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

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,265,390
2 years$670,444$657,958$645,856$634,123$622,742$580,454
3 years$442,523$429,982$417,912$406,289$395,093$354,213
4 years$328,585$316,083$304,133$292,708$281,784$242,624
5 years$260,239$247,813$236,019$224,828$214,208$176,874
6 years$214,691$202,358$190,739$179,797$169,495$134,018
7 years$182,169$169,940$158,505$147,821$137,845$104,220
8 years$157,789$145,670$134,425$124,003$114,356$82,560
9 years$138,836$126,832$115,780$105,623$96,304$66,300
10 years$123,683$111,796$100,940$91,048$82,056$53,798
11 years$111,293$99,525$88,866$79,239$70,571$44,006
12 years$100,976$89,329$78,866$69,503$61,155$36,225
13 years$92,252$80,727$70,462$61,361$53,328$29,972
14 years$84,782$73,379$63,310$54,470$46,747$24,900
15 years$78,313$67,033$57,160$48,577$41,160$20,756
16 years$72,658$61,501$51,824$43,496$36,377$17,349
17 years$67,674$56,640$47,158$39,081$32,255$14,533
18 years$63,249$52,338$43,049$35,219$28,679$12,198
19 years$59,294$48,506$39,409$31,824$25,563$10,253
20 years$55,738$45,075$36,168$28,823$22,833$8,630
21 years$52,526$41,985$33,268$26,158$20,433$7,271
22 years$49,610$39,192$30,661$23,784$18,315$6,132
23 years$46,951$36,655$28,310$21,660$16,441$5,176
24 years$44,517$34,343$26,182$19,756$14,777$4,371
25 years$42,282$32,230$24,250$18,042$13,297$3,693
26 years$40,222$30,291$22,491$16,497$11,978$3,122
27 years$38,317$28,507$20,885$15,100$10,799$2,641
28 years$36,552$26,862$19,415$13,835$9,744$2,234
29 years$34,912$25,341$18,067$12,687$8,799$1,890
30 years$33,383$23,932$16,829$11,643$7,950$1,600
31 years$31,956$22,624$15,689$10,693$7,188$1,354
32 years$30,621$21,407$14,638$9,827$6,502$1,147
33 years$29,370$20,273$13,668$9,037$5,884$971
34 years$28,195$19,214$12,770$8,315$5,327$822
35 years$27,089$18,224$11,939$7,654$4,825$697
36 years$26,047$17,297$11,169$7,049$4,372$590
37 years$25,064$16,428$10,454$6,495$3,962$500
38 years$24,134$15,613$9,790$5,987$3,592$423
39 years$23,255$14,846$9,172$5,520$3,258$359
40 years$22,421$14,125$8,597$5,091$2,955$304
41 years$21,631$13,446$8,061$4,698$2,681$258
42 years$20,880$12,805$7,562$4,335$2,432$218
43 years$20,165$12,201$7,096$4,002$2,208$185
44 years$19,486$11,630$6,660$3,695$2,004$157
45 years$18,838$11,090$6,254$3,413$1,819$133
46 years$18,220$10,580$5,874$3,152$1,652$112
47 years$17,630$10,096$5,518$2,912$1,500$95
48 years$17,067$9,638$5,186$2,691$1,362$81
49 years$16,528$9,204$4,874$2,487$1,237$68
50 years$16,012$8,792$4,582$2,299$1,124$58

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 $5,919 every year, while hoping to spend $59,565 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: 75/17/8 Blend
62$16,400,000$16,400,000$16,400,000$16,400,000
63$18,078,905$17,209,705$16,955,505$19,412,569
64$19,859,577$17,989,604$17,460,138$21,071,177
65$21,819,881$18,805,722$17,979,680$22,880,037
66$23,978,076$19,659,770$18,514,567$24,860,492
67$26,354,284$20,553,542$19,065,248$27,029,530
68$28,970,673$21,488,918$19,632,187$29,405,848
69$31,851,674$22,467,868$20,215,857$32,010,027
70$35,024,207$23,492,455$20,816,750$34,864,725
71$38,517,932$24,564,841$21,435,368$37,994,886
72$42,365,537$25,687,295$22,072,229$41,427,972
73$46,603,040$26,862,190$22,727,866$45,194,219
74$51,270,128$28,092,016$23,402,828$49,326,919
75$56,410,538$29,379,381$24,097,679$53,862,731
76$62,072,461$30,727,018$24,812,999$58,842,023
77$68,309,003$32,137,794$25,549,386$64,309,248
78$75,178,686$33,614,710$26,307,455$70,313,357
79$82,745,994$35,160,913$27,087,837$76,908,263
80$91,081,988$36,779,701$27,891,182$84,153,340
81$100,264,975$38,474,530$28,718,161$92,113,979
82$110,381,245$40,249,024$29,569,461$100,862,203
83$121,525,884$42,106,979$30,445,791$110,477,337
84$133,803,679$44,052,375$31,347,879$121,046,756
85$147,330,096$46,089,384$32,276,475$132,666,701
86$162,232,379$48,222,377$33,232,350$145,443,181
87$178,650,745$50,455,936$34,216,297$159,492,969
88$196,739,710$52,794,866$35,229,132$174,944,698
89$216,669,547$55,244,201$36,271,695$191,940,065
90$238,627,893$57,809,219$37,344,848$210,635,165
91$262,821,518$60,495,451$38,449,481$231,201,955
92$289,478,281$63,308,697$39,586,507$253,829,869
93$318,849,277$66,255,034$40,756,866$278,727,598
94$351,211,206$69,340,834$41,961,525$306,125,054
95$386,868,991$72,572,776$43,201,477$336,275,528
96$426,158,648$75,957,862$44,477,747$369,458,071
97$469,450,465$79,503,432$45,791,385$405,980,121
98$517,152,491$83,217,179$47,143,476$446,180,395
99$569,714,393$87,107,169$48,535,130$490,432,073
100$627,631,698$91,181,857$49,967,494$539,146,310