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%15.5%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,098,959
2 years$576,418$565,683$555,279$545,191$535,407$509,958
3 years$380,462$369,680$359,302$349,309$339,684$314,976
4 years$282,503$271,754$261,480$251,658$242,265$218,489
5 years$223,742$213,058$202,919$193,297$184,166$161,387
6 years$184,582$173,978$163,989$154,581$145,725$123,967
7 years$156,621$146,107$136,275$127,090$118,513$97,781
8 years$135,660$125,240$115,572$106,613$98,318$78,604
9 years$119,365$109,044$99,543$90,810$82,798$64,086
10 years$106,337$96,117$86,783$78,279$70,548$52,819
11 years$95,685$85,567$76,403$68,126$60,674$43,904
12 years$86,815$76,801$67,805$59,756$52,579$36,741
13 years$79,315$69,405$60,580$52,756$45,849$30,916
14 years$72,892$63,088$54,431$46,831$40,191$26,130
15 years$67,330$57,632$49,144$41,765$35,388$22,167
16 years$62,468$52,876$44,556$37,396$31,276$18,863
17 years$58,183$48,697$40,544$33,600$27,731$16,093
18 years$54,378$44,998$37,012$30,280$24,657$13,759
19 years$50,978$41,704$33,883$27,361$21,978$11,784
20 years$47,921$38,753$31,096$24,780$19,631$10,109
21 years$45,160$36,097$28,602$22,490$17,567$8,683
22 years$42,652$33,695$26,361$20,448$15,747$7,467
23 years$40,366$31,514$24,340$18,623$14,135$6,427
24 years$38,274$29,527$22,510$16,985$12,705$5,537
25 years$36,352$27,710$20,849$15,512$11,433$4,773
26 years$34,581$26,043$19,336$14,183$10,298$4,117
27 years$32,943$24,509$17,956$12,982$9,285$3,553
28 years$31,426$23,095$16,692$11,894$8,378$3,067
29 years$30,015$21,787$15,533$10,907$7,565$2,649
30 years$28,702$20,576$14,469$10,010$6,835$2,289
31 years$27,475$19,451$13,489$9,194$6,180$1,978
32 years$26,327$18,405$12,585$8,449$5,590$1,710
33 years$25,251$17,429$11,751$7,770$5,059$1,479
34 years$24,241$16,519$10,979$7,149$4,580$1,279
35 years$23,290$15,668$10,265$6,581$4,149$1,106
36 years$22,394$14,871$9,603$6,061$3,759$957
37 years$21,549$14,124$8,988$5,584$3,407$828
38 years$20,750$13,423$8,417$5,147$3,089$716
39 years$19,993$12,764$7,886$4,746$2,801$620
40 years$19,277$12,144$7,391$4,377$2,540$536
41 years$18,597$11,560$6,931$4,039$2,305$464
42 years$17,951$11,009$6,501$3,727$2,091$402
43 years$17,337$10,490$6,100$3,441$1,898$348
44 years$16,753$9,999$5,726$3,177$1,723$301
45 years$16,196$9,535$5,377$2,934$1,564$260
46 years$15,665$9,096$5,050$2,710$1,420$225
47 years$15,158$8,680$4,744$2,504$1,289$195
48 years$14,673$8,286$4,458$2,314$1,171$169
49 years$14,210$7,913$4,191$2,138$1,064$146
50 years$13,767$7,559$3,940$1,976$966$127

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 $6,993 every year, while hoping to spend $48,561 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: 74/14/12 Blend
62$14,100,000$14,100,000$14,100,000$14,100,000
63$15,545,413$14,798,113$14,579,563$16,657,759
64$17,079,377$15,471,552$15,016,310$18,066,827
65$18,768,177$16,176,362$15,466,060$19,603,437
66$20,627,556$16,914,029$15,929,199$21,285,641
67$22,674,861$17,686,110$16,406,120$23,127,862
68$24,929,203$18,494,236$16,897,232$25,145,977
69$27,411,647$19,340,119$17,402,954$27,357,464
70$30,145,399$20,225,548$17,923,717$29,781,568
71$33,156,033$21,152,404$18,459,965$32,439,473
72$36,471,730$22,122,653$19,012,155$35,354,505
73$40,123,542$23,138,359$19,580,758$38,552,350
74$44,145,687$24,201,682$20,166,257$42,061,288
75$48,575,872$25,314,889$20,769,152$45,912,463
76$53,455,646$26,480,354$21,389,954$50,140,171
77$58,830,796$27,700,565$22,029,191$54,782,180
78$64,751,775$28,978,131$22,687,407$59,880,086
79$71,274,182$30,315,785$23,365,161$65,479,698
80$78,459,282$31,716,393$24,063,028$71,631,470
81$86,374,590$33,182,957$24,781,600$78,390,973
82$95,094,501$34,718,625$25,521,486$85,819,414
83$104,700,999$36,326,696$26,283,315$93,984,210
84$115,284,426$38,010,629$27,067,731$102,959,622
85$126,944,336$39,774,048$27,875,399$112,827,449
86$139,790,435$41,620,754$28,707,001$123,677,798
87$153,943,616$43,554,727$29,563,243$135,609,927
88$169,537,100$45,580,145$30,444,847$148,733,177
89$186,717,694$47,701,381$31,352,558$163,168,003
90$205,647,174$49,923,024$32,287,144$179,047,098
91$226,503,815$52,249,882$33,249,394$196,516,648
92$249,484,074$54,686,996$34,240,118$215,737,698
93$274,804,441$57,239,650$35,260,153$236,887,673
94$302,703,485$59,913,383$36,310,359$260,162,042
95$333,444,104$62,714,003$37,391,620$285,776,155
96$367,316,009$65,647,596$38,504,846$313,967,274
97$404,638,458$68,720,544$39,650,974$344,996,800
98$445,763,267$71,939,537$40,830,968$379,152,735
99$491,078,136$75,311,589$42,045,821$416,752,393
100$541,010,301$78,844,053$43,296,551$458,145,384