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%17.6%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,136,041
2 years$600,947$589,755$578,908$568,391$558,190$522,078
3 years$396,652$385,411$374,592$364,174$354,139$319,204
4 years$294,524$283,318$272,607$262,367$252,575$219,086
5 years$233,263$222,125$211,554$201,523$192,003$160,051
6 years$192,436$181,382$170,967$161,159$151,926$121,538
7 years$163,286$152,324$142,074$132,498$123,556$94,731
8 years$141,433$130,570$120,490$111,149$102,502$75,220
9 years$124,445$113,684$103,778$94,674$86,321$60,553
10 years$110,862$100,207$90,476$81,610$73,550$49,258
11 years$99,757$89,209$79,654$71,025$63,256$40,397
12 years$90,509$80,069$70,691$62,299$54,816$33,343
13 years$82,690$72,359$63,158$55,001$47,801$27,662
14 years$75,993$65,772$56,747$48,823$41,902$23,045
15 years$70,195$60,084$51,235$43,542$36,894$19,264
16 years$65,127$55,126$46,452$38,987$32,607$16,148
17 years$60,659$50,769$42,270$35,029$28,911$13,567
18 years$56,692$46,913$38,587$31,569$25,707$11,421
19 years$53,147$43,478$35,324$28,525$22,913$9,629
20 years$49,961$40,402$32,419$25,835$20,466$8,130
21 years$47,081$37,633$29,819$23,447$18,315$6,871
22 years$44,467$35,129$27,483$21,318$16,417$5,813
23 years$42,084$32,856$25,376$19,415$14,737$4,922
24 years$39,903$30,784$23,468$17,708$13,246$4,170
25 years$37,899$28,889$21,736$16,172$11,919$3,535
26 years$36,052$27,151$20,159$14,787$10,736$2,998
27 years$34,345$25,552$18,720$13,535$9,680$2,543
28 years$32,763$24,078$17,402$12,401$8,734$2,159
29 years$31,293$22,714$16,194$11,372$7,887$1,833
30 years$29,923$21,451$15,084$10,436$7,126$1,556
31 years$28,644$20,279$14,063$9,585$6,443$1,322
32 years$27,447$19,188$13,121$8,809$5,828$1,123
33 years$26,326$18,171$12,251$8,100$5,274$954
34 years$25,272$17,222$11,447$7,453$4,775$811
35 years$24,281$16,335$10,702$6,861$4,325$689
36 years$23,347$15,504$10,011$6,319$3,919$585
37 years$22,466$14,725$9,370$5,822$3,552$498
38 years$21,633$13,994$8,775$5,366$3,220$423
39 years$20,844$13,307$8,221$4,948$2,920$360
40 years$20,097$12,661$7,706$4,564$2,648$306
41 years$19,388$12,052$7,225$4,211$2,403$260
42 years$18,715$11,478$6,778$3,886$2,180$221
43 years$18,075$10,936$6,360$3,587$1,979$188
44 years$17,466$10,424$5,970$3,312$1,796$160
45 years$16,885$9,941$5,606$3,059$1,631$136
46 years$16,331$9,483$5,265$2,825$1,480$115
47 years$15,803$9,050$4,946$2,610$1,344$98
48 years$15,298$8,639$4,648$2,412$1,221$83
49 years$14,815$8,250$4,369$2,229$1,109$71
50 years$14,352$7,881$4,107$2,060$1,007$60

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 $4,533 every year, while hoping to spend $43,699 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: 53/42/5 Blend
62$14,700,000$14,700,000$14,700,000$14,700,000
63$16,204,076$15,424,976$15,197,126$17,045,043
64$17,810,396$16,134,304$15,659,734$18,323,557
65$19,579,097$16,876,925$16,136,375$19,708,510
66$21,526,694$17,654,424$16,627,473$21,214,067
67$23,671,387$18,468,461$17,133,464$22,851,611
68$26,033,232$19,320,780$17,654,799$24,633,647
69$28,634,327$20,213,203$18,191,940$26,573,910
70$31,499,024$21,147,645$18,745,365$28,687,490
71$34,654,156$22,126,111$19,315,566$30,990,969
72$38,129,291$23,150,702$19,903,049$33,502,567
73$41,957,013$24,223,620$20,508,335$36,242,314
74$46,173,226$25,347,176$21,131,963$39,232,226
75$50,817,496$26,523,788$21,774,484$42,496,505
76$55,933,422$27,755,995$22,436,470$46,061,763
77$61,569,046$29,046,455$23,118,508$49,957,263
78$67,777,313$30,397,955$23,821,202$54,215,187
79$74,616,562$31,813,418$24,545,175$58,870,927
80$82,151,082$33,295,906$25,291,070$63,963,416
81$90,451,718$34,848,631$26,059,546$69,535,479
82$99,596,537$36,474,958$26,851,284$75,634,231
83$109,671,568$38,178,415$27,666,987$82,311,510
84$120,771,612$39,962,701$28,507,375$89,624,351
85$133,001,138$41,831,694$29,373,193$97,635,518
86$146,475,265$43,789,459$30,265,206$106,414,078
87$161,320,856$45,840,256$31,184,205$116,036,044
88$177,677,709$47,988,554$32,131,000$126,585,078
89$195,699,877$50,239,035$33,106,431$138,153,264
90$215,557,126$52,596,610$34,111,358$150,841,961
91$237,436,534$55,066,425$35,146,670$164,762,750
92$261,544,259$57,653,878$36,213,281$180,038,462
93$288,107,481$60,364,625$37,312,134$196,804,328
94$317,376,551$63,204,599$38,444,198$215,209,231
95$349,627,353$66,180,018$39,610,472$235,417,096
96$385,163,906$69,297,402$40,811,986$257,608,412
97$424,321,236$72,563,586$42,049,799$281,981,924
98$467,468,538$75,985,738$43,325,004$308,756,476
99$515,012,661$79,571,371$44,638,723$338,173,062
100$567,401,948$83,328,364$45,992,116$370,497,072