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%16.4%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,211,436
2 years$637,739$625,862$614,351$603,190$592,365$559,813
3 years$420,936$409,008$397,526$386,470$375,821$344,266
4 years$312,556$300,664$289,297$278,430$268,038$237,723
5 years$247,545$235,724$224,506$213,861$203,758$174,767
6 years$204,218$192,487$181,434$171,026$161,227$133,587
7 years$173,283$161,650$150,773$140,610$131,121$104,834
8 years$150,092$138,564$127,867$117,954$108,777$83,831
9 years$132,064$120,645$110,132$100,471$91,606$67,978
10 years$117,650$106,342$96,016$86,607$78,053$55,715
11 years$105,864$94,670$84,531$75,374$67,128$46,046
12 years$96,050$84,971$75,019$66,113$58,172$38,307
13 years$87,752$76,789$67,024$58,368$50,727$32,040
14 years$80,646$69,799$60,222$51,813$44,467$26,914
15 years$74,493$63,763$54,372$46,208$39,152$22,689
16 years$69,114$58,501$49,296$41,374$34,603$19,184
17 years$64,373$53,877$44,858$37,174$30,681$16,259
18 years$60,163$49,785$40,949$33,501$27,280$13,809
19 years$56,401$46,140$37,487$30,271$24,316$11,749
20 years$53,019$42,876$34,404$27,417$21,719$10,010
21 years$49,964$39,937$31,645$24,882$19,436$8,539
22 years$47,190$37,280$29,166$22,624$17,422$7,292
23 years$44,661$34,867$26,929$20,604$15,639$6,232
24 years$42,346$32,668$24,905$18,792$14,057$5,331
25 years$40,219$30,657$23,067$17,162$12,649$4,562
26 years$38,260$28,813$21,394$15,692$11,394$3,907
27 years$36,448$27,116$19,866$14,363$10,272$3,347
28 years$34,769$25,552$18,468$13,160$9,269$2,869
29 years$33,209$24,105$17,186$12,068$8,369$2,460
30 years$31,755$22,765$16,008$11,075$7,562$2,109
31 years$30,398$21,520$14,924$10,172$6,837$1,809
32 years$29,128$20,362$13,924$9,348$6,185$1,552
33 years$27,937$19,284$13,001$8,596$5,597$1,332
34 years$26,819$18,277$12,147$7,909$5,068$1,143
35 years$25,768$17,335$11,357$7,281$4,590$982
36 years$24,776$16,453$10,624$6,706$4,159$843
37 years$23,841$15,627$9,944$6,178$3,769$724
38 years$22,957$14,851$9,312$5,695$3,417$621
39 years$22,120$14,122$8,725$5,251$3,099$534
40 years$21,328$13,436$8,177$4,843$2,811$458
41 years$20,576$12,790$7,668$4,468$2,550$393
42 years$19,861$12,181$7,193$4,124$2,314$338
43 years$19,182$11,606$6,749$3,807$2,100$290
44 years$18,535$11,063$6,335$3,515$1,906$249
45 years$17,919$10,549$5,949$3,246$1,730$214
46 years$17,331$10,063$5,587$2,998$1,571$184
47 years$16,770$9,604$5,249$2,770$1,427$158
48 years$16,234$9,168$4,933$2,560$1,296$136
49 years$15,722$8,755$4,636$2,366$1,177$117
50 years$15,231$8,363$4,359$2,187$1,069$100

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 $3,910 every year, while hoping to spend $42,650 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: 75/15/10 Blend
62$15,600,000$15,600,000$15,600,000$15,600,000
63$17,195,233$16,368,433$16,126,633$18,453,769
64$18,903,768$17,125,107$16,621,496$20,040,388
65$20,785,143$17,917,429$17,131,508$21,772,851
66$22,856,945$18,747,099$17,657,130$23,670,196
67$25,138,549$19,615,903$18,198,840$25,748,766
68$27,651,308$20,525,710$18,757,128$28,026,555
69$30,418,750$21,478,478$19,332,500$30,523,370
70$33,466,802$22,476,263$19,925,479$33,261,017
71$36,824,034$23,521,218$20,536,600$36,263,502
72$40,521,927$24,615,599$21,166,418$39,557,258
73$44,595,173$25,761,773$21,815,503$43,171,389
74$49,082,001$26,962,220$22,484,442$47,137,942
75$54,024,536$28,219,540$23,173,842$51,492,206
76$59,469,199$29,536,458$23,884,326$56,273,041
77$65,467,144$30,915,830$24,616,537$61,523,241
78$72,074,739$32,360,653$25,371,138$67,289,937
79$79,354,103$33,874,065$26,148,811$73,625,031
80$87,373,686$35,459,359$26,950,261$80,585,690
81$96,208,918$37,119,984$27,776,211$88,234,876
82$105,942,922$38,859,557$28,627,408$96,641,935
83$116,667,296$40,681,872$29,504,622$105,883,249
84$128,482,980$42,590,903$30,408,647$116,042,953
85$141,501,206$44,590,819$31,340,298$127,213,721
86$155,844,548$46,685,989$32,300,418$139,497,637
87$171,648,084$48,880,994$33,289,873$153,007,150
88$189,060,663$51,180,637$34,309,559$167,866,134
89$208,246,316$53,589,954$35,360,395$184,211,049
90$229,385,802$56,114,223$36,443,329$202,192,220
91$252,678,314$58,758,980$37,559,341$221,975,252
92$278,343,360$61,530,028$38,709,437$243,742,587
93$306,622,834$64,433,450$39,894,654$267,695,215
94$337,783,300$67,475,627$41,116,062$294,054,566
95$372,118,510$70,663,245$42,374,763$323,064,591
96$409,952,172$74,003,319$43,671,892$354,994,058
97$451,641,011$77,503,199$45,008,618$390,139,076
98$497,578,134$81,170,596$46,386,146$428,825,888
99$548,196,740$85,013,591$47,805,719$471,413,932
100$603,974,212$89,040,662$49,268,615$518,299,231