Can I retire at age 63 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,125,120
2 years$584,594$573,707$563,155$552,924$543,001$527,730
3 years$385,858$374,924$364,399$354,264$344,502$329,616
4 years$286,510$275,609$265,189$255,227$245,702$231,316
5 years$226,916$216,081$205,797$196,039$186,779$172,935
6 years$187,200$176,446$166,315$156,774$147,792$134,506
7 years$158,843$148,179$138,208$128,893$120,194$107,472
8 years$137,584$127,017$117,212$108,125$99,713$87,552
9 years$121,058$110,591$100,954$92,098$83,972$72,368
10 years$107,846$97,481$88,014$79,390$71,549$60,492
11 years$97,042$86,781$77,486$69,093$61,534$51,015
12 years$88,046$77,890$68,767$60,604$53,324$43,331
13 years$80,440$70,390$61,439$53,504$46,500$37,019
14 years$73,925$63,982$55,203$47,495$40,761$31,778
15 years$68,285$58,449$49,841$42,357$35,890$27,389
16 years$63,354$53,626$45,188$37,926$31,719$23,686
17 years$59,008$49,388$41,120$34,076$28,125$20,542
18 years$55,150$45,636$37,537$30,710$25,007$17,859
19 years$51,701$42,295$34,363$27,749$22,289$15,558
20 years$48,601$39,303$31,537$25,132$19,909$13,578
21 years$45,800$36,609$29,008$22,809$17,817$11,868
22 years$43,257$34,173$26,735$20,738$15,970$10,388
23 years$40,939$31,961$24,685$18,887$14,336$9,102
24 years$38,817$29,946$22,830$17,226$12,885$7,984
25 years$36,868$28,103$21,145$15,732$11,595$7,009
26 years$35,071$26,412$19,611$14,384$10,444$6,158
27 years$33,411$24,857$18,210$13,166$9,416$5,413
28 years$31,872$23,422$16,929$12,063$8,496$4,762
29 years$30,441$22,096$15,754$11,062$7,672$4,191
30 years$29,109$20,868$14,674$10,152$6,932$3,690
31 years$27,864$19,727$13,680$9,324$6,267$3,250
32 years$26,700$18,666$12,764$8,569$5,669$2,864
33 years$25,609$17,677$11,918$7,880$5,131$2,524
34 years$24,584$16,753$11,135$7,250$4,645$2,226
35 years$23,620$15,890$10,411$6,674$4,207$1,963
36 years$22,712$15,082$9,739$6,147$3,812$1,731
37 years$21,854$14,325$9,115$5,663$3,455$1,527
38 years$21,044$13,614$8,536$5,220$3,132$1,348
39 years$20,277$12,945$7,997$4,813$2,840$1,189
40 years$19,550$12,316$7,496$4,440$2,576$1,049
41 years$18,861$11,724$7,029$4,096$2,337$926
42 years$18,206$11,165$6,593$3,780$2,121$818
43 years$17,583$10,638$6,187$3,490$1,925$722
44 years$16,990$10,141$5,808$3,222$1,747$637
45 years$16,426$9,670$5,453$2,976$1,586$563
46 years$15,887$9,225$5,122$2,749$1,440$497
47 years$15,373$8,803$4,812$2,539$1,308$439
48 years$14,881$8,404$4,522$2,346$1,188$388
49 years$14,411$8,025$4,250$2,169$1,079$342
50 years$13,962$7,666$3,996$2,004$980$302

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,300,000, adding $2,470 every year, while hoping to spend $38,981 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: 56/16/28 Blend
62$14,300,000$14,300,000$14,300,000$14,300,000
63$15,761,148$15,003,248$14,781,598$16,521,974
64$17,327,309$15,696,931$15,235,306$17,739,478
65$19,051,913$16,423,299$15,702,907$19,061,091
66$20,951,079$17,183,911$16,184,824$20,500,322
67$23,042,569$17,980,403$16,681,496$22,068,536
68$25,345,957$18,814,489$17,193,373$23,778,230
69$27,882,812$19,687,967$17,720,918$25,643,149
70$30,676,901$20,602,719$18,264,611$27,678,417
71$33,754,413$21,560,720$18,824,943$29,900,668
72$37,144,208$22,564,040$19,402,424$32,328,207
73$40,878,088$23,614,849$19,997,576$34,981,176
74$44,991,096$24,715,420$20,610,938$37,881,739
75$49,521,850$25,868,137$21,243,066$41,054,287
76$54,512,903$27,075,500$21,894,533$44,525,668
77$60,011,147$28,340,128$22,565,928$48,325,429
78$66,068,258$29,664,768$23,257,860$52,486,097
79$72,741,176$31,052,298$23,970,955$57,043,477
80$80,092,652$32,505,737$24,705,858$62,036,986
81$88,191,833$34,028,248$25,463,235$67,510,020
82$97,114,917$35,623,149$26,243,770$73,510,357
83$106,945,872$37,293,917$27,048,170$80,090,605
84$117,777,229$39,044,197$27,877,162$87,308,688
85$129,710,956$40,877,812$28,731,496$95,228,391
86$142,859,417$42,798,768$29,611,944$103,919,953
87$157,346,436$44,811,266$30,519,303$113,460,723
88$173,308,464$46,919,710$31,454,391$123,935,886
89$190,895,870$49,128,718$32,418,056$135,439,255
90$210,274,353$51,443,130$33,411,166$148,074,153
91$231,626,516$53,868,023$34,434,619$161,954,378
92$255,153,582$56,408,716$35,489,339$177,205,270
93$281,077,294$59,070,791$36,576,279$193,964,884
94$309,642,014$61,860,095$37,696,420$212,385,286
95$341,117,022$64,782,763$38,850,773$232,633,977
96$375,799,065$67,845,224$40,040,380$254,895,465
97$414,015,151$71,054,222$41,266,314$279,372,997
98$456,125,642$74,416,824$42,529,681$306,290,465
99$502,527,652$77,940,444$43,831,621$335,894,513
100$553,658,800$81,632,853$45,173,307$368,456,845