Can I retire at age 63 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,028,578
2 years$547,802$537,599$527,712$518,125$508,826$469,028
3 years$361,573$351,327$341,464$331,968$322,820$284,432
4 years$268,478$258,263$248,499$239,164$230,238$193,553
5 years$212,635$202,481$192,845$183,701$175,023$140,137
6 years$175,418$165,341$155,848$146,907$138,490$105,426
7 years$148,845$138,853$129,510$120,780$112,629$81,379
8 years$128,925$119,023$109,835$101,320$93,437$63,971
9 years$113,439$103,631$94,601$86,302$78,687$50,965
10 years$101,058$91,345$82,475$74,393$67,046$41,017
11 years$90,935$81,319$72,610$64,744$57,661$33,269
12 years$82,505$72,988$64,439$56,789$49,968$27,151
13 years$75,377$65,960$57,572$50,137$43,573$22,266
14 years$69,273$59,956$51,729$44,506$38,196$18,331
15 years$63,987$54,771$46,704$39,691$33,631$15,139
16 years$59,367$50,251$42,344$35,539$29,723$12,535
17 years$55,295$46,279$38,532$31,932$26,354$10,401
18 years$51,679$42,764$35,174$28,777$23,433$8,645
19 years$48,447$39,633$32,200$26,002$20,887$7,196
20 years$45,542$36,829$29,552$23,550$18,656$5,997
21 years$42,918$34,305$27,182$21,373$16,695$5,002
22 years$40,535$32,022$25,053$19,433$14,965$4,176
23 years$38,362$29,950$23,132$17,698$13,433$3,488
24 years$36,374$28,061$21,393$16,142$12,074$2,916
25 years$34,547$26,334$19,814$14,742$10,865$2,438
26 years$32,864$24,750$18,376$13,479$9,787$2,040
27 years$31,308$23,292$17,064$12,338$8,824$1,707
28 years$29,866$21,948$15,863$11,304$7,962$1,429
29 years$28,525$20,706$14,762$10,366$7,189$1,196
30 years$27,277$19,554$13,750$9,513$6,496$1,002
31 years$26,111$18,485$12,819$8,737$5,873$839
32 years$25,020$17,491$11,960$8,030$5,312$703
33 years$23,997$16,564$11,168$7,384$4,808$589
34 years$23,037$15,699$10,434$6,794$4,353$493
35 years$22,134$14,890$9,755$6,254$3,943$413
36 years$21,282$14,133$9,126$5,760$3,572$346
37 years$20,479$13,423$8,542$5,307$3,238$290
38 years$19,720$12,757$7,999$4,892$2,935$243
39 years$19,001$12,130$7,494$4,510$2,662$204
40 years$18,320$11,541$7,024$4,160$2,414$171
41 years$17,674$10,986$6,586$3,838$2,190$143
42 years$17,060$10,463$6,178$3,542$1,987$120
43 years$16,477$9,969$5,798$3,270$1,804$101
44 years$15,921$9,502$5,442$3,019$1,637$84
45 years$15,392$9,061$5,110$2,788$1,486$71
46 years$14,887$8,644$4,799$2,576$1,350$59
47 years$14,405$8,249$4,509$2,380$1,225$50
48 years$13,945$7,875$4,237$2,199$1,113$42
49 years$13,504$7,520$3,983$2,032$1,011$35
50 years$13,083$7,184$3,744$1,878$918$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $13,400,000, adding $2,635 every year, while hoping to spend $41,304 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: 51/27/22 Blend
62$13,400,000$13,400,000$13,400,000$13,400,000
63$14,769,518$14,059,318$13,851,618$15,432,030
64$16,232,062$14,704,277$14,271,700$16,535,584
65$17,842,401$15,379,456$14,704,471$17,730,357
66$19,615,566$16,086,289$15,150,311$19,028,582
67$21,568,121$16,826,285$15,609,614$20,440,085
68$23,718,318$17,601,022$16,082,784$21,975,662
69$26,086,268$18,412,153$16,570,239$23,647,180
70$28,694,132$19,261,413$17,072,406$25,467,683
71$31,566,330$20,150,619$17,589,729$27,451,511
72$34,729,773$21,081,677$18,122,662$29,614,430
73$38,214,113$22,056,582$18,671,675$31,973,779
74$42,052,025$23,077,428$19,237,249$34,548,624
75$46,279,517$24,146,407$19,819,882$37,359,937
76$50,936,266$25,265,819$20,420,086$40,430,783
77$56,065,995$26,438,074$21,038,388$43,786,541
78$61,716,884$27,665,697$21,675,332$47,455,126
79$67,942,027$28,951,337$22,331,476$51,467,255
80$74,799,930$30,297,769$23,007,397$55,856,728
81$82,355,066$31,707,902$23,703,688$60,660,738
82$90,678,480$33,184,787$24,420,959$65,920,217
83$99,848,463$34,731,619$25,159,839$71,680,215
84$109,951,288$36,351,751$25,920,976$77,990,316
85$121,082,028$38,048,695$26,705,037$84,905,099
86$133,345,448$39,826,134$27,512,709$92,484,644
87$146,856,998$41,687,929$28,344,699$100,795,090
88$161,743,901$43,638,127$29,201,736$109,909,251
89$178,146,354$45,680,970$30,084,569$119,907,294
90$196,218,852$47,820,907$30,993,971$130,877,482
91$216,131,644$50,062,600$31,930,738$142,917,002
92$238,072,342$52,410,938$32,895,688$156,132,866
93$262,247,692$54,871,046$33,889,665$170,642,912
94$288,885,525$57,448,296$34,913,538$186,576,907
95$318,236,907$60,148,321$35,968,200$204,077,752
96$350,578,510$62,977,026$37,054,572$223,302,825
97$386,215,221$65,940,604$38,173,604$244,425,449
98$425,483,024$69,045,544$39,326,270$267,636,514
99$468,752,170$72,298,653$40,513,577$293,146,264
100$516,430,669$75,707,065$41,736,560$321,186,266