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%19.6%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,073,358
2 years$572,330$561,671$551,341$541,325$531,609$488,779
3 years$377,763$367,058$356,754$346,832$337,275$295,983
4 years$280,499$269,827$259,625$249,873$240,547$201,109
5 years$222,156$211,547$201,480$191,926$182,860$145,377
6 years$183,273$172,744$162,826$153,485$144,691$109,188
7 years$155,510$145,070$135,309$126,189$117,673$84,138
8 years$134,698$124,352$114,753$105,856$97,621$66,022
9 years$118,519$108,271$98,837$90,166$82,211$52,502
10 years$105,583$95,436$86,168$77,724$70,048$42,173
11 years$95,006$84,961$75,861$67,643$60,243$34,140
12 years$86,199$76,256$67,325$59,332$52,206$27,806
13 years$78,752$68,913$60,150$52,381$45,524$22,756
14 years$72,375$62,640$54,045$46,498$39,906$18,696
15 years$66,852$57,223$48,795$41,468$35,137$15,407
16 years$62,025$52,501$44,240$37,130$31,054$12,730
17 years$57,770$48,351$40,257$33,361$27,535$10,539
18 years$53,993$44,679$36,749$30,065$24,482$8,740
19 years$50,616$41,408$33,642$27,167$21,822$7,258
20 years$47,582$38,478$30,875$24,605$19,492$6,035
21 years$44,839$35,841$28,399$22,330$17,443$5,022
22 years$42,350$33,456$26,174$20,303$15,635$4,183
23 years$40,080$31,291$24,167$18,491$14,035$3,486
24 years$38,003$29,318$22,351$16,865$12,615$2,907
25 years$36,094$27,513$20,701$15,402$11,351$2,425
26 years$34,335$25,858$19,199$14,082$10,225$2,024
27 years$32,710$24,335$17,828$12,890$9,219$1,689
28 years$31,203$22,931$16,574$11,810$8,318$1,411
29 years$29,803$21,633$15,423$10,830$7,511$1,178
30 years$28,498$20,430$14,366$9,939$6,787$984
31 years$27,280$19,313$13,393$9,128$6,136$822
32 years$26,140$18,274$12,496$8,389$5,550$687
33 years$25,072$17,306$11,668$7,715$5,023$574
34 years$24,069$16,402$10,902$7,098$4,548$480
35 years$23,125$15,557$10,192$6,534$4,119$401
36 years$22,235$14,766$9,535$6,018$3,732$335
37 years$21,396$14,024$8,924$5,545$3,383$280
38 years$20,602$13,328$8,357$5,111$3,067$234
39 years$19,852$12,674$7,830$4,712$2,781$196
40 years$19,140$12,058$7,339$4,346$2,522$164
41 years$18,465$11,478$6,881$4,010$2,288$137
42 years$17,824$10,931$6,455$3,701$2,076$114
43 years$17,214$10,415$6,057$3,416$1,885$96
44 years$16,634$9,928$5,686$3,154$1,711$80
45 years$16,081$9,467$5,339$2,913$1,553$67
46 years$15,554$9,031$5,014$2,691$1,410$56
47 years$15,050$8,619$4,711$2,486$1,280$47
48 years$14,569$8,228$4,427$2,297$1,163$39
49 years$14,109$7,857$4,161$2,123$1,056$33
50 years$13,669$7,505$3,912$1,962$959$27

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 $6,206 every year, while hoping to spend $47,410 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: 67/13/20 Blend
62$14,000,000$14,000,000$14,000,000$14,000,000
63$15,434,401$14,692,401$14,475,401$16,390,983
64$16,958,267$15,361,885$14,909,884$17,701,846
65$18,635,977$16,062,585$15,357,332$19,128,738
66$20,483,175$16,795,980$15,818,131$20,687,992
67$22,517,096$17,563,620$16,292,675$22,392,627
68$24,756,733$18,367,131$16,781,374$24,256,971
69$27,223,015$19,208,215$17,284,644$26,296,796
70$29,939,001$20,088,657$17,802,919$28,529,462
71$32,930,105$21,010,326$18,336,642$30,974,078
72$36,224,326$21,975,183$18,886,270$33,651,680
73$39,852,522$22,985,281$19,452,275$36,585,428
74$43,848,693$24,042,774$20,035,140$39,800,821
75$48,250,307$25,149,917$20,635,364$43,325,932
76$53,098,650$26,309,075$21,253,461$47,191,675
77$58,439,219$27,522,727$21,889,959$51,432,088
78$64,322,149$28,793,469$22,545,401$56,084,654
79$70,802,683$30,124,025$23,220,348$61,190,652
80$77,941,703$31,517,247$23,915,375$66,795,537
81$85,806,292$32,976,128$24,631,075$72,949,373
82$94,470,377$34,503,802$25,368,060$79,707,296
83$104,015,422$36,103,554$26,126,956$87,130,033
84$114,531,197$37,778,831$26,908,412$95,284,468
85$126,116,627$39,533,241$27,713,091$104,244,271
86$138,880,722$41,370,569$28,541,679$114,090,587
87$152,943,612$43,294,783$29,394,881$124,912,799
88$168,437,674$45,310,041$30,273,423$136,809,364
89$185,508,785$47,420,702$31,178,051$149,888,738
90$204,317,699$49,631,334$32,109,534$164,270,394
91$225,041,564$51,946,729$33,068,663$180,085,944
92$247,875,592$54,371,907$34,056,252$197,480,375
93$273,034,904$56,912,132$35,073,138$216,613,411
94$300,756,560$59,572,922$36,120,183$237,661,012
95$331,301,795$62,360,062$37,198,276$260,817,034
96$364,958,489$65,279,616$38,308,329$286,295,043
97$402,043,879$68,337,941$39,451,282$314,330,331
98$442,907,557$71,541,702$40,628,102$345,182,124
99$487,934,769$74,897,886$41,839,784$379,136,024
100$537,550,051$78,413,819$43,087,353$416,506,695