Can I retire at age 63 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$951,710
2 years$502,833$493,468$484,392$475,592$467,057$437,971
3 years$331,892$322,487$313,434$304,717$296,320$268,168
4 years$246,438$237,062$228,100$219,531$211,338$184,337
5 years$195,180$185,859$177,015$168,621$160,656$134,878
6 years$161,018$151,768$143,054$134,848$127,121$102,591
7 years$136,627$127,455$118,879$110,866$103,384$80,099
8 years$118,342$109,252$100,818$93,002$85,767$63,714
9 years$104,127$95,124$86,835$79,217$72,228$51,385
10 years$92,762$83,847$75,705$68,286$61,542$41,879
11 years$83,470$74,644$66,649$59,429$52,928$34,411
12 years$75,732$66,996$59,149$52,128$45,866$28,459
13 years$69,189$60,545$52,846$46,021$39,996$23,658
14 years$63,586$55,034$47,482$40,852$35,061$19,751
15 years$58,735$50,274$42,870$36,433$30,870$16,545
16 years$54,494$46,126$38,868$32,622$27,283$13,899
17 years$50,755$42,480$35,369$29,310$24,191$11,703
18 years$47,436$39,254$32,287$26,415$21,510$9,874
19 years$44,470$36,380$29,557$23,868$19,172$8,344
20 years$41,804$33,806$27,126$21,617$17,125$7,060
21 years$39,395$31,489$24,951$19,619$15,325$5,981
22 years$37,207$29,394$22,996$17,838$13,736$5,072
23 years$35,213$27,491$21,233$16,245$12,331$4,304
24 years$33,388$25,758$19,637$14,817$11,083$3,655
25 years$31,711$24,172$18,187$13,531$9,973$3,106
26 years$30,166$22,718$16,868$12,372$8,983$2,641
27 years$28,738$21,380$15,663$11,325$8,099$2,246
28 years$27,414$20,147$14,561$10,376$7,308$1,911
29 years$26,184$19,006$13,550$9,515$6,599$1,626
30 years$25,037$17,949$12,622$8,732$5,963$1,384
31 years$23,967$16,968$11,767$8,020$5,391$1,179
32 years$22,966$16,055$10,979$7,371$4,876$1,004
33 years$22,027$15,204$10,251$6,778$4,413$855
34 years$21,146$14,410$9,578$6,236$3,996$728
35 years$20,317$13,668$8,955$5,741$3,619$621
36 years$19,535$12,973$8,377$5,287$3,279$529
37 years$18,798$12,321$7,841$4,871$2,972$451
38 years$18,101$11,710$7,342$4,490$2,694$384
39 years$17,441$11,135$6,879$4,140$2,443$327
40 years$16,816$10,594$6,448$3,819$2,216$279
41 years$16,223$10,084$6,046$3,523$2,010$238
42 years$15,660$9,604$5,671$3,251$1,824$203
43 years$15,124$9,151$5,322$3,001$1,656$173
44 years$14,614$8,722$4,995$2,771$1,503$147
45 years$14,128$8,318$4,690$2,559$1,364$125
46 years$13,665$7,935$4,405$2,364$1,239$107
47 years$13,223$7,572$4,139$2,184$1,125$91
48 years$12,800$7,229$3,889$2,018$1,022$78
49 years$12,396$6,903$3,656$1,865$928$66
50 years$12,009$6,594$3,437$1,724$843$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,300,000, adding $4,899 every year, while hoping to spend $42,656 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: 53/19/28 Blend
62$12,300,000$12,300,000$12,300,000$12,300,000
63$13,559,653$12,907,753$12,717,103$14,172,003
64$14,897,352$13,494,848$13,097,741$15,184,132
65$16,370,067$14,109,280$13,489,700$16,280,277
66$17,991,524$14,752,345$13,893,315$17,472,380
67$19,776,848$15,425,398$14,308,930$18,769,644
68$21,742,706$16,129,863$14,736,898$20,182,190
69$23,907,464$16,867,227$15,177,586$21,721,146
70$26,291,357$17,639,053$15,631,367$23,398,752
71$28,916,685$18,446,977$16,098,628$25,228,469
72$31,808,021$19,292,712$16,579,765$27,225,107
73$34,992,440$20,178,056$17,075,189$29,404,956
74$38,499,780$21,104,893$17,585,319$31,785,940
75$42,362,920$22,075,194$18,110,589$34,387,780
76$46,618,089$23,091,030$18,651,445$37,232,180
77$51,305,211$24,154,567$19,208,345$40,343,020
78$56,468,279$25,268,078$19,781,761$43,746,587
79$62,155,774$26,433,944$20,372,181$47,471,810
80$68,421,116$27,654,661$20,980,102$51,550,533
81$75,323,176$28,932,844$21,606,041$56,017,810
82$82,926,823$30,271,237$22,250,527$60,912,228
83$91,303,544$31,672,713$22,914,104$66,276,272
84$100,532,113$33,140,283$23,597,334$72,156,712
85$110,699,338$34,677,106$24,300,794$78,605,046
86$121,900,877$36,286,492$25,025,078$85,677,976
87$134,242,145$37,971,908$25,770,797$93,437,940
88$147,839,305$39,736,993$26,538,580$101,953,689
89$162,820,366$41,585,557$27,329,074$111,300,937
90$179,326,391$43,521,597$28,142,945$121,563,062
91$197,512,828$45,549,300$28,980,879$132,831,888
92$217,550,979$47,673,059$29,843,581$145,208,546
93$239,629,614$49,897,474$30,731,776$158,804,416
94$263,956,756$52,227,371$31,646,212$173,742,173
95$290,761,641$54,667,809$32,587,656$190,156,937
96$320,296,885$57,224,088$33,556,900$208,197,535
97$352,840,868$59,901,768$34,554,756$228,027,902
98$388,700,358$62,706,677$35,582,062$249,828,613
99$428,213,412$65,644,922$36,639,679$273,798,581
100$471,752,565$68,722,908$37,728,493$300,156,921