Can I retire at age 63 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,070,783
2 years$568,242$557,659$547,403$537,458$527,812$490,285
3 years$375,065$364,436$354,206$344,355$334,866$298,613
4 years$278,495$267,899$257,771$248,088$238,829$204,128
5 years$220,569$210,036$200,041$190,555$181,554$148,496
6 years$181,964$171,510$161,663$152,389$143,658$112,269
7 years$154,399$144,034$134,343$125,287$116,832$87,108
8 years$133,736$123,464$113,933$105,100$96,923$68,841
9 years$117,672$107,498$98,131$89,522$81,624$55,148
10 years$104,829$94,754$85,552$77,169$69,547$44,636
11 years$94,328$84,354$75,319$67,160$59,813$36,417
12 years$85,583$75,711$66,844$58,908$51,833$29,899
13 years$78,190$68,421$59,720$52,007$45,199$24,671
14 years$71,858$62,193$53,659$46,166$39,621$20,439
15 years$66,375$56,814$48,447$41,172$34,886$16,989
16 years$61,582$52,126$43,924$36,865$30,832$14,159
17 years$57,358$48,006$39,969$33,123$27,338$11,827
18 years$53,607$44,360$36,487$29,851$24,308$9,896
19 years$50,255$41,112$33,402$26,973$21,666$8,294
20 years$47,242$38,203$30,655$24,429$19,352$6,959
21 years$44,519$35,585$28,196$22,171$17,318$5,846
22 years$42,047$33,217$25,987$20,158$15,523$4,915
23 years$39,794$31,067$23,995$18,359$13,935$4,135
24 years$37,731$29,108$22,191$16,744$12,525$3,481
25 years$35,836$27,317$20,553$15,292$11,270$2,932
26 years$34,090$25,673$19,062$13,982$10,152$2,471
27 years$32,476$24,161$17,701$12,798$9,153$2,083
28 years$30,980$22,767$16,455$11,726$8,259$1,756
29 years$29,590$21,478$15,313$10,753$7,457$1,481
30 years$28,294$20,284$14,264$9,868$6,738$1,249
31 years$27,085$19,175$13,297$9,063$6,092$1,054
32 years$25,954$18,144$12,407$8,329$5,511$890
33 years$24,893$17,182$11,584$7,660$4,987$751
34 years$23,897$16,285$10,824$7,047$4,515$634
35 years$22,960$15,446$10,119$6,488$4,090$535
36 years$22,076$14,660$9,466$5,975$3,705$452
37 years$21,243$13,924$8,860$5,505$3,358$381
38 years$20,455$13,233$8,297$5,074$3,045$322
39 years$19,710$12,583$7,774$4,679$2,761$272
40 years$19,003$11,972$7,286$4,315$2,504$230
41 years$18,333$11,396$6,832$3,981$2,272$194
42 years$17,697$10,853$6,409$3,674$2,062$164
43 years$17,091$10,341$6,014$3,392$1,871$138
44 years$16,515$9,857$5,645$3,132$1,698$117
45 years$15,966$9,400$5,301$2,892$1,542$99
46 years$15,442$8,967$4,978$2,672$1,400$83
47 years$14,943$8,557$4,677$2,468$1,271$70
48 years$14,465$8,169$4,395$2,281$1,154$59
49 years$14,008$7,801$4,131$2,108$1,048$50
50 years$13,571$7,452$3,884$1,948$952$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $13,900,000, adding $4,487 every year, while hoping to spend $45,534 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: 82/5/13 Blend
62$13,900,000$13,900,000$13,900,000$13,900,000
63$15,322,428$14,585,728$14,370,278$16,541,281
64$16,836,868$15,251,981$14,803,235$18,007,704
65$18,504,255$15,949,354$15,249,169$19,611,051
66$20,340,141$16,679,325$15,708,468$21,370,169
67$22,361,663$17,443,440$16,181,530$23,300,680
68$24,587,706$18,243,321$16,668,765$25,419,789
69$27,039,078$19,080,670$17,170,594$27,746,445
70$29,738,707$19,957,266$17,687,452$30,301,519
71$32,711,860$20,874,977$18,219,787$33,108,002
72$35,986,379$21,835,760$18,768,059$36,191,216
73$39,592,943$22,841,666$19,332,742$39,579,056
74$43,565,359$23,894,843$19,914,325$43,302,250
75$47,940,880$24,997,545$20,513,309$47,394,647
76$52,760,558$26,152,133$21,130,213$51,893,538
77$58,069,629$27,361,081$21,765,569$56,839,999
78$63,917,941$28,626,984$22,419,926$62,279,287
79$70,360,425$29,952,561$23,093,848$68,261,258
80$77,457,613$31,340,660$23,787,916$74,840,837
81$85,276,207$32,794,270$24,502,728$82,078,539
82$93,889,711$34,316,521$25,238,901$90,041,031
83$103,379,127$35,910,695$25,997,069$98,801,765
84$113,833,711$37,580,233$26,777,885$108,441,669
85$125,351,826$39,328,740$27,582,020$119,049,903
86$138,041,861$41,159,997$28,410,166$130,724,706
87$152,023,260$43,077,967$29,263,036$143,574,316
88$167,427,648$45,086,802$30,141,363$157,717,989
89$184,400,071$47,190,858$31,045,901$173,287,127
90$203,100,367$49,394,699$31,977,428$190,426,509
91$223,704,675$51,703,110$32,936,743$209,295,660
92$246,407,097$54,121,107$33,924,668$230,070,352
93$271,421,529$56,653,950$34,942,053$252,944,261
94$298,983,681$59,307,150$35,989,768$278,130,790
95$329,353,304$62,086,488$37,068,713$305,865,083
96$362,816,637$64,998,021$38,179,811$336,406,242
97$399,689,112$68,048,103$39,324,013$370,039,764
98$440,318,334$71,243,392$40,502,299$407,080,239
99$485,087,355$74,590,869$41,715,677$447,874,312
100$534,418,297$78,097,854$42,965,185$492,803,953