Can I retire at age 63 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,225,481
2 years$645,915$633,886$622,227$610,924$599,959$565,520
3 years$426,333$414,251$402,622$391,425$380,639$347,271
4 years$316,563$304,519$293,006$281,999$271,475$239,435
5 years$250,719$238,746$227,385$216,603$206,371$175,748
6 years$206,836$194,954$183,761$173,219$163,294$134,116
7 years$175,504$163,722$152,706$142,413$132,802$105,071
8 years$152,016$140,340$129,507$119,467$110,172$83,873
9 years$133,757$122,191$111,544$101,759$92,781$67,889
10 years$119,158$107,706$97,247$87,717$79,054$55,538
11 years$107,222$95,884$85,614$76,340$67,989$45,811
12 years$97,282$86,060$75,981$66,961$58,918$38,037
13 years$88,877$77,773$67,884$59,116$51,377$31,749
14 years$81,680$70,694$60,994$52,477$45,037$26,615
15 years$75,448$64,580$55,069$46,800$39,654$22,390
16 years$70,000$59,251$49,928$41,904$35,047$18,890
17 years$65,198$54,568$45,433$37,651$31,075$15,976
18 years$60,935$50,423$41,474$33,931$27,630$13,538
19 years$57,124$46,732$37,968$30,659$24,627$11,492
20 years$53,699$43,425$34,845$27,768$21,998$9,769
21 years$50,604$40,449$32,051$25,201$19,685$8,314
22 years$47,795$37,758$29,540$22,914$17,645$7,083
23 years$45,233$35,314$27,275$20,868$15,839$6,040
24 years$42,889$33,087$25,224$19,033$14,237$5,154
25 years$40,735$31,051$23,363$17,382$12,811$4,400
26 years$38,750$29,182$21,668$15,893$11,540$3,759
27 years$36,915$27,464$20,120$14,547$10,404$3,213
28 years$35,215$25,879$18,705$13,328$9,388$2,747
29 years$33,634$24,414$17,406$12,222$8,477$2,349
30 years$32,162$23,057$16,213$11,217$7,659$2,010
31 years$30,787$21,796$15,115$10,302$6,925$1,720
32 years$29,501$20,624$14,103$9,468$6,264$1,472
33 years$28,295$19,531$13,168$8,707$5,669$1,260
34 years$27,163$18,511$12,303$8,011$5,133$1,079
35 years$26,098$17,557$11,503$7,374$4,649$924
36 years$25,094$16,664$10,760$6,792$4,212$791
37 years$24,147$15,827$10,072$6,258$3,817$677
38 years$23,251$15,042$9,432$5,768$3,461$580
39 years$22,404$14,303$8,836$5,318$3,138$497
40 years$21,601$13,608$8,282$4,905$2,847$426
41 years$20,839$12,954$7,766$4,526$2,583$365
42 years$20,116$12,337$7,285$4,177$2,343$312
43 years$19,428$11,754$6,836$3,856$2,127$268
44 years$18,773$11,204$6,417$3,560$1,930$229
45 years$18,149$10,684$6,025$3,288$1,753$196
46 years$17,553$10,192$5,659$3,037$1,591$168
47 years$16,985$9,727$5,316$2,806$1,445$144
48 years$16,442$9,285$4,996$2,593$1,312$124
49 years$15,923$8,867$4,696$2,396$1,192$106
50 years$15,426$8,470$4,415$2,215$1,082$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $15,800,000, adding $2,526 every year, while hoping to spend $31,233 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: 41/37/22 Blend
62$15,800,000$15,800,000$15,800,000$15,800,000
63$17,414,206$16,576,806$16,331,906$18,015,252
64$19,157,223$17,355,837$16,845,793$19,224,403
65$21,076,981$18,171,995$17,375,848$20,529,152
66$23,191,475$19,027,064$17,922,581$21,940,784
67$25,520,533$19,922,919$18,486,515$23,469,104
68$28,086,007$20,861,521$19,068,193$25,124,869
69$30,911,974$21,844,929$19,668,171$26,919,885
70$34,024,967$22,875,302$20,287,027$28,867,108
71$37,454,224$23,954,903$20,925,353$30,980,761
72$41,231,965$25,086,103$21,583,762$33,276,463
73$45,393,694$26,271,391$22,262,887$35,771,364
74$49,978,536$27,513,374$22,963,378$38,484,302
75$55,029,603$28,814,787$23,685,909$41,435,970
76$60,594,408$30,178,496$24,431,172$44,649,106
77$66,725,304$31,607,509$25,199,882$48,148,694
78$73,479,984$33,104,976$25,992,778$51,962,192
79$80,922,026$34,674,203$26,810,619$56,119,781
80$89,121,489$36,318,656$27,654,192$60,654,639
81$98,155,579$38,041,967$28,524,305$65,603,244
82$108,109,372$39,847,948$29,421,793$71,005,703
83$119,076,622$41,740,591$30,347,517$76,906,123
84$131,160,645$43,724,088$31,302,366$83,353,012
85$144,475,291$45,802,829$32,287,256$90,399,722
86$159,146,024$47,981,421$33,303,132$98,104,945
87$175,311,101$50,264,692$34,350,969$106,533,242
88$193,122,879$52,657,708$35,431,773$115,755,647
89$212,749,254$55,165,778$36,546,579$125,850,315
90$234,375,248$57,794,471$37,696,459$136,903,247
91$258,204,748$60,549,624$38,882,515$149,009,081
92$284,462,438$63,437,362$40,105,886$162,271,969
93$313,395,919$66,464,105$41,367,745$176,806,540
94$345,278,041$69,636,584$42,669,303$192,738,964
95$380,409,485$72,961,861$44,011,808$210,208,117
96$419,121,599$76,447,339$45,396,550$229,366,876
97$461,779,525$80,100,781$46,824,857$250,383,534
98$508,785,646$83,930,328$48,298,099$273,443,369
99$560,583,386$87,944,519$49,817,690$298,750,364
100$617,661,396$92,152,305$51,385,088$326,529,106