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%18.9%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$976,395
2 years$519,185$509,516$500,145$491,059$482,246$446,046
3 years$342,685$332,974$323,627$314,626$305,956$271,016
4 years$254,453$244,771$235,517$226,670$218,211$184,796
5 years$201,527$191,904$182,771$174,105$165,880$134,079
6 years$166,255$156,704$147,706$139,233$131,255$101,091
7 years$141,070$131,600$122,745$114,471$106,746$78,211
8 years$122,190$112,805$104,097$96,027$88,556$61,627
9 years$107,513$98,217$89,659$81,794$74,577$49,218
10 years$95,779$86,574$78,167$70,507$63,543$39,711
11 years$86,184$77,071$68,817$61,362$54,649$32,294
12 years$78,195$69,175$61,073$53,823$47,358$26,426
13 years$71,439$62,514$54,565$47,517$41,297$21,731
14 years$65,654$56,824$49,027$42,181$36,201$17,940
15 years$60,645$51,909$44,264$37,618$31,874$14,859
16 years$56,266$47,626$40,132$33,683$28,170$12,339
17 years$52,406$43,862$36,519$30,264$24,978$10,269
18 years$48,979$40,530$33,337$27,274$22,209$8,561
19 years$45,916$37,563$30,518$24,644$19,795$7,147
20 years$43,163$34,905$28,008$22,320$17,682$5,974
21 years$40,676$32,513$25,762$20,257$15,823$4,999
22 years$38,417$30,350$23,744$18,418$14,183$4,186
23 years$36,358$28,385$21,923$16,774$12,732$3,508
24 years$34,474$26,595$20,275$15,299$11,443$2,942
25 years$32,743$24,958$18,779$13,972$10,297$2,468
26 years$31,147$23,457$17,417$12,775$9,276$2,071
27 years$29,672$22,076$16,173$11,693$8,363$1,739
28 years$28,306$20,802$15,035$10,713$7,546$1,460
29 years$27,035$19,624$13,991$9,824$6,814$1,227
30 years$25,852$18,533$13,032$9,016$6,157$1,031
31 years$24,747$17,520$12,150$8,281$5,566$866
32 years$23,713$16,577$11,336$7,610$5,035$728
33 years$22,744$15,699$10,584$6,998$4,557$612
34 years$21,834$14,879$9,889$6,439$4,126$514
35 years$20,977$14,112$9,246$5,927$3,737$432
36 years$20,171$13,395$8,649$5,459$3,386$363
37 years$19,409$12,722$8,095$5,030$3,068$306
38 years$18,689$12,090$7,581$4,636$2,782$257
39 years$18,008$11,497$7,103$4,275$2,523$216
40 years$17,363$10,938$6,657$3,943$2,288$182
41 years$16,751$10,412$6,242$3,638$2,076$153
42 years$16,169$9,916$5,856$3,357$1,884$128
43 years$15,616$9,448$5,495$3,099$1,710$108
44 years$15,089$9,006$5,158$2,861$1,552$91
45 years$14,588$8,588$4,843$2,643$1,409$76
46 years$14,109$8,193$4,549$2,441$1,279$64
47 years$13,653$7,818$4,273$2,255$1,161$54
48 years$13,216$7,464$4,016$2,084$1,055$45
49 years$12,799$7,127$3,775$1,926$958$38
50 years$12,400$6,808$3,549$1,780$870$32

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 $4,441 every year, while hoping to spend $54,187 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: 65/12/23 Blend
62$12,700,000$12,700,000$12,700,000$12,700,000
63$13,999,981$13,326,881$13,130,031$14,826,482
64$15,370,324$13,922,244$13,512,232$15,978,826
65$16,878,627$14,544,963$13,905,421$17,231,219
66$18,538,903$15,196,322$14,309,909$18,598,766
67$20,366,595$15,877,665$14,726,015$20,092,774
68$22,378,718$16,590,401$15,154,067$21,725,687
69$24,594,021$17,336,006$15,594,402$23,511,200
70$27,033,165$18,116,024$16,047,369$25,464,389
71$29,718,914$18,932,075$16,513,322$27,601,849
72$32,676,353$19,785,856$16,992,628$29,941,851
73$35,933,123$20,679,145$17,485,663$32,504,505
74$39,519,683$21,613,805$17,992,814$35,311,957
75$43,469,596$22,591,786$18,514,478$38,388,588
76$47,819,845$23,615,134$19,051,063$41,761,243
77$52,611,184$24,685,991$19,602,989$45,459,485
78$57,888,522$25,806,602$20,170,687$49,515,867
79$63,701,346$26,979,319$20,754,598$53,966,236
80$70,104,185$28,206,608$21,355,179$58,850,073
81$77,157,130$29,491,050$21,972,897$64,210,857
82$84,926,400$30,835,354$22,608,231$70,096,473
83$93,484,960$32,242,354$23,261,675$76,559,664
84$102,913,221$33,715,024$23,933,735$83,658,520
85$113,299,786$35,256,477$24,624,932$91,457,026
86$124,742,298$36,869,978$25,335,801$100,025,660
87$137,348,354$38,558,948$26,066,892$109,442,056
88$151,236,520$40,326,971$26,818,767$119,791,729
89$166,537,457$42,177,804$27,592,007$131,168,881
90$183,395,146$44,115,385$28,387,207$143,677,284
91$201,968,251$46,143,839$29,204,979$157,431,255
92$222,431,617$48,267,492$30,045,951$172,556,728
93$244,977,919$50,490,875$30,910,767$189,192,440
94$269,819,479$52,818,741$31,800,090$207,491,234
95$297,190,273$55,256,066$32,714,600$227,621,496
96$327,348,139$57,808,071$33,654,997$249,768,738
97$360,577,207$60,480,225$34,621,997$274,137,343
98$397,190,586$63,278,260$35,616,338$300,952,486
99$437,533,316$66,208,185$36,638,776$330,462,258
100$481,985,628$69,276,300$37,690,089$362,939,995