Can I retire at age 63 with 16,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,290,348
2 years$670,444$657,958$645,856$634,123$622,742$605,229
3 years$442,523$429,982$417,912$406,289$395,093$378,022
4 years$328,585$316,083$304,133$292,708$281,784$265,286
5 years$260,239$247,813$236,019$224,828$214,208$198,331
6 years$214,691$202,358$190,739$179,797$169,495$154,258
7 years$182,169$169,940$158,505$147,821$137,845$123,254
8 years$157,789$145,670$134,425$124,003$114,356$100,409
9 years$138,836$126,832$115,780$105,623$96,304$82,995
10 years$123,683$111,796$100,940$91,048$82,056$69,376
11 years$111,293$99,525$88,866$79,239$70,571$58,507
12 years$100,976$89,329$78,866$69,503$61,155$49,694
13 years$92,252$80,727$70,462$61,361$53,328$42,455
14 years$84,782$73,379$63,310$54,470$46,747$36,445
15 years$78,313$67,033$57,160$48,577$41,160$31,412
16 years$72,658$61,501$51,824$43,496$36,377$27,165
17 years$67,674$56,640$47,158$39,081$32,255$23,559
18 years$63,249$52,338$43,049$35,219$28,679$20,481
19 years$59,294$48,506$39,409$31,824$25,563$17,843
20 years$55,738$45,075$36,168$28,823$22,833$15,572
21 years$52,526$41,985$33,268$26,158$20,433$13,611
22 years$49,610$39,192$30,661$23,784$18,315$11,913
23 years$46,951$36,655$28,310$21,660$16,441$10,439
24 years$44,517$34,343$26,182$19,756$14,777$9,156
25 years$42,282$32,230$24,250$18,042$13,297$8,038
26 years$40,222$30,291$22,491$16,497$11,978$7,062
27 years$38,317$28,507$20,885$15,100$10,799$6,208
28 years$36,552$26,862$19,415$13,835$9,744$5,461
29 years$34,912$25,341$18,067$12,687$8,799$4,806
30 years$33,383$23,932$16,829$11,643$7,950$4,232
31 years$31,956$22,624$15,689$10,693$7,188$3,728
32 years$30,621$21,407$14,638$9,827$6,502$3,285
33 years$29,370$20,273$13,668$9,037$5,884$2,895
34 years$28,195$19,214$12,770$8,315$5,327$2,552
35 years$27,089$18,224$11,939$7,654$4,825$2,251
36 years$26,047$17,297$11,169$7,049$4,372$1,985
37 years$25,064$16,428$10,454$6,495$3,962$1,751
38 years$24,134$15,613$9,790$5,987$3,592$1,545
39 years$23,255$14,846$9,172$5,520$3,258$1,364
40 years$22,421$14,125$8,597$5,091$2,955$1,204
41 years$21,631$13,446$8,061$4,698$2,681$1,062
42 years$20,880$12,805$7,562$4,335$2,432$938
43 years$20,165$12,201$7,096$4,002$2,208$828
44 years$19,486$11,630$6,660$3,695$2,004$731
45 years$18,838$11,090$6,254$3,413$1,819$645
46 years$18,220$10,580$5,874$3,152$1,652$570
47 years$17,630$10,096$5,518$2,912$1,500$503
48 years$17,067$9,638$5,186$2,691$1,362$444
49 years$16,528$9,204$4,874$2,487$1,237$392
50 years$16,012$8,792$4,582$2,299$1,124$347

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $16,400,000, adding $4,853 every year, while hoping to spend $56,465 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: 61/12/27 Blend
62$16,400,000$16,400,000$16,400,000$16,400,000
63$18,077,806$17,208,606$16,954,406$19,049,138
64$19,861,664$17,991,749$17,462,300$20,493,611
65$21,825,583$18,811,374$17,985,316$22,063,062
66$23,987,869$19,669,209$18,523,902$23,775,019
67$26,368,695$20,567,063$19,078,516$25,643,398
68$28,990,289$21,506,836$19,649,633$27,683,511
69$31,877,143$22,490,515$20,237,740$29,912,211
70$35,056,245$23,520,185$20,843,338$32,348,042
71$38,557,337$24,598,028$21,466,945$35,011,415
72$42,413,189$25,726,335$22,109,091$37,924,796
73$46,659,912$26,907,504$22,770,323$41,112,914
74$51,337,299$28,144,047$23,451,205$44,602,994
75$56,489,199$29,438,601$24,152,316$48,425,003
76$62,163,931$30,793,927$24,874,252$52,611,938
77$68,414,740$32,212,917$25,617,628$57,200,126
78$75,300,300$33,698,606$26,383,074$62,229,568
79$82,885,265$35,254,172$27,171,241$67,744,307
80$91,240,882$36,882,947$27,982,799$73,792,844
81$100,445,665$38,588,424$28,818,435$80,428,588
82$110,586,129$40,374,262$29,678,859$87,710,356
83$121,757,613$42,244,300$30,564,799$95,702,924
84$134,065,176$44,202,558$31,477,007$104,477,631
85$147,624,593$46,253,252$32,416,256$114,113,047
86$162,563,440$48,400,800$33,383,339$124,695,712
87$179,022,305$50,649,834$34,379,075$136,320,942
88$197,156,113$53,005,208$35,404,306$149,093,729
89$217,135,585$55,472,012$36,459,899$163,129,716
90$239,148,854$58,055,580$37,546,745$178,556,291
91$263,403,238$60,761,504$38,665,762$195,513,778
92$290,127,197$63,595,646$39,817,894$214,156,753
93$319,572,489$66,564,151$41,004,112$234,655,499
94$352,016,550$69,673,461$42,225,416$257,197,604
95$387,765,106$72,930,329$43,482,836$281,989,720
96$427,155,066$76,341,834$44,777,430$309,259,510
97$470,557,696$79,915,397$46,110,286$339,257,787
98$518,382,127$83,658,798$47,482,528$372,260,869
99$571,079,218$87,580,193$48,895,307$408,573,181
100$629,145,810$91,688,134$50,349,810$448,530,117