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

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$968,744
2 years$511,009$501,492$492,268$483,326$474,651$446,632
3 years$337,289$327,731$318,530$309,671$301,138$274,000
4 years$250,446$240,917$231,808$223,101$214,774$188,726
5 years$198,353$188,882$179,893$171,363$163,268$138,381
6 years$163,636$154,236$145,380$137,040$129,188$105,486
7 years$138,848$129,527$120,812$112,668$105,065$82,547
8 years$120,266$111,029$102,458$94,515$87,161$65,816
9 years$105,820$96,670$88,247$80,506$73,402$53,209
10 years$94,271$85,210$76,936$69,397$62,543$43,474
11 years$84,827$75,858$67,733$60,396$53,789$35,814
12 years$76,963$68,086$60,111$52,975$46,612$29,697
13 years$70,314$61,530$53,705$46,769$40,647$24,755
14 years$64,620$55,929$48,255$41,516$35,631$20,723
15 years$59,690$51,092$43,567$37,025$31,372$17,409
16 years$55,380$46,876$39,500$33,152$27,727$14,666
17 years$51,581$43,171$35,944$29,787$24,584$12,386
18 years$48,208$39,892$32,812$26,844$21,859$10,481
19 years$45,193$36,971$30,038$24,256$19,484$8,883
20 years$42,484$34,356$27,567$21,968$17,403$7,540
21 years$40,035$32,001$25,356$19,938$15,574$6,407
22 years$37,812$29,872$23,370$18,128$13,960$5,450
23 years$35,786$27,938$21,578$16,509$12,531$4,640
24 years$33,931$26,176$19,956$15,058$11,263$3,953
25 years$32,227$24,565$18,483$13,752$10,135$3,370
26 years$30,657$23,087$17,142$12,574$9,129$2,874
27 years$29,205$21,728$15,918$11,509$8,231$2,452
28 years$27,860$20,474$14,798$10,545$7,427$2,093
29 years$26,609$19,315$13,771$9,670$6,706$1,787
30 years$25,445$18,241$12,827$8,874$6,060$1,526
31 years$24,357$17,244$11,958$8,150$5,478$1,304
32 years$23,340$16,316$11,157$7,490$4,956$1,114
33 years$22,386$15,452$10,418$6,888$4,485$952
34 years$21,490$14,645$9,734$6,338$4,061$814
35 years$20,647$13,890$9,100$5,834$3,678$696
36 years$19,853$13,184$8,513$5,373$3,332$595
37 years$19,103$12,522$7,968$4,951$3,020$509
38 years$18,395$11,900$7,462$4,563$2,738$435
39 years$17,725$11,316$6,991$4,207$2,483$372
40 years$17,089$10,766$6,552$3,881$2,252$318
41 years$16,487$10,248$6,144$3,580$2,043$272
42 years$15,914$9,760$5,763$3,304$1,854$233
43 years$15,370$9,299$5,408$3,050$1,683$199
44 years$14,852$8,864$5,077$2,816$1,527$170
45 years$14,358$8,453$4,767$2,601$1,387$145
46 years$13,887$8,064$4,477$2,403$1,259$124
47 years$13,438$7,695$4,206$2,220$1,143$106
48 years$13,008$7,346$3,953$2,051$1,038$91
49 years$12,597$7,015$3,715$1,896$943$78
50 years$12,204$6,701$3,493$1,752$856$67

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 $4,528 every year, while hoping to spend $44,271 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: 74/14/12 Blend
62$12,500,000$12,500,000$12,500,000$12,500,000
63$13,779,671$13,117,171$12,923,421$14,765,793
64$15,138,093$13,712,808$13,309,251$16,013,356
65$16,633,591$14,336,148$13,706,523$17,373,846
66$18,280,099$14,988,501$14,115,574$18,863,208
67$20,092,972$15,671,240$14,536,748$20,494,207
68$22,089,129$16,385,806$14,970,404$22,280,897
69$24,287,215$17,133,705$15,416,907$24,238,749
70$26,707,773$17,916,518$15,876,636$26,384,795
71$29,373,441$18,735,903$16,349,978$28,737,787
72$32,309,164$19,593,593$16,837,333$31,318,371
73$35,542,428$20,491,409$17,339,114$34,149,282
74$39,103,524$21,431,256$17,855,742$37,255,552
75$43,025,828$22,415,133$18,387,655$40,664,747
76$47,346,120$23,445,132$18,935,299$44,407,224
77$52,104,930$24,523,449$19,499,136$48,516,413
78$57,346,917$25,652,382$20,079,642$53,029,130
79$63,121,297$26,834,343$20,677,304$57,985,923
80$69,482,300$28,071,857$21,292,625$63,431,452
81$76,489,689$29,367,572$21,926,122$69,414,903
82$84,209,317$30,724,263$22,578,327$75,990,453
83$92,713,755$32,144,839$23,249,789$83,217,776
84$102,082,970$33,632,349$23,941,069$91,162,603
85$112,405,087$35,189,988$24,652,748$99,897,338
86$123,777,213$36,821,104$25,385,423$109,501,737
87$136,306,361$38,529,210$26,139,706$120,063,659
88$150,110,454$40,317,986$26,916,230$131,679,886
89$165,319,440$42,191,288$27,715,645$144,457,037
90$182,076,522$44,153,159$28,538,617$158,512,566
91$200,539,503$46,207,840$29,385,836$173,975,866
92$220,882,279$48,359,771$30,258,009$190,989,490
93$243,296,483$50,613,611$31,155,864$209,710,481
94$267,993,289$52,974,242$32,080,150$230,311,859
95$295,205,406$55,446,782$33,031,637$252,984,242
96$325,189,279$58,036,596$34,011,118$277,937,641
97$358,227,503$60,749,307$35,019,408$305,403,435
98$394,631,498$63,590,812$36,057,348$335,636,550
99$434,744,441$66,567,292$37,125,799$368,917,855
100$478,944,510$69,685,226$38,225,650$405,556,811