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%17.7%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,236,011
2 years$654,092$641,910$630,104$618,657$607,554$567,759
3 years$431,730$419,495$407,719$396,379$385,457$346,967
4 years$320,570$308,373$296,715$285,569$274,911$238,021
5 years$253,892$241,768$230,263$219,344$208,983$173,792
6 years$209,455$197,422$186,087$175,411$165,361$131,900
7 years$177,726$165,795$154,639$144,215$134,483$102,749
8 years$153,940$142,117$131,146$120,979$111,567$81,538
9 years$135,450$123,738$112,956$103,047$93,955$65,600
10 years$120,667$109,069$98,478$88,828$80,054$53,330
11 years$108,579$97,098$86,698$77,307$68,850$43,708
12 years$98,513$87,150$76,942$67,808$59,664$36,052
13 years$90,002$78,758$68,743$59,865$52,028$29,889
14 years$82,714$71,589$61,766$53,141$45,607$24,883
15 years$76,403$65,398$55,766$47,392$40,156$20,786
16 years$70,886$60,001$50,560$42,435$35,490$17,411
17 years$66,023$55,259$46,008$38,127$31,468$14,618
18 years$61,706$51,062$41,999$34,360$27,980$12,296
19 years$57,847$47,323$38,448$31,048$24,939$10,359
20 years$54,379$43,975$35,286$28,120$22,276$8,739
21 years$51,245$40,961$32,456$25,520$19,935$7,381
22 years$48,400$38,236$29,913$23,204$17,869$6,239
23 years$45,806$35,761$27,620$21,132$16,040$5,278
24 years$43,431$33,506$25,544$19,274$14,417$4,468
25 years$41,250$31,444$23,659$17,602$12,973$3,785
26 years$39,241$29,552$21,942$16,094$11,686$3,207
27 years$37,383$27,812$20,375$14,731$10,536$2,719
28 years$35,661$26,207$18,941$13,497$9,506$2,306
29 years$34,060$24,723$17,627$12,377$8,584$1,956
30 years$32,569$23,348$16,418$11,359$7,756$1,660
31 years$31,177$22,072$15,306$10,433$7,012$1,408
32 years$29,875$20,885$14,281$9,588$6,343$1,195
33 years$28,654$19,778$13,334$8,817$5,741$1,015
34 years$27,507$18,745$12,459$8,112$5,197$862
35 years$26,428$17,779$11,648$7,468$4,708$732
36 years$25,412$16,875$10,897$6,878$4,265$621
37 years$24,452$16,028$10,199$6,337$3,866$528
38 years$23,546$15,232$9,551$5,841$3,505$448
39 years$22,688$14,484$8,948$5,385$3,178$381
40 years$21,875$13,780$8,387$4,967$2,883$323
41 years$21,103$13,118$7,864$4,583$2,615$275
42 years$20,370$12,493$7,377$4,230$2,373$233
43 years$19,674$11,903$6,922$3,904$2,154$198
44 years$19,010$11,346$6,498$3,605$1,955$168
45 years$18,378$10,820$6,101$3,329$1,775$143
46 years$17,776$10,322$5,731$3,075$1,611$121
47 years$17,200$9,850$5,384$2,841$1,463$103
48 years$16,650$9,403$5,059$2,625$1,329$88
49 years$16,125$8,979$4,755$2,426$1,207$74
50 years$15,622$8,577$4,471$2,243$1,096$63

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 $4,778 every year, while hoping to spend $24,387 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: 69/16/15 Blend
62$16,000,000$16,000,000$16,000,000$16,000,000
63$17,636,929$16,788,929$16,540,929$18,792,469
64$19,409,948$17,585,638$17,069,102$20,358,807
65$21,362,997$18,420,570$17,614,152$22,068,566
66$23,514,415$19,295,570$18,176,618$23,938,588
67$25,884,408$20,212,575$18,757,057$25,984,648
68$28,495,243$21,173,616$19,356,044$28,224,108
69$31,371,457$22,180,824$19,974,171$30,676,076
70$34,540,091$23,236,429$20,612,052$33,361,582
71$38,030,942$24,342,775$21,270,316$36,303,773
72$41,876,843$25,502,317$21,949,617$39,528,131
73$46,113,979$26,717,628$22,650,627$43,062,703
74$50,782,223$27,991,410$23,374,041$46,938,371
75$55,925,512$29,326,492$24,120,574$51,189,130
76$61,592,268$30,725,843$24,890,967$55,852,410
77$67,835,846$32,192,577$25,685,981$60,969,425
78$74,715,047$33,729,957$26,506,406$66,585,553
79$82,294,664$35,341,407$27,353,053$72,750,765
80$90,646,101$37,030,517$28,226,761$79,520,086
81$99,848,041$38,801,051$29,128,396$86,954,111
82$109,987,195$40,656,956$30,058,851$95,119,575
83$121,159,114$42,602,372$31,019,047$104,089,971
84$133,469,096$44,641,640$32,009,937$113,946,241
85$147,033,175$46,779,312$33,032,502$124,777,532
86$161,979,224$49,020,163$34,087,755$136,682,034
87$178,448,152$51,369,198$35,176,742$149,767,894
88$196,595,242$53,831,668$36,300,542$164,154,236
89$216,591,615$56,413,078$37,460,269$179,972,272
90$238,625,844$59,119,203$38,657,072$197,366,537
91$262,905,733$61,956,097$39,892,137$216,496,242
92$289,660,283$64,930,110$41,166,688$237,536,769
93$319,141,849$68,047,903$42,481,989$260,681,319
94$351,628,525$71,316,458$43,839,344$286,142,724
95$387,426,770$74,743,100$45,240,097$314,155,445
96$426,874,299$78,335,510$46,685,638$344,977,780
97$470,343,270$82,101,742$48,177,400$378,894,284
98$518,243,801$86,050,246$49,716,861$416,218,451
99$571,027,841$90,189,880$51,305,548$457,295,657
100$629,193,433$94,529,935$52,945,035$502,506,408