Can I retire at age 63 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$981,872
2 years$511,009$501,492$492,268$483,326$474,651$459,678
3 years$337,289$327,731$318,530$309,671$301,138$286,553
4 years$250,446$240,917$231,808$223,101$214,774$200,689
5 years$198,353$188,882$179,893$171,363$163,268$149,724
6 years$163,636$154,236$145,380$137,040$129,188$116,201
7 years$138,848$129,527$120,812$112,668$105,065$92,639
8 years$120,266$111,029$102,458$94,515$87,161$75,295
9 years$105,820$96,670$88,247$80,506$73,402$62,089
10 years$94,271$85,210$76,936$69,397$62,543$51,774
11 years$84,827$75,858$67,733$60,396$53,789$43,554
12 years$76,963$68,086$60,111$52,975$46,612$36,899
13 years$70,314$61,530$53,705$46,769$40,647$31,441
14 years$64,620$55,929$48,255$41,516$35,631$26,919
15 years$59,690$51,092$43,567$37,025$31,372$23,138
16 years$55,380$46,876$39,500$33,152$27,727$19,954
17 years$51,581$43,171$35,944$29,787$24,584$17,256
18 years$48,208$39,892$32,812$26,844$21,859$14,959
19 years$45,193$36,971$30,038$24,256$19,484$12,994
20 years$42,484$34,356$27,567$21,968$17,403$11,306
21 years$40,035$32,001$25,356$19,938$15,574$9,853
22 years$37,812$29,872$23,370$18,128$13,960$8,597
23 years$35,786$27,938$21,578$16,509$12,531$7,510
24 years$33,931$26,176$19,956$15,058$11,263$6,567
25 years$32,227$24,565$18,483$13,752$10,135$5,747
26 years$30,657$23,087$17,142$12,574$9,129$5,033
27 years$29,205$21,728$15,918$11,509$8,231$4,411
28 years$27,860$20,474$14,798$10,545$7,427$3,867
29 years$26,609$19,315$13,771$9,670$6,706$3,392
30 years$25,445$18,241$12,827$8,874$6,060$2,977
31 years$24,357$17,244$11,958$8,150$5,478$2,614
32 years$23,340$16,316$11,157$7,490$4,956$2,296
33 years$22,386$15,452$10,418$6,888$4,485$2,017
34 years$21,490$14,645$9,734$6,338$4,061$1,772
35 years$20,647$13,890$9,100$5,834$3,678$1,557
36 years$19,853$13,184$8,513$5,373$3,332$1,369
37 years$19,103$12,522$7,968$4,951$3,020$1,204
38 years$18,395$11,900$7,462$4,563$2,738$1,058
39 years$17,725$11,316$6,991$4,207$2,483$931
40 years$17,089$10,766$6,552$3,881$2,252$819
41 years$16,487$10,248$6,144$3,580$2,043$720
42 years$15,914$9,760$5,763$3,304$1,854$634
43 years$15,370$9,299$5,408$3,050$1,683$557
44 years$14,852$8,864$5,077$2,816$1,527$490
45 years$14,358$8,453$4,767$2,601$1,387$431
46 years$13,887$8,064$4,477$2,403$1,259$380
47 years$13,438$7,695$4,206$2,220$1,143$334
48 years$13,008$7,346$3,953$2,051$1,038$294
49 years$12,597$7,015$3,715$1,896$943$259
50 years$12,204$6,701$3,493$1,752$856$228

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,500,000, adding $3,307 every year, while hoping to spend $21,326 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: 60/35/5 Blend
62$12,500,000$12,500,000$12,500,000$12,500,000
63$13,778,411$13,115,911$12,922,161$14,593,272
64$15,161,118$13,735,900$13,332,363$15,758,433
65$16,684,147$14,385,554$13,755,592$17,025,907
66$18,361,787$15,066,303$14,192,261$18,407,724
67$20,209,786$15,779,649$14,642,799$19,914,868
68$22,245,497$16,527,164$15,107,645$21,559,414
69$24,488,041$17,310,498$15,587,254$23,354,634
70$26,958,489$18,131,381$16,082,096$25,315,119
71$29,680,063$18,991,626$16,592,653$27,456,915
72$32,678,349$19,893,135$17,119,427$29,797,663
73$35,981,544$20,837,903$17,662,931$32,356,765
74$39,620,720$21,828,018$18,223,698$35,155,563
75$43,630,117$22,865,675$18,802,276$38,217,528
76$48,047,468$23,953,172$19,399,230$41,568,483
77$52,914,351$25,092,919$20,015,146$45,236,834
78$58,276,587$26,287,444$20,650,625$49,253,838
79$64,184,667$27,539,397$21,306,290$53,653,885
80$70,694,234$28,851,558$21,982,781$58,474,819
81$77,866,602$30,226,840$22,680,760$63,758,286
82$85,769,340$31,668,301$23,400,911$69,550,120
83$94,476,909$33,179,144$24,143,938$75,900,766
84$104,071,362$34,762,730$24,910,568$82,865,751
85$114,643,120$36,422,582$25,701,550$90,506,192
86$126,291,826$38,162,397$26,517,660$98,889,372
87$139,127,285$39,986,048$27,359,695$108,089,356
88$153,270,504$41,897,599$28,228,480$118,187,690
89$168,854,825$43,901,312$29,124,865$129,274,147
90$186,027,196$46,001,655$30,049,726$141,447,576
91$204,949,548$48,203,313$31,003,970$154,816,813
92$225,800,328$50,511,202$31,988,529$169,501,699
93$248,776,184$52,930,474$33,004,367$185,634,201
94$274,093,821$55,466,533$34,052,480$203,359,638
95$301,992,044$58,125,047$35,133,891$222,838,043
96$332,734,017$60,911,958$36,249,661$244,245,657
97$366,609,743$63,833,500$37,400,881$267,776,575
98$403,938,803$66,896,208$38,588,677$293,644,562
99$445,073,376$70,106,938$39,814,213$322,085,055
100$490,401,560$73,472,877$41,078,688$353,357,365