Can I retire at age 63 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,000,147
2 years$527,361$517,540$508,021$498,792$489,840$461,322
3 years$348,082$338,218$328,723$319,581$310,775$283,149
4 years$258,460$248,626$239,226$230,240$221,647$195,126
5 years$204,701$194,926$185,649$176,846$168,493$143,149
6 years$168,873$159,172$150,032$141,425$133,322$109,180
7 years$143,292$133,672$124,678$116,274$108,427$85,486
8 years$124,114$114,582$105,736$97,539$89,951$68,200
9 years$109,207$99,764$91,071$83,082$75,751$55,169
10 years$97,287$87,937$79,398$71,617$64,544$45,104
11 years$87,542$78,285$69,900$62,328$55,510$37,181
12 years$79,426$70,265$62,035$54,670$48,104$30,851
13 years$72,564$63,499$55,424$48,266$41,947$25,734
14 years$66,688$57,718$49,799$42,845$36,771$21,557
15 years$61,600$52,727$44,962$38,210$32,376$18,122
16 years$57,152$48,376$40,764$34,213$28,614$15,279
17 years$53,231$44,552$37,094$30,740$25,371$12,912
18 years$49,750$41,168$33,862$27,703$22,559$10,934
19 years$46,639$38,154$30,999$25,032$20,107$9,275
20 years$43,843$35,455$28,449$22,671$17,960$7,878
21 years$41,316$33,025$26,168$20,576$16,072$6,700
22 years$39,022$30,828$24,118$18,708$14,407$5,703
23 years$36,931$28,832$22,268$17,038$12,932$4,859
24 years$35,017$27,014$20,595$15,539$11,624$4,143
25 years$33,258$25,351$19,075$14,192$10,460$3,535
26 years$31,638$23,826$17,691$12,976$9,422$3,017
27 years$30,140$22,423$16,427$11,877$8,494$2,576
28 years$28,751$21,129$15,271$10,882$7,665$2,201
29 years$27,461$19,933$14,211$9,979$6,921$1,881
30 years$26,259$18,825$13,237$9,158$6,254$1,608
31 years$25,136$17,796$12,341$8,411$5,654$1,375
32 years$24,086$16,838$11,514$7,730$5,114$1,176
33 years$23,102$15,946$10,751$7,108$4,628$1,005
34 years$22,178$15,113$10,045$6,540$4,190$860
35 years$21,308$14,335$9,391$6,021$3,795$736
36 years$20,488$13,606$8,785$5,545$3,439$630
37 years$19,715$12,922$8,223$5,109$3,117$539
38 years$18,984$12,281$7,700$4,709$2,826$461
39 years$18,292$11,678$7,214$4,342$2,562$395
40 years$17,636$11,111$6,762$4,005$2,324$338
41 years$17,014$10,576$6,341$3,695$2,109$289
42 years$16,424$10,072$5,948$3,410$1,913$247
43 years$15,862$9,597$5,581$3,148$1,736$212
44 years$15,327$9,148$5,239$2,907$1,576$181
45 years$14,817$8,723$4,919$2,684$1,431$155
46 years$14,332$8,322$4,620$2,479$1,299$133
47 years$13,868$7,941$4,341$2,291$1,180$114
48 years$13,424$7,581$4,079$2,117$1,071$97
49 years$13,001$7,240$3,834$1,956$973$83
50 years$12,595$6,916$3,605$1,808$884$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $12,900,000, adding $6,378 every year, while hoping to spend $53,522 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: 57/20/23 Blend
62$12,900,000$12,900,000$12,900,000$12,900,000
63$14,222,379$13,538,679$13,338,729$14,944,245
64$15,616,115$14,145,127$13,728,629$16,044,425
65$17,150,217$14,779,498$14,129,798$17,236,643
66$18,838,948$15,443,102$14,542,555$18,534,881
67$20,698,021$16,137,314$14,967,230$19,949,377
68$22,744,751$16,863,574$15,404,164$21,491,389
69$24,998,216$17,623,390$15,853,704$23,173,302
70$27,479,440$18,418,342$16,316,209$25,008,737
71$30,211,589$19,250,086$16,792,048$27,012,681
72$33,220,187$20,120,357$17,281,598$29,201,622
73$36,533,364$21,030,972$17,785,249$31,593,702
74$40,182,113$21,983,835$18,303,401$34,208,885
75$44,200,589$22,980,943$18,836,465$37,069,141
76$48,626,426$24,024,386$19,384,863$40,198,648
77$53,501,095$25,116,356$19,949,030$43,624,021
78$58,870,297$26,259,147$20,529,413$47,374,551
79$64,784,387$27,455,165$21,126,468$51,482,485
80$71,298,859$28,706,932$21,740,669$55,983,321
81$78,474,860$30,017,090$22,372,499$60,916,137
82$86,379,774$31,388,406$23,022,456$66,323,960
83$95,087,855$32,823,781$23,691,052$72,254,161
84$104,680,926$34,326,256$24,378,812$78,758,901
85$115,249,155$35,899,017$25,086,277$85,895,614
86$126,891,902$37,545,403$25,814,001$93,727,545
87$139,718,661$39,268,912$26,562,555$102,324,341
88$153,850,088$41,073,213$27,332,524$111,762,700
89$169,419,145$42,962,148$28,124,512$122,127,091
90$186,572,351$44,939,746$28,939,136$133,510,541
91$205,471,166$47,010,229$29,777,032$146,015,506
92$226,293,515$49,178,021$30,638,853$159,754,832
93$249,235,470$51,447,760$31,525,271$174,852,812
94$274,513,094$53,824,307$32,436,974$191,446,348
95$302,364,488$56,312,756$33,374,670$209,686,238
96$333,052,032$58,918,447$34,339,088$229,738,588
97$366,864,867$61,646,978$35,330,975$251,786,370
98$404,121,618$64,504,215$36,351,097$276,031,140
99$445,173,409$67,496,307$37,400,245$302,694,930
100$490,407,171$70,629,701$38,479,228$332,022,333