Can I retire at age 63 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,061,316
2 years$560,066$549,635$539,526$529,725$520,218$489,086
3 years$369,668$359,193$349,109$339,400$330,048$299,900
4 years$274,488$264,045$254,062$244,518$235,393$206,461
5 years$217,395$207,014$197,163$187,814$178,942$151,305
6 years$179,346$169,043$159,337$150,196$141,591$115,275
7 years$152,178$141,962$132,410$123,484$115,151$90,156
8 years$131,811$121,687$112,294$103,588$95,529$71,840
9 years$115,979$105,951$96,719$88,234$80,449$58,044
10 years$103,321$93,390$84,321$76,059$68,547$47,395
11 years$92,971$83,140$74,235$66,194$58,952$39,019
12 years$84,352$74,622$65,882$58,061$51,087$32,334
13 years$77,065$67,437$58,861$51,259$44,549$26,934
14 years$70,824$61,298$52,887$45,502$39,051$22,532
15 years$65,420$55,997$47,750$40,580$34,384$18,915
16 years$60,696$51,376$43,292$36,335$30,388$15,924
17 years$56,533$47,315$39,394$32,647$26,945$13,438
18 years$52,836$43,721$35,962$29,421$23,958$11,362
19 years$49,532$40,521$32,921$26,584$21,354$9,623
20 years$46,562$37,654$30,214$24,077$19,074$8,162
21 years$43,878$35,073$27,791$21,852$17,069$6,930
22 years$41,442$32,739$25,613$19,868$15,300$5,891
23 years$39,221$30,620$23,649$18,094$13,734$5,011
24 years$37,188$28,689$21,872$16,503$12,345$4,266
25 years$35,321$26,924$20,258$15,072$11,108$3,633
26 years$33,600$25,304$18,788$13,781$10,006$3,096
27 years$32,009$23,814$17,446$12,614$9,021$2,640
28 years$30,534$22,440$16,219$11,557$8,140$2,252
29 years$29,164$21,169$15,093$10,598$7,350$1,921
30 years$27,887$19,992$14,058$9,726$6,641$1,639
31 years$26,695$18,899$13,106$8,933$6,004$1,399
32 years$25,580$17,882$12,228$8,210$5,431$1,195
33 years$24,535$16,935$11,418$7,549$4,915$1,020
34 years$23,553$16,051$10,668$6,946$4,450$871
35 years$22,629$15,224$9,974$6,394$4,031$744
36 years$21,759$14,449$9,330$5,889$3,652$636
37 years$20,937$13,724$8,733$5,426$3,310$543
38 years$20,161$13,042$8,178$5,001$3,001$464
39 years$19,426$12,402$7,662$4,611$2,721$396
40 years$18,730$11,800$7,182$4,253$2,468$339
41 years$18,070$11,232$6,734$3,924$2,239$289
42 years$17,442$10,697$6,317$3,622$2,032$247
43 years$16,845$10,192$5,927$3,343$1,844$211
44 years$16,278$9,715$5,564$3,087$1,674$181
45 years$15,736$9,264$5,224$2,851$1,520$154
46 years$15,220$8,838$4,907$2,633$1,380$132
47 years$14,728$8,434$4,610$2,433$1,253$113
48 years$14,257$8,051$4,332$2,248$1,138$96
49 years$13,807$7,689$4,072$2,078$1,033$82
50 years$13,376$7,344$3,828$1,920$939$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $13,700,000, adding $6,626 every year, while hoping to spend $35,753 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: 51/38/11 Blend
62$13,700,000$13,700,000$13,700,000$13,700,000
63$15,104,235$14,378,135$14,165,785$15,830,223
64$16,606,826$15,044,622$14,602,298$16,993,345
65$18,261,483$15,742,570$15,052,235$18,252,752
66$20,083,679$16,473,480$15,516,010$19,621,034
67$22,090,464$17,238,931$15,994,046$21,108,451
68$24,300,626$18,040,573$16,486,781$22,726,271
69$26,734,868$18,880,139$16,994,667$24,486,872
70$29,416,003$19,759,445$17,518,167$26,403,850
71$32,369,171$20,680,393$18,057,761$28,492,149
72$35,622,073$21,644,979$18,613,942$30,768,188
73$39,205,235$22,655,294$19,187,220$33,250,016
74$43,152,296$23,713,530$19,778,119$35,957,472
75$47,500,323$24,821,986$20,387,179$38,912,365
76$52,290,163$25,983,070$21,014,957$42,138,676
77$57,566,828$27,199,309$21,662,026$45,662,776
78$63,379,920$28,473,351$22,328,980$49,513,665
79$69,784,098$29,807,971$23,016,426$53,723,236
80$76,839,593$31,206,079$23,724,994$58,326,575
81$84,612,781$32,670,726$24,455,330$63,362,274
82$93,176,804$34,205,110$25,208,103$68,872,793
83$102,612,262$35,812,586$25,983,999$74,904,844
84$113,007,978$37,496,667$26,783,728$81,509,831
85$124,461,828$39,261,041$27,608,019$88,744,313
86$137,081,673$41,109,570$28,457,626$96,670,538
87$150,986,371$43,046,306$29,333,324$105,357,008
88$166,306,903$45,075,497$30,235,913$114,879,122
89$183,187,607$47,201,597$31,166,216$125,319,870
90$201,787,541$49,429,273$32,125,082$136,770,603
91$222,281,984$51,763,421$33,113,386$149,331,883
92$244,864,092$54,209,174$34,132,030$163,114,415
93$269,746,719$56,771,913$35,181,943$178,240,080
94$297,164,429$59,457,281$36,264,082$194,843,065
95$327,375,706$62,271,194$37,379,435$213,071,114
96$360,665,400$65,219,854$38,529,018$233,086,906
97$397,347,410$68,309,766$39,713,879$255,069,571
98$437,767,650$71,547,749$40,935,098$279,216,361
99$482,307,315$74,940,954$42,193,789$305,744,493
100$531,386,478$78,496,877$43,491,097$334,893,175