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%13.3%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,226,896
2 years$637,739$625,862$614,351$603,190$592,365$575,197
3 years$420,936$409,008$397,526$386,470$375,821$359,089
4 years$312,556$300,664$289,297$278,430$268,038$251,872
5 years$247,545$235,724$224,506$213,861$203,758$188,204
6 years$204,218$192,487$181,434$171,026$161,227$146,303
7 years$173,283$161,650$150,773$140,610$131,121$116,833
8 years$150,092$138,564$127,867$117,954$108,777$95,123
9 years$132,064$120,645$110,132$100,471$91,606$78,580
10 years$117,650$106,342$96,016$86,607$78,053$65,644
11 years$105,864$94,670$84,531$75,374$67,128$55,326
12 years$96,050$84,971$75,019$66,113$58,172$46,962
13 years$87,752$76,789$67,024$58,368$50,727$40,095
14 years$80,646$69,799$60,222$51,813$44,467$34,396
15 years$74,493$63,763$54,372$46,208$39,152$29,625
16 years$69,114$58,501$49,296$41,374$34,603$25,602
17 years$64,373$53,877$44,858$37,174$30,681$22,188
18 years$60,163$49,785$40,949$33,501$27,280$19,276
19 years$56,401$46,140$37,487$30,271$24,316$16,780
20 years$53,019$42,876$34,404$27,417$21,719$14,634
21 years$49,964$39,937$31,645$24,882$19,436$12,782
22 years$47,190$37,280$29,166$22,624$17,422$11,178
23 years$44,661$34,867$26,929$20,604$15,639$9,787
24 years$42,346$32,668$24,905$18,792$14,057$8,578
25 years$40,219$30,657$23,067$17,162$12,649$7,525
26 years$38,260$28,813$21,394$15,692$11,394$6,606
27 years$36,448$27,116$19,866$14,363$10,272$5,803
28 years$34,769$25,552$18,468$13,160$9,269$5,100
29 years$33,209$24,105$17,186$12,068$8,369$4,485
30 years$31,755$22,765$16,008$11,075$7,562$3,946
31 years$30,398$21,520$14,924$10,172$6,837$3,473
32 years$29,128$20,362$13,924$9,348$6,185$3,057
33 years$27,937$19,284$13,001$8,596$5,597$2,693
34 years$26,819$18,277$12,147$7,909$5,068$2,372
35 years$25,768$17,335$11,357$7,281$4,590$2,090
36 years$24,776$16,453$10,624$6,706$4,159$1,842
37 years$23,841$15,627$9,944$6,178$3,769$1,624
38 years$22,957$14,851$9,312$5,695$3,417$1,431
39 years$22,120$14,122$8,725$5,251$3,099$1,262
40 years$21,328$13,436$8,177$4,843$2,811$1,113
41 years$20,576$12,790$7,668$4,468$2,550$981
42 years$19,861$12,181$7,193$4,124$2,314$866
43 years$19,182$11,606$6,749$3,807$2,100$763
44 years$18,535$11,063$6,335$3,515$1,906$673
45 years$17,919$10,549$5,949$3,246$1,730$594
46 years$17,331$10,063$5,587$2,998$1,571$524
47 years$16,770$9,604$5,249$2,770$1,427$462
48 years$16,234$9,168$4,933$2,560$1,296$408
49 years$15,722$8,755$4,636$2,366$1,177$360
50 years$15,231$8,363$4,359$2,187$1,069$318

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 $6,720 every year, while hoping to spend $51,793 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: 48/32/20 Blend
62$15,600,000$15,600,000$15,600,000$15,600,000
63$17,198,132$16,371,332$16,129,532$17,926,132
64$18,897,234$17,118,420$16,614,764$19,180,395
65$20,767,908$17,900,379$17,114,515$20,535,817
66$22,827,601$18,718,864$17,629,217$22,006,578
67$25,095,536$19,575,607$18,159,315$23,603,520
68$27,592,895$20,472,426$18,705,267$25,338,551
69$30,343,019$21,411,224$19,267,542$27,224,755
70$33,371,629$22,393,996$19,846,627$29,276,506
71$36,707,066$23,422,833$20,443,020$31,509,603
72$40,380,561$24,499,926$21,057,235$33,941,405
73$44,426,527$25,627,571$21,689,802$36,590,998
74$48,882,888$26,808,177$22,341,265$39,479,361
75$53,791,430$28,044,265$23,012,185$42,629,562
76$59,198,202$29,338,480$23,703,139$46,066,965
77$65,153,946$30,693,593$24,414,722$49,819,463
78$71,714,578$32,112,509$25,147,544$53,917,736
79$78,941,714$33,598,272$25,902,237$58,395,529
80$86,903,255$35,154,073$26,679,447$63,289,964
81$95,674,021$36,783,257$27,479,843$68,641,878
82$105,336,465$38,489,330$28,304,112$74,496,205
83$115,981,444$40,275,967$29,152,959$80,902,385
84$127,709,082$42,147,020$30,027,114$87,914,822
85$140,629,711$44,106,526$30,927,325$95,593,389
86$154,864,915$46,158,720$31,854,364$104,003,980
87$170,548,676$48,308,036$32,809,024$113,219,117
88$187,828,637$50,559,126$33,792,123$123,318,631
89$206,867,500$52,916,866$34,804,501$134,390,393
90$227,844,559$55,386,365$35,847,025$146,531,138
91$250,957,389$57,972,982$36,920,586$159,847,359
92$276,423,717$60,682,333$38,026,100$174,456,299
93$304,483,475$63,520,306$39,164,513$190,487,044
94$335,401,060$66,493,072$40,336,795$208,081,723
95$369,467,838$69,607,102$41,543,947$227,396,835
96$407,004,886$72,869,179$42,786,999$248,604,710
97$448,366,031$76,286,415$44,067,009$271,895,111
98$493,941,182$79,866,265$45,385,070$297,477,015
99$544,160,016$83,616,545$46,742,303$325,580,558
100$599,496,030$87,545,449$48,139,863$356,459,193