Can I retire at age 63 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$997,230
2 years$523,273$513,528$504,083$494,925$486,043$462,537
3 years$345,384$335,596$326,175$317,104$308,366$285,548
4 years$256,456$246,699$237,372$228,455$219,929$197,975
5 years$203,114$193,415$184,210$175,476$167,186$146,159
6 years$167,564$157,938$148,869$140,329$132,289$112,208
7 years$142,181$132,636$123,711$115,372$107,586$88,456
8 years$123,152$113,693$104,917$96,783$89,253$71,066
9 years$108,360$98,991$90,365$82,438$75,164$57,906
10 years$96,533$87,255$78,782$71,062$64,044$47,696
11 years$86,863$77,678$69,359$61,845$55,080$39,620
12 years$78,810$69,720$61,554$54,247$47,731$33,135
13 years$72,002$63,006$54,994$47,892$41,622$27,862
14 years$66,171$57,271$49,413$42,513$36,486$23,534
15 years$61,122$52,318$44,613$37,914$32,125$19,951
16 years$56,709$48,001$40,448$33,948$28,392$16,965
17 years$52,819$44,207$36,806$30,502$25,174$14,463
18 years$49,365$40,849$33,599$27,488$22,384$12,356
19 years$46,278$37,859$30,759$24,838$19,951$10,575
20 years$43,503$35,180$28,229$22,496$17,821$9,065
21 years$40,996$32,769$25,965$20,416$15,948$7,780
22 years$38,720$30,589$23,931$18,563$14,295$6,685
23 years$36,645$28,609$22,096$16,906$12,832$5,750
24 years$34,745$26,805$20,435$15,419$11,534$4,949
25 years$33,000$25,155$18,927$14,082$10,378$4,263
26 years$31,392$23,642$17,554$12,875$9,349$3,674
27 years$29,906$22,249$16,300$11,785$8,428$3,168
28 years$28,528$20,966$15,153$10,798$7,605$2,733
29 years$27,248$19,779$14,101$9,902$6,867$2,359
30 years$26,055$18,679$13,135$9,087$6,205$2,036
31 years$24,942$17,658$12,245$8,346$5,610$1,758
32 years$23,900$16,708$11,425$7,670$5,075$1,519
33 years$22,923$15,822$10,668$7,053$4,592$1,312
34 years$22,006$14,996$9,967$6,490$4,158$1,134
35 years$21,143$14,224$9,319$5,974$3,766$980
36 years$20,329$13,500$8,717$5,502$3,412$847
37 years$19,562$12,822$8,159$5,069$3,093$732
38 years$18,837$12,186$7,641$4,673$2,804$633
39 years$18,150$11,587$7,159$4,308$2,543$547
40 years$17,500$11,024$6,710$3,974$2,306$473
41 years$16,882$10,494$6,292$3,666$2,092$409
42 years$16,296$9,994$5,902$3,384$1,898$354
43 years$15,739$9,523$5,538$3,123$1,723$306
44 years$15,208$9,077$5,198$2,884$1,564$265
45 years$14,703$8,656$4,881$2,663$1,420$229
46 years$14,220$8,257$4,584$2,460$1,289$198
47 years$13,760$7,880$4,307$2,273$1,171$171
48 years$13,320$7,522$4,047$2,100$1,063$148
49 years$12,900$7,184$3,804$1,941$965$128
50 years$12,497$6,862$3,577$1,794$877$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,800,000, adding $3,958 every year, while hoping to spend $35,405 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: 76/8/16 Blend
62$12,800,000$12,800,000$12,800,000$12,800,000
63$14,109,683$13,431,283$13,232,883$15,132,130
64$15,511,200$14,051,745$13,638,514$16,428,697
65$17,054,485$14,701,423$14,056,547$17,844,979
66$18,753,961$15,381,712$14,487,360$19,396,759
67$20,625,521$16,094,072$14,931,342$21,097,536
68$22,686,678$16,840,035$15,388,896$22,962,172
69$24,956,730$17,621,207$15,860,435$25,007,032
70$27,456,941$18,439,271$16,346,384$27,250,137
71$30,210,744$19,295,991$16,847,183$29,711,335
72$33,243,962$20,193,216$17,363,285$32,412,481
73$36,585,046$21,132,883$17,895,156$35,377,645
74$40,265,352$22,117,026$18,443,275$38,633,337
75$44,319,432$23,147,774$19,008,138$42,208,757
76$48,785,358$24,227,360$19,590,255$46,136,062
77$53,705,088$25,358,123$20,190,152$50,450,676
78$59,124,854$26,542,518$20,808,369$55,191,615
79$65,095,604$27,783,117$21,445,464$60,401,858
80$71,673,481$29,082,615$22,102,013$66,128,747
81$78,920,353$30,443,840$22,778,607$72,424,431
82$86,904,395$31,869,754$23,475,856$79,346,361
83$95,700,736$33,363,465$24,194,390$86,957,821
84$105,392,164$34,928,228$24,934,855$95,328,530
85$116,069,912$36,567,458$25,697,920$104,535,293
86$127,834,513$38,284,734$26,484,271$114,662,725
87$140,796,757$40,083,809$27,294,617$125,804,044
88$155,078,728$41,968,617$28,129,689$138,061,951
89$170,814,962$43,943,283$28,990,237$151,549,593
90$188,153,715$46,012,131$29,877,037$166,391,628
91$207,258,363$48,179,695$30,790,887$182,725,400
92$228,308,944$50,450,728$31,732,609$200,702,228
93$251,503,856$52,830,213$32,703,052$220,488,836
94$277,061,733$55,323,377$33,703,087$242,268,914
95$305,223,504$57,935,697$34,733,615$266,244,855
96$336,254,672$60,672,917$35,795,562$292,639,660
97$370,447,818$63,541,059$36,889,883$321,699,033
98$408,125,363$66,546,438$38,017,561$353,693,701
99$449,642,611$69,695,675$39,179,611$388,921,963
100$495,391,105$72,995,711$40,377,075$427,712,498