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%11.1%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,182,643
2 years$609,123$597,778$586,784$576,124$565,784$560,229
3 years$402,048$390,655$379,688$369,128$358,957$353,522
4 years$298,531$287,173$276,316$265,936$256,011$250,738
5 years$236,437$225,147$214,432$204,264$194,615$189,520
6 years$195,055$183,849$173,293$163,352$153,993$149,081
7 years$165,507$154,396$144,007$134,301$125,237$120,513
8 years$143,357$132,346$122,130$112,661$103,896$99,359
9 years$126,138$115,231$105,190$95,963$87,496$83,145
10 years$112,371$101,571$91,707$82,721$74,551$70,384
11 years$101,114$90,422$80,738$71,992$64,116$60,131
12 years$91,740$81,158$71,653$63,146$55,562$51,755
13 years$83,815$73,343$64,017$55,749$48,451$44,818
14 years$77,027$66,667$57,519$49,488$42,472$39,010
15 years$71,150$60,902$51,932$44,134$37,395$34,100
16 years$66,013$55,876$47,084$39,517$33,050$29,917
17 years$61,484$51,460$42,845$35,506$29,305$26,328
18 years$57,464$47,551$39,112$31,998$26,056$23,232
19 years$53,870$44,070$35,805$28,913$23,225$20,548
20 years$50,640$40,952$32,860$26,186$20,745$18,210
21 years$47,722$38,145$30,225$23,766$18,564$16,167
22 years$45,072$35,607$27,857$21,609$16,640$14,375
23 years$42,657$33,303$25,721$19,679$14,937$12,798
24 years$40,446$31,202$23,787$17,949$13,426$11,409
25 years$38,415$29,282$22,032$16,392$12,081$10,180
26 years$36,543$27,520$20,434$14,988$10,882$9,093
27 years$34,813$25,900$18,974$13,719$9,811$8,128
28 years$33,209$24,405$17,639$12,569$8,853$7,271
29 years$31,718$23,023$16,415$11,526$7,994$6,509
30 years$30,330$21,743$15,290$10,578$7,223$5,829
31 years$29,034$20,555$14,254$9,715$6,530$5,224
32 years$27,821$19,449$13,299$8,929$5,907$4,683
33 years$26,684$18,418$12,418$8,211$5,346$4,200
34 years$25,616$17,456$11,602$7,554$4,840$3,769
35 years$24,611$16,557$10,847$6,954$4,384$3,382
36 years$23,665$15,715$10,147$6,405$3,972$3,037
37 years$22,771$14,926$9,498$5,901$3,600$2,727
38 years$21,927$14,185$8,894$5,439$3,264$2,449
39 years$21,128$13,488$8,333$5,015$2,960$2,201
40 years$20,371$12,833$7,811$4,626$2,685$1,977
41 years$19,652$12,216$7,324$4,268$2,435$1,777
42 years$18,970$11,634$6,870$3,939$2,210$1,597
43 years$18,321$11,085$6,447$3,636$2,006$1,436
44 years$17,703$10,566$6,051$3,357$1,821$1,291
45 years$17,115$10,076$5,682$3,100$1,653$1,161
46 years$16,553$9,612$5,337$2,864$1,501$1,044
47 years$16,018$9,173$5,014$2,646$1,363$939
48 years$15,506$8,757$4,711$2,445$1,237$845
49 years$15,016$8,362$4,428$2,260$1,124$760
50 years$14,548$7,988$4,163$2,089$1,021$683

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 $5,335 every year, while hoping to spend $32,256 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: 49/22/29 Blend
62$14,900,000$14,900,000$14,900,000$14,900,000
63$16,425,303$15,635,603$15,404,653$17,094,337
64$18,066,364$16,367,427$15,886,389$18,296,558
65$19,873,732$17,134,030$16,383,182$19,598,389
66$21,864,336$17,937,081$16,895,502$21,012,233
67$24,056,832$18,778,332$17,423,835$22,548,710
68$26,471,775$19,659,617$17,968,680$24,219,497
69$29,131,819$20,582,861$18,530,554$26,037,422
70$32,061,926$21,550,082$19,109,988$28,016,590
71$35,289,600$22,563,394$19,707,531$30,172,506
72$38,845,155$23,625,016$20,323,748$32,522,220
73$42,761,990$24,737,271$20,959,223$35,084,478
74$47,076,914$25,902,598$21,614,558$37,879,899
75$51,830,485$27,123,552$22,290,372$40,931,160
76$57,067,400$28,402,811$22,987,305$44,263,205
77$62,836,913$29,743,186$23,706,017$47,903,477
78$69,193,297$31,147,621$24,447,188$51,882,167
79$76,196,363$32,619,205$25,211,519$56,232,494
80$83,912,021$34,161,175$25,999,734$60,991,012
81$92,412,901$35,776,926$26,812,578$66,197,947
82$101,779,038$37,470,017$27,650,821$71,897,568
83$112,098,632$39,244,180$28,515,256$78,138,601
84$123,468,876$41,103,328$29,406,700$84,974,676
85$135,996,875$43,051,564$30,325,998$92,464,828
86$149,800,656$45,093,191$31,274,018$100,674,042
87$165,010,283$47,232,718$32,251,659$109,673,861
88$181,769,087$49,474,876$33,259,844$119,543,049
89$200,235,012$51,824,623$34,299,527$130,368,323
90$220,582,115$54,287,161$35,371,693$142,245,166
91$243,002,201$56,867,942$36,477,355$155,278,710
92$267,706,638$59,572,684$37,617,558$169,584,725
93$294,928,351$62,407,381$38,793,383$185,290,691
94$324,924,021$65,378,322$40,005,940$202,536,995
95$357,976,509$68,492,097$41,256,376$221,478,242
96$394,397,523$71,755,620$42,545,875$242,284,698
97$434,530,563$75,176,138$43,875,655$265,143,885
98$478,754,166$78,761,254$45,246,974$290,262,336
99$527,485,472$82,518,937$46,661,129$317,867,527
100$581,184,171$86,457,546$48,119,458$348,210,012