Can I retire at age 63 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,151,497
2 years$609,123$597,778$586,784$576,124$565,784$529,181
3 years$402,048$390,655$379,688$369,128$358,957$323,547
4 years$298,531$287,173$276,316$265,936$256,011$222,067
5 years$236,437$225,147$214,432$204,264$194,615$162,229
6 years$195,055$183,849$173,293$163,352$153,993$123,191
7 years$165,507$154,396$144,007$134,301$125,237$96,019
8 years$143,357$132,346$122,130$112,661$103,896$76,243
9 years$126,138$115,231$105,190$95,963$87,496$61,377
10 years$112,371$101,571$91,707$82,721$74,551$49,928
11 years$101,114$90,422$80,738$71,992$64,116$40,946
12 years$91,740$81,158$71,653$63,146$55,562$33,796
13 years$83,815$73,343$64,017$55,749$48,451$28,039
14 years$77,027$66,667$57,519$49,488$42,472$23,359
15 years$71,150$60,902$51,932$44,134$37,395$19,526
16 years$66,013$55,876$47,084$39,517$33,050$16,368
17 years$61,484$51,460$42,845$35,506$29,305$13,752
18 years$57,464$47,551$39,112$31,998$26,056$11,576
19 years$53,870$44,070$35,805$28,913$23,225$9,760
20 years$50,640$40,952$32,860$26,186$20,745$8,240
21 years$47,722$38,145$30,225$23,766$18,564$6,965
22 years$45,072$35,607$27,857$21,609$16,640$5,892
23 years$42,657$33,303$25,721$19,679$14,937$4,988
24 years$40,446$31,202$23,787$17,949$13,426$4,226
25 years$38,415$29,282$22,032$16,392$12,081$3,583
26 years$36,543$27,520$20,434$14,988$10,882$3,038
27 years$34,813$25,900$18,974$13,719$9,811$2,578
28 years$33,209$24,405$17,639$12,569$8,853$2,188
29 years$31,718$23,023$16,415$11,526$7,994$1,857
30 years$30,330$21,743$15,290$10,578$7,223$1,577
31 years$29,034$20,555$14,254$9,715$6,530$1,340
32 years$27,821$19,449$13,299$8,929$5,907$1,138
33 years$26,684$18,418$12,418$8,211$5,346$967
34 years$25,616$17,456$11,602$7,554$4,840$822
35 years$24,611$16,557$10,847$6,954$4,384$698
36 years$23,665$15,715$10,147$6,405$3,972$593
37 years$22,771$14,926$9,498$5,901$3,600$504
38 years$21,927$14,185$8,894$5,439$3,264$429
39 years$21,128$13,488$8,333$5,015$2,960$364
40 years$20,371$12,833$7,811$4,626$2,685$310
41 years$19,652$12,216$7,324$4,268$2,435$263
42 years$18,970$11,634$6,870$3,939$2,210$224
43 years$18,321$11,085$6,447$3,636$2,006$190
44 years$17,703$10,566$6,051$3,357$1,821$162
45 years$17,115$10,076$5,682$3,100$1,653$138
46 years$16,553$9,612$5,337$2,864$1,501$117
47 years$16,018$9,173$5,014$2,646$1,363$100
48 years$15,506$8,757$4,711$2,445$1,237$85
49 years$15,016$8,362$4,428$2,260$1,124$72
50 years$14,548$7,988$4,163$2,089$1,021$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,900,000, adding $4,177 every year, while hoping to spend $30,642 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: 46/48/6 Blend
62$14,900,000$14,900,000$14,900,000$14,900,000
63$16,424,109$15,634,409$15,403,459$17,152,803
64$18,066,765$16,367,892$15,886,872$18,387,472
65$19,875,945$17,136,289$16,385,452$19,722,476
66$21,868,602$17,941,278$16,899,675$21,169,886
67$24,063,418$18,784,618$17,430,033$22,740,087
68$26,480,977$19,668,156$17,977,030$24,444,476
69$29,143,965$20,593,824$18,541,189$26,295,558
70$32,077,379$21,563,650$19,123,047$28,307,059
71$35,308,764$22,579,761$19,723,162$30,494,048
72$38,868,474$23,644,385$20,342,104$32,873,069
73$42,789,958$24,759,860$20,980,464$35,462,291
74$47,110,076$25,928,635$21,638,852$38,281,672
75$51,869,445$27,153,280$22,317,895$41,353,134
76$57,112,826$28,436,488$23,018,242$44,700,762
77$62,889,541$29,781,083$23,740,560$48,351,024
78$69,253,945$31,190,027$24,485,539$52,333,006
79$76,265,932$32,666,423$25,253,889$56,678,678
80$83,991,506$34,213,527$26,046,344$61,423,183
81$92,503,403$35,834,753$26,863,659$66,605,157
82$101,881,773$37,533,678$27,706,615$72,267,081
83$112,214,941$39,314,056$28,576,014$78,455,668
84$123,600,242$41,179,822$29,472,687$85,222,292
85$136,144,934$43,135,100$30,397,489$92,623,454
86$149,967,214$45,184,217$31,351,302$100,721,305
87$165,197,335$47,331,709$32,335,036$109,584,211
88$181,978,833$49,582,332$33,349,630$119,287,389
89$200,469,881$51,941,074$34,396,050$129,913,590
90$220,844,787$54,413,164$35,475,295$141,553,869
91$243,295,633$57,004,087$36,588,395$154,308,423
92$268,034,092$59,719,592$37,736,411$168,287,515
93$295,293,427$62,565,710$38,920,438$183,612,493
94$325,330,689$65,548,762$40,141,606$200,416,916
95$358,429,148$68,675,380$41,401,079$218,847,790
96$394,900,965$71,952,517$42,700,058$239,066,931
97$435,090,135$75,387,463$44,039,782$261,252,467
98$479,375,743$78,987,863$45,421,529$285,600,490
99$528,175,535$82,761,734$46,846,617$312,326,883
100$581,949,866$86,717,485$48,316,404$341,669,328