Can I retire at age 63 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$990,949$982,122$973,510$965,105$956,897$931,497
2 years$490,569$481,432$472,578$463,993$455,665$430,253
3 years$323,797$314,621$305,789$297,285$289,093$264,463
4 years$240,428$231,280$222,536$214,177$206,183$182,525
5 years$190,419$181,326$172,697$164,508$156,737$134,116
6 years$157,091$148,067$139,565$131,559$124,021$102,459
7 years$133,294$124,346$115,979$108,162$100,862$80,360
8 years$115,455$106,588$98,360$90,734$83,675$64,223
9 years$101,588$92,804$84,717$77,285$70,466$52,047
10 years$90,500$81,802$73,858$66,621$60,041$42,631
11 years$81,434$72,823$65,024$57,980$51,637$35,210
12 years$73,885$65,362$57,707$50,856$44,748$29,273
13 years$67,502$59,068$51,557$44,898$39,021$24,467
14 years$62,035$53,692$46,324$39,856$34,205$20,539
15 years$57,302$49,048$41,825$35,544$30,117$17,302
16 years$53,165$45,001$37,920$31,826$26,618$14,619
17 years$49,518$41,444$34,506$28,595$23,601$12,381
18 years$46,279$38,296$31,499$25,770$20,985$10,508
19 years$43,385$35,493$28,836$23,286$18,704$8,933
20 years$40,784$32,981$26,464$21,090$16,707$7,605
21 years$38,434$30,721$24,342$19,140$14,951$6,483
22 years$36,300$28,677$22,435$17,403$13,401$5,532
23 years$34,354$26,821$20,715$15,849$12,030$4,724
24 years$32,574$25,129$19,158$14,455$10,813$4,037
25 years$30,938$23,583$17,744$13,201$9,730$3,453
26 years$29,430$22,164$16,457$12,071$8,764$2,954
27 years$28,037$20,859$15,281$11,049$7,902$2,529
28 years$26,745$19,655$14,206$10,123$7,130$2,166
29 years$25,545$18,542$13,220$9,283$6,438$1,855
30 years$24,427$17,511$12,314$8,519$5,817$1,590
31 years$23,383$16,554$11,480$7,824$5,259$1,363
32 years$22,406$15,663$10,711$7,191$4,757$1,168
33 years$21,490$14,834$10,001$6,613$4,305$1,002
34 years$20,630$14,059$9,344$6,084$3,898$859
35 years$19,821$13,335$8,736$5,601$3,531$737
36 years$19,059$12,656$8,172$5,158$3,199$632
37 years$18,339$12,021$7,649$4,753$2,899$542
38 years$17,659$11,424$7,163$4,381$2,629$465
39 years$17,016$10,863$6,711$4,039$2,384$399
40 years$16,406$10,335$6,290$3,725$2,162$342
41 years$15,827$9,838$5,898$3,437$1,961$294
42 years$15,278$9,370$5,533$3,172$1,780$252
43 years$14,755$8,927$5,192$2,928$1,615$216
44 years$14,258$8,510$4,873$2,704$1,466$186
45 years$13,784$8,115$4,576$2,497$1,331$159
46 years$13,332$7,741$4,298$2,307$1,209$137
47 years$12,900$7,387$4,038$2,131$1,097$117
48 years$12,488$7,052$3,794$1,969$997$101
49 years$12,094$6,735$3,567$1,820$905$86
50 years$11,716$6,433$3,353$1,682$822$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,000,000, adding $2,867 every year, while hoping to spend $59,451 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: 42/28/30 Blend
62$12,000,000$12,000,000$12,000,000$12,000,000
63$13,226,957$12,590,957$12,404,957$13,666,141
64$14,512,852$13,144,659$12,757,268$14,537,582
65$15,927,914$13,723,499$13,119,389$15,474,955
66$17,485,258$14,328,647$13,491,585$16,489,036
67$19,199,332$14,961,328$13,874,130$17,586,958
68$21,086,053$15,622,823$14,267,303$18,776,552
69$23,162,965$16,314,475$14,671,392$20,066,419
70$25,449,395$17,037,692$15,086,690$21,466,012
71$27,966,640$17,793,946$15,513,502$22,985,714
72$30,738,169$18,584,781$15,952,136$24,636,936
73$33,789,840$19,411,813$16,402,910$26,432,220
74$37,150,148$20,276,736$16,866,152$28,385,353
75$40,850,490$21,181,323$17,342,195$30,511,493
76$44,925,464$22,127,432$17,831,382$32,827,304
77$49,413,194$23,117,009$18,334,067$35,351,114
78$54,355,691$24,152,094$18,850,609$38,103,077
79$59,799,247$25,234,822$19,381,380$41,105,361
80$65,794,873$26,367,430$19,926,759$44,382,353
81$72,398,779$27,552,264$20,487,135$47,960,877
82$79,672,909$28,791,779$21,062,907$51,870,448
83$87,685,517$30,088,548$21,654,486$56,143,542
84$96,511,819$31,445,266$22,262,291$60,815,892
85$106,234,700$32,864,759$22,886,753$65,926,825
86$116,945,492$34,349,985$23,528,312$71,519,618
87$128,744,843$35,904,045$24,187,421$77,641,908
88$141,743,661$37,530,188$24,864,544$84,346,124
89$156,064,165$39,231,817$25,560,157$91,689,983
90$171,841,033$41,012,499$26,274,745$99,737,017
91$189,222,679$42,875,973$27,008,810$108,557,171
92$208,372,650$44,826,153$27,762,863$118,227,451
93$229,471,169$46,867,143$28,537,428$128,832,640
94$252,716,839$49,003,244$29,333,042$140,466,088
95$278,328,516$51,238,962$30,150,258$153,230,586
96$306,547,372$53,579,018$30,989,639$167,239,319
97$337,639,175$56,028,362$31,851,764$182,616,931
98$371,896,798$58,592,178$32,737,225$199,500,680
99$409,642,979$61,275,903$33,646,629$218,041,727
100$451,233,370$64,085,229$34,580,599$238,406,550