Can I retire at age 63 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,033,873
2 years$539,626$529,576$519,835$510,392$501,232$482,442
3 years$356,177$346,083$336,368$327,013$318,002$299,721
4 years$264,470$254,408$244,790$235,594$226,802$209,171
5 years$209,461$199,459$189,967$180,959$172,411$155,481
6 years$172,800$162,873$153,521$144,714$136,423$120,212
7 years$146,624$136,781$127,577$118,978$110,948$95,461
8 years$127,001$117,246$108,195$99,807$92,042$77,276
9 years$111,746$102,084$93,189$85,014$77,513$63,458
10 years$99,550$89,982$81,244$73,283$66,045$52,690
11 years$89,578$80,106$71,526$63,778$56,801$44,130
12 years$81,273$71,899$63,477$55,942$49,222$37,219
13 years$74,252$64,975$56,713$49,388$42,923$31,568
14 years$68,239$59,061$50,957$43,841$37,626$26,900
15 years$63,032$53,953$46,007$39,099$33,129$23,011
16 years$58,481$49,501$41,712$35,009$29,279$19,747
17 years$54,469$45,589$37,956$31,455$25,961$16,993
18 years$50,907$42,126$34,649$28,347$23,083$14,656
19 years$47,724$39,042$31,720$25,614$20,575$12,665
20 years$44,863$36,280$29,111$23,199$18,378$10,963
21 years$42,277$33,793$26,776$21,054$16,446$9,504
22 years$39,930$31,544$24,679$19,143$14,742$8,248
23 years$37,790$29,503$22,786$17,434$13,233$7,166
24 years$35,831$27,642$21,073$15,901$11,894$6,232
25 years$34,032$25,941$19,518$14,522$10,703$5,424
26 years$32,373$24,380$18,102$13,278$9,641$4,723
27 years$30,841$22,945$16,809$12,153$8,692$4,116
28 years$29,420$21,621$15,627$11,135$7,843$3,589
29 years$28,100$20,397$14,542$10,211$7,082$3,130
30 years$26,869$19,262$13,545$9,371$6,399$2,731
31 years$25,721$18,209$12,628$8,607$5,785$2,384
32 years$24,647$17,230$11,782$7,910$5,233$2,082
33 years$23,639$16,317$11,001$7,274$4,736$1,818
34 years$22,693$15,465$10,279$6,693$4,288$1,588
35 years$21,803$14,668$9,610$6,161$3,884$1,388
36 years$20,965$13,922$8,990$5,674$3,519$1,213
37 years$20,173$13,223$8,414$5,228$3,189$1,060
38 years$19,425$12,566$7,880$4,819$2,891$926
39 years$18,717$11,949$7,382$4,443$2,622$810
40 years$18,046$11,369$6,919$4,098$2,378$708
41 years$17,410$10,822$6,488$3,781$2,158$619
42 years$16,806$10,307$6,086$3,489$1,958$541
43 years$16,231$9,820$5,711$3,221$1,777$473
44 years$15,683$9,361$5,361$2,974$1,613$414
45 years$15,162$8,926$5,034$2,747$1,464$362
46 years$14,665$8,515$4,728$2,537$1,329$317
47 years$14,190$8,126$4,442$2,344$1,207$277
48 years$13,737$7,757$4,174$2,166$1,096$242
49 years$13,303$7,408$3,923$2,002$996$212
50 years$12,888$7,076$3,688$1,850$904$185

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $13,200,000, adding $4,003 every year, while hoping to spend $31,229 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: 54/33/13 Blend
62$13,200,000$13,200,000$13,200,000$13,200,000
63$14,550,529$13,850,929$13,646,329$15,286,645
64$16,001,456$14,496,397$14,070,254$16,433,285
65$17,599,330$15,172,447$14,507,333$17,676,979
66$19,359,108$15,880,543$14,957,975$19,029,937
67$21,297,270$16,622,222$15,422,600$20,502,554
68$23,431,975$17,399,095$15,901,641$22,106,253
69$25,783,236$18,212,849$16,395,545$23,853,587
70$28,373,102$19,065,256$16,904,772$25,758,352
71$31,225,875$19,958,169$17,429,798$27,835,715
72$34,368,330$20,893,535$17,971,112$30,102,349
73$37,829,974$21,873,393$18,529,219$32,576,587
74$41,643,321$22,899,880$19,104,638$35,278,588
75$45,844,204$23,975,237$19,697,907$38,230,522
76$50,472,103$25,101,815$20,309,578$41,456,773
77$55,570,530$26,282,076$20,940,221$44,984,161
78$61,187,431$27,518,604$21,590,425$48,842,191
79$67,375,639$28,814,106$22,260,794$53,063,323
80$74,193,378$30,171,421$22,951,954$57,683,272
81$81,704,807$31,593,525$23,664,549$62,741,334
82$89,980,628$33,083,539$24,399,243$68,280,751
83$99,098,754$34,644,734$25,156,720$74,349,114
84$109,145,043$36,280,542$25,937,685$80,998,796
85$120,214,106$37,994,557$26,742,867$88,287,442
86$132,410,206$39,790,552$27,573,014$96,278,503
87$145,848,238$41,672,480$28,428,901$105,041,824
88$160,654,813$43,644,486$29,311,324$114,654,289
89$176,969,456$45,710,917$30,221,105$125,200,543
90$194,945,919$47,876,331$31,159,090$136,773,773
91$214,753,637$50,145,506$32,126,155$149,476,578
92$236,579,325$52,523,452$33,123,197$163,421,922
93$260,628,738$55,015,423$34,151,146$178,734,191
94$287,128,618$57,626,928$35,210,959$195,550,350
95$316,328,833$60,363,743$36,303,622$214,021,222
96$348,504,732$63,231,925$37,430,151$234,312,896
97$383,959,749$66,237,823$38,591,595$256,608,279
98$423,028,264$69,388,098$39,789,035$281,108,804
99$466,078,765$72,689,732$41,023,585$308,036,318
100$513,517,317$76,150,047$42,296,393$337,635,151