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

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$962,547
2 years$506,921$497,480$488,330$479,459$470,854$444,595
3 years$334,590$325,109$315,982$307,194$298,729$273,278
4 years$248,442$238,989$229,954$221,316$213,056$188,609
5 years$196,766$187,371$178,454$169,992$161,962$138,587
6 years$162,327$153,002$144,217$135,944$128,155$105,874
7 years$137,738$128,491$119,845$111,767$104,224$83,039
8 years$119,304$110,140$101,638$93,759$86,464$66,364
9 years$104,974$95,897$87,541$79,861$72,815$53,782
10 years$93,517$84,529$76,320$68,841$62,042$44,052
11 years$84,149$75,251$67,191$59,913$53,358$36,383
12 years$76,348$67,541$59,630$52,551$46,239$30,249
13 years$69,752$61,037$53,276$46,395$40,322$25,283
14 years$64,103$55,481$47,869$41,184$35,346$21,223
15 years$59,212$50,683$43,219$36,729$31,121$17,879
16 years$54,937$46,501$39,184$32,887$27,505$15,106
17 years$51,168$42,826$35,656$29,549$24,388$12,794
18 years$47,822$39,573$32,549$26,629$21,684$10,858
19 years$44,832$36,676$29,797$24,062$19,328$9,231
20 years$42,144$34,081$27,347$21,793$17,264$7,859
21 years$39,715$31,745$25,154$19,778$15,449$6,699
22 years$37,510$29,633$23,183$17,983$13,848$5,716
23 years$35,499$27,715$21,405$16,377$12,431$4,882
24 years$33,659$25,967$19,796$14,937$11,173$4,172
25 years$31,969$24,369$18,335$13,641$10,054$3,568
26 years$30,411$22,903$17,005$12,473$9,056$3,053
27 years$28,972$21,554$15,791$11,417$8,165$2,613
28 years$27,637$20,310$14,680$10,460$7,368$2,238
29 years$26,397$19,160$13,661$9,592$6,653$1,917
30 years$25,241$18,095$12,724$8,803$6,011$1,643
31 years$24,162$17,106$11,863$8,085$5,435$1,408
32 years$23,153$16,186$11,068$7,431$4,916$1,207
33 years$22,207$15,328$10,334$6,833$4,449$1,035
34 years$21,318$14,527$9,656$6,287$4,028$888
35 years$20,482$13,779$9,027$5,787$3,648$761
36 years$19,694$13,078$8,445$5,330$3,306$653
37 years$18,951$12,421$7,904$4,911$2,996$560
38 years$18,248$11,805$7,402$4,527$2,716$481
39 years$17,583$11,225$6,935$4,174$2,463$412
40 years$16,953$10,680$6,500$3,850$2,234$354
41 years$16,355$10,166$6,095$3,552$2,027$304
42 years$15,787$9,682$5,717$3,278$1,839$261
43 years$15,247$9,225$5,365$3,026$1,669$224
44 years$14,733$8,793$5,036$2,794$1,515$192
45 years$14,243$8,385$4,729$2,580$1,375$165
46 years$13,776$7,999$4,441$2,383$1,249$141
47 years$13,330$7,634$4,172$2,202$1,134$121
48 years$12,904$7,287$3,921$2,035$1,030$104
49 years$12,497$6,959$3,685$1,880$935$89
50 years$12,107$6,648$3,465$1,738$850$77

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 $6,562 every year, while hoping to spend $30,939 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: 45/44/11 Blend
62$12,400,000$12,400,000$12,400,000$12,400,000
63$13,671,569$13,014,369$12,822,169$14,243,850
64$15,033,150$13,619,154$13,218,792$15,246,116
65$16,532,575$14,252,537$13,627,666$16,328,582
66$18,183,873$14,915,886$14,049,168$17,501,630
67$20,002,499$15,610,635$14,483,686$18,773,632
68$22,005,487$16,338,290$14,931,623$20,153,775
69$24,211,606$17,100,425$15,393,391$21,652,140
70$26,641,538$17,898,694$15,869,419$23,279,796
71$29,318,075$18,734,830$16,360,144$25,048,894
72$32,266,329$19,610,648$16,866,019$26,972,778
73$35,513,977$20,528,051$17,387,513$29,066,104
74$39,091,514$21,489,037$17,925,106$31,344,971
75$43,032,546$22,495,697$18,479,294$33,827,066
76$47,374,104$23,550,225$19,050,590$36,531,824
77$52,156,997$24,654,921$19,639,519$39,480,604
78$57,426,193$25,812,194$20,246,625$42,696,879
79$63,231,247$27,024,573$20,872,469$46,206,453
80$69,626,764$28,294,708$21,517,627$50,037,696
81$76,672,921$29,625,376$22,182,695$54,221,798
82$84,436,030$31,019,490$22,868,285$58,793,057
83$92,989,163$32,480,103$23,575,031$63,789,192
84$102,412,847$34,010,417$24,303,584$69,251,687
85$112,795,818$35,613,788$25,054,615$75,226,172
86$124,235,864$37,293,736$25,828,816$81,762,844
87$136,840,742$39,053,950$26,626,902$88,916,924
88$150,729,202$40,898,297$27,449,607$96,749,168
89$166,032,102$42,830,835$28,297,691$105,326,428
90$182,893,647$44,855,816$29,171,933$114,722,267
91$201,472,746$46,977,699$30,073,140$125,017,637
92$221,944,518$49,201,158$31,002,142$136,301,632
93$244,501,939$51,531,095$31,959,795$148,672,310
94$269,357,669$53,972,650$32,946,980$162,237,600
95$296,746,053$56,531,213$33,964,606$177,116,306
96$326,925,341$59,212,432$35,013,611$193,439,208
97$360,180,119$62,022,234$36,094,959$211,350,276
98$396,823,998$64,966,831$37,209,648$231,008,013
99$437,202,576$68,052,737$38,358,702$252,586,922
100$481,696,700$71,286,781$39,543,178$276,279,139