Can I retire at age 63 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,007,148
2 years$535,538$525,564$515,897$506,525$497,434$460,095
3 years$353,479$343,462$333,820$324,536$315,593$279,552
4 years$262,467$252,481$242,935$233,810$225,083$190,616
5 years$207,874$197,948$188,528$179,588$171,105$138,302
6 years$171,491$161,639$152,358$143,618$135,389$104,275
7 years$145,513$135,744$126,611$118,076$110,108$80,675
8 years$126,039$116,358$107,376$99,051$91,345$63,568
9 years$110,900$101,311$92,483$84,370$76,926$50,769
10 years$98,796$89,300$80,629$72,728$65,545$40,962
11 years$88,899$79,499$70,984$63,295$56,371$33,311
12 years$80,658$71,354$62,997$55,518$48,850$27,258
13 years$73,689$64,483$56,283$49,014$42,598$22,415
14 years$67,722$58,613$50,571$43,509$37,341$18,506
15 years$62,555$53,544$45,659$38,803$32,878$15,327
16 years$58,038$49,126$41,396$34,744$29,058$12,728
17 years$54,057$45,243$37,669$31,217$25,764$10,592
18 years$50,522$41,807$34,387$28,133$22,909$8,830
19 years$47,362$38,746$31,480$25,420$20,419$7,372
20 years$44,523$36,005$28,890$23,023$18,239$6,162
21 years$41,957$33,537$26,574$20,895$16,321$5,156
22 years$39,627$31,305$24,492$18,998$14,630$4,318
23 years$37,503$29,279$22,614$17,302$13,133$3,619
24 years$35,559$27,433$20,914$15,780$11,804$3,034
25 years$33,774$25,744$19,370$14,412$10,622$2,546
26 years$32,128$24,196$17,965$13,177$9,568$2,136
27 years$30,607$22,771$16,682$12,061$8,626$1,794
28 years$29,197$21,457$15,508$11,051$7,783$1,506
29 years$27,887$20,242$14,432$10,134$7,028$1,265
30 years$26,666$19,117$13,443$9,300$6,350$1,063
31 years$25,526$18,071$12,532$8,542$5,741$893
32 years$24,460$17,099$11,693$7,850$5,194$751
33 years$23,460$16,193$10,918$7,219$4,700$631
34 years$22,521$15,348$10,201$6,642$4,255$530
35 years$21,638$14,557$9,537$6,114$3,854$446
36 years$20,806$13,817$8,922$5,631$3,492$375
37 years$20,020$13,123$8,350$5,188$3,165$315
38 years$19,278$12,471$7,820$4,782$2,869$265
39 years$18,575$11,859$7,326$4,409$2,602$223
40 years$17,910$11,283$6,867$4,067$2,360$187
41 years$17,278$10,740$6,439$3,752$2,141$158
42 years$16,678$10,229$6,040$3,463$1,943$133
43 years$16,108$9,746$5,668$3,197$1,763$111
44 years$15,565$9,290$5,320$2,952$1,601$94
45 years$15,047$8,859$4,995$2,726$1,453$79
46 years$14,554$8,451$4,692$2,518$1,319$66
47 years$14,083$8,065$4,408$2,326$1,198$56
48 years$13,632$7,699$4,142$2,150$1,088$47
49 years$13,202$7,352$3,893$1,987$988$39
50 years$12,790$7,023$3,660$1,836$898$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $13,100,000, adding $6,903 every year, while hoping to spend $34,828 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: 42/32/26 Blend
62$13,100,000$13,100,000$13,100,000$13,100,000
63$14,443,320$13,749,020$13,545,970$14,939,677
64$15,879,482$14,385,666$13,962,704$15,933,049
65$17,460,966$15,052,339$14,392,230$17,004,309
66$19,202,556$15,750,476$14,834,942$18,163,779
67$21,120,547$16,481,579$15,291,242$19,419,614
68$23,232,891$17,247,225$15,761,548$20,780,766
69$25,559,374$18,049,067$16,246,287$22,257,060
70$28,121,794$18,888,835$16,745,902$23,859,288
71$30,944,175$19,768,347$17,260,848$25,599,299
72$34,052,989$20,689,504$17,791,594$27,490,110
73$37,477,406$21,654,301$18,338,625$29,546,024
74$41,249,570$22,664,831$18,902,438$31,782,753
75$45,404,903$23,723,285$19,483,546$34,217,566
76$49,982,439$24,831,961$20,082,480$36,869,442
77$55,025,189$25,993,268$20,699,785$39,759,247
78$60,580,553$27,209,733$21,336,023$42,909,915
79$66,700,762$28,484,003$21,991,772$46,346,667
80$73,443,374$29,818,853$22,667,630$50,097,235
81$80,871,815$31,217,194$23,364,213$54,192,117
82$89,055,979$32,682,075$24,082,153$58,664,858
83$98,072,888$34,216,696$24,822,104$63,552,355
84$108,007,418$35,824,409$25,584,740$68,895,199
85$118,953,099$37,508,729$26,370,753$74,738,046
86$131,013,000$39,273,343$27,180,858$81,130,030
87$144,300,702$41,122,112$28,015,793$88,125,216
88$158,941,368$43,059,090$28,876,316$95,783,097
89$175,072,924$45,088,522$29,763,209$104,169,149
90$192,847,364$47,214,862$30,677,279$113,355,430
91$212,432,183$49,442,777$31,619,356$123,421,256
92$234,011,957$51,777,164$32,590,295$134,453,928
93$257,790,085$54,223,155$33,590,979$146,549,548
94$283,990,714$56,786,129$34,622,316$159,813,909
95$312,860,847$59,471,729$35,685,244$174,363,482
96$344,672,680$62,285,871$36,780,727$190,326,495
97$379,726,172$65,234,757$37,909,759$207,844,129
98$418,351,871$68,324,889$39,073,366$227,071,834
99$460,914,040$71,563,088$40,272,602$248,180,779
100$507,814,095$74,956,502$41,508,557$271,359,448