Can I retire at age 63 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,109,937
2 years$592,771$581,731$571,031$560,658$550,595$504,517
3 years$391,255$380,167$369,495$359,219$349,320$304,928
4 years$290,517$279,463$268,898$258,797$249,138$206,769
5 years$230,090$219,103$208,676$198,781$189,391$149,153
6 years$189,818$178,914$168,641$158,967$149,859$111,777
7 years$161,064$150,252$140,141$130,695$121,875$85,936
8 years$139,508$128,793$118,851$109,637$101,107$67,273
9 years$122,752$112,138$102,366$93,386$85,147$53,365
10 years$109,354$98,844$89,245$80,500$72,549$42,758
11 years$98,400$87,995$78,570$70,059$62,395$34,523
12 years$89,277$78,980$69,729$61,451$54,070$28,043
13 years$81,565$71,374$62,298$54,252$47,150$22,887
14 years$74,959$64,877$55,975$48,159$41,332$18,750
15 years$69,240$59,267$50,538$42,949$36,392$15,408
16 years$64,240$54,376$45,820$38,457$32,163$12,693
17 years$59,834$50,078$41,695$34,553$28,518$10,478
18 years$55,921$46,275$38,062$31,139$25,357$8,663
19 years$52,424$42,887$34,844$28,137$22,601$7,173
20 years$49,281$39,852$31,978$25,483$20,188$5,945
21 years$46,441$37,121$29,413$23,128$18,066$4,932
22 years$43,862$34,651$27,109$21,028$16,193$4,095
23 years$41,511$32,408$25,030$19,151$14,536$3,402
24 years$39,360$30,365$23,149$17,467$13,065$2,828
25 years$37,383$28,496$21,441$15,952$11,757$2,352
26 years$35,562$26,781$19,885$14,585$10,590$1,956
27 years$33,878$25,204$18,465$13,350$9,548$1,628
28 years$32,317$23,750$17,166$12,232$8,615$1,355
29 years$30,867$22,405$15,974$11,217$7,779$1,128
30 years$29,516$21,160$14,879$10,294$7,029$939
31 years$28,254$20,003$13,871$9,454$6,355$782
32 years$27,074$18,927$12,942$8,689$5,749$651
33 years$25,967$17,924$12,084$7,990$5,202$543
34 years$24,928$16,988$11,291$7,352$4,710$452
35 years$23,951$16,113$10,556$6,768$4,266$376
36 years$23,029$15,293$9,875$6,233$3,865$314
37 years$22,160$14,525$9,243$5,743$3,503$261
38 years$21,338$13,804$8,656$5,293$3,176$218
39 years$20,561$13,126$8,109$4,881$2,880$181
40 years$19,824$12,489$7,601$4,502$2,612$151
41 years$19,125$11,888$7,127$4,153$2,370$126
42 years$18,461$11,322$6,686$3,833$2,151$105
43 years$17,829$10,787$6,273$3,538$1,952$87
44 years$17,228$10,282$5,889$3,267$1,772$73
45 years$16,655$9,805$5,529$3,017$1,608$61
46 years$16,109$9,354$5,193$2,787$1,460$51
47 years$15,588$8,926$4,879$2,575$1,326$42
48 years$15,089$8,521$4,585$2,379$1,204$35
49 years$14,613$8,138$4,310$2,199$1,094$29
50 years$14,157$7,773$4,052$2,032$993$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,500,000, adding $6,329 every year, while hoping to spend $35,789 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: 72/15/13 Blend
62$14,500,000$14,500,000$14,500,000$14,500,000
63$15,985,528$15,217,028$14,992,278$17,091,689
64$17,577,973$15,924,584$15,456,440$18,532,692
65$19,331,648$16,665,609$15,934,953$20,105,121
66$21,262,960$17,441,708$16,428,257$21,826,004
67$23,389,989$18,254,560$16,936,812$23,710,012
68$25,732,659$19,105,924$17,461,086$25,773,293
69$28,312,924$19,997,648$18,001,566$28,033,623
70$31,154,975$20,931,666$18,558,751$30,510,567
71$34,285,470$21,910,005$19,133,157$33,225,667
72$37,733,786$22,934,793$19,725,316$36,202,635
73$41,532,292$24,008,258$20,335,774$39,467,580
74$45,716,661$25,132,737$20,965,097$43,049,250
75$50,326,199$26,310,680$21,613,866$46,979,296
76$55,404,223$27,544,655$22,282,683$51,292,572
77$60,998,465$28,837,355$22,972,164$56,027,457
78$67,161,525$30,191,601$23,682,948$61,226,216
79$73,951,365$31,610,354$24,415,691$66,935,393
80$81,431,858$33,096,716$25,171,071$73,206,247
81$89,673,392$34,653,940$25,949,786$80,095,231
82$98,753,531$36,285,435$26,752,556$87,664,520
83$108,757,747$37,994,777$27,580,123$95,982,597
84$119,780,230$39,785,715$28,433,251$105,124,886
85$131,924,777$41,662,178$29,312,728$115,174,469
86$145,305,767$43,628,287$30,219,367$126,222,856
87$160,049,244$45,688,362$31,154,005$138,370,849
88$176,294,109$47,846,934$32,117,505$151,729,485
89$194,193,424$50,108,750$33,110,758$166,421,078
90$213,915,866$52,478,791$34,134,681$182,580,369
91$235,647,309$54,962,277$35,190,218$200,355,788
92$259,592,589$57,564,683$36,278,344$219,910,850
93$285,977,429$60,291,748$37,400,065$241,425,693
94$315,050,574$63,149,491$38,556,414$265,098,767
95$347,086,138$66,144,221$39,748,460$291,148,703
96$382,386,193$69,282,557$40,977,301$319,816,363
97$421,283,617$72,571,435$42,244,074$351,367,113
98$464,145,240$76,018,129$43,549,945$386,093,312
99$511,375,306$79,630,269$44,896,119$424,317,064
100$563,419,287$83,415,852$46,283,839$466,393,251