Can I retire at age 63 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,396,681
2 years$735,853$722,148$708,867$695,989$683,498$644,821
3 years$485,696$471,932$458,684$445,927$433,639$396,159
4 years$360,642$346,920$333,804$321,265$309,275$273,280
5 years$285,629$271,990$259,046$246,762$235,106$200,696
6 years$235,636$222,100$209,347$197,338$186,031$153,239
7 years$199,942$186,519$173,969$162,242$151,293$120,120
8 years$173,183$159,881$147,539$136,101$125,512$95,942
9 years$152,381$139,205$127,076$115,928$105,700$77,705
10 years$135,750$122,703$110,787$99,931$90,061$63,607
11 years$122,151$109,235$97,535$86,970$77,456$52,501
12 years$110,827$98,044$86,560$76,284$67,122$43,621
13 years$101,253$88,603$77,336$67,348$58,531$36,435
14 years$93,053$80,537$69,487$59,784$51,308$30,564
15 years$85,953$73,572$62,737$53,317$45,176$25,730
16 years$79,747$67,501$56,880$47,739$39,926$21,723
17 years$74,276$62,166$51,759$42,893$35,402$18,385
18 years$69,419$57,444$47,249$38,655$31,477$15,592
19 years$65,078$53,239$43,254$34,929$28,057$13,245
20 years$61,176$49,472$39,697$31,634$25,061$11,268
21 years$57,651$46,081$36,513$28,710$22,426$9,597
22 years$54,450$43,015$33,653$26,104$20,102$8,183
23 years$51,531$40,231$31,072$23,774$18,045$6,983
24 years$48,860$37,694$28,737$21,683$16,219$5,963
25 years$46,407$35,374$26,616$19,802$14,595$5,095
26 years$44,146$33,246$24,685$18,106$13,146$4,356
27 years$42,055$31,288$22,922$16,573$11,853$3,726
28 years$40,118$29,483$21,309$15,184$10,695$3,188
29 years$38,318$27,814$19,830$13,924$9,657$2,729
30 years$36,640$26,267$18,471$12,779$8,726$2,337
31 years$35,074$24,831$17,220$11,737$7,889$2,001
32 years$33,609$23,495$16,066$10,786$7,136$1,714
33 years$32,235$22,250$15,001$9,919$6,458$1,469
34 years$30,945$21,088$14,016$9,126$5,847$1,258
35 years$29,732$20,002$13,104$8,401$5,296$1,078
36 years$28,588$18,985$12,259$7,737$4,798$924
37 years$27,509$18,031$11,474$7,129$4,349$792
38 years$26,489$17,136$10,745$6,571$3,943$679
39 years$25,524$16,295$10,067$6,059$3,575$582
40 years$24,609$15,503$9,436$5,588$3,243$499
41 years$23,741$14,757$8,848$5,156$2,942$428
42 years$22,917$14,054$8,299$4,758$2,670$367
43 years$22,133$13,391$7,788$4,392$2,423$315
44 years$21,387$12,764$7,310$4,056$2,199$270
45 years$20,676$12,172$6,864$3,745$1,997$231
46 years$19,997$11,612$6,447$3,460$1,813$198
47 years$19,350$11,081$6,057$3,196$1,646$170
48 years$18,732$10,578$5,692$2,954$1,495$146
49 years$18,140$10,102$5,350$2,730$1,358$125
50 years$17,574$9,650$5,030$2,523$1,233$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $18,000,000, adding $4,376 every year, while hoping to spend $22,104 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: 53/24/23 Blend
62$18,000,000$18,000,000$18,000,000$18,000,000
63$19,840,514$18,886,514$18,607,514$20,765,686
64$21,840,728$19,788,435$19,207,347$22,305,643
65$24,044,223$20,733,809$19,826,534$23,977,862
66$26,471,710$21,724,742$20,465,699$25,797,127
67$29,146,013$22,763,442$21,125,488$27,777,476
68$32,092,281$23,852,226$21,806,568$29,934,342
69$35,338,230$24,993,522$22,509,624$32,284,685
70$38,914,401$26,189,876$23,235,368$34,847,154
71$42,854,449$27,443,959$23,984,532$37,642,252
72$47,195,462$28,758,571$24,757,872$40,692,525
73$51,978,308$30,136,650$25,556,170$44,022,769
74$57,248,025$31,581,276$26,380,232$47,660,255
75$63,054,243$33,095,678$27,230,889$51,634,980
76$69,451,654$34,683,244$28,109,001$55,979,945
77$76,500,525$36,347,526$29,015,456$60,731,456
78$84,267,273$38,092,248$29,951,167$65,929,459
79$92,825,085$39,921,319$30,917,082$71,617,909
80$102,254,614$41,838,834$31,914,175$77,845,174
81$112,644,738$43,849,091$32,943,453$84,664,486
82$124,093,400$45,956,595$34,005,958$92,134,432
83$136,708,531$48,166,072$35,102,761$100,319,494
84$150,609,070$50,482,478$36,234,972$109,290,652
85$165,926,086$52,911,011$37,403,735$119,126,037
86$182,804,017$55,457,120$38,610,230$129,911,665
87$201,402,031$58,126,524$39,855,677$141,742,227
88$221,895,531$60,925,216$41,141,335$154,721,977
89$244,477,808$63,859,485$42,468,503$168,965,703
90$269,361,869$66,935,924$43,838,522$184,599,790
91$296,782,445$70,161,449$45,252,778$201,763,407
92$326,998,208$73,543,314$46,712,699$220,609,801
93$360,294,213$77,089,124$48,219,763$241,307,725
94$396,984,590$80,806,858$49,775,492$264,043,022
95$437,415,506$84,704,883$51,381,459$289,020,354
96$481,968,439$88,791,973$53,039,289$316,465,123
97$531,063,772$93,077,332$54,750,658$346,625,573
98$585,164,768$97,570,612$56,517,296$379,775,119
99$644,781,938$102,281,937$58,340,989$416,214,904
100$710,477,867$107,221,922$60,223,583$456,276,622