Can I retire at age 63 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,348,108
2 years$715,413$702,089$689,176$676,656$664,512$617,266
3 years$472,204$458,823$445,942$433,540$421,594$375,952
4 years$350,624$337,283$324,532$312,341$300,684$256,995
5 years$277,695$264,434$251,850$239,908$228,575$186,955
6 years$229,091$215,930$203,532$191,856$180,864$141,346
7 years$194,388$181,338$169,136$157,736$147,091$109,668
8 years$168,372$155,440$143,441$132,321$122,026$86,670
9 years$148,149$135,339$123,546$112,708$102,763$69,431
10 years$131,979$119,294$107,710$97,155$87,560$56,197
11 years$118,758$106,201$94,826$84,554$75,304$45,849
12 years$107,749$95,320$84,156$74,165$65,257$37,643
13 years$98,440$86,142$75,188$65,477$56,905$31,060
14 years$90,468$78,300$67,556$58,123$49,883$25,733
15 years$83,566$71,529$60,994$51,836$43,921$21,389
16 years$77,532$65,626$55,300$46,413$38,817$17,826
17 years$72,213$60,439$50,321$41,702$34,418$14,889
18 years$67,491$55,849$45,937$37,582$30,603$12,459
19 years$63,271$51,760$42,053$33,958$27,277$10,442
20 years$59,477$48,098$38,594$30,756$24,364$8,762
21 years$56,049$44,801$35,499$27,913$21,803$7,360
22 years$52,937$41,820$32,718$25,379$19,544$6,187
23 years$50,100$39,114$30,209$23,113$17,544$5,206
24 years$47,503$36,647$27,938$21,081$15,769$4,382
25 years$45,118$34,391$25,877$19,252$14,189$3,691
26 years$42,919$32,322$23,999$17,603$12,781$3,110
27 years$40,887$30,419$22,285$16,113$11,523$2,622
28 years$39,004$28,664$20,717$14,763$10,398$2,211
29 years$37,253$27,041$19,279$13,538$9,389$1,865
30 years$35,622$25,537$17,958$12,424$8,483$1,573
31 years$34,100$24,141$16,741$11,411$7,670$1,327
32 years$32,675$22,843$15,620$10,487$6,938$1,120
33 years$31,340$21,632$14,585$9,643$6,279$945
34 years$30,086$20,502$13,627$8,873$5,685$798
35 years$28,906$19,446$12,740$8,168$5,149$674
36 years$27,794$18,457$11,918$7,522$4,665$569
37 years$26,745$17,530$11,155$6,931$4,228$480
38 years$25,753$16,660$10,446$6,388$3,833$405
39 years$24,815$15,842$9,787$5,890$3,476$342
40 years$23,925$15,072$9,173$5,433$3,153$289
41 years$23,082$14,347$8,602$5,013$2,860$244
42 years$22,280$13,664$8,069$4,626$2,596$206
43 years$21,518$13,019$7,571$4,270$2,356$174
44 years$20,792$12,410$7,107$3,943$2,138$147
45 years$20,101$11,834$6,673$3,641$1,941$124
46 years$19,442$11,289$6,268$3,364$1,762$105
47 years$18,813$10,773$5,888$3,108$1,600$89
48 years$18,211$10,285$5,534$2,872$1,453$75
49 years$17,636$9,821$5,201$2,654$1,320$63
50 years$17,086$9,382$4,890$2,453$1,199$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,500,000, adding $5,223 every year, while hoping to spend $46,346 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: 39/35/26 Blend
62$17,500,000$17,500,000$17,500,000$17,500,000
63$19,290,388$18,362,888$18,091,638$19,893,607
64$21,208,695$19,213,357$18,648,396$21,183,504
65$23,321,117$20,103,947$19,222,252$22,572,664
66$25,647,404$21,036,573$19,813,730$24,073,910
67$28,209,319$22,013,245$20,423,370$25,697,480
68$31,030,844$23,036,069$21,051,728$27,454,603
69$34,138,407$24,107,253$21,699,377$29,357,602
70$37,561,128$25,229,111$22,366,909$31,420,000
71$41,331,094$26,404,069$23,054,932$33,656,644
72$45,483,668$27,634,670$23,764,074$36,083,833
73$50,057,813$28,923,580$24,494,982$38,719,465
74$55,096,467$30,273,593$25,248,322$41,583,200
75$60,646,947$31,687,639$26,024,780$44,696,633
76$66,761,390$33,168,788$26,825,065$48,083,490
77$73,497,253$34,720,259$27,649,905$51,769,843
78$80,917,849$36,345,428$28,500,053$55,784,343
79$89,092,948$38,047,833$29,376,283$60,158,484
80$98,099,433$39,831,182$30,279,394$64,926,885
81$108,022,029$41,699,363$31,210,207$70,127,607
82$118,954,098$43,656,454$32,169,571$75,802,501
83$130,998,523$45,706,727$33,158,359$81,997,588
84$144,268,680$47,854,664$34,177,471$88,763,480
85$158,889,504$50,104,961$35,227,835$96,155,847
86$174,998,673$52,462,544$36,310,407$104,235,926
87$192,747,904$54,932,575$37,426,172$113,071,081
88$212,304,386$57,520,468$38,576,146$122,735,429
89$233,852,360$60,231,897$39,761,373$133,310,515
90$257,594,855$63,072,814$40,982,933$144,886,074
91$283,755,605$66,049,457$42,241,936$157,560,850
92$312,581,162$69,168,366$43,539,527$171,443,518
93$344,343,225$72,436,401$44,876,885$186,653,680
94$379,341,201$75,860,750$46,255,227$203,322,985
95$417,905,031$79,448,955$47,675,805$221,596,339
96$460,398,309$83,208,918$49,139,909$241,633,257
97$507,221,710$87,148,930$50,648,871$263,609,342
98$558,816,777$91,277,679$52,204,059$287,717,918
99$615,670,081$95,604,278$53,806,888$314,171,831
100$678,317,823$100,138,282$55,458,813$343,205,427