Can I retire at age 63 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,244,050
2 years$641,827$629,874$618,289$607,057$596,162$588,203
3 years$423,635$411,630$400,074$388,947$378,230$370,449
4 years$314,560$302,591$291,151$280,215$269,757$262,213
5 years$249,132$237,235$225,945$215,232$205,065$197,781
6 years$205,527$193,720$182,598$172,122$162,261$155,247
7 years$174,394$162,686$151,739$141,511$131,961$125,220
8 years$151,054$139,452$128,687$118,710$109,475$103,006
9 years$132,910$121,418$110,838$101,115$92,194$85,996
10 years$118,404$107,024$96,631$87,162$78,553$72,624
11 years$106,543$95,277$85,073$75,857$67,559$61,893
12 years$96,666$85,516$75,500$66,537$58,545$53,139
13 years$88,315$77,281$67,454$58,742$51,052$45,900
14 years$81,163$70,247$60,608$52,145$44,752$39,847
15 years$74,970$64,171$54,721$46,504$39,403$34,739
16 years$69,557$58,876$49,612$41,639$34,825$30,395
17 years$64,785$54,223$45,145$37,412$30,878$26,676
18 years$60,549$50,104$41,212$33,716$27,455$23,473
19 years$56,763$46,436$37,727$30,465$24,472$20,702
20 years$53,359$43,151$34,624$27,592$21,858$18,293
21 years$50,284$40,193$31,848$25,042$19,561$16,193
22 years$47,492$37,519$29,353$22,769$17,533$14,355
23 years$44,947$35,091$27,102$20,736$15,739$12,743
24 years$42,617$32,878$25,065$18,912$14,147$11,325
25 years$40,477$30,854$23,215$17,272$12,730$10,074
26 years$38,505$28,998$21,531$15,792$11,467$8,970
27 years$36,682$27,290$19,993$14,455$10,338$7,993
28 years$34,992$25,716$18,586$13,244$9,328$7,128
29 years$33,421$24,260$17,296$12,145$8,423$6,360
30 years$31,958$22,911$16,111$11,146$7,611$5,678
31 years$30,592$21,658$15,019$10,237$6,881$5,072
32 years$29,314$20,493$14,013$9,408$6,224$4,532
33 years$28,116$19,407$13,084$8,651$5,633$4,051
34 years$26,991$18,394$12,225$7,960$5,100$3,623
35 years$25,933$17,446$11,430$7,328$4,619$3,241
36 years$24,935$16,559$10,692$6,749$4,185$2,900
37 years$23,994$15,727$10,008$6,218$3,793$2,595
38 years$23,104$14,946$9,372$5,731$3,439$2,323
39 years$22,262$14,213$8,780$5,284$3,119$2,080
40 years$21,464$13,522$8,230$4,874$2,829$1,863
41 years$20,707$12,872$7,717$4,497$2,566$1,668
42 years$19,988$12,259$7,239$4,150$2,329$1,495
43 years$19,305$11,680$6,793$3,831$2,113$1,339
44 years$18,654$11,133$6,376$3,537$1,918$1,200
45 years$18,034$10,617$5,987$3,267$1,741$1,075
46 years$17,442$10,128$5,623$3,018$1,581$963
47 years$16,878$9,665$5,283$2,788$1,436$863
48 years$16,338$9,227$4,964$2,576$1,304$774
49 years$15,822$8,811$4,666$2,381$1,184$694
50 years$15,329$8,417$4,387$2,201$1,076$622

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $15,700,000, adding $4,969 every year, while hoping to spend $42,342 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: 51/21/28 Blend
62$15,700,000$15,700,000$15,700,000$15,700,000
63$17,306,526$16,474,426$16,231,076$18,052,346
64$19,026,740$17,236,621$16,729,765$19,334,953
65$20,920,996$18,034,745$17,243,741$20,724,218
66$23,007,003$18,870,513$17,773,472$22,234,105
67$25,304,273$19,745,723$18,319,439$23,876,117
68$27,834,307$20,662,262$18,882,138$25,662,897
69$30,620,798$21,622,104$19,462,082$27,608,343
70$33,689,854$22,627,321$20,059,796$29,727,738
71$37,070,244$23,680,085$20,675,824$32,037,887
72$40,793,670$24,782,671$21,310,726$34,557,270
73$44,895,068$25,937,465$21,965,078$37,306,214
74$49,412,932$27,146,968$22,639,475$40,307,077
75$54,389,683$28,413,801$23,334,529$43,584,454
76$59,872,066$29,740,713$24,050,871$47,165,407
77$65,911,593$31,130,584$24,789,152$51,079,709
78$72,565,029$32,586,436$25,550,042$55,360,120
79$79,894,924$34,111,433$26,334,230$60,042,695
80$87,970,208$35,708,896$27,142,430$65,167,110
81$96,866,841$37,382,304$27,975,372$70,777,035
82$106,668,526$39,135,304$28,833,815$76,920,535
83$117,467,503$40,971,720$29,718,534$83,650,518
84$129,365,417$42,895,564$30,630,334$91,025,227
85$142,474,280$44,911,036$31,570,040$99,108,780
86$156,917,524$47,022,545$32,538,505$107,971,766
87$172,831,172$49,234,710$33,536,605$117,691,904
88$190,365,116$51,552,376$34,565,246$128,354,765
89$209,684,535$53,980,619$35,625,359$140,054,572
90$230,971,453$56,524,765$36,717,904$152,895,078
91$254,426,459$59,190,396$37,843,871$166,990,532
92$280,270,596$61,983,364$39,004,279$182,466,751
93$308,747,454$64,909,805$40,200,179$199,462,292
94$340,125,462$67,976,154$41,432,654$218,129,750
95$374,700,429$71,189,155$42,702,817$238,637,183
96$412,798,331$74,555,882$44,011,820$261,169,687
97$454,778,391$78,083,750$45,360,846$285,931,130
98$501,036,467$81,780,535$46,751,115$313,146,058
99$552,008,794$85,654,388$48,183,884$343,061,803
100$608,176,096$89,713,858$49,660,449$375,950,800