Can I retire at age 63 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,033,664
2 years$543,714$533,587$523,774$514,258$505,029$478,105
3 years$358,875$348,705$338,916$329,490$320,411$294,303
4 years$266,474$256,335$246,644$237,379$228,520$203,428
5 years$211,048$200,970$191,406$182,330$173,717$149,711
6 years$174,109$164,107$154,685$145,811$137,456$114,560
7 years$147,735$137,817$128,544$119,879$111,789$90,004
8 years$127,963$118,135$109,015$100,564$92,740$72,057
9 years$112,593$102,857$93,895$85,658$78,100$58,501
10 years$100,304$90,664$81,860$73,838$66,545$48,007
11 years$90,256$80,713$72,068$64,261$57,231$39,727
12 years$81,889$72,443$63,958$56,366$49,595$33,093
13 years$74,814$65,468$57,143$49,762$43,248$27,716
14 years$68,756$59,508$51,343$44,173$37,911$23,314
15 years$63,510$54,362$46,356$39,395$33,380$19,682
16 years$58,924$49,876$42,028$35,274$29,501$16,665
17 years$54,882$45,934$38,244$31,693$26,158$14,145
18 years$51,293$42,445$34,912$28,562$23,258$12,031
19 years$48,086$39,338$31,960$25,808$20,731$10,251
20 years$45,202$36,554$29,331$23,374$18,517$8,748
21 years$42,597$34,049$26,979$21,214$16,571$7,474
22 years$40,232$31,783$24,866$19,288$14,853$6,392
23 years$38,076$29,726$22,959$17,566$13,333$5,472
24 years$36,102$27,852$21,233$16,021$11,984$4,687
25 years$34,289$26,137$19,666$14,632$10,784$4,018
26 years$32,619$24,565$18,239$13,378$9,714$3,447
27 years$31,074$23,119$16,937$12,246$8,758$2,958
28 years$29,643$21,784$15,745$11,220$7,902$2,539
29 years$28,312$20,551$14,652$10,289$7,136$2,180
30 years$27,073$19,408$13,648$9,442$6,447$1,873
31 years$25,916$18,347$12,723$8,672$5,829$1,609
32 years$24,833$17,360$11,871$7,970$5,273$1,383
33 years$23,818$16,441$11,084$7,329$4,772$1,189
34 years$22,865$15,582$10,356$6,743$4,320$1,022
35 years$21,968$14,779$9,683$6,208$3,913$879
36 years$21,123$14,028$9,058$5,717$3,546$756
37 years$20,326$13,323$8,478$5,267$3,213$650
38 years$19,572$12,662$7,939$4,855$2,913$559
39 years$18,859$12,040$7,438$4,477$2,642$481
40 years$18,183$11,455$6,972$4,129$2,396$414
41 years$17,542$10,904$6,537$3,810$2,174$356
42 years$16,933$10,385$6,132$3,516$1,973$306
43 years$16,354$9,895$5,754$3,245$1,790$263
44 years$15,802$9,432$5,401$2,997$1,625$227
45 years$15,277$8,994$5,072$2,768$1,475$195
46 years$14,776$8,580$4,764$2,556$1,339$168
47 years$14,298$8,188$4,475$2,362$1,216$144
48 years$13,841$7,816$4,205$2,182$1,105$124
49 years$13,404$7,464$3,953$2,017$1,003$107
50 years$12,985$7,130$3,716$1,864$911$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $13,300,000, adding $2,066 every year, while hoping to spend $46,952 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: 60/31/9 Blend
62$13,300,000$13,300,000$13,300,000$13,300,000
63$14,658,731$13,953,831$13,747,681$15,508,571
64$16,103,965$14,587,612$14,158,272$16,712,586
65$17,695,039$15,250,875$14,581,044$18,019,740
66$19,446,780$15,945,015$15,016,355$19,444,337
67$21,375,524$16,671,493$15,464,575$20,997,690
68$23,499,272$17,431,841$15,926,084$22,692,235
69$25,837,862$18,227,665$16,401,271$24,541,645
70$28,413,150$19,060,646$16,890,540$26,560,958
71$31,249,222$19,932,549$17,394,304$28,766,711
72$34,372,618$20,845,219$17,912,989$31,177,092
73$37,812,584$21,800,594$18,447,032$33,812,110
74$41,601,346$22,800,701$18,996,886$36,693,774
75$45,774,415$23,847,668$19,563,015$39,846,300
76$50,370,925$24,943,723$20,145,895$43,296,331
77$55,433,995$26,091,201$20,746,018$47,073,183
78$61,011,144$27,292,551$21,363,891$51,209,119
79$67,154,732$28,550,338$22,000,033$55,739,643
80$73,922,461$29,867,250$22,654,980$60,703,831
81$81,377,913$31,246,107$23,329,283$66,144,691
82$89,591,155$32,689,861$24,023,509$72,109,567
83$98,639,398$34,201,609$24,738,241$78,650,569
84$108,607,725$35,784,596$25,474,081$85,825,068
85$119,589,895$37,442,224$26,231,645$93,696,220
86$131,689,228$39,178,056$27,011,569$102,333,559
87$145,019,580$40,995,832$27,814,507$111,813,642
88$159,706,416$42,899,467$28,641,132$122,220,765
89$175,887,997$44,893,067$29,492,136$133,647,744
90$193,716,682$46,980,937$30,368,232$146,196,787
91$213,360,369$49,167,588$31,270,153$159,980,442
92$235,004,076$51,457,749$32,198,653$175,122,652
93$258,851,691$53,856,378$33,154,507$191,759,911
94$285,127,895$56,368,672$34,138,515$210,042,545
95$314,080,282$59,000,078$35,151,496$230,136,109
96$345,981,696$61,756,308$36,194,297$252,222,945
97$381,132,809$64,643,347$37,267,786$276,503,885
98$419,864,956$67,667,472$38,372,857$303,200,132
99$462,543,265$70,835,261$39,510,432$332,555,334
100$509,570,103$74,153,614$40,681,456$364,837,867