Can I retire at age 63 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,561,351
2 years$817,615$802,387$787,630$773,321$759,442$725,872
3 years$539,662$524,369$509,648$495,474$481,821$449,206
4 years$400,713$385,467$370,894$356,961$343,639$312,230
5 years$317,365$302,211$287,829$274,180$261,229$231,115
6 years$261,818$246,778$232,608$219,264$206,701$177,914
7 years$222,157$207,243$193,299$180,269$168,104$140,649
8 years$192,425$177,646$163,933$151,223$139,458$113,328
9 years$169,313$154,673$141,195$128,809$117,444$92,620
10 years$150,833$136,336$123,097$111,034$100,068$76,525
11 years$135,724$121,372$108,373$96,633$86,062$63,770
12 years$123,141$108,937$96,178$84,760$74,579$53,506
13 years$112,503$98,447$85,929$74,831$65,035$45,142
14 years$103,392$89,486$77,207$66,426$57,009$38,259
15 years$95,503$81,747$69,708$59,241$50,195$32,547
16 years$88,608$75,001$63,201$53,044$44,363$27,774
17 years$82,529$69,073$57,510$47,659$39,335$23,763
18 years$77,132$63,827$52,499$42,951$34,975$20,376
19 years$72,309$59,154$48,060$38,809$31,174$17,505
20 years$67,974$54,969$44,107$35,149$27,845$15,061
21 years$64,056$51,201$40,570$31,900$24,918$12,977
22 years$60,500$47,795$37,392$29,005$22,336$11,193
23 years$57,257$44,701$34,525$26,415$20,050$9,665
24 years$54,289$41,882$31,930$24,092$18,021$8,352
25 years$51,563$39,304$29,573$22,002$16,216$7,223
26 years$49,051$36,940$27,428$20,118$14,607$6,250
27 years$46,728$34,765$25,469$18,414$13,170$5,411
28 years$44,576$32,759$23,677$16,871$11,883$4,687
29 years$42,575$30,904$22,033$15,471$10,730$4,062
30 years$40,711$29,186$20,523$14,199$9,695$3,521
31 years$38,971$27,590$19,133$13,041$8,766$3,053
32 years$37,343$26,106$17,851$11,985$7,929$2,648
33 years$35,817$24,723$16,668$11,021$7,176$2,297
34 years$34,384$23,431$15,574$10,140$6,497$1,993
35 years$33,035$22,224$14,560$9,335$5,884$1,730
36 years$31,765$21,094$13,621$8,597$5,332$1,501
37 years$30,565$20,035$12,749$7,921$4,832$1,303
38 years$29,432$19,040$11,939$7,301$4,381$1,132
39 years$28,360$18,105$11,185$6,732$3,973$983
40 years$27,343$17,226$10,484$6,209$3,603$853
41 years$26,379$16,397$9,831$5,729$3,269$741
42 years$25,463$15,616$9,221$5,287$2,966$643
43 years$24,592$14,879$8,653$4,880$2,692$559
44 years$23,763$14,183$8,122$4,506$2,444$485
45 years$22,973$13,525$7,627$4,162$2,218$422
46 years$22,219$12,902$7,163$3,844$2,014$366
47 years$21,500$12,312$6,730$3,552$1,829$318
48 years$20,813$11,754$6,324$3,282$1,661$276
49 years$20,156$11,224$5,944$3,033$1,509$240
50 years$19,527$10,722$5,588$2,803$1,370$208

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $20,000,000, adding $3,854 every year, while hoping to spend $41,356 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: 40/46/14 Blend
62$20,000,000$20,000,000$20,000,000$20,000,000
63$22,043,975$20,983,975$20,673,975$22,833,639
64$24,248,458$21,968,188$21,322,551$24,377,403
65$26,676,413$22,999,240$21,991,468$26,042,049
66$29,350,588$24,079,385$22,681,364$27,841,957
67$32,296,055$25,210,982$23,392,897$29,789,412
68$35,540,439$26,396,506$24,126,744$31,897,883
69$39,114,180$27,638,551$24,883,607$34,182,142
70$43,050,824$28,939,838$25,664,206$36,658,392
71$47,387,337$30,303,218$26,469,285$39,344,413
72$52,164,452$31,731,682$27,299,612$42,259,714
73$57,427,056$33,228,365$28,155,979$45,425,707
74$63,224,613$34,796,552$29,039,202$48,865,902
75$69,611,631$36,439,690$29,950,123$52,606,109
76$76,648,175$38,161,393$30,889,610$56,674,675
77$84,400,435$39,965,448$31,858,558$61,102,734
78$92,941,352$41,855,827$32,857,892$65,924,489
79$102,351,303$43,836,696$33,888,564$71,177,516
80$112,718,861$45,912,419$34,951,557$76,903,110
81$124,141,634$48,087,577$36,047,883$83,146,651
82$136,727,181$50,366,969$37,178,588$89,958,020
83$150,594,032$52,755,628$38,344,749$97,392,048
84$165,872,803$55,258,834$39,547,477$105,509,020
85$182,707,431$57,882,119$40,787,920$114,375,219
86$201,256,533$60,631,286$42,067,259$124,063,535
87$221,694,900$63,512,421$43,386,714$134,654,128
88$244,215,153$66,531,902$44,747,541$146,235,167
89$269,029,554$69,696,420$46,151,039$158,903,632
90$296,372,014$73,012,990$47,598,544$172,766,210
91$326,500,300$76,488,968$49,091,436$187,940,274
92$359,698,469$80,132,066$50,631,138$204,554,965
93$396,279,548$83,950,373$52,219,117$222,752,380
94$436,588,491$87,952,369$53,856,885$242,688,886
95$481,005,431$92,146,949$55,546,005$264,536,563
96$529,949,273$96,543,438$57,288,085$288,484,799
97$583,881,648$101,151,616$59,084,785$314,742,039
98$643,311,268$105,981,737$60,937,817$343,537,720
99$708,798,731$111,044,555$62,848,947$375,124,398
100$780,961,811$116,351,348$64,819,996$409,780,093