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%14.4%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,182,203
2 years$617,299$605,802$594,660$583,857$573,379$551,400
3 years$407,445$395,899$384,785$374,083$363,775$342,396
4 years$302,538$291,027$280,025$269,506$259,447$238,832
5 years$239,611$228,169$217,311$207,006$197,228$177,435
6 years$197,673$186,317$175,619$165,545$156,060$137,112
7 years$167,729$156,469$145,940$136,103$126,918$108,821
8 years$145,281$134,123$123,769$114,174$105,291$88,039
9 years$127,831$116,778$106,602$97,251$88,670$72,254
10 years$113,879$102,934$92,938$83,831$75,551$59,956
11 years$102,471$91,636$81,821$72,958$64,977$50,184
12 years$92,972$82,248$72,614$63,994$56,307$42,298
13 years$84,940$74,328$64,876$56,497$49,101$35,852
14 years$78,061$67,562$58,292$50,152$43,042$30,530
15 years$72,105$61,719$52,629$44,727$37,897$26,098
16 years$66,899$56,626$47,716$40,048$33,494$22,381
17 years$62,310$52,150$43,420$35,983$29,698$19,245
18 years$58,235$48,189$39,637$32,428$26,406$16,587
19 years$54,593$44,661$36,286$29,301$23,536$14,323
20 years$51,320$41,502$33,301$26,538$21,023$12,389
21 years$48,362$38,657$30,631$24,085$18,813$10,731
22 years$45,677$36,085$28,231$21,899$16,863$9,307
23 years$43,229$33,750$26,066$19,943$15,138$8,080
24 years$40,988$31,621$24,107$18,190$13,606$7,021
25 years$38,930$29,675$22,328$16,612$12,243$6,105
26 years$37,033$27,890$20,708$15,189$11,028$5,313
27 years$35,280$26,247$19,229$13,903$9,943$4,626
28 years$33,655$24,733$17,876$12,738$8,972$4,030
29 years$32,144$23,333$16,635$11,681$8,101$3,512
30 years$30,737$22,035$15,495$10,720$7,320$3,062
31 years$29,423$20,830$14,445$9,846$6,618$2,671
32 years$28,194$19,710$13,478$9,048$5,986$2,330
33 years$27,042$18,666$12,584$8,321$5,418$2,033
34 years$25,960$17,691$11,758$7,656$4,905$1,774
35 years$24,942$16,779$10,993$7,048$4,443$1,549
36 years$23,982$15,926$10,284$6,491$4,025$1,353
37 years$23,077$15,126$9,625$5,980$3,648$1,181
38 years$22,221$14,375$9,014$5,512$3,308$1,032
39 years$21,411$13,669$8,445$5,083$2,999$901
40 years$20,644$13,005$7,915$4,688$2,721$787
41 years$19,916$12,380$7,422$4,325$2,468$688
42 years$19,225$11,790$6,962$3,992$2,240$601
43 years$18,567$11,234$6,533$3,685$2,033$525
44 years$17,941$10,708$6,132$3,402$1,845$459
45 years$17,345$10,211$5,758$3,142$1,675$401
46 years$16,776$9,741$5,408$2,902$1,521$350
47 years$16,233$9,296$5,081$2,681$1,381$306
48 years$15,714$8,874$4,775$2,478$1,254$267
49 years$15,218$8,474$4,488$2,290$1,139$234
50 years$14,743$8,095$4,219$2,117$1,035$204

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 $4,264 every year, while hoping to spend $39,841 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: 51/33/16 Blend
62$15,100,000$15,100,000$15,100,000$15,100,000
63$16,644,598$15,844,298$15,610,248$17,420,405
64$18,299,957$16,578,278$16,090,801$18,687,737
65$20,122,827$17,346,888$16,586,117$20,060,300
66$22,130,252$18,151,783$17,096,649$21,551,666
67$24,341,013$18,994,696$17,622,863$23,173,069
68$26,775,807$19,877,447$18,165,239$24,936,849
69$29,457,439$20,801,940$18,724,274$26,856,564
70$32,411,037$21,770,175$19,300,476$28,947,115
71$35,664,294$22,784,245$19,894,374$31,224,876
72$39,247,724$23,846,345$20,506,507$33,707,847
73$43,194,953$24,958,777$21,137,436$36,415,815
74$47,543,034$26,123,952$21,787,736$39,370,536
75$52,332,798$27,344,401$22,458,000$42,595,931
76$57,609,240$28,622,773$23,148,839$46,118,306
77$63,421,941$29,961,848$23,860,884$49,966,594
78$69,825,540$31,364,540$24,594,785$54,172,619
79$76,880,245$32,833,901$25,351,210$58,771,388
80$84,652,403$34,373,136$26,130,848$63,801,410
81$93,215,128$35,985,599$26,934,412$69,305,058
82$102,648,989$37,674,811$27,762,632$75,328,952
83$113,042,770$39,444,461$28,616,264$81,924,392
84$124,494,309$41,298,417$29,496,086$89,147,835
85$137,111,423$43,240,733$30,402,899$97,061,410
86$151,012,921$45,275,662$31,337,529$105,733,500
87$166,329,729$47,407,660$32,300,827$115,239,372
88$183,206,128$49,641,402$33,293,671$125,661,877
89$201,801,108$51,981,786$34,316,964$137,092,217
90$222,289,877$54,433,949$35,371,638$149,630,794
91$244,865,509$57,003,277$36,458,653$163,388,144
92$269,740,771$59,695,418$37,578,998$178,485,964
93$297,150,128$62,516,291$38,733,692$195,058,247
94$327,351,956$65,472,105$39,923,787$213,252,528
95$360,630,986$68,569,368$41,150,363$233,231,263
96$397,300,984$71,814,905$42,414,538$255,173,344
97$437,707,719$75,215,870$43,717,460$279,275,765
98$482,232,225$78,779,767$45,060,314$305,755,470
99$531,294,398$82,514,461$46,444,320$334,851,373
100$585,356,959$86,428,202$47,870,737$366,826,597