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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.4%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,014,683
2 years$523,273$513,528$504,083$494,925$486,043$479,982
3 years$345,384$335,596$326,175$317,104$308,366$302,439
4 years$256,456$246,699$237,372$228,455$219,929$214,183
5 years$203,114$193,415$184,210$175,476$167,186$161,637
6 years$167,564$157,938$148,869$140,329$132,289$126,944
7 years$142,181$132,636$123,711$115,372$107,586$102,448
8 years$123,152$113,693$104,917$96,783$89,253$84,322
9 years$108,360$98,991$90,365$82,438$75,164$70,438
10 years$96,533$87,255$78,782$71,062$64,044$59,521
11 years$86,863$77,678$69,359$61,845$55,080$50,757
12 years$78,810$69,720$61,554$54,247$47,731$43,605
13 years$72,002$63,006$54,994$47,892$41,622$37,689
14 years$66,171$57,271$49,413$42,513$36,486$32,740
15 years$61,122$52,318$44,613$37,914$32,125$28,563
16 years$56,709$48,001$40,448$33,948$28,392$25,008
17 years$52,819$44,207$36,806$30,502$25,174$21,963
18 years$49,365$40,849$33,599$27,488$22,384$19,339
19 years$46,278$37,859$30,759$24,838$19,951$17,068
20 years$43,503$35,180$28,229$22,496$17,821$15,094
21 years$40,996$32,769$25,965$20,416$15,948$13,371
22 years$38,720$30,589$23,931$18,563$14,295$11,862
23 years$36,645$28,609$22,096$16,906$12,832$10,538
24 years$34,745$26,805$20,435$15,419$11,534$9,372
25 years$33,000$25,155$18,927$14,082$10,378$8,344
26 years$31,392$23,642$17,554$12,875$9,349$7,435
27 years$29,906$22,249$16,300$11,785$8,428$6,630
28 years$28,528$20,966$15,153$10,798$7,605$5,917
29 years$27,248$19,779$14,101$9,902$6,867$5,284
30 years$26,055$18,679$13,135$9,087$6,205$4,721
31 years$24,942$17,658$12,245$8,346$5,610$4,220
32 years$23,900$16,708$11,425$7,670$5,075$3,774
33 years$22,923$15,822$10,668$7,053$4,592$3,377
34 years$22,006$14,996$9,967$6,490$4,158$3,022
35 years$21,143$14,224$9,319$5,974$3,766$2,706
36 years$20,329$13,500$8,717$5,502$3,412$2,423
37 years$19,562$12,822$8,159$5,069$3,093$2,170
38 years$18,837$12,186$7,641$4,673$2,804$1,945
39 years$18,150$11,587$7,159$4,308$2,543$1,743
40 years$17,500$11,024$6,710$3,974$2,306$1,562
41 years$16,882$10,494$6,292$3,666$2,092$1,400
42 years$16,296$9,994$5,902$3,384$1,898$1,255
43 years$15,739$9,523$5,538$3,123$1,723$1,126
44 years$15,208$9,077$5,198$2,884$1,564$1,009
45 years$14,703$8,656$4,881$2,663$1,420$905
46 years$14,220$8,257$4,584$2,460$1,289$812
47 years$13,760$7,880$4,307$2,273$1,171$728
48 years$13,320$7,522$4,047$2,100$1,063$653
49 years$12,900$7,184$3,804$1,941$965$586
50 years$12,497$6,862$3,577$1,794$877$526

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 $2,647 every year, while hoping to spend $52,426 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: 59/30/11 Blend
62$12,800,000$12,800,000$12,800,000$12,800,000
63$14,108,330$13,429,930$13,231,530$14,903,365
64$15,491,599$14,032,216$13,619,006$16,040,925
65$17,014,204$14,662,257$14,017,705$17,274,631
66$18,690,303$15,321,357$14,427,947$18,618,596
67$20,535,494$16,010,883$14,850,064$20,083,432
68$22,566,966$16,732,268$15,284,392$21,680,802
69$24,803,659$17,487,012$15,731,282$23,423,534
70$27,266,443$18,276,686$16,191,090$25,325,732
71$29,978,314$19,102,938$16,664,186$27,402,908
72$32,964,613$19,967,493$17,150,947$29,672,124
73$36,253,263$20,872,159$17,651,763$32,152,149
74$39,875,032$21,818,831$18,167,034$34,863,629
75$43,863,825$22,809,494$18,697,170$37,829,282
76$48,257,004$23,846,228$19,242,594$41,074,100
77$53,095,738$24,931,213$19,803,740$44,625,587
78$58,425,393$26,066,732$20,381,055$48,514,008
79$64,295,961$27,255,180$20,974,998$52,772,674
80$70,762,528$28,499,063$21,586,040$57,438,243
81$77,885,799$29,801,010$22,214,665$62,551,066
82$85,732,667$31,163,776$22,861,373$68,155,560
83$94,376,845$32,590,247$23,526,675$74,300,618
84$103,899,561$34,083,447$24,211,097$81,040,065
85$114,390,328$35,646,547$24,915,179$88,433,159
86$125,947,782$37,282,869$25,639,479$96,545,142
87$138,680,620$38,995,894$26,384,566$105,447,846
88$152,708,622$40,789,272$27,151,027$115,220,366
89$168,163,782$42,666,826$27,939,467$125,949,792
90$185,191,552$44,632,565$28,750,504$137,732,028
91$203,952,220$46,690,690$29,584,775$150,672,684
92$224,622,416$48,845,604$30,442,935$164,888,063
93$247,396,785$51,101,921$31,325,655$180,506,246
94$272,489,820$53,464,478$32,233,628$197,668,295
95$300,137,890$55,938,346$33,167,563$216,529,567
96$330,601,467$58,528,837$34,128,188$237,261,173
97$364,167,589$61,241,522$35,116,255$260,051,577
98$401,152,565$64,082,239$36,132,532$285,108,362
99$441,904,966$67,057,107$37,177,810$312,660,177
100$486,808,908$70,172,542$38,252,903$342,958,881