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%11.7%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,037,160
2 years$535,538$525,564$515,897$506,525$497,434$489,920
3 years$353,479$343,462$333,820$324,536$315,593$308,248
4 years$262,467$252,481$242,935$233,810$225,083$217,966
5 years$207,874$197,948$188,528$179,588$171,105$164,235
6 years$171,491$161,639$152,358$143,618$135,389$128,777
7 years$145,513$135,744$126,611$118,076$110,108$103,755
8 years$126,039$116,358$107,376$99,051$91,345$85,252
9 years$110,900$101,311$92,483$84,370$76,926$71,091
10 years$98,796$89,300$80,629$72,728$65,545$59,965
11 years$88,899$79,499$70,984$63,295$56,371$51,042
12 years$80,658$71,354$62,997$55,518$48,850$43,767
13 years$73,689$64,483$56,283$49,014$42,598$37,756
14 years$67,722$58,613$50,571$43,509$37,341$32,735
15 years$62,555$53,544$45,659$38,803$32,878$28,501
16 years$58,038$49,126$41,396$34,744$29,058$24,903
17 years$54,057$45,243$37,669$31,217$25,764$21,825
18 years$50,522$41,807$34,387$28,133$22,909$19,178
19 years$47,362$38,746$31,480$25,420$20,419$16,889
20 years$44,523$36,005$28,890$23,023$18,239$14,903
21 years$41,957$33,537$26,574$20,895$16,321$13,173
22 years$39,627$31,305$24,492$18,998$14,630$11,660
23 years$37,503$29,279$22,614$17,302$13,133$10,335
24 years$35,559$27,433$20,914$15,780$11,804$9,171
25 years$33,774$25,744$19,370$14,412$10,622$8,145
26 years$32,128$24,196$17,965$13,177$9,568$7,241
27 years$30,607$22,771$16,682$12,061$8,626$6,443
28 years$29,197$21,457$15,508$11,051$7,783$5,736
29 years$27,887$20,242$14,432$10,134$7,028$5,110
30 years$26,666$19,117$13,443$9,300$6,350$4,554
31 years$25,526$18,071$12,532$8,542$5,741$4,061
32 years$24,460$17,099$11,693$7,850$5,194$3,623
33 years$23,460$16,193$10,918$7,219$4,700$3,234
34 years$22,521$15,348$10,201$6,642$4,255$2,887
35 years$21,638$14,557$9,537$6,114$3,854$2,578
36 years$20,806$13,817$8,922$5,631$3,492$2,303
37 years$20,020$13,123$8,350$5,188$3,165$2,058
38 years$19,278$12,471$7,820$4,782$2,869$1,839
39 years$18,575$11,859$7,326$4,409$2,602$1,644
40 years$17,910$11,283$6,867$4,067$2,360$1,469
41 years$17,278$10,740$6,439$3,752$2,141$1,314
42 years$16,678$10,229$6,040$3,463$1,943$1,175
43 years$16,108$9,746$5,668$3,197$1,763$1,051
44 years$15,565$9,290$5,320$2,952$1,601$940
45 years$15,047$8,859$4,995$2,726$1,453$841
46 years$14,554$8,451$4,692$2,518$1,319$752
47 years$14,083$8,065$4,408$2,326$1,198$673
48 years$13,632$7,699$4,142$2,150$1,088$602
49 years$13,202$7,352$3,893$1,987$988$539
50 years$12,790$7,023$3,660$1,836$898$482

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 $6,249 every year, while hoping to spend $53,986 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: 71/23/6 Blend
62$13,100,000$13,100,000$13,100,000$13,100,000
63$14,442,646$13,748,346$13,545,296$15,456,670
64$15,858,355$14,364,574$13,941,623$16,743,078
65$17,416,657$15,009,188$14,349,417$18,143,293
66$19,132,040$15,683,522$14,769,006$19,674,318
67$21,020,466$16,388,973$15,200,726$21,349,000
68$23,099,526$17,127,005$15,644,923$23,181,478
69$25,388,602$17,899,153$16,101,952$25,187,309
70$27,909,051$18,707,022$16,572,179$27,383,613
71$30,684,406$19,552,298$17,055,979$29,789,234
72$33,740,599$20,436,745$17,553,738$32,424,909
73$37,106,205$21,362,210$18,065,853$35,313,469
74$40,812,711$22,330,631$18,592,732$38,480,041
75$44,894,813$23,344,038$19,134,794$41,952,289
76$49,390,745$24,404,556$19,692,470$45,760,666
77$54,342,636$25,514,415$20,266,203$49,938,703
78$59,796,913$26,675,949$20,856,449$54,523,314
79$65,804,732$27,891,605$21,463,674$59,555,147
80$72,422,468$29,163,947$22,088,360$65,078,957
81$79,712,241$30,495,661$22,731,001$71,144,029
82$87,742,505$31,889,564$23,392,106$77,804,633
83$96,588,694$33,348,607$24,072,195$85,120,535
84$106,333,933$34,875,880$24,771,805$93,157,553
85$117,069,822$36,474,626$25,491,488$101,988,172
86$128,897,300$38,148,239$26,231,810$111,692,225
87$141,927,602$39,900,280$26,993,353$122,357,639
88$156,283,302$41,734,479$27,776,715$134,081,256
89$172,099,475$43,654,744$28,582,511$146,969,742
90$189,524,969$45,665,174$29,411,372$161,140,587
91$208,723,810$47,770,062$30,263,947$176,723,206
92$229,876,753$49,973,909$31,140,904$193,860,153
93$253,182,984$52,281,433$32,042,927$212,708,454
94$278,862,003$54,697,578$32,970,719$233,441,089
95$307,155,694$57,227,526$33,925,005$256,248,608
96$338,330,609$59,876,709$34,906,527$281,340,923
97$372,680,485$62,650,821$35,916,049$308,949,282
98$410,529,012$65,555,829$36,954,355$339,328,434
99$452,232,895$68,597,989$38,022,250$372,759,034
100$498,185,217$71,783,857$39,120,562$409,550,270