Can I retire at age 63 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,107,655
2 years$580,506$569,695$559,217$549,058$539,204$514,470
3 years$383,160$372,302$361,850$351,787$342,093$318,071
4 years$284,506$273,681$263,334$253,443$243,984$220,859
5 years$225,329$214,569$204,358$194,668$185,472$163,310
6 years$185,891$175,212$165,152$155,678$146,758$125,581
7 years$157,732$147,143$137,242$127,991$119,354$99,165
8 years$136,622$126,129$116,392$107,369$99,015$79,809
9 years$120,212$109,818$100,248$91,454$83,385$65,148
10 years$107,092$96,799$87,399$78,834$71,048$53,760
11 years$96,364$86,174$76,945$68,610$61,104$44,743
12 years$87,430$77,345$68,286$60,180$52,951$37,492
13 years$79,877$69,898$61,009$53,130$46,175$31,590
14 years$73,408$63,535$54,817$47,163$40,476$26,737
15 years$67,807$58,040$49,493$42,061$35,639$22,713
16 years$62,911$53,251$44,872$37,661$31,498$19,355
17 years$58,596$49,042$40,832$33,838$27,928$16,536
18 years$54,764$45,317$37,274$30,495$24,832$14,158
19 years$51,339$41,999$34,123$27,555$22,133$12,145
20 years$48,261$39,028$31,316$24,956$19,770$10,434
21 years$45,480$36,353$28,805$22,649$17,692$8,976
22 years$42,955$33,934$26,548$20,593$15,858$7,731
23 years$40,653$31,738$24,513$18,755$14,235$6,665
24 years$38,545$29,736$22,670$17,105$12,795$5,750
25 years$36,610$27,906$20,997$15,622$11,514$4,965
26 years$34,826$26,227$19,474$14,284$10,371$4,289
27 years$33,177$24,683$18,083$13,074$9,350$3,708
28 years$31,649$23,259$16,810$11,979$8,437$3,206
29 years$30,228$21,942$15,644$10,985$7,618$2,774
30 years$28,905$20,722$14,571$10,081$6,884$2,401
31 years$27,670$19,589$13,584$9,259$6,224$2,078
32 years$26,514$18,535$12,675$8,509$5,630$1,799
33 years$25,430$17,553$11,834$7,825$5,095$1,558
34 years$24,412$16,636$11,057$7,200$4,613$1,350
35 years$23,455$15,779$10,338$6,628$4,178$1,170
36 years$22,553$14,977$9,671$6,104$3,785$1,014
37 years$21,701$14,225$9,052$5,624$3,431$878
38 years$20,897$13,518$8,476$5,184$3,110$761
39 years$20,135$12,855$7,942$4,780$2,821$660
40 years$19,414$12,230$7,444$4,408$2,558$572
41 years$18,729$11,642$6,980$4,067$2,321$496
42 years$18,079$11,087$6,547$3,754$2,106$430
43 years$17,460$10,564$6,144$3,465$1,911$373
44 years$16,872$10,070$5,767$3,199$1,735$323
45 years$16,311$9,602$5,415$2,955$1,575$280
46 years$15,776$9,160$5,086$2,729$1,430$243
47 years$15,265$8,742$4,778$2,522$1,299$211
48 years$14,777$8,345$4,490$2,330$1,179$183
49 years$14,311$7,969$4,220$2,153$1,071$158
50 years$13,864$7,612$3,968$1,990$973$137

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,200,000, adding $6,663 every year, while hoping to spend $31,751 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: 69/20/11 Blend
62$14,200,000$14,200,000$14,200,000$14,200,000
63$15,655,273$14,902,673$14,682,573$16,699,149
64$17,218,328$15,599,121$15,140,656$18,089,266
65$18,939,750$16,328,631$15,613,021$19,605,043
66$20,835,660$17,092,789$16,100,113$21,262,442
67$22,923,821$17,893,259$16,602,390$23,075,373
68$25,223,806$18,731,784$17,120,325$25,059,137
69$27,757,184$19,610,192$17,654,406$27,230,576
70$30,547,725$20,530,399$18,205,137$29,608,220
71$33,621,619$21,494,414$18,773,035$32,212,467
72$37,007,728$22,504,345$19,358,635$35,065,765
73$40,737,856$23,562,397$19,962,489$38,192,823
74$44,847,050$24,670,888$20,585,166$41,620,840
75$49,373,931$25,832,244$21,227,251$45,379,760
76$54,361,058$27,049,009$21,889,349$49,502,544
77$59,855,327$28,323,852$22,572,084$54,025,485
78$65,908,419$29,659,569$23,276,097$58,988,538
79$72,577,284$31,059,094$24,002,053$64,435,698
80$79,924,678$32,525,501$24,750,633$70,415,406
81$88,019,759$34,062,014$25,522,542$76,981,005
82$96,938,735$35,672,013$26,318,508$84,191,234
83$106,765,586$37,359,043$27,139,279$92,110,780
84$117,592,859$39,126,818$27,985,627$100,810,879
85$129,522,534$40,979,236$28,858,350$110,369,984
86$142,666,995$42,920,381$29,758,267$120,874,500
87$157,150,086$44,954,537$30,686,226$132,419,590
88$173,108,280$47,086,195$31,643,101$145,110,068
89$190,691,971$49,320,065$32,629,790$159,061,380
90$210,066,886$51,661,083$33,647,223$174,400,684
91$231,415,660$54,114,427$34,696,356$191,268,047
92$254,939,550$56,685,527$35,778,177$209,817,753
93$280,860,341$59,380,074$36,893,703$230,219,751
94$309,422,437$62,204,039$38,043,983$252,661,254
95$340,895,169$65,163,680$39,230,099$277,348,492
96$375,575,335$68,265,560$40,453,167$304,508,650
97$413,790,008$71,516,561$41,714,337$334,391,999
98$455,899,616$74,923,899$43,014,794$367,274,254
99$502,301,350$78,495,143$44,355,762$403,459,155
100$553,432,909$82,238,227$45,738,502$443,281,330