Can I retire at age 63 with 16,000,000?

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 $16,000,000?

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$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,240,993
2 years$654,092$641,910$630,104$618,657$607,554$572,678
3 years$431,730$419,495$407,719$396,379$385,457$351,667
4 years$320,570$308,373$296,715$285,569$274,911$242,466
5 years$253,892$241,768$230,263$219,344$208,983$177,972
6 years$209,455$197,422$186,087$175,411$165,361$135,814
7 years$177,726$165,795$154,639$144,215$134,483$106,401
8 years$153,940$142,117$131,146$120,979$111,567$84,935
9 years$135,450$123,738$112,956$103,047$93,955$68,748
10 years$120,667$109,069$98,478$88,828$80,054$56,241
11 years$108,579$97,098$86,698$77,307$68,850$46,391
12 years$98,513$87,150$76,942$67,808$59,664$38,518
13 years$90,002$78,758$68,743$59,865$52,028$32,151
14 years$82,714$71,589$61,766$53,141$45,607$26,952
15 years$76,403$65,398$55,766$47,392$40,156$22,673
16 years$70,886$60,001$50,560$42,435$35,490$19,129
17 years$66,023$55,259$46,008$38,127$31,468$16,178
18 years$61,706$51,062$41,999$34,360$27,980$13,710
19 years$57,847$47,323$38,448$31,048$24,939$11,638
20 years$54,379$43,975$35,286$28,120$22,276$9,893
21 years$51,245$40,961$32,456$25,520$19,935$8,420
22 years$48,400$38,236$29,913$23,204$17,869$7,173
23 years$45,806$35,761$27,620$21,132$16,040$6,116
24 years$43,431$33,506$25,544$19,274$14,417$5,219
25 years$41,250$31,444$23,659$17,602$12,973$4,456
26 years$39,241$29,552$21,942$16,094$11,686$3,807
27 years$37,383$27,812$20,375$14,731$10,536$3,253
28 years$35,661$26,207$18,941$13,497$9,506$2,782
29 years$34,060$24,723$17,627$12,377$8,584$2,379
30 years$32,569$23,348$16,418$11,359$7,756$2,035
31 years$31,177$22,072$15,306$10,433$7,012$1,742
32 years$29,875$20,885$14,281$9,588$6,343$1,490
33 years$28,654$19,778$13,334$8,817$5,741$1,276
34 years$27,507$18,745$12,459$8,112$5,197$1,092
35 years$26,428$17,779$11,648$7,468$4,708$935
36 years$25,412$16,875$10,897$6,878$4,265$801
37 years$24,452$16,028$10,199$6,337$3,866$686
38 years$23,546$15,232$9,551$5,841$3,505$588
39 years$22,688$14,484$8,948$5,385$3,178$503
40 years$21,875$13,780$8,387$4,967$2,883$431
41 years$21,103$13,118$7,864$4,583$2,615$369
42 years$20,370$12,493$7,377$4,230$2,373$316
43 years$19,674$11,903$6,922$3,904$2,154$271
44 years$19,010$11,346$6,498$3,605$1,955$232
45 years$18,378$10,820$6,101$3,329$1,775$199
46 years$17,776$10,322$5,731$3,075$1,611$170
47 years$17,200$9,850$5,384$2,841$1,463$146
48 years$16,650$9,403$5,059$2,625$1,329$125
49 years$16,125$8,979$4,755$2,426$1,207$107
50 years$15,622$8,577$4,471$2,243$1,096$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $16,000,000, adding $2,032 every year, while hoping to spend $55,657 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: 44/46/10 Blend
62$16,000,000$16,000,000$16,000,000$16,000,000
63$17,634,096$16,786,096$16,538,096$18,359,447
64$19,373,555$17,549,396$17,032,904$19,626,677
65$21,288,574$18,348,233$17,542,422$20,993,492
66$23,397,000$19,184,288$18,067,085$22,473,616
67$25,718,501$20,059,325$18,607,339$24,077,482
68$28,274,748$20,975,192$19,163,645$25,816,536
69$31,089,621$21,933,824$19,736,475$27,703,341
70$34,189,432$22,937,251$20,326,317$29,751,686
71$37,603,177$23,987,599$20,933,671$31,976,706
72$41,362,806$25,087,097$21,559,054$34,395,024
73$45,503,526$26,238,079$22,202,997$37,024,893
74$50,064,135$27,442,994$22,866,046$39,886,360
75$55,087,381$28,704,405$23,548,764$43,001,453
76$60,620,375$30,025,002$24,251,728$46,394,369
77$66,715,028$31,407,602$24,975,536$50,091,701
78$73,428,544$32,855,157$25,720,799$54,122,674
79$80,823,958$34,370,763$26,488,149$58,519,413
80$88,970,735$35,957,663$27,278,235$63,317,230
81$97,945,419$37,619,258$28,091,725$68,554,952
82$107,832,360$39,359,110$28,929,306$74,275,268
83$118,724,510$41,180,955$29,791,686$80,525,124
84$130,724,296$43,088,708$30,679,594$87,356,150
85$143,944,591$45,086,472$31,593,778$94,825,135
86$158,509,779$47,178,548$32,535,009$102,994,543
87$174,556,925$49,369,446$33,504,080$111,933,094
88$192,237,074$51,663,891$34,501,809$121,716,390
89$211,716,671$54,066,837$35,529,035$132,427,616
90$233,179,136$56,583,477$36,586,623$144,158,304
91$256,826,595$59,219,254$37,675,461$157,009,179
92$282,881,785$61,979,875$38,796,467$171,091,091
93$311,590,159$64,871,321$39,950,580$186,526,038
94$343,222,202$67,899,862$41,138,771$203,448,299
95$378,075,983$71,072,072$42,362,037$222,005,678
96$416,479,971$74,394,842$43,621,403$242,360,874
97$458,796,133$77,875,394$44,917,926$264,692,992
98$505,423,353$81,521,303$46,252,690$289,199,211
99$556,801,195$85,340,507$47,626,815$316,096,612
100$613,414,054$89,341,328$49,041,450$345,624,205