Can I retire at age 63 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$960,994
2 years$506,921$497,480$488,330$479,459$470,854$443,059
3 years$334,590$325,109$315,982$307,194$298,729$271,808
4 years$248,442$238,989$229,954$221,316$213,056$187,216
5 years$196,766$187,371$178,454$169,992$161,962$137,274
6 years$162,327$153,002$144,217$135,944$128,155$104,642
7 years$137,738$128,491$119,845$111,767$104,224$81,886
8 years$119,304$110,140$101,638$93,759$86,464$65,289
9 years$104,974$95,897$87,541$79,861$72,815$52,783
10 years$93,517$84,529$76,320$68,841$62,042$43,126
11 years$84,149$75,251$67,191$59,913$53,358$35,527
12 years$76,348$67,541$59,630$52,551$46,239$29,460
13 years$69,752$61,037$53,276$46,395$40,322$24,557
14 years$64,103$55,481$47,869$41,184$35,346$20,557
15 years$59,212$50,683$43,219$36,729$31,121$17,269
16 years$54,937$46,501$39,184$32,887$27,505$14,549
17 years$51,168$42,826$35,656$29,549$24,388$12,287
18 years$47,822$39,573$32,549$26,629$21,684$10,397
19 years$44,832$36,676$29,797$24,062$19,328$8,812
20 years$42,144$34,081$27,347$21,793$17,264$7,479
21 years$39,715$31,745$25,154$19,778$15,449$6,356
22 years$37,510$29,633$23,183$17,983$13,848$5,406
23 years$35,499$27,715$21,405$16,377$12,431$4,603
24 years$33,659$25,967$19,796$14,937$11,173$3,921
25 years$31,969$24,369$18,335$13,641$10,054$3,343
26 years$30,411$22,903$17,005$12,473$9,056$2,851
27 years$28,972$21,554$15,791$11,417$8,165$2,433
28 years$27,637$20,310$14,680$10,460$7,368$2,076
29 years$26,397$19,160$13,661$9,592$6,653$1,773
30 years$25,241$18,095$12,724$8,803$6,011$1,514
31 years$24,162$17,106$11,863$8,085$5,435$1,294
32 years$23,153$16,186$11,068$7,431$4,916$1,105
33 years$22,207$15,328$10,334$6,833$4,449$945
34 years$21,318$14,527$9,656$6,287$4,028$807
35 years$20,482$13,779$9,027$5,787$3,648$690
36 years$19,694$13,078$8,445$5,330$3,306$590
37 years$18,951$12,421$7,904$4,911$2,996$504
38 years$18,248$11,805$7,402$4,527$2,716$431
39 years$17,583$11,225$6,935$4,174$2,463$369
40 years$16,953$10,680$6,500$3,850$2,234$315
41 years$16,355$10,166$6,095$3,552$2,027$270
42 years$15,787$9,682$5,717$3,278$1,839$231
43 years$15,247$9,225$5,365$3,026$1,669$197
44 years$14,733$8,793$5,036$2,794$1,515$169
45 years$14,243$8,385$4,729$2,580$1,375$144
46 years$13,776$7,999$4,441$2,383$1,249$123
47 years$13,330$7,634$4,172$2,202$1,134$106
48 years$12,904$7,287$3,921$2,035$1,030$90
49 years$12,497$6,959$3,685$1,880$935$77
50 years$12,107$6,648$3,465$1,738$850$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,400,000, adding $3,138 every year, while hoping to spend $27,705 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: 58/20/22 Blend
62$12,400,000$12,400,000$12,400,000$12,400,000
63$13,668,037$13,010,837$12,818,637$14,380,062
64$15,032,699$13,618,890$13,218,583$15,473,302
65$16,535,628$14,255,809$13,630,999$16,661,382
66$18,190,897$14,922,979$14,056,274$17,956,104
67$20,014,017$15,621,853$14,494,806$19,367,777
68$22,022,075$16,353,953$14,947,011$20,907,738
69$24,233,904$17,120,874$15,413,314$22,588,454
70$26,670,255$17,924,290$15,894,153$24,423,640
71$29,353,996$18,765,955$16,389,982$26,428,383
72$32,310,325$19,647,708$16,901,267$28,619,281
73$35,567,009$20,571,476$17,428,490$31,014,595
74$39,154,647$21,539,282$17,972,148$33,634,421
75$43,106,958$22,553,244$18,532,752$36,500,871
76$47,461,099$23,615,584$19,110,831$39,638,280
77$52,258,015$24,728,632$19,706,927$43,073,432
78$57,542,827$25,894,829$20,321,604$46,835,805
79$63,365,256$27,116,736$20,955,438$50,957,850
80$69,780,095$28,397,039$21,609,028$55,475,285
81$76,847,722$29,738,551$22,282,987$60,427,433
82$84,634,673$31,144,224$22,977,951$65,857,585
83$93,214,271$32,617,152$23,694,574$71,813,403
84$102,667,314$34,160,580$24,433,530$78,347,365
85$113,082,841$35,777,909$25,195,513$85,517,253
86$124,558,970$37,472,706$25,981,243$93,386,692
87$137,203,828$39,248,711$26,791,457$102,025,744
88$151,136,566$41,109,846$27,626,919$111,511,562
89$166,488,489$43,060,221$28,488,413$121,929,113
90$183,404,291$45,104,149$29,376,752$133,371,969
91$202,043,426$47,246,149$30,292,770$145,943,184
92$222,581,607$49,490,962$31,237,330$159,756,258
93$245,212,470$51,843,558$32,211,319$174,936,200
94$270,149,399$54,309,149$33,215,655$191,620,698
95$297,627,539$56,893,199$34,251,282$209,961,410
96$327,906,022$59,601,440$35,319,173$230,125,386
97$361,270,404$62,439,879$36,420,334$252,296,631
98$398,035,370$65,414,817$37,555,799$276,677,836
99$438,547,697$68,532,862$38,726,637$303,492,278
100$483,189,531$71,800,942$39,933,949$332,985,913