$96,600$87,059$63,476
11 years$118,079$105,594$94,284$84,071$74,874$52,594
12 years$107,133$94,775$83,675$73,741$64,884$43,870
13 years$97,878$85,649$74,758$65,103$56,580$36,791
14 years$89,951$77,853$67,170$57,791$49,598$30,990
15 years$83,088$71,120$60,646$51,539$43,670$26,199
16 years$77,089$65,251$54,984$46,148$38,596$22,214
17 years$71,800$60,094$50,034$41,463$34,221$18,883
18 years$67,105$55,529$45,674$37,367$30,428$16,085
19 years$62,909$51,464$41,813$33,764$27,121$13,726
20 years$59,137$47,823$38,373$30,580$24,225$11,730
21 years$55,729$44,545$35,296$27,753$21,679$10,037
22 years$52,635$41,581$32,531$25,234$19,432$8,598
23 years$49,814$38,890$30,036$22,981$17,443$7,371
24 years$47,232$36,438$27,779$20,960$15,678$6,325
25 years$44,860$34,195$25,729$19,142$14,108$5,431
26 years$42,674$32,138$23,862$17,502$12,708$4,666
27 years$40,654$30,245$22,158$16,020$11,457$4,010
28 years$38,781$28,500$20,599$14,678$10,338$3,448
29 years$37,040$26,886$19,169$13,460$9,335$2,966
30 years$35,419$25,391$17,855$12,353$8,435$2,552
31 years$33,905$24,003$16,646$11,345$7,626$2,197
32 years$32,489$22,712$15,531$10,427$6,898$1,891
33 years$31,161$21,509$14,501$9,588$6,243$1,628
34 years$29,914$20,385$13,549$8,822$5,652$1,402
35 years$28,741$19,335$12,667$8,121$5,119$1,208
36 years$27,635$18,352$11,850$7,479$4,639$1,040
37 years$26,592$17,430$11,091$6,891$4,204$896
38 years$25,606$16,565$10,387$6,352$3,811$772
39 years$24,673$15,751$9,731$5,857$3,456$665
40 years$23,789$14,986$9,121$5,402$3,135$573
41 years$22,950$14,266$8,553$4,984$2,844$494
42 years$22,153$13,586$8,023$4,600$2,581$426
43 years$21,395$12,945$7,528$4,246$2,342$367
44 years$20,674$12,339$7,066$3,920$2,126$316
45 years$19,986$11,766$6,635$3,621$1,930$273
46 years$19,331$11,225$6,232$3,344$1,752$235
47 years$18,705$10,712$5,855$3,090$1,591$203
48 years$18,107$10,226$5,502$2,855$1,445$175
49 years$17,536$9,765$5,171$2,639$1,312$150
50 years$16,988$9,328$4,862$2,439$1,192$130

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,400,000, adding $4,840 every year, while hoping to spend $25,498 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: 46/46/8 Blend
62$17,400,000$17,400,000$17,400,000$17,400,000
63$19,179,792$18,257,592$17,987,892$20,019,518
64$21,109,002$19,125,085$18,563,357$21,465,969
65$23,234,136$20,034,230$19,157,245$23,031,105
66$25,575,152$20,987,041$19,770,147$24,728,321
67$28,154,042$21,985,631$20,402,672$26,569,834
68$30,995,041$23,032,214$21,055,449$28,569,051
69$34,124,855$24,129,112$21,729,126$30,740,683
70$37,572,912$25,278,760$22,424,373$33,100,878
71$41,371,641$26,483,712$23,141,882$35,667,365
72$45,556,779$27,746,644$23,882,366$38,459,611
73$50,167,706$29,070,365$24,646,560$41,498,992
74$55,247,818$30,457,819$25,435,225$44,808,993
75$60,844,935$31,912,092$26,249,146$48,415,408
76$67,011,757$33,436,423$27,089,130$52,346,580
77$73,806,354$35,034,206$27,956,014$56,633,655
78$81,292,722$36,709,001$28,850,660$61,310,862
79$89,541,379$38,464,542$29,773,957$66,415,823
80$98,630,039$40,304,744$30,726,824$71,989,899
81$108,644,339$42,233,712$31,710,208$78,078,559
82$119,678,649$44,255,752$32,725,088$84,731,802
83$131,836,966$46,375,378$33,772,473$92,004,605
84$145,233,890$48,597,325$34,853,404$99,957,435
85$159,995,711$50,926,558$35,968,958$108,656,795
86$176,261,599$53,368,285$37,120,244$118,175,836
87$194,184,917$55,927,966$38,308,407$128,595,032
88$213,934,669$58,611,327$39,534,629$140,002,915
89$235,697,098$61,424,374$40,800,131$152,496,895
90$259,677,438$64,373,405$42,106,172$166,184,151
91$286,101,859$67,465,024$43,454,051$181,182,629
92$315,219,596$70,706,158$44,845,109$197,622,125
93$347,305,306$74,104,071$46,280,732$215,645,486
94$382,661,658$77,666,381$47,762,347$235,409,936
95$421,622,191$81,401,077$49,291,429$257,088,531
96$464,554,463$85,316,539$50,869,500$280,871,761
97$511,863,521$89,421,552$52,498,132$306,969,324
98$563,995,725$93,725,333$54,178,944$335,612,068
99$621,442,961$98,237,546$55,913,611$367,054,144
100$684,747,285$102,968,327$57,703,858$401,575,363