Can I retire at age 63 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,454,797
2 years$772,646$758,256$744,310$730,788$717,673$665,506
3 years$509,981$495,529$481,618$468,223$455,321$404,943
4 years$378,674$364,266$350,494$337,328$324,739$276,534
5 years$299,910$285,589$271,998$259,101$246,861$200,957
6 years$247,418$233,205$219,815$207,205$195,333$151,765
7 years$209,939$195,845$182,667$170,354$158,858$117,618
8 years$181,842$167,875$154,916$142,906$131,788$92,843
9 years$160,000$146,166$133,429$121,724$110,985$74,285
10 years$142,537$128,838$116,327$104,928$94,564$60,050
11 years$128,259$114,697$102,412$91,318$81,329$48,929
12 years$116,368$102,946$90,888$80,099$70,478$40,118
13 years$106,315$93,033$81,203$70,715$61,458$33,058
14 years$97,706$84,564$72,961$62,773$53,874$27,349
15 years$90,251$77,251$65,874$55,982$47,435$22,700
16 years$83,734$70,876$59,724$50,126$41,923$18,892
17 years$77,990$65,274$54,347$45,038$37,172$15,756
18 years$72,890$60,317$49,612$40,588$33,051$13,165
19 years$68,332$55,901$45,417$36,675$29,459$11,016
20 years$64,235$51,946$41,681$33,216$26,314$9,230
21 years$60,533$48,385$38,339$30,146$23,548$7,741
22 years$57,172$45,166$35,335$27,409$21,107$6,498
23 years$54,108$42,243$32,626$24,962$18,947$5,458
24 years$51,303$39,579$30,173$22,767$17,030$4,588
25 years$48,727$37,143$27,947$20,792$15,324$3,858
26 years$46,353$34,908$25,919$19,011$13,804$3,246
27 years$44,158$32,853$24,068$17,402$12,445$2,731
28 years$42,124$30,957$22,374$15,944$11,230$2,299
29 years$40,233$29,204$20,821$14,621$10,140$1,936
30 years$38,472$27,580$19,394$13,418$9,162$1,631
31 years$36,828$26,073$18,081$12,323$8,283$1,374
32 years$35,289$24,670$16,870$11,326$7,493$1,157
33 years$33,847$23,363$15,751$10,415$6,781$975
34 years$32,493$22,143$14,717$9,582$6,140$822
35 years$31,218$21,002$13,759$8,821$5,561$693
36 years$30,018$19,934$12,872$8,124$5,038$584
37 years$28,884$18,933$12,048$7,485$4,566$492
38 years$27,813$17,993$11,282$6,899$4,140$415
39 years$26,800$17,109$10,570$6,362$3,754$350
40 years$25,839$16,278$9,907$5,868$3,405$295
41 years$24,928$15,495$9,290$5,414$3,089$248
42 years$24,062$14,757$8,714$4,996$2,803$209
43 years$23,239$14,061$8,177$4,612$2,544$177
44 years$22,456$13,403$7,676$4,258$2,309$149
45 years$21,709$12,781$7,207$3,933$2,096$126
46 years$20,997$12,192$6,769$3,633$1,903$106
47 years$20,318$11,635$6,360$3,356$1,728$89
48 years$19,668$11,107$5,976$3,101$1,570$75
49 years$19,047$10,607$5,617$2,866$1,426$63
50 years$18,453$10,132$5,281$2,649$1,295$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $18,900,000, adding $4,666 every year, while hoping to spend $25,294 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: 48/30/22 Blend
62$18,900,000$18,900,000$18,900,000$18,900,000
63$20,832,613$19,830,913$19,537,963$21,702,412
64$22,930,627$20,775,715$20,165,572$23,254,460
65$25,241,790$21,765,965$20,813,358$24,935,952
66$27,787,818$22,803,862$21,481,971$26,761,409
67$30,592,639$23,891,715$22,172,080$28,744,369
68$33,682,621$25,031,941$22,884,378$30,899,696
69$37,086,821$26,227,080$23,619,577$33,243,723
70$40,837,260$27,479,790$24,378,416$35,794,390
71$44,969,223$28,792,861$25,161,655$38,571,414
72$49,521,592$30,169,220$25,970,080$41,596,462
73$54,537,217$31,611,934$26,804,499$44,893,348
74$60,063,314$33,124,220$27,665,752$48,488,251
75$66,151,918$34,709,453$28,554,700$52,409,954
76$72,860,366$36,371,169$29,472,235$56,690,102
77$80,251,847$38,113,079$30,419,278$61,363,495
78$88,395,990$39,939,075$31,396,779$66,468,406
79$97,369,526$41,853,235$32,405,716$72,046,929
80$107,257,014$43,859,839$33,447,104$78,145,369
81$118,151,633$45,963,375$34,521,985$84,814,664
82$130,156,066$48,168,547$35,631,438$92,110,855
83$143,383,470$50,480,292$36,776,577$100,095,605
84$157,958,542$52,903,783$37,958,550$108,836,761
85$174,018,694$55,444,450$39,178,542$118,408,988
86$191,715,356$58,107,983$40,437,778$128,894,456
87$211,215,400$60,900,351$41,737,522$140,383,600
88$232,702,718$63,827,816$43,079,076$152,975,957
89$256,379,958$66,896,942$44,463,788$166,781,093
90$282,470,437$70,114,615$45,893,048$181,919,615
91$311,220,245$73,488,055$47,368,289$198,524,296
92$342,900,575$77,024,835$48,890,991$216,741,304
93$377,810,278$80,732,896$50,462,684$236,731,567
94$416,278,688$84,620,569$52,084,945$258,672,269
95$458,668,725$88,696,589$53,759,402$282,758,500
96$505,380,329$92,970,116$55,487,736$309,205,078
97$556,854,230$97,450,758$57,271,683$338,248,549
98$613,576,110$102,148,593$59,113,032$370,149,399
99$676,081,187$107,074,189$61,013,633$405,194,482
100$744,959,273$112,238,629$62,975,394$443,699,707