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

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,095,839
2 years$576,418$565,683$555,279$545,191$535,407$506,864
3 years$380,462$369,680$359,302$349,309$339,684$312,005
4 years$282,503$271,754$261,480$251,658$242,265$215,664
5 years$223,742$213,058$202,919$193,297$184,166$158,716
6 years$184,582$173,978$163,989$154,581$145,725$121,451
7 years$156,621$146,107$136,275$127,090$118,513$95,418
8 years$135,660$125,240$115,572$106,613$98,318$76,391
9 years$119,365$109,044$99,543$90,810$82,798$62,020
10 years$106,337$96,117$86,783$78,279$70,548$50,895
11 years$95,685$85,567$76,403$68,126$60,674$42,116
12 years$86,815$76,801$67,805$59,756$52,579$35,084
13 years$79,315$69,405$60,580$52,756$45,849$29,383
14 years$72,892$63,088$54,431$46,831$40,191$24,716
15 years$67,330$57,632$49,144$41,765$35,388$20,866
16 years$62,468$52,876$44,556$37,396$31,276$17,667
17 years$58,183$48,697$40,544$33,600$27,731$14,996
18 years$54,378$44,998$37,012$30,280$24,657$12,755
19 years$50,978$41,704$33,883$27,361$21,978$10,868
20 years$47,921$38,753$31,096$24,780$19,631$9,274
21 years$45,160$36,097$28,602$22,490$17,567$7,923
22 years$42,652$33,695$26,361$20,448$15,747$6,776
23 years$40,366$31,514$24,340$18,623$14,135$5,801
24 years$38,274$29,527$22,510$16,985$12,705$4,969
25 years$36,352$27,710$20,849$15,512$11,433$4,260
26 years$34,581$26,043$19,336$14,183$10,298$3,654
27 years$32,943$24,509$17,956$12,982$9,285$3,135
28 years$31,426$23,095$16,692$11,894$8,378$2,692
29 years$30,015$21,787$15,533$10,907$7,565$2,312
30 years$28,702$20,576$14,469$10,010$6,835$1,986
31 years$27,475$19,451$13,489$9,194$6,180$1,706
32 years$26,327$18,405$12,585$8,449$5,590$1,466
33 years$25,251$17,429$11,751$7,770$5,059$1,260
34 years$24,241$16,519$10,979$7,149$4,580$1,084
35 years$23,290$15,668$10,265$6,581$4,149$932
36 years$22,394$14,871$9,603$6,061$3,759$801
37 years$21,549$14,124$8,988$5,584$3,407$689
38 years$20,750$13,423$8,417$5,147$3,089$593
39 years$19,993$12,764$7,886$4,746$2,801$510
40 years$19,277$12,144$7,391$4,377$2,540$439
41 years$18,597$11,560$6,931$4,039$2,305$377
42 years$17,951$11,009$6,501$3,727$2,091$325
43 years$17,337$10,490$6,100$3,441$1,898$279
44 years$16,753$9,999$5,726$3,177$1,723$240
45 years$16,196$9,535$5,377$2,934$1,564$207
46 years$15,665$9,096$5,050$2,710$1,420$178
47 years$15,158$8,680$4,744$2,504$1,289$153
48 years$14,673$8,286$4,458$2,314$1,171$132
49 years$14,210$7,913$4,191$2,138$1,064$113
50 years$13,767$7,559$3,940$1,976$966$98

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 $2,450 every year, while hoping to spend $30,104 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: 35/44/21 Blend
62$14,100,000$14,100,000$14,100,000$14,100,000
63$15,540,727$14,793,427$14,574,877$15,985,209
64$17,093,851$15,486,275$15,031,105$17,005,279
65$18,804,384$16,212,063$15,501,608$18,102,206
66$20,688,351$16,972,374$15,986,832$19,285,159
67$22,763,410$17,768,866$16,487,237$20,561,813
68$25,049,016$18,603,280$17,003,298$21,940,578
69$27,566,613$19,477,437$17,535,505$23,430,672
70$30,339,826$20,393,250$18,084,363$25,042,200
71$33,394,692$21,352,723$18,650,393$26,786,242
72$36,759,900$22,357,956$19,234,131$28,674,950
73$40,467,066$23,411,152$19,836,131$30,721,656
74$44,551,030$24,514,622$20,456,964$32,940,986
75$49,050,182$25,670,785$21,097,219$35,348,994
76$54,006,828$26,882,181$21,757,504$37,963,301
77$59,467,588$28,151,472$22,438,444$40,803,252
78$65,483,836$29,481,448$23,140,686$43,890,091
79$72,112,184$30,875,036$23,864,895$47,247,148
80$79,415,016$32,335,302$24,611,759$50,900,049
81$87,461,080$33,865,464$25,381,985$54,876,951
82$96,326,134$35,468,895$26,176,305$59,208,786
83$106,093,659$37,149,131$26,995,471$63,929,552
84$116,855,654$38,909,879$27,840,260$69,076,610
85$128,713,495$40,755,028$28,711,474$74,691,031
86$141,778,901$42,688,654$29,609,938$80,817,965
87$156,174,983$44,715,032$30,536,504$87,507,054
88$172,037,405$46,838,643$31,492,052$94,812,884
89$189,515,671$49,064,187$32,477,486$102,795,484
90$208,774,530$51,396,592$33,493,742$111,520,874
91$229,995,532$53,841,025$34,541,782$121,061,674
92$253,378,745$56,402,904$35,622,601$131,497,765
93$279,144,641$59,087,911$36,737,222$142,917,030
94$307,536,179$61,902,003$37,886,704$155,416,155
95$338,821,096$64,851,427$39,072,134$169,101,528
96$373,294,434$67,942,734$40,294,638$184,090,215
97$411,281,332$71,182,794$41,555,374$200,511,041
98$453,140,085$74,578,808$42,855,536$218,505,788
99$499,265,535$78,138,331$44,196,358$238,230,499
100$550,092,794$81,869,283$45,579,110$259,856,928