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%18.9%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,253,169
2 years$666,356$653,946$641,918$630,257$618,945$572,485
3 years$439,824$427,361$415,363$403,811$392,684$347,840
4 years$326,581$314,155$302,278$290,923$280,066$237,179
5 years$258,653$246,302$234,580$223,457$212,901$172,086
6 years$213,382$201,124$189,576$178,700$168,462$129,747
7 years$181,058$168,903$157,538$146,919$137,004$100,382
8 years$156,827$144,781$133,605$123,247$113,658$79,096
9 years$137,990$126,058$115,074$104,979$95,717$63,170
10 years$122,929$111,114$100,324$90,493$81,556$50,968
11 years$110,615$98,918$88,324$78,756$70,140$41,448
12 years$100,360$88,784$78,385$69,080$60,782$33,916
13 years$91,690$80,235$70,032$60,987$53,003$27,890
14 years$84,265$72,931$62,924$54,137$46,462$23,026
15 years$77,835$66,624$56,812$48,281$40,909$19,071
16 years$72,215$61,126$51,508$43,230$36,156$15,837
17 years$67,261$56,295$46,870$38,842$32,058$13,179
18 years$62,863$52,019$42,787$35,005$28,505$10,987
19 years$58,932$48,211$39,169$31,630$25,407$9,173
20 years$55,399$44,800$35,948$28,647$22,694$7,668
21 years$52,206$41,729$33,065$25,999$20,308$6,416
22 years$49,307$38,953$30,474$23,639$18,204$5,373
23 years$46,665$36,432$28,138$21,528$16,341$4,503
24 years$44,246$34,134$26,023$19,635$14,687$3,776
25 years$42,024$32,033$24,102$17,932$13,216$3,167
26 years$39,976$30,106$22,353$16,396$11,905$2,658
27 years$38,084$28,333$20,757$15,008$10,733$2,232
28 years$36,329$26,698$19,296$13,750$9,685$1,874
29 years$34,699$25,187$17,957$12,609$8,745$1,574
30 years$33,180$23,786$16,726$11,572$7,902$1,323
31 years$31,762$22,486$15,593$10,628$7,144$1,111
32 years$30,435$21,276$14,549$9,768$6,462$934
33 years$29,191$20,149$13,584$8,982$5,848$785
34 years$28,023$19,097$12,692$8,264$5,295$660
35 years$26,924$18,113$11,867$7,608$4,796$555
36 years$25,888$17,192$11,101$7,007$4,345$466
37 years$24,911$16,328$10,390$6,456$3,938$392
38 years$23,987$15,518$9,730$5,950$3,570$330
39 years$23,113$14,756$9,116$5,486$3,238$277
40 years$22,285$14,039$8,544$5,060$2,937$233
41 years$21,499$13,364$8,012$4,669$2,664$196
42 years$20,752$12,727$7,515$4,309$2,418$165
43 years$20,042$12,126$7,052$3,978$2,194$139
44 years$19,367$11,559$6,620$3,673$1,992$117
45 years$18,723$11,023$6,216$3,392$1,808$98
46 years$18,109$10,515$5,838$3,133$1,642$82
47 years$17,523$10,035$5,485$2,895$1,491$69
48 years$16,963$9,579$5,154$2,675$1,354$58
49 years$16,427$9,148$4,845$2,472$1,229$49
50 years$15,914$8,738$4,555$2,285$1,117$41

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 $2,104 every year, while hoping to spend $27,655 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: 41/40/19 Blend
62$16,300,000$16,300,000$16,300,000$16,300,000
63$17,964,770$17,100,870$16,848,220$18,600,621
64$19,767,752$17,909,388$17,383,211$19,861,694
65$21,753,711$18,756,597$17,935,197$21,222,932
66$23,941,282$19,644,362$18,504,718$22,695,726
67$26,350,999$20,574,642$19,092,333$24,290,283
68$29,005,490$21,549,488$19,698,615$26,017,802
69$31,929,689$22,571,053$20,324,158$27,890,569
70$35,151,075$23,641,592$20,969,574$29,922,064
71$38,699,925$24,763,471$21,635,496$32,127,085
72$42,609,607$25,939,170$22,322,574$34,521,877
73$46,916,888$27,171,291$23,031,482$37,124,276
74$51,662,287$28,462,560$23,762,912$39,953,869
75$56,890,452$29,815,837$24,517,582$43,032,170
76$62,650,587$31,234,122$25,296,229$46,382,813
77$68,996,910$32,720,557$26,099,617$50,031,766
78$75,989,171$34,278,441$26,928,530$54,007,561
79$83,693,212$35,911,230$27,783,781$58,341,558
80$92,181,590$37,622,550$28,666,208$63,068,224
81$101,534,259$39,416,202$29,576,673$68,225,450
82$111,839,330$41,296,173$30,516,068$73,854,894
83$123,193,899$43,266,642$31,485,314$80,002,360
84$135,704,963$45,331,994$32,485,358$86,718,217
85$149,490,432$47,496,825$33,517,180$94,057,861
86$164,680,241$49,765,954$34,581,791$102,082,220
87$181,417,577$52,144,437$35,680,232$110,858,314
88$199,860,229$54,637,574$36,813,579$120,459,872
89$220,182,081$57,250,924$37,982,943$130,968,007
90$242,574,749$59,990,315$39,189,467$142,471,966
91$267,249,394$62,861,860$40,434,334$155,069,954
92$294,438,711$65,871,970$41,718,763$168,870,035
93$324,399,129$69,027,366$43,044,011$183,991,137
94$357,413,231$72,335,099$44,411,377$200,564,151
95$393,792,422$75,802,560$45,822,200$218,733,139
96$433,879,866$79,437,502$47,277,860$238,656,675
97$478,053,729$83,248,056$48,779,785$260,509,313
98$526,730,746$87,242,748$50,329,445$284,483,210
99$580,370,159$91,430,519$51,928,358$310,789,909
100$639,478,047$95,820,747$53,578,090$339,662,310