Can I retire at age 63 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$999,207$990,306$981,623$973,147$964,871$952,814
2 years$494,657$485,444$476,516$467,859$459,462$447,331
3 years$326,495$317,243$308,337$299,762$291,502$279,672
4 years$242,431$233,207$224,391$215,962$207,902$196,465
5 years$192,006$182,837$174,136$165,879$158,043$147,033
6 years$158,400$149,300$140,728$132,655$125,054$114,484
7 years$134,405$125,382$116,946$109,063$101,703$91,576
8 years$116,417$107,476$99,179$91,490$84,372$74,688
9 years$102,434$93,577$85,423$77,929$71,054$61,808
10 years$91,254$82,484$74,474$67,176$60,541$51,728
11 years$82,113$73,430$65,565$58,463$52,067$43,678
12 years$74,500$65,907$58,188$51,280$45,121$37,146
13 years$68,064$59,561$51,987$45,273$39,346$31,777
14 years$62,552$54,139$46,710$40,188$34,490$27,315
15 years$57,780$49,457$42,173$35,841$30,368$23,574
16 years$53,608$45,376$38,236$32,091$26,839$20,415
17 years$49,930$41,789$34,793$28,834$23,798$17,730
18 years$46,665$38,615$31,762$25,985$21,160$15,436
19 years$43,747$35,788$29,077$23,480$18,860$13,467
20 years$41,124$33,256$26,685$21,265$16,846$11,771
21 years$38,754$30,977$24,545$19,300$15,076$10,304
22 years$36,602$28,916$22,622$17,548$13,513$9,032
23 years$34,641$27,044$20,887$15,981$12,130$7,927
24 years$32,845$25,339$19,317$14,576$10,903$6,963
25 years$31,196$23,779$17,892$13,311$9,811$6,123
26 years$29,676$22,349$16,594$12,171$8,837$5,388
27 years$28,271$21,033$15,409$11,141$7,968$4,744
28 years$26,968$19,819$14,324$10,207$7,189$4,180
29 years$25,758$18,697$13,330$9,360$6,492$3,685
30 years$24,630$17,657$12,416$8,590$5,866$3,250
31 years$23,578$16,692$11,576$7,890$5,303$2,867
32 years$22,593$15,794$10,800$7,251$4,797$2,531
33 years$21,669$14,957$10,084$6,668$4,341$2,234
34 years$20,802$14,176$9,422$6,135$3,931$1,973
35 years$19,986$13,446$8,809$5,647$3,560$1,743
36 years$19,218$12,762$8,241$5,201$3,226$1,540
37 years$18,492$12,121$7,713$4,792$2,924$1,361
38 years$17,806$11,519$7,223$4,417$2,650$1,203
39 years$17,158$10,954$6,767$4,073$2,403$1,063
40 years$16,543$10,421$6,343$3,757$2,180$940
41 years$15,959$9,920$5,948$3,466$1,978$831
42 years$15,405$9,448$5,579$3,199$1,795$735
43 years$14,878$9,002$5,235$2,953$1,629$650
44 years$14,377$8,581$4,914$2,726$1,478$575
45 years$13,899$8,182$4,614$2,518$1,342$508
46 years$13,443$7,806$4,334$2,326$1,219$450
47 years$13,008$7,449$4,071$2,149$1,107$398
48 years$12,592$7,111$3,826$1,985$1,005$352
49 years$12,194$6,791$3,596$1,835$913$311
50 years$11,814$6,487$3,381$1,696$829$275

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,100,000, adding $2,485 every year, while hoping to spend $59,480 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: 34/41/25 Blend
62$12,100,000$12,100,000$12,100,000$12,100,000
63$13,336,763$12,695,463$12,507,913$13,688,781
64$14,633,827$13,254,255$12,863,642$14,511,164
65$16,061,197$13,838,433$13,229,294$15,391,822
66$17,632,103$14,449,181$13,605,140$16,340,324
67$19,361,121$15,087,733$13,991,455$17,362,736
68$21,264,310$15,755,387$14,388,523$18,465,705
69$23,359,368$16,453,499$14,796,637$19,656,521
70$25,665,794$17,183,491$15,216,094$20,943,179
71$28,205,073$17,946,851$15,647,203$22,334,449
72$31,000,883$18,745,139$16,090,276$23,839,954
73$34,079,310$19,579,988$16,545,637$25,470,255
74$37,469,102$20,453,109$17,013,618$27,236,943
75$41,201,934$21,366,294$17,494,558$29,152,747
76$45,312,710$22,321,422$17,988,805$31,231,642
77$49,839,894$23,320,459$18,496,717$33,488,977
78$54,825,866$24,365,465$19,018,660$35,941,614
79$60,317,331$25,458,599$19,555,011$38,608,076
80$66,365,750$26,602,122$20,106,156$41,508,718
81$73,027,834$27,798,403$20,672,490$44,665,909
82$80,366,073$29,049,925$21,254,418$48,104,237
83$88,449,329$30,359,287$21,852,357$51,850,727
84$97,353,482$31,729,215$22,466,733$55,935,094
85$107,162,153$33,162,562$23,097,984$60,390,008
86$117,967,485$34,662,319$23,746,559$65,251,397
87$129,871,016$36,231,621$24,412,916$70,558,773
88$142,984,639$37,873,750$25,097,528$76,355,592
89$157,431,655$39,592,146$25,800,879$82,689,658
90$173,347,939$41,390,416$26,523,463$89,613,560
91$190,883,218$43,272,336$27,265,788$97,185,153
92$210,202,490$45,241,864$28,028,376$105,468,097
93$231,487,577$47,303,149$28,811,759$114,532,438
94$254,938,842$49,460,536$29,616,486$124,455,260
95$280,777,082$51,718,580$30,443,116$135,321,393
96$309,245,609$54,082,055$31,292,225$147,224,205
97$340,612,547$56,555,961$32,164,400$160,266,460
98$375,173,365$59,145,542$33,060,246$174,561,274
99$413,253,664$61,856,289$33,980,380$190,233,167
100$455,212,251$64,693,961$34,925,436$207,419,217