Can I retire at age 63 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,229,952
2 years$637,739$625,862$614,351$603,190$592,365$578,257
3 years$420,936$409,008$397,526$386,470$375,821$362,056
4 years$312,556$300,664$289,297$278,430$268,038$254,724
5 years$247,545$235,724$224,506$213,861$203,758$190,933
6 years$204,218$192,487$181,434$171,026$161,227$148,906
7 years$173,283$161,650$150,773$140,610$131,121$119,310
8 years$150,092$138,564$127,867$117,954$108,777$97,475
9 years$132,064$120,645$110,132$100,471$91,606$80,808
10 years$117,650$106,342$96,016$86,607$78,053$67,752
11 years$105,864$94,670$84,531$75,374$67,128$57,316
12 years$96,050$84,971$75,019$66,113$58,172$48,838
13 years$87,752$76,789$67,024$58,368$50,727$41,859
14 years$80,646$69,799$60,222$51,813$44,467$36,054
15 years$74,493$63,763$54,372$46,208$39,152$31,180
16 years$69,114$58,501$49,296$41,374$34,603$27,058
17 years$64,373$53,877$44,858$37,174$30,681$23,549
18 years$60,163$49,785$40,949$33,501$27,280$20,546
19 years$56,401$46,140$37,487$30,271$24,316$17,964
20 years$53,019$42,876$34,404$27,417$21,719$15,736
21 years$49,964$39,937$31,645$24,882$19,436$13,806
22 years$47,190$37,280$29,166$22,624$17,422$12,130
23 years$44,661$34,867$26,929$20,604$15,639$10,669
24 years$42,346$32,668$24,905$18,792$14,057$9,395
25 years$40,219$30,657$23,067$17,162$12,649$8,280
26 years$38,260$28,813$21,394$15,692$11,394$7,303
27 years$36,448$27,116$19,866$14,363$10,272$6,446
28 years$34,769$25,552$18,468$13,160$9,269$5,693
29 years$33,209$24,105$17,186$12,068$8,369$5,031
30 years$31,755$22,765$16,008$11,075$7,562$4,448
31 years$30,398$21,520$14,924$10,172$6,837$3,934
32 years$29,128$20,362$13,924$9,348$6,185$3,481
33 years$27,937$19,284$13,001$8,596$5,597$3,081
34 years$26,819$18,277$12,147$7,909$5,068$2,728
35 years$25,768$17,335$11,357$7,281$4,590$2,416
36 years$24,776$16,453$10,624$6,706$4,159$2,140
37 years$23,841$15,627$9,944$6,178$3,769$1,896
38 years$22,957$14,851$9,312$5,695$3,417$1,680
39 years$22,120$14,122$8,725$5,251$3,099$1,489
40 years$21,328$13,436$8,177$4,843$2,811$1,319
41 years$20,576$12,790$7,668$4,468$2,550$1,170
42 years$19,861$12,181$7,193$4,124$2,314$1,037
43 years$19,182$11,606$6,749$3,807$2,100$919
44 years$18,535$11,063$6,335$3,515$1,906$815
45 years$17,919$10,549$5,949$3,246$1,730$723
46 years$17,331$10,063$5,587$2,998$1,571$641
47 years$16,770$9,604$5,249$2,770$1,427$569
48 years$16,234$9,168$4,933$2,560$1,296$504
49 years$15,722$8,755$4,636$2,366$1,177$447
50 years$15,231$8,363$4,359$2,187$1,069$397

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $15,600,000, adding $5,670 every year, while hoping to spend $41,927 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: 45/46/9 Blend
62$15,600,000$15,600,000$15,600,000$15,600,000
63$17,197,049$16,370,249$16,128,449$17,927,086
64$18,906,538$17,127,781$16,624,142$19,190,073
65$20,788,989$17,921,027$17,135,035$20,553,975
66$22,862,001$18,751,692$17,661,594$22,031,893
67$25,144,966$19,621,566$18,204,298$23,634,350
68$27,659,250$20,532,520$18,763,640$25,372,893
69$30,428,401$21,486,521$19,340,129$27,260,194
70$33,478,364$22,485,626$19,934,289$29,310,162
71$36,837,730$23,531,996$20,546,661$31,538,068
72$40,538,007$24,627,891$21,177,802$33,960,679
73$44,613,910$25,775,685$21,828,285$36,596,409
74$49,103,698$26,977,862$22,498,702$39,465,485
75$54,049,528$28,237,030$23,189,661$42,590,127
76$59,497,856$29,555,921$23,901,791$45,994,751
77$65,499,875$30,937,399$24,635,739$49,706,184
78$72,111,997$32,384,466$25,392,171$53,753,913
79$79,396,386$33,900,270$26,171,774$58,170,347
80$87,421,545$35,488,111$26,975,256$62,991,116
81$96,262,962$37,151,448$27,803,346$68,255,391
82$106,003,823$38,893,908$28,656,797$74,006,245
83$116,735,796$40,719,292$29,536,383$80,291,041
84$128,559,897$42,631,587$30,442,902$87,161,873
85$141,587,443$44,634,972$31,377,176$94,676,035
86$155,941,104$46,733,828$32,340,053$102,896,551
87$171,756,059$48,932,747$33,332,406$111,892,756
88$189,181,270$51,236,545$34,355,136$121,740,928
89$208,380,896$53,650,272$35,409,169$132,524,994
90$229,535,832$56,179,220$36,495,461$144,337,304
91$252,845,424$58,828,939$37,614,996$157,279,485
92$278,529,348$61,605,248$38,768,789$171,463,375
93$306,829,684$64,514,247$39,957,886$187,012,063
94$338,013,199$67,562,333$41,183,363$204,061,026
95$372,373,870$70,756,212$42,446,330$222,759,387
96$410,235,655$74,102,916$43,747,932$243,271,296
97$451,955,550$77,609,817$45,089,346$265,777,455
98$497,926,964$81,284,646$46,471,787$290,476,798
99$548,583,429$85,135,508$47,896,506$317,588,342
100$604,402,693$89,170,902$49,364,793$347,353,224