Can I retire at age 63 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,087,927
2 years$576,418$565,683$555,279$545,191$535,407$499,049
3 years$380,462$369,680$359,302$349,309$339,684$304,537
4 years$282,503$271,754$261,480$251,658$242,265$208,598
5 years$223,742$213,058$202,919$193,297$184,166$152,068
6 years$184,582$173,978$163,989$154,581$145,725$115,222
7 years$156,621$146,107$136,275$127,090$118,513$89,604
8 years$135,660$125,240$115,572$106,613$98,318$70,981
9 years$119,365$109,044$99,543$90,810$82,798$57,002
10 years$106,337$96,117$86,783$78,279$70,548$46,253
11 years$95,685$85,567$76,403$68,126$60,674$37,834
12 years$86,815$76,801$67,805$59,756$52,579$31,145
13 years$79,315$69,405$60,580$52,756$45,849$25,769
14 years$72,892$63,088$54,431$46,831$40,191$21,408
15 years$67,330$57,632$49,144$41,765$35,388$17,845
16 years$62,468$52,876$44,556$37,396$31,276$14,916
17 years$58,183$48,697$40,544$33,600$27,731$12,495
18 years$54,378$44,998$37,012$30,280$24,657$10,487
19 years$50,978$41,704$33,883$27,361$21,978$8,815
20 years$47,921$38,753$31,096$24,780$19,631$7,420
21 years$45,160$36,097$28,602$22,490$17,567$6,252
22 years$42,652$33,695$26,361$20,448$15,747$5,272
23 years$40,366$31,514$24,340$18,623$14,135$4,450
24 years$38,274$29,527$22,510$16,985$12,705$3,758
25 years$36,352$27,710$20,849$15,512$11,433$3,175
26 years$34,581$26,043$19,336$14,183$10,298$2,684
27 years$32,943$24,509$17,956$12,982$9,285$2,270
28 years$31,426$23,095$16,692$11,894$8,378$1,921
29 years$30,015$21,787$15,533$10,907$7,565$1,625
30 years$28,702$20,576$14,469$10,010$6,835$1,375
31 years$27,475$19,451$13,489$9,194$6,180$1,164
32 years$26,327$18,405$12,585$8,449$5,590$986
33 years$25,251$17,429$11,751$7,770$5,059$835
34 years$24,241$16,519$10,979$7,149$4,580$707
35 years$23,290$15,668$10,265$6,581$4,149$599
36 years$22,394$14,871$9,603$6,061$3,759$507
37 years$21,549$14,124$8,988$5,584$3,407$430
38 years$20,750$13,423$8,417$5,147$3,089$364
39 years$19,993$12,764$7,886$4,746$2,801$308
40 years$19,277$12,144$7,391$4,377$2,540$261
41 years$18,597$11,560$6,931$4,039$2,305$221
42 years$17,951$11,009$6,501$3,727$2,091$188
43 years$17,337$10,490$6,100$3,441$1,898$159
44 years$16,753$9,999$5,726$3,177$1,723$135
45 years$16,196$9,535$5,377$2,934$1,564$114
46 years$15,665$9,096$5,050$2,710$1,420$97
47 years$15,158$8,680$4,744$2,504$1,289$82
48 years$14,673$8,286$4,458$2,314$1,171$69
49 years$14,210$7,913$4,191$2,138$1,064$59
50 years$13,767$7,559$3,940$1,976$966$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,100,000, adding $5,038 every year, while hoping to spend $53,416 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: 52/22/26 Blend
62$14,100,000$14,100,000$14,100,000$14,100,000
63$15,543,397$14,796,097$14,577,547$16,238,387
64$17,071,989$15,464,271$15,009,060$17,388,984
65$18,754,707$16,163,396$15,453,239$18,634,078
66$20,607,216$16,894,931$15,910,452$19,987,455
67$22,646,776$17,660,407$16,381,076$21,459,460
68$24,892,407$18,461,426$16,865,501$23,061,468
69$27,365,065$19,299,668$17,364,128$24,805,982
70$30,087,843$20,176,894$17,877,368$26,706,754
71$33,086,188$21,094,947$18,405,645$28,778,904
72$36,388,141$22,055,761$18,949,395$31,039,064
73$40,024,598$23,061,359$19,509,067$33,505,527
74$44,029,607$24,113,866$20,085,120$36,198,418
75$48,440,685$25,215,504$20,678,030$39,139,876
76$53,299,176$26,368,604$21,288,285$42,354,262
77$58,650,635$27,575,609$21,916,386$45,868,380
78$64,545,263$28,839,078$22,562,848$49,711,726
79$71,038,380$30,161,692$23,228,204$53,916,763
80$78,190,944$31,546,265$23,912,998$58,519,218
81$86,070,129$32,995,740$24,617,792$63,558,415
82$94,749,958$34,513,207$25,343,164$69,077,639
83$104,312,000$36,101,901$26,089,706$75,124,541
84$114,846,144$37,765,214$26,858,031$81,751,577
85$126,451,441$39,506,700$27,648,766$89,016,496
86$139,237,045$41,330,085$28,462,556$96,982,882
87$153,323,239$43,239,274$29,300,067$105,720,742
88$168,842,570$45,238,360$30,161,981$115,307,158
89$185,941,105$47,331,633$31,049,000$125,827,013
90$204,779,803$49,523,588$31,961,847$137,373,773
91$225,536,039$51,818,939$32,901,264$150,050,369
92$248,405,275$54,222,627$33,868,016$163,970,154
93$273,602,906$56,739,829$34,862,888$179,257,966
94$301,366,295$59,375,973$35,886,687$196,051,292
95$331,957,010$62,136,749$36,940,244$214,501,558
96$365,663,295$65,028,120$38,024,413$234,775,545
97$402,802,792$68,056,339$39,140,072$257,056,954
98$443,725,536$71,227,958$40,288,123$281,548,123
99$488,817,260$74,549,848$41,469,495$308,471,930
100$538,503,040$78,029,210$42,685,142$338,073,877