Can I retire at age 63 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,029,852
2 years$535,538$525,564$515,897$506,525$497,434$482,592
3 years$353,479$343,462$333,820$324,536$315,593$301,130
4 years$262,467$252,481$242,935$233,810$225,083$211,112
5 years$207,874$197,948$188,528$179,588$171,105$157,665
6 years$171,491$161,639$152,358$143,618$135,389$122,497
7 years$145,513$135,744$126,611$118,076$110,108$97,767
8 years$126,039$116,358$107,376$99,051$91,345$79,554
9 years$110,900$101,311$92,483$84,370$76,926$65,680
10 years$98,796$89,300$80,629$72,728$65,545$54,835
11 years$88,899$79,499$70,984$63,295$56,371$46,186
12 years$80,658$71,354$62,997$55,518$48,850$39,179
13 years$73,689$64,483$56,283$49,014$42,598$33,428
14 years$67,722$58,613$50,571$43,509$37,341$28,658
15 years$62,555$53,544$45,659$38,803$32,878$24,666
16 years$58,038$49,126$41,396$34,744$29,058$21,302
17 years$54,057$45,243$37,669$31,217$25,764$18,448
18 years$50,522$41,807$34,387$28,133$22,909$16,015
19 years$47,362$38,746$31,480$25,420$20,419$13,932
20 years$44,523$36,005$28,890$23,023$18,239$12,141
21 years$41,957$33,537$26,574$20,895$16,321$10,596
22 years$39,627$31,305$24,492$18,998$14,630$9,260
23 years$37,503$29,279$22,614$17,302$13,133$8,101
24 years$35,559$27,433$20,914$15,780$11,804$7,095
25 years$33,774$25,744$19,370$14,412$10,622$6,219
26 years$32,128$24,196$17,965$13,177$9,568$5,455
27 years$30,607$22,771$16,682$12,061$8,626$4,788
28 years$29,197$21,457$15,508$11,051$7,783$4,205
29 years$27,887$20,242$14,432$10,134$7,028$3,695
30 years$26,666$19,117$13,443$9,300$6,350$3,248
31 years$25,526$18,071$12,532$8,542$5,741$2,856
32 years$24,460$17,099$11,693$7,850$5,194$2,512
33 years$23,460$16,193$10,918$7,219$4,700$2,211
34 years$22,521$15,348$10,201$6,642$4,255$1,946
35 years$21,638$14,557$9,537$6,114$3,854$1,713
36 years$20,806$13,817$8,922$5,631$3,492$1,508
37 years$20,020$13,123$8,350$5,188$3,165$1,328
38 years$19,278$12,471$7,820$4,782$2,869$1,170
39 years$18,575$11,859$7,326$4,409$2,602$1,031
40 years$17,910$11,283$6,867$4,067$2,360$908
41 years$17,278$10,740$6,439$3,752$2,141$800
42 years$16,678$10,229$6,040$3,463$1,943$705
43 years$16,108$9,746$5,668$3,197$1,763$622
44 years$15,565$9,290$5,320$2,952$1,601$548
45 years$15,047$8,859$4,995$2,726$1,453$483
46 years$14,554$8,451$4,692$2,518$1,319$426
47 years$14,083$8,065$4,408$2,326$1,198$375
48 years$13,632$7,699$4,142$2,150$1,088$331
49 years$13,202$7,352$3,893$1,987$988$292
50 years$12,790$7,023$3,660$1,836$898$257

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $13,100,000, adding $2,750 every year, while hoping to spend $38,430 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: 54/21/25 Blend
62$13,100,000$13,100,000$13,100,000$13,100,000
63$14,439,037$13,744,737$13,541,687$15,118,834
64$15,870,929$14,377,339$13,954,444$16,220,151
65$17,447,587$15,039,652$14,379,741$17,414,271
66$19,183,735$15,733,089$14,817,956$18,713,497
67$21,095,599$16,459,134$15,269,481$20,127,914
68$23,201,061$17,219,342$15,734,719$21,668,608
69$25,519,821$18,015,342$16,214,084$23,347,770
70$28,073,591$18,848,841$16,708,004$25,178,806
71$30,886,293$19,721,631$17,216,919$27,176,461
72$33,984,291$20,635,587$17,741,282$29,356,954
73$37,396,635$21,592,676$18,281,560$31,738,124
74$41,155,334$22,594,960$18,838,235$34,339,601
75$45,295,665$23,644,600$19,411,802$37,182,979
76$49,856,497$24,743,860$20,002,772$40,292,021
77$54,880,666$25,895,115$20,611,671$43,692,875
78$60,415,372$27,100,854$21,239,041$47,414,319
79$66,512,630$28,363,686$21,885,439$51,488,024
80$73,229,758$29,686,346$22,551,440$55,948,850
81$80,629,916$31,071,700$23,237,637$60,835,169
82$88,782,709$32,522,755$23,944,639$66,189,218
83$97,764,836$34,042,660$24,673,075$72,057,498
84$107,660,818$35,634,719$25,423,591$78,491,199
85$118,563,795$37,302,394$26,196,855$85,546,683
86$130,576,405$39,049,314$26,993,553$93,286,005
87$143,811,753$40,879,285$27,814,392$101,777,493
88$158,394,478$42,796,297$28,660,100$111,096,383
89$174,461,930$44,804,530$29,531,428$121,325,525
90$192,165,465$46,908,371$30,429,149$132,556,155
91$211,671,876$49,112,414$31,354,059$144,888,745
92$233,164,965$51,421,480$32,306,978$158,433,946
93$256,847,280$53,840,621$33,288,750$173,313,623
94$282,942,024$56,375,134$34,300,245$189,661,990
95$311,695,167$59,030,571$35,342,360$207,626,873
96$343,377,762$61,812,757$36,416,017$227,371,094
97$378,288,506$64,727,795$37,522,166$249,073,991
98$416,756,562$67,782,085$38,661,787$272,933,106
99$459,144,663$70,982,339$39,835,888$299,166,031
100$505,852,536$74,335,591$41,045,508$328,012,457