Can I retire at age 63 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,460,460
2 years$764,470$750,232$736,434$723,055$710,078$679,284
3 years$504,584$490,285$476,521$463,268$450,503$420,579
4 years$374,667$360,411$346,785$333,759$321,302$292,479
5 years$296,736$282,567$269,120$256,359$244,249$216,609
6 years$244,800$230,737$217,489$205,012$193,266$166,838
7 years$207,717$193,773$180,734$168,552$157,177$131,968
8 years$179,918$166,099$153,277$141,394$130,393$106,395
9 years$158,307$144,619$132,017$120,436$109,810$87,005
10 years$141,029$127,475$115,096$103,817$93,564$71,931
11 years$126,902$113,483$101,328$90,352$80,468$59,980
12 years$115,137$101,856$89,926$79,251$69,732$50,358
13 years$105,190$92,048$80,343$69,967$60,807$42,515
14 years$96,672$83,669$72,189$62,109$53,303$36,057
15 years$89,296$76,434$65,177$55,390$46,933$30,695
16 years$82,848$70,126$59,092$49,596$41,479$26,212
17 years$77,165$64,584$53,772$44,561$36,778$22,443
18 years$72,119$59,678$49,087$40,159$32,702$19,258
19 years$67,609$55,309$44,936$36,287$29,148$16,556
20 years$63,555$51,396$41,240$32,865$26,035$14,256
21 years$59,893$47,873$37,933$29,827$23,299$12,292
22 years$56,567$44,688$34,961$27,119$20,884$10,611
23 years$53,535$41,796$32,281$24,698$18,747$9,169
24 years$50,760$39,160$29,854$22,526$16,850$7,930
25 years$48,211$36,750$27,651$20,572$15,162$6,863
26 years$45,862$34,539$25,645$18,810$13,658$5,944
27 years$43,691$32,505$23,813$17,217$12,314$5,150
28 years$41,678$30,629$22,138$15,775$11,111$4,465
29 years$39,808$28,895$20,601$14,466$10,033$3,872
30 years$38,065$27,288$19,189$13,276$9,065$3,359
31 years$36,438$25,797$17,889$12,193$8,196$2,915
32 years$34,916$24,409$16,691$11,206$7,414$2,531
33 years$33,489$23,116$15,585$10,305$6,709$2,197
34 years$32,149$21,908$14,561$9,481$6,075$1,908
35 years$30,888$20,780$13,614$8,728$5,502$1,657
36 years$29,700$19,723$12,735$8,038$4,985$1,440
37 years$28,579$18,732$11,920$7,406$4,518$1,251
38 years$27,519$17,802$11,163$6,826$4,096$1,087
39 years$26,516$16,928$10,458$6,294$3,714$945
40 years$25,566$16,106$9,802$5,806$3,369$821
41 years$24,664$15,331$9,192$5,356$3,057$713
42 years$23,808$14,601$8,622$4,943$2,774$620
43 years$22,993$13,912$8,091$4,563$2,517$539
44 years$22,218$13,261$7,594$4,213$2,285$469
45 years$21,480$12,645$7,131$3,891$2,074$407
46 years$20,775$12,063$6,698$3,594$1,883$354
47 years$20,103$11,512$6,292$3,321$1,710$308
48 years$19,460$10,990$5,913$3,068$1,553$268
49 years$18,846$10,495$5,558$2,836$1,410$233
50 years$18,258$10,025$5,225$2,621$1,281$202

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $18,700,000, adding $6,410 every year, while hoping to spend $44,343 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: 50/45/5 Blend
62$18,700,000$18,700,000$18,700,000$18,700,000
63$20,614,012$19,622,912$19,333,062$21,619,858
64$22,669,461$20,537,254$19,933,539$23,219,075
65$24,933,079$21,494,913$20,552,646$24,950,494
66$27,426,053$22,497,964$21,190,959$26,830,713
67$30,171,729$23,548,583$21,849,076$28,873,652
68$33,195,833$24,649,051$22,527,607$31,094,594
69$36,526,714$25,801,760$23,227,188$33,510,322
70$40,195,608$27,009,216$23,948,468$36,139,264
71$44,236,940$28,274,047$24,692,121$39,001,664
72$48,688,641$29,599,009$25,458,841$42,119,757
73$53,592,511$30,986,988$26,249,340$45,517,977
74$58,994,611$32,441,015$27,064,357$49,223,170
75$64,945,698$33,964,262$27,904,650$53,264,841
76$71,501,706$35,560,057$28,771,003$57,675,422
77$78,724,271$37,231,890$29,664,222$62,490,562
78$86,681,312$38,983,419$30,585,139$67,749,456
79$95,447,678$40,818,479$31,534,613$73,495,199
80$105,105,847$42,741,090$32,513,528$79,775,180
81$115,746,708$44,755,467$33,522,796$86,641,518
82$127,470,418$46,866,032$34,563,356$94,151,533
83$140,387,350$49,077,416$35,636,177$102,368,279
84$154,619,130$51,394,480$36,742,259$111,361,116
85$170,299,787$53,822,316$37,882,632$121,206,354
86$187,577,022$56,366,265$39,058,356$131,987,950
87$206,613,594$59,031,928$40,270,526$143,798,286
88$227,588,863$61,825,175$41,520,271$156,739,019
89$250,700,481$64,752,162$42,808,755$170,922,021
90$276,166,257$67,819,345$44,137,175$186,470,415
91$304,226,214$71,033,492$45,506,769$203,519,711
92$335,144,852$74,401,698$46,918,810$222,219,066
93$369,213,650$77,931,404$48,374,614$242,732,665
94$406,753,813$81,630,413$49,875,533$265,241,245
95$448,119,303$85,506,905$51,422,965$289,943,773
96$493,700,187$89,569,457$53,018,349$317,059,300
97$543,926,311$93,827,066$54,663,169$346,828,994
98$599,271,363$98,289,161$56,358,954$379,518,389
99$660,257,346$102,965,633$58,107,282$415,419,857
100$727,459,498$107,866,852$59,909,779$454,855,336