Can I retire at age 63 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,139,660
2 years$605,035$593,767$582,846$572,257$561,987$521,583
3 years$399,350$388,033$377,140$366,651$356,548$317,523
4 years$296,528$285,245$274,461$264,151$254,293$216,945
5 years$234,850$223,636$212,993$202,894$193,309$157,737
6 years$193,746$182,615$172,130$162,256$152,959$119,190
7 years$164,396$153,360$143,041$133,399$124,397$92,425
8 years$142,395$131,458$121,310$111,905$103,199$73,000
9 years$125,291$114,458$104,484$95,319$86,909$58,444
10 years$111,617$100,889$91,092$82,165$74,050$47,274
11 years$100,435$89,816$80,196$71,509$63,686$38,545
12 years$91,125$80,614$71,172$62,723$55,189$31,624
13 years$83,252$72,851$63,587$55,375$48,126$26,077
14 years$76,510$66,220$57,133$49,155$42,187$21,589
15 years$70,673$60,493$51,584$43,838$37,144$17,932
16 years$65,570$55,501$46,768$39,252$32,828$14,934
17 years$61,072$51,114$42,557$35,268$29,108$12,465
18 years$57,078$47,232$38,849$31,783$25,881$10,422
19 years$53,509$43,774$35,565$28,719$23,069$8,728
20 years$50,301$40,677$32,639$26,011$20,605$7,318
21 years$47,402$37,889$30,022$23,606$18,439$6,142
22 years$44,770$35,368$27,670$21,463$16,528$5,160
23 years$42,370$33,079$25,548$19,547$14,837$4,338
24 years$40,174$30,993$23,628$17,828$13,336$3,649
25 years$38,157$29,085$21,884$16,282$12,000$3,071
26 years$36,298$27,336$20,296$14,887$10,809$2,586
27 years$34,579$25,726$18,847$13,627$9,745$2,178
28 years$32,986$24,241$17,521$12,485$8,793$1,835
29 years$31,506$22,869$16,305$11,449$7,940$1,546
30 years$30,126$21,597$15,187$10,507$7,175$1,303
31 years$28,839$20,417$14,158$9,650$6,486$1,099
32 years$27,634$19,318$13,210$8,869$5,867$927
33 years$26,505$18,295$12,334$8,155$5,310$781
34 years$25,444$17,339$11,524$7,504$4,808$659
35 years$24,446$16,446$10,775$6,908$4,354$556
36 years$23,506$15,610$10,079$6,362$3,945$469
37 years$22,618$14,826$9,434$5,861$3,576$396
38 years$21,780$14,090$8,835$5,403$3,242$334
39 years$20,986$13,398$8,277$4,982$2,940$282
40 years$20,234$12,747$7,758$4,595$2,666$238
41 years$19,520$12,134$7,275$4,239$2,419$200
42 years$18,843$11,556$6,824$3,912$2,195$169
43 years$18,198$11,010$6,403$3,612$1,992$143
44 years$17,585$10,495$6,011$3,335$1,808$120
45 years$17,000$10,008$5,644$3,080$1,642$102
46 years$16,442$9,547$5,301$2,845$1,491$86
47 years$15,910$9,111$4,980$2,628$1,353$72
48 years$15,402$8,698$4,680$2,429$1,229$61
49 years$14,915$8,306$4,399$2,244$1,116$52
50 years$14,450$7,934$4,135$2,075$1,014$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,800,000, adding $2,745 every year, while hoping to spend $50,710 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: 74/15/11 Blend
62$14,800,000$14,800,000$14,800,000$14,800,000
63$16,312,431$15,528,031$15,298,631$17,484,777
64$17,922,344$16,234,950$15,757,181$18,965,906
65$19,694,769$16,974,808$16,229,391$20,581,530
66$21,646,228$17,749,166$16,715,668$22,350,184
67$23,794,927$18,559,659$17,216,427$24,287,022
68$26,160,928$19,408,001$17,732,096$26,408,720
69$28,766,337$20,295,987$18,263,116$28,733,639
70$31,635,513$21,225,500$18,809,940$31,281,992
71$34,795,298$22,198,513$19,373,036$34,076,029
72$38,275,270$23,217,091$19,952,883$37,140,252
73$42,108,020$24,283,401$20,549,978$40,501,636
74$46,329,464$25,399,714$21,164,828$44,189,885
75$50,979,178$26,568,408$21,797,958$48,237,706
76$56,100,772$27,791,978$22,449,908$52,681,115
77$61,742,302$29,073,037$23,121,231$57,559,778
78$67,956,726$30,414,324$23,812,501$62,917,375
79$74,802,396$31,818,710$24,524,305$68,802,011
80$82,343,619$33,289,206$25,257,247$75,266,668
81$90,651,255$34,828,963$26,011,952$82,369,700
82$99,803,390$36,441,290$26,789,059$90,175,378
83$109,886,073$38,129,650$27,589,230$98,754,492
84$120,994,126$39,897,676$28,413,142$108,185,017
85$133,232,040$41,749,175$29,261,496$118,552,843
86$146,714,961$43,688,138$30,135,009$129,952,579
87$161,569,778$45,718,747$31,034,422$142,488,441
88$177,936,317$47,845,388$31,960,497$156,275,235
89$195,968,666$50,072,657$32,914,019$171,439,426
90$215,836,624$52,405,371$33,895,792$188,120,333
91$237,727,307$54,848,581$34,906,649$206,471,435
92$261,846,913$57,407,583$35,947,442$226,661,813
93$288,422,669$60,087,925$37,019,052$248,877,738
94$317,704,974$62,895,426$38,122,383$273,324,426
95$349,969,764$65,836,185$39,258,366$300,227,963
96$385,521,118$68,916,596$40,427,960$329,837,434
97$424,694,125$72,143,363$41,632,149$362,427,264
98$467,858,049$75,523,511$42,871,950$398,299,803
99$515,419,815$79,064,407$44,148,405$437,788,168
100$567,827,849$82,773,776$45,462,589$481,259,379