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

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,125,192
2 years$580,506$569,695$559,217$549,058$539,204$532,006
3 years$383,160$372,302$361,850$351,787$342,093$335,055
4 years$284,506$273,681$263,334$253,443$243,984$237,161
5 years$225,329$214,569$204,358$194,668$185,472$178,885
6 years$185,891$175,212$165,152$155,678$146,758$140,414
7 years$157,732$147,143$137,242$127,991$119,354$113,256
8 years$136,622$126,129$116,392$107,369$99,015$93,165
9 years$120,212$109,818$100,248$91,454$83,385$77,780
10 years$107,092$96,799$87,399$78,834$71,048$65,686
11 years$96,364$86,174$76,945$68,610$61,104$55,980
12 years$87,430$77,345$68,286$60,180$52,951$48,062
13 years$79,877$69,898$61,009$53,130$46,175$41,514
14 years$73,408$63,535$54,817$47,163$40,476$36,040
15 years$67,807$58,040$49,493$42,061$35,639$31,420
16 years$62,911$53,251$44,872$37,661$31,498$27,491
17 years$58,596$49,042$40,832$33,838$27,928$24,127
18 years$54,764$45,317$37,274$30,495$24,832$21,230
19 years$51,339$41,999$34,123$27,555$22,133$18,724
20 years$48,261$39,028$31,316$24,956$19,770$16,546
21 years$45,480$36,353$28,805$22,649$17,692$14,646
22 years$42,955$33,934$26,548$20,593$15,858$12,984
23 years$40,653$31,738$24,513$18,755$14,235$11,525
24 years$38,545$29,736$22,670$17,105$12,795$10,243
25 years$36,610$27,906$20,997$15,622$11,514$9,112
26 years$34,826$26,227$19,474$14,284$10,371$8,113
27 years$33,177$24,683$18,083$13,074$9,350$7,230
28 years$31,649$23,259$16,810$11,979$8,437$6,447
29 years$30,228$21,942$15,644$10,985$7,618$5,752
30 years$28,905$20,722$14,571$10,081$6,884$5,135
31 years$27,670$19,589$13,584$9,259$6,224$4,587
32 years$26,514$18,535$12,675$8,509$5,630$4,099
33 years$25,430$17,553$11,834$7,825$5,095$3,664
34 years$24,412$16,636$11,057$7,200$4,613$3,277
35 years$23,455$15,779$10,338$6,628$4,178$2,931
36 years$22,553$14,977$9,671$6,104$3,785$2,623
37 years$21,701$14,225$9,052$5,624$3,431$2,347
38 years$20,897$13,518$8,476$5,184$3,110$2,101
39 years$20,135$12,855$7,942$4,780$2,821$1,881
40 years$19,414$12,230$7,444$4,408$2,558$1,685
41 years$18,729$11,642$6,980$4,067$2,321$1,509
42 years$18,079$11,087$6,547$3,754$2,106$1,352
43 years$17,460$10,564$6,144$3,465$1,911$1,211
44 years$16,872$10,070$5,767$3,199$1,735$1,085
45 years$16,311$9,602$5,415$2,955$1,575$972
46 years$15,776$9,160$5,086$2,729$1,430$871
47 years$15,265$8,742$4,778$2,522$1,299$781
48 years$14,777$8,345$4,490$2,330$1,179$700
49 years$14,311$7,969$4,220$2,153$1,071$627
50 years$13,864$7,612$3,968$1,990$973$562

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 $2,557 every year, while hoping to spend $33,469 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: 47/47/6 Blend
62$14,200,000$14,200,000$14,200,000$14,200,000
63$15,651,038$14,898,438$14,678,338$16,361,686
64$17,211,833$15,592,850$15,134,451$17,543,526
65$18,930,707$16,320,167$15,604,723$18,821,632
66$20,823,750$17,081,966$16,089,591$20,207,855
67$22,908,689$17,879,899$16,589,510$21,712,221
68$25,205,061$18,715,700$17,104,944$23,345,731
69$27,734,393$19,591,185$17,636,375$25,120,460
70$30,520,407$20,508,259$18,184,300$27,049,666
71$33,589,244$21,468,919$18,749,229$29,147,903
72$36,969,708$22,475,257$19,331,689$31,431,155
73$40,693,541$23,529,468$19,932,224$33,916,979
74$44,795,723$24,633,853$20,551,394$36,624,661
75$49,314,798$25,790,822$21,189,777$39,575,389
76$54,293,240$27,002,906$21,847,968$42,792,447
77$59,777,856$28,272,754$22,526,580$46,301,421
78$65,820,225$29,603,146$23,226,248$50,130,438
79$72,477,183$30,996,995$23,947,622$54,310,411
80$79,811,364$32,457,357$24,691,376$58,875,330
81$87,891,790$33,987,434$25,458,204$63,862,565
82$96,794,519$35,590,584$26,248,820$69,313,210
83$106,603,365$37,270,329$27,063,961$75,272,458
84$117,410,692$39,030,358$27,904,387$81,790,015
85$129,318,281$40,874,543$28,770,882$88,920,553
86$142,438,291$42,806,942$29,664,253$96,724,217
87$156,894,324$44,831,809$30,585,332$105,267,173
88$172,822,583$46,953,606$31,534,979$114,622,220
89$190,373,163$49,177,009$32,514,077$124,869,458
90$209,711,466$51,506,923$33,523,539$136,097,030
91$231,019,764$53,948,491$34,564,306$148,401,938
92$254,498,916$56,507,103$35,637,347$161,890,931
93$280,370,269$59,188,415$36,743,662$176,681,504
94$308,877,743$61,998,353$37,884,280$192,902,980
95$340,290,135$64,943,135$39,060,266$210,697,710
96$374,903,657$68,029,276$40,272,713$230,222,396
97$413,044,731$71,263,613$41,522,750$251,649,545
98$455,073,074$74,653,310$42,811,543$275,169,073
99$501,385,088$78,205,882$44,140,290$300,990,073
100$552,417,606$81,929,209$45,510,228$329,342,759