Can I retire at age 63 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,370,672
2 years$727,677$714,125$700,990$688,256$675,903$627,310
3 years$480,299$466,688$453,587$440,972$428,821$381,885
4 years$356,634$343,065$330,095$317,696$305,839$260,920
5 years$282,455$268,967$256,167$244,021$232,494$189,710
6 years$233,018$219,632$207,021$195,145$183,964$143,350
7 years$197,720$184,447$172,036$160,440$149,612$111,160
8 years$171,259$158,105$145,900$134,589$124,118$87,797
9 years$150,688$137,659$125,664$114,640$104,525$70,291
10 years$134,242$121,339$109,556$98,821$89,061$56,857
11 years$120,794$108,021$96,452$86,004$76,595$46,358
12 years$109,596$96,954$85,598$75,437$66,376$38,035
13 years$100,128$87,618$76,477$66,599$57,881$31,362
14 years$92,019$79,643$68,715$59,119$50,738$25,965
15 years$84,998$72,755$62,040$52,724$44,674$21,567
16 years$78,861$66,751$56,248$47,209$39,483$17,961
17 years$73,451$61,475$51,184$42,417$35,008$14,991
18 years$68,648$56,806$46,724$38,226$31,128$12,535
19 years$64,355$52,647$42,774$34,540$27,745$10,497
20 years$60,497$48,922$39,256$31,283$24,782$8,802
21 years$57,010$45,569$36,108$28,391$22,177$7,387
22 years$53,845$42,537$33,279$25,814$19,879$6,206
23 years$50,959$39,784$30,727$23,510$17,844$5,217
24 years$48,317$37,275$28,417$21,442$16,039$4,389
25 years$45,891$34,981$26,320$19,582$14,433$3,693
26 years$43,655$32,876$24,411$17,905$13,000$3,110
27 years$41,588$30,941$22,667$16,389$11,721$2,619
28 years$39,672$29,155$21,072$15,016$10,576$2,207
29 years$37,892$27,505$19,610$13,770$9,550$1,860
30 years$36,233$25,975$18,266$12,637$8,629$1,568
31 years$34,684$24,555$17,028$11,606$7,801$1,322
32 years$33,235$23,234$15,888$10,666$7,057$1,114
33 years$31,877$22,003$14,835$9,809$6,386$940
34 years$30,602$20,854$13,861$9,025$5,782$793
35 years$29,401$19,780$12,959$8,308$5,237$669
36 years$28,271$18,774$12,122$7,651$4,745$564
37 years$27,203$17,831$11,346$7,050$4,301$476
38 years$26,195$16,946$10,625$6,498$3,899$401
39 years$25,240$16,114$9,955$5,991$3,536$339
40 years$24,335$15,331$9,331$5,526$3,207$286
41 years$23,477$14,593$8,749$5,099$2,909$241
42 years$22,662$13,898$8,207$4,705$2,640$203
43 years$21,887$13,242$7,701$4,344$2,396$172
44 years$21,149$12,623$7,229$4,011$2,175$145
45 years$20,446$12,037$6,788$3,704$1,974$122
46 years$19,775$11,483$6,375$3,421$1,793$103
47 years$19,135$10,958$5,989$3,161$1,628$87
48 years$18,524$10,461$5,628$2,921$1,478$73
49 years$17,939$9,990$5,290$2,699$1,343$62
50 years$17,379$9,542$4,974$2,495$1,220$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $17,800,000, adding $6,197 every year, while hoping to spend $37,715 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: 60/17/23 Blend
62$17,800,000$17,800,000$17,800,000$17,800,000
63$19,621,992$18,678,592$18,402,692$20,678,933
64$21,583,307$19,553,715$18,979,054$22,272,412
65$23,743,412$20,470,454$19,573,460$24,005,546
66$26,122,543$21,430,810$20,186,474$25,895,706
67$28,743,001$22,436,879$20,818,680$27,958,147
68$31,629,359$23,490,857$21,470,677$30,209,653
69$34,808,694$24,595,049$22,143,085$32,668,685
70$38,310,845$25,751,871$22,836,543$35,355,556
71$42,168,693$26,963,854$23,551,709$38,292,614
72$46,418,471$28,233,655$24,289,262$41,504,452
73$51,100,106$29,564,055$25,049,903$45,018,133
74$56,257,597$30,957,974$25,834,355$48,863,440
75$61,939,428$32,418,471$26,643,363$53,073,156
76$68,199,029$33,948,754$27,477,694$57,683,361
77$75,095,274$35,552,188$28,338,141$62,733,773
78$82,693,045$37,232,298$29,225,522$68,268,114
79$91,063,837$38,992,782$30,140,678$74,334,517
80$100,286,437$40,837,517$31,084,480$80,985,973
81$110,447,666$42,770,568$32,057,822$88,280,828
82$121,643,199$44,796,196$33,061,630$96,283,320
83$133,978,467$46,918,872$34,096,856$105,064,185
84$147,569,653$49,143,279$35,164,484$114,701,312
85$162,544,791$51,474,333$36,265,527$125,280,475
86$179,044,967$53,917,183$37,401,030$136,896,127
87$197,225,661$56,477,233$38,572,072$149,652,292
88$217,258,207$59,160,145$39,779,764$163,663,528
89$239,331,411$61,971,859$41,025,253$179,056,008
90$263,653,337$64,918,602$42,309,721$195,968,695
91$290,453,268$68,006,904$43,634,388$214,554,645
92$319,983,872$71,243,613$45,000,511$234,982,442
93$352,523,585$74,635,909$46,409,386$257,437,778
94$388,379,242$78,191,319$47,862,352$282,125,192
95$427,888,971$81,917,740$49,360,787$309,269,990
96$471,425,386$85,823,449$50,906,113$339,120,360
97$519,399,105$89,917,128$52,499,797$371,949,699
98$572,262,626$94,207,880$54,143,353$408,059,182
99$630,514,598$98,705,250$55,838,339$447,780,588
100$694,704,528$103,419,248$57,586,364$491,479,421