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%16.5%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,094,509
2 years$576,418$565,683$555,279$545,191$535,407$505,547
3 years$380,462$369,680$359,302$349,309$339,684$310,744
4 years$282,503$271,754$261,480$251,658$242,265$214,467
5 years$223,742$213,058$202,919$193,297$184,166$157,586
6 years$184,582$173,978$163,989$154,581$145,725$120,389
7 years$156,621$146,107$136,275$127,090$118,513$94,423
8 years$135,660$125,240$115,572$106,613$98,318$75,462
9 years$119,365$109,044$99,543$90,810$82,798$61,155
10 years$106,337$96,117$86,783$78,279$70,548$50,091
11 years$95,685$85,567$76,403$68,126$60,674$41,371
12 years$86,815$76,801$67,805$59,756$52,579$34,396
13 years$79,315$69,405$60,580$52,756$45,849$28,749
14 years$72,892$63,088$54,431$46,831$40,191$24,133
15 years$67,330$57,632$49,144$41,765$35,388$20,330
16 years$62,468$52,876$44,556$37,396$31,276$17,177
17 years$58,183$48,697$40,544$33,600$27,731$14,548
18 years$54,378$44,998$37,012$30,280$24,657$12,347
19 years$50,978$41,704$33,883$27,361$21,978$10,497
20 years$47,921$38,753$31,096$24,780$19,631$8,936
21 years$45,160$36,097$28,602$22,490$17,567$7,617
22 years$42,652$33,695$26,361$20,448$15,747$6,500
23 years$40,366$31,514$24,340$18,623$14,135$5,551
24 years$38,274$29,527$22,510$16,985$12,705$4,744
25 years$36,352$27,710$20,849$15,512$11,433$4,057
26 years$34,581$26,043$19,336$14,183$10,298$3,471
27 years$32,943$24,509$17,956$12,982$9,285$2,972
28 years$31,426$23,095$16,692$11,894$8,378$2,545
29 years$30,015$21,787$15,533$10,907$7,565$2,180
30 years$28,702$20,576$14,469$10,010$6,835$1,868
31 years$27,475$19,451$13,489$9,194$6,180$1,601
32 years$26,327$18,405$12,585$8,449$5,590$1,373
33 years$25,251$17,429$11,751$7,770$5,059$1,177
34 years$24,241$16,519$10,979$7,149$4,580$1,009
35 years$23,290$15,668$10,265$6,581$4,149$866
36 years$22,394$14,871$9,603$6,061$3,759$743
37 years$21,549$14,124$8,988$5,584$3,407$637
38 years$20,750$13,423$8,417$5,147$3,089$547
39 years$19,993$12,764$7,886$4,746$2,801$469
40 years$19,277$12,144$7,391$4,377$2,540$402
41 years$18,597$11,560$6,931$4,039$2,305$345
42 years$17,951$11,009$6,501$3,727$2,091$296
43 years$17,337$10,490$6,100$3,441$1,898$254
44 years$16,753$9,999$5,726$3,177$1,723$218
45 years$16,196$9,535$5,377$2,934$1,564$187
46 years$15,665$9,096$5,050$2,710$1,420$161
47 years$15,158$8,680$4,744$2,504$1,289$138
48 years$14,673$8,286$4,458$2,314$1,171$118
49 years$14,210$7,913$4,191$2,138$1,064$102
50 years$13,767$7,559$3,940$1,976$966$87

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 $6,412 every year, while hoping to spend $45,450 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: 42/34/24 Blend
62$14,100,000$14,100,000$14,100,000$14,100,000
63$15,544,814$14,797,514$14,578,964$16,088,163
64$17,082,027$15,474,234$15,019,001$17,153,864
65$18,774,512$16,182,589$15,472,256$18,302,385
66$20,638,059$16,924,083$15,939,123$19,545,278
67$22,690,067$17,700,290$16,420,010$20,891,260
68$24,949,708$18,512,858$16,915,335$22,349,896
69$27,438,108$19,363,518$17,425,528$23,931,688
70$30,178,546$20,254,082$17,951,035$25,648,168
71$33,196,674$21,186,448$18,492,311$27,511,998
72$36,520,759$22,162,607$19,049,827$29,537,088
73$40,181,948$23,184,647$19,624,067$31,738,720
74$44,214,564$24,254,752$20,215,531$34,133,683
75$48,656,430$25,375,215$20,824,732$36,740,427
76$53,549,223$26,548,438$21,452,198$39,579,231
77$58,938,872$27,776,940$22,098,474$42,672,384
78$64,875,985$29,063,358$22,764,121$46,044,393
79$71,416,332$30,410,459$23,449,716$49,722,197
80$78,621,368$31,821,142$24,155,852$53,735,425
81$86,558,817$33,298,447$24,883,142$58,116,655
82$95,303,304$34,845,559$25,632,215$62,901,721
83$104,937,067$36,465,817$26,403,720$68,130,037
84$115,550,727$38,162,722$27,198,325$73,844,961
85$127,244,149$39,939,942$28,016,716$80,094,192
86$140,127,378$41,801,325$28,859,602$86,930,214
87$154,321,682$43,750,902$29,727,710$94,410,771
88$169,960,697$45,792,900$30,621,792$102,599,409
89$187,191,685$47,931,748$31,542,618$111,566,060
90$206,176,926$50,172,093$32,490,985$121,387,686
91$227,095,249$52,518,803$33,467,710$132,148,998
92$250,143,723$54,976,982$34,473,637$143,943,235
93$275,539,510$57,551,982$35,509,631$156,873,035
94$303,521,924$60,249,413$36,576,587$171,051,381
95$334,354,681$63,075,155$37,675,424$186,602,660
96$368,328,395$66,035,374$38,807,088$203,663,813
97$405,763,319$69,136,535$39,972,552$222,385,612
98$447,012,366$72,385,413$41,172,821$242,934,067
99$492,464,443$75,789,114$42,408,926$265,491,969
100$542,548,121$79,355,086$43,681,931$290,260,599