Can I retire at age 63 with 13,500,000?

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 $13,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,064,824
2 years$551,890$541,611$531,650$521,992$512,623$500,858
3 years$364,272$353,949$344,013$334,445$325,229$313,749
4 years$270,481$260,190$250,353$240,949$231,956$220,849
5 years$214,222$203,992$194,284$185,072$176,329$165,628
6 years$176,727$166,575$157,011$148,003$139,524$129,241
7 years$149,956$139,889$130,477$121,682$113,470$103,610
8 years$129,887$119,911$110,654$102,076$94,134$84,697
9 years$114,286$104,404$95,307$86,946$79,275$70,257
10 years$101,812$92,027$83,091$74,948$67,546$58,941
11 years$91,613$81,926$73,152$65,227$58,092$49,893
12 years$83,120$73,533$64,920$57,213$50,341$42,540
13 years$75,940$66,452$58,002$50,511$43,898$36,485
14 years$69,790$60,403$52,115$44,838$38,481$31,445
15 years$64,465$55,179$47,053$39,987$33,882$27,213
16 years$59,810$50,626$42,660$35,804$29,945$23,631
17 years$55,707$46,625$38,819$32,170$26,551$20,581
18 years$52,064$43,083$35,437$28,992$23,608$17,970
19 years$48,809$39,929$32,441$26,196$21,042$15,723
20 years$45,882$37,104$29,772$23,726$18,795$13,783
21 years$43,238$34,561$27,385$21,533$16,820$12,102
22 years$40,837$32,261$25,239$19,578$15,077$10,640
23 years$38,649$30,173$23,304$17,830$13,534$9,366
24 years$36,645$28,271$21,552$16,262$12,164$8,254
25 years$34,805$26,531$19,962$14,852$10,946$7,280
26 years$33,109$24,934$18,514$13,580$9,860$6,426
27 years$31,542$23,466$17,192$12,430$8,889$5,677
28 years$30,089$22,112$15,982$11,388$8,021$5,018
29 years$28,738$20,860$14,872$10,443$7,243$4,438
30 years$27,480$19,700$13,853$9,584$6,544$3,927
31 years$26,306$18,623$12,915$8,802$5,917$3,476
32 years$25,207$17,621$12,050$8,090$5,352$3,078
33 years$24,177$16,688$11,251$7,439$4,844$2,727
34 years$23,209$15,816$10,512$6,845$4,385$2,416
35 years$22,299$15,001$9,828$6,301$3,972$2,141
36 years$21,441$14,239$9,194$5,803$3,599$1,898
37 years$20,632$13,523$8,605$5,347$3,262$1,683
38 years$19,867$12,852$8,059$4,928$2,957$1,493
39 years$19,143$12,221$7,550$4,544$2,682$1,324
40 years$18,457$11,627$7,077$4,191$2,432$1,175
41 years$17,806$11,068$6,636$3,867$2,207$1,042
42 years$17,187$10,541$6,224$3,569$2,002$925
43 years$16,600$10,043$5,841$3,294$1,817$821
44 years$16,040$9,573$5,483$3,042$1,649$728
45 years$15,507$9,129$5,148$2,809$1,497$646
46 years$14,998$8,709$4,835$2,595$1,360$574
47 years$14,513$8,311$4,543$2,397$1,235$509
48 years$14,049$7,934$4,269$2,215$1,121$452
49 years$13,605$7,576$4,012$2,047$1,018$401
50 years$13,181$7,237$3,772$1,892$925$356

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $13,500,000, adding $2,389 every year, while hoping to spend $38,344 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: 50/22/28 Blend
62$13,500,000$13,500,000$13,500,000$13,500,000
63$14,879,464$14,163,964$13,954,714$15,505,384
64$16,356,372$14,817,201$14,381,399$16,596,467
65$17,982,639$15,501,161$14,821,093$17,777,715
66$19,773,460$16,217,309$15,274,192$19,060,941
67$21,745,577$16,967,182$15,741,101$20,455,845
68$23,917,439$17,752,387$16,222,242$21,973,084
69$26,309,377$18,574,613$16,718,046$23,624,374
70$28,943,792$19,435,627$17,228,959$25,422,596
71$31,845,369$20,337,283$17,755,439$27,381,912
72$35,041,310$21,281,524$18,297,960$29,517,896
73$38,561,590$22,270,385$18,857,008$31,847,674
74$42,439,239$23,306,001$19,433,085$34,390,085
75$46,710,657$24,390,610$20,026,708$37,165,849
76$51,415,951$25,526,558$20,638,411$40,197,764
77$56,599,321$26,716,302$21,268,740$43,510,907
78$62,309,472$27,962,420$21,918,263$47,132,875
79$68,600,074$29,267,615$22,587,560$51,094,032
80$75,530,271$30,634,717$23,277,233$55,427,793
81$83,165,237$32,066,697$23,987,899$60,170,935
82$91,576,792$33,566,666$24,720,195$65,363,931
83$100,844,080$35,137,888$25,474,777$71,051,334
84$111,054,315$36,783,783$26,252,320$77,282,184
85$122,303,604$38,507,938$27,053,522$84,110,464
86$134,697,856$40,314,111$27,879,099$91,595,607
87$148,353,779$42,206,244$28,729,791$99,803,041
88$163,399,983$44,188,469$29,606,357$108,804,805
89$179,978,195$46,265,117$30,509,584$118,680,217
90$198,244,595$48,440,731$31,440,278$129,516,614
91$218,371,288$50,720,072$32,399,273$141,410,167
92$240,547,935$53,108,131$33,387,424$154,466,778
93$264,983,538$55,610,143$34,405,616$168,803,072
94$291,908,413$58,231,594$35,454,758$184,547,482
95$321,576,367$60,978,238$36,535,788$201,841,455
96$354,267,091$63,856,106$37,649,672$220,840,773
97$390,288,801$66,871,523$38,797,403$241,717,011
98$429,981,150$70,031,118$39,980,007$264,659,143
99$473,718,430$73,341,845$41,198,540$289,875,315
100$521,913,106$76,810,993$42,454,088$317,594,793