Can I retire at age 63 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,012,424
2 years$539,626$529,576$519,835$510,392$501,232$461,241
3 years$356,177$346,083$336,368$327,013$318,002$279,442
4 years$264,470$254,408$244,790$235,594$226,802$189,965
5 years$209,461$199,459$189,967$180,959$172,411$137,394
6 years$172,800$162,873$153,521$144,714$136,423$103,249
7 years$146,624$136,781$127,577$118,978$110,948$79,607
8 years$127,001$117,246$108,195$99,807$92,042$62,504
9 years$111,746$102,084$93,189$85,014$77,513$49,735
10 years$99,550$89,982$81,244$73,283$66,045$39,976
11 years$89,578$80,106$71,526$63,778$56,801$32,383
12 years$81,273$71,899$63,477$55,942$49,222$26,392
13 years$74,252$64,975$56,713$49,388$42,923$21,614
14 years$68,239$59,061$50,957$43,841$37,626$17,770
15 years$63,032$53,953$46,007$39,099$33,129$14,655
16 years$58,481$49,501$41,712$35,009$29,279$12,117
17 years$54,469$45,589$37,956$31,455$25,961$10,039
18 years$50,907$42,126$34,649$28,347$23,083$8,332
19 years$47,724$39,042$31,720$25,614$20,575$6,924
20 years$44,863$36,280$29,111$23,199$18,378$5,761
21 years$42,277$33,793$26,776$21,054$16,446$4,798
22 years$39,930$31,544$24,679$19,143$14,742$4,000
23 years$37,790$29,503$22,786$17,434$13,233$3,336
24 years$35,831$27,642$21,073$15,901$11,894$2,784
25 years$34,032$25,941$19,518$14,522$10,703$2,324
26 years$32,373$24,380$18,102$13,278$9,641$1,941
27 years$30,841$22,945$16,809$12,153$8,692$1,622
28 years$29,420$21,621$15,627$11,135$7,843$1,355
29 years$28,100$20,397$14,542$10,211$7,082$1,133
30 years$26,869$19,262$13,545$9,371$6,399$947
31 years$25,721$18,209$12,628$8,607$5,785$792
32 years$24,647$17,230$11,782$7,910$5,233$662
33 years$23,639$16,317$11,001$7,274$4,736$554
34 years$22,693$15,465$10,279$6,693$4,288$463
35 years$21,803$14,668$9,610$6,161$3,884$388
36 years$20,965$13,922$8,990$5,674$3,519$324
37 years$20,173$13,223$8,414$5,228$3,189$271
38 years$19,425$12,566$7,880$4,819$2,891$227
39 years$18,717$11,949$7,382$4,443$2,622$190
40 years$18,046$11,369$6,919$4,098$2,378$159
41 years$17,410$10,822$6,488$3,781$2,158$133
42 years$16,806$10,307$6,086$3,489$1,958$111
43 years$16,231$9,820$5,711$3,221$1,777$93
44 years$15,683$9,361$5,361$2,974$1,613$78
45 years$15,162$8,926$5,034$2,747$1,464$65
46 years$14,665$8,515$4,728$2,537$1,329$55
47 years$14,190$8,126$4,442$2,344$1,207$46
48 years$13,737$7,757$4,174$2,166$1,096$38
49 years$13,303$7,408$3,923$2,002$996$32
50 years$12,888$7,076$3,688$1,850$904$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $13,200,000, adding $6,679 every year, while hoping to spend $39,885 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: 41/35/24 Blend
62$13,200,000$13,200,000$13,200,000$13,200,000
63$14,553,289$13,853,689$13,649,089$15,046,908
64$15,995,288$14,490,083$14,063,897$16,038,277
65$17,583,033$15,156,323$14,491,263$17,106,356
66$19,331,349$15,853,830$14,931,567$18,261,675
67$21,256,571$16,584,092$15,385,199$19,512,259
68$23,376,699$17,348,670$15,852,561$20,866,913
69$25,711,567$18,149,199$16,334,066$22,335,301
70$28,283,030$18,987,393$16,830,141$23,928,033
71$31,115,172$19,865,048$17,341,223$25,656,760
72$34,234,532$20,784,048$17,867,767$27,534,275
73$37,670,353$21,746,365$18,410,236$29,574,631
74$41,454,861$22,754,069$18,969,110$31,793,267
75$45,623,565$23,809,327$19,544,884$34,207,147
76$50,215,598$24,914,413$20,138,067$36,834,910
77$55,274,078$26,071,708$20,749,181$39,697,044
78$60,846,522$27,283,710$21,378,767$42,816,069
79$66,985,292$28,553,037$22,027,381$46,216,742
80$73,748,088$29,882,432$22,695,594$49,926,282
81$81,198,494$31,274,772$23,383,997$53,974,621
82$89,406,576$32,733,072$24,093,197$58,394,673
83$98,449,547$34,260,492$24,823,819$63,222,640
84$108,412,490$35,860,346$25,576,507$68,498,342
85$119,389,169$37,536,107$26,351,924$74,265,581
86$131,482,904$39,291,416$27,150,754$80,572,548
87$144,807,556$41,130,091$27,973,699$87,472,263
88$159,488,594$43,056,133$28,821,486$95,023,063
89$175,664,284$45,073,737$29,694,859$103,289,147
90$193,486,992$47,187,301$30,594,588$112,341,161
91$213,124,622$49,401,436$31,521,463$122,256,857
92$234,762,202$51,720,975$32,476,301$133,121,812
93$258,603,629$54,150,985$33,459,940$145,030,220
94$284,873,596$56,696,780$34,473,244$158,085,765
95$313,819,710$59,363,930$35,517,105$172,402,589
96$345,714,832$62,158,274$36,592,440$188,106,346
97$380,859,649$65,085,934$37,700,191$205,335,376
98$419,585,518$68,153,329$38,841,332$224,241,990
99$462,257,588$71,367,190$40,016,864$244,993,890
100$509,278,252$74,734,571$41,227,818$267,775,731