Can I retire at age 63 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$998,450
2 years$523,273$513,528$504,083$494,925$486,043$463,748
3 years$345,384$335,596$326,175$317,104$308,366$286,712
4 years$256,456$246,699$237,372$228,455$219,929$199,084
5 years$203,114$193,415$184,210$175,476$167,186$147,209
6 years$167,564$157,938$148,869$140,329$132,289$113,199
7 years$142,181$132,636$123,711$115,372$107,586$89,388
8 years$123,152$113,693$104,917$96,783$89,253$71,941
9 years$108,360$98,991$90,365$82,438$75,164$58,725
10 years$96,533$87,255$78,782$71,062$64,044$48,460
11 years$86,863$77,678$69,359$61,845$55,080$40,332
12 years$78,810$69,720$61,554$54,247$47,731$33,796
13 years$72,002$63,006$54,994$47,892$41,622$28,475
14 years$66,171$57,271$49,413$42,513$36,486$24,101
15 years$61,122$52,318$44,613$37,914$32,125$20,474
16 years$56,709$48,001$40,448$33,948$28,392$17,447
17 years$52,819$44,207$36,806$30,502$25,174$14,906
18 years$49,365$40,849$33,599$27,488$22,384$12,763
19 years$46,278$37,859$30,759$24,838$19,951$10,948
20 years$43,503$35,180$28,229$22,496$17,821$9,405
21 years$40,996$32,769$25,965$20,416$15,948$8,091
22 years$38,720$30,589$23,931$18,563$14,295$6,969
23 years$36,645$28,609$22,096$16,906$12,832$6,008
24 years$34,745$26,805$20,435$15,419$11,534$5,183
25 years$33,000$25,155$18,927$14,082$10,378$4,475
26 years$31,392$23,642$17,554$12,875$9,349$3,866
27 years$29,906$22,249$16,300$11,785$8,428$3,342
28 years$28,528$20,966$15,153$10,798$7,605$2,890
29 years$27,248$19,779$14,101$9,902$6,867$2,500
30 years$26,055$18,679$13,135$9,087$6,205$2,164
31 years$24,942$17,658$12,245$8,346$5,610$1,873
32 years$23,900$16,708$11,425$7,670$5,075$1,622
33 years$22,923$15,822$10,668$7,053$4,592$1,405
34 years$22,006$14,996$9,967$6,490$4,158$1,217
35 years$21,143$14,224$9,319$5,974$3,766$1,054
36 years$20,329$13,500$8,717$5,502$3,412$914
37 years$19,562$12,822$8,159$5,069$3,093$792
38 years$18,837$12,186$7,641$4,673$2,804$686
39 years$18,150$11,587$7,159$4,308$2,543$595
40 years$17,500$11,024$6,710$3,974$2,306$516
41 years$16,882$10,494$6,292$3,666$2,092$447
42 years$16,296$9,994$5,902$3,384$1,898$388
43 years$15,739$9,523$5,538$3,123$1,723$336
44 years$15,208$9,077$5,198$2,884$1,564$291
45 years$14,703$8,656$4,881$2,663$1,420$253
46 years$14,220$8,257$4,584$2,460$1,289$219
47 years$13,760$7,880$4,307$2,273$1,171$190
48 years$13,320$7,522$4,047$2,100$1,063$165
49 years$12,900$7,184$3,804$1,941$965$143
50 years$12,497$6,862$3,577$1,794$877$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,800,000, adding $6,265 every year, while hoping to spend $23,787 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: 57/37/6 Blend
62$12,800,000$12,800,000$12,800,000$12,800,000
63$14,112,062$13,433,662$13,235,262$14,898,571
64$15,526,184$14,066,603$13,653,334$16,060,912
65$17,083,748$14,729,760$14,084,615$17,323,478
66$18,799,361$15,424,589$14,529,521$18,698,460
67$20,689,119$16,152,617$14,988,482$20,196,589
68$22,770,757$16,915,443$15,461,945$21,829,653
69$25,063,820$17,714,745$15,950,365$23,610,608
70$27,589,844$18,552,282$16,454,217$25,553,694
71$30,372,562$19,429,898$16,973,987$27,674,566
72$33,438,127$20,349,527$17,510,180$29,990,433
73$36,815,358$21,313,196$18,063,313$32,520,215
74$40,536,013$22,323,030$18,633,921$35,284,720
75$44,635,087$23,381,260$19,222,559$38,306,829
76$49,151,145$24,490,221$19,829,794$41,611,710
77$54,126,685$25,652,365$20,456,215$45,227,043
78$59,608,536$26,870,260$21,102,428$49,183,280
79$65,648,306$28,146,602$21,769,058$53,513,922
80$72,302,863$29,484,215$22,456,751$58,255,826
81$79,634,875$30,886,061$23,166,172$63,449,548
82$87,713,401$32,355,247$23,898,008$69,139,716
83$96,614,544$33,895,031$24,652,967$75,375,440
84$106,422,166$35,508,826$25,431,780$82,210,769
85$117,228,684$37,200,215$26,235,201$89,705,190
86$129,135,937$38,972,952$27,064,008$97,924,178
87$142,256,152$40,830,977$27,919,002$106,939,807
88$156,713,003$42,778,418$28,801,012$116,831,414
89$172,642,774$44,819,605$29,710,890$127,686,340
90$190,195,651$46,959,080$30,649,519$139,600,738
91$209,537,135$49,201,603$31,617,806$152,680,471
92$230,849,609$51,552,167$32,616,689$167,042,098
93$254,334,055$54,016,010$33,647,134$182,813,956
94$280,211,956$56,598,621$34,710,139$200,137,360
95$308,727,380$59,305,758$35,806,734$219,167,918
96$340,149,293$62,143,461$36,937,980$240,076,987
97$374,774,090$65,118,059$38,104,971$263,053,272
98$412,928,398$68,236,195$39,308,839$288,304,586
99$454,972,157$71,504,831$40,550,747$316,059,798
100$501,302,018$74,931,269$41,831,898$346,570,970