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%11.2%
1 years$990,949$982,122$973,510$965,105$956,897$952,064
2 years$490,569$481,432$472,578$463,993$455,665$450,788
3 years$323,797$314,621$305,789$297,285$289,093$284,322
4 years$240,428$231,280$222,536$214,177$206,183$201,556
5 years$190,419$181,326$172,697$164,508$156,737$152,266
6 years$157,091$148,067$139,565$131,559$124,021$119,713
7 years$133,294$124,346$115,979$108,162$100,862$96,719
8 years$115,455$106,588$98,360$90,734$83,675$79,696
9 years$101,588$92,804$84,717$77,285$70,466$66,652
10 years$90,500$81,802$73,858$66,621$60,041$56,389
11 years$81,434$72,823$65,024$57,980$51,637$48,145
12 years$73,885$65,362$57,707$50,856$44,748$41,413
13 years$67,502$59,068$51,557$44,898$39,021$35,840
14 years$62,035$53,692$46,324$39,856$34,205$31,175
15 years$57,302$49,048$41,825$35,544$30,117$27,233
16 years$53,165$45,001$37,920$31,826$26,618$23,876
17 years$49,518$41,444$34,506$28,595$23,601$20,997
18 years$46,279$38,296$31,499$25,770$20,985$18,515
19 years$43,385$35,493$28,836$23,286$18,704$16,364
20 years$40,784$32,981$26,464$21,090$16,707$14,492
21 years$38,434$30,721$24,342$19,140$14,951$12,856
22 years$36,300$28,677$22,435$17,403$13,401$11,423
23 years$34,354$26,821$20,715$15,849$12,030$10,163
24 years$32,574$25,129$19,158$14,455$10,813$9,052
25 years$30,938$23,583$17,744$13,201$9,730$8,071
26 years$29,430$22,164$16,457$12,071$8,764$7,204
27 years$28,037$20,859$15,281$11,049$7,902$6,434
28 years$26,745$19,655$14,206$10,123$7,130$5,751
29 years$25,545$18,542$13,220$9,283$6,438$5,144
30 years$24,427$17,511$12,314$8,519$5,817$4,604
31 years$23,383$16,554$11,480$7,824$5,259$4,122
32 years$22,406$15,663$10,711$7,191$4,757$3,692
33 years$21,490$14,834$10,001$6,613$4,305$3,309
34 years$20,630$14,059$9,344$6,084$3,898$2,966
35 years$19,821$13,335$8,736$5,601$3,531$2,660
36 years$19,059$12,656$8,172$5,158$3,199$2,386
37 years$18,339$12,021$7,649$4,753$2,899$2,141
38 years$17,659$11,424$7,163$4,381$2,629$1,922
39 years$17,016$10,863$6,711$4,039$2,384$1,725
40 years$16,406$10,335$6,290$3,725$2,162$1,549
41 years$15,827$9,838$5,898$3,437$1,961$1,391
42 years$15,278$9,370$5,533$3,172$1,780$1,249
43 years$14,755$8,927$5,192$2,928$1,615$1,122
44 years$14,258$8,510$4,873$2,704$1,466$1,008
45 years$13,784$8,115$4,576$2,497$1,331$905
46 years$13,332$7,741$4,298$2,307$1,209$814
47 years$12,900$7,387$4,038$2,131$1,097$731
48 years$12,488$7,052$3,794$1,969$997$657
49 years$12,094$6,735$3,567$1,820$905$590
50 years$11,716$6,433$3,353$1,682$822$531

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 $6,107 every year, while hoping to spend $35,933 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: 80/10/10 Blend
62$12,000,000$12,000,000$12,000,000$12,000,000
63$13,230,299$12,594,299$12,408,299$14,266,806
64$14,541,557$13,173,188$12,785,745$15,526,546
65$15,985,360$13,779,237$13,174,631$16,903,276
66$17,575,187$14,413,741$13,575,302$18,412,949
67$19,325,896$15,078,054$13,988,114$20,068,839
68$21,253,855$15,773,596$14,413,434$21,885,566
69$23,377,103$16,501,857$14,851,638$23,879,227
70$25,715,515$17,264,396$15,303,116$26,067,548
71$28,290,996$18,062,849$15,768,268$28,470,053
72$31,127,678$18,898,929$16,247,506$31,108,241
73$34,252,159$19,774,435$16,741,255$34,005,792
74$37,693,745$20,691,248$17,249,953$37,188,784
75$41,484,730$21,651,342$17,774,050$40,685,944
76$45,660,702$22,656,787$18,314,010$44,528,909
77$50,260,876$23,709,752$18,870,311$48,752,529
78$55,328,465$24,812,509$19,443,446$53,395,190
79$60,911,089$25,967,443$20,033,922$58,499,177
80$67,061,223$27,177,051$20,642,262$64,111,067
81$73,836,693$28,443,951$21,269,002$70,282,170
82$81,301,220$29,770,889$21,914,698$77,069,009
83$89,525,024$31,160,742$22,579,920$84,533,850
84$98,585,485$32,616,527$23,265,256$92,745,289
85$108,567,873$34,141,406$23,971,312$101,778,895
86$119,566,156$35,738,695$24,698,710$111,717,920
87$131,683,881$37,411,867$25,448,094$122,654,085
88$145,035,155$39,164,568$26,220,124$134,688,437
89$159,745,725$41,000,615$27,015,482$147,932,305
90$175,954,158$42,924,014$27,834,869$162,508,342
91$193,813,153$44,938,962$28,679,009$178,551,685
92$213,490,984$47,049,861$29,548,644$196,211,221
93$235,173,083$49,261,323$30,444,543$215,650,991
94$259,063,797$51,578,186$31,367,494$237,051,736
95$285,388,309$54,005,523$32,318,310$260,612,594
96$314,394,772$56,548,648$33,297,829$286,552,982
97$346,356,645$59,213,138$34,306,912$315,114,655
98$381,575,277$62,004,837$35,346,448$346,563,988
99$420,382,753$64,929,872$36,417,352$381,194,483
100$463,145,026$67,994,667$37,520,565$419,329,537