Can I retire at age 63 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$961,409
2 years$502,833$493,468$484,392$475,592$467,057$447,583
3 years$331,892$322,487$313,434$304,717$296,320$277,391
4 years$246,438$237,062$228,100$219,531$211,338$193,098
5 years$195,180$185,859$177,015$168,621$160,656$143,158
6 years$161,018$151,768$143,054$134,848$127,121$110,384
7 years$136,627$127,455$118,879$110,866$103,384$87,411
8 years$118,342$109,252$100,818$93,002$85,767$70,554
9 years$104,127$95,124$86,835$79,217$72,228$57,766
10 years$92,762$83,847$75,705$68,286$61,542$47,816
11 years$83,470$74,644$66,649$59,429$52,928$39,922
12 years$75,732$66,996$59,149$52,128$45,866$33,561
13 years$69,189$60,545$52,846$46,021$39,996$28,372
14 years$63,586$55,034$47,482$40,852$35,061$24,095
15 years$58,735$50,274$42,870$36,433$30,870$20,540
16 years$54,494$46,126$38,868$32,622$27,283$17,565
17 years$50,755$42,480$35,369$29,310$24,191$15,061
18 years$47,436$39,254$32,287$26,415$21,510$12,943
19 years$44,470$36,380$29,557$23,868$19,172$11,143
20 years$41,804$33,806$27,126$21,617$17,125$9,610
21 years$39,395$31,489$24,951$19,619$15,325$8,299
22 years$37,207$29,394$22,996$17,838$13,736$7,175
23 years$35,213$27,491$21,233$16,245$12,331$6,210
24 years$33,388$25,758$19,637$14,817$11,083$5,379
25 years$31,711$24,172$18,187$13,531$9,973$4,663
26 years$30,166$22,718$16,868$12,372$8,983$4,044
27 years$28,738$21,380$15,663$11,325$8,099$3,510
28 years$27,414$20,147$14,561$10,376$7,308$3,048
29 years$26,184$19,006$13,550$9,515$6,599$2,648
30 years$25,037$17,949$12,622$8,732$5,963$2,301
31 years$23,967$16,968$11,767$8,020$5,391$2,000
32 years$22,966$16,055$10,979$7,371$4,876$1,739
33 years$22,027$15,204$10,251$6,778$4,413$1,512
34 years$21,146$14,410$9,578$6,236$3,996$1,316
35 years$20,317$13,668$8,955$5,741$3,619$1,145
36 years$19,535$12,973$8,377$5,287$3,279$996
37 years$18,798$12,321$7,841$4,871$2,972$867
38 years$18,101$11,710$7,342$4,490$2,694$755
39 years$17,441$11,135$6,879$4,140$2,443$657
40 years$16,816$10,594$6,448$3,819$2,216$572
41 years$16,223$10,084$6,046$3,523$2,010$498
42 years$15,660$9,604$5,671$3,251$1,824$433
43 years$15,124$9,151$5,322$3,001$1,656$377
44 years$14,614$8,722$4,995$2,771$1,503$329
45 years$14,128$8,318$4,690$2,559$1,364$286
46 years$13,665$7,935$4,405$2,364$1,239$249
47 years$13,223$7,572$4,139$2,184$1,125$217
48 years$12,800$7,229$3,889$2,018$1,022$189
49 years$12,396$6,903$3,656$1,865$928$165
50 years$12,009$6,594$3,437$1,724$843$143

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,300,000, adding $6,444 every year, while hoping to spend $31,185 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: 61/27/12 Blend
62$12,300,000$12,300,000$12,300,000$12,300,000
63$13,561,247$12,909,347$12,718,697$14,349,300
64$14,911,314$13,508,724$13,111,593$15,478,496
65$16,398,042$14,136,426$13,516,605$16,706,001
66$18,035,338$14,793,807$13,934,108$18,044,679
67$19,838,527$15,482,288$14,364,484$19,505,280
68$21,824,493$16,203,357$14,808,131$21,099,627
69$24,011,845$16,958,575$15,265,458$22,840,721
70$26,421,087$17,749,578$15,736,884$24,742,860
71$29,074,812$18,578,082$16,222,843$26,821,773
72$31,997,918$19,445,883$16,723,784$29,094,761
73$35,217,842$20,354,868$17,240,167$31,580,858
74$38,764,816$21,307,011$17,772,467$34,301,006
75$42,672,157$22,304,383$18,321,174$37,278,249
76$46,976,576$23,349,157$18,886,792$40,537,941
77$51,718,529$24,443,608$19,469,842$44,107,989
78$56,942,597$25,590,124$20,070,860$48,019,102
79$62,697,907$26,791,204$20,690,399$52,305,082
80$69,038,594$28,049,474$21,329,028$57,003,133
81$76,024,314$29,367,682$21,987,334$62,154,210
82$83,720,808$30,748,712$22,665,923$67,803,395
83$92,200,516$32,195,585$23,365,418$74,000,319
84$101,543,271$33,711,471$24,086,462$80,799,624
85$111,837,044$35,299,692$24,829,717$88,261,468
86$123,178,777$36,963,731$25,595,867$96,452,091
87$135,675,298$38,707,240$26,385,615$105,444,426
88$149,444,332$40,534,048$27,199,686$115,318,783
89$164,615,607$42,448,170$28,038,829$126,163,599
90$181,332,082$44,453,813$28,903,813$138,076,263
91$199,751,297$46,555,393$29,795,433$151,164,023
92$220,046,858$48,757,535$30,714,509$165,544,993
93$242,410,074$51,065,092$31,661,882$181,349,255
94$267,051,770$53,483,149$32,638,423$198,720,076
95$294,204,268$56,017,041$33,645,028$217,815,253
96$324,123,588$58,672,361$34,682,620$238,808,583
97$357,091,858$61,454,971$35,752,153$261,891,500
98$393,419,984$64,371,020$36,854,606$287,274,863
99$433,450,578$67,426,956$37,990,991$315,190,934
100$477,561,198$70,629,538$39,162,350$345,895,561