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%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,119,608
2 years$588,682$577,719$567,093$556,791$546,798$518,097
3 years$388,557$377,546$366,947$356,741$346,911$319,075
4 years$288,513$277,536$267,043$257,012$247,420$220,662
5 years$228,503$217,592$207,237$197,410$188,085$162,480
6 years$188,509$177,680$167,478$157,870$148,825$124,399
7 years$159,953$149,215$139,175$129,794$121,035$97,789
8 years$138,546$127,905$118,031$108,881$100,410$78,335
9 years$121,905$111,364$101,660$92,742$84,560$63,637
10 years$108,600$98,162$88,630$79,945$72,049$52,254
11 years$97,721$87,388$78,028$69,576$61,965$43,269
12 years$88,662$78,435$69,248$61,027$53,697$36,068
13 years$81,002$70,882$61,869$53,878$46,825$30,227
14 years$74,442$64,430$55,589$47,827$41,047$25,444
15 years$68,762$58,858$50,190$42,653$36,141$21,495
16 years$63,797$54,001$45,504$38,191$31,941$18,213
17 years$59,421$49,733$41,407$34,315$28,321$15,470
18 years$55,535$45,955$37,799$30,924$25,182$13,168
19 years$52,063$42,591$34,603$27,943$22,445$11,229
20 years$48,941$39,578$31,757$25,308$20,048$9,589
21 years$46,120$36,865$29,211$22,968$17,941$8,198
22 years$43,560$34,412$26,922$20,883$16,082$7,017
23 years$41,225$32,185$24,858$19,019$14,436$6,012
24 years$39,088$30,155$22,989$17,346$12,975$5,154
25 years$37,125$28,299$21,293$15,842$11,676$4,422
26 years$35,316$26,597$19,748$14,485$10,517$3,796
27 years$33,644$25,031$18,338$13,258$9,482$3,260
28 years$32,094$23,586$17,047$12,147$8,556$2,801
29 years$30,654$22,251$15,864$11,139$7,726$2,407
30 years$29,312$21,014$14,777$10,223$6,981$2,070
31 years$28,059$19,865$13,776$9,389$6,311$1,780
32 years$26,887$18,796$12,853$8,629$5,709$1,531
33 years$25,788$17,800$12,001$7,935$5,167$1,317
34 years$24,756$16,871$11,213$7,301$4,678$1,133
35 years$23,785$16,002$10,483$6,721$4,237$975
36 years$22,871$15,188$9,807$6,190$3,839$839
37 years$22,007$14,425$9,179$5,703$3,479$722
38 years$21,191$13,709$8,596$5,257$3,154$622
39 years$20,419$13,036$8,053$4,847$2,860$535
40 years$19,687$12,402$7,548$4,471$2,594$461
41 years$18,993$11,806$7,078$4,125$2,354$397
42 years$18,333$11,244$6,639$3,807$2,136$342
43 years$17,706$10,713$6,230$3,514$1,938$294
44 years$17,109$10,212$5,848$3,245$1,759$253
45 years$16,540$9,738$5,491$2,996$1,597$218
46 years$15,998$9,289$5,157$2,768$1,450$188
47 years$15,480$8,865$4,845$2,557$1,317$162
48 years$14,985$8,463$4,553$2,363$1,196$139
49 years$14,512$8,081$4,280$2,184$1,086$120
50 years$14,059$7,720$4,024$2,018$987$103

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 $3,263 every year, while hoping to spend $25,178 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: 36/42/22 Blend
62$14,400,000$14,400,000$14,400,000$14,400,000
63$15,872,166$15,108,966$14,885,766$16,337,873
64$17,464,337$15,822,516$15,357,650$17,393,137
65$19,218,067$16,570,186$15,844,498$18,529,035
66$21,149,806$17,353,622$16,346,785$19,754,822
67$23,277,685$18,174,548$16,865,001$21,078,562
68$25,621,681$19,034,773$17,399,651$22,509,094
69$28,203,810$19,936,194$17,951,257$24,056,104
70$31,048,331$20,880,800$18,520,355$25,730,216
71$34,181,976$21,870,674$19,107,503$27,543,080
72$37,634,204$22,908,004$19,713,271$29,507,477
73$41,437,478$23,995,082$20,338,251$31,637,428
74$45,627,571$25,134,310$20,983,052$33,948,323
75$50,243,902$26,328,211$21,648,303$36,457,055
76$55,329,912$27,579,425$22,334,654$39,182,170
77$60,933,471$28,890,725$23,042,772$42,144,030
78$67,107,330$30,265,015$23,773,350$45,365,001
79$73,909,620$31,705,343$24,527,100$48,869,650
80$81,404,400$33,214,903$25,304,756$52,684,964
81$89,662,261$34,797,046$26,107,078$56,840,596
82$98,760,994$36,455,284$26,934,848$61,369,135
83$108,786,324$38,193,301$27,788,873$66,306,394
84$119,832,715$40,014,960$28,669,987$71,691,742
85$132,004,270$41,924,310$29,579,049$77,568,458
86$145,415,705$43,925,601$30,516,947$83,984,125
87$160,193,436$46,023,285$31,484,594$90,991,067
88$176,476,774$48,222,033$32,482,935$98,646,821
89$194,419,236$50,526,744$33,512,945$107,014,672
90$214,189,997$52,942,553$34,575,627$116,164,227
91$235,975,486$55,474,847$35,672,020$126,172,053
92$259,981,145$58,129,274$36,803,192$137,122,385
93$286,433,370$60,911,757$37,970,247$149,107,902
94$315,581,647$63,828,507$39,174,324$162,230,573
95$347,700,909$66,886,038$40,416,598$176,602,608
96$383,094,129$70,091,181$41,698,281$192,347,487
97$422,095,181$73,451,099$43,020,624$209,601,106
98$465,071,992$76,973,305$44,384,917$228,513,031
99$512,430,015$80,665,677$45,792,492$249,247,888
100$564,616,058$84,536,477$47,244,722$271,986,887