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%20%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,209,448
2 years$645,915$633,886$622,227$610,924$599,959$549,749
3 years$426,333$414,251$402,622$391,425$380,639$332,266
4 years$316,563$304,519$293,006$281,999$271,475$225,307
5 years$250,719$238,746$227,385$216,603$206,371$162,525
6 years$206,836$194,954$183,761$173,219$163,294$121,798
7 years$175,504$163,722$152,706$142,413$132,802$93,640
8 years$152,016$140,340$129,507$119,467$110,172$73,304
9 years$133,757$122,191$111,544$101,759$92,781$58,150
10 years$119,158$107,706$97,247$87,717$79,054$46,591
11 years$107,222$95,884$85,614$76,340$67,989$37,618
12 years$97,282$86,060$75,981$66,961$58,918$30,557
13 years$88,877$77,773$67,884$59,116$51,377$24,939
14 years$81,680$70,694$60,994$52,477$45,037$20,431
15 years$75,448$64,580$55,069$46,800$39,654$16,790
16 years$70,000$59,251$49,928$41,904$35,047$13,831
17 years$65,198$54,568$45,433$37,651$31,075$11,417
18 years$60,935$50,423$41,474$33,931$27,630$9,440
19 years$57,124$46,732$37,968$30,659$24,627$7,816
20 years$53,699$43,425$34,845$27,768$21,998$6,478
21 years$50,604$40,449$32,051$25,201$19,685$5,375
22 years$47,795$37,758$29,540$22,914$17,645$4,462
23 years$45,233$35,314$27,275$20,868$15,839$3,707
24 years$42,889$33,087$25,224$19,033$14,237$3,082
25 years$40,735$31,051$23,363$17,382$12,811$2,562
26 years$38,750$29,182$21,668$15,893$11,540$2,132
27 years$36,915$27,464$20,120$14,547$10,404$1,774
28 years$35,215$25,879$18,705$13,328$9,388$1,476
29 years$33,634$24,414$17,406$12,222$8,477$1,229
30 years$32,162$23,057$16,213$11,217$7,659$1,023
31 years$30,787$21,796$15,115$10,302$6,925$852
32 years$29,501$20,624$14,103$9,468$6,264$710
33 years$28,295$19,531$13,168$8,707$5,669$591
34 years$27,163$18,511$12,303$8,011$5,133$492
35 years$26,098$17,557$11,503$7,374$4,649$410
36 years$25,094$16,664$10,760$6,792$4,212$342
37 years$24,147$15,827$10,072$6,258$3,817$285
38 years$23,251$15,042$9,432$5,768$3,461$237
39 years$22,404$14,303$8,836$5,318$3,138$198
40 years$21,601$13,608$8,282$4,905$2,847$165
41 years$20,839$12,954$7,766$4,526$2,583$137
42 years$20,116$12,337$7,285$4,177$2,343$114
43 years$19,428$11,754$6,836$3,856$2,127$95
44 years$18,773$11,204$6,417$3,560$1,930$79
45 years$18,149$10,684$6,025$3,288$1,753$66
46 years$17,553$10,192$5,659$3,037$1,591$55
47 years$16,985$9,727$5,316$2,806$1,445$46
48 years$16,442$9,285$4,996$2,593$1,312$38
49 years$15,923$8,867$4,696$2,396$1,192$32
50 years$15,426$8,470$4,415$2,215$1,082$27

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 $3,231 every year, while hoping to spend $28,685 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: 43/34/23 Blend
62$15,800,000$15,800,000$15,800,000$15,800,000
63$17,414,933$16,577,533$16,332,633$18,046,904
64$19,160,735$17,359,311$16,849,255$19,278,112
65$21,083,648$18,178,435$17,382,223$20,608,208
66$23,201,707$19,036,705$17,932,054$22,048,746
67$25,534,784$19,936,007$18,499,281$23,609,946
68$28,104,780$20,878,320$19,084,456$25,303,021
69$30,935,828$21,865,717$19,688,145$27,140,280
70$34,054,519$22,900,374$20,310,935$29,135,241
71$37,490,160$23,984,572$20,953,430$31,302,747
72$41,275,041$25,120,701$21,616,255$33,659,100
73$45,444,747$26,311,268$22,300,052$36,222,211
74$50,038,493$27,558,901$23,005,485$39,011,756
75$55,099,490$28,866,358$23,733,239$42,049,358
76$60,675,356$30,236,528$24,484,021$45,358,780
77$66,818,566$31,672,441$25,258,559$48,966,141
78$73,586,944$33,177,275$26,057,606$52,900,154
79$81,044,213$34,754,362$26,881,936$57,192,388
80$89,260,592$36,407,196$27,732,351$61,877,553
81$98,313,463$38,139,439$28,609,675$66,993,821
82$108,288,098$39,954,933$29,514,761$72,583,170
83$119,278,466$41,857,706$30,448,487$78,691,774
84$131,388,118$43,851,982$31,411,759$85,370,426
85$144,731,167$45,942,190$32,405,514$92,674,999
86$159,433,362$48,132,974$33,430,715$100,666,968
87$175,633,280$50,429,205$34,488,359$109,413,971
88$193,483,627$52,835,988$35,579,472$118,990,437
89$213,152,686$55,358,681$36,705,113$129,478,269
90$234,825,901$58,002,897$37,866,376$140,967,606
91$258,707,631$60,774,527$39,064,387$153,557,652
92$285,023,077$63,679,746$40,300,311$167,357,601
93$314,020,407$66,725,030$41,575,348$182,487,645
94$345,973,101$69,917,169$42,890,734$199,080,093
95$381,182,532$73,263,285$44,247,749$217,280,595
96$419,980,810$76,770,846$45,647,709$237,249,503
97$462,733,920$80,447,684$47,091,974$259,163,359
98$509,845,171$84,302,012$48,581,946$283,216,537
99$561,759,010$88,342,443$50,119,073$309,623,060
100$618,965,214$92,578,007$51,704,847$338,618,589