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%11.1%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,166,769
2 years$600,947$589,755$578,908$568,391$558,190$552,709
3 years$396,652$385,411$374,592$364,174$354,139$348,776
4 years$294,524$283,318$272,607$262,367$252,575$247,372
5 years$233,263$222,125$211,554$201,523$192,003$186,976
6 years$192,436$181,382$170,967$161,159$151,926$147,080
7 years$163,286$152,324$142,074$132,498$123,556$118,895
8 years$141,433$130,570$120,490$111,149$102,502$98,026
9 years$124,445$113,684$103,778$94,674$86,321$82,029
10 years$110,862$100,207$90,476$81,610$73,550$69,439
11 years$99,757$89,209$79,654$71,025$63,256$59,324
12 years$90,509$80,069$70,691$62,299$54,816$51,060
13 years$82,690$72,359$63,158$55,001$47,801$44,217
14 years$75,993$65,772$56,747$48,823$41,902$38,486
15 years$70,195$60,084$51,235$43,542$36,894$33,642
16 years$65,127$55,126$46,452$38,987$32,607$29,515
17 years$60,659$50,769$42,270$35,029$28,911$25,975
18 years$56,692$46,913$38,587$31,569$25,707$22,920
19 years$53,147$43,478$35,324$28,525$22,913$20,272
20 years$49,961$40,402$32,419$25,835$20,466$17,966
21 years$47,081$37,633$29,819$23,447$18,315$15,950
22 years$44,467$35,129$27,483$21,318$16,417$14,182
23 years$42,084$32,856$25,376$19,415$14,737$12,627
24 years$39,903$30,784$23,468$17,708$13,246$11,255
25 years$37,899$28,889$21,736$16,172$11,919$10,044
26 years$36,052$27,151$20,159$14,787$10,736$8,971
27 years$34,345$25,552$18,720$13,535$9,680$8,019
28 years$32,763$24,078$17,402$12,401$8,734$7,173
29 years$31,293$22,714$16,194$11,372$7,887$6,421
30 years$29,923$21,451$15,084$10,436$7,126$5,751
31 years$28,644$20,279$14,063$9,585$6,443$5,154
32 years$27,447$19,188$13,121$8,809$5,828$4,620
33 years$26,326$18,171$12,251$8,100$5,274$4,144
34 years$25,272$17,222$11,447$7,453$4,775$3,718
35 years$24,281$16,335$10,702$6,861$4,325$3,337
36 years$23,347$15,504$10,011$6,319$3,919$2,996
37 years$22,466$14,725$9,370$5,822$3,552$2,690
38 years$21,633$13,994$8,775$5,366$3,220$2,417
39 years$20,844$13,307$8,221$4,948$2,920$2,171
40 years$20,097$12,661$7,706$4,564$2,648$1,951
41 years$19,388$12,052$7,225$4,211$2,403$1,753
42 years$18,715$11,478$6,778$3,886$2,180$1,576
43 years$18,075$10,936$6,360$3,587$1,979$1,417
44 years$17,466$10,424$5,970$3,312$1,796$1,274
45 years$16,885$9,941$5,606$3,059$1,631$1,146
46 years$16,331$9,483$5,265$2,825$1,480$1,030
47 years$15,803$9,050$4,946$2,610$1,344$926
48 years$15,298$8,639$4,648$2,412$1,221$833
49 years$14,815$8,250$4,369$2,229$1,109$750
50 years$14,352$7,881$4,107$2,060$1,007$674

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 $4,306 every year, while hoping to spend $29,368 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: 31/45/24 Blend
62$14,700,000$14,700,000$14,700,000$14,700,000
63$16,203,842$15,424,742$15,196,892$16,585,969
64$17,825,386$16,149,307$15,674,740$17,602,679
65$19,611,344$16,908,391$16,167,612$18,693,437
66$21,578,454$17,703,655$16,675,980$19,867,004
67$23,745,162$18,536,840$17,200,332$21,130,624
68$26,131,794$19,409,771$17,741,168$22,492,228
69$28,760,749$20,324,361$18,299,009$23,960,499
70$31,656,707$21,282,617$18,874,387$25,544,949
71$34,846,867$22,286,641$19,467,856$27,255,998
72$38,361,201$23,338,640$20,079,982$29,105,068
73$42,232,735$24,440,925$20,711,353$31,104,679
74$46,497,865$25,595,921$21,362,574$33,268,557
75$51,196,695$26,806,169$22,034,269$35,611,760
76$56,373,422$28,074,336$22,727,081$38,150,802
77$62,076,747$29,403,214$23,441,674$40,903,804
78$68,360,338$30,795,734$24,178,733$43,890,655
79$75,283,336$32,254,969$24,938,964$47,133,182
80$82,910,913$33,784,138$25,723,095$50,655,352
81$91,314,885$35,386,620$26,531,878$54,483,479
82$100,574,395$37,065,956$27,366,087$58,646,464
83$110,776,655$38,825,859$28,226,523$63,176,050
84$122,017,770$40,670,224$29,114,009$68,107,114
85$134,403,650$42,603,132$30,029,395$73,477,973
86$148,051,001$44,628,864$30,973,558$79,330,735
87$163,088,435$46,751,910$31,947,404$85,711,680
88$179,657,678$48,976,976$32,951,865$92,671,678
89$197,914,913$51,308,999$33,987,904$100,266,652
90$218,032,247$53,753,154$35,056,512$108,558,089
91$240,199,346$56,314,868$36,158,715$117,613,596
92$264,625,214$58,999,831$37,295,567$127,507,524
93$291,540,175$61,814,013$38,468,158$138,321,641
94$321,198,043$64,763,669$39,677,611$150,145,889
95$353,878,518$67,855,363$40,925,085$163,079,205
96$389,889,827$71,095,976$42,211,775$177,230,429
97$429,571,633$74,492,723$43,538,914$192,719,310
98$473,298,245$78,053,172$44,907,773$209,677,605
99$521,482,146$81,785,257$46,319,663$228,250,300
100$574,577,891$85,697,300$47,775,938$248,596,943