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%16.6%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$954,399
2 years$502,833$493,468$484,392$475,592$467,057$440,627
3 years$331,892$322,487$313,434$304,717$296,320$270,709
4 years$246,438$237,062$228,100$219,531$211,338$186,742
5 years$195,180$185,859$177,015$168,621$160,656$137,142
6 years$161,018$151,768$143,054$134,848$127,121$104,713
7 years$136,627$127,455$118,879$110,866$103,384$82,082
8 years$118,342$109,252$100,818$93,002$85,767$65,560
9 years$104,127$95,124$86,835$79,217$72,228$53,099
10 years$92,762$83,847$75,705$68,286$61,542$43,465
11 years$83,470$74,644$66,649$59,429$52,928$35,876
12 years$75,732$66,996$59,149$52,128$45,866$29,807
13 years$69,189$60,545$52,846$46,021$39,996$24,897
14 years$63,586$55,034$47,482$40,852$35,061$20,885
15 years$58,735$50,274$42,870$36,433$30,870$17,582
16 years$54,494$46,126$38,868$32,622$27,283$14,844
17 years$50,755$42,480$35,369$29,310$24,191$12,563
18 years$47,436$39,254$32,287$26,415$21,510$10,654
19 years$44,470$36,380$29,557$23,868$19,172$9,051
20 years$41,804$33,806$27,126$21,617$17,125$7,700
21 years$39,395$31,489$24,951$19,619$15,325$6,558
22 years$37,207$29,394$22,996$17,838$13,736$5,592
23 years$35,213$27,491$21,233$16,245$12,331$4,772
24 years$33,388$25,758$19,637$14,817$11,083$4,075
25 years$31,711$24,172$18,187$13,531$9,973$3,482
26 years$30,166$22,718$16,868$12,372$8,983$2,977
27 years$28,738$21,380$15,663$11,325$8,099$2,546
28 years$27,414$20,147$14,561$10,376$7,308$2,179
29 years$26,184$19,006$13,550$9,515$6,599$1,865
30 years$25,037$17,949$12,622$8,732$5,963$1,597
31 years$23,967$16,968$11,767$8,020$5,391$1,367
32 years$22,966$16,055$10,979$7,371$4,876$1,171
33 years$22,027$15,204$10,251$6,778$4,413$1,004
34 years$21,146$14,410$9,578$6,236$3,996$860
35 years$20,317$13,668$8,955$5,741$3,619$737
36 years$19,535$12,973$8,377$5,287$3,279$632
37 years$18,798$12,321$7,841$4,871$2,972$541
38 years$18,101$11,710$7,342$4,490$2,694$464
39 years$17,441$11,135$6,879$4,140$2,443$398
40 years$16,816$10,594$6,448$3,819$2,216$341
41 years$16,223$10,084$6,046$3,523$2,010$292
42 years$15,660$9,604$5,671$3,251$1,824$251
43 years$15,124$9,151$5,322$3,001$1,656$215
44 years$14,614$8,722$4,995$2,771$1,503$184
45 years$14,128$8,318$4,690$2,559$1,364$158
46 years$13,665$7,935$4,405$2,364$1,239$136
47 years$13,223$7,572$4,139$2,184$1,125$116
48 years$12,800$7,229$3,889$2,018$1,022$100
49 years$12,396$6,903$3,656$1,865$928$85
50 years$12,009$6,594$3,437$1,724$843$73

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 $5,393 every year, while hoping to spend $46,627 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: 25/45/30 Blend
62$12,300,000$12,300,000$12,300,000$12,300,000
63$13,560,163$12,908,263$12,717,613$13,771,946
64$14,893,689$13,491,157$13,094,042$14,534,377
65$16,361,671$14,101,050$13,481,519$15,346,934
66$17,977,776$14,739,216$13,880,364$16,217,172
67$19,757,061$15,406,990$14,290,908$17,149,972
68$21,716,118$16,105,769$14,713,491$18,150,671
69$23,873,230$16,837,019$15,148,460$19,225,107
70$26,248,542$17,602,275$15,596,176$20,379,664
71$28,864,254$18,403,147$16,057,008$21,621,333
72$31,744,826$19,241,320$16,531,337$22,957,768
73$34,917,214$20,118,561$17,019,552$24,397,349
74$38,411,120$21,036,720$17,522,057$25,949,258
75$42,259,273$21,997,738$18,039,265$27,623,556
76$46,497,740$23,003,648$18,571,601$29,431,271
77$51,166,263$24,056,581$19,119,503$31,384,493
78$56,308,637$25,158,768$19,683,422$33,496,482
79$61,973,120$26,312,550$20,263,819$35,781,781
80$68,212,892$27,520,378$20,861,170$38,256,346
81$75,086,554$28,784,824$21,475,967$40,937,687
82$82,658,682$30,108,580$22,108,711$43,845,022
83$91,000,436$31,494,469$22,759,921$46,999,449
84$100,190,232$32,945,449$23,430,130$50,424,133
85$110,314,481$34,464,621$24,119,884$54,144,515
86$121,468,406$36,055,236$24,829,748$58,188,537
87$133,756,939$37,720,698$25,560,301$62,586,895
88$147,295,714$39,464,580$26,312,138$67,373,318
89$162,212,154$41,290,622$27,085,872$72,584,866
90$178,646,678$43,202,746$27,882,133$78,262,272
91$196,754,023$45,205,065$28,701,569$84,450,308
92$216,704,707$47,301,886$29,544,845$91,198,191
93$238,686,637$49,497,728$30,412,647$98,560,037
94$262,906,882$51,797,325$31,305,678$106,595,345
95$289,593,629$54,205,640$32,224,664$115,369,548
96$318,998,338$56,727,874$33,170,349$124,954,611
97$351,398,111$59,369,482$34,143,498$135,429,687
98$387,098,312$62,136,181$35,144,899$146,881,847
99$426,435,447$65,033,961$36,175,360$159,406,878
100$469,780,343$68,069,106$37,235,715$173,110,167