Can I retire at age 63 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$999,207$990,306$981,623$973,147$964,871$948,496
2 years$494,657$485,444$476,516$467,859$459,462$443,016
3 years$326,495$317,243$308,337$299,762$291,502$275,495
4 years$242,431$233,207$224,391$215,962$207,902$192,458
5 years$192,006$182,837$174,136$165,879$158,043$143,208
6 years$158,400$149,300$140,728$132,655$125,054$110,843
7 years$134,405$125,382$116,946$109,063$101,703$88,120
8 years$116,417$107,476$99,179$91,490$84,372$71,416
9 years$102,434$93,577$85,423$77,929$71,054$58,716
10 years$91,254$82,484$74,474$67,176$60,541$48,812
11 years$82,113$73,430$65,565$58,463$52,067$40,934
12 years$74,500$65,907$58,188$51,280$45,121$34,568
13 years$68,064$59,561$51,987$45,273$39,346$29,358
14 years$62,552$54,139$46,710$40,188$34,490$25,051
15 years$57,780$49,457$42,173$35,841$30,368$21,458
16 years$53,608$45,376$38,236$32,091$26,839$18,441
17 years$49,930$41,789$34,793$28,834$23,798$15,891
18 years$46,665$38,615$31,762$25,985$21,160$13,726
19 years$43,747$35,788$29,077$23,480$18,860$11,879
20 years$41,124$33,256$26,685$21,265$16,846$10,298
21 years$38,754$30,977$24,545$19,300$15,076$8,940
22 years$36,602$28,916$22,622$17,548$13,513$7,771
23 years$34,641$27,044$20,887$15,981$12,130$6,763
24 years$32,845$25,339$19,317$14,576$10,903$5,890
25 years$31,196$23,779$17,892$13,311$9,811$5,134
26 years$29,676$22,349$16,594$12,171$8,837$4,479
27 years$28,271$21,033$15,409$11,141$7,968$3,909
28 years$26,968$19,819$14,324$10,207$7,189$3,414
29 years$25,758$18,697$13,330$9,360$6,492$2,982
30 years$24,630$17,657$12,416$8,590$5,866$2,607
31 years$23,578$16,692$11,576$7,890$5,303$2,279
32 years$22,593$15,794$10,800$7,251$4,797$1,993
33 years$21,669$14,957$10,084$6,668$4,341$1,744
34 years$20,802$14,176$9,422$6,135$3,931$1,526
35 years$19,986$13,446$8,809$5,647$3,560$1,335
36 years$19,218$12,762$8,241$5,201$3,226$1,169
37 years$18,492$12,121$7,713$4,792$2,924$1,023
38 years$17,806$11,519$7,223$4,417$2,650$896
39 years$17,158$10,954$6,767$4,073$2,403$785
40 years$16,543$10,421$6,343$3,757$2,180$687
41 years$15,959$9,920$5,948$3,466$1,978$602
42 years$15,405$9,448$5,579$3,199$1,795$527
43 years$14,878$9,002$5,235$2,953$1,629$462
44 years$14,377$8,581$4,914$2,726$1,478$405
45 years$13,899$8,182$4,614$2,518$1,342$354
46 years$13,443$7,806$4,334$2,326$1,219$311
47 years$13,008$7,449$4,071$2,149$1,107$272
48 years$12,592$7,111$3,826$1,985$1,005$238
49 years$12,194$6,791$3,596$1,835$913$209
50 years$11,814$6,487$3,381$1,696$829$183

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,100,000, adding $2,021 every year, while hoping to spend $43,284 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: 68/20/12 Blend
62$12,100,000$12,100,000$12,100,000$12,100,000
63$13,336,285$12,694,985$12,507,435$14,208,085
64$14,650,532$13,270,985$12,880,380$15,364,031
65$16,097,382$13,873,759$13,264,368$16,622,447
66$17,690,314$14,504,572$13,659,723$17,997,627
67$19,444,181$15,164,752$14,066,780$19,501,023
68$21,375,351$15,855,688$14,485,880$21,145,232
69$23,501,858$16,578,838$14,917,378$22,944,119
70$25,843,574$17,335,728$15,361,638$24,912,941
71$28,422,399$18,127,958$15,819,032$27,068,490
72$31,262,460$18,957,205$16,289,947$29,429,248
73$34,390,349$19,825,226$16,774,778$32,015,557
74$37,835,365$20,733,863$17,273,933$34,849,811
75$41,629,795$21,685,044$17,787,832$37,956,660
76$45,809,215$22,680,792$18,316,906$41,363,244
77$50,412,832$23,723,228$18,861,599$45,099,441
78$55,483,846$24,814,572$19,422,368$49,198,148
79$61,069,865$25,957,152$19,999,684$53,695,585
80$67,223,347$27,153,409$20,594,029$58,631,636
81$74,002,102$28,405,899$21,205,903$64,050,219
82$81,469,832$29,717,304$21,835,816$69,999,696
83$89,696,735$31,090,432$22,484,296$76,533,326
84$98,760,167$32,528,228$23,151,885$83,709,761
85$108,745,372$34,033,779$23,839,141$91,593,597
86$119,746,285$35,610,319$24,546,637$100,255,974
87$131,866,421$37,261,240$25,274,965$109,775,248
88$145,219,851$38,990,095$26,024,731$120,237,720
89$159,932,276$40,800,611$26,796,560$131,738,446
90$176,142,219$42,696,692$27,591,096$144,382,127
91$194,002,327$44,682,431$28,408,999$158,284,092
92$213,680,815$46,762,120$29,250,950$173,571,380
93$235,363,051$48,940,257$30,117,650$190,383,929
94$259,253,309$51,221,557$31,009,818$208,875,893
95$285,576,695$53,610,961$31,928,196$229,217,086
96$314,581,272$56,113,653$32,873,545$251,594,578
97$346,540,402$58,735,062$33,846,649$276,214,454
98$381,755,327$61,480,884$34,848,315$303,303,745
99$420,558,010$64,357,087$35,879,373$333,112,569
100$463,314,270$67,369,928$36,940,676$365,916,475