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%17.6%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$981,477
2 years$519,185$509,516$500,145$491,059$482,246$451,047
3 years$342,685$332,974$323,627$314,626$305,956$275,775
4 years$254,453$244,771$235,517$226,670$218,211$189,279
5 years$201,527$191,904$182,771$174,105$165,880$138,276
6 years$166,255$156,704$147,706$139,233$131,255$105,002
7 years$141,070$131,600$122,745$114,471$106,746$81,842
8 years$122,190$112,805$104,097$96,027$88,556$64,986
9 years$107,513$98,217$89,659$81,794$74,577$52,314
10 years$95,779$86,574$78,167$70,507$63,543$42,556
11 years$86,184$77,071$68,817$61,362$54,649$34,900
12 years$78,195$69,175$61,073$53,823$47,358$28,806
13 years$71,439$62,514$54,565$47,517$41,297$23,899
14 years$65,654$56,824$49,027$42,181$36,201$19,910
15 years$60,645$51,909$44,264$37,618$31,874$16,643
16 years$56,266$47,626$40,132$33,683$28,170$13,951
17 years$52,406$43,862$36,519$30,264$24,978$11,721
18 years$48,979$40,530$33,337$27,274$22,209$9,867
19 years$45,916$37,563$30,518$24,644$19,795$8,319
20 years$43,163$34,905$28,008$22,320$17,682$7,024
21 years$40,676$32,513$25,762$20,257$15,823$5,936
22 years$38,417$30,350$23,744$18,418$14,183$5,022
23 years$36,358$28,385$21,923$16,774$12,732$4,252
24 years$34,474$26,595$20,275$15,299$11,443$3,602
25 years$32,743$24,958$18,779$13,972$10,297$3,054
26 years$31,147$23,457$17,417$12,775$9,276$2,590
27 years$29,672$22,076$16,173$11,693$8,363$2,197
28 years$28,306$20,802$15,035$10,713$7,546$1,865
29 years$27,035$19,624$13,991$9,824$6,814$1,583
30 years$25,852$18,533$13,032$9,016$6,157$1,344
31 years$24,747$17,520$12,150$8,281$5,566$1,142
32 years$23,713$16,577$11,336$7,610$5,035$970
33 years$22,744$15,699$10,584$6,998$4,557$824
34 years$21,834$14,879$9,889$6,439$4,126$700
35 years$20,977$14,112$9,246$5,927$3,737$595
36 years$20,171$13,395$8,649$5,459$3,386$506
37 years$19,409$12,722$8,095$5,030$3,068$430
38 years$18,689$12,090$7,581$4,636$2,782$365
39 years$18,008$11,497$7,103$4,275$2,523$311
40 years$17,363$10,938$6,657$3,943$2,288$264
41 years$16,751$10,412$6,242$3,638$2,076$225
42 years$16,169$9,916$5,856$3,357$1,884$191
43 years$15,616$9,448$5,495$3,099$1,710$162
44 years$15,089$9,006$5,158$2,861$1,552$138
45 years$14,588$8,588$4,843$2,643$1,409$117
46 years$14,109$8,193$4,549$2,441$1,279$100
47 years$13,653$7,818$4,273$2,255$1,161$85
48 years$13,216$7,464$4,016$2,084$1,055$72
49 years$12,799$7,127$3,775$1,926$958$61
50 years$12,400$6,808$3,549$1,780$870$52

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 $6,087 every year, while hoping to spend $20,257 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: 85/10/5 Blend
62$12,700,000$12,700,000$12,700,000$12,700,000
63$14,001,679$13,328,579$13,131,729$15,191,537
64$15,408,297$13,960,126$13,550,088$16,599,580
65$16,957,711$14,621,940$13,981,784$18,142,712
66$18,664,465$15,315,482$14,427,241$19,837,265
67$20,544,585$16,042,286$14,886,899$21,698,436
68$22,615,733$16,803,958$15,361,210$23,742,959
69$24,897,369$17,602,183$15,850,642$25,989,264
70$27,410,939$18,438,729$16,355,677$28,457,650
71$30,180,076$19,315,447$16,876,813$31,170,474
72$33,230,821$20,234,281$17,414,563$34,152,360
73$36,591,871$21,197,268$17,969,458$37,430,429
74$40,294,852$22,206,544$18,542,045$41,034,556
75$44,374,610$23,264,348$19,132,887$44,997,647
76$48,869,550$24,373,030$19,742,568$49,355,952
77$53,821,987$25,535,053$20,371,687$54,149,398
78$59,278,558$26,752,998$21,020,867$59,421,971
79$65,290,650$28,029,574$21,690,745$65,222,125
80$71,914,895$29,367,622$22,381,984$71,603,237
81$79,213,698$30,770,119$23,095,264$78,624,110
82$87,255,828$32,240,188$23,831,288$86,349,525
83$96,117,069$33,781,104$24,590,783$94,850,849
84$105,880,933$35,396,300$25,374,497$104,206,707
85$116,639,449$37,089,379$26,183,203$114,503,720
86$128,494,030$38,864,117$27,017,698$125,837,321
87$141,556,436$40,724,474$27,878,806$138,312,651
88$155,949,822$42,674,602$28,767,375$152,045,550
89$171,809,904$44,718,858$29,684,282$167,163,646
90$189,286,240$46,861,808$30,630,432$183,807,555
91$208,543,642$49,108,242$31,606,757$202,132,208
92$229,763,730$51,463,182$32,614,220$222,308,305
93$253,146,650$53,931,897$33,653,815$244,523,926
94$278,912,958$56,519,910$34,726,568$268,986,299
95$307,305,708$59,233,014$35,833,536$295,923,756
96$338,592,743$62,077,285$36,975,812$325,587,879
97$373,069,224$65,059,093$38,154,523$358,255,871
98$411,060,417$68,185,120$39,370,832$394,233,170
99$452,924,762$71,462,374$40,625,937$433,856,326
100$499,057,261$74,898,203$41,921,079$477,496,170