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

Use the below retirement simulation to view the chances of a successful retirement.
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%17%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,115,544
2 years$588,682$577,719$567,093$556,791$546,798$514,075
3 years$388,557$377,546$366,947$356,741$346,911$315,223
4 years$288,513$277,536$267,043$257,012$247,420$217,010
5 years$228,503$217,592$207,237$197,410$188,085$159,036
6 years$188,509$177,680$167,478$157,870$148,825$121,165
7 years$159,953$149,215$139,175$129,794$121,035$94,762
8 years$138,546$127,905$118,031$108,881$100,410$75,511
9 years$121,905$111,364$101,660$92,742$84,560$61,010
10 years$108,600$98,162$88,630$79,945$72,049$49,816
11 years$97,721$87,388$78,028$69,576$61,965$41,013
12 years$88,662$78,435$69,248$61,027$53,697$33,986
13 years$81,002$70,882$61,869$53,878$46,825$28,310
14 years$74,442$64,430$55,589$47,827$41,047$23,683
15 years$68,762$58,858$50,190$42,653$36,141$19,881
16 years$63,797$54,001$45,504$38,191$31,941$16,738
17 years$59,421$49,733$41,407$34,315$28,321$14,125
18 years$55,535$45,955$37,799$30,924$25,182$11,943
19 years$52,063$42,591$34,603$27,943$22,445$10,115
20 years$48,941$39,578$31,757$25,308$20,048$8,579
21 years$46,120$36,865$29,211$22,968$17,941$7,285
22 years$43,560$34,412$26,922$20,883$16,082$6,192
23 years$41,225$32,185$24,858$19,019$14,436$5,267
24 years$39,088$30,155$22,989$17,346$12,975$4,484
25 years$37,125$28,299$21,293$15,842$11,676$3,819
26 years$35,316$26,597$19,748$14,485$10,517$3,255
27 years$33,644$25,031$18,338$13,258$9,482$2,775
28 years$32,094$23,586$17,047$12,147$8,556$2,367
29 years$30,654$22,251$15,864$11,139$7,726$2,019
30 years$29,312$21,014$14,777$10,223$6,981$1,723
31 years$28,059$19,865$13,776$9,389$6,311$1,471
32 years$26,887$18,796$12,853$8,629$5,709$1,256
33 years$25,788$17,800$12,001$7,935$5,167$1,072
34 years$24,756$16,871$11,213$7,301$4,678$916
35 years$23,785$16,002$10,483$6,721$4,237$782
36 years$22,871$15,188$9,807$6,190$3,839$668
37 years$22,007$14,425$9,179$5,703$3,479$571
38 years$21,191$13,709$8,596$5,257$3,154$488
39 years$20,419$13,036$8,053$4,847$2,860$417
40 years$19,687$12,402$7,548$4,471$2,594$356
41 years$18,993$11,806$7,078$4,125$2,354$304
42 years$18,333$11,244$6,639$3,807$2,136$260
43 years$17,706$10,713$6,230$3,514$1,938$222
44 years$17,109$10,212$5,848$3,245$1,759$190
45 years$16,540$9,738$5,491$2,996$1,597$162
46 years$15,998$9,289$5,157$2,768$1,450$139
47 years$15,480$8,865$4,845$2,557$1,317$118
48 years$14,985$8,463$4,553$2,363$1,196$101
49 years$14,512$8,081$4,280$2,184$1,086$87
50 years$14,059$7,720$4,024$2,018$987$74

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 $4,776 every year, while hoping to spend $46,990 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: 87/5/8 Blend
62$14,400,000$14,400,000$14,400,000$14,400,000
63$15,873,726$15,110,526$14,887,326$17,241,745
64$17,442,850$15,800,945$15,336,055$18,824,595
65$19,170,448$16,523,620$15,798,241$20,557,179
66$21,072,638$17,280,081$16,274,285$22,460,072
67$23,167,175$18,071,932$16,764,602$24,550,418
68$25,473,626$18,900,857$17,269,616$26,847,099
69$28,013,552$19,768,615$17,789,764$29,370,915
70$30,810,712$20,677,055$18,325,499$32,144,779
71$33,891,285$21,628,111$18,877,283$35,193,930
72$37,284,120$22,623,812$19,445,596$38,546,172
73$41,021,005$23,666,284$20,030,929$42,232,136
74$45,136,971$24,757,755$20,633,788$46,285,565
75$49,670,618$25,900,561$21,254,696$50,743,632
76$54,664,481$27,097,149$21,894,188$55,647,291
77$60,165,434$28,350,084$22,552,819$61,041,661
78$66,225,126$29,662,057$23,231,157$66,976,450
79$72,900,476$31,035,885$23,929,788$73,506,423
80$80,254,204$32,474,523$24,649,316$80,691,919
81$88,355,426$33,981,067$25,390,360$88,599,415
82$97,280,304$35,558,764$26,153,562$97,302,154
83$107,112,767$37,211,016$26,939,578$106,880,837
84$117,945,302$38,941,388$27,749,087$117,424,376
85$129,879,828$40,753,621$28,582,786$129,030,740
86$143,028,654$42,651,632$29,441,393$141,807,870
87$157,515,545$44,639,530$30,325,648$155,874,699
88$173,476,884$46,721,621$31,236,311$171,362,275
89$191,062,965$48,902,420$32,174,167$188,414,990
90$210,439,407$51,186,657$33,140,020$207,191,946
91$231,788,718$53,579,295$34,134,703$227,868,450
92$255,312,021$56,085,534$35,159,068$250,637,669
93$281,230,947$58,710,825$36,213,997$275,712,451
94$309,789,732$61,460,884$37,300,395$303,327,328
95$341,257,520$64,341,703$38,419,194$333,740,731
96$375,930,904$67,359,563$39,571,353$367,237,424
97$414,136,723$70,521,049$40,757,861$404,131,191
98$456,235,154$73,833,065$41,979,734$444,767,792
99$502,623,104$77,302,849$43,238,019$489,528,224
100$553,737,961$80,937,990$44,533,794$538,832,318