Can I retire at age 63 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$978,732
2 years$519,185$509,516$500,145$491,059$482,246$448,343
3 years$342,685$332,974$323,627$314,626$305,956$273,199
4 years$254,453$244,771$235,517$226,670$218,211$186,849
5 years$201,527$191,904$182,771$174,105$165,880$135,998
6 years$166,255$156,704$147,706$139,233$131,255$102,877
7 years$141,070$131,600$122,745$114,471$106,746$79,866
8 years$122,190$112,805$104,097$96,027$88,556$63,155
9 years$107,513$98,217$89,659$81,794$74,577$50,624
10 years$95,779$86,574$78,167$70,507$63,543$41,001
11 years$86,184$77,071$68,817$61,362$54,649$33,473
12 years$78,195$69,175$61,073$53,823$47,358$27,500
13 years$71,439$62,514$54,565$47,517$41,297$22,707
14 years$65,654$56,824$49,027$42,181$36,201$18,825
15 years$60,645$51,909$44,264$37,618$31,874$15,658
16 years$56,266$47,626$40,132$33,683$28,170$13,059
17 years$52,406$43,862$36,519$30,264$24,978$10,916
18 years$48,979$40,530$33,337$27,274$22,209$9,141
19 years$45,916$37,563$30,518$24,644$19,795$7,667
20 years$43,163$34,905$28,008$22,320$17,682$6,438
21 years$40,676$32,513$25,762$20,257$15,823$5,412
22 years$38,417$30,350$23,744$18,418$14,183$4,554
23 years$36,358$28,385$21,923$16,774$12,732$3,834
24 years$34,474$26,595$20,275$15,299$11,443$3,230
25 years$32,743$24,958$18,779$13,972$10,297$2,723
26 years$31,147$23,457$17,417$12,775$9,276$2,296
27 years$29,672$22,076$16,173$11,693$8,363$1,937
28 years$28,306$20,802$15,035$10,713$7,546$1,635
29 years$27,035$19,624$13,991$9,824$6,814$1,380
30 years$25,852$18,533$13,032$9,016$6,157$1,165
31 years$24,747$17,520$12,150$8,281$5,566$984
32 years$23,713$16,577$11,336$7,610$5,035$831
33 years$22,744$15,699$10,584$6,998$4,557$702
34 years$21,834$14,879$9,889$6,439$4,126$593
35 years$20,977$14,112$9,246$5,927$3,737$501
36 years$20,171$13,395$8,649$5,459$3,386$423
37 years$19,409$12,722$8,095$5,030$3,068$358
38 years$18,689$12,090$7,581$4,636$2,782$302
39 years$18,008$11,497$7,103$4,275$2,523$255
40 years$17,363$10,938$6,657$3,943$2,288$216
41 years$16,751$10,412$6,242$3,638$2,076$182
42 years$16,169$9,916$5,856$3,357$1,884$154
43 years$15,616$9,448$5,495$3,099$1,710$130
44 years$15,089$9,006$5,158$2,861$1,552$110
45 years$14,588$8,588$4,843$2,643$1,409$93
46 years$14,109$8,193$4,549$2,441$1,279$79
47 years$13,653$7,818$4,273$2,255$1,161$67
48 years$13,216$7,464$4,016$2,084$1,055$56
49 years$12,799$7,127$3,775$1,926$958$48
50 years$12,400$6,808$3,549$1,780$870$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,700,000, adding $5,173 every year, while hoping to spend $29,371 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: 69/25/6 Blend
62$12,700,000$12,700,000$12,700,000$12,700,000
63$14,000,736$13,327,636$13,130,786$14,954,841
64$15,397,560$13,949,440$13,539,417$16,208,462
65$16,935,877$14,600,727$13,960,752$17,575,177
66$18,630,086$15,282,913$14,395,187$19,069,348
67$20,496,057$15,997,478$14,843,128$20,703,456
68$22,551,277$16,745,976$15,304,995$22,491,229
69$24,815,014$17,530,036$15,781,220$24,447,775
70$27,308,504$18,351,366$16,272,249$26,589,714
71$30,055,144$19,211,755$16,778,541$28,935,337
72$33,080,717$20,113,080$17,300,572$31,504,770
73$36,413,638$21,057,309$17,838,828$34,320,164
74$40,085,216$22,046,503$18,393,816$37,405,899
75$44,129,952$23,082,826$18,966,052$40,788,809
76$48,585,866$24,168,544$19,556,074$44,498,431
77$53,494,855$25,306,034$20,164,434$48,567,281
78$58,903,088$26,497,787$20,791,700$53,031,152
79$64,861,442$27,746,417$21,438,461$57,929,452
80$71,425,980$29,054,662$22,105,320$63,305,567
81$78,658,483$30,425,394$22,792,902$69,207,266
82$86,627,035$31,861,625$23,501,850$75,687,148
83$95,406,658$33,366,510$24,232,828$82,803,128
84$105,080,028$34,943,360$24,986,519$90,618,981
85$115,738,252$36,595,646$25,763,628$99,204,936
86$127,481,726$38,327,005$26,564,882$108,638,334
87$140,421,088$40,141,254$27,391,031$119,004,346
88$154,678,255$42,042,391$28,242,847$130,396,775
89$170,387,581$44,034,612$29,121,126$142,918,930
90$187,697,121$46,122,315$30,026,690$156,684,593
91$206,770,029$48,310,110$30,960,386$171,819,085
92$227,786,099$50,602,833$31,923,087$188,460,441
93$250,943,463$53,005,554$32,915,692$206,760,701
94$276,460,458$55,523,588$33,939,129$226,887,336
95$304,577,691$58,162,509$34,994,356$249,024,821
96$335,560,307$60,928,164$36,082,358$273,376,360
97$369,700,493$63,826,679$37,204,153$300,165,798
98$407,320,240$66,864,483$38,360,788$329,639,719
99$448,774,375$70,048,313$39,553,345$362,069,764
100$494,453,917$73,385,236$40,782,938$397,755,176