Can I retire at age 63 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,250,459
2 years$662,268$649,934$637,980$626,390$615,148$573,868
3 years$437,126$424,739$412,815$401,334$390,275$350,363
4 years$324,577$312,228$300,424$289,139$278,348$240,108
5 years$257,066$244,791$233,141$222,086$211,595$175,132
6 years$212,073$199,890$188,413$177,604$167,428$132,771
7 years$179,948$167,867$156,572$146,018$136,164$103,309
8 years$155,865$143,893$132,785$122,491$112,961$81,886
9 years$137,143$125,285$114,368$104,335$95,130$65,799
10 years$122,175$110,433$99,709$89,938$81,055$53,425
11 years$109,936$98,312$87,782$78,273$69,710$43,729
12 years$99,744$88,239$77,904$68,656$60,409$36,022
13 years$91,127$79,742$69,602$60,613$52,678$29,824
14 years$83,748$72,484$62,538$53,805$46,177$24,794
15 years$77,358$66,215$56,463$47,985$40,658$20,682
16 years$71,772$60,751$51,192$42,965$35,934$17,299
17 years$66,849$55,950$46,583$38,604$31,861$14,503
18 years$62,477$51,700$42,524$34,790$28,330$12,181
19 years$58,570$47,915$38,929$31,436$25,251$10,247
20 years$55,059$44,525$35,727$28,471$22,555$8,631
21 years$51,886$41,473$32,862$25,839$20,184$7,278
22 years$49,005$38,714$30,287$23,494$18,092$6,143
23 years$46,378$36,208$27,965$21,396$16,240$5,189
24 years$43,974$33,925$25,863$19,515$14,597$4,385
25 years$41,766$31,837$23,954$17,822$13,135$3,709
26 years$39,731$29,921$22,216$16,295$11,832$3,138
27 years$37,850$28,159$20,630$14,916$10,667$2,656
28 years$36,106$26,534$19,178$13,666$9,625$2,248
29 years$34,486$25,032$17,847$12,532$8,691$1,904
30 years$32,976$23,640$16,624$11,501$7,853$1,613
31 years$31,567$22,348$15,498$10,563$7,100$1,367
32 years$30,248$21,146$14,460$9,708$6,423$1,158
33 years$29,012$20,025$13,501$8,927$5,812$981
34 years$27,851$18,979$12,615$8,214$5,262$832
35 years$26,759$18,002$11,794$7,561$4,766$705
36 years$25,729$17,086$11,033$6,964$4,319$598
37 years$24,758$16,228$10,327$6,416$3,914$507
38 years$23,840$15,422$9,670$5,914$3,549$430
39 years$22,971$14,665$9,060$5,453$3,218$364
40 years$22,148$13,953$8,492$5,029$2,919$309
41 years$21,367$13,282$7,963$4,640$2,648$262
42 years$20,625$12,649$7,469$4,282$2,403$222
43 years$19,919$12,052$7,009$3,953$2,181$188
44 years$19,248$11,488$6,579$3,650$1,979$160
45 years$18,608$10,955$6,178$3,371$1,797$136
46 years$17,998$10,451$5,802$3,114$1,631$115
47 years$17,415$9,973$5,451$2,877$1,481$97
48 years$16,858$9,521$5,122$2,658$1,345$83
49 years$16,326$9,092$4,815$2,457$1,222$70
50 years$15,817$8,685$4,527$2,271$1,110$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $16,200,000, adding $3,374 every year, while hoping to spend $46,273 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: 68/20/12 Blend
62$16,200,000$16,200,000$16,200,000$16,200,000
63$17,855,880$16,997,280$16,746,180$19,023,084
64$19,627,946$17,780,913$17,257,943$20,583,259
65$21,579,211$18,601,393$17,785,299$22,283,127
66$23,727,906$19,460,476$18,328,722$24,141,037
67$26,094,118$20,360,005$18,888,699$26,172,488
68$28,699,981$21,301,908$19,465,734$28,394,535
69$31,569,886$22,288,209$20,060,343$30,825,942
70$34,730,711$23,321,027$20,673,061$33,487,363
71$38,212,072$24,402,586$21,304,437$36,401,525
72$42,046,605$25,535,214$21,955,037$39,593,444
73$46,270,272$26,721,353$22,625,445$43,090,653
74$50,922,703$27,963,563$23,316,261$46,923,460
75$56,047,568$29,264,527$24,028,104$51,125,229
76$61,692,987$30,627,056$24,761,613$55,732,690
77$67,911,989$32,054,099$25,517,444$60,786,280
78$74,763,008$33,548,746$26,296,275$66,330,521
79$82,310,437$35,114,236$27,098,802$72,414,430
80$90,625,234$36,753,966$27,925,744$79,091,985
81$99,785,593$38,471,496$28,777,842$86,422,618
82$109,877,681$40,270,557$29,655,857$94,471,779
83$120,996,452$42,155,061$30,560,576$103,311,538
84$133,246,542$44,129,111$31,492,807$113,021,269
85$146,743,257$46,197,005$32,453,384$123,688,382
86$161,613,662$48,363,252$33,443,165$135,409,148
87$177,997,781$50,632,576$34,463,036$148,289,595
88$196,049,915$53,009,932$35,513,908$162,446,503
89$215,940,101$55,500,514$36,596,719$178,008,499
90$237,855,719$58,109,767$37,712,437$195,117,260
91$262,003,257$60,843,400$38,862,057$213,928,839
92$288,610,260$63,707,398$40,046,608$234,615,136
93$317,927,482$66,708,035$41,267,144$257,365,502
94$350,231,248$69,851,892$42,524,757$282,388,519
95$385,826,066$73,145,866$43,820,567$309,913,961
96$425,047,499$76,597,187$45,155,730$340,194,946
97$468,265,335$80,213,440$46,531,438$373,510,316
98$515,887,074$84,002,573$47,948,915$410,167,257
99$568,361,778$87,972,922$49,409,427$450,504,184
100$626,184,310$92,133,226$50,914,274$494,893,922