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%13.2%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,164,460
2 years$605,035$593,767$582,846$572,257$561,987$546,182
3 years$399,350$388,033$377,140$366,651$356,548$341,141
4 years$296,528$285,245$274,461$264,151$254,293$239,404
5 years$234,850$223,636$212,993$202,894$193,309$178,981
6 years$193,746$182,615$172,130$162,256$152,959$139,209
7 years$164,396$153,360$143,041$133,399$124,397$111,229
8 years$142,395$131,458$121,310$111,905$103,199$90,613
9 years$125,291$114,458$104,484$95,319$86,909$74,898
10 years$111,617$100,889$91,092$82,165$74,050$62,607
11 years$100,435$89,816$80,196$71,509$63,686$52,799
12 years$91,125$80,614$71,172$62,723$55,189$44,846
13 years$83,252$72,851$63,587$55,375$48,126$38,313
14 years$76,510$66,220$57,133$49,155$42,187$32,890
15 years$70,673$60,493$51,584$43,838$37,144$28,347
16 years$65,570$55,501$46,768$39,252$32,828$24,514
17 years$61,072$51,114$42,557$35,268$29,108$21,260
18 years$57,078$47,232$38,849$31,783$25,881$18,483
19 years$53,509$43,774$35,565$28,719$23,069$16,102
20 years$50,301$40,677$32,639$26,011$20,605$14,053
21 years$47,402$37,889$30,022$23,606$18,439$12,283
22 years$44,770$35,368$27,670$21,463$16,528$10,751
23 years$42,370$33,079$25,548$19,547$14,837$9,420
24 years$40,174$30,993$23,628$17,828$13,336$8,263
25 years$38,157$29,085$21,884$16,282$12,000$7,254
26 years$36,298$27,336$20,296$14,887$10,809$6,373
27 years$34,579$25,726$18,847$13,627$9,745$5,603
28 years$32,986$24,241$17,521$12,485$8,793$4,928
29 years$31,506$22,869$16,305$11,449$7,940$4,337
30 years$30,126$21,597$15,187$10,507$7,175$3,819
31 years$28,839$20,417$14,158$9,650$6,486$3,364
32 years$27,634$19,318$13,210$8,869$5,867$2,964
33 years$26,505$18,295$12,334$8,155$5,310$2,613
34 years$25,444$17,339$11,524$7,504$4,808$2,303
35 years$24,446$16,446$10,775$6,908$4,354$2,031
36 years$23,506$15,610$10,079$6,362$3,945$1,792
37 years$22,618$14,826$9,434$5,861$3,576$1,581
38 years$21,780$14,090$8,835$5,403$3,242$1,395
39 years$20,986$13,398$8,277$4,982$2,940$1,231
40 years$20,234$12,747$7,758$4,595$2,666$1,086
41 years$19,520$12,134$7,275$4,239$2,419$959
42 years$18,843$11,556$6,824$3,912$2,195$846
43 years$18,198$11,010$6,403$3,612$1,992$747
44 years$17,585$10,495$6,011$3,335$1,808$660
45 years$17,000$10,008$5,644$3,080$1,642$582
46 years$16,442$9,547$5,301$2,845$1,491$514
47 years$15,910$9,111$4,980$2,628$1,353$454
48 years$15,402$8,698$4,680$2,429$1,229$401
49 years$14,915$8,306$4,399$2,244$1,116$354
50 years$14,450$7,934$4,135$2,075$1,014$313

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 $23,315 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: 56/17/27 Blend
62$14,800,000$14,800,000$14,800,000$14,800,000
63$16,312,431$15,528,031$15,298,631$17,104,637
64$17,951,492$16,264,098$15,786,329$18,385,546
65$19,756,956$17,035,450$16,289,582$19,777,777
66$21,745,771$17,843,793$16,808,889$21,294,237
67$23,936,614$18,690,913$17,344,761$22,946,911
68$26,350,065$19,578,684$17,897,727$24,748,982
69$29,008,804$20,509,072$18,468,332$26,714,950
70$31,937,821$21,484,136$19,057,141$28,860,760
71$35,164,657$22,506,037$19,664,733$31,203,956
72$38,719,660$23,577,040$20,291,709$33,763,838
73$42,636,271$24,699,520$20,938,687$36,561,640
74$46,951,343$25,875,970$21,606,306$39,620,726
75$51,705,487$27,108,999$22,295,225$42,966,809
76$56,943,455$28,401,348$23,006,123$46,628,182
77$62,714,562$29,755,889$23,739,702$50,635,989
78$69,073,152$31,175,632$24,496,687$55,024,505
79$76,079,113$32,663,737$25,277,825$59,831,459
80$83,798,436$34,223,514$26,083,886$65,098,384
81$92,303,848$35,858,437$26,915,667$70,870,999
82$101,675,487$37,572,148$27,773,989$77,199,640
83$112,001,668$39,368,464$28,659,699$84,139,725
84$123,379,711$41,251,392$29,573,672$91,752,269
85$135,916,861$43,225,129$30,516,809$100,104,458
86$149,731,302$45,294,082$31,490,043$109,270,270
87$164,953,269$47,462,866$32,494,334$119,331,167
88$181,726,283$49,736,327$33,530,675$130,376,860
89$200,208,499$52,119,542$34,600,088$142,506,141
90$220,574,204$54,617,838$35,703,629$155,827,810
91$243,015,461$57,236,801$36,842,389$170,461,694
92$267,743,921$59,982,287$38,017,492$186,539,765
93$294,992,822$62,860,440$39,230,099$204,207,378
94$325,019,190$65,877,702$40,481,407$223,624,633
95$358,106,266$69,040,828$41,772,653$244,967,873
96$394,566,180$72,356,903$43,105,112$268,431,339
97$434,742,897$75,833,358$44,480,100$294,228,991
98$479,015,465$79,477,985$45,898,975$322,596,517
99$527,801,591$83,298,955$47,363,140$353,793,540
100$581,561,589$87,304,839$48,874,040$388,106,061