Can I retire at age 63 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,052,554
2 years$543,714$533,587$523,774$514,258$505,029$496,957
3 years$358,875$348,705$338,916$329,490$320,411$312,523
4 years$266,474$256,335$246,644$237,379$228,520$220,877
5 years$211,048$200,970$191,406$182,330$173,717$166,342
6 years$174,109$164,107$154,685$145,811$137,456$130,358
7 years$147,735$137,817$128,544$119,879$111,789$104,971
8 years$127,963$118,135$109,015$100,564$92,740$86,202
9 years$112,593$102,857$93,895$85,658$78,100$71,841
10 years$100,304$90,664$81,860$73,838$66,545$60,562
11 years$90,256$80,713$72,068$64,261$57,231$51,518
12 years$81,889$72,443$63,958$56,366$49,595$44,148
13 years$74,814$65,468$57,143$49,762$43,248$38,060
14 years$68,756$59,508$51,343$44,173$37,911$32,977
15 years$63,510$54,362$46,356$39,395$33,380$28,692
16 years$58,924$49,876$42,028$35,274$29,501$25,053
17 years$54,882$45,934$38,244$31,693$26,158$21,942
18 years$51,293$42,445$34,912$28,562$23,258$19,266
19 years$48,086$39,338$31,960$25,808$20,731$16,955
20 years$45,202$36,554$29,331$23,374$18,517$14,950
21 years$42,597$34,049$26,979$21,214$16,571$13,205
22 years$40,232$31,783$24,866$19,288$14,853$11,680
23 years$38,076$29,726$22,959$17,566$13,333$10,344
24 years$36,102$27,852$21,233$16,021$11,984$9,172
25 years$34,289$26,137$19,666$14,632$10,784$8,141
26 years$32,619$24,565$18,239$13,378$9,714$7,231
27 years$31,074$23,119$16,937$12,246$8,758$6,429
28 years$29,643$21,784$15,745$11,220$7,902$5,719
29 years$28,312$20,551$14,652$10,289$7,136$5,090
30 years$27,073$19,408$13,648$9,442$6,447$4,534
31 years$25,916$18,347$12,723$8,672$5,829$4,040
32 years$24,833$17,360$11,871$7,970$5,273$3,601
33 years$23,818$16,441$11,084$7,329$4,772$3,211
34 years$22,865$15,582$10,356$6,743$4,320$2,864
35 years$21,968$14,779$9,683$6,208$3,913$2,556
36 years$21,123$14,028$9,058$5,717$3,546$2,281
37 years$20,326$13,323$8,478$5,267$3,213$2,036
38 years$19,572$12,662$7,939$4,855$2,913$1,818
39 years$18,859$12,040$7,438$4,477$2,642$1,624
40 years$18,183$11,455$6,972$4,129$2,396$1,450
41 years$17,542$10,904$6,537$3,810$2,174$1,296
42 years$16,933$10,385$6,132$3,516$1,973$1,158
43 years$16,354$9,895$5,754$3,245$1,790$1,035
44 years$15,802$9,432$5,401$2,997$1,625$925
45 years$15,277$8,994$5,072$2,768$1,475$826
46 years$14,776$8,580$4,764$2,556$1,339$739
47 years$14,298$8,188$4,475$2,362$1,216$660
48 years$13,841$7,816$4,205$2,182$1,105$590
49 years$13,404$7,464$3,953$2,017$1,003$528
50 years$12,985$7,130$3,716$1,864$911$472

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $13,300,000, adding $4,024 every year, while hoping to spend $31,994 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: 76/15/9 Blend
62$13,300,000$13,300,000$13,300,000$13,300,000
63$14,660,751$13,955,851$13,749,701$15,753,189
64$16,122,106$14,605,646$14,176,274$17,122,382
65$17,731,447$15,286,209$14,616,066$18,618,326
66$19,503,835$15,999,014$15,069,484$20,257,168
67$21,455,865$16,745,605$15,536,951$22,053,090
68$23,605,826$17,527,602$16,018,902$24,021,705
69$25,973,869$18,346,703$16,515,783$26,180,198
70$28,582,200$19,204,687$17,028,059$28,547,490
71$31,455,289$20,103,422$17,556,203$31,144,415
72$34,620,101$21,044,862$18,100,709$33,993,908
73$38,106,350$22,031,058$18,662,080$37,121,225
74$41,946,778$23,064,161$19,240,841$40,554,177
75$46,177,468$24,146,423$19,837,527$44,323,388
76$50,838,179$25,280,208$20,452,695$48,462,581
77$55,972,728$26,467,993$21,086,914$53,008,895
78$61,629,396$27,712,374$21,740,775$58,003,230
79$67,861,389$29,016,074$22,414,886$63,490,634
80$74,727,337$30,381,949$23,109,871$69,520,717
81$82,291,851$31,812,990$23,826,377$76,148,124
82$90,626,128$33,312,335$24,565,070$83,433,039
83$99,808,628$34,883,274$25,326,634$91,441,755
84$109,925,810$36,529,256$26,111,778$100,247,293
85$121,072,950$38,253,898$26,921,231$109,930,085
86$133,355,043$40,060,990$27,755,743$120,578,731
87$146,887,787$41,954,508$28,616,090$132,290,832
88$161,798,682$43,938,620$29,503,071$145,173,900
89$178,228,232$46,017,697$30,417,508$159,346,374
90$196,331,267$48,196,320$31,360,250$174,938,728
91$216,278,411$50,479,293$32,332,172$192,094,700
92$238,257,685$52,871,656$33,334,177$210,972,639
93$262,476,290$55,378,688$34,367,193$231,746,998
94$289,162,557$58,005,929$35,432,179$254,609,968
95$318,568,105$60,759,186$36,530,124$279,773,291
96$350,970,214$63,644,548$37,662,045$307,470,249
97$386,674,444$66,668,400$38,828,993$337,957,858
98$426,017,523$69,837,437$40,032,049$371,519,285
99$469,370,517$73,158,679$41,272,330$408,466,518
100$517,142,342$76,639,486$42,550,985$449,143,294