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%15.2%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,092,500
2 years$572,330$561,671$551,341$541,325$531,609$507,667
3 years$377,763$367,058$356,754$346,832$337,275$314,018
4 years$280,499$269,827$259,625$249,873$240,547$218,154
5 years$222,156$211,547$201,480$191,926$182,860$161,394
6 years$183,273$172,744$162,826$153,485$144,691$124,175
7 years$155,510$145,070$135,309$126,189$117,673$98,111
8 years$134,698$124,352$114,753$105,856$97,621$79,007
9 years$118,519$108,271$98,837$90,166$82,211$64,531
10 years$105,583$95,436$86,168$77,724$70,048$53,285
11 years$95,006$84,961$75,861$67,643$60,243$44,375
12 years$86,199$76,256$67,325$59,332$52,206$37,208
13 years$78,752$68,913$60,150$52,381$45,524$31,371
14 years$72,375$62,640$54,045$46,498$39,906$26,570
15 years$66,852$57,223$48,795$41,468$35,137$22,587
16 years$62,025$52,501$44,240$37,130$31,054$19,261
17 years$57,770$48,351$40,257$33,361$27,535$16,468
18 years$53,993$44,679$36,749$30,065$24,482$14,110
19 years$50,616$41,408$33,642$27,167$21,822$12,113
20 years$47,582$38,478$30,875$24,605$19,492$10,414
21 years$44,839$35,841$28,399$22,330$17,443$8,966
22 years$42,350$33,456$26,174$20,303$15,635$7,728
23 years$40,080$31,291$24,167$18,491$14,035$6,667
24 years$38,003$29,318$22,351$16,865$12,615$5,757
25 years$36,094$27,513$20,701$15,402$11,351$4,975
26 years$34,335$25,858$19,199$14,082$10,225$4,301
27 years$32,710$24,335$17,828$12,890$9,219$3,721
28 years$31,203$22,931$16,574$11,810$8,318$3,221
29 years$29,803$21,633$15,423$10,830$7,511$2,789
30 years$28,498$20,430$14,366$9,939$6,787$2,415
31 years$27,280$19,313$13,393$9,128$6,136$2,093
32 years$26,140$18,274$12,496$8,389$5,550$1,813
33 years$25,072$17,306$11,668$7,715$5,023$1,572
34 years$24,069$16,402$10,902$7,098$4,548$1,363
35 years$23,125$15,557$10,192$6,534$4,119$1,182
36 years$22,235$14,766$9,535$6,018$3,732$1,025
37 years$21,396$14,024$8,924$5,545$3,383$889
38 years$20,602$13,328$8,357$5,111$3,067$771
39 years$19,852$12,674$7,830$4,712$2,781$669
40 years$19,140$12,058$7,339$4,346$2,522$580
41 years$18,465$11,478$6,881$4,010$2,288$504
42 years$17,824$10,931$6,455$3,701$2,076$437
43 years$17,214$10,415$6,057$3,416$1,885$379
44 years$16,634$9,928$5,686$3,154$1,711$329
45 years$16,081$9,467$5,339$2,913$1,553$286
46 years$15,554$9,031$5,014$2,691$1,410$248
47 years$15,050$8,619$4,711$2,486$1,280$215
48 years$14,569$8,228$4,427$2,297$1,163$187
49 years$14,109$7,857$4,161$2,123$1,056$162
50 years$13,669$7,505$3,912$1,962$959$141

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 $3,563 every year, while hoping to spend $48,175 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: 66/24/10 Blend
62$14,000,000$14,000,000$14,000,000$14,000,000
63$15,431,675$14,689,675$14,472,675$16,417,487
64$16,954,448$15,358,211$14,906,252$17,742,679
65$18,630,930$16,057,891$15,352,739$19,184,446
66$20,476,746$16,790,190$15,812,518$20,758,965
67$22,509,119$17,556,654$16,285,981$22,479,189
68$24,747,021$18,358,902$16,773,534$24,359,368
69$27,211,361$19,198,632$17,275,591$26,415,181
70$29,925,179$20,077,624$17,792,582$28,663,876
71$32,913,861$20,997,741$18,324,948$31,124,434
72$36,205,382$21,960,938$18,873,141$33,817,739
73$39,830,570$22,969,263$19,437,630$36,766,776
74$43,823,392$24,024,861$20,018,895$39,996,843
75$48,221,280$25,129,981$20,617,430$43,535,780
76$53,065,482$26,286,981$21,233,745$47,414,234
77$58,401,450$27,498,332$21,868,364$51,665,941
78$64,279,270$28,766,622$22,521,826$56,328,036
79$70,754,135$30,094,566$23,194,687$61,441,404
80$77,886,865$31,485,009$23,887,517$67,051,055
81$85,744,482$32,940,931$24,600,906$73,206,547
82$94,400,840$34,465,457$25,335,457$79,962,446
83$103,937,325$36,061,864$26,091,794$87,378,834
84$114,443,621$37,733,584$26,870,558$95,521,870
85$126,018,556$39,484,216$27,672,408$104,464,410
86$138,771,038$41,317,532$28,498,023$114,286,683
87$152,821,079$43,237,486$29,348,102$125,077,046
88$168,300,929$45,248,222$30,223,363$136,932,803
89$185,356,325$47,354,086$31,124,547$149,961,124
90$204,147,866$49,559,632$32,052,414$164,280,039
91$224,852,527$51,869,632$33,007,749$180,019,551
92$247,665,333$54,289,093$33,991,357$197,322,848
93$272,801,198$56,823,259$35,004,068$216,347,647
94$300,496,952$59,477,631$36,046,736$237,267,675
95$331,013,578$62,257,972$37,120,240$260,274,291
96$364,638,678$65,170,328$38,225,483$285,578,288
97$401,689,182$68,221,033$39,363,395$313,411,868
98$442,514,345$71,416,729$40,534,935$344,030,823
99$487,499,039$74,764,380$41,741,086$377,716,933
100$537,067,391$78,271,285$42,982,862$414,780,616