Can I retire at age 63 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,161,835
2 years$617,299$605,802$594,660$583,857$573,379$531,246
3 years$407,445$395,899$384,785$374,083$363,775$323,094
4 years$302,538$291,027$280,025$269,506$259,447$220,528
5 years$239,611$228,169$217,311$207,006$197,228$160,173
6 years$197,673$186,317$175,619$165,545$156,060$120,898
7 years$167,729$156,469$145,940$136,103$126,918$93,643
8 years$145,281$134,123$123,769$114,174$105,291$73,874
9 years$127,831$116,778$106,602$97,251$88,670$59,072
10 years$113,879$102,934$92,938$83,831$75,551$47,721
11 years$102,471$91,636$81,821$72,958$64,977$38,859
12 years$92,972$82,248$72,614$63,994$56,307$31,840
13 years$84,940$74,328$64,876$56,497$49,101$26,218
14 years$78,061$67,562$58,292$50,152$43,042$21,676
15 years$72,105$61,719$52,629$44,727$37,897$17,978
16 years$66,899$56,626$47,716$40,048$33,494$14,951
17 years$62,310$52,150$43,420$35,983$29,698$12,461
18 years$58,235$48,189$39,637$32,428$26,406$10,404
19 years$54,593$44,661$36,286$29,301$23,536$8,699
20 years$51,320$41,502$33,301$26,538$21,023$7,283
21 years$48,362$38,657$30,631$24,085$18,813$6,103
22 years$45,677$36,085$28,231$21,899$16,863$5,119
23 years$43,229$33,750$26,066$19,943$15,138$4,297
24 years$40,988$31,621$24,107$18,190$13,606$3,608
25 years$38,930$29,675$22,328$16,612$12,243$3,032
26 years$37,033$27,890$20,708$15,189$11,028$2,549
27 years$35,280$26,247$19,229$13,903$9,943$2,143
28 years$33,655$24,733$17,876$12,738$8,972$1,803
29 years$32,144$23,333$16,635$11,681$8,101$1,517
30 years$30,737$22,035$15,495$10,720$7,320$1,276
31 years$29,423$20,830$14,445$9,846$6,618$1,074
32 years$28,194$19,710$13,478$9,048$5,986$904
33 years$27,042$18,666$12,584$8,321$5,418$761
34 years$25,960$17,691$11,758$7,656$4,905$641
35 years$24,942$16,779$10,993$7,048$4,443$540
36 years$23,982$15,926$10,284$6,491$4,025$455
37 years$23,077$15,126$9,625$5,980$3,648$383
38 years$22,221$14,375$9,014$5,512$3,308$322
39 years$21,411$13,669$8,445$5,083$2,999$272
40 years$20,644$13,005$7,915$4,688$2,721$229
41 years$19,916$12,380$7,422$4,325$2,468$193
42 years$19,225$11,790$6,962$3,992$2,240$162
43 years$18,567$11,234$6,533$3,685$2,033$137
44 years$17,941$10,708$6,132$3,402$1,845$115
45 years$17,345$10,211$5,758$3,142$1,675$97
46 years$16,776$9,741$5,408$2,902$1,521$82
47 years$16,233$9,296$5,081$2,681$1,381$69
48 years$15,714$8,874$4,775$2,478$1,254$58
49 years$15,218$8,474$4,488$2,290$1,139$49
50 years$14,743$8,095$4,219$2,117$1,035$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $15,100,000, adding $5,616 every year, while hoping to spend $30,939 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: 63/16/21 Blend
62$15,100,000$15,100,000$15,100,000$15,100,000
63$16,645,993$15,845,693$15,611,643$17,604,003
64$18,310,965$16,589,213$16,101,714$18,994,145
65$20,144,728$17,368,129$16,607,166$20,507,769
66$22,164,465$18,184,142$17,128,480$22,160,179
67$24,389,112$19,039,036$17,666,156$23,964,929
68$26,839,534$19,934,682$18,220,705$25,936,932
69$29,538,726$20,873,040$18,792,658$28,092,594
70$32,512,024$21,856,168$19,382,561$30,449,969
71$35,787,350$22,886,220$19,990,976$33,028,927
72$39,395,471$23,965,455$20,618,485$35,851,333
73$43,370,291$25,096,245$21,265,686$38,941,254
74$47,749,172$26,281,072$21,933,198$42,325,179
75$52,573,285$27,522,542$22,621,657$46,032,268
76$57,887,999$28,823,385$23,331,721$50,094,619
77$63,743,309$30,186,465$24,064,068$54,547,570
78$70,194,309$31,614,785$24,819,397$59,430,026
79$77,301,711$33,111,491$25,598,429$64,784,821
80$85,132,415$34,679,884$26,401,906$70,659,119
81$93,760,149$36,323,426$27,230,598$77,104,851
82$103,266,155$38,045,744$28,085,293$84,179,203
83$113,739,961$39,850,644$28,966,809$91,945,145
84$125,280,226$41,742,115$29,875,986$100,472,025
85$137,995,670$43,724,339$30,813,692$109,836,213
86$152,006,100$45,801,704$31,780,823$120,121,818
87$167,443,543$47,978,808$32,778,301$131,421,472
88$184,453,489$50,260,473$33,807,078$143,837,200
89$203,196,266$52,651,758$34,868,137$157,481,373
90$223,848,555$55,157,964$35,962,489$172,477,764
91$246,605,055$57,784,652$37,091,180$188,962,704
92$271,680,322$60,537,652$38,255,286$207,086,364
93$299,310,796$63,423,077$39,455,919$227,014,161
94$329,757,029$66,447,340$40,694,224$248,928,312
95$363,306,148$69,617,162$41,971,383$273,029,543
96$400,274,565$72,939,593$43,288,615$299,538,973
97$441,010,964$76,422,026$44,647,176$328,700,194
98$485,899,589$80,072,212$46,048,364$360,781,553
99$535,363,878$83,898,281$47,493,515$396,078,682
100$589,870,454$87,908,758$48,984,008$434,917,268