Can I retire at age 63 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$989,727
2 years$515,097$505,504$496,207$487,192$478,448$463,355
3 years$339,987$330,352$321,079$312,149$303,547$288,845
4 years$252,449$242,844$233,663$224,886$216,493$202,295
5 years$199,940$190,393$181,332$172,734$164,574$150,922
6 years$164,946$155,470$146,543$138,137$130,222$117,131
7 years$139,959$130,563$121,778$113,570$105,905$93,380
8 years$121,228$111,917$103,277$95,271$87,859$75,897
9 years$106,667$97,444$88,953$81,150$73,990$62,586
10 years$95,025$85,892$77,551$69,952$63,043$52,188
11 years$85,506$76,465$68,275$60,879$54,219$43,903
12 years$77,579$68,630$60,592$53,399$46,985$37,194
13 years$70,877$62,022$54,135$47,143$40,972$31,693
14 years$65,137$56,376$48,641$41,849$35,916$27,134
15 years$60,167$51,501$43,916$37,322$31,623$23,323
16 years$55,823$47,251$39,816$33,417$27,949$20,113
17 years$51,993$43,516$36,231$30,025$24,781$17,394
18 years$48,593$40,211$33,074$27,059$22,034$15,078
19 years$45,555$37,267$30,278$24,450$19,640$13,098
20 years$42,823$34,630$27,788$22,144$17,542$11,397
21 years$40,355$32,257$25,559$20,097$15,698$9,932
22 years$38,115$30,111$23,557$18,273$14,071$8,666
23 years$36,072$28,162$21,751$16,642$12,631$7,570
24 years$34,202$26,386$20,116$15,178$11,353$6,619
25 years$32,485$24,762$18,631$13,862$10,216$5,793
26 years$30,902$23,272$17,279$12,674$9,202$5,073
27 years$29,439$21,902$16,045$11,601$8,297$4,446
28 years$28,083$20,638$14,916$10,629$7,486$3,898
29 years$26,822$19,470$13,881$9,747$6,760$3,420
30 years$25,648$18,387$12,930$8,945$6,108$3,001
31 years$24,552$17,382$12,054$8,216$5,522$2,635
32 years$23,526$16,447$11,246$7,550$4,995$2,314
33 years$22,565$15,575$10,501$6,943$4,521$2,033
34 years$21,662$14,762$9,811$6,388$4,093$1,786
35 years$20,812$14,001$9,173$5,881$3,707$1,570
36 years$20,012$13,289$8,581$5,416$3,359$1,380
37 years$19,256$12,622$8,032$4,990$3,044$1,213
38 years$18,542$11,995$7,521$4,600$2,760$1,067
39 years$17,867$11,406$7,047$4,241$2,503$938
40 years$17,226$10,852$6,605$3,912$2,270$825
41 years$16,619$10,330$6,193$3,609$2,060$726
42 years$16,042$9,838$5,810$3,331$1,869$639
43 years$15,493$9,374$5,451$3,075$1,696$562
44 years$14,971$8,935$5,117$2,839$1,540$494
45 years$14,473$8,520$4,805$2,622$1,398$435
46 years$13,998$8,128$4,513$2,422$1,269$383
47 years$13,545$7,757$4,240$2,237$1,152$337
48 years$13,112$7,405$3,984$2,068$1,046$296
49 years$12,698$7,071$3,745$1,911$950$261
50 years$12,302$6,755$3,521$1,766$863$230

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,600,000, adding $6,544 every year, while hoping to spend $51,463 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: 54/18/28 Blend
62$12,600,000$12,600,000$12,600,000$12,600,000
63$13,891,950$13,224,150$13,028,850$14,533,600
64$15,254,173$13,817,377$13,410,560$15,571,211
65$16,753,617$14,437,948$13,803,333$16,694,463
66$18,404,226$15,087,147$14,207,485$17,916,373
67$20,221,362$15,766,322$14,623,340$19,246,431
68$22,221,952$16,476,883$15,051,233$20,695,073
69$24,424,650$17,220,309$15,491,509$22,273,778
70$26,850,010$17,998,149$15,944,519$23,995,172
71$29,520,678$18,812,026$16,410,628$25,873,144
72$32,461,611$19,663,639$16,890,208$27,922,975
73$35,700,309$20,554,771$17,383,643$30,161,475
74$39,267,074$21,487,289$17,891,329$32,607,145
75$43,195,297$22,463,147$18,413,670$35,280,341
76$47,521,773$23,484,397$18,951,083$38,203,467
77$52,287,047$24,553,185$19,503,998$41,401,180
78$57,535,797$25,671,763$20,072,853$44,900,621
79$63,317,257$26,842,488$20,658,102$48,731,663
80$69,685,680$28,067,832$21,260,211$52,927,193
81$76,700,848$29,350,385$21,879,658$57,523,414
82$84,428,642$30,692,861$22,516,933$62,560,185
83$92,941,656$32,098,104$23,172,543$68,081,389
84$102,319,889$33,569,095$23,847,007$74,135,344
85$112,651,494$35,108,957$24,540,858$80,775,254
86$124,033,614$36,720,964$25,254,645$88,059,703
87$136,573,298$38,408,547$25,988,931$96,053,206
88$150,388,510$40,175,301$26,744,296$104,826,806
89$165,609,243$42,024,996$27,521,335$114,458,744
90$182,378,745$43,961,580$28,320,659$125,035,189
91$200,854,874$45,989,194$29,142,897$136,651,040
92$221,211,583$48,112,176$29,988,696$149,410,821
93$243,640,565$50,335,074$30,858,718$163,429,655
94$268,353,064$52,662,654$31,753,647$178,834,348
95$295,581,865$55,099,912$32,674,182$195,764,571
96$325,583,491$57,652,084$33,621,044$214,374,173
97$358,640,631$60,324,659$34,594,972$234,832,628
98$395,064,799$63,123,391$35,596,727$257,326,618
99$435,199,281$66,054,310$36,627,090$282,061,791
100$479,422,373$69,123,737$37,686,863$309,264,689