Can I retire at age 63 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$961,784
2 years$511,009$501,492$492,268$483,326$474,651$439,773
3 years$337,289$327,731$318,530$309,671$301,138$267,462
4 years$250,446$240,917$231,808$223,101$214,774$182,557
5 years$198,353$188,882$179,893$171,363$163,268$132,594
6 years$163,636$154,236$145,380$137,040$129,188$100,081
7 years$138,848$129,527$120,812$112,668$105,065$77,519
8 years$120,266$111,029$102,458$94,515$87,161$61,154
9 years$105,820$96,670$88,247$80,506$73,402$48,900
10 years$94,271$85,210$76,936$69,397$62,543$39,504
11 years$84,827$75,858$67,733$60,396$53,789$32,168
12 years$76,963$68,086$60,111$52,975$46,612$26,357
13 years$70,314$61,530$53,705$46,769$40,647$21,704
14 years$64,620$55,929$48,255$41,516$35,631$17,944
15 years$59,690$51,092$43,567$37,025$31,372$14,883
16 years$55,380$46,876$39,500$33,152$27,727$12,377
17 years$51,581$43,171$35,944$29,787$24,584$10,315
18 years$48,208$39,892$32,812$26,844$21,859$8,612
19 years$45,193$36,971$30,038$24,256$19,484$7,201
20 years$42,484$34,356$27,567$21,968$17,403$6,029
21 years$40,035$32,001$25,356$19,938$15,574$5,052
22 years$37,812$29,872$23,370$18,128$13,960$4,238
23 years$35,786$27,938$21,578$16,509$12,531$3,557
24 years$33,931$26,176$19,956$15,058$11,263$2,987
25 years$32,227$24,565$18,483$13,752$10,135$2,510
26 years$30,657$23,087$17,142$12,574$9,129$2,110
27 years$29,205$21,728$15,918$11,509$8,231$1,774
28 years$27,860$20,474$14,798$10,545$7,427$1,492
29 years$26,609$19,315$13,771$9,670$6,706$1,256
30 years$25,445$18,241$12,827$8,874$6,060$1,057
31 years$24,357$17,244$11,958$8,150$5,478$889
32 years$23,340$16,316$11,157$7,490$4,956$749
33 years$22,386$15,452$10,418$6,888$4,485$630
34 years$21,490$14,645$9,734$6,338$4,061$531
35 years$20,647$13,890$9,100$5,834$3,678$447
36 years$19,853$13,184$8,513$5,373$3,332$376
37 years$19,103$12,522$7,968$4,951$3,020$317
38 years$18,395$11,900$7,462$4,563$2,738$267
39 years$17,725$11,316$6,991$4,207$2,483$225
40 years$17,089$10,766$6,552$3,881$2,252$189
41 years$16,487$10,248$6,144$3,580$2,043$160
42 years$15,914$9,760$5,763$3,304$1,854$134
43 years$15,370$9,299$5,408$3,050$1,683$113
44 years$14,852$8,864$5,077$2,816$1,527$95
45 years$14,358$8,453$4,767$2,601$1,387$80
46 years$13,887$8,064$4,477$2,403$1,259$68
47 years$13,438$7,695$4,206$2,220$1,143$57
48 years$13,008$7,346$3,953$2,051$1,038$48
49 years$12,597$7,015$3,715$1,896$943$40
50 years$12,204$6,701$3,493$1,752$856$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,500,000, adding $2,910 every year, while hoping to spend $48,463 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: 48/46/6 Blend
62$12,500,000$12,500,000$12,500,000$12,500,000
63$13,778,002$13,115,502$12,921,752$14,417,823
64$15,131,794$13,706,597$13,303,066$15,446,808
65$16,622,048$14,325,032$13,695,530$16,557,969
66$18,262,633$14,972,094$14,099,467$17,763,178
67$20,068,829$15,649,135$14,515,207$19,071,189
68$22,057,475$16,357,567$14,943,091$20,491,615
69$24,247,124$17,098,875$15,383,471$22,035,005
70$26,658,220$17,874,609$15,836,707$23,712,946
71$29,313,292$18,686,398$16,303,170$25,538,162
72$32,237,163$19,535,947$16,783,241$27,524,632
73$35,457,186$20,425,041$17,277,313$29,687,710
74$39,003,506$21,355,555$17,785,789$32,044,269
75$42,909,334$22,329,448$18,309,084$34,612,851
76$47,211,273$23,348,778$18,847,625$37,413,835
77$51,949,653$24,415,698$19,401,850$40,469,621
78$57,168,917$25,532,466$19,972,212$43,804,834
79$62,918,038$26,701,448$20,559,172$47,446,552
80$69,250,983$27,925,125$21,163,210$51,424,546
81$76,227,220$29,206,093$21,784,815$55,771,557
82$83,912,282$30,547,077$22,424,491$60,523,594
83$92,378,382$31,950,931$23,082,759$65,720,266
84$101,705,096$33,420,645$23,760,150$71,405,141
85$111,980,114$34,959,355$24,457,214$77,626,150
86$123,300,069$36,570,347$25,174,513$84,436,030
87$135,771,446$38,257,063$25,912,629$91,892,805
88$149,511,588$40,023,114$26,672,157$100,060,323
89$164,649,805$41,872,283$27,453,710$109,008,847
90$181,328,594$43,808,533$28,257,918$118,815,706
91$199,704,982$45,836,022$29,085,429$129,566,006
92$219,952,008$47,959,106$29,936,909$141,353,422
93$242,260,361$50,182,349$30,813,043$154,281,066
94$266,840,172$52,510,539$31,714,535$168,462,443
95$293,923,006$54,948,692$32,642,108$184,022,506
96$323,764,041$57,502,066$33,596,507$201,098,820
97$356,644,479$60,176,174$34,578,496$219,842,835
98$392,874,202$62,976,792$35,588,862$240,421,305
99$432,794,695$65,909,978$36,628,413$263,017,834
100$476,782,268$68,982,082$37,697,979$287,834,590