Can I retire at age 63 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,007,465$998,491$989,735$981,190$972,845$948,942
2 years$498,745$489,456$480,454$471,726$463,260$439,325
3 years$329,194$319,865$310,886$302,239$293,911$270,693
4 years$244,435$235,135$226,245$217,746$209,620$187,297
5 years$193,593$184,348$175,575$167,250$159,350$137,985
6 years$159,709$150,534$141,891$133,751$126,088$105,703
7 years$135,516$126,419$117,912$109,964$102,543$83,139
8 years$117,379$108,364$99,999$92,246$85,069$66,639
9 years$103,281$94,350$86,129$78,573$71,641$54,168
10 years$92,008$83,165$75,089$67,731$61,042$44,506
11 years$82,791$74,037$66,107$58,946$52,498$36,877
12 years$75,116$66,452$58,669$51,704$45,493$30,760
13 years$68,627$60,053$52,416$45,647$39,671$25,796
14 years$63,069$54,586$47,096$40,520$34,776$21,729
15 years$58,257$49,866$42,522$36,137$30,619$18,369
16 years$54,051$45,751$38,552$32,357$27,061$15,576
17 years$50,343$42,135$35,081$29,072$23,994$13,240
18 years$47,051$38,934$32,024$26,200$21,335$11,278
19 years$44,109$36,084$29,317$23,674$19,016$9,624
20 years$41,464$33,531$26,906$21,441$16,986$8,225
21 years$39,074$31,233$24,748$19,459$15,200$7,038
22 years$36,905$29,155$22,809$17,693$13,625$6,028
23 years$34,927$27,268$21,060$16,113$12,230$5,168
24 years$33,116$25,548$19,477$14,696$10,993$4,435
25 years$31,453$23,976$18,040$13,421$9,892$3,808
26 years$29,921$22,533$16,731$12,272$8,910$3,271
27 years$28,504$21,206$15,536$11,233$8,033$2,812
28 years$27,191$19,983$14,443$10,292$7,249$2,418
29 years$25,971$18,851$13,440$9,438$6,545$2,080
30 years$24,834$17,803$12,519$8,661$5,914$1,789
31 years$23,772$16,830$11,671$7,955$5,347$1,540
32 years$22,779$15,925$10,889$7,311$4,837$1,326
33 years$21,848$15,081$10,167$6,723$4,377$1,142
34 years$20,974$14,293$9,500$6,186$3,963$983
35 years$20,152$13,557$8,882$5,694$3,590$847
36 years$19,376$12,867$8,309$5,244$3,252$729
37 years$18,645$12,221$7,777$4,832$2,948$628
38 years$17,954$11,614$7,283$4,454$2,672$541
39 years$17,299$11,044$6,823$4,106$2,423$466
40 years$16,679$10,508$6,395$3,788$2,198$402
41 years$16,091$10,002$5,997$3,495$1,994$346
42 years$15,532$9,526$5,625$3,225$1,809$299
43 years$15,001$9,076$5,278$2,977$1,642$257
44 years$14,495$8,651$4,955$2,749$1,491$222
45 years$14,013$8,250$4,652$2,539$1,353$191
46 years$13,554$7,870$4,370$2,345$1,229$165
47 years$13,115$7,511$4,105$2,166$1,116$142
48 years$12,696$7,170$3,858$2,002$1,013$122
49 years$12,295$6,847$3,626$1,850$920$105
50 years$11,911$6,540$3,409$1,710$836$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,200,000, adding $5,684 every year, while hoping to spend $44,502 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: 23/49/28 Blend
62$12,200,000$12,200,000$12,200,000$12,200,000
63$13,450,263$12,803,663$12,614,563$13,640,383
64$14,774,840$13,383,693$12,989,801$14,385,863
65$16,233,032$13,990,652$13,376,118$15,179,317
66$17,838,422$14,625,815$13,773,838$16,027,879
67$19,605,974$15,290,513$14,183,295$16,936,123
68$21,552,180$15,986,144$14,604,832$17,909,047
69$23,695,210$16,714,173$15,038,801$18,952,112
70$26,055,088$17,476,133$15,485,567$20,071,286
71$28,653,876$18,273,633$15,945,503$21,273,096
72$31,515,888$19,108,358$16,418,994$22,564,682
73$34,667,913$19,982,072$16,906,435$23,953,857
74$38,139,473$20,896,627$17,408,234$25,449,171
75$41,963,099$21,853,961$17,924,809$27,059,989
76$46,174,636$22,856,106$18,456,591$28,796,564
77$50,813,586$23,905,192$19,004,024$30,670,133
78$55,923,477$25,003,452$19,567,564$32,693,006
79$61,552,274$26,153,224$20,147,680$34,878,680
80$67,752,834$27,356,959$20,744,855$37,241,951
81$74,583,400$28,617,228$21,359,585$39,799,047
82$82,108,158$29,936,723$21,992,382$42,567,768
83$90,397,834$31,318,266$22,643,771$45,567,644
84$99,530,369$32,764,817$23,314,293$48,820,106
85$109,591,648$34,279,475$24,004,504$52,348,678
86$120,676,318$35,865,490$24,714,976$56,179,185
87$132,888,672$37,526,270$25,446,298$60,339,984
88$146,343,643$39,265,384$26,199,075$64,862,214
89$161,167,882$41,086,574$26,973,931$69,780,082
90$177,500,954$42,993,764$27,771,506$75,131,164
91$195,496,659$44,991,067$28,592,459$80,956,746
92$215,324,480$47,082,790$29,437,468$87,302,197
93$237,171,184$49,273,455$30,307,231$94,217,380
94$261,242,586$51,567,795$31,202,464$101,757,102
95$287,765,489$53,970,776$32,123,905$109,981,615
96$316,989,826$56,487,602$33,072,314$118,957,162
97$349,191,023$59,123,729$34,048,471$128,756,582
98$384,672,591$61,884,875$35,053,178$139,459,975
99$423,768,997$64,777,036$36,087,262$151,155,436
100$466,848,821$67,806,497$37,151,571$163,939,863