Can I retire at age 63 with 12,400,000?

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 $12,400,000?

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%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$956,376
2 years$506,921$497,480$488,330$479,459$470,854$438,503
3 years$334,590$325,109$315,982$307,194$298,729$267,461
4 years$248,442$238,989$229,954$221,316$213,056$183,109
5 years$196,766$187,371$178,454$169,992$161,962$133,417
6 years$162,327$153,002$144,217$135,944$128,155$101,035
7 years$137,738$128,491$119,845$111,767$104,224$78,526
8 years$119,304$110,140$101,638$93,759$86,464$62,169
9 years$104,974$95,897$87,541$79,861$72,815$49,895
10 years$93,517$84,529$76,320$68,841$62,042$40,460
11 years$84,149$75,251$67,191$59,913$53,358$33,075
12 years$76,348$67,541$59,630$52,551$46,239$27,209
13 years$69,752$61,037$53,276$46,395$40,322$22,497
14 years$64,103$55,481$47,869$41,184$35,346$18,677
15 years$59,212$50,683$43,219$36,729$31,121$15,557
16 years$54,937$46,501$39,184$32,887$27,505$12,994
17 years$51,168$42,826$35,656$29,549$24,388$10,877
18 years$47,822$39,573$32,549$26,629$21,684$9,122
19 years$44,832$36,676$29,797$24,062$19,328$7,662
20 years$42,144$34,081$27,347$21,793$17,264$6,444
21 years$39,715$31,745$25,154$19,778$15,449$5,426
22 years$37,510$29,633$23,183$17,983$13,848$4,572
23 years$35,499$27,715$21,405$16,377$12,431$3,856
24 years$33,659$25,967$19,796$14,937$11,173$3,254
25 years$31,969$24,369$18,335$13,641$10,054$2,747
26 years$30,411$22,903$17,005$12,473$9,056$2,321
27 years$28,972$21,554$15,791$11,417$8,165$1,961
28 years$27,637$20,310$14,680$10,460$7,368$1,657
29 years$26,397$19,160$13,661$9,592$6,653$1,401
30 years$25,241$18,095$12,724$8,803$6,011$1,185
31 years$24,162$17,106$11,863$8,085$5,435$1,002
32 years$23,153$16,186$11,068$7,431$4,916$848
33 years$22,207$15,328$10,334$6,833$4,449$718
34 years$21,318$14,527$9,656$6,287$4,028$607
35 years$20,482$13,779$9,027$5,787$3,648$514
36 years$19,694$13,078$8,445$5,330$3,306$435
37 years$18,951$12,421$7,904$4,911$2,996$368
38 years$18,248$11,805$7,402$4,527$2,716$312
39 years$17,583$11,225$6,935$4,174$2,463$264
40 years$16,953$10,680$6,500$3,850$2,234$223
41 years$16,355$10,166$6,095$3,552$2,027$189
42 years$15,787$9,682$5,717$3,278$1,839$160
43 years$15,247$9,225$5,365$3,026$1,669$135
44 years$14,733$8,793$5,036$2,794$1,515$115
45 years$14,243$8,385$4,729$2,580$1,375$97
46 years$13,776$7,999$4,441$2,383$1,249$82
47 years$13,330$7,634$4,172$2,202$1,134$70
48 years$12,904$7,287$3,921$2,035$1,030$59
49 years$12,497$6,959$3,685$1,880$935$50
50 years$12,107$6,648$3,465$1,738$850$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,400,000, adding $6,014 every year, while hoping to spend $41,490 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: 65/21/14 Blend
62$12,400,000$12,400,000$12,400,000$12,400,000
63$13,671,003$13,013,803$12,821,603$14,514,004
64$15,021,301$13,607,335$13,206,982$15,671,824
65$16,507,938$14,228,559$13,603,880$16,931,092
66$18,144,778$14,878,788$14,012,640$18,306,059
67$19,947,095$15,559,399$14,433,614$19,808,022
68$21,931,723$16,271,834$14,867,165$21,449,408
69$24,117,209$17,017,604$15,313,665$23,243,889
70$26,523,991$17,798,293$15,773,499$25,206,510
71$29,174,589$18,615,560$16,247,062$27,353,825
72$32,093,821$19,471,146$16,734,762$29,704,054
73$35,309,032$20,366,874$17,237,018$32,277,246
74$38,850,356$21,304,654$17,754,262$35,095,469
75$42,750,999$22,286,489$18,286,936$38,183,015
76$47,047,552$23,314,478$18,835,500$41,566,622
77$51,780,336$24,390,820$19,400,422$45,275,725
78$56,993,782$25,517,823$19,982,189$49,342,730
79$62,736,854$26,697,902$20,581,298$53,803,311
80$69,063,504$27,933,590$21,198,262$58,696,749
81$76,033,189$29,227,544$21,833,612$64,066,293
82$83,711,426$30,582,545$22,487,889$69,959,567
83$92,170,413$32,001,511$23,161,655$76,429,007
84$101,489,709$33,487,499$23,855,484$83,532,362
85$111,756,988$35,043,715$24,569,972$91,333,222
86$123,068,863$36,673,519$25,305,728$99,901,621
87$135,531,797$38,380,432$26,063,380$109,314,685
88$149,263,113$40,168,146$26,843,576$119,657,359
89$164,392,096$42,040,530$27,646,981$131,023,200
90$181,061,216$44,001,642$28,474,281$143,515,251
91$199,427,472$46,055,734$29,326,181$157,247,010
92$219,663,873$48,207,264$30,203,407$172,343,492
93$241,961,073$50,460,905$31,106,706$188,942,399
94$266,529,169$52,821,556$32,036,848$207,195,414
95$293,599,685$55,294,354$32,994,623$227,269,624
96$323,427,757$57,884,681$33,980,847$249,349,087
97$356,294,541$60,598,183$34,996,357$273,636,561
98$392,509,866$63,440,776$36,042,018$300,355,405
99$432,415,164$66,418,666$37,118,717$329,751,681
100$476,386,685$69,538,354$38,227,368$362,096,463