Can I retire at age 63 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,148,531
2 years$600,947$589,755$578,908$568,391$558,190$534,449
3 years$396,652$385,411$374,592$364,174$354,139$331,065
4 years$294,524$283,318$272,607$262,367$252,575$230,346
5 years$233,263$222,125$211,554$201,523$192,003$170,683
6 years$192,436$181,382$170,967$161,159$151,926$131,536
7 years$163,286$152,324$142,074$132,498$123,556$104,103
8 years$141,433$130,570$120,490$111,149$102,502$83,978
9 years$124,445$113,684$103,778$94,674$86,321$68,715
10 years$110,862$100,207$90,476$81,610$73,550$56,844
11 years$99,757$89,209$79,654$71,025$63,256$47,430
12 years$90,509$80,069$70,691$62,299$54,816$39,847
13 years$82,690$72,359$63,158$55,001$47,801$33,663
14 years$75,993$65,772$56,747$48,823$41,902$28,569
15 years$70,195$60,084$51,235$43,542$36,894$24,338
16 years$65,127$55,126$46,452$38,987$32,607$20,798
17 years$60,659$50,769$42,270$35,029$28,911$17,820
18 years$56,692$46,913$38,587$31,569$25,707$15,303
19 years$53,147$43,478$35,324$28,525$22,913$13,165
20 years$49,961$40,402$32,419$25,835$20,466$11,345
21 years$47,081$37,633$29,819$23,447$18,315$9,790
22 years$44,467$35,129$27,483$21,318$16,417$8,457
23 years$42,084$32,856$25,376$19,415$14,737$7,314
24 years$39,903$30,784$23,468$17,708$13,246$6,330
25 years$37,899$28,889$21,736$16,172$11,919$5,483
26 years$36,052$27,151$20,159$14,787$10,736$4,752
27 years$34,345$25,552$18,720$13,535$9,680$4,121
28 years$32,763$24,078$17,402$12,401$8,734$3,576
29 years$31,293$22,714$16,194$11,372$7,887$3,104
30 years$29,923$21,451$15,084$10,436$7,126$2,695
31 years$28,644$20,279$14,063$9,585$6,443$2,340
32 years$27,447$19,188$13,121$8,809$5,828$2,033
33 years$26,326$18,171$12,251$8,100$5,274$1,767
34 years$25,272$17,222$11,447$7,453$4,775$1,536
35 years$24,281$16,335$10,702$6,861$4,325$1,335
36 years$23,347$15,504$10,011$6,319$3,919$1,161
37 years$22,466$14,725$9,370$5,822$3,552$1,009
38 years$21,633$13,994$8,775$5,366$3,220$878
39 years$20,844$13,307$8,221$4,948$2,920$763
40 years$20,097$12,661$7,706$4,564$2,648$664
41 years$19,388$12,052$7,225$4,211$2,403$578
42 years$18,715$11,478$6,778$3,886$2,180$503
43 years$18,075$10,936$6,360$3,587$1,979$437
44 years$17,466$10,424$5,970$3,312$1,796$380
45 years$16,885$9,941$5,606$3,059$1,631$331
46 years$16,331$9,483$5,265$2,825$1,480$288
47 years$15,803$9,050$4,946$2,610$1,344$251
48 years$15,298$8,639$4,648$2,412$1,221$218
49 years$14,815$8,250$4,369$2,229$1,109$190
50 years$14,352$7,881$4,107$2,060$1,007$165

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,700,000, adding $5,877 every year, while hoping to spend $45,322 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: 78/10/12 Blend
62$14,700,000$14,700,000$14,700,000$14,700,000
63$16,205,462$15,426,362$15,198,512$17,432,176
64$17,810,197$16,134,032$15,659,440$18,947,743
65$19,577,096$16,874,858$16,134,290$20,603,237
66$21,522,652$17,650,418$16,623,481$22,417,723
67$23,665,038$18,462,364$17,127,443$24,407,050
68$26,024,280$19,312,428$17,646,621$26,588,668
69$28,622,446$20,202,426$18,181,472$28,981,792
70$31,483,850$21,134,260$18,732,466$31,607,582
71$34,635,288$22,109,925$19,300,089$34,489,338
72$38,106,286$23,131,509$19,884,840$37,652,721
73$41,929,378$24,201,204$20,487,234$41,125,990
74$46,140,418$25,321,307$21,107,799$44,940,271
75$50,778,913$26,494,223$21,747,083$49,129,841
76$55,888,398$27,722,475$22,405,645$53,732,457
77$61,516,846$29,008,708$23,084,066$58,789,705
78$67,717,122$30,355,693$23,782,940$64,347,389
79$74,547,482$31,766,335$24,502,882$70,455,964
80$82,072,120$33,243,680$25,244,523$77,171,007
81$90,361,775$34,790,920$26,008,514$84,553,740
82$99,494,402$36,411,401$26,795,526$92,671,602
83$109,555,903$38,108,631$27,606,247$101,598,885
84$120,640,938$39,886,287$28,441,389$111,417,431
85$132,853,822$41,748,224$29,301,685$122,217,399
86$146,309,507$43,698,482$30,187,886$134,098,114
87$161,134,667$45,741,297$31,100,770$147,169,001
88$177,468,893$47,881,111$32,041,136$161,550,613
89$195,466,012$50,122,577$33,009,806$177,375,765
90$215,295,540$52,470,578$34,007,629$194,790,780
91$237,144,276$54,930,228$35,035,476$213,956,872
92$261,218,075$57,506,892$36,094,247$235,051,658
93$287,743,782$60,206,192$37,184,867$258,270,830
94$316,971,376$63,034,024$38,308,289$283,829,998
95$349,176,333$65,996,568$39,465,494$311,966,719
96$384,662,224$69,100,305$40,657,492$342,942,736
97$423,763,577$72,352,026$41,885,324$377,046,439
98$466,849,041$75,758,854$43,150,062$414,595,584
99$514,324,862$79,328,257$44,452,808$455,940,283
100$566,638,719$83,068,063$45,794,698$501,466,307