Can I retire at age 63 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,198,818
2 years$629,563$617,838$606,475$595,457$584,770$555,522
3 years$415,540$403,764$392,429$381,515$371,002$342,621
4 years$308,549$296,809$285,588$274,860$264,602$237,305
5 years$244,371$232,702$221,628$211,119$201,146$175,010
6 years$201,600$190,019$179,108$168,834$159,160$134,212
7 years$171,061$159,577$148,840$138,807$129,440$105,682
8 years$148,168$136,787$126,228$116,442$107,383$84,807
9 years$130,371$119,098$108,720$99,183$90,432$69,019
10 years$116,142$104,979$94,785$85,497$77,052$56,779
11 years$104,507$93,457$83,447$74,408$66,268$47,105
12 years$94,819$83,882$74,057$65,265$57,426$39,343
13 years$86,627$75,805$66,165$57,620$50,077$33,039
14 years$79,612$68,904$59,450$51,148$43,897$27,868
15 years$73,538$62,945$53,675$45,615$38,650$23,592
16 years$68,228$57,751$48,664$40,844$34,159$20,032
17 years$63,548$53,187$44,283$36,698$30,288$17,053
18 years$59,392$49,147$40,424$33,072$26,931$14,548
19 years$55,678$45,549$37,006$29,883$24,004$12,432
20 years$52,340$42,326$33,963$27,065$21,441$10,641
21 years$49,323$39,425$31,239$24,563$19,187$9,119
22 years$46,585$36,802$28,792$22,334$17,198$7,823
23 years$44,088$34,420$26,584$20,340$15,438$6,718
24 years$41,803$32,249$24,586$18,551$13,876$5,774
25 years$39,704$30,264$22,771$16,942$12,487$4,965
26 years$37,769$28,444$21,119$15,491$11,247$4,272
27 years$35,981$26,769$19,611$14,179$10,141$3,678
28 years$34,323$25,224$18,231$12,991$9,150$3,168
29 years$32,783$23,796$16,966$11,913$8,262$2,729
30 years$31,348$22,473$15,803$10,933$7,465$2,352
31 years$30,008$21,244$14,732$10,041$6,749$2,028
32 years$28,754$20,101$13,746$9,228$6,105$1,749
33 years$27,579$19,036$12,834$8,486$5,525$1,508
34 years$26,475$18,042$11,992$7,808$5,003$1,301
35 years$25,437$17,113$11,211$7,188$4,531$1,122
36 years$24,459$16,242$10,488$6,620$4,105$969
37 years$23,535$15,427$9,817$6,099$3,721$836
38 years$22,663$14,661$9,193$5,622$3,373$721
39 years$21,837$13,941$8,613$5,183$3,059$623
40 years$21,054$13,264$8,073$4,781$2,775$537
41 years$20,312$12,626$7,570$4,411$2,517$464
42 years$19,606$12,024$7,101$4,071$2,284$400
43 years$18,936$11,457$6,663$3,758$2,073$346
44 years$18,297$10,921$6,254$3,470$1,882$298
45 years$17,689$10,414$5,873$3,204$1,708$258
46 years$17,109$9,934$5,516$2,960$1,551$222
47 years$16,555$9,481$5,182$2,735$1,408$192
48 years$16,026$9,050$4,869$2,527$1,279$166
49 years$15,520$8,643$4,577$2,335$1,162$143
50 years$15,036$8,256$4,303$2,159$1,055$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $15,400,000, adding $2,107 every year, while hoping to spend $25,364 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: 56/29/15 Blend
62$15,400,000$15,400,000$15,400,000$15,400,000
63$16,972,973$16,156,773$15,918,073$17,856,947
64$18,677,230$16,921,468$16,424,342$19,222,016
65$20,554,470$17,722,783$16,946,720$20,705,313
66$22,622,312$18,562,485$17,485,721$22,320,491
67$24,900,169$19,442,428$18,041,874$24,080,176
68$27,409,435$20,364,556$18,615,725$25,998,247
69$30,173,683$21,330,905$19,207,838$28,089,959
70$33,218,892$22,343,613$19,818,794$30,372,084
71$36,573,688$23,404,919$20,449,193$32,863,062
72$40,269,618$24,517,174$21,099,654$35,583,171
73$44,341,443$25,682,839$21,770,817$38,554,712
74$48,827,470$26,904,498$22,463,339$41,802,214
75$53,769,912$28,184,859$23,177,902$45,352,657
76$59,215,288$29,526,762$23,915,206$49,235,720
77$65,214,860$30,933,185$24,675,977$53,484,056
78$71,825,115$32,407,251$25,460,962$58,133,591
79$79,108,303$33,952,233$26,270,931$63,223,857
80$87,133,024$35,571,566$27,106,681$68,798,355
81$95,974,869$37,268,850$27,969,032$74,904,959
82$105,717,143$39,047,860$28,858,831$81,596,354
83$116,451,643$40,912,557$29,776,953$88,930,533
84$128,279,529$42,867,091$30,724,300$96,971,327
85$141,312,279$44,915,817$31,701,802$105,788,999
86$155,672,739$47,063,299$32,710,420$115,460,897
87$171,496,284$49,314,327$33,751,145$126,072,175
88$188,932,096$51,673,919$34,825,000$137,716,582
89$208,144,572$54,147,343$35,933,038$150,497,335
90$229,314,874$56,740,118$37,076,351$164,528,083
91$252,642,642$59,458,036$38,256,060$179,933,963
92$278,347,879$62,307,167$39,473,326$196,852,770
93$306,673,025$65,293,880$40,729,344$215,436,240
94$337,885,245$68,424,852$42,025,349$235,851,472
95$372,278,957$71,707,087$43,362,615$258,282,482
96$410,178,604$75,147,927$44,742,456$282,931,929
97$451,941,721$78,755,075$46,166,228$310,023,010
98$497,962,311$82,536,608$47,635,331$339,801,545
99$548,674,561$86,500,996$49,151,208$372,538,280
100$604,556,943$90,657,122$50,715,351$408,531,424