Can I retire at age 63 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,069,089
2 years$560,066$549,635$539,526$529,725$520,218$496,789
3 years$369,668$359,193$349,109$339,400$330,048$307,289
4 years$274,488$264,045$254,062$244,518$235,393$213,479
5 years$217,395$207,014$197,163$187,814$178,942$157,936
6 years$179,346$169,043$159,337$150,196$141,591$121,514
7 years$152,178$141,962$132,410$123,484$115,151$96,009
8 years$131,811$121,687$112,294$103,588$95,529$77,314
9 years$115,979$105,951$96,719$88,234$80,449$63,149
10 years$103,321$93,390$84,321$76,059$68,547$52,143
11 years$92,971$83,140$74,235$66,194$58,952$43,424
12 years$84,352$74,622$65,882$58,061$51,087$36,411
13 years$77,065$67,437$58,861$51,259$44,549$30,699
14 years$70,824$61,298$52,887$45,502$39,051$26,000
15 years$65,420$55,997$47,750$40,580$34,384$22,103
16 years$60,696$51,376$43,292$36,335$30,388$18,849
17 years$56,533$47,315$39,394$32,647$26,945$16,115
18 years$52,836$43,721$35,962$29,421$23,958$13,808
19 years$49,532$40,521$32,921$26,584$21,354$11,853
20 years$46,562$37,654$30,214$24,077$19,074$10,191
21 years$43,878$35,073$27,791$21,852$17,069$8,774
22 years$41,442$32,739$25,613$19,868$15,300$7,562
23 years$39,221$30,620$23,649$18,094$13,734$6,524
24 years$37,188$28,689$21,872$16,503$12,345$5,634
25 years$35,321$26,924$20,258$15,072$11,108$4,868
26 years$33,600$25,304$18,788$13,781$10,006$4,209
27 years$32,009$23,814$17,446$12,614$9,021$3,641
28 years$30,534$22,440$16,219$11,557$8,140$3,152
29 years$29,164$21,169$15,093$10,598$7,350$2,729
30 years$27,887$19,992$14,058$9,726$6,641$2,363
31 years$26,695$18,899$13,106$8,933$6,004$2,048
32 years$25,580$17,882$12,228$8,210$5,431$1,775
33 years$24,535$16,935$11,418$7,549$4,915$1,538
34 years$23,553$16,051$10,668$6,946$4,450$1,334
35 years$22,629$15,224$9,974$6,394$4,031$1,156
36 years$21,759$14,449$9,330$5,889$3,652$1,003
37 years$20,937$13,724$8,733$5,426$3,310$870
38 years$20,161$13,042$8,178$5,001$3,001$755
39 years$19,426$12,402$7,662$4,611$2,721$655
40 years$18,730$11,800$7,182$4,253$2,468$568
41 years$18,070$11,232$6,734$3,924$2,239$493
42 years$17,442$10,697$6,317$3,622$2,032$428
43 years$16,845$10,192$5,927$3,343$1,844$371
44 years$16,278$9,715$5,564$3,087$1,674$322
45 years$15,736$9,264$5,224$2,851$1,520$279
46 years$15,220$8,838$4,907$2,633$1,380$242
47 years$14,728$8,434$4,610$2,433$1,253$210
48 years$14,257$8,051$4,332$2,248$1,138$183
49 years$13,807$7,689$4,072$2,078$1,033$159
50 years$13,376$7,344$3,828$1,920$939$138

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $13,700,000, adding $5,335 every year, while hoping to spend $31,025 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: 72/13/15 Blend
62$13,700,000$13,700,000$13,700,000$13,700,000
63$15,102,903$14,376,803$14,164,453$16,139,190
64$16,610,389$15,048,256$14,605,952$17,498,566
65$18,270,598$15,751,570$15,061,201$18,982,416
66$20,099,077$16,488,275$15,530,629$20,606,533
67$22,112,953$17,259,971$16,014,675$22,384,792
68$24,331,104$18,068,339$16,513,797$24,332,472
69$26,774,329$18,915,140$17,028,461$26,466,389
70$29,465,549$19,802,220$17,559,153$28,805,055
71$32,430,021$20,731,515$18,106,370$31,368,852
72$35,695,577$21,705,053$18,670,628$34,180,219
73$39,292,887$22,724,962$19,252,455$37,263,865
74$43,255,748$23,793,471$19,852,399$40,646,993
75$47,621,402$24,912,920$20,471,023$44,359,560
76$52,430,891$26,085,759$21,108,908$48,434,553
77$57,729,440$27,314,559$21,766,654$52,908,300
78$63,566,884$28,602,013$22,444,878$57,820,805
79$69,998,142$29,950,948$23,144,217$63,216,128
80$77,083,733$31,364,324$23,865,328$69,142,792
81$84,890,345$32,845,249$24,608,889$75,654,240
82$93,491,471$34,396,976$25,375,598$82,809,335
83$102,968,095$36,022,921$26,166,173$90,672,910
84$113,409,459$37,726,663$26,981,359$99,316,379
85$124,913,909$39,511,955$27,821,920$108,818,402
86$137,589,819$41,382,732$28,688,645$119,265,627
87$151,556,614$43,343,120$29,582,349$130,753,500
88$166,945,901$45,397,444$30,503,869$143,387,162
89$183,902,705$47,550,242$31,454,071$157,282,437
90$202,586,846$49,806,269$32,433,848$172,566,918
91$223,174,441$52,170,512$33,444,118$189,381,165
92$245,859,567$54,648,200$34,485,829$207,880,029
93$270,856,099$57,244,818$35,559,960$228,234,106
94$298,399,721$59,966,114$36,667,519$250,631,336
95$328,750,155$62,818,116$37,809,544$275,278,778
96$362,193,614$65,807,148$38,987,107$302,404,553
97$399,045,501$68,939,836$40,201,313$332,259,990
98$439,653,387$72,223,133$41,453,302$365,121,989
99$484,400,292$75,664,326$42,744,247$401,295,631
100$533,708,303$79,271,059$44,075,360$441,117,046