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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.5%
1 years$1,007,465$998,491$989,735$981,190$972,845$947,022
2 years$498,745$489,456$480,454$471,726$463,260$437,424
3 years$329,194$319,865$310,886$302,239$293,911$268,870
4 years$244,435$235,135$226,245$217,746$209,620$185,567
5 years$193,593$184,348$175,575$167,250$159,350$136,351
6 years$159,709$150,534$141,891$133,751$126,088$104,166
7 years$135,516$126,419$117,912$109,964$102,543$81,699
8 years$117,379$108,364$99,999$92,246$85,069$65,293
9 years$103,281$94,350$86,129$78,573$71,641$52,914
10 years$92,008$83,165$75,089$67,731$61,042$43,341
11 years$82,791$74,037$66,107$58,946$52,498$35,797
12 years$75,116$66,452$58,669$51,704$45,493$29,761
13 years$68,627$60,053$52,416$45,647$39,671$24,875
14 years$63,069$54,586$47,096$40,520$34,776$20,881
15 years$58,257$49,866$42,522$36,137$30,619$17,591
16 years$54,051$45,751$38,552$32,357$27,061$14,862
17 years$50,343$42,135$35,081$29,072$23,994$12,588
18 years$47,051$38,934$32,024$26,200$21,335$10,683
19 years$44,109$36,084$29,317$23,674$19,016$9,082
20 years$41,464$33,531$26,906$21,441$16,986$7,732
21 years$39,074$31,233$24,748$19,459$15,200$6,591
22 years$36,905$29,155$22,809$17,693$13,625$5,624
23 years$34,927$27,268$21,060$16,113$12,230$4,803
24 years$33,116$25,548$19,477$14,696$10,993$4,105
25 years$31,453$23,976$18,040$13,421$9,892$3,510
26 years$29,921$22,533$16,731$12,272$8,910$3,004
27 years$28,504$21,206$15,536$11,233$8,033$2,571
28 years$27,191$19,983$14,443$10,292$7,249$2,202
29 years$25,971$18,851$13,440$9,438$6,545$1,886
30 years$24,834$17,803$12,519$8,661$5,914$1,616
31 years$23,772$16,830$11,671$7,955$5,347$1,385
32 years$22,779$15,925$10,889$7,311$4,837$1,188
33 years$21,848$15,081$10,167$6,723$4,377$1,018
34 years$20,974$14,293$9,500$6,186$3,963$873
35 years$20,152$13,557$8,882$5,694$3,590$749
36 years$19,376$12,867$8,309$5,244$3,252$643
37 years$18,645$12,221$7,777$4,832$2,948$551
38 years$17,954$11,614$7,283$4,454$2,672$473
39 years$17,299$11,044$6,823$4,106$2,423$406
40 years$16,679$10,508$6,395$3,788$2,198$348
41 years$16,091$10,002$5,997$3,495$1,994$299
42 years$15,532$9,526$5,625$3,225$1,809$256
43 years$15,001$9,076$5,278$2,977$1,642$220
44 years$14,495$8,651$4,955$2,749$1,491$189
45 years$14,013$8,250$4,652$2,539$1,353$162
46 years$13,554$7,870$4,370$2,345$1,229$139
47 years$13,115$7,511$4,105$2,166$1,116$119
48 years$12,696$7,170$3,858$2,002$1,013$102
49 years$12,295$6,847$3,626$1,850$920$88
50 years$11,911$6,540$3,409$1,710$836$75

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 $6,561 every year, while hoping to spend $53,043 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: 37/39/24 Blend
62$12,200,000$12,200,000$12,200,000$12,200,000
63$13,451,168$12,804,568$12,615,468$13,851,757
64$14,766,749$13,375,554$12,981,648$14,716,698
65$16,214,743$13,972,741$13,358,319$15,644,962
66$17,808,598$14,597,357$13,745,773$16,646,600
67$19,563,134$15,250,687$14,144,316$17,728,256
68$21,494,682$15,934,079$14,554,259$18,897,217
69$23,621,236$16,648,944$14,975,923$20,161,477
70$25,962,622$17,396,763$15,409,636$21,529,806
71$28,540,688$18,179,082$15,855,738$23,011,832
72$31,379,507$18,997,527$16,314,574$24,618,119
73$34,505,608$19,853,797$16,786,504$26,360,270
74$37,948,222$20,749,674$17,271,893$28,251,021
75$41,739,557$21,687,025$17,771,118$30,304,365
76$45,915,108$22,667,806$18,284,567$32,535,670
77$50,513,986$23,694,065$18,812,637$34,961,819
78$55,579,289$24,767,951$19,355,737$37,601,366
79$61,158,509$25,891,713$19,914,286$40,474,700
80$67,303,978$27,067,708$20,488,716$43,604,230
81$74,073,365$28,298,407$21,079,469$47,014,591
82$81,530,217$29,586,398$21,687,000$50,732,866
83$89,744,561$30,934,393$22,311,777$54,788,832
84$98,793,564$32,345,236$22,954,279$59,215,237
85$108,762,260$33,821,905$23,614,999$64,048,092
86$119,744,352$35,367,520$24,294,444$69,327,008
87$131,843,101$36,985,353$24,993,133$75,095,554
88$145,172,294$38,678,833$25,711,599$81,401,663
89$159,857,323$40,451,550$26,450,392$88,298,066
90$176,036,364$42,307,270$27,210,075$95,842,784
91$193,861,685$44,249,939$27,991,225$104,099,660
92$213,501,083$46,283,691$28,794,436$113,138,952
93$235,139,462$48,412,861$29,620,319$123,037,976
94$258,980,586$50,641,990$30,469,498$133,881,829
95$285,248,996$52,975,838$31,342,617$145,764,172
96$314,192,135$55,419,396$32,240,336$158,788,103
97$346,082,678$57,977,891$33,163,333$173,067,111
98$381,221,110$60,656,806$34,112,302$188,726,129
99$419,938,558$63,461,884$35,087,959$205,902,700
100$462,599,922$66,399,148$36,091,037$224,748,253