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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,160,440
2 years$600,947$589,755$578,908$568,391$558,190$546,347
3 years$396,652$385,411$374,592$364,174$354,139$342,578
4 years$294,524$283,318$272,607$262,367$252,575$241,386
5 years$233,263$222,125$211,554$201,523$192,003$181,219
6 years$192,436$181,382$170,967$161,159$151,926$141,559
7 years$163,286$152,324$142,074$132,498$123,556$113,612
8 years$141,433$130,570$120,490$111,149$102,502$92,979
9 years$124,445$113,684$103,778$94,674$86,321$77,217
10 years$110,862$100,207$90,476$81,610$73,550$64,859
11 years$99,757$89,209$79,654$71,025$63,256$54,970
12 years$90,509$80,069$70,691$62,299$54,816$46,928
13 years$82,690$72,359$63,158$55,001$47,801$40,301
14 years$75,993$65,772$56,747$48,823$41,902$34,780
15 years$70,195$60,084$51,235$43,542$36,894$30,140
16 years$65,127$55,126$46,452$38,987$32,607$26,209
17 years$60,659$50,769$42,270$35,029$28,911$22,858
18 years$56,692$46,913$38,587$31,569$25,707$19,986
19 years$53,147$43,478$35,324$28,525$22,913$17,513
20 years$49,961$40,402$32,419$25,835$20,466$15,375
21 years$47,081$37,633$29,819$23,447$18,315$13,519
22 years$44,467$35,129$27,483$21,318$16,417$11,904
23 years$42,084$32,856$25,376$19,415$14,737$10,495
24 years$39,903$30,784$23,468$17,708$13,246$9,263
25 years$37,899$28,889$21,736$16,172$11,919$8,183
26 years$36,052$27,151$20,159$14,787$10,736$7,235
27 years$34,345$25,552$18,720$13,535$9,680$6,401
28 years$32,763$24,078$17,402$12,401$8,734$5,667
29 years$31,293$22,714$16,194$11,372$7,887$5,020
30 years$29,923$21,451$15,084$10,436$7,126$4,449
31 years$28,644$20,279$14,063$9,585$6,443$3,945
32 years$27,447$19,188$13,121$8,809$5,828$3,499
33 years$26,326$18,171$12,251$8,100$5,274$3,105
34 years$25,272$17,222$11,447$7,453$4,775$2,756
35 years$24,281$16,335$10,702$6,861$4,325$2,447
36 years$23,347$15,504$10,011$6,319$3,919$2,173
37 years$22,466$14,725$9,370$5,822$3,552$1,930
38 years$21,633$13,994$8,775$5,366$3,220$1,714
39 years$20,844$13,307$8,221$4,948$2,920$1,523
40 years$20,097$12,661$7,706$4,564$2,648$1,353
41 years$19,388$12,052$7,225$4,211$2,403$1,203
42 years$18,715$11,478$6,778$3,886$2,180$1,069
43 years$18,075$10,936$6,360$3,587$1,979$951
44 years$17,466$10,424$5,970$3,312$1,796$845
45 years$16,885$9,941$5,606$3,059$1,631$751
46 years$16,331$9,483$5,265$2,825$1,480$668
47 years$15,803$9,050$4,946$2,610$1,344$594
48 years$15,298$8,639$4,648$2,412$1,221$528
49 years$14,815$8,250$4,369$2,229$1,109$470
50 years$14,352$7,881$4,107$2,060$1,007$418

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 $4,546 every year, while hoping to spend $31,516 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: 81/14/5 Blend
62$14,700,000$14,700,000$14,700,000$14,700,000
63$16,204,089$15,424,989$15,197,139$17,514,293
64$17,823,374$16,147,281$15,672,711$19,093,833
65$19,606,769$16,903,909$16,163,157$20,822,286
66$21,570,980$17,696,521$16,668,944$22,718,220
67$23,734,418$18,526,849$17,190,552$24,798,346
68$26,117,367$19,396,702$17,728,473$27,081,063
69$28,742,181$20,307,983$18,283,220$29,586,630
70$31,633,492$21,262,683$18,855,316$32,337,356
71$34,818,445$22,262,891$19,445,306$35,357,802
72$38,326,950$23,310,797$20,053,748$38,675,021
73$42,191,970$24,408,697$20,681,219$42,318,800
74$46,449,825$25,558,997$21,328,314$46,321,946
75$51,140,541$26,764,222$21,995,647$50,720,588
76$56,308,224$28,027,017$22,683,849$55,554,517
77$62,001,478$29,350,156$23,393,573$60,867,561
78$68,273,864$30,736,549$24,125,493$66,707,989
79$75,184,402$32,189,244$24,880,301$73,128,970
80$82,798,133$33,711,439$25,658,713$80,189,066
81$91,186,730$35,306,486$26,461,467$87,952,784
82$100,429,174$36,977,902$27,289,324$96,491,181
83$110,612,501$38,729,370$28,143,068$105,882,529
84$121,832,624$40,564,757$29,023,508$116,213,050
85$134,195,235$42,488,113$29,931,479$127,577,727
86$147,816,806$44,503,688$30,867,841$140,081,192
87$162,825,688$46,615,937$31,833,481$153,838,715
88$179,363,320$48,829,529$32,829,314$168,977,280
89$197,585,567$51,149,365$33,856,285$185,636,785
90$217,664,190$53,580,579$34,915,365$203,971,350
91$239,788,466$56,128,556$36,007,559$224,150,773
92$264,166,978$58,798,944$37,133,901$246,362,120
93$291,029,581$61,597,664$38,295,458$270,811,489
94$320,629,574$64,530,924$39,493,331$297,725,950
95$353,246,087$67,605,236$40,728,654$327,355,675
96$389,186,722$70,827,427$42,002,598$359,976,298
97$428,790,452$74,204,655$43,316,370$395,891,509
98$472,430,823$77,744,428$44,671,213$435,435,907
99$520,519,480$81,454,618$46,068,412$478,978,159
100$573,510,052$85,343,480$47,509,289$526,924,465