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%19.3%
1 years$999,207$990,306$981,623$973,147$964,871$928,791
2 years$494,657$485,444$476,516$467,859$459,462$423,525
3 years$326,495$317,243$308,337$299,762$291,502$256,838
4 years$242,431$233,207$224,391$215,962$207,902$174,776
5 years$192,006$182,837$174,136$165,879$158,043$126,541
6 years$158,400$149,300$140,728$132,655$125,054$95,198
7 years$134,405$125,382$116,946$109,063$101,703$73,484
8 years$116,417$107,476$99,179$91,490$84,372$57,765
9 years$102,434$93,577$85,423$77,929$71,054$46,021
10 years$91,254$82,484$74,474$67,176$60,541$37,037
11 years$82,113$73,430$65,565$58,463$52,067$30,041
12 years$74,500$65,907$58,188$51,280$45,121$24,517
13 years$68,064$59,561$51,987$45,273$39,346$20,106
14 years$62,552$54,139$46,710$40,188$34,490$16,553
15 years$57,780$49,457$42,173$35,841$30,368$13,671
16 years$53,608$45,376$38,236$32,091$26,839$11,319
17 years$49,930$41,789$34,793$28,834$23,798$9,392
18 years$46,665$38,615$31,762$25,985$21,160$7,807
19 years$43,747$35,788$29,077$23,480$18,860$6,498
20 years$41,124$33,256$26,685$21,265$16,846$5,415
21 years$38,754$30,977$24,545$19,300$15,076$4,517
22 years$36,602$28,916$22,622$17,548$13,513$3,771
23 years$34,641$27,044$20,887$15,981$12,130$3,150
24 years$32,845$25,339$19,317$14,576$10,903$2,633
25 years$31,196$23,779$17,892$13,311$9,811$2,202
26 years$29,676$22,349$16,594$12,171$8,837$1,842
27 years$28,271$21,033$15,409$11,141$7,968$1,541
28 years$26,968$19,819$14,324$10,207$7,189$1,290
29 years$25,758$18,697$13,330$9,360$6,492$1,080
30 years$24,630$17,657$12,416$8,590$5,866$905
31 years$23,578$16,692$11,576$7,890$5,303$758
32 years$22,593$15,794$10,800$7,251$4,797$635
33 years$21,669$14,957$10,084$6,668$4,341$532
34 years$20,802$14,176$9,422$6,135$3,931$445
35 years$19,986$13,446$8,809$5,647$3,560$373
36 years$19,218$12,762$8,241$5,201$3,226$313
37 years$18,492$12,121$7,713$4,792$2,924$262
38 years$17,806$11,519$7,223$4,417$2,650$220
39 years$17,158$10,954$6,767$4,073$2,403$184
40 years$16,543$10,421$6,343$3,757$2,180$154
41 years$15,959$9,920$5,948$3,466$1,978$129
42 years$15,405$9,448$5,579$3,199$1,795$108
43 years$14,878$9,002$5,235$2,953$1,629$91
44 years$14,377$8,581$4,914$2,726$1,478$76
45 years$13,899$8,182$4,614$2,518$1,342$64
46 years$13,443$7,806$4,334$2,326$1,219$53
47 years$13,008$7,449$4,071$2,149$1,107$45
48 years$12,592$7,111$3,826$1,985$1,005$38
49 years$12,194$6,791$3,596$1,835$913$31
50 years$11,814$6,487$3,381$1,696$829$26

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 $3,285 every year, while hoping to spend $53,691 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: 31/46/23 Blend
62$12,100,000$12,100,000$12,100,000$12,100,000
63$13,337,588$12,696,288$12,508,738$13,656,034
64$14,640,896$13,261,280$12,870,654$14,463,674
65$16,075,341$13,852,156$13,242,895$15,327,425
66$17,654,243$14,470,129$13,625,750$16,256,128
67$19,392,279$15,116,469$14,019,515$17,255,479
68$21,305,619$15,792,503$14,424,497$18,331,716
69$23,412,083$16,499,627$14,841,008$19,491,675
70$25,731,305$17,239,298$15,269,371$20,742,842
71$28,284,920$18,013,045$15,709,917$22,093,426
72$31,096,768$18,822,471$16,162,985$23,552,425
73$34,193,118$19,669,252$16,628,925$25,129,704
74$37,602,917$20,555,146$17,108,095$26,836,087
75$41,358,061$21,481,995$17,600,863$28,683,447
76$45,493,699$22,451,729$18,107,608$30,684,812
77$50,048,562$23,466,369$18,628,718$32,854,480
78$55,065,327$24,528,033$19,164,592$35,208,149
79$60,591,025$25,638,941$19,715,640$37,763,054
80$66,677,478$26,801,417$20,282,283$40,538,121
81$73,381,794$28,017,900$20,864,953$43,554,137
82$80,766,901$29,290,941$21,464,093$46,833,938
83$88,902,144$30,623,217$22,080,159$50,402,613
84$97,863,939$32,017,530$22,713,620$54,287,730
85$107,736,490$33,476,818$23,364,956$58,519,589
86$118,612,590$35,004,160$24,034,660$63,131,491
87$130,594,492$36,602,782$24,723,239$68,160,047
88$143,794,875$38,276,064$25,431,213$73,645,503
89$158,337,910$40,027,548$26,159,116$79,632,117
90$174,360,427$41,860,948$26,907,496$86,168,553
91$192,013,210$43,780,154$27,676,917$93,308,335
92$211,462,420$45,789,244$28,467,956$101,110,331
93$232,891,161$47,892,491$29,281,206$109,639,298
94$256,501,210$50,094,374$30,117,277$118,966,471
95$282,514,921$52,399,586$30,976,794$129,170,226
96$311,177,324$54,813,047$31,860,398$140,336,795
97$342,758,438$57,339,913$32,768,748$152,561,069
98$377,555,817$59,985,587$33,702,520$165,947,466
99$415,897,364$62,755,735$34,662,407$180,610,901
100$458,144,420$65,656,291$35,649,123$196,677,852