Can I retire at age 63 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$967,938
2 years$515,097$505,504$496,207$487,192$478,448$441,779
3 years$339,987$330,352$321,079$312,149$303,547$268,165
4 years$252,449$242,844$233,663$224,886$216,493$182,668
5 years$199,940$190,393$181,332$172,734$164,574$132,395
6 years$164,946$155,470$146,543$138,137$130,222$99,712
7 years$139,959$130,563$121,778$113,570$105,905$77,056
8 years$121,228$111,917$103,277$95,271$87,859$60,645
9 years$106,667$97,444$88,953$81,150$73,990$48,375
10 years$95,025$85,892$77,551$69,952$63,043$38,981
11 years$85,506$76,465$68,275$60,879$54,219$31,659
12 years$77,579$68,630$60,592$53,399$46,985$25,871
13 years$70,877$62,022$54,135$47,143$40,972$21,246
14 years$65,137$56,376$48,641$41,849$35,916$17,516
15 years$60,167$51,501$43,916$37,322$31,623$14,487
16 years$55,823$47,251$39,816$33,417$27,949$12,012
17 years$51,993$43,516$36,231$30,025$24,781$9,982
18 years$48,593$40,211$33,074$27,059$22,034$8,309
19 years$45,555$37,267$30,278$24,450$19,640$6,927
20 years$42,823$34,630$27,788$22,144$17,542$5,781
21 years$40,355$32,257$25,559$20,097$15,698$4,830
22 years$38,115$30,111$23,557$18,273$14,071$4,038
23 years$36,072$28,162$21,751$16,642$12,631$3,379
24 years$34,202$26,386$20,116$15,178$11,353$2,829
25 years$32,485$24,762$18,631$13,862$10,216$2,369
26 years$30,902$23,272$17,279$12,674$9,202$1,985
27 years$29,439$21,902$16,045$11,601$8,297$1,664
28 years$28,083$20,638$14,916$10,629$7,486$1,395
29 years$26,822$19,470$13,881$9,747$6,760$1,170
30 years$25,648$18,387$12,930$8,945$6,108$981
31 years$24,552$17,382$12,054$8,216$5,522$823
32 years$23,526$16,447$11,246$7,550$4,995$691
33 years$22,565$15,575$10,501$6,943$4,521$580
34 years$21,662$14,762$9,811$6,388$4,093$486
35 years$20,812$14,001$9,173$5,881$3,707$408
36 years$20,012$13,289$8,581$5,416$3,359$343
37 years$19,256$12,622$8,032$4,990$3,044$288
38 years$18,542$11,995$7,521$4,600$2,760$241
39 years$17,867$11,406$7,047$4,241$2,503$203
40 years$17,226$10,852$6,605$3,912$2,270$170
41 years$16,619$10,330$6,193$3,609$2,060$143
42 years$16,042$9,838$5,810$3,331$1,869$120
43 years$15,493$9,374$5,451$3,075$1,696$101
44 years$14,971$8,935$5,117$2,839$1,540$85
45 years$14,473$8,520$4,805$2,622$1,398$71
46 years$13,998$8,128$4,513$2,422$1,269$60
47 years$13,545$7,757$4,240$2,237$1,152$50
48 years$13,112$7,405$3,984$2,068$1,046$42
49 years$12,698$7,071$3,745$1,911$950$35
50 years$12,302$6,755$3,521$1,766$863$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,600,000, adding $2,431 every year, while hoping to spend $49,423 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: 54/19/27 Blend
62$12,600,000$12,600,000$12,600,000$12,600,000
63$13,887,708$13,219,908$13,024,608$14,533,424
64$15,251,668$13,815,097$13,408,346$15,574,843
65$16,753,096$14,437,795$13,803,284$16,702,750
66$18,405,961$15,089,296$14,209,743$17,929,733
67$20,225,656$15,770,958$14,628,056$19,265,317
68$22,229,142$16,484,204$15,058,565$20,719,973
69$24,435,108$17,230,524$15,501,620$22,305,219
70$26,864,148$18,011,479$15,957,584$24,033,720
71$29,538,955$18,828,705$16,426,827$25,919,413
72$32,484,534$19,683,918$16,909,732$27,977,624
73$35,728,440$20,578,913$17,406,691$30,225,218
74$39,301,034$21,515,573$17,918,108$32,680,753
75$43,235,774$22,495,870$18,444,399$35,364,646
76$47,569,528$23,521,873$18,985,991$38,299,368
77$52,342,921$24,595,746$19,543,323$41,509,649
78$57,600,721$25,719,760$20,116,847$45,022,709
79$63,392,260$26,896,293$20,707,026$48,868,507
80$69,771,898$28,127,839$21,314,339$53,080,023
81$76,799,538$29,417,010$21,939,277$57,693,561
82$84,541,192$30,766,544$22,582,343$62,749,091
83$93,069,599$32,179,310$23,244,057$68,290,614
84$102,464,917$33,658,316$23,924,952$74,366,581
85$112,815,478$35,206,712$24,625,577$81,030,336
86$124,218,619$36,827,804$25,346,497$88,340,619
87$136,781,604$38,525,051$26,088,289$96,362,112
88$150,622,632$40,302,083$26,851,552$105,166,044
89$165,871,958$42,162,703$27,636,897$114,830,856
90$182,673,119$44,110,897$28,444,954$125,442,934
91$201,184,288$46,150,842$29,276,371$137,097,417
92$221,579,770$48,286,917$30,131,813$149,899,089
93$244,051,643$50,523,713$31,011,966$163,963,359
94$268,811,575$52,866,040$31,917,531$179,417,342
95$296,092,821$55,318,940$32,849,233$196,401,048
96$326,152,421$57,887,701$33,807,815$215,068,700
97$359,273,631$60,577,862$34,794,041$235,590,176
98$395,768,596$63,395,231$35,808,695$258,152,602
99$435,981,292$66,345,897$36,852,586$282,962,112
100$480,290,778$69,436,240$37,926,542$310,245,779