Can I retire at age 63 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,173,956
2 years$625,475$613,826$602,537$591,591$580,973$535,076
3 years$412,841$401,142$389,881$379,038$368,593$324,330
4 years$306,545$294,882$283,734$273,075$262,884$220,592
5 years$242,784$231,191$220,189$209,748$199,840$159,629
6 years$200,291$188,785$177,945$167,737$158,127$120,024
7 years$169,950$158,541$147,873$137,906$128,599$92,594
8 years$147,205$135,899$125,408$115,686$106,686$72,744
9 years$129,524$118,325$108,014$98,539$89,845$57,919
10 years$115,387$104,297$94,169$84,941$76,552$46,583
11 years$103,829$92,850$82,905$73,924$65,837$37,760
12 years$94,203$83,337$73,576$64,842$57,053$30,795
13 years$86,065$75,312$65,735$57,245$49,752$25,237
14 years$79,095$68,457$59,064$50,816$43,612$20,763
15 years$73,060$62,537$53,326$45,319$38,399$17,135
16 years$67,785$57,376$48,348$40,578$33,937$14,178
17 years$63,135$52,841$43,995$36,459$30,091$11,755
18 years$59,006$48,828$40,162$32,857$26,756$9,764
19 years$55,316$45,253$36,766$29,689$23,848$8,121
20 years$52,000$42,051$33,742$26,889$21,302$6,762
21 years$49,003$39,169$31,036$24,404$19,062$5,636
22 years$46,282$36,563$28,605$22,189$17,087$4,701
23 years$43,802$34,197$26,411$20,208$15,338$3,924
24 years$41,531$32,040$24,426$18,431$13,786$3,278
25 years$39,446$30,068$22,623$16,832$12,405$2,739
26 years$37,524$28,259$20,982$15,390$11,174$2,289
27 years$35,747$26,595$19,484$14,087$10,075$1,914
28 years$34,100$25,060$18,113$12,907$9,091$1,601
29 years$32,570$23,642$16,855$11,836$8,209$1,339
30 years$31,144$22,327$15,700$10,862$7,417$1,121
31 years$29,813$21,106$14,637$9,976$6,706$938
32 years$28,568$19,971$13,656$9,168$6,066$785
33 years$27,400$18,913$12,751$8,431$5,489$657
34 years$26,304$17,925$11,914$7,757$4,970$550
35 years$25,272$17,002$11,139$7,141$4,502$460
36 years$24,300$16,137$10,420$6,577$4,079$386
37 years$23,383$15,326$9,753$6,060$3,697$323
38 years$22,516$14,566$9,133$5,585$3,351$270
39 years$21,695$13,850$8,557$5,150$3,039$226
40 years$20,918$13,178$8,020$4,750$2,757$190
41 years$20,180$12,544$7,520$4,382$2,501$159
42 years$19,479$11,946$7,054$4,044$2,269$133
43 years$18,813$11,382$6,620$3,734$2,059$111
44 years$18,179$10,850$6,214$3,447$1,869$93
45 years$17,574$10,346$5,834$3,184$1,697$78
46 years$16,998$9,870$5,480$2,941$1,541$65
47 years$16,448$9,419$5,148$2,717$1,399$55
48 years$15,922$8,992$4,838$2,511$1,271$46
49 years$15,419$8,587$4,547$2,320$1,154$38
50 years$14,938$8,202$4,275$2,145$1,048$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $15,300,000, adding $3,779 every year, while hoping to spend $53,102 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: 20/50/30 Blend
62$15,300,000$15,300,000$15,300,000$15,300,000
63$16,864,498$16,053,598$15,816,448$17,040,723
64$18,528,177$16,783,724$16,289,799$17,940,430
65$20,359,771$17,547,847$16,777,227$18,896,121
66$22,376,352$18,347,576$17,279,149$19,915,755
67$24,596,730$19,184,598$17,795,991$21,004,495
68$27,041,634$20,060,680$18,328,194$22,167,974
69$29,733,903$20,977,676$18,876,211$23,412,338
70$32,698,706$21,937,526$19,440,508$24,744,297
71$35,963,774$22,942,266$20,021,566$26,171,178
72$39,559,669$23,994,026$20,619,878$27,700,990
73$43,520,063$25,095,042$21,235,952$29,342,482
74$47,882,065$26,247,654$21,870,312$31,105,225
75$52,686,564$27,454,318$22,523,496$32,999,685
76$57,978,619$28,717,605$23,196,058$35,037,314
77$63,807,881$30,040,210$23,888,569$37,230,645
78$70,229,065$31,424,960$24,601,616$39,593,401
79$77,302,461$32,874,815$25,335,802$42,140,612
80$85,094,510$34,392,879$26,091,749$44,888,741
81$93,678,425$35,982,405$26,870,098$47,855,830
82$103,134,884$37,646,802$27,671,505$51,061,652
83$113,552,791$39,389,645$28,496,650$54,527,887
84$125,030,117$41,214,678$29,346,228$58,278,308
85$137,674,820$43,125,829$30,220,959$62,338,991
86$151,605,870$45,127,212$31,121,578$66,738,544
87$166,954,365$47,223,142$32,048,848$71,508,362
88$183,864,775$49,418,141$33,003,549$76,682,897
89$202,496,301$51,716,948$33,986,486$82,299,975
90$223,024,377$54,124,532$34,998,487$88,401,125
91$245,642,331$56,646,102$36,040,404$95,031,950
92$270,563,204$59,287,117$37,113,113$102,242,542
93$298,021,766$62,053,300$38,217,517$110,087,926
94$328,276,725$64,950,651$39,354,543$118,628,555
95$361,613,178$67,985,460$40,525,148$127,930,860
96$398,345,294$71,164,319$41,730,312$138,067,848
97$438,819,285$74,494,141$42,971,048$149,119,761
98$483,416,670$77,982,172$44,248,396$161,174,810
99$532,557,879$81,636,008$45,563,426$174,329,975
100$586,706,222$85,463,611$46,917,240$188,691,888