Can I retire at age 63 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$997,170
2 years$519,185$509,516$500,145$491,059$482,246$466,622
3 years$342,685$332,974$323,627$314,626$305,956$290,740
4 years$254,453$244,771$235,517$226,670$218,211$203,519
5 years$201,527$191,904$182,771$174,105$165,880$151,756
6 years$166,255$156,704$147,706$139,233$131,255$117,714
7 years$141,070$131,600$122,745$114,471$106,746$93,793
8 years$122,190$112,805$104,097$96,027$88,556$76,189
9 years$107,513$98,217$89,659$81,794$74,577$62,789
10 years$95,779$86,574$78,167$70,507$63,543$52,326
11 years$86,184$77,071$68,817$61,362$54,649$43,991
12 years$78,195$69,175$61,073$53,823$47,358$37,245
13 years$71,439$62,514$54,565$47,517$41,297$31,715
14 years$65,654$56,824$49,027$42,181$36,201$27,135
15 years$60,645$51,909$44,264$37,618$31,874$23,307
16 years$56,266$47,626$40,132$33,683$28,170$20,086
17 years$52,406$43,862$36,519$30,264$24,978$17,358
18 years$48,979$40,530$33,337$27,274$22,209$15,037
19 years$45,916$37,563$30,518$24,644$19,795$13,052
20 years$43,163$34,905$28,008$22,320$17,682$11,348
21 years$40,676$32,513$25,762$20,257$15,823$9,882
22 years$38,417$30,350$23,744$18,418$14,183$8,616
23 years$36,358$28,385$21,923$16,774$12,732$7,521
24 years$34,474$26,595$20,275$15,299$11,443$6,571
25 years$32,743$24,958$18,779$13,972$10,297$5,746
26 years$31,147$23,457$17,417$12,775$9,276$5,028
27 years$29,672$22,076$16,173$11,693$8,363$4,403
28 years$28,306$20,802$15,035$10,713$7,546$3,857
29 years$27,035$19,624$13,991$9,824$6,814$3,381
30 years$25,852$18,533$13,032$9,016$6,157$2,965
31 years$24,747$17,520$12,150$8,281$5,566$2,601
32 years$23,713$16,577$11,336$7,610$5,035$2,282
33 years$22,744$15,699$10,584$6,998$4,557$2,003
34 years$21,834$14,879$9,889$6,439$4,126$1,759
35 years$20,977$14,112$9,246$5,927$3,737$1,544
36 years$20,171$13,395$8,649$5,459$3,386$1,356
37 years$19,409$12,722$8,095$5,030$3,068$1,192
38 years$18,689$12,090$7,581$4,636$2,782$1,047
39 years$18,008$11,497$7,103$4,275$2,523$920
40 years$17,363$10,938$6,657$3,943$2,288$808
41 years$16,751$10,412$6,242$3,638$2,076$710
42 years$16,169$9,916$5,856$3,357$1,884$624
43 years$15,616$9,448$5,495$3,099$1,710$549
44 years$15,089$9,006$5,158$2,861$1,552$483
45 years$14,588$8,588$4,843$2,643$1,409$424
46 years$14,109$8,193$4,549$2,441$1,279$373
47 years$13,653$7,818$4,273$2,255$1,161$328
48 years$13,216$7,464$4,016$2,084$1,055$288
49 years$12,799$7,127$3,775$1,926$958$254
50 years$12,400$6,808$3,549$1,780$870$223

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,700,000, adding $6,839 every year, while hoping to spend $33,296 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: 31/48/21 Blend
62$12,700,000$12,700,000$12,700,000$12,700,000
63$14,002,454$13,329,354$13,132,504$14,344,890
64$15,395,278$13,947,066$13,537,017$15,222,171
65$16,929,054$14,593,930$13,953,964$16,162,409
66$18,618,124$15,271,339$14,383,728$17,173,864
67$20,478,291$15,980,753$14,826,702$18,262,753
68$22,526,971$16,723,704$15,283,291$19,435,886
69$24,783,353$17,501,796$15,753,912$20,700,716
70$27,268,583$18,316,712$16,238,995$22,065,408
71$30,005,962$19,170,215$16,738,985$23,538,905
72$33,021,167$20,064,152$17,254,338$25,131,011
73$36,342,492$21,000,462$17,785,526$26,852,469
74$40,001,118$21,981,177$18,333,032$28,715,057
75$44,031,402$23,008,424$18,897,359$30,731,696
76$48,471,205$24,084,437$19,479,020$32,916,554
77$53,362,250$25,211,556$20,078,549$35,285,179
78$58,750,510$26,392,233$20,696,491$37,854,630
79$64,686,650$27,629,041$21,333,412$40,643,633
80$71,226,500$28,924,675$21,989,893$43,672,744
81$78,431,581$30,281,963$22,666,532$46,964,533
82$86,369,691$31,703,867$23,363,949$50,543,789
83$95,115,536$33,193,494$24,082,779$54,437,734
84$104,751,447$34,754,101$24,823,678$58,676,277
85$115,368,145$36,389,102$25,587,322$63,292,276
86$127,065,607$38,102,079$26,374,407$68,321,838
87$139,954,001$39,896,783$27,185,653$73,804,647
88$154,154,734$41,777,151$28,021,797$79,784,319
89$169,801,593$43,747,307$28,883,603$86,308,800
90$187,042,009$45,811,578$29,771,857$93,430,805
91$206,038,447$47,974,499$30,687,368$101,208,296
92$226,969,944$50,240,825$31,630,970$109,705,009
93$250,033,795$52,615,541$32,603,524$118,991,042
94$275,447,415$55,103,876$33,605,915$129,143,494
95$303,450,394$57,711,309$34,639,056$140,247,170
96$334,306,759$60,443,588$35,703,889$152,395,366
97$368,307,463$63,306,738$36,801,383$165,690,722
98$405,773,132$66,307,076$37,932,538$180,246,168
99$447,057,097$69,451,228$39,098,383$196,185,967
100$492,548,722$72,746,140$40,299,980$213,646,864