Can I retire at age 63 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,200,759
2 years$633,651$621,850$610,413$599,324$588,568$553,345
3 years$418,238$406,386$394,978$383,993$373,411$339,303
4 years$310,552$298,737$287,443$276,645$266,320$233,587
5 years$245,958$234,213$223,067$212,490$202,452$171,185
6 years$202,909$191,253$180,271$169,930$160,194$130,420
7 years$172,172$160,614$149,806$139,709$130,280$102,001
8 years$149,130$137,676$127,048$117,198$108,080$81,279
9 years$131,217$119,871$109,426$99,827$91,019$65,670
10 years$116,896$105,661$95,400$86,052$77,553$53,622
11 years$105,186$94,064$83,989$74,891$66,698$44,146
12 years$95,434$84,426$74,538$65,689$57,799$36,582
13 years$87,190$76,297$66,595$57,994$50,402$30,473
14 years$80,129$69,352$59,836$51,480$44,182$25,492
15 years$74,015$63,354$54,024$45,911$38,901$21,400
16 years$68,671$58,126$48,980$41,109$34,381$18,016
17 years$63,960$53,532$44,570$36,936$30,485$15,203
18 years$59,778$49,466$40,687$33,287$27,106$12,855
19 years$56,040$45,845$37,247$30,077$24,160$10,888
20 years$52,680$42,601$34,183$27,241$21,580$9,234
21 years$49,644$39,681$31,442$24,723$19,312$7,841
22 years$46,887$37,041$28,979$22,479$17,310$6,665
23 years$44,374$34,644$26,757$20,472$15,539$5,669
24 years$42,074$32,459$24,745$18,671$13,966$4,826
25 years$39,961$30,461$22,919$17,052$12,568$4,111
26 years$38,014$28,628$21,256$15,591$11,320$3,503
27 years$36,214$26,943$19,738$14,271$10,206$2,987
28 years$34,546$25,388$18,349$13,075$9,209$2,547
29 years$32,996$23,951$17,076$11,990$8,316$2,173
30 years$31,551$22,619$15,905$11,004$7,514$1,855
31 years$30,203$21,382$14,828$10,106$6,793$1,583
32 years$28,941$20,232$13,835$9,288$6,145$1,352
33 years$27,758$19,160$12,918$8,541$5,561$1,154
34 years$26,647$18,159$12,070$7,859$5,035$986
35 years$25,602$17,224$11,284$7,234$4,560$842
36 years$24,618$16,348$10,556$6,663$4,132$719
37 years$23,688$15,527$9,880$6,139$3,745$614
38 years$22,810$14,756$9,252$5,658$3,395$525
39 years$21,979$14,031$8,669$5,217$3,079$448
40 years$21,191$13,350$8,125$4,812$2,793$383
41 years$20,444$12,708$7,619$4,440$2,534$327
42 years$19,734$12,102$7,147$4,097$2,299$280
43 years$19,059$11,531$6,706$3,782$2,086$239
44 years$18,416$10,992$6,295$3,492$1,894$204
45 years$17,804$10,482$5,911$3,225$1,719$175
46 years$17,220$9,999$5,551$2,979$1,561$149
47 years$16,663$9,542$5,216$2,752$1,417$127
48 years$16,130$9,109$4,901$2,543$1,287$109
49 years$15,621$8,699$4,607$2,351$1,169$93
50 years$15,133$8,309$4,331$2,173$1,062$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $15,500,000, adding $3,657 every year, while hoping to spend $36,635 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: 46/38/16 Blend
62$15,500,000$15,500,000$15,500,000$15,500,000
63$17,084,772$16,263,272$16,023,022$17,792,778
64$18,788,440$17,021,193$16,520,814$19,043,869
65$20,664,653$17,815,024$17,034,054$20,396,353
66$22,730,974$18,646,487$17,563,221$21,862,843
67$25,006,753$19,517,385$18,108,809$23,453,949
68$27,513,314$20,429,609$18,671,326$25,181,319
69$30,274,155$21,385,142$19,251,298$27,057,742
70$33,315,167$22,386,062$19,849,265$29,097,260
71$36,664,883$23,434,549$20,465,785$31,315,298
72$40,354,746$24,532,885$21,101,432$33,728,801
73$44,419,400$25,683,467$21,756,801$36,356,384
74$48,897,026$26,888,804$22,432,501$39,218,502
75$53,829,695$28,151,528$23,129,162$42,337,637
76$59,263,770$29,474,399$23,847,435$45,738,497
77$65,250,339$30,860,309$24,587,988$49,448,244
78$71,845,700$32,312,291$25,351,513$53,496,740
79$79,111,892$33,833,524$26,138,719$57,916,819
80$87,117,281$35,427,343$26,950,343$62,744,588
81$95,937,203$37,097,242$27,787,138$68,019,753
82$105,654,677$38,846,886$28,649,887$73,785,990
83$116,361,188$40,680,116$29,539,391$80,091,337
84$128,157,548$42,600,962$30,456,480$86,988,642
85$141,154,855$44,613,646$31,402,009$94,536,048
86$155,475,532$46,722,596$32,376,858$102,797,523
87$171,254,489$48,932,456$33,381,935$111,843,458
88$188,640,393$51,248,093$34,418,177$121,751,310
89$207,797,075$53,674,611$35,486,548$132,606,323
90$228,905,073$56,217,363$36,588,043$144,502,313
91$252,163,336$58,881,960$37,723,688$157,542,539
92$277,791,105$61,674,285$38,894,541$171,840,658
93$306,029,981$64,600,508$40,101,691$187,521,781
94$337,146,204$67,667,097$41,346,262$204,723,637
95$371,433,168$70,880,837$42,629,414$223,597,849
96$409,214,192$74,248,838$43,952,339$244,311,344
97$450,845,567$77,778,558$45,316,270$267,047,913
98$496,719,925$81,477,818$46,722,476$292,009,914
99$547,269,944$85,354,818$48,172,265$319,420,166
100$602,972,429$89,418,154$49,666,986$349,524,022