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%17.8%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,073,354
2 years$568,242$557,659$547,403$537,458$527,812$492,817
3 years$375,065$364,436$354,206$344,355$334,866$301,023
4 years$278,495$267,899$257,771$248,088$238,829$206,399
5 years$220,569$210,036$200,041$190,555$181,554$150,624
6 years$181,964$171,510$161,663$152,389$143,658$114,254
7 years$154,399$144,034$134,343$125,287$116,832$88,952
8 years$133,736$123,464$113,933$105,100$96,923$70,548
9 years$117,672$107,498$98,131$89,522$81,624$56,723
10 years$104,829$94,754$85,552$77,169$69,547$46,084
11 years$94,328$84,354$75,319$67,160$59,813$37,745
12 years$85,583$75,711$66,844$58,908$51,833$31,113
13 years$78,190$68,421$59,720$52,007$45,199$25,777
14 years$71,858$62,193$53,659$46,166$39,621$21,445
15 years$66,375$56,814$48,447$41,172$34,886$17,901
16 years$61,582$52,126$43,924$36,865$30,832$14,984
17 years$57,358$48,006$39,969$33,123$27,338$12,571
18 years$53,607$44,360$36,487$29,851$24,308$10,566
19 years$50,255$41,112$33,402$26,973$21,666$8,895
20 years$47,242$38,203$30,655$24,429$19,352$7,499
21 years$44,519$35,585$28,196$22,171$17,318$6,328
22 years$42,047$33,217$25,987$20,158$15,523$5,345
23 years$39,794$31,067$23,995$18,359$13,935$4,518
24 years$37,731$29,108$22,191$16,744$12,525$3,822
25 years$35,836$27,317$20,553$15,292$11,270$3,235
26 years$34,090$25,673$19,062$13,982$10,152$2,739
27 years$32,476$24,161$17,701$12,798$9,153$2,320
28 years$30,980$22,767$16,455$11,726$8,259$1,966
29 years$29,590$21,478$15,313$10,753$7,457$1,666
30 years$28,294$20,284$14,264$9,868$6,738$1,413
31 years$27,085$19,175$13,297$9,063$6,092$1,198
32 years$25,954$18,144$12,407$8,329$5,511$1,016
33 years$24,893$17,182$11,584$7,660$4,987$862
34 years$23,897$16,285$10,824$7,047$4,515$731
35 years$22,960$15,446$10,119$6,488$4,090$620
36 years$22,076$14,660$9,466$5,975$3,705$526
37 years$21,243$13,924$8,860$5,505$3,358$446
38 years$20,455$13,233$8,297$5,074$3,045$379
39 years$19,710$12,583$7,774$4,679$2,761$322
40 years$19,003$11,972$7,286$4,315$2,504$273
41 years$18,333$11,396$6,832$3,981$2,272$232
42 years$17,697$10,853$6,409$3,674$2,062$197
43 years$17,091$10,341$6,014$3,392$1,871$167
44 years$16,515$9,857$5,645$3,132$1,698$142
45 years$15,966$9,400$5,301$2,892$1,542$120
46 years$15,442$8,967$4,978$2,672$1,400$102
47 years$14,943$8,557$4,677$2,468$1,271$87
48 years$14,465$8,169$4,395$2,281$1,154$74
49 years$14,008$7,801$4,131$2,108$1,048$62
50 years$13,571$7,452$3,884$1,948$952$53

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 $6,846 every year, while hoping to spend $31,379 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: 80/14/6 Blend
62$13,900,000$13,900,000$13,900,000$13,900,000
63$15,324,862$14,588,162$14,372,712$16,543,428
64$16,854,611$15,269,595$14,820,810$18,023,576
65$18,539,342$15,983,366$15,282,869$19,642,407
66$20,394,831$16,731,027$15,759,322$21,417,651
67$22,438,462$17,514,205$16,250,616$23,364,900
68$24,689,388$18,334,605$16,757,215$25,501,319
69$27,168,718$19,194,013$17,279,595$27,845,810
70$29,899,712$20,094,304$17,818,245$30,419,183
71$32,908,001$21,037,443$18,373,674$33,244,357
72$36,221,828$22,025,488$18,946,404$36,346,564
73$39,872,317$23,060,601$19,536,971$39,753,595
74$43,893,767$24,145,043$20,145,933$43,496,054
75$48,323,970$25,281,189$20,773,860$47,607,643
76$53,204,574$26,471,527$21,421,344$52,125,481
77$58,581,474$27,718,665$22,088,993$57,090,450
78$64,505,244$29,025,339$22,777,434$62,547,576
79$71,031,615$30,394,417$23,487,314$68,546,454
80$78,222,002$31,828,905$24,219,301$75,141,710
81$86,144,080$33,331,956$24,974,081$82,393,512
82$94,872,429$34,906,874$25,752,365$90,368,139
83$104,489,231$36,557,125$26,554,884$99,138,598
84$115,085,051$38,286,342$27,382,391$108,785,311
85$126,759,689$40,098,336$28,235,664$119,396,870
86$139,623,123$41,997,100$29,115,505$131,070,868
87$153,796,546$43,986,823$30,022,739$143,914,814
88$169,413,513$46,071,897$30,958,220$158,047,149
89$186,621,196$48,256,924$31,922,825$173,598,351
90$205,581,779$50,546,735$32,917,461$190,712,167
91$226,473,987$52,946,391$33,943,062$209,546,961
92$249,494,770$55,461,200$35,000,590$230,277,205
93$274,861,166$58,096,729$36,091,040$253,095,120
94$302,812,349$60,858,813$37,215,434$278,212,480
95$333,611,887$63,753,573$38,374,830$305,862,613
96$367,550,227$66,787,425$39,570,314$336,302,585
97$404,947,440$69,967,099$40,803,009$369,815,631
98$446,156,242$73,299,651$42,074,073$406,713,814
99$491,565,324$76,792,478$43,384,699$447,340,961
100$541,603,017$80,453,340$44,736,117$492,075,909