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%20%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,155,865
2 years$617,299$605,802$594,660$583,857$573,379$525,393
3 years$407,445$395,899$384,785$374,083$363,775$317,545
4 years$302,538$291,027$280,025$269,506$259,447$215,325
5 years$239,611$228,169$217,311$207,006$197,228$155,325
6 years$197,673$186,317$175,619$165,545$156,060$116,402
7 years$167,729$156,469$145,940$136,103$126,918$89,492
8 years$145,281$134,123$123,769$114,174$105,291$70,056
9 years$127,831$116,778$106,602$97,251$88,670$55,573
10 years$113,879$102,934$92,938$83,831$75,551$44,527
11 years$102,471$91,636$81,821$72,958$64,977$35,952
12 years$92,972$82,248$72,614$63,994$56,307$29,203
13 years$84,940$74,328$64,876$56,497$49,101$23,834
14 years$78,061$67,562$58,292$50,152$43,042$19,526
15 years$72,105$61,719$52,629$44,727$37,897$16,046
16 years$66,899$56,626$47,716$40,048$33,494$13,219
17 years$62,310$52,150$43,420$35,983$29,698$10,912
18 years$58,235$48,189$39,637$32,428$26,406$9,022
19 years$54,593$44,661$36,286$29,301$23,536$7,470
20 years$51,320$41,502$33,301$26,538$21,023$6,191
21 years$48,362$38,657$30,631$24,085$18,813$5,137
22 years$45,677$36,085$28,231$21,899$16,863$4,265
23 years$43,229$33,750$26,066$19,943$15,138$3,543
24 years$40,988$31,621$24,107$18,190$13,606$2,945
25 years$38,930$29,675$22,328$16,612$12,243$2,449
26 years$37,033$27,890$20,708$15,189$11,028$2,037
27 years$35,280$26,247$19,229$13,903$9,943$1,695
28 years$33,655$24,733$17,876$12,738$8,972$1,411
29 years$32,144$23,333$16,635$11,681$8,101$1,175
30 years$30,737$22,035$15,495$10,720$7,320$978
31 years$29,423$20,830$14,445$9,846$6,618$814
32 years$28,194$19,710$13,478$9,048$5,986$678
33 years$27,042$18,666$12,584$8,321$5,418$565
34 years$25,960$17,691$11,758$7,656$4,905$471
35 years$24,942$16,779$10,993$7,048$4,443$392
36 years$23,982$15,926$10,284$6,491$4,025$327
37 years$23,077$15,126$9,625$5,980$3,648$272
38 years$22,221$14,375$9,014$5,512$3,308$227
39 years$21,411$13,669$8,445$5,083$2,999$189
40 years$20,644$13,005$7,915$4,688$2,721$157
41 years$19,916$12,380$7,422$4,325$2,468$131
42 years$19,225$11,790$6,962$3,992$2,240$109
43 years$18,567$11,234$6,533$3,685$2,033$91
44 years$17,941$10,708$6,132$3,402$1,845$76
45 years$17,345$10,211$5,758$3,142$1,675$63
46 years$16,776$9,741$5,408$2,902$1,521$53
47 years$16,233$9,296$5,081$2,681$1,381$44
48 years$15,714$8,874$4,775$2,478$1,254$37
49 years$15,218$8,474$4,488$2,290$1,139$30
50 years$14,743$8,095$4,219$2,117$1,035$25

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 $6,971 every year, while hoping to spend $48,443 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: 73/19/8 Blend
62$15,100,000$15,100,000$15,100,000$15,100,000
63$16,647,391$15,847,091$15,613,041$17,840,908
64$18,293,881$16,572,055$16,084,534$19,353,997
65$20,106,691$17,330,919$16,570,200$21,003,874
66$22,102,732$18,125,293$17,070,460$22,809,443
67$24,300,642$18,956,863$17,585,752$24,786,067
68$26,720,956$19,827,399$18,116,524$26,950,658
69$29,386,305$20,738,753$18,663,238$29,321,828
70$32,321,624$21,692,867$19,226,372$31,920,062
71$35,554,389$22,691,777$19,806,415$34,767,912
72$39,114,879$23,737,616$20,403,872$37,890,203
73$43,036,458$24,832,621$21,019,264$41,314,262
74$47,355,892$25,979,135$21,653,124$45,070,178
75$52,113,694$27,179,613$22,306,005$49,191,079
76$57,354,508$28,436,632$22,978,474$53,713,438
77$63,127,530$29,752,889$23,671,114$58,677,417
78$69,486,970$31,131,212$24,384,529$64,127,241
79$76,492,566$32,574,567$25,119,336$70,111,609
80$84,210,148$34,086,061$25,876,174$76,684,149
81$92,712,257$35,668,951$26,655,699$83,903,923
82$102,078,829$37,326,653$27,458,588$91,835,973
83$112,397,955$39,062,744$28,285,535$100,551,935
84$123,766,705$40,880,977$29,137,259$110,130,705
85$136,292,048$42,785,284$30,014,497$120,659,181
86$150,091,862$44,779,788$30,918,008$132,233,076
87$165,296,045$46,868,811$31,848,574$144,957,813
88$182,047,742$49,056,882$32,807,001$158,949,516
89$200,504,693$51,348,751$33,794,117$174,336,098
90$220,840,729$53,749,397$34,810,777$191,258,460
91$243,247,403$56,264,037$35,857,858$209,871,813
92$267,935,807$58,898,144$36,936,265$230,347,137
93$295,138,559$61,657,453$38,046,930$252,872,786
94$325,112,001$64,547,977$39,190,811$277,656,252
95$358,138,617$67,576,019$40,368,895$304,926,123
96$394,529,701$70,748,190$41,582,198$334,934,223
97$434,628,296$74,071,417$42,831,767$367,957,984
98$478,812,430$77,552,963$44,118,679$404,303,051
99$527,498,684$81,200,445$45,444,041$444,306,159
100$581,146,129$85,021,846$46,808,996$488,338,296