Can I retire at age 63 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,287,282
2 years$666,356$653,946$641,918$630,257$618,945$606,351
3 years$439,824$427,361$415,363$403,811$392,684$380,388
4 years$326,581$314,155$302,278$290,923$280,066$268,163
5 years$258,653$246,302$234,580$223,457$212,901$201,427
6 years$213,382$201,124$189,576$178,700$168,462$157,429
7 years$181,058$168,903$157,538$146,919$137,004$126,419
8 years$156,827$144,781$133,605$123,247$113,658$103,520
9 years$137,990$126,058$115,074$104,979$95,717$86,022
10 years$122,929$111,114$100,324$90,493$81,556$72,298
11 years$110,615$98,918$88,324$78,756$70,140$61,313
12 years$100,360$88,784$78,385$69,080$60,782$52,376
13 years$91,690$80,235$70,032$60,987$53,003$45,009
14 years$84,265$72,931$62,924$54,137$46,462$38,869
15 years$77,835$66,624$56,812$48,281$40,909$33,705
16 years$72,215$61,126$51,508$43,230$36,156$29,330
17 years$67,261$56,295$46,870$38,842$32,058$25,598
18 years$62,863$52,019$42,787$35,005$28,505$22,398
19 years$58,932$48,211$39,169$31,630$25,407$19,640
20 years$55,399$44,800$35,948$28,647$22,694$17,255
21 years$52,206$41,729$33,065$25,999$20,308$15,184
22 years$49,307$38,953$30,474$23,639$18,204$13,380
23 years$46,665$36,432$28,138$21,528$16,341$11,805
24 years$44,246$34,134$26,023$19,635$14,687$10,427
25 years$42,024$32,033$24,102$17,932$13,216$9,219
26 years$39,976$30,106$22,353$16,396$11,905$8,157
27 years$38,084$28,333$20,757$15,008$10,733$7,223
28 years$36,329$26,698$19,296$13,750$9,685$6,400
29 years$34,699$25,187$17,957$12,609$8,745$5,674
30 years$33,180$23,786$16,726$11,572$7,902$5,032
31 years$31,762$22,486$15,593$10,628$7,144$4,466
32 years$30,435$21,276$14,549$9,768$6,462$3,964
33 years$29,191$20,149$13,584$8,982$5,848$3,520
34 years$28,023$19,097$12,692$8,264$5,295$3,127
35 years$26,924$18,113$11,867$7,608$4,796$2,779
36 years$25,888$17,192$11,101$7,007$4,345$2,470
37 years$24,911$16,328$10,390$6,456$3,938$2,195
38 years$23,987$15,518$9,730$5,950$3,570$1,952
39 years$23,113$14,756$9,116$5,486$3,238$1,736
40 years$22,285$14,039$8,544$5,060$2,937$1,544
41 years$21,499$13,364$8,012$4,669$2,664$1,373
42 years$20,752$12,727$7,515$4,309$2,418$1,222
43 years$20,042$12,126$7,052$3,978$2,194$1,087
44 years$19,367$11,559$6,620$3,673$1,992$967
45 years$18,723$11,023$6,216$3,392$1,808$861
46 years$18,109$10,515$5,838$3,133$1,642$766
47 years$17,523$10,035$5,485$2,895$1,491$682
48 years$16,963$9,579$5,154$2,675$1,354$607
49 years$16,427$9,148$4,845$2,472$1,229$540
50 years$15,914$8,738$4,555$2,285$1,117$481

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $16,300,000, adding $6,398 every year, while hoping to spend $55,615 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: 86/8/6 Blend
62$16,300,000$16,300,000$16,300,000$16,300,000
63$17,969,200$17,105,300$16,852,650$19,509,661
64$19,742,884$17,884,285$17,358,039$21,293,489
65$21,695,620$18,699,577$17,878,496$23,245,003
66$23,845,613$19,552,896$18,414,465$25,387,620
67$26,212,922$20,446,044$18,966,405$27,740,531
68$28,819,650$21,380,911$19,534,790$30,324,871
69$31,690,154$22,359,476$20,120,106$33,163,919
70$34,851,274$23,383,813$20,722,853$36,283,318
71$38,332,582$24,456,099$21,343,547$39,711,309
72$42,166,668$25,578,610$21,982,719$43,479,002
73$46,389,442$26,753,735$22,640,913$47,620,664
74$51,040,474$27,983,978$23,318,693$52,174,042
75$56,163,370$29,271,960$24,016,637$57,180,719
76$61,806,180$30,620,432$24,735,340$62,686,498
77$68,021,852$32,032,275$25,475,416$68,741,842
78$74,868,732$33,510,508$26,237,494$75,402,339
79$82,411,117$35,058,298$27,022,225$82,729,229
80$90,719,858$36,678,961$27,830,275$90,789,980
81$99,873,028$38,375,974$28,662,334$99,658,918
82$109,956,663$40,152,984$29,519,109$109,417,932
83$121,065,572$42,013,809$30,401,328$120,157,239
84$133,304,230$43,962,455$31,309,742$131,976,235
85$146,787,764$46,003,118$32,245,121$144,984,430
86$161,643,044$48,140,199$33,208,261$159,302,479
87$178,009,874$50,378,309$34,199,978$175,063,316
88$196,042,318$52,722,282$35,221,113$192,413,406
89$215,910,147$55,177,186$36,272,533$211,514,126
90$237,800,447$57,748,333$37,355,128$232,543,283
91$261,919,382$60,441,292$38,469,815$255,696,786
92$288,494,143$63,261,899$39,617,537$281,190,498
93$317,775,088$66,216,274$40,799,266$309,262,260
94$350,038,106$69,310,831$42,016,002$340,174,143
95$385,587,227$72,552,295$43,268,771$374,214,906
96$424,757,483$75,947,716$44,558,634$411,702,725
97$467,918,076$79,504,484$45,886,678$452,988,189
98$515,475,862$83,230,347$47,254,024$498,457,604
99$567,879,192$87,133,426$48,661,826$548,536,633
100$625,622,143$91,222,237$50,111,270$603,694,312