Can I retire at age 63 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,099,243
2 years$572,330$561,671$551,341$541,325$531,609$514,386
3 years$377,763$367,058$356,754$346,832$337,275$320,501
4 years$280,499$269,827$259,625$249,873$240,547$224,351
5 years$222,156$211,547$201,480$191,926$182,860$167,290
6 years$183,273$172,744$162,826$153,485$144,691$129,764
7 years$155,510$145,070$135,309$126,189$117,673$103,393
8 years$134,698$124,352$114,753$105,856$97,621$83,987
9 years$118,519$108,271$98,837$90,166$82,211$69,216
10 years$105,583$95,436$86,168$77,724$70,048$57,682
11 years$95,006$84,961$75,861$67,643$60,243$48,494
12 years$86,199$76,256$67,325$59,332$52,206$41,057
13 years$78,752$68,913$60,150$52,381$45,524$34,962
14 years$72,375$62,640$54,045$46,498$39,906$29,912
15 years$66,852$57,223$48,795$41,468$35,137$25,693
16 years$62,025$52,501$44,240$37,130$31,054$22,142
17 years$57,770$48,351$40,257$33,361$27,535$19,135
18 years$53,993$44,679$36,749$30,065$24,482$16,576
19 years$50,616$41,408$33,642$27,167$21,822$14,388
20 years$47,582$38,478$30,875$24,605$19,492$12,510
21 years$44,839$35,841$28,399$22,330$17,443$10,894
22 years$42,350$33,456$26,174$20,303$15,635$9,498
23 years$40,080$31,291$24,167$18,491$14,035$8,291
24 years$38,003$29,318$22,351$16,865$12,615$7,244
25 years$36,094$27,513$20,701$15,402$11,351$6,334
26 years$34,335$25,858$19,199$14,082$10,225$5,543
27 years$32,710$24,335$17,828$12,890$9,219$4,854
28 years$31,203$22,931$16,574$11,810$8,318$4,252
29 years$29,803$21,633$15,423$10,830$7,511$3,727
30 years$28,498$20,430$14,366$9,939$6,787$3,268
31 years$27,280$19,313$13,393$9,128$6,136$2,867
32 years$26,140$18,274$12,496$8,389$5,550$2,516
33 years$25,072$17,306$11,668$7,715$5,023$2,208
34 years$24,069$16,402$10,902$7,098$4,548$1,939
35 years$23,125$15,557$10,192$6,534$4,119$1,702
36 years$22,235$14,766$9,535$6,018$3,732$1,495
37 years$21,396$14,024$8,924$5,545$3,383$1,314
38 years$20,602$13,328$8,357$5,111$3,067$1,154
39 years$19,852$12,674$7,830$4,712$2,781$1,014
40 years$19,140$12,058$7,339$4,346$2,522$891
41 years$18,465$11,478$6,881$4,010$2,288$783
42 years$17,824$10,931$6,455$3,701$2,076$688
43 years$17,214$10,415$6,057$3,416$1,885$605
44 years$16,634$9,928$5,686$3,154$1,711$532
45 years$16,081$9,467$5,339$2,913$1,553$468
46 years$15,554$9,031$5,014$2,691$1,410$411
47 years$15,050$8,619$4,711$2,486$1,280$362
48 years$14,569$8,228$4,427$2,297$1,163$318
49 years$14,109$7,857$4,161$2,123$1,056$279
50 years$13,669$7,505$3,912$1,962$959$246

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,000,000, adding $2,044 every year, while hoping to spend $56,101 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: 31/49/20 Blend
62$14,000,000$14,000,000$14,000,000$14,000,000
63$15,430,108$14,688,108$14,471,108$15,812,115
64$16,944,288$15,348,135$14,896,199$16,760,367
65$18,611,035$16,038,622$15,333,651$17,775,217
66$20,445,849$16,761,004$15,783,817$18,866,508
67$22,465,815$17,516,781$16,247,064$20,040,924
68$24,689,753$18,307,529$16,723,766$21,305,780
69$27,138,404$19,134,894$17,214,308$22,669,090
70$29,834,622$20,000,605$17,719,088$24,139,631
71$32,803,589$20,906,470$18,238,513$25,727,020
72$36,073,055$21,854,387$18,773,003$27,441,798
73$39,673,596$22,846,342$19,322,989$29,295,522
74$43,638,908$23,884,417$19,888,913$31,300,865
75$48,006,116$24,970,794$20,471,232$33,471,724
76$52,816,136$26,107,758$21,070,414$35,823,350
77$58,114,049$27,297,706$21,686,941$38,372,474
78$63,949,536$28,543,147$22,321,307$41,137,461
79$70,377,340$29,846,712$22,974,022$44,138,470
80$77,457,785$31,211,158$23,645,608$47,397,634
81$85,257,348$32,639,374$24,336,605$50,939,259
82$93,849,280$34,134,386$25,047,564$54,790,040
83$103,314,304$35,699,368$25,779,054$58,979,302
84$113,741,371$37,337,644$26,531,660$63,539,262
85$125,228,502$39,052,700$27,305,982$68,505,322
86$137,883,714$40,848,187$28,102,637$73,916,387
87$151,826,037$42,727,933$28,922,260$79,815,220
88$167,186,641$44,695,949$29,765,504$86,248,827
89$184,110,067$46,756,441$30,633,038$93,268,887
90$202,755,601$48,913,813$31,525,551$100,932,222
91$223,298,768$51,172,685$32,443,753$109,301,316
92$245,932,994$53,537,899$33,388,370$118,444,887
93$270,871,430$56,014,526$34,360,151$128,438,513
94$298,348,965$58,607,887$35,359,865$139,365,331
95$328,624,440$61,323,554$36,388,302$151,316,794
96$361,983,097$64,167,372$37,446,273$164,393,518
97$398,739,263$67,145,464$38,534,614$178,706,205
98$439,239,326$70,264,250$39,654,182$194,376,665
99$483,864,999$73,530,459$40,805,858$211,538,939
100$533,036,922$76,951,146$41,990,548$230,340,541