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

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,190,066
2 years$625,475$613,826$602,537$591,591$580,973$550,957
3 years$412,841$401,142$389,881$379,038$368,593$339,476
4 years$306,545$294,882$283,734$273,075$262,884$234,889
5 years$242,784$231,191$220,189$209,748$199,840$173,047
6 years$200,291$188,785$177,945$167,737$158,127$132,561
7 years$169,950$158,541$147,873$137,906$128,599$104,265
8 years$147,205$135,899$125,408$115,686$106,686$83,572
9 years$129,524$118,325$108,014$98,539$89,845$67,932
10 years$115,387$104,297$94,169$84,941$76,552$55,815
11 years$103,829$92,850$82,905$73,924$65,837$46,247
12 years$94,203$83,337$73,576$64,842$57,053$38,576
13 years$86,065$75,312$65,735$57,245$49,752$32,351
14 years$79,095$68,457$59,064$50,816$43,612$27,250
15 years$73,060$62,537$53,326$45,319$38,399$23,037
16 years$67,785$57,376$48,348$40,578$33,937$19,533
17 years$63,135$52,841$43,995$36,459$30,091$16,604
18 years$59,006$48,828$40,162$32,857$26,756$14,144
19 years$55,316$45,253$36,766$29,689$23,848$12,069
20 years$52,000$42,051$33,742$26,889$21,302$10,314
21 years$49,003$39,169$31,036$24,404$19,062$8,826
22 years$46,282$36,563$28,605$22,189$17,087$7,560
23 years$43,802$34,197$26,411$20,208$15,338$6,482
24 years$41,531$32,040$24,426$18,431$13,786$5,562
25 years$39,446$30,068$22,623$16,832$12,405$4,775
26 years$37,524$28,259$20,982$15,390$11,174$4,102
27 years$35,747$26,595$19,484$14,087$10,075$3,526
28 years$34,100$25,060$18,113$12,907$9,091$3,032
29 years$32,570$23,642$16,855$11,836$8,209$2,608
30 years$31,144$22,327$15,700$10,862$7,417$2,244
31 years$29,813$21,106$14,637$9,976$6,706$1,931
32 years$28,568$19,971$13,656$9,168$6,066$1,663
33 years$27,400$18,913$12,751$8,431$5,489$1,432
34 years$26,304$17,925$11,914$7,757$4,970$1,233
35 years$25,272$17,002$11,139$7,141$4,502$1,062
36 years$24,300$16,137$10,420$6,577$4,079$915
37 years$23,383$15,326$9,753$6,060$3,697$788
38 years$22,516$14,566$9,133$5,585$3,351$679
39 years$21,695$13,850$8,557$5,150$3,039$585
40 years$20,918$13,178$8,020$4,750$2,757$504
41 years$20,180$12,544$7,520$4,382$2,501$434
42 years$19,479$11,946$7,054$4,044$2,269$374
43 years$18,813$11,382$6,620$3,734$2,059$323
44 years$18,179$10,850$6,214$3,447$1,869$278
45 years$17,574$10,346$5,834$3,184$1,697$240
46 years$16,998$9,870$5,480$2,941$1,541$207
47 years$16,448$9,419$5,148$2,717$1,399$178
48 years$15,922$8,992$4,838$2,511$1,271$153
49 years$15,419$8,587$4,547$2,320$1,154$132
50 years$14,938$8,202$4,275$2,145$1,048$114

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 $6,043 every year, while hoping to spend $36,099 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: 32/45/23 Blend
62$15,300,000$15,300,000$15,300,000$15,300,000
63$16,866,833$16,055,933$15,818,783$17,286,938
64$18,548,841$16,804,265$16,310,304$18,352,954
65$20,401,204$17,588,055$16,817,080$19,496,698
66$22,441,260$18,409,003$17,339,585$20,727,912
67$24,688,114$19,268,890$17,878,307$22,054,289
68$27,162,820$20,169,583$18,433,748$23,484,256
69$29,888,576$21,113,041$19,006,427$25,027,040
70$32,890,946$22,101,315$19,596,877$26,692,752
71$36,198,100$23,136,558$20,205,651$28,492,472
72$39,841,081$24,221,024$20,833,315$30,438,348
73$43,854,096$25,357,078$21,480,455$32,543,697
74$48,274,838$26,547,200$22,147,675$34,823,126
75$53,144,847$27,793,988$22,835,597$37,292,657
76$58,509,894$29,100,166$23,544,863$39,969,871
77$64,420,421$30,468,592$24,276,134$42,874,061
78$70,932,012$31,902,260$25,030,091$46,026,404
79$78,105,916$33,404,310$25,807,439$49,450,148
80$86,009,632$34,978,034$26,608,901$53,170,823
81$94,717,540$36,626,884$27,435,224$57,216,464
82$104,311,605$38,354,477$28,287,180$61,617,867
83$114,882,150$40,164,607$29,165,562$66,408,864
84$126,528,710$42,061,253$30,071,188$71,626,627
85$139,360,969$44,048,585$31,004,904$77,312,004
86$153,499,797$46,130,976$31,967,578$83,509,890
87$169,078,393$48,313,010$32,960,108$90,269,634
88$186,243,536$50,599,495$33,983,419$97,645,485
89$205,156,977$52,995,470$35,038,464$105,697,090
90$225,996,962$55,506,221$36,126,226$114,490,033
91$248,959,916$58,137,290$37,247,717$124,096,438
92$274,262,295$60,894,485$38,403,984$134,595,628
93$302,142,634$63,783,900$39,596,103$146,074,851
94$332,863,794$66,811,922$40,825,183$158,630,082
95$366,715,444$69,985,249$42,092,370$172,366,905
96$404,016,798$73,310,905$43,398,843$187,401,483
97$445,119,626$76,796,254$44,745,818$203,861,630
98$490,411,575$80,449,018$46,134,551$221,887,989
99$540,319,831$84,277,295$47,566,333$241,635,333
100$595,315,146$88,289,574$49,042,498$263,273,993