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%12.3%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,232,000
2 years$637,739$625,862$614,351$603,190$592,365$580,311
3 years$420,936$409,008$397,526$386,470$375,821$364,052
4 years$312,556$300,664$289,297$278,430$268,038$256,647
5 years$247,545$235,724$224,506$213,861$203,758$192,776
6 years$204,218$192,487$181,434$171,026$161,227$150,668
7 years$173,283$161,650$150,773$140,610$131,121$120,990
8 years$150,092$138,564$127,867$117,954$108,777$99,074
9 years$132,064$120,645$110,132$100,471$91,606$82,327
10 years$117,650$106,342$96,016$86,607$78,053$69,193
11 years$105,864$94,670$84,531$75,374$67,128$58,680
12 years$96,050$84,971$75,019$66,113$58,172$50,127
13 years$87,752$76,789$67,024$58,368$50,727$43,076
14 years$80,646$69,799$60,222$51,813$44,467$37,200
15 years$74,493$63,763$54,372$46,208$39,152$32,258
16 years$69,114$58,501$49,296$41,374$34,603$28,070
17 years$64,373$53,877$44,858$37,174$30,681$24,499
18 years$60,163$49,785$40,949$33,501$27,280$21,436
19 years$56,401$46,140$37,487$30,271$24,316$18,797
20 years$53,019$42,876$34,404$27,417$21,719$16,514
21 years$49,964$39,937$31,645$24,882$19,436$14,531
22 years$47,190$37,280$29,166$22,624$17,422$12,805
23 years$44,661$34,867$26,929$20,604$15,639$11,298
24 years$42,346$32,668$24,905$18,792$14,057$9,979
25 years$40,219$30,657$23,067$17,162$12,649$8,823
26 years$38,260$28,813$21,394$15,692$11,394$7,807
27 years$36,448$27,116$19,866$14,363$10,272$6,912
28 years$34,769$25,552$18,468$13,160$9,269$6,125
29 years$33,209$24,105$17,186$12,068$8,369$5,430
30 years$31,755$22,765$16,008$11,075$7,562$4,816
31 years$30,398$21,520$14,924$10,172$6,837$4,274
32 years$29,128$20,362$13,924$9,348$6,185$3,794
33 years$27,937$19,284$13,001$8,596$5,597$3,369
34 years$26,819$18,277$12,147$7,909$5,068$2,993
35 years$25,768$17,335$11,357$7,281$4,590$2,659
36 years$24,776$16,453$10,624$6,706$4,159$2,364
37 years$23,841$15,627$9,944$6,178$3,769$2,101
38 years$22,957$14,851$9,312$5,695$3,417$1,868
39 years$22,120$14,122$8,725$5,251$3,099$1,661
40 years$21,328$13,436$8,177$4,843$2,811$1,478
41 years$20,576$12,790$7,668$4,468$2,550$1,314
42 years$19,861$12,181$7,193$4,124$2,314$1,169
43 years$19,182$11,606$6,749$3,807$2,100$1,040
44 years$18,535$11,063$6,335$3,515$1,906$926
45 years$17,919$10,549$5,949$3,246$1,730$824
46 years$17,331$10,063$5,587$2,998$1,571$733
47 years$16,770$9,604$5,249$2,770$1,427$652
48 years$16,234$9,168$4,933$2,560$1,296$581
49 years$15,722$8,755$4,636$2,366$1,177$517
50 years$15,231$8,363$4,359$2,187$1,069$460

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 $2,720 every year, while hoping to spend $57,890 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: 56/27/17 Blend
62$15,600,000$15,600,000$15,600,000$15,600,000
63$17,194,006$16,367,206$16,125,406$18,079,388
64$18,886,200$17,107,604$16,604,012$19,422,364
65$20,749,057$17,882,342$17,096,712$20,878,112
66$22,799,925$18,693,041$17,603,916$22,462,623
67$25,057,917$19,541,399$18,126,046$24,188,249
68$27,544,095$20,429,198$18,663,539$26,068,567
69$30,281,666$21,358,302$19,216,841$28,118,506
70$33,296,204$22,330,667$19,786,413$30,354,484
71$36,615,888$23,348,341$20,372,729$32,794,553
72$40,271,768$24,413,470$20,976,276$35,458,570
73$44,298,062$25,528,303$21,597,555$38,368,376
74$48,732,473$26,695,199$22,237,081$41,547,996
75$53,616,549$27,916,626$22,895,387$45,023,864
76$58,996,070$29,195,175$23,573,016$48,825,061
77$64,921,489$30,533,558$24,270,531$52,983,589
78$71,448,396$31,934,617$24,988,509$57,534,662
79$78,638,052$33,401,333$25,727,544$62,517,033
80$86,557,964$34,936,829$26,488,247$67,973,355
81$95,282,520$36,544,377$27,271,247$73,950,570
82$104,893,693$38,227,408$28,077,190$80,500,352
83$115,481,815$39,989,517$28,906,742$87,679,582
84$127,146,428$41,834,471$29,760,586$95,550,877
85$139,997,224$43,766,221$30,639,425$104,183,172
86$154,155,080$45,788,904$31,543,985$113,652,362
87$169,753,199$47,906,861$32,475,009$124,042,010
88$186,938,366$50,124,638$33,433,262$135,444,122
89$205,872,335$52,447,001$34,419,533$147,960,010
90$226,733,357$54,878,948$35,434,631$161,701,232
91$249,717,857$57,425,714$36,479,389$176,790,637
92$275,042,294$60,092,790$37,554,664$193,363,510
93$302,945,200$62,885,928$38,661,337$211,568,841
94$333,689,433$65,811,161$39,800,314$231,570,711
95$367,564,658$68,874,811$40,972,527$253,549,833
96$404,890,081$72,083,504$42,178,935$277,705,242
97$446,017,463$75,444,190$43,420,523$304,256,158
98$491,334,438$78,964,150$44,698,305$333,444,039
99$541,268,176$82,651,018$46,013,323$365,534,844
100$596,289,410$86,512,798$47,366,650$400,821,530