Can I retire at age 63 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,096,283
2 years$576,418$565,683$555,279$545,191$535,407$507,304
3 years$380,462$369,680$359,302$349,309$339,684$312,427
4 years$282,503$271,754$261,480$251,658$242,265$216,065
5 years$223,742$213,058$202,919$193,297$184,166$159,095
6 years$184,582$173,978$163,989$154,581$145,725$121,807
7 years$156,621$146,107$136,275$127,090$118,513$95,752
8 years$135,660$125,240$115,572$106,613$98,318$76,703
9 years$119,365$109,044$99,543$90,810$82,798$62,311
10 years$106,337$96,117$86,783$78,279$70,548$51,166
11 years$95,685$85,567$76,403$68,126$60,674$42,367
12 years$86,815$76,801$67,805$59,756$52,579$35,316
13 years$79,315$69,405$60,580$52,756$45,849$29,598
14 years$72,892$63,088$54,431$46,831$40,191$24,914
15 years$67,330$57,632$49,144$41,765$35,388$21,047
16 years$62,468$52,876$44,556$37,396$31,276$17,833
17 years$58,183$48,697$40,544$33,600$27,731$15,148
18 years$54,378$44,998$37,012$30,280$24,657$12,894
19 years$50,978$41,704$33,883$27,361$21,978$10,995
20 years$47,921$38,753$31,096$24,780$19,631$9,389
21 years$45,160$36,097$28,602$22,490$17,567$8,028
22 years$42,652$33,695$26,361$20,448$15,747$6,871
23 years$40,366$31,514$24,340$18,623$14,135$5,886
24 years$38,274$29,527$22,510$16,985$12,705$5,047
25 years$36,352$27,710$20,849$15,512$11,433$4,330
26 years$34,581$26,043$19,336$14,183$10,298$3,717
27 years$32,943$24,509$17,956$12,982$9,285$3,192
28 years$31,426$23,095$16,692$11,894$8,378$2,742
29 years$30,015$21,787$15,533$10,907$7,565$2,357
30 years$28,702$20,576$14,469$10,010$6,835$2,026
31 years$27,475$19,451$13,489$9,194$6,180$1,743
32 years$26,327$18,405$12,585$8,449$5,590$1,499
33 years$25,251$17,429$11,751$7,770$5,059$1,290
34 years$24,241$16,519$10,979$7,149$4,580$1,110
35 years$23,290$15,668$10,265$6,581$4,149$955
36 years$22,394$14,871$9,603$6,061$3,759$822
37 years$21,549$14,124$8,988$5,584$3,407$707
38 years$20,750$13,423$8,417$5,147$3,089$609
39 years$19,993$12,764$7,886$4,746$2,801$524
40 years$19,277$12,144$7,391$4,377$2,540$451
41 years$18,597$11,560$6,931$4,039$2,305$389
42 years$17,951$11,009$6,501$3,727$2,091$335
43 years$17,337$10,490$6,100$3,441$1,898$288
44 years$16,753$9,999$5,726$3,177$1,723$248
45 years$16,196$9,535$5,377$2,934$1,564$214
46 years$15,665$9,096$5,050$2,710$1,420$184
47 years$15,158$8,680$4,744$2,504$1,289$158
48 years$14,673$8,286$4,458$2,314$1,171$137
49 years$14,210$7,913$4,191$2,138$1,064$118
50 years$13,767$7,559$3,940$1,976$966$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,100,000, adding $4,944 every year, while hoping to spend $50,169 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: 75/15/10 Blend
62$14,100,000$14,100,000$14,100,000$14,100,000
63$15,543,300$14,796,000$14,577,450$16,680,823
64$17,075,337$15,467,624$15,012,415$18,102,784
65$18,761,960$16,170,477$15,460,270$19,653,805
66$20,618,885$16,906,035$15,921,394$21,352,102
67$22,663,427$17,675,846$16,396,176$23,212,270
68$24,914,667$18,481,533$16,885,018$25,250,377
69$27,393,629$19,324,795$17,388,333$27,484,111
70$30,123,483$20,207,413$17,906,545$29,932,943
71$33,129,756$21,131,254$18,440,092$32,618,313
72$36,440,580$22,098,274$18,989,424$35,563,825
73$40,086,953$23,110,524$19,555,004$38,795,470
74$44,103,033$24,170,150$20,137,307$42,341,868
75$48,526,460$25,279,406$20,736,825$46,234,532
76$53,398,712$26,440,650$21,354,062$50,508,167
77$58,765,494$27,656,355$21,989,536$55,200,993
78$64,677,172$28,929,113$22,643,783$60,355,099
79$71,189,244$30,261,641$23,317,351$66,016,840
80$78,362,871$31,656,785$24,010,806$72,237,270
81$86,265,446$33,117,530$24,724,730$79,072,621
82$94,971,235$34,647,002$25,459,721$86,584,828
83$104,562,075$36,248,480$26,216,397$94,842,109
84$115,128,151$37,925,399$26,995,390$103,919,607
85$126,768,839$39,681,360$27,797,352$113,900,092
86$139,593,652$41,520,139$28,622,955$124,874,739
87$153,723,270$43,445,691$29,472,890$136,943,985
88$169,290,678$45,462,164$30,347,865$150,218,467
89$186,442,421$47,573,904$31,248,613$164,820,066
90$205,339,991$49,785,469$32,175,885$180,883,049
91$226,161,348$52,101,634$33,130,454$198,555,332
92$249,102,598$54,527,406$34,113,117$217,999,868
93$274,379,848$57,068,035$35,124,692$239,396,179
94$302,231,245$59,729,021$36,166,022$262,942,046
95$332,919,221$62,516,132$37,237,972$288,855,368
96$366,732,973$65,435,413$38,341,435$317,376,209
97$403,991,191$68,493,203$39,477,328$348,769,060
98$445,045,068$71,696,146$40,646,594$383,325,324
99$490,281,614$75,051,206$41,850,204$421,366,062
100$540,127,309$78,565,686$43,089,157$463,245,012