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%11%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,016,389
2 years$523,273$513,528$504,083$494,925$486,043$481,701
3 years$345,384$335,596$326,175$317,104$308,366$304,117
4 years$256,456$246,699$237,372$228,455$219,929$215,806
5 years$203,114$193,415$184,210$175,476$167,186$163,202
6 years$167,564$157,938$148,869$140,329$132,289$128,448
7 years$142,181$132,636$123,711$115,372$107,586$103,890
8 years$123,152$113,693$104,917$96,783$89,253$85,703
9 years$108,360$98,991$90,365$82,438$75,164$71,759
10 years$96,533$87,255$78,782$71,062$64,044$60,782
11 years$86,863$77,678$69,359$61,845$55,080$51,959
12 years$78,810$69,720$61,554$54,247$47,731$44,749
13 years$72,002$63,006$54,994$47,892$41,622$38,776
14 years$66,171$57,271$49,413$42,513$36,486$33,773
15 years$61,122$52,318$44,613$37,914$32,125$29,542
16 years$56,709$48,001$40,448$33,948$28,392$25,935
17 years$52,819$44,207$36,806$30,502$25,174$22,840
18 years$49,365$40,849$33,599$27,488$22,384$20,168
19 years$46,278$37,859$30,759$24,838$19,951$17,850
20 years$43,503$35,180$28,229$22,496$17,821$15,831
21 years$40,996$32,769$25,965$20,416$15,948$14,065
22 years$38,720$30,589$23,931$18,563$14,295$12,515
23 years$36,645$28,609$22,096$16,906$12,832$11,151
24 years$34,745$26,805$20,435$15,419$11,534$9,948
25 years$33,000$25,155$18,927$14,082$10,378$8,883
26 years$31,392$23,642$17,554$12,875$9,349$7,941
27 years$29,906$22,249$16,300$11,785$8,428$7,104
28 years$28,528$20,966$15,153$10,798$7,605$6,360
29 years$27,248$19,779$14,101$9,902$6,867$5,697
30 years$26,055$18,679$13,135$9,087$6,205$5,107
31 years$24,942$17,658$12,245$8,346$5,610$4,580
32 years$23,900$16,708$11,425$7,670$5,075$4,110
33 years$22,923$15,822$10,668$7,053$4,592$3,689
34 years$22,006$14,996$9,967$6,490$4,158$3,312
35 years$21,143$14,224$9,319$5,974$3,766$2,975
36 years$20,329$13,500$8,717$5,502$3,412$2,674
37 years$19,562$12,822$8,159$5,069$3,093$2,403
38 years$18,837$12,186$7,641$4,673$2,804$2,160
39 years$18,150$11,587$7,159$4,308$2,543$1,942
40 years$17,500$11,024$6,710$3,974$2,306$1,747
41 years$16,882$10,494$6,292$3,666$2,092$1,571
42 years$16,296$9,994$5,902$3,384$1,898$1,414
43 years$15,739$9,523$5,538$3,123$1,723$1,272
44 years$15,208$9,077$5,198$2,884$1,564$1,145
45 years$14,703$8,656$4,881$2,663$1,420$1,030
46 years$14,220$8,257$4,584$2,460$1,289$927
47 years$13,760$7,880$4,307$2,273$1,171$835
48 years$13,320$7,522$4,047$2,100$1,063$751
49 years$12,900$7,184$3,804$1,941$965$676
50 years$12,497$6,862$3,577$1,794$877$609

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 $3,605 every year, while hoping to spend $29,555 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: 47/36/17 Blend
62$12,800,000$12,800,000$12,800,000$12,800,000
63$14,109,319$13,430,919$13,232,519$14,704,455
64$15,517,023$14,057,587$13,644,362$15,745,081
65$17,067,322$14,713,972$14,069,011$16,870,600
66$18,774,730$15,401,498$14,506,864$18,091,574
67$20,655,240$16,121,659$14,958,332$19,416,923
68$22,726,475$16,876,021$15,423,836$20,856,439
69$25,007,855$17,666,225$15,903,813$22,420,879
70$27,520,778$18,493,992$16,398,713$24,122,055
71$30,288,826$19,361,126$16,908,999$25,972,942
72$33,337,985$20,269,520$17,435,149$27,987,798
73$36,696,888$21,221,155$17,977,655$30,182,291
74$40,397,090$22,218,111$18,537,026$32,573,636
75$44,473,362$23,262,567$19,113,785$35,180,758
76$48,964,020$24,356,808$19,708,472$38,024,462
77$53,911,288$25,503,230$20,321,644$41,127,618
78$59,361,695$26,704,344$20,953,875$44,515,376
79$65,366,515$27,962,783$21,605,756$48,215,390
80$71,982,249$29,281,309$22,277,898$52,258,076
81$79,271,160$30,662,815$22,970,930$56,676,885
82$87,301,862$32,110,337$23,685,500$61,508,615
83$96,149,965$33,627,056$24,422,277$66,793,747
84$105,898,789$35,216,309$25,181,950$72,576,816
85$116,640,151$36,881,594$25,965,231$78,906,825
86$128,475,231$38,626,577$26,772,852$85,837,692
87$141,515,530$40,455,105$27,605,568$93,428,754
88$155,883,919$42,371,209$28,464,158$101,745,309
89$171,715,797$44,379,117$29,349,427$110,859,224
90$189,160,377$46,483,262$30,262,201$120,849,602
91$208,382,085$48,688,292$31,203,334$131,803,511
92$229,562,118$50,999,079$32,173,706$143,816,796
93$252,900,155$53,420,734$33,174,226$156,994,967
94$278,616,236$55,958,616$34,205,828$171,454,181
95$306,952,846$58,618,342$35,269,477$187,322,320
96$338,177,199$61,405,804$36,366,168$204,740,187
97$372,583,764$64,327,179$37,496,925$223,862,810
98$410,497,042$67,388,945$38,662,806$244,860,895
99$452,274,632$70,597,894$39,864,901$267,922,411
100$498,310,602$73,961,148$41,104,333$293,254,352