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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.6%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,081,943
2 years$572,330$561,671$551,341$541,325$531,609$497,217
3 years$377,763$367,058$356,754$346,832$337,275$304,004
4 years$280,499$269,827$259,625$249,873$240,547$208,654
5 years$222,156$211,547$201,480$191,926$182,860$152,430
6 years$183,273$172,744$162,826$153,485$144,691$115,750
7 years$155,510$145,070$135,309$126,189$117,673$90,220
8 years$134,698$124,352$114,753$105,856$97,621$71,638
9 years$118,519$108,271$98,837$90,166$82,211$57,669
10 years$105,583$95,436$86,168$77,724$70,048$46,912
11 years$95,006$84,961$75,861$67,643$60,243$38,473
12 years$86,199$76,256$67,325$59,332$52,206$31,755
13 years$78,752$68,913$60,150$52,381$45,524$26,345
14 years$72,375$62,640$54,045$46,498$39,906$21,948
15 years$66,852$57,223$48,795$41,468$35,137$18,347
16 years$62,025$52,501$44,240$37,130$31,054$15,379
17 years$57,770$48,351$40,257$33,361$27,535$12,921
18 years$53,993$44,679$36,749$30,065$24,482$10,877
19 years$50,616$41,408$33,642$27,167$21,822$9,171
20 years$47,582$38,478$30,875$24,605$19,492$7,742
21 years$44,839$35,841$28,399$22,330$17,443$6,544
22 years$42,350$33,456$26,174$20,303$15,635$5,536
23 years$40,080$31,291$24,167$18,491$14,035$4,687
24 years$38,003$29,318$22,351$16,865$12,615$3,971
25 years$36,094$27,513$20,701$15,402$11,351$3,366
26 years$34,335$25,858$19,199$14,082$10,225$2,855
27 years$32,710$24,335$17,828$12,890$9,219$2,422
28 years$31,203$22,931$16,574$11,810$8,318$2,056
29 years$29,803$21,633$15,423$10,830$7,511$1,745
30 years$28,498$20,430$14,366$9,939$6,787$1,482
31 years$27,280$19,313$13,393$9,128$6,136$1,259
32 years$26,140$18,274$12,496$8,389$5,550$1,069
33 years$25,072$17,306$11,668$7,715$5,023$909
34 years$24,069$16,402$10,902$7,098$4,548$772
35 years$23,125$15,557$10,192$6,534$4,119$656
36 years$22,235$14,766$9,535$6,018$3,732$558
37 years$21,396$14,024$8,924$5,545$3,383$474
38 years$20,602$13,328$8,357$5,111$3,067$403
39 years$19,852$12,674$7,830$4,712$2,781$342
40 years$19,140$12,058$7,339$4,346$2,522$291
41 years$18,465$11,478$6,881$4,010$2,288$248
42 years$17,824$10,931$6,455$3,701$2,076$210
43 years$17,214$10,415$6,057$3,416$1,885$179
44 years$16,634$9,928$5,686$3,154$1,711$152
45 years$16,081$9,467$5,339$2,913$1,553$129
46 years$15,554$9,031$5,014$2,691$1,410$110
47 years$15,050$8,619$4,711$2,486$1,280$93
48 years$14,569$8,228$4,427$2,297$1,163$79
49 years$14,109$7,857$4,161$2,123$1,056$68
50 years$13,669$7,505$3,912$1,962$959$57

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 $6,627 every year, while hoping to spend $55,008 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: 49/38/13 Blend
62$14,000,000$14,000,000$14,000,000$14,000,000
63$15,434,836$14,692,836$14,475,836$16,135,763
64$16,950,661$15,354,257$14,902,248$17,279,993
65$18,619,257$16,046,243$15,341,102$18,515,938
66$20,456,147$16,770,236$15,792,755$19,857,241
67$22,478,439$17,527,742$16,257,577$21,313,789
68$24,704,982$18,320,343$16,735,948$22,896,443
69$27,156,544$19,149,695$17,228,257$24,617,131
70$29,856,013$20,017,531$17,734,905$26,488,955
71$32,828,607$20,925,671$18,256,305$28,526,314
72$36,102,116$21,876,019$18,792,881$30,745,029
73$39,707,159$22,870,571$19,345,070$33,162,490
74$43,677,479$23,911,420$19,913,320$35,797,812
75$48,050,258$25,000,755$20,498,092$38,672,007
76$52,866,467$26,140,875$21,099,861$41,808,178
77$58,171,255$27,334,186$21,719,115$45,231,729
78$64,014,372$28,583,210$22,356,354$48,970,599
79$70,450,641$29,890,590$23,012,095$53,055,513
80$77,540,473$31,259,096$23,686,867$57,520,268
81$85,350,440$32,691,631$24,381,216$62,402,041
82$93,953,900$34,191,236$25,095,702$67,741,733
83$103,431,692$35,761,100$25,830,901$73,584,343
84$113,872,894$37,404,564$26,587,406$79,979,383
85$125,375,671$39,125,129$27,365,826$86,981,339
86$138,048,195$40,926,466$28,166,787$94,650,169
87$152,009,669$42,812,421$28,990,933$103,051,859
88$167,391,451$44,787,025$29,838,925$112,259,037
89$184,338,294$46,854,504$30,711,443$122,351,642
90$203,009,711$49,019,287$31,609,188$133,417,668
91$223,581,484$51,286,014$32,532,878$145,553,980
92$246,247,319$53,659,552$33,483,253$158,867,216
93$271,220,674$56,144,999$34,461,071$173,474,773
94$298,736,781$58,747,702$35,467,114$189,505,907
95$329,054,855$61,473,262$36,502,186$207,102,931
96$362,460,551$64,327,552$37,567,110$226,422,546
97$399,268,655$67,316,730$38,662,735$247,637,297
98$439,826,054$70,447,246$39,789,933$270,937,187
99$484,515,016$73,725,865$40,949,600$296,531,449
100$533,756,793$77,159,678$42,142,657$324,650,502