Can I retire at age 63 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,102,717
2 years$588,682$577,719$567,093$556,791$546,798$501,463
3 years$388,557$377,546$366,947$356,741$346,911$303,227
4 years$288,513$277,536$267,043$257,012$247,420$205,720
5 years$228,503$217,592$207,237$197,410$188,085$148,474
6 years$188,509$177,680$167,478$157,870$148,825$111,330
7 years$159,953$149,215$139,175$129,794$121,035$85,641
8 years$138,546$127,905$118,031$108,881$100,410$67,082
9 years$121,905$111,364$101,660$92,742$84,560$53,247
10 years$108,600$98,162$88,630$79,945$72,049$42,690
11 years$97,721$87,388$78,028$69,576$61,965$34,491
12 years$88,662$78,435$69,248$61,027$53,697$28,035
13 years$81,002$70,882$61,869$53,878$46,825$22,897
14 years$74,442$64,430$55,589$47,827$41,047$18,771
15 years$68,762$58,858$50,190$42,653$36,141$15,437
16 years$63,797$54,001$45,504$38,191$31,941$12,726
17 years$59,421$49,733$41,407$34,315$28,321$10,513
18 years$55,535$45,955$37,799$30,924$25,182$8,699
19 years$52,063$42,591$34,603$27,943$22,445$7,208
20 years$48,941$39,578$31,757$25,308$20,048$5,979
21 years$46,120$36,865$29,211$22,968$17,941$4,964
22 years$43,560$34,412$26,922$20,883$16,082$4,125
23 years$41,225$32,185$24,858$19,019$14,436$3,429
24 years$39,088$30,155$22,989$17,346$12,975$2,853
25 years$37,125$28,299$21,293$15,842$11,676$2,374
26 years$35,316$26,597$19,748$14,485$10,517$1,977
27 years$33,644$25,031$18,338$13,258$9,482$1,646
28 years$32,094$23,586$17,047$12,147$8,556$1,371
29 years$30,654$22,251$15,864$11,139$7,726$1,142
30 years$29,312$21,014$14,777$10,223$6,981$952
31 years$28,059$19,865$13,776$9,389$6,311$793
32 years$26,887$18,796$12,853$8,629$5,709$661
33 years$25,788$17,800$12,001$7,935$5,167$551
34 years$24,756$16,871$11,213$7,301$4,678$460
35 years$23,785$16,002$10,483$6,721$4,237$383
36 years$22,871$15,188$9,807$6,190$3,839$319
37 years$22,007$14,425$9,179$5,703$3,479$266
38 years$21,191$13,709$8,596$5,257$3,154$222
39 years$20,419$13,036$8,053$4,847$2,860$185
40 years$19,687$12,402$7,548$4,471$2,594$154
41 years$18,993$11,806$7,078$4,125$2,354$129
42 years$18,333$11,244$6,639$3,807$2,136$107
43 years$17,706$10,713$6,230$3,514$1,938$90
44 years$17,109$10,212$5,848$3,245$1,759$75
45 years$16,540$9,738$5,491$2,996$1,597$62
46 years$15,998$9,289$5,157$2,768$1,450$52
47 years$15,480$8,865$4,845$2,557$1,317$43
48 years$14,985$8,463$4,553$2,363$1,196$36
49 years$14,512$8,081$4,280$2,184$1,086$30
50 years$14,059$7,720$4,024$2,018$987$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,400,000, adding $3,014 every year, while hoping to spend $57,097 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: 33/37/30 Blend
62$14,400,000$14,400,000$14,400,000$14,400,000
63$15,871,909$15,108,709$14,885,509$16,251,181
64$17,430,093$15,788,285$15,323,423$17,221,319
65$19,145,298$16,499,246$15,774,093$18,260,864
66$21,033,480$17,243,071$16,237,887$19,380,143
67$23,112,221$18,021,307$16,715,181$20,586,265
68$25,400,892$18,835,577$17,206,365$21,887,027
69$27,920,842$19,687,579$17,711,838$23,290,976
70$30,695,592$20,579,094$18,232,008$24,807,482
71$33,751,062$21,511,989$18,767,300$26,446,829
72$37,115,812$22,488,218$19,318,146$28,220,294
73$40,821,314$23,509,830$19,884,993$30,140,258
74$44,902,247$24,578,971$20,468,299$32,220,306
75$49,396,826$25,697,890$21,068,537$34,475,356
76$54,347,160$26,868,945$21,686,191$36,921,786
77$59,799,652$28,094,605$22,321,760$39,577,585
78$65,805,434$29,377,458$22,975,757$42,462,510
79$72,420,852$30,720,217$23,648,708$45,598,269
80$79,707,996$32,125,724$24,341,156$49,008,713
81$87,735,284$33,596,958$25,053,658$52,720,052
82$96,578,114$35,137,040$25,786,787$56,761,095
83$106,319,568$36,749,241$26,541,131$61,163,507
84$117,051,201$38,436,991$27,317,296$65,962,102
85$128,873,903$40,203,882$28,115,904$71,195,158
86$141,898,849$42,053,680$28,937,594$76,904,764
87$156,248,553$43,990,333$29,783,026$83,137,211
88$172,058,023$46,017,976$30,652,874$89,943,410
89$189,476,030$48,140,945$31,547,834$97,379,361
90$208,666,518$50,363,785$32,468,620$105,506,672
91$229,810,150$52,691,258$33,415,966$114,393,117
92$253,106,011$55,128,356$34,390,627$124,113,267
93$278,773,490$57,680,311$35,393,379$134,749,178
94$307,054,348$60,352,608$36,425,018$146,391,144
95$338,215,001$63,150,995$37,486,366$159,138,536
96$372,549,036$66,081,498$38,578,264$173,100,720
97$410,379,979$69,150,433$39,701,577$188,398,069
98$452,064,353$72,364,421$40,857,196$205,163,083
99$497,995,041$75,730,401$42,046,036$223,541,614
100$548,604,992$79,255,648$43,269,035$243,694,224