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%15.5%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,153,517
2 years$605,035$593,767$582,846$572,257$561,987$535,275
3 years$399,350$388,033$377,140$366,651$356,548$330,613
4 years$296,528$285,245$274,461$264,151$254,293$229,335
5 years$234,850$223,636$212,993$202,894$193,309$169,400
6 years$193,746$182,615$172,130$162,256$152,959$130,122
7 years$164,396$153,360$143,041$133,399$124,397$102,635
8 years$142,395$131,458$121,310$111,905$103,199$82,506
9 years$125,291$114,458$104,484$95,319$86,909$67,268
10 years$111,617$100,889$91,092$82,165$74,050$55,441
11 years$100,435$89,816$80,196$71,509$63,686$46,084
12 years$91,125$80,614$71,172$62,723$55,189$38,565
13 years$83,252$72,851$63,587$55,375$48,126$32,451
14 years$76,510$66,220$57,133$49,155$42,187$27,428
15 years$70,673$60,493$51,584$43,838$37,144$23,268
16 years$65,570$55,501$46,768$39,252$32,828$19,800
17 years$61,072$51,114$42,557$35,268$29,108$16,891
18 years$57,078$47,232$38,849$31,783$25,881$14,442
19 years$53,509$43,774$35,565$28,719$23,069$12,369
20 years$50,301$40,677$32,639$26,011$20,605$10,611
21 years$47,402$37,889$30,022$23,606$18,439$9,114
22 years$44,770$35,368$27,670$21,463$16,528$7,838
23 years$42,370$33,079$25,548$19,547$14,837$6,746
24 years$40,174$30,993$23,628$17,828$13,336$5,811
25 years$38,157$29,085$21,884$16,282$12,000$5,010
26 years$36,298$27,336$20,296$14,887$10,809$4,321
27 years$34,579$25,726$18,847$13,627$9,745$3,729
28 years$32,986$24,241$17,521$12,485$8,793$3,220
29 years$31,506$22,869$16,305$11,449$7,940$2,781
30 years$30,126$21,597$15,187$10,507$7,175$2,403
31 years$28,839$20,417$14,158$9,650$6,486$2,076
32 years$27,634$19,318$13,210$8,869$5,867$1,795
33 years$26,505$18,295$12,334$8,155$5,310$1,552
34 years$25,444$17,339$11,524$7,504$4,808$1,342
35 years$24,446$16,446$10,775$6,908$4,354$1,161
36 years$23,506$15,610$10,079$6,362$3,945$1,004
37 years$22,618$14,826$9,434$5,861$3,576$869
38 years$21,780$14,090$8,835$5,403$3,242$752
39 years$20,986$13,398$8,277$4,982$2,940$650
40 years$20,234$12,747$7,758$4,595$2,666$563
41 years$19,520$12,134$7,275$4,239$2,419$487
42 years$18,843$11,556$6,824$3,912$2,195$422
43 years$18,198$11,010$6,403$3,612$1,992$365
44 years$17,585$10,495$6,011$3,335$1,808$316
45 years$17,000$10,008$5,644$3,080$1,642$273
46 years$16,442$9,547$5,301$2,845$1,491$237
47 years$15,910$9,111$4,980$2,628$1,353$205
48 years$15,402$8,698$4,680$2,429$1,229$177
49 years$14,915$8,306$4,399$2,244$1,116$154
50 years$14,450$7,934$4,135$2,075$1,014$133

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 $5,944 every year, while hoping to spend $23,432 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: 46/40/14 Blend
62$14,800,000$14,800,000$14,800,000$14,800,000
63$16,315,731$15,531,331$15,301,931$17,001,317
64$17,955,004$16,267,435$15,789,614$18,213,941
65$19,760,698$17,038,823$16,292,850$19,525,827
66$21,749,762$17,847,198$16,812,133$20,948,510
67$23,940,876$18,694,348$17,347,977$22,492,284
68$26,354,620$19,582,147$17,900,910$24,168,446
69$29,013,678$20,512,559$18,471,477$25,989,395
70$31,943,043$21,487,643$19,060,241$27,968,747
71$35,170,257$22,509,561$19,667,783$30,121,456
72$38,725,671$23,580,578$20,294,701$32,463,943
73$42,642,730$24,703,067$20,941,615$35,014,249
74$46,958,292$25,879,520$21,609,162$37,792,195
75$51,712,970$27,112,549$22,298,001$40,819,559
76$56,951,520$28,404,891$23,008,812$44,120,278
77$62,723,263$29,759,419$23,742,295$47,720,659
78$69,082,549$31,179,144$24,499,174$51,649,621
79$76,089,269$32,667,222$25,280,197$55,938,957
80$83,809,425$34,226,966$26,086,134$60,623,627
81$92,315,746$35,861,847$26,917,779$65,742,070
82$101,688,381$37,575,507$27,775,954$71,336,562
83$112,015,653$39,371,763$28,661,505$77,453,600
84$123,394,891$41,254,621$29,575,307$84,144,329
85$135,933,351$43,228,278$30,518,261$91,465,012
86$149,749,227$45,297,139$31,491,297$99,477,546
87$164,972,769$47,465,819$32,495,376$108,250,033
88$181,747,509$49,739,162$33,531,489$117,857,408
89$200,231,620$52,122,246$34,600,659$128,382,132
90$220,599,405$54,620,396$35,703,941$139,914,948
91$243,042,945$57,239,196$36,842,424$152,555,728
92$267,773,912$59,984,503$38,017,231$166,414,393
93$295,025,566$62,862,459$39,229,523$181,611,931
94$325,054,958$65,879,503$40,480,497$198,281,524
95$358,145,357$69,042,392$41,771,386$216,569,777
96$394,608,922$72,358,208$43,103,467$236,638,089
97$434,789,653$75,834,381$44,478,053$258,664,147
98$479,066,632$79,478,700$45,896,503$282,843,581
99$527,857,609$83,299,337$47,360,216$309,391,787
100$581,622,940$87,304,860$48,870,638$338,545,935