Can I retire at age 63 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,139,321
2 years$596,859$585,743$574,970$564,524$554,393$529,424
3 years$393,953$382,789$372,043$361,696$351,729$327,475
4 years$292,520$281,391$270,752$260,582$250,856$227,504
5 years$231,677$220,614$210,115$200,152$190,697$168,311
6 years$191,127$180,148$169,804$160,063$150,892$129,497
7 years$162,175$151,288$141,108$131,597$122,716$102,316
8 years$140,471$129,682$119,671$110,393$101,804$82,393
9 years$123,598$112,911$103,072$94,030$85,734$67,297
10 years$110,108$99,526$89,861$81,055$73,050$55,568
11 years$99,078$88,602$79,112$70,542$62,825$46,277
12 years$89,893$79,524$70,210$61,875$54,443$38,803
13 years$82,127$71,867$62,728$54,626$47,475$32,716
14 years$75,476$65,325$56,361$48,491$41,617$27,709
15 years$69,718$59,675$50,887$43,246$36,643$23,555
16 years$64,684$54,751$46,136$38,722$32,385$20,087
17 years$60,246$50,424$41,982$34,791$28,715$17,174
18 years$56,307$46,594$38,324$31,354$25,532$14,715
19 years$52,786$43,183$35,084$28,331$22,757$12,632
20 years$49,621$40,127$32,198$25,659$20,327$10,861
21 years$46,761$37,377$29,616$23,287$18,190$9,350
22 years$44,165$34,890$27,296$21,173$16,305$8,059
23 years$41,798$32,632$25,203$19,283$14,636$6,953
24 years$39,631$30,574$23,309$17,587$13,155$6,004
25 years$37,641$28,692$21,588$16,062$11,838$5,188
26 years$35,807$26,966$20,022$14,686$10,663$4,486
27 years$34,112$25,378$18,592$13,442$9,614$3,881
28 years$32,540$23,914$17,284$12,316$8,675$3,359
29 years$31,080$22,560$16,084$11,294$7,833$2,908
30 years$29,719$21,305$14,982$10,365$7,078$2,519
31 years$28,449$20,141$13,967$9,520$6,399$2,182
32 years$27,261$19,057$13,032$8,749$5,788$1,891
33 years$26,146$18,047$12,168$8,045$5,238$1,639
34 years$25,100$17,105$11,369$7,402$4,743$1,421
35 years$24,116$16,224$10,629$6,814$4,296$1,232
36 years$23,188$15,399$9,943$6,276$3,892$1,069
37 years$22,313$14,625$9,307$5,782$3,528$927
38 years$21,485$13,899$8,715$5,330$3,198$804
39 years$20,702$13,217$8,165$4,914$2,900$698
40 years$19,961$12,575$7,653$4,533$2,630$605
41 years$19,257$11,970$7,176$4,182$2,386$525
42 years$18,588$11,400$6,732$3,859$2,165$456
43 years$17,952$10,862$6,317$3,563$1,965$395
44 years$17,347$10,353$5,929$3,290$1,784$343
45 years$16,770$9,873$5,567$3,038$1,619$298
46 years$16,220$9,418$5,229$2,806$1,470$258
47 years$15,695$8,988$4,913$2,593$1,335$224
48 years$15,193$8,580$4,617$2,396$1,213$195
49 years$14,714$8,194$4,339$2,214$1,101$169
50 years$14,255$7,827$4,080$2,046$1,000$147

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,600,000, adding $2,526 every year, while hoping to spend $26,055 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: 40/49/11 Blend
62$14,600,000$14,600,000$14,600,000$14,600,000
63$16,091,806$15,318,006$15,091,706$16,682,398
64$17,705,447$16,040,866$15,569,555$17,821,650
65$19,482,807$16,798,272$16,062,540$19,050,530
66$21,440,558$17,591,891$16,571,139$20,379,316
67$23,597,069$18,423,469$17,095,846$21,817,060
68$25,972,586$19,294,835$17,637,173$23,373,686
69$28,589,417$20,207,909$18,195,646$25,060,072
70$31,472,146$21,164,704$18,771,808$26,888,152
71$34,647,861$22,167,331$19,366,220$28,871,015
72$38,146,413$23,218,001$19,979,459$31,023,022
73$42,000,699$24,319,035$20,612,123$33,359,935
74$46,246,968$25,472,865$21,264,826$35,899,052
75$50,925,165$26,682,042$21,938,204$38,659,365
76$56,079,311$27,949,240$22,632,913$41,661,727
77$61,757,912$29,277,265$23,349,626$44,929,038
78$68,014,423$30,669,055$24,089,043$48,486,453
79$74,907,750$32,127,695$24,851,883$52,361,603
80$82,502,807$33,656,418$25,638,887$56,584,848
81$90,871,125$35,258,614$26,450,821$61,189,551
82$100,091,531$36,937,838$27,288,475$66,212,374
83$110,250,894$38,697,818$28,152,665$71,693,618
84$121,444,936$40,542,463$29,044,231$77,677,583
85$133,779,148$42,475,871$29,964,041$84,212,975
86$147,369,774$44,502,342$30,912,989$91,353,345
87$162,344,916$46,626,382$31,892,000$99,157,583
88$178,845,741$48,852,718$32,902,025$107,690,452
89$197,027,812$51,186,306$33,944,048$117,023,185
90$217,062,557$53,632,344$35,019,082$127,234,134
91$239,138,891$56,196,282$36,128,175$138,409,493
92$263,464,993$58,883,836$37,272,404$150,644,088
93$290,270,277$61,700,998$38,452,884$164,042,252
94$319,807,553$64,654,055$39,670,764$178,718,786
95$352,355,418$67,749,597$40,927,228$194,800,017
96$388,220,880$70,994,537$42,223,500$212,424,967
97$427,742,263$74,396,123$43,560,841$231,746,639
98$471,292,398$77,961,957$44,940,553$252,933,432
99$519,282,140$81,700,010$46,363,978$276,170,701
100$572,164,250$85,618,642$47,832,503$301,662,477