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%15.6%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,230,956
2 years$645,915$633,886$622,227$610,924$599,959$570,944
3 years$426,333$414,251$402,622$391,425$380,639$352,474
4 years$316,563$304,519$293,006$281,999$271,475$244,376
5 years$250,719$238,746$227,385$216,603$206,371$180,414
6 years$206,836$194,954$183,761$173,219$163,294$138,507
7 years$175,504$163,722$152,706$142,413$132,802$109,188
8 years$152,016$140,340$129,507$119,467$110,172$87,722
9 years$133,757$122,191$111,544$101,759$92,781$71,478
10 years$119,158$107,706$97,247$87,717$79,054$58,875
11 years$107,222$95,884$85,614$76,340$67,989$48,906
12 years$97,282$86,060$75,981$66,961$58,918$40,901
13 years$88,877$77,773$67,884$59,116$51,377$34,393
14 years$81,680$70,694$60,994$52,477$45,037$29,049
15 years$75,448$64,580$55,069$46,800$39,654$24,626
16 years$70,000$59,251$49,928$41,904$35,047$20,941
17 years$65,198$54,568$45,433$37,651$31,075$17,852
18 years$60,935$50,423$41,474$33,931$27,630$15,252
19 years$57,124$46,732$37,968$30,659$24,627$13,054
20 years$53,699$43,425$34,845$27,768$21,998$11,189
21 years$50,604$40,449$32,051$25,201$19,685$9,604
22 years$47,795$37,758$29,540$22,914$17,645$8,252
23 years$45,233$35,314$27,275$20,868$15,839$7,097
24 years$42,889$33,087$25,224$19,033$14,237$6,109
25 years$40,735$31,051$23,363$17,382$12,811$5,262
26 years$38,750$29,182$21,668$15,893$11,540$4,535
27 years$36,915$27,464$20,120$14,547$10,404$3,911
28 years$35,215$25,879$18,705$13,328$9,388$3,374
29 years$33,634$24,414$17,406$12,222$8,477$2,912
30 years$32,162$23,057$16,213$11,217$7,659$2,514
31 years$30,787$21,796$15,115$10,302$6,925$2,170
32 years$29,501$20,624$14,103$9,468$6,264$1,875
33 years$28,295$19,531$13,168$8,707$5,669$1,620
34 years$27,163$18,511$12,303$8,011$5,133$1,399
35 years$26,098$17,557$11,503$7,374$4,649$1,209
36 years$25,094$16,664$10,760$6,792$4,212$1,045
37 years$24,147$15,827$10,072$6,258$3,817$904
38 years$23,251$15,042$9,432$5,768$3,461$781
39 years$22,404$14,303$8,836$5,318$3,138$675
40 years$21,601$13,608$8,282$4,905$2,847$584
41 years$20,839$12,954$7,766$4,526$2,583$505
42 years$20,116$12,337$7,285$4,177$2,343$437
43 years$19,428$11,754$6,836$3,856$2,127$378
44 years$18,773$11,204$6,417$3,560$1,930$327
45 years$18,149$10,684$6,025$3,288$1,753$282
46 years$17,553$10,192$5,659$3,037$1,591$244
47 years$16,985$9,727$5,316$2,806$1,445$211
48 years$16,442$9,285$4,996$2,593$1,312$183
49 years$15,923$8,867$4,696$2,396$1,192$158
50 years$15,426$8,470$4,415$2,215$1,082$137

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 $3,354 every year, while hoping to spend $36,759 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: 30/44/26 Blend
62$15,800,000$15,800,000$15,800,000$15,800,000
63$17,415,060$16,577,660$16,332,760$17,797,569
64$19,152,284$17,350,854$16,840,796$18,867,876
65$21,065,474$18,160,702$17,364,619$20,015,002
66$23,172,538$19,008,963$17,904,720$21,248,328
67$25,493,212$19,897,477$18,461,603$22,575,366
68$28,049,243$20,828,176$19,035,790$24,004,335
69$30,864,594$21,803,085$19,627,817$25,544,237
70$33,965,672$22,824,325$20,238,238$27,204,931
71$37,381,576$23,894,123$20,867,625$28,997,218
72$41,144,372$25,014,810$21,516,565$30,932,932
73$45,289,393$26,188,831$22,185,666$33,025,048
74$49,855,579$27,418,751$22,875,553$35,287,789
75$54,885,835$28,707,257$23,586,871$37,736,755
76$60,427,444$30,057,167$24,320,285$40,389,057
77$66,532,511$31,471,435$25,076,482$43,263,468
78$73,258,450$32,953,159$25,856,167$46,380,589
79$80,668,533$34,505,584$26,660,070$49,763,033
80$88,832,482$36,132,117$27,488,941$53,435,623
81$97,827,131$37,836,327$28,343,557$57,425,615
82$107,737,147$39,621,955$29,224,714$61,762,944
83$118,655,832$41,492,927$30,133,237$66,480,487
84$130,686,001$43,453,355$31,069,975$71,614,362
85$143,940,957$45,507,553$32,035,803$77,204,253
86$158,545,555$47,660,043$33,031,623$83,293,768
87$174,637,385$49,915,569$34,058,366$89,930,831
88$192,368,067$52,279,100$35,116,990$97,168,122
89$211,904,685$54,755,852$36,208,485$105,063,551
90$233,431,363$57,351,289$37,333,869$113,680,786
91$257,151,004$60,071,143$38,494,195$123,089,834
92$283,287,201$62,921,424$39,690,545$133,367,681
93$312,086,354$65,908,432$40,924,037$144,598,995
94$343,819,992$69,038,776$42,195,823$156,876,903
95$378,787,338$72,319,382$43,507,089$170,303,844
96$417,318,130$75,757,516$44,859,061$184,992,514
97$459,775,740$79,360,795$46,253,000$201,066,897
98$506,560,598$83,137,206$47,690,207$218,663,412
99$558,113,974$87,095,124$49,172,025$237,932,169
100$614,922,147$91,243,333$50,699,835$259,038,358