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%17.3%
1 years$1,007,465$998,491$989,735$981,190$972,845$943,973
2 years$498,745$489,456$480,454$471,726$463,260$434,410
3 years$329,194$319,865$310,886$302,239$293,911$265,988
4 years$244,435$235,135$226,245$217,746$209,620$182,838
5 years$193,593$184,348$175,575$167,250$159,350$133,782
6 years$159,709$150,534$141,891$133,751$126,088$101,757
7 years$135,516$126,419$117,912$109,964$102,543$79,448
8 years$117,379$108,364$99,999$92,246$85,069$63,196
9 years$103,281$94,350$86,129$78,573$71,641$50,967
10 years$92,008$83,165$75,089$67,731$61,042$41,538
11 years$82,791$74,037$66,107$58,946$52,498$34,131
12 years$75,116$66,452$58,669$51,704$45,493$28,227
13 years$68,627$60,053$52,416$45,647$39,671$23,466
14 years$63,069$54,586$47,096$40,520$34,776$19,590
15 years$58,257$49,866$42,522$36,137$30,619$16,410
16 years$54,051$45,751$38,552$32,357$27,061$13,786
17 years$50,343$42,135$35,081$29,072$23,994$11,608
18 years$47,051$38,934$32,024$26,200$21,335$9,793
19 years$44,109$36,084$29,317$23,674$19,016$8,276
20 years$41,464$33,531$26,906$21,441$16,986$7,003
21 years$39,074$31,233$24,748$19,459$15,200$5,933
22 years$36,905$29,155$22,809$17,693$13,625$5,031
23 years$34,927$27,268$21,060$16,113$12,230$4,269
24 years$33,116$25,548$19,477$14,696$10,993$3,626
25 years$31,453$23,976$18,040$13,421$9,892$3,081
26 years$29,921$22,533$16,731$12,272$8,910$2,619
27 years$28,504$21,206$15,536$11,233$8,033$2,228
28 years$27,191$19,983$14,443$10,292$7,249$1,895
29 years$25,971$18,851$13,440$9,438$6,545$1,613
30 years$24,834$17,803$12,519$8,661$5,914$1,373
31 years$23,772$16,830$11,671$7,955$5,347$1,169
32 years$22,779$15,925$10,889$7,311$4,837$996
33 years$21,848$15,081$10,167$6,723$4,377$848
34 years$20,974$14,293$9,500$6,186$3,963$722
35 years$20,152$13,557$8,882$5,694$3,590$615
36 years$19,376$12,867$8,309$5,244$3,252$524
37 years$18,645$12,221$7,777$4,832$2,948$447
38 years$17,954$11,614$7,283$4,454$2,672$381
39 years$17,299$11,044$6,823$4,106$2,423$325
40 years$16,679$10,508$6,395$3,788$2,198$277
41 years$16,091$10,002$5,997$3,495$1,994$236
42 years$15,532$9,526$5,625$3,225$1,809$201
43 years$15,001$9,076$5,278$2,977$1,642$171
44 years$14,495$8,651$4,955$2,749$1,491$146
45 years$14,013$8,250$4,652$2,539$1,353$124
46 years$13,554$7,870$4,370$2,345$1,229$106
47 years$13,115$7,511$4,105$2,166$1,116$90
48 years$12,696$7,170$3,858$2,002$1,013$77
49 years$12,295$6,847$3,626$1,850$920$66
50 years$11,911$6,540$3,409$1,710$836$56

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 $5,348 every year, while hoping to spend $56,326 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: 47/35/18 Blend
62$12,200,000$12,200,000$12,200,000$12,200,000
63$13,449,916$12,803,316$12,614,216$14,013,218
64$14,761,878$13,370,749$12,976,862$14,973,185
65$16,205,771$13,964,097$13,349,769$16,008,389
66$17,794,994$14,584,572$13,733,221$17,130,791
67$19,544,309$15,233,442$14,127,509$18,348,556
68$21,469,983$15,912,035$14,532,935$19,670,654
69$23,589,938$16,621,741$14,949,805$21,106,934
70$25,923,924$17,364,019$15,378,436$22,668,221
71$28,493,702$18,140,394$15,819,152$24,366,407
72$31,323,253$18,952,467$16,272,287$26,214,560
73$34,438,998$19,801,911$16,738,182$28,227,045
74$37,870,054$20,690,483$17,217,189$30,419,652
75$41,648,503$21,620,020$17,709,668$32,809,741
76$45,809,699$22,592,449$18,215,990$35,416,398
77$50,392,597$23,609,788$18,736,535$38,260,612
78$55,440,126$24,674,152$19,271,693$41,365,467
79$60,999,589$25,787,755$19,821,865$44,756,350
80$67,123,111$26,952,919$20,387,461$48,461,188
81$73,868,131$28,172,075$20,968,904$52,510,704
82$81,297,945$29,447,771$21,566,627$56,938,695
83$89,482,301$30,782,678$22,181,074$61,782,352
84$98,498,058$32,179,591$22,812,702$67,082,593
85$108,429,912$33,641,443$23,461,980$72,884,452
86$119,371,194$35,171,305$24,129,388$79,237,483
87$131,424,752$36,772,395$24,815,418$86,196,232
88$144,703,921$38,448,086$25,520,579$93,820,729
89$159,333,590$40,201,912$26,245,388$102,177,056
90$175,451,387$42,037,577$26,990,379$111,337,954
91$193,208,971$43,958,960$27,756,099$121,383,501
92$212,773,467$45,970,130$28,543,109$132,401,855
93$234,329,043$48,075,349$29,351,986$144,490,076
94$258,078,647$50,279,083$30,183,319$157,755,030
95$284,245,924$52,586,013$31,037,715$172,314,383
96$313,077,326$55,001,045$31,915,796$188,297,698
97$344,844,438$57,529,321$32,818,200$205,847,649
98$379,846,542$60,176,229$33,745,581$225,121,345
99$418,413,441$62,947,416$34,698,610$246,291,804
100$460,908,575$65,848,802$35,677,976$269,549,567