Can I retire at age 63 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,102,718
2 years$580,506$569,695$559,217$549,058$539,204$509,574
3 years$383,160$372,302$361,850$351,787$342,093$313,370
4 years$284,506$273,681$263,334$253,443$243,984$216,389
5 years$225,329$214,569$204,358$194,668$185,472$159,082
6 years$185,891$175,212$165,152$155,678$146,758$121,598
7 years$157,732$147,143$137,242$127,991$119,354$95,426
8 years$136,622$126,129$116,392$107,369$99,015$76,308
9 years$120,212$109,818$100,248$91,454$83,385$61,878
10 years$107,092$96,799$87,399$78,834$71,048$50,715
11 years$96,364$86,174$76,945$68,610$61,104$41,913
12 years$87,430$77,345$68,286$60,180$52,951$34,869
13 years$79,877$69,898$61,009$53,130$46,175$29,164
14 years$73,408$63,535$54,817$47,163$40,476$24,499
15 years$67,807$58,040$49,493$42,061$35,639$20,653
16 years$62,911$53,251$44,872$37,661$31,498$17,462
17 years$58,596$49,042$40,832$33,838$27,928$14,800
18 years$54,764$45,317$37,274$30,495$24,832$12,570
19 years$51,339$41,999$34,123$27,555$22,133$10,694
20 years$48,261$39,028$31,316$24,956$19,770$9,112
21 years$45,480$36,353$28,805$22,649$17,692$7,773
22 years$42,955$33,934$26,548$20,593$15,858$6,637
23 years$40,653$31,738$24,513$18,755$14,235$5,673
24 years$38,545$29,736$22,670$17,105$12,795$4,852
25 years$36,610$27,906$20,997$15,622$11,514$4,153
26 years$34,826$26,227$19,474$14,284$10,371$3,556
27 years$33,177$24,683$18,083$13,074$9,350$3,047
28 years$31,649$23,259$16,810$11,979$8,437$2,611
29 years$30,228$21,942$15,644$10,985$7,618$2,239
30 years$28,905$20,722$14,571$10,081$6,884$1,920
31 years$27,670$19,589$13,584$9,259$6,224$1,647
32 years$26,514$18,535$12,675$8,509$5,630$1,413
33 years$25,430$17,553$11,834$7,825$5,095$1,213
34 years$24,412$16,636$11,057$7,200$4,613$1,041
35 years$23,455$15,779$10,338$6,628$4,178$893
36 years$22,553$14,977$9,671$6,104$3,785$767
37 years$21,701$14,225$9,052$5,624$3,431$659
38 years$20,897$13,518$8,476$5,184$3,110$566
39 years$20,135$12,855$7,942$4,780$2,821$486
40 years$19,414$12,230$7,444$4,408$2,558$417
41 years$18,729$11,642$6,980$4,067$2,321$358
42 years$18,079$11,087$6,547$3,754$2,106$308
43 years$17,460$10,564$6,144$3,465$1,911$264
44 years$16,872$10,070$5,767$3,199$1,735$227
45 years$16,311$9,602$5,415$2,955$1,575$195
46 years$15,776$9,160$5,086$2,729$1,430$167
47 years$15,265$8,742$4,778$2,522$1,299$144
48 years$14,777$8,345$4,490$2,330$1,179$124
49 years$14,311$7,969$4,220$2,153$1,071$106
50 years$13,864$7,612$3,968$1,990$973$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,200,000, adding $3,181 every year, while hoping to spend $37,679 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: 52/39/9 Blend
62$14,200,000$14,200,000$14,200,000$14,200,000
63$15,651,681$14,899,081$14,678,981$16,429,521
64$17,208,063$15,589,046$15,130,637$17,648,932
65$18,921,932$16,311,556$15,596,160$18,970,030
66$20,809,313$17,068,167$16,075,976$20,405,840
67$22,887,864$17,860,508$16,570,522$21,967,188
68$25,177,041$18,690,287$17,080,249$23,665,966
69$27,698,284$19,559,297$17,605,623$25,515,234
70$30,475,220$20,469,413$18,147,121$27,529,345
71$33,533,881$21,422,603$18,705,239$29,724,068
72$36,902,957$22,420,931$19,280,485$32,116,734
73$40,614,061$23,466,558$19,873,383$34,726,392
74$44,702,028$24,561,752$20,484,474$37,573,981
75$49,205,245$25,708,888$21,114,314$40,682,523
76$54,166,014$26,910,458$21,763,478$44,077,332
77$59,630,949$28,169,072$22,432,556$47,786,242
78$65,651,418$29,487,469$23,122,159$51,839,866
79$72,284,025$30,868,517$23,832,913$56,271,873
80$79,591,147$32,315,226$24,565,467$61,119,299
81$87,641,521$33,830,749$25,320,488$66,422,886
82$96,510,894$35,418,394$26,098,662$72,227,455
83$106,282,736$37,081,626$26,900,698$78,582,324
84$117,049,029$38,824,080$27,727,326$85,541,756
85$128,911,137$40,649,566$28,579,297$93,165,465
86$141,980,757$42,562,079$29,457,388$101,519,165
87$156,380,979$44,565,806$30,362,396$110,675,181
88$172,247,447$46,665,139$31,295,144$120,713,113
89$189,729,637$48,864,681$32,256,482$131,720,581
90$208,992,268$51,169,258$33,247,282$143,794,030
91$230,216,859$53,583,931$34,268,445$157,039,632
92$253,603,441$56,114,006$35,320,900$171,574,271
93$279,372,444$58,765,045$36,405,603$187,526,627
94$307,766,782$61,542,880$37,523,539$205,038,377
95$339,054,139$64,453,628$38,675,724$224,265,511
96$373,529,505$67,503,699$39,863,204$245,379,791
97$411,517,951$70,699,816$41,087,057$268,570,347
98$453,377,704$74,049,029$42,348,396$294,045,444
99$499,503,527$77,558,729$43,648,364$322,034,428
100$550,330,445$81,236,665$44,988,143$352,789,866