Can I retire at age 63 with 15,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,191,990
2 years$621,387$609,814$598,598$587,724$577,176$557,005
3 years$410,143$398,520$387,333$376,560$366,184$346,549
4 years$304,542$292,955$281,879$271,291$261,166$242,218
5 years$241,198$229,680$218,750$208,377$198,534$180,328
6 years$198,982$187,551$176,782$166,641$157,093$139,651
7 years$168,840$157,505$146,907$137,005$127,759$111,084
8 years$146,243$135,011$124,589$114,930$105,988$90,079
9 years$128,678$117,551$107,308$97,895$89,257$74,104
10 years$114,633$103,616$93,554$84,386$76,052$61,642
11 years$103,150$92,243$82,363$73,441$65,407$51,726
12 years$93,587$82,792$73,095$64,418$56,680$43,709
13 years$85,502$74,820$65,306$56,871$49,426$37,147
14 years$78,578$68,009$58,678$50,484$43,327$31,718
15 years$72,583$62,128$52,978$45,023$38,148$27,188
16 years$67,342$57,001$48,032$40,313$33,716$23,381
17 years$62,722$52,496$43,707$36,221$29,895$20,163
18 years$58,621$48,509$39,899$32,642$26,581$17,428
19 years$54,955$44,957$36,526$29,495$23,692$15,094
20 years$51,660$41,776$33,522$26,714$21,162$13,095
21 years$48,683$38,913$30,833$24,244$18,938$11,377
22 years$45,980$36,324$28,418$22,044$16,975$9,897
23 years$43,515$33,973$26,239$20,076$15,238$8,619
24 years$41,260$31,831$24,266$18,310$13,696$7,513
25 years$39,188$29,871$22,476$16,722$12,324$6,554
26 years$37,279$28,074$20,845$15,290$11,101$5,722
27 years$35,514$26,421$19,356$13,995$10,009$4,998
28 years$33,877$24,897$17,994$12,822$9,031$4,368
29 years$32,357$23,487$16,745$11,758$8,155$3,819
30 years$30,941$22,181$15,598$10,791$7,368$3,341
31 years$29,618$20,968$14,541$9,911$6,662$2,923
32 years$28,381$19,840$13,567$9,108$6,026$2,559
33 years$27,221$18,789$12,668$8,376$5,454$2,240
34 years$26,132$17,808$11,836$7,707$4,938$1,962
35 years$25,107$16,890$11,066$7,094$4,472$1,719
36 years$24,141$16,032$10,352$6,534$4,052$1,506
37 years$23,230$15,226$9,689$6,020$3,672$1,319
38 years$22,368$14,470$9,073$5,549$3,329$1,156
39 years$21,553$13,760$8,501$5,116$3,019$1,013
40 years$20,781$13,091$7,968$4,719$2,739$888
41 years$20,048$12,462$7,471$4,354$2,485$779
42 years$19,352$11,868$7,008$4,018$2,254$683
43 years$18,690$11,308$6,576$3,709$2,046$598
44 years$18,060$10,779$6,173$3,425$1,857$525
45 years$17,459$10,279$5,796$3,163$1,686$460
46 years$16,887$9,805$5,444$2,922$1,531$403
47 years$16,340$9,357$5,115$2,699$1,390$354
48 years$15,818$8,933$4,806$2,494$1,262$310
49 years$15,318$8,530$4,518$2,305$1,147$272
50 years$14,841$8,149$4,247$2,131$1,041$239

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $15,200,000, adding $5,540 every year, while hoping to spend $42,696 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: 70/25/5 Blend
62$15,200,000$15,200,000$15,200,000$15,200,000
63$16,756,115$15,950,515$15,714,915$17,920,270
64$18,419,810$16,686,662$16,195,936$19,425,920
65$20,251,771$17,457,449$16,691,641$21,066,971
66$22,269,117$18,264,528$17,202,475$22,861,331
67$24,490,709$19,109,633$17,728,900$24,824,029
68$26,937,333$19,994,576$18,271,390$26,971,598
69$29,631,892$20,921,262$18,830,433$29,322,232
70$32,599,626$21,891,685$19,406,534$31,895,947
71$35,868,345$22,907,934$20,000,209$34,714,774
72$39,468,695$23,972,202$20,611,995$37,802,954
73$43,434,447$25,086,785$21,242,442$41,187,169
74$47,802,814$26,254,091$21,892,118$44,896,787
75$52,614,803$27,476,643$22,561,605$48,964,132
76$57,915,602$28,757,088$23,251,508$53,424,787
77$63,755,007$30,098,198$23,962,447$58,317,925
78$70,187,889$31,502,881$24,695,060$63,686,669
79$77,274,716$32,974,185$25,450,007$69,578,497
80$85,082,121$34,515,304$26,227,966$76,045,683
81$93,683,530$36,129,587$27,029,637$83,145,783
82$103,159,859$37,820,545$27,855,738$90,942,173
83$113,600,273$39,591,860$28,707,014$99,504,638
84$125,103,029$41,447,390$29,584,227$108,910,027
85$137,776,406$43,391,180$30,488,166$119,242,967
86$151,739,722$45,427,470$31,419,643$130,596,655
87$167,124,466$47,560,708$32,379,493$143,073,729
88$184,075,533$49,795,554$33,368,577$156,787,231
89$202,752,597$52,136,896$34,387,784$171,861,659
90$223,331,613$54,589,856$35,438,027$188,434,138
91$246,006,485$57,159,806$36,520,247$206,655,701
92$270,990,887$59,852,377$37,635,417$226,692,704
93$298,520,289$62,673,474$38,784,534$248,728,388
94$328,854,171$65,629,288$39,968,629$272,964,596
95$362,278,482$68,726,308$41,188,763$299,623,662
96$399,108,329$71,971,339$42,446,029$328,950,505
97$439,690,960$75,371,516$43,741,552$361,214,918
98$484,409,038$78,934,320$45,076,494$396,714,111
99$533,684,251$82,667,594$46,452,048$435,775,494
100$587,981,300$86,579,560$47,869,446$478,759,756