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

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,041,705
2 years$543,714$533,587$523,774$514,258$505,029$486,097
3 years$358,875$348,705$338,916$329,490$320,411$301,992
4 years$266,474$256,335$246,644$237,379$228,520$210,755
5 years$211,048$200,970$191,406$182,330$173,717$156,659
6 years$174,109$164,107$154,685$145,811$137,456$121,123
7 years$147,735$137,817$128,544$119,879$111,789$96,185
8 years$127,963$118,135$109,015$100,564$92,740$77,861
9 years$112,593$102,857$93,895$85,658$78,100$63,939
10 years$100,304$90,664$81,860$73,838$66,545$53,089
11 years$90,256$80,713$72,068$64,261$57,231$44,464
12 years$81,889$72,443$63,958$56,366$49,595$37,501
13 years$74,814$65,468$57,143$49,762$43,248$31,807
14 years$68,756$59,508$51,343$44,173$37,911$27,104
15 years$63,510$54,362$46,356$39,395$33,380$23,185
16 years$58,924$49,876$42,028$35,274$29,501$19,897
17 years$54,882$45,934$38,244$31,693$26,158$17,122
18 years$51,293$42,445$34,912$28,562$23,258$14,767
19 years$48,086$39,338$31,960$25,808$20,731$12,761
20 years$45,202$36,554$29,331$23,374$18,517$11,046
21 years$42,597$34,049$26,979$21,214$16,571$9,576
22 years$40,232$31,783$24,866$19,288$14,853$8,311
23 years$38,076$29,726$22,959$17,566$13,333$7,221
24 years$36,102$27,852$21,233$16,021$11,984$6,279
25 years$34,289$26,137$19,666$14,632$10,784$5,465
26 years$32,619$24,565$18,239$13,378$9,714$4,759
27 years$31,074$23,119$16,937$12,246$8,758$4,147
28 years$29,643$21,784$15,745$11,220$7,902$3,616
29 years$28,312$20,551$14,652$10,289$7,136$3,154
30 years$27,073$19,408$13,648$9,442$6,447$2,752
31 years$25,916$18,347$12,723$8,672$5,829$2,402
32 years$24,833$17,360$11,871$7,970$5,273$2,097
33 years$23,818$16,441$11,084$7,329$4,772$1,832
34 years$22,865$15,582$10,356$6,743$4,320$1,600
35 years$21,968$14,779$9,683$6,208$3,913$1,398
36 years$21,123$14,028$9,058$5,717$3,546$1,222
37 years$20,326$13,323$8,478$5,267$3,213$1,068
38 years$19,572$12,662$7,939$4,855$2,913$933
39 years$18,859$12,040$7,438$4,477$2,642$816
40 years$18,183$11,455$6,972$4,129$2,396$713
41 years$17,542$10,904$6,537$3,810$2,174$624
42 years$16,933$10,385$6,132$3,516$1,973$545
43 years$16,354$9,895$5,754$3,245$1,790$477
44 years$15,802$9,432$5,401$2,997$1,625$417
45 years$15,277$8,994$5,072$2,768$1,475$365
46 years$14,776$8,580$4,764$2,556$1,339$319
47 years$14,298$8,188$4,475$2,362$1,216$279
48 years$13,841$7,816$4,205$2,182$1,105$244
49 years$13,404$7,464$3,953$2,017$1,003$214
50 years$12,985$7,130$3,716$1,864$911$187

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 $5,831 every year, while hoping to spend $25,076 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: 43/44/13 Blend
62$13,300,000$13,300,000$13,300,000$13,300,000
63$14,662,615$13,957,715$13,751,565$15,237,521
64$16,131,521$14,614,962$14,185,561$16,297,527
65$17,749,415$15,303,574$14,633,257$17,442,227
66$19,531,467$16,025,061$15,095,083$18,681,789
67$21,494,394$16,781,007$15,571,486$20,024,925
68$23,656,618$17,573,072$16,062,926$21,481,194
69$26,038,437$18,402,996$16,569,878$23,061,080
70$28,662,220$19,272,605$17,092,831$24,776,093
71$31,552,617$20,183,813$17,632,291$26,638,863
72$34,736,789$21,138,626$18,188,779$28,663,258
73$38,244,671$22,139,147$18,762,832$30,864,506
74$42,109,245$23,187,583$19,355,004$33,259,328
75$46,366,860$24,286,247$19,965,869$35,866,093
76$51,057,569$25,437,563$20,596,015$38,704,980
77$56,225,511$26,644,073$21,246,052$41,798,159
78$61,919,326$27,908,445$21,916,607$45,169,993
79$68,192,612$29,233,474$22,608,328$48,847,260
80$75,104,435$30,622,091$23,321,884$52,859,390
81$82,719,884$32,077,370$24,057,964$57,238,737
82$91,110,685$33,602,534$24,817,278$62,020,873
83$100,355,878$35,200,961$25,600,560$67,244,911
84$110,542,566$36,876,197$26,408,568$72,953,863
85$121,766,734$38,631,957$27,242,081$79,195,031
86$134,134,155$40,472,136$28,101,904$86,020,444
87$147,761,390$42,400,822$28,988,869$93,487,334
88$162,776,887$44,422,298$29,903,832$101,658,660
89$179,322,197$46,541,058$30,847,677$110,603,689
90$197,553,303$48,761,812$31,821,316$120,398,632
91$217,642,099$51,089,500$32,825,690$131,127,351
92$239,778,011$53,529,303$33,861,768$142,882,128
93$264,169,783$56,086,654$34,930,553$155,764,520
94$291,047,450$58,767,249$36,033,075$169,886,300
95$320,664,508$61,577,062$37,170,401$185,370,491
96$353,300,308$64,522,358$38,343,630$202,352,504
97$389,262,692$67,609,707$39,553,894$220,981,399
98$428,890,900$70,845,996$40,802,363$241,421,265
99$472,558,773$74,238,451$42,090,244$263,852,746
100$520,678,281$77,794,648$43,418,780$288,474,724