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%15.9%
1 years$999,207$990,306$981,623$973,147$964,871$941,546
2 years$494,657$485,444$476,516$467,859$459,462$436,103
3 years$326,495$317,243$308,337$299,762$291,502$268,838
4 years$242,431$233,207$224,391$215,962$207,902$186,108
5 years$192,006$182,837$174,136$165,879$158,043$137,181
6 years$158,400$149,300$140,728$132,655$125,054$105,144
7 years$134,405$125,382$116,946$109,063$101,703$82,747
8 years$116,417$107,476$99,179$91,490$84,372$66,363
9 years$102,434$93,577$85,423$77,929$71,054$53,976
10 years$91,254$82,484$74,474$67,176$60,541$44,376
11 years$82,113$73,430$65,565$58,463$52,067$36,792
12 years$74,500$65,907$58,188$51,280$45,121$30,709
13 years$68,064$59,561$51,987$45,273$39,346$25,771
14 years$62,552$54,139$46,710$40,188$34,490$21,723
15 years$57,780$49,457$42,173$35,841$30,368$18,377
16 years$53,608$45,376$38,236$32,091$26,839$15,593
17 years$49,930$41,789$34,793$28,834$23,798$13,264
18 years$46,665$38,615$31,762$25,985$21,160$11,307
19 years$43,747$35,788$29,077$23,480$18,860$9,656
20 years$41,124$33,256$26,685$21,265$16,846$8,258
21 years$38,754$30,977$24,545$19,300$15,076$7,072
22 years$36,602$28,916$22,622$17,548$13,513$6,062
23 years$34,641$27,044$20,887$15,981$12,130$5,202
24 years$32,845$25,339$19,317$14,576$10,903$4,467
25 years$31,196$23,779$17,892$13,311$9,811$3,838
26 years$29,676$22,349$16,594$12,171$8,837$3,300
27 years$28,271$21,033$15,409$11,141$7,968$2,839
28 years$26,968$19,819$14,324$10,207$7,189$2,443
29 years$25,758$18,697$13,330$9,360$6,492$2,103
30 years$24,630$17,657$12,416$8,590$5,866$1,811
31 years$23,578$16,692$11,576$7,890$5,303$1,560
32 years$22,593$15,794$10,800$7,251$4,797$1,344
33 years$21,669$14,957$10,084$6,668$4,341$1,158
34 years$20,802$14,176$9,422$6,135$3,931$998
35 years$19,986$13,446$8,809$5,647$3,560$861
36 years$19,218$12,762$8,241$5,201$3,226$742
37 years$18,492$12,121$7,713$4,792$2,924$640
38 years$17,806$11,519$7,223$4,417$2,650$552
39 years$17,158$10,954$6,767$4,073$2,403$476
40 years$16,543$10,421$6,343$3,757$2,180$410
41 years$15,959$9,920$5,948$3,466$1,978$354
42 years$15,405$9,448$5,579$3,199$1,795$305
43 years$14,878$9,002$5,235$2,953$1,629$263
44 years$14,377$8,581$4,914$2,726$1,478$227
45 years$13,899$8,182$4,614$2,518$1,342$196
46 years$13,443$7,806$4,334$2,326$1,219$169
47 years$13,008$7,449$4,071$2,149$1,107$146
48 years$12,592$7,111$3,826$1,985$1,005$126
49 years$12,194$6,791$3,596$1,835$913$109
50 years$11,814$6,487$3,381$1,696$829$94

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 $4,067 every year, while hoping to spend $53,051 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: 79/16/5 Blend
62$12,100,000$12,100,000$12,100,000$12,100,000
63$13,338,395$12,697,095$12,509,545$14,389,273
64$14,642,466$13,262,807$12,872,169$15,643,722
65$16,077,773$13,854,461$13,245,163$17,012,010
66$17,657,648$14,473,271$13,628,818$18,511,269
67$19,396,778$15,120,512$14,023,433$20,154,516
68$21,311,349$15,797,516$14,429,317$21,956,081
69$23,419,192$16,505,680$14,846,785$23,931,740
70$25,739,959$17,246,468$15,276,162$26,098,862
71$28,295,303$18,021,413$15,717,782$28,476,574
72$31,109,083$18,832,121$16,171,986$31,085,933
73$34,207,589$19,680,274$16,639,128$33,950,130
74$37,619,793$20,567,637$17,119,568$37,094,700
75$41,377,617$21,496,057$17,613,678$40,547,763
76$45,516,237$22,467,467$18,121,840$44,340,290
77$50,074,418$23,483,897$18,644,446$48,506,387
78$55,094,872$24,547,472$19,181,899$53,083,616
79$60,624,667$25,660,416$19,734,611$58,113,351
80$66,715,670$26,825,064$20,303,007$63,641,158
81$73,425,036$28,043,859$20,887,525$69,717,228
82$80,815,743$29,319,362$21,488,611$76,396,843
83$88,957,196$30,654,258$22,106,727$83,740,899
84$97,925,872$32,051,358$22,742,344$91,816,472
85$107,806,046$33,513,610$23,395,948$100,697,452
86$118,690,588$35,044,102$24,068,037$110,465,232
87$130,681,836$36,646,071$24,759,124$121,209,475
88$143,892,562$38,322,907$25,469,733$133,028,957
89$158,447,039$40,078,166$26,200,405$146,032,491
90$174,482,213$41,915,571$26,951,694$160,339,953
91$192,148,991$43,839,027$27,724,169$176,083,406
92$211,613,673$45,852,624$28,518,414$193,408,344
93$233,059,516$47,960,651$29,335,028$212,475,057
94$256,688,464$50,167,600$30,174,629$233,460,141
95$282,723,056$52,478,181$31,037,848$256,558,157
96$311,408,526$54,897,330$31,925,334$281,983,464
97$343,015,117$57,430,221$32,837,754$309,972,232
98$377,840,632$60,082,275$33,775,793$340,784,668
99$416,213,246$62,859,176$34,740,151$374,707,467
100$458,494,603$65,766,881$35,731,552$412,056,504