Can I retire at age 63 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,016,231
2 years$527,361$517,540$508,021$498,792$489,840$477,328
3 years$348,082$338,218$328,723$319,581$310,775$298,572
4 years$258,460$248,626$239,226$230,240$221,647$209,848
5 years$204,701$194,926$185,649$176,846$168,493$157,131
6 years$168,873$159,172$150,032$141,425$133,322$122,412
7 years$143,292$133,672$124,678$116,274$108,427$97,972
8 years$124,114$114,582$105,736$97,539$89,951$79,951
9 years$109,207$99,764$91,071$83,082$75,751$66,202
10 years$97,287$87,937$79,398$71,617$64,544$55,439
11 years$87,542$78,285$69,900$62,328$55,510$46,841
12 years$79,426$70,265$62,035$54,670$48,104$39,862
13 years$72,564$63,499$55,424$48,266$41,947$34,122
14 years$66,688$57,718$49,799$42,845$36,771$29,350
15 years$61,600$52,727$44,962$38,210$32,376$25,348
16 years$57,152$48,376$40,764$34,213$28,614$21,966
17 years$53,231$44,552$37,094$30,740$25,371$19,091
18 years$49,750$41,168$33,862$27,703$22,559$16,633
19 years$46,639$38,154$30,999$25,032$20,107$14,522
20 years$43,843$35,455$28,449$22,671$17,960$12,702
21 years$41,316$33,025$26,168$20,576$16,072$11,127
22 years$39,022$30,828$24,118$18,708$14,407$9,761
23 years$36,931$28,832$22,268$17,038$12,932$8,573
24 years$35,017$27,014$20,595$15,539$11,624$7,537
25 years$33,258$25,351$19,075$14,192$10,460$6,632
26 years$31,638$23,826$17,691$12,976$9,422$5,841
27 years$30,140$22,423$16,427$11,877$8,494$5,147
28 years$28,751$21,129$15,271$10,882$7,665$4,539
29 years$27,461$19,933$14,211$9,979$6,921$4,004
30 years$26,259$18,825$13,237$9,158$6,254$3,534
31 years$25,136$17,796$12,341$8,411$5,654$3,121
32 years$24,086$16,838$11,514$7,730$5,114$2,757
33 years$23,102$15,946$10,751$7,108$4,628$2,436
34 years$22,178$15,113$10,045$6,540$4,190$2,153
35 years$21,308$14,335$9,391$6,021$3,795$1,904
36 years$20,488$13,606$8,785$5,545$3,439$1,683
37 years$19,715$12,922$8,223$5,109$3,117$1,489
38 years$18,984$12,281$7,700$4,709$2,826$1,317
39 years$18,292$11,678$7,214$4,342$2,562$1,165
40 years$17,636$11,111$6,762$4,005$2,324$1,031
41 years$17,014$10,576$6,341$3,695$2,109$912
42 years$16,424$10,072$5,948$3,410$1,913$807
43 years$15,862$9,597$5,581$3,148$1,736$715
44 years$15,327$9,148$5,239$2,907$1,576$633
45 years$14,817$8,723$4,919$2,684$1,431$560
46 years$14,332$8,322$4,620$2,479$1,299$496
47 years$13,868$7,941$4,341$2,291$1,180$439
48 years$13,424$7,581$4,079$2,117$1,071$389
49 years$13,001$7,240$3,834$1,956$973$344
50 years$12,595$6,916$3,605$1,808$884$305

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,900,000, adding $6,892 every year, while hoping to spend $37,565 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: 59/33/8 Blend
62$12,900,000$12,900,000$12,900,000$12,900,000
63$14,222,909$13,539,209$13,339,259$15,036,647
64$15,633,677$14,162,661$13,746,155$16,207,083
65$17,187,084$14,815,404$14,165,424$17,477,802
66$18,897,640$15,498,832$14,597,439$18,862,376
67$20,781,333$16,214,409$15,042,587$20,371,737
68$22,855,781$16,963,667$15,501,266$22,017,905
69$25,140,398$17,748,213$15,973,885$23,814,092
70$27,656,575$18,569,732$16,460,866$25,774,825
71$30,427,886$19,429,989$16,962,646$27,916,078
72$33,480,306$20,330,835$17,479,670$30,255,417
73$36,842,459$21,274,208$18,012,401$32,812,163
74$40,545,888$22,262,142$18,561,314$35,607,567
75$44,625,349$23,296,767$19,126,899$38,665,006
76$49,119,145$24,380,319$19,709,660$42,010,198
77$54,069,481$25,515,138$20,310,117$45,671,438
78$59,522,867$26,703,679$20,928,805$49,679,860
79$65,530,555$27,948,515$21,566,276$54,069,723
80$72,149,022$29,252,343$22,223,097$58,878,729
81$79,440,506$30,617,991$22,899,854$64,148,369
82$87,473,587$32,048,422$23,597,148$69,924,311
83$96,323,842$33,546,744$24,315,602$76,256,820
84$106,074,554$35,116,214$25,055,855$83,201,225
85$116,817,497$36,760,248$25,818,565$90,818,433
86$128,653,806$38,482,424$26,604,411$99,175,494
87$141,694,927$40,286,495$27,414,092$108,346,227
88$156,063,674$42,176,397$28,248,327$118,411,904
89$171,895,382$44,156,254$29,107,860$129,462,006
90$189,339,190$46,230,390$29,993,453$141,595,062
91$208,559,447$48,403,339$30,905,893$154,919,562
92$229,737,262$50,679,854$31,845,991$169,554,972
93$253,072,213$53,064,917$32,814,583$185,632,848
94$278,784,235$55,563,754$33,812,527$203,298,068
95$307,115,690$58,181,841$34,840,710$222,710,179
96$338,333,661$60,924,922$35,900,045$244,044,898
97$372,732,469$63,799,017$36,991,470$267,495,747
98$410,636,451$66,810,440$38,115,955$293,275,872
99$452,403,025$69,965,808$39,274,495$321,620,030
100$498,426,062$73,272,061$40,468,120$352,786,798