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%16.9%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,108,243
2 years$584,594$573,707$563,155$552,924$543,001$510,947
3 years$385,858$374,924$364,399$354,264$344,502$313,456
4 years$286,510$275,609$265,189$255,227$245,702$215,903
5 years$226,916$216,081$205,797$196,039$186,779$158,308
6 years$187,200$176,446$166,315$156,774$147,792$120,676
7 years$158,843$148,179$138,208$128,893$120,194$94,434
8 years$137,584$127,017$117,212$108,125$99,713$75,293
9 years$121,058$110,591$100,954$92,098$83,972$60,871
10 years$107,846$97,481$88,014$79,390$71,549$49,734
11 years$97,042$86,781$77,486$69,093$61,534$40,971
12 years$88,046$77,890$68,767$60,604$53,324$33,974
13 years$80,440$70,390$61,439$53,504$46,500$28,319
14 years$73,925$63,982$55,203$47,495$40,761$23,707
15 years$68,285$58,449$49,841$42,357$35,890$19,915
16 years$63,354$53,626$45,188$37,926$31,719$16,778
17 years$59,008$49,388$41,120$34,076$28,125$14,169
18 years$55,150$45,636$37,537$30,710$25,007$11,990
19 years$51,701$42,295$34,363$27,749$22,289$10,162
20 years$48,601$39,303$31,537$25,132$19,909$8,626
21 years$45,800$36,609$29,008$22,809$17,817$7,330
22 years$43,257$34,173$26,735$20,738$15,970$6,235
23 years$40,939$31,961$24,685$18,887$14,336$5,308
24 years$38,817$29,946$22,830$17,226$12,885$4,522
25 years$36,868$28,103$21,145$15,732$11,595$3,855
26 years$35,071$26,412$19,611$14,384$10,444$3,288
27 years$33,411$24,857$18,210$13,166$9,416$2,805
28 years$31,872$23,422$16,929$12,063$8,496$2,395
29 years$30,441$22,096$15,754$11,062$7,672$2,045
30 years$29,109$20,868$14,674$10,152$6,932$1,746
31 years$27,864$19,727$13,680$9,324$6,267$1,492
32 years$26,700$18,666$12,764$8,569$5,669$1,275
33 years$25,609$17,677$11,918$7,880$5,131$1,089
34 years$24,584$16,753$11,135$7,250$4,645$931
35 years$23,620$15,890$10,411$6,674$4,207$796
36 years$22,712$15,082$9,739$6,147$3,812$680
37 years$21,854$14,325$9,115$5,663$3,455$582
38 years$21,044$13,614$8,536$5,220$3,132$497
39 years$20,277$12,945$7,997$4,813$2,840$425
40 years$19,550$12,316$7,496$4,440$2,576$364
41 years$18,861$11,724$7,029$4,096$2,337$311
42 years$18,206$11,165$6,593$3,780$2,121$266
43 years$17,583$10,638$6,187$3,490$1,925$228
44 years$16,990$10,141$5,808$3,222$1,747$195
45 years$16,426$9,670$5,453$2,976$1,586$166
46 years$15,887$9,225$5,122$2,749$1,440$142
47 years$15,373$8,803$4,812$2,539$1,308$122
48 years$14,881$8,404$4,522$2,346$1,188$104
49 years$14,411$8,025$4,250$2,169$1,079$89
50 years$13,962$7,666$3,996$2,004$980$76

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 $5,754 every year, while hoping to spend $51,209 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: 79/14/7 Blend
62$14,300,000$14,300,000$14,300,000$14,300,000
63$15,764,535$15,006,635$14,784,985$16,997,250
64$17,318,032$15,687,474$15,225,796$18,486,997
65$19,028,269$16,399,958$15,679,658$20,113,519
66$20,911,180$17,145,584$16,146,954$21,896,212
67$22,984,321$17,925,918$16,628,078$23,850,618
68$25,267,039$18,742,606$17,123,436$25,993,851
69$27,780,652$19,597,368$17,633,446$28,344,754
70$30,548,649$20,492,010$18,158,537$30,924,071
71$33,596,914$21,428,421$18,699,151$33,754,648
72$36,953,970$22,408,584$19,255,743$36,861,638
73$40,651,246$23,434,576$19,828,781$40,272,744
74$44,723,375$24,508,572$20,418,747$44,018,470
75$49,208,521$25,632,854$21,026,137$48,132,412
76$54,148,737$26,809,811$21,651,460$52,651,569
77$59,590,366$28,041,949$22,295,241$57,616,692
78$65,584,472$29,331,893$22,958,021$63,072,661
79$72,187,327$30,682,395$23,640,354$69,068,911
80$79,460,941$32,096,339$24,342,812$75,659,890
81$87,473,644$33,576,747$25,065,983$82,905,573
82$96,300,735$35,126,787$25,810,473$90,872,022
83$106,025,190$36,749,780$26,576,904$99,632,007
84$116,738,445$38,449,205$27,365,916$109,265,690
85$128,541,261$40,228,710$28,178,169$119,861,372
86$141,544,673$42,092,120$29,014,340$131,516,331
87$155,871,036$44,043,441$29,875,128$144,337,726
88$171,655,187$46,086,874$30,761,249$158,443,611
89$189,045,707$48,226,822$31,673,443$173,964,041
90$208,206,334$50,467,902$32,612,468$191,042,292
91$229,317,501$52,814,950$33,579,106$209,836,216
92$252,578,042$55,273,038$34,574,162$230,519,716
93$278,207,068$57,847,482$35,598,462$253,284,386
94$306,446,035$60,543,855$36,652,857$278,341,315
95$337,561,025$63,367,999$37,738,222$305,923,068
96$371,845,256$66,326,037$38,855,459$336,285,881
97$409,621,847$69,424,388$40,005,492$369,712,064
98$451,246,875$72,669,782$41,189,275$406,512,669
99$497,112,729$76,069,274$42,407,789$447,030,410
100$547,651,818$79,630,259$43,662,041$491,642,891