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%16%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,120,062
2 years$588,682$577,719$567,093$556,791$546,798$518,547
3 years$388,557$377,546$366,947$356,741$346,911$319,507
4 years$288,513$277,536$267,043$257,012$247,420$221,072
5 years$228,503$217,592$207,237$197,410$188,085$162,868
6 years$188,509$177,680$167,478$157,870$148,825$124,764
7 years$159,953$149,215$139,175$129,794$121,035$98,132
8 years$138,546$127,905$118,031$108,881$100,410$78,656
9 years$121,905$111,364$101,660$92,742$84,560$63,936
10 years$108,600$98,162$88,630$79,945$72,049$52,532
11 years$97,721$87,388$78,028$69,576$61,965$43,526
12 years$88,662$78,435$69,248$61,027$53,697$36,307
13 years$81,002$70,882$61,869$53,878$46,825$30,448
14 years$74,442$64,430$55,589$47,827$41,047$25,647
15 years$68,762$58,858$50,190$42,653$36,141$21,682
16 years$63,797$54,001$45,504$38,191$31,941$18,384
17 years$59,421$49,733$41,407$34,315$28,321$15,627
18 years$55,535$45,955$37,799$30,924$25,182$13,312
19 years$52,063$42,591$34,603$27,943$22,445$11,359
20 years$48,941$39,578$31,757$25,308$20,048$9,708
21 years$46,120$36,865$29,211$22,968$17,941$8,307
22 years$43,560$34,412$26,922$20,883$16,082$7,115
23 years$41,225$32,185$24,858$19,019$14,436$6,101
24 years$39,088$30,155$22,989$17,346$12,975$5,234
25 years$37,125$28,299$21,293$15,842$11,676$4,494
26 years$35,316$26,597$19,748$14,485$10,517$3,861
27 years$33,644$25,031$18,338$13,258$9,482$3,319
28 years$32,094$23,586$17,047$12,147$8,556$2,854
29 years$30,654$22,251$15,864$11,139$7,726$2,455
30 years$29,312$21,014$14,777$10,223$6,981$2,112
31 years$28,059$19,865$13,776$9,389$6,311$1,818
32 years$26,887$18,796$12,853$8,629$5,709$1,565
33 years$25,788$17,800$12,001$7,935$5,167$1,347
34 years$24,756$16,871$11,213$7,301$4,678$1,160
35 years$23,785$16,002$10,483$6,721$4,237$999
36 years$22,871$15,188$9,807$6,190$3,839$861
37 years$22,007$14,425$9,179$5,703$3,479$742
38 years$21,191$13,709$8,596$5,257$3,154$639
39 years$20,419$13,036$8,053$4,847$2,860$551
40 years$19,687$12,402$7,548$4,471$2,594$474
41 years$18,993$11,806$7,078$4,125$2,354$409
42 years$18,333$11,244$6,639$3,807$2,136$352
43 years$17,706$10,713$6,230$3,514$1,938$304
44 years$17,109$10,212$5,848$3,245$1,759$262
45 years$16,540$9,738$5,491$2,996$1,597$226
46 years$15,998$9,289$5,157$2,768$1,450$194
47 years$15,480$8,865$4,845$2,557$1,317$168
48 years$14,985$8,463$4,553$2,363$1,196$144
49 years$14,512$8,081$4,280$2,184$1,086$125
50 years$14,059$7,720$4,024$2,018$987$107

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 $5,772 every year, while hoping to spend $47,014 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: 61/18/21 Blend
62$14,400,000$14,400,000$14,400,000$14,400,000
63$15,874,754$15,111,554$14,888,354$16,755,520
64$17,443,956$15,801,997$15,337,091$18,042,500
65$19,171,641$16,524,697$15,799,285$19,440,781
66$21,073,925$17,281,184$16,275,338$20,965,821
67$23,168,566$18,073,061$16,765,662$22,629,950
68$25,475,130$18,902,012$17,270,682$24,446,733
69$28,015,180$19,769,797$17,790,836$26,431,092
70$30,812,475$20,678,264$18,326,576$28,599,444
71$33,893,196$21,629,348$18,878,365$30,969,856
72$37,286,193$22,625,077$19,446,681$33,562,207
73$41,023,256$23,667,577$20,032,016$36,398,377
74$45,139,416$24,759,077$20,634,877$39,502,444
75$49,673,277$25,901,911$21,255,786$42,900,912
76$54,667,374$27,098,528$21,895,278$46,622,954
77$60,168,584$28,351,493$22,553,907$50,700,686
78$66,228,558$29,663,496$23,232,242$55,169,461
79$72,904,218$31,037,353$23,930,869$60,068,201
80$80,258,286$32,476,021$24,650,390$65,439,759
81$88,359,880$33,982,596$25,391,428$71,331,318
82$97,285,168$35,560,323$26,154,620$77,794,829
83$107,118,081$37,212,605$26,940,626$84,887,500
84$117,951,111$38,943,008$27,750,123$92,672,324
85$129,886,180$40,755,271$28,583,808$101,218,676
86$143,035,603$42,653,313$29,442,398$110,602,950
87$157,523,151$44,641,241$30,326,635$120,909,283
88$173,485,213$46,723,362$31,237,277$132,230,339
89$191,072,088$48,904,190$32,175,109$144,668,173
90$210,449,402$51,188,457$33,140,937$158,335,193
91$231,799,674$53,581,124$34,135,592$173,355,206
92$255,324,033$56,087,392$35,159,926$189,864,585
93$281,244,122$58,712,711$36,214,821$208,013,542
94$309,804,186$61,462,798$37,301,182$227,967,540
95$341,273,382$64,343,644$38,419,940$249,908,846
96$375,948,314$67,361,530$39,572,055$274,038,237
97$414,155,839$70,523,041$40,758,515$300,576,891
98$456,256,146$73,835,082$41,980,337$329,768,460
99$502,646,161$77,304,889$43,238,567$361,881,358
100$553,763,293$80,940,052$44,534,282$397,211,287