Can I retire at age 63 with 13,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,085,780
2 years$564,154$553,647$543,464$533,591$524,015$509,278
3 years$372,367$361,815$351,657$341,877$332,457$318,091
4 years$276,492$265,972$255,917$246,303$237,111$223,228
5 years$218,982$208,525$198,602$189,185$180,248$166,888
6 years$180,655$170,277$160,500$151,292$142,624$129,803
7 years$153,289$142,998$133,376$124,386$115,992$103,714
8 years$132,774$122,576$113,113$104,344$96,226$84,491
9 years$116,826$106,724$97,425$88,878$81,036$69,838
10 years$104,075$94,072$84,937$76,614$69,047$58,377
11 years$93,649$83,747$74,777$66,677$59,383$49,231
12 years$84,967$75,167$66,363$58,485$51,460$41,816
13 years$77,627$67,929$59,291$51,633$44,874$35,724
14 years$71,341$61,745$53,273$45,834$39,336$30,667
15 years$65,897$56,405$48,098$40,876$34,635$26,432
16 years$61,139$51,751$43,608$36,600$30,610$22,858
17 years$56,945$47,661$39,682$32,885$27,141$19,824
18 years$53,221$44,041$36,224$29,636$24,133$17,234
19 years$49,893$40,816$33,162$26,779$21,510$15,014
20 years$46,902$37,929$30,434$24,253$19,213$13,103
21 years$44,199$35,329$27,994$22,011$17,194$11,453
22 years$41,745$32,978$25,800$20,013$15,412$10,024
23 years$39,507$30,844$23,822$18,226$13,834$8,784
24 years$37,460$28,899$22,031$16,624$12,435$7,704
25 years$35,579$27,120$20,405$15,182$11,189$6,764
26 years$33,845$25,489$18,925$13,881$10,079$5,942
27 years$32,243$23,988$17,574$12,706$9,087$5,224
28 years$30,757$22,603$16,337$11,641$8,199$4,595
29 years$29,377$21,324$15,203$10,675$7,404$4,044
30 years$28,091$20,138$14,161$9,797$6,690$3,561
31 years$26,890$19,037$13,202$8,998$6,048$3,137
32 years$25,767$18,013$12,318$8,269$5,471$2,764
33 years$24,714$17,059$11,501$7,604$4,951$2,436
34 years$23,725$16,168$10,746$6,997$4,483$2,148
35 years$22,794$15,335$10,047$6,441$4,060$1,894
36 years$21,918$14,555$9,398$5,932$3,679$1,671
37 years$21,090$13,824$8,797$5,465$3,334$1,474
38 years$20,308$13,138$8,238$5,038$3,023$1,300
39 years$19,568$12,493$7,718$4,645$2,741$1,148
40 years$18,867$11,886$7,234$4,284$2,486$1,013
41 years$18,201$11,314$6,783$3,953$2,256$894
42 years$17,569$10,775$6,363$3,648$2,047$789
43 years$16,968$10,266$5,971$3,367$1,858$697
44 years$16,396$9,786$5,604$3,109$1,686$615
45 years$15,851$9,332$5,262$2,872$1,531$543
46 years$15,331$8,902$4,943$2,652$1,390$480
47 years$14,835$8,496$4,643$2,451$1,262$423
48 years$14,361$8,110$4,364$2,264$1,146$374
49 years$13,908$7,745$4,101$2,093$1,041$330
50 years$13,474$7,398$3,856$1,934$945$292

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $13,800,000, adding $6,204 every year, while hoping to spend $42,085 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: 47/45/8 Blend
62$13,800,000$13,800,000$13,800,000$13,800,000
63$15,213,999$14,482,599$14,268,699$15,895,721
64$16,721,049$15,147,469$14,701,923$17,029,672
65$18,380,408$15,843,506$15,148,249$18,254,689
66$20,207,566$16,572,194$15,608,071$19,583,148
67$22,219,593$17,335,087$16,081,797$21,024,658
68$24,435,299$18,133,814$16,569,845$22,589,765
69$26,875,410$18,970,082$17,072,646$24,290,044
70$29,562,766$19,845,680$17,590,643$26,138,206
71$32,522,533$20,762,483$18,124,294$28,148,210
72$35,782,443$21,722,457$18,674,070$30,335,387
73$39,373,057$22,727,661$19,240,456$32,716,576
74$43,328,049$23,780,257$19,823,951$35,310,281
75$47,684,526$24,882,506$20,425,070$38,136,832
76$52,483,380$26,036,781$21,044,342$41,218,572
77$57,769,671$27,245,569$21,682,314$44,580,058
78$63,593,052$28,511,477$22,339,546$48,248,285
79$70,008,241$29,837,237$23,016,619$52,252,932
80$77,075,533$31,225,713$23,714,127$56,626,628
81$84,861,373$32,679,908$24,432,685$61,405,257
82$93,438,978$34,202,968$25,172,925$66,628,280
83$102,889,033$35,798,194$25,935,498$72,339,096
84$113,300,452$37,469,043$26,721,075$78,585,447
85$124,771,213$39,219,140$27,530,345$85,419,847
86$137,409,286$41,052,287$28,364,021$92,900,073
87$151,333,651$42,972,468$29,222,834$101,089,689
88$166,675,424$44,983,859$30,107,539$110,058,641
89$183,579,088$47,090,839$31,018,912$119,883,892
90$202,203,863$49,297,998$31,957,754$130,650,144
91$222,725,206$51,610,149$32,924,888$142,450,611
92$245,336,467$54,032,336$33,921,162$155,387,890
93$270,250,715$56,569,849$34,947,449$169,574,907
94$297,702,750$59,228,234$36,004,650$185,135,965
95$327,951,316$62,013,302$37,093,691$202,207,901
96$361,281,546$64,931,150$38,215,526$220,941,352
97$398,007,654$67,988,167$39,371,137$241,502,160
98$438,475,901$71,191,053$40,561,536$264,072,913
99$483,067,859$74,546,831$41,787,764$288,854,646
100$532,204,021$78,062,866$43,050,894$316,068,713