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%18%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,126,506
2 years$596,859$585,743$574,970$564,524$554,393$516,746
3 years$393,953$382,789$372,043$361,696$351,729$315,336
4 years$292,520$281,391$270,752$260,582$250,856$215,995
5 years$231,677$220,614$210,115$200,152$190,697$157,461
6 years$191,127$180,148$169,804$160,063$150,892$119,308
7 years$162,175$151,288$141,108$131,597$122,716$92,781
8 years$140,471$129,682$119,671$110,393$101,804$73,498
9 years$123,598$112,911$103,072$94,030$85,734$59,023
10 years$110,108$99,526$89,861$81,055$73,050$47,893
11 years$99,078$88,602$79,112$70,542$62,825$39,176
12 years$89,893$79,524$70,210$61,875$54,443$32,249
13 years$82,127$71,867$62,728$54,626$47,475$26,683
14 years$75,476$65,325$56,361$48,491$41,617$22,167
15 years$69,718$59,675$50,887$43,246$36,643$18,478
16 years$64,684$54,751$46,136$38,722$32,385$15,444
17 years$60,246$50,424$41,982$34,791$28,715$12,938
18 years$56,307$46,594$38,324$31,354$25,532$10,859
19 years$52,786$43,183$35,084$28,331$22,757$9,128
20 years$49,621$40,127$32,198$25,659$20,327$7,683
21 years$46,761$37,377$29,616$23,287$18,190$6,473
22 years$44,165$34,890$27,296$21,173$16,305$5,459
23 years$41,798$32,632$25,203$19,283$14,636$4,608
24 years$39,631$30,574$23,309$17,587$13,155$3,891
25 years$37,641$28,692$21,588$16,062$11,838$3,288
26 years$35,807$26,966$20,022$14,686$10,663$2,780
27 years$34,112$25,378$18,592$13,442$9,614$2,351
28 years$32,540$23,914$17,284$12,316$8,675$1,989
29 years$31,080$22,560$16,084$11,294$7,833$1,683
30 years$29,719$21,305$14,982$10,365$7,078$1,424
31 years$28,449$20,141$13,967$9,520$6,399$1,206
32 years$27,261$19,057$13,032$8,749$5,788$1,021
33 years$26,146$18,047$12,168$8,045$5,238$864
34 years$25,100$17,105$11,369$7,402$4,743$732
35 years$24,116$16,224$10,629$6,814$4,296$620
36 years$23,188$15,399$9,943$6,276$3,892$525
37 years$22,313$14,625$9,307$5,782$3,528$445
38 years$21,485$13,899$8,715$5,330$3,198$377
39 years$20,702$13,217$8,165$4,914$2,900$319
40 years$19,961$12,575$7,653$4,533$2,630$271
41 years$19,257$11,970$7,176$4,182$2,386$229
42 years$18,588$11,400$6,732$3,859$2,165$194
43 years$17,952$10,862$6,317$3,563$1,965$165
44 years$17,347$10,353$5,929$3,290$1,784$139
45 years$16,770$9,873$5,567$3,038$1,619$118
46 years$16,220$9,418$5,229$2,806$1,470$100
47 years$15,695$8,988$4,913$2,593$1,335$85
48 years$15,193$8,580$4,617$2,396$1,213$72
49 years$14,714$8,194$4,339$2,214$1,101$61
50 years$14,255$7,827$4,080$2,046$1,000$52

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 $4,450 every year, while hoping to spend $27,998 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: 73/17/10 Blend
62$14,600,000$14,600,000$14,600,000$14,600,000
63$16,093,790$15,319,990$15,093,690$17,238,362
64$17,705,567$16,040,880$15,569,539$18,715,669
65$19,480,807$16,796,155$16,060,391$20,329,277
66$21,436,153$17,587,471$16,566,718$22,095,802
67$23,589,947$18,416,562$17,089,008$24,030,359
68$25,962,397$19,285,250$17,627,766$26,149,583
69$28,575,775$20,195,440$18,183,510$28,471,783
70$31,454,621$21,149,135$18,756,775$31,017,113
71$34,625,980$22,148,430$19,348,114$33,807,761
72$38,119,652$23,195,524$19,958,097$36,868,151
73$41,968,475$24,292,724$20,587,312$40,225,172
74$46,208,638$25,442,445$21,236,366$43,908,429
75$50,880,017$26,647,224$21,905,883$47,950,521
76$56,026,558$27,909,717$22,596,509$52,387,337
77$61,696,684$29,232,710$23,308,909$57,258,400
78$67,943,759$30,619,126$24,043,771$62,607,230
79$74,826,587$32,072,028$24,801,801$68,481,753
80$82,409,969$33,594,627$25,583,732$74,934,747
81$90,765,315$35,190,293$26,390,316$82,024,337
82$99,971,316$36,862,557$27,222,331$89,814,537
83$110,114,690$38,615,121$28,080,578$98,375,851
84$121,290,996$40,451,870$28,965,885$107,785,932
85$133,605,540$42,376,874$29,879,105$118,130,308
86$147,174,368$44,394,404$30,821,118$129,503,185
87$162,125,360$46,508,936$31,792,832$142,008,331
88$178,599,438$48,725,165$32,795,183$155,760,046
89$196,751,897$51,048,014$33,829,137$170,884,236
90$216,753,869$53,482,646$34,895,692$187,519,595
91$238,793,940$56,034,472$35,995,875$205,818,903
92$263,079,931$58,709,170$37,130,745$225,950,465
93$289,840,857$61,512,692$38,301,398$248,099,691
94$319,329,090$64,451,280$39,508,961$272,470,834
95$351,822,744$67,531,479$40,754,598$299,288,912
96$387,628,296$70,760,154$42,039,509$328,801,823
97$427,083,483$74,144,503$43,364,934$361,282,675
98$470,560,488$77,692,073$44,732,148$397,032,351
99$518,469,454$81,410,780$46,142,471$436,382,343
100$571,262,355$85,308,926$47,597,262$479,697,869