Can I retire at age 63 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,089,392
2 years$572,330$561,671$551,341$541,325$531,609$504,582
3 years$377,763$367,058$356,754$346,832$337,275$311,052
4 years$280,499$269,827$259,625$249,873$240,547$215,331
5 years$222,156$211,547$201,480$191,926$182,860$158,721
6 years$183,273$172,744$162,826$153,485$144,691$121,654
7 years$155,510$145,070$135,309$126,189$117,673$95,740
8 years$134,698$124,352$114,753$105,856$97,621$76,783
9 years$118,519$108,271$98,837$90,166$82,211$62,452
10 years$105,583$95,436$86,168$77,724$70,048$51,344
11 years$95,006$84,961$75,861$67,643$60,243$42,570
12 years$86,199$76,256$67,325$59,332$52,206$35,532
13 years$78,752$68,913$60,150$52,381$45,524$29,818
14 years$72,375$62,640$54,045$46,498$39,906$25,134
15 years$66,852$57,223$48,795$41,468$35,137$21,262
16 years$62,025$52,501$44,240$37,130$31,054$18,042
17 years$57,770$48,351$40,257$33,361$27,535$15,347
18 years$53,993$44,679$36,749$30,065$24,482$13,083
19 years$50,616$41,408$33,642$27,167$21,822$11,172
20 years$47,582$38,478$30,875$24,605$19,492$9,555
21 years$44,839$35,841$28,399$22,330$17,443$8,182
22 years$42,350$33,456$26,174$20,303$15,635$7,014
23 years$40,080$31,291$24,167$18,491$14,035$6,019
24 years$38,003$29,318$22,351$16,865$12,615$5,168
25 years$36,094$27,513$20,701$15,402$11,351$4,441
26 years$34,335$25,858$19,199$14,082$10,225$3,818
27 years$32,710$24,335$17,828$12,890$9,219$3,285
28 years$31,203$22,931$16,574$11,810$8,318$2,827
29 years$29,803$21,633$15,423$10,830$7,511$2,433
30 years$28,498$20,430$14,366$9,939$6,787$2,096
31 years$27,280$19,313$13,393$9,128$6,136$1,805
32 years$26,140$18,274$12,496$8,389$5,550$1,555
33 years$25,072$17,306$11,668$7,715$5,023$1,340
34 years$24,069$16,402$10,902$7,098$4,548$1,155
35 years$23,125$15,557$10,192$6,534$4,119$996
36 years$22,235$14,766$9,535$6,018$3,732$858
37 years$21,396$14,024$8,924$5,545$3,383$740
38 years$20,602$13,328$8,357$5,111$3,067$638
39 years$19,852$12,674$7,830$4,712$2,781$550
40 years$19,140$12,058$7,339$4,346$2,522$475
41 years$18,465$11,478$6,881$4,010$2,288$409
42 years$17,824$10,931$6,455$3,701$2,076$353
43 years$17,214$10,415$6,057$3,416$1,885$305
44 years$16,634$9,928$5,686$3,154$1,711$263
45 years$16,081$9,467$5,339$2,913$1,553$227
46 years$15,554$9,031$5,014$2,691$1,410$196
47 years$15,050$8,619$4,711$2,486$1,280$169
48 years$14,569$8,228$4,427$2,297$1,163$146
49 years$14,109$7,857$4,161$2,123$1,056$126
50 years$13,669$7,505$3,912$1,962$959$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,000,000, adding $4,837 every year, while hoping to spend $21,787 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: 49/34/17 Blend
62$14,000,000$14,000,000$14,000,000$14,000,000
63$15,432,989$14,690,989$14,473,989$16,115,841
64$16,983,973$15,387,667$14,935,687$17,284,973
65$18,692,427$16,117,751$15,412,121$18,551,656
66$20,574,390$16,882,856$15,903,762$19,927,194
67$22,647,536$17,684,674$16,411,097$21,421,821
68$24,931,342$18,524,981$16,934,626$23,046,773
69$27,447,269$19,405,635$17,474,866$24,814,395
70$30,218,968$20,328,589$18,032,352$26,738,247
71$33,272,501$21,295,888$18,607,634$28,833,228
72$36,636,587$22,309,677$19,201,280$31,115,712
73$40,342,874$23,372,206$19,813,878$33,603,692
74$44,426,237$24,485,834$20,446,033$36,316,949
75$48,925,107$25,653,034$21,098,369$39,277,227
76$53,881,835$26,876,400$21,771,531$42,508,432
77$59,343,089$28,158,651$22,466,185$46,036,852
78$65,360,299$29,502,639$23,183,017$49,891,394
79$71,990,137$30,911,356$23,922,735$54,103,854
80$79,295,056$32,387,937$24,686,072$58,709,199
81$87,343,877$33,935,671$25,473,780$63,745,900
82$96,212,441$35,558,007$26,286,640$69,256,274
83$105,984,321$37,258,562$27,125,455$75,286,882
84$116,751,618$39,041,127$27,991,053$81,888,953
85$128,615,821$40,909,680$28,884,291$89,118,859
86$141,688,772$42,868,392$29,806,052$97,038,636
87$156,093,719$44,921,636$30,757,248$105,716,554
88$171,966,481$47,073,999$31,738,818$115,227,754
89$189,456,728$49,330,290$32,751,734$125,654,942
90$208,729,394$51,695,554$33,796,997$137,089,153
91$229,966,236$54,175,080$34,875,640$149,630,602
92$253,367,550$56,774,417$35,988,732$163,389,609
93$279,154,057$59,499,380$37,137,372$178,487,629
94$307,568,993$62,356,072$38,322,696$195,058,379
95$338,880,401$65,350,891$39,545,877$213,249,086
96$373,383,663$68,490,545$40,808,125$233,221,856
97$411,404,288$71,782,073$42,110,688$255,155,185
98$453,300,984$75,232,853$43,454,855$279,245,629
99$499,469,048$78,850,626$44,841,955$305,709,633
100$550,344,091$82,643,507$46,273,362$334,785,555