Can I retire at age 63 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,486,779
2 years$793,086$778,316$764,001$750,121$736,659$676,731
3 years$523,472$508,638$494,359$480,610$467,367$409,603
4 years$388,691$373,903$359,767$346,252$333,330$278,169
5 years$307,844$293,144$279,194$265,955$253,392$200,975
6 years$253,964$239,374$225,630$212,686$200,500$150,862
7 years$215,493$201,026$187,500$174,861$163,061$116,185
8 years$186,653$172,317$159,015$146,687$135,274$91,115
9 years$164,233$150,033$136,959$124,945$113,921$72,412
10 years$146,308$132,246$119,404$107,703$97,066$58,129
11 years$131,652$117,731$105,121$93,734$83,480$47,027
12 years$119,447$105,669$93,293$82,218$72,342$38,276
13 years$109,128$95,494$83,351$72,586$63,084$31,303
14 years$100,290$86,801$74,891$64,434$55,299$25,699
15 years$92,638$79,295$67,617$57,463$48,689$21,164
16 years$85,949$72,751$61,304$51,452$43,032$17,473
17 years$80,053$67,001$55,784$46,229$38,155$14,456
18 years$74,818$61,912$50,924$41,662$33,926$11,979
19 years$70,140$57,380$46,619$37,645$30,239$9,941
20 years$65,934$53,320$42,784$34,095$27,010$8,259
21 years$62,135$49,665$39,353$30,943$24,171$6,868
22 years$58,685$46,361$36,270$28,135$21,666$5,715
23 years$55,539$43,360$33,489$25,623$19,448$4,759
24 years$52,661$40,626$30,972$23,369$17,481$3,965
25 years$50,016$38,125$28,686$21,342$15,730$3,305
26 years$47,579$35,832$26,605$19,514$14,169$2,756
27 years$45,326$33,722$24,705$17,862$12,774$2,299
28 years$43,238$31,776$22,966$16,365$11,527$1,918
29 years$41,298$29,977$21,372$15,007$10,408$1,601
30 years$39,490$28,310$19,907$13,773$9,404$1,336
31 years$37,802$26,762$18,559$12,649$8,503$1,115
32 years$36,223$25,323$17,316$11,625$7,691$931
33 years$34,743$23,981$16,168$10,690$6,961$778
34 years$33,352$22,728$15,106$9,836$6,302$649
35 years$32,044$21,558$14,123$9,055$5,708$542
36 years$30,812$20,461$13,212$8,339$5,172$453
37 years$29,648$19,434$12,366$7,683$4,687$378
38 years$28,549$18,469$11,581$7,082$4,249$316
39 years$27,509$17,562$10,850$6,530$3,854$264
40 years$26,523$16,709$10,169$6,023$3,495$220
41 years$25,587$15,905$9,536$5,557$3,171$184
42 years$24,699$15,148$8,945$5,128$2,877$154
43 years$23,854$14,433$8,393$4,734$2,611$128
44 years$23,050$13,757$7,879$4,371$2,370$107
45 years$22,284$13,119$7,398$4,037$2,152$90
46 years$21,553$12,515$6,948$3,729$1,954$75
47 years$20,855$11,943$6,528$3,445$1,774$63
48 years$20,189$11,401$6,134$3,183$1,611$52
49 years$19,551$10,887$5,766$2,942$1,463$44
50 years$18,941$10,400$5,421$2,719$1,329$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $19,400,000, adding $3,876 every year, while hoping to spend $23,377 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: 30/45/25 Blend
62$19,400,000$19,400,000$19,400,000$19,400,000
63$21,382,798$20,354,598$20,053,898$21,858,723
64$23,538,971$21,327,100$20,700,831$23,199,536
65$25,914,289$22,346,472$21,368,652$24,638,607
66$28,531,082$23,414,984$22,058,037$26,186,280
67$31,413,954$24,535,020$22,769,683$27,851,992
68$34,590,019$25,709,078$23,504,310$29,646,075
69$38,089,156$26,939,778$24,262,659$31,579,834
70$41,944,290$28,229,867$25,045,498$33,665,650
71$46,191,704$29,582,227$25,853,618$35,917,082
72$50,871,380$30,999,879$26,687,837$38,348,986
73$56,027,380$32,485,991$27,548,998$40,977,643
74$61,708,255$34,043,888$28,437,973$43,820,897
75$67,967,512$35,677,053$29,355,659$46,898,315
76$74,864,110$37,389,141$30,302,986$50,231,355
77$82,463,025$39,183,984$31,280,912$53,843,553
78$90,835,857$41,065,602$32,290,425$57,760,734
79$100,061,508$43,038,210$33,332,548$62,011,236
80$110,226,927$45,106,229$34,408,334$66,626,164
81$121,427,933$47,274,293$35,518,873$71,639,665
82$133,770,114$49,547,265$36,665,287$77,089,232
83$147,369,828$51,930,243$37,848,736$83,016,040
84$162,355,300$54,428,575$39,070,419$89,465,313
85$178,867,834$57,047,868$40,331,571$96,486,733
86$197,063,143$59,794,004$41,633,469$104,134,885
87$217,112,824$62,673,151$42,977,430$112,469,752
88$239,205,974$65,691,776$44,364,815$121,557,252
89$263,550,975$68,856,666$45,797,029$131,469,844
90$290,377,465$72,174,933$47,275,520$142,287,179
91$319,938,502$75,654,041$48,801,786$154,096,827
92$352,512,956$79,301,814$50,377,371$166,995,075
93$388,408,136$83,126,462$52,003,872$181,087,808
94$427,962,698$87,136,591$53,682,935$196,491,473
95$471,549,839$91,341,230$55,416,259$213,334,150
96$519,580,820$95,749,847$57,205,600$231,756,727
97$572,508,847$100,372,373$59,052,771$251,914,187
98$630,833,352$105,219,222$60,959,642$273,977,044
99$695,104,708$110,301,318$62,928,144$298,132,907
100$765,929,422$115,630,116$64,960,270$324,588,209