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%16.3%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,064,320
2 years$560,066$549,635$539,526$529,725$520,218$492,057
3 years$369,668$359,193$349,109$339,400$330,048$302,745
4 years$274,488$264,045$254,062$244,518$235,393$209,157
5 years$217,395$207,014$197,163$187,814$178,942$153,847
6 years$179,346$169,043$159,337$150,196$141,591$117,660
7 years$152,178$141,962$132,410$123,484$115,151$92,388
8 years$131,811$121,687$112,294$103,588$95,529$73,922
9 years$115,979$105,951$96,719$88,234$80,449$59,979
10 years$103,321$93,390$84,321$76,059$68,547$49,189
11 years$92,971$83,140$74,235$66,194$58,952$40,679
12 years$84,352$74,622$65,882$58,061$51,087$33,865
13 years$77,065$67,437$58,861$51,259$44,549$28,343
14 years$70,824$61,298$52,887$45,502$39,051$23,825
15 years$65,420$55,997$47,750$40,580$34,384$20,099
16 years$60,696$51,376$43,292$36,335$30,388$17,006
17 years$56,533$47,315$39,394$32,647$26,945$14,424
18 years$52,836$43,721$35,962$29,421$23,958$12,260
19 years$49,532$40,521$32,921$26,584$21,354$10,438
20 years$46,562$37,654$30,214$24,077$19,074$8,900
21 years$43,878$35,073$27,791$21,852$17,069$7,598
22 years$41,442$32,739$25,613$19,868$15,300$6,493
23 years$39,221$30,620$23,649$18,094$13,734$5,554
24 years$37,188$28,689$21,872$16,503$12,345$4,754
25 years$35,321$26,924$20,258$15,072$11,108$4,072
26 years$33,600$25,304$18,788$13,781$10,006$3,490
27 years$32,009$23,814$17,446$12,614$9,021$2,993
28 years$30,534$22,440$16,219$11,557$8,140$2,567
29 years$29,164$21,169$15,093$10,598$7,350$2,203
30 years$27,887$19,992$14,058$9,726$6,641$1,890
31 years$26,695$18,899$13,106$8,933$6,004$1,623
32 years$25,580$17,882$12,228$8,210$5,431$1,394
33 years$24,535$16,935$11,418$7,549$4,915$1,197
34 years$23,553$16,051$10,668$6,946$4,450$1,028
35 years$22,629$15,224$9,974$6,394$4,031$883
36 years$21,759$14,449$9,330$5,889$3,652$759
37 years$20,937$13,724$8,733$5,426$3,310$652
38 years$20,161$13,042$8,178$5,001$3,001$561
39 years$19,426$12,402$7,662$4,611$2,721$482
40 years$18,730$11,800$7,182$4,253$2,468$414
41 years$18,070$11,232$6,734$3,924$2,239$356
42 years$17,442$10,697$6,317$3,622$2,032$306
43 years$16,845$10,192$5,927$3,343$1,844$263
44 years$16,278$9,715$5,564$3,087$1,674$226
45 years$15,736$9,264$5,224$2,851$1,520$194
46 years$15,220$8,838$4,907$2,633$1,380$167
47 years$14,728$8,434$4,610$2,433$1,253$144
48 years$14,257$8,051$4,332$2,248$1,138$124
49 years$13,807$7,689$4,072$2,078$1,033$106
50 years$13,376$7,344$3,828$1,920$939$91

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 $4,802 every year, while hoping to spend $46,010 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: 32/40/28 Blend
62$13,700,000$13,700,000$13,700,000$13,700,000
63$15,102,353$14,376,253$14,163,903$15,456,415
64$16,593,839$15,031,735$14,589,440$16,383,876
65$18,235,914$15,717,794$15,027,690$17,377,724
66$20,043,891$16,435,879$15,479,030$18,447,304
67$22,034,640$17,187,509$15,943,850$19,599,316
68$24,226,753$17,974,277$16,422,549$20,841,101
69$26,640,716$18,797,851$16,915,538$22,180,701
70$29,299,102$19,659,979$17,423,242$23,626,934
71$32,226,786$20,562,494$17,946,097$25,189,466
72$35,451,179$21,507,316$18,484,551$26,878,899
73$39,002,483$22,496,458$19,039,067$28,706,862
74$42,913,981$23,532,030$19,610,121$30,686,116
75$47,222,349$24,616,242$20,198,203$32,830,663
76$51,968,002$25,751,411$20,803,816$35,155,873
77$57,195,474$26,939,966$21,427,479$37,678,620
78$62,953,841$28,184,452$22,069,728$40,417,433
79$69,297,180$29,487,538$22,731,112$43,392,661
80$76,285,085$30,852,020$23,412,196$46,626,656
81$83,983,223$32,280,828$24,113,564$50,143,973
82$92,463,958$33,777,035$24,835,815$53,971,594
83$101,807,034$35,343,862$25,579,567$58,139,170
84$112,100,323$36,984,683$26,345,454$62,679,288
85$123,440,661$38,703,037$27,134,131$67,627,770
86$135,934,755$40,502,633$27,946,272$73,023,997
87$149,700,196$42,387,358$28,782,568$78,911,268
88$164,866,565$44,361,287$29,643,733$85,337,195
89$181,576,657$46,428,693$30,530,501$92,354,138
90$199,987,831$48,594,053$31,443,627$100,019,687
91$220,273,490$50,862,063$32,383,889$108,397,184
92$242,624,724$53,237,642$33,352,087$117,556,313
93$267,252,110$55,725,950$34,349,046$127,573,734
94$294,387,697$58,332,394$35,375,611$138,533,793
95$324,287,205$61,062,644$36,432,657$150,529,297
96$357,232,429$63,922,643$37,521,080$163,662,373
97$393,533,906$66,918,621$38,641,805$178,045,410
98$433,533,843$70,057,112$39,795,784$193,802,101
99$477,609,346$73,344,961$40,983,994$211,068,586
100$526,175,985$76,789,350$42,207,443$229,994,714