Can I retire at age 63 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,106,016
2 years$584,594$573,707$563,155$552,924$543,001$508,747
3 years$385,858$374,924$364,399$354,264$344,502$311,354
4 years$286,510$275,609$265,189$255,227$245,702$213,914
5 years$226,916$216,081$205,797$196,039$186,779$156,437
6 years$187,200$176,446$166,315$156,774$147,792$118,924
7 years$158,843$148,179$138,208$128,893$120,194$92,799
8 years$137,584$127,017$117,212$108,125$99,713$73,773
9 years$121,058$110,591$100,954$92,098$83,972$59,460
10 years$107,846$97,481$88,014$79,390$71,549$48,430
11 years$97,042$86,781$77,486$69,093$61,534$39,769
12 years$88,046$77,890$68,767$60,604$53,324$32,868
13 years$80,440$70,390$61,439$53,504$46,500$27,305
14 years$73,925$63,982$55,203$47,495$40,761$22,779
15 years$68,285$58,449$49,841$42,357$35,890$19,069
16 years$63,354$53,626$45,188$37,926$31,719$16,007
17 years$59,008$49,388$41,120$34,076$28,125$13,469
18 years$55,150$45,636$37,537$30,710$25,007$11,355
19 years$51,701$42,295$34,363$27,749$22,289$9,588
20 years$48,601$39,303$31,537$25,132$19,909$8,107
21 years$45,800$36,609$29,008$22,809$17,817$6,863
22 years$43,257$34,173$26,735$20,738$15,970$5,815
23 years$40,939$31,961$24,685$18,887$14,336$4,931
24 years$38,817$29,946$22,830$17,226$12,885$4,184
25 years$36,868$28,103$21,145$15,732$11,595$3,553
26 years$35,071$26,412$19,611$14,384$10,444$3,018
27 years$33,411$24,857$18,210$13,166$9,416$2,565
28 years$31,872$23,422$16,929$12,063$8,496$2,180
29 years$30,441$22,096$15,754$11,062$7,672$1,854
30 years$29,109$20,868$14,674$10,152$6,932$1,577
31 years$27,864$19,727$13,680$9,324$6,267$1,342
32 years$26,700$18,666$12,764$8,569$5,669$1,142
33 years$25,609$17,677$11,918$7,880$5,131$972
34 years$24,584$16,753$11,135$7,250$4,645$827
35 years$23,620$15,890$10,411$6,674$4,207$704
36 years$22,712$15,082$9,739$6,147$3,812$599
37 years$21,854$14,325$9,115$5,663$3,455$510
38 years$21,044$13,614$8,536$5,220$3,132$434
39 years$20,277$12,945$7,997$4,813$2,840$370
40 years$19,550$12,316$7,496$4,440$2,576$315
41 years$18,861$11,724$7,029$4,096$2,337$268
42 years$18,206$11,165$6,593$3,780$2,121$228
43 years$17,583$10,638$6,187$3,490$1,925$195
44 years$16,990$10,141$5,808$3,222$1,747$166
45 years$16,426$9,670$5,453$2,976$1,586$141
46 years$15,887$9,225$5,122$2,749$1,440$120
47 years$15,373$8,803$4,812$2,539$1,308$102
48 years$14,881$8,404$4,522$2,346$1,188$87
49 years$14,411$8,025$4,250$2,169$1,079$74
50 years$13,962$7,666$3,996$2,004$980$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,300,000, adding $2,662 every year, while hoping to spend $30,139 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: 41/48/11 Blend
62$14,300,000$14,300,000$14,300,000$14,300,000
63$15,761,346$15,003,446$14,781,796$16,356,105
64$17,336,935$15,706,547$15,244,918$17,477,067
65$19,072,225$16,443,090$15,722,545$18,686,338
66$20,983,472$17,214,682$16,215,131$19,994,461
67$23,088,592$18,023,007$16,723,143$21,410,432
68$25,407,325$18,869,831$17,247,065$22,944,113
69$27,961,426$19,757,006$17,787,395$24,606,324
70$30,774,865$20,686,473$18,344,647$26,408,930
71$33,874,058$21,660,267$18,919,350$28,364,951
72$37,288,114$22,680,522$19,512,050$30,488,676
73$41,049,109$23,749,475$20,123,311$32,795,789
74$45,192,390$24,869,471$20,753,714$35,303,506
75$49,756,908$26,042,970$21,403,858$38,030,734
76$54,785,587$27,272,549$22,074,361$40,998,233
77$60,325,725$28,560,912$22,765,860$44,228,809
78$66,429,445$29,910,893$23,479,013$47,747,513
79$73,154,186$31,325,464$24,214,497$51,581,872
80$80,563,241$32,807,741$24,973,011$55,762,130
81$88,726,361$34,360,989$25,755,276$60,321,529
82$97,720,408$35,988,636$26,562,036$65,296,606
83$107,630,082$37,694,272$27,394,057$70,727,527
84$118,548,723$39,481,663$28,252,129$76,658,450
85$130,579,186$41,354,758$29,137,069$83,137,928
86$143,834,819$43,317,697$30,049,717$90,219,356
87$158,440,528$45,374,821$30,990,940$97,961,452
88$174,533,958$47,530,684$31,961,633$106,428,800
89$192,266,791$49,790,057$32,962,717$115,692,444
90$211,806,180$52,157,946$33,995,144$125,830,533
91$233,336,324$54,639,600$35,059,896$136,929,047
92$257,060,210$57,240,520$36,157,982$149,082,586
93$283,201,524$59,966,479$37,290,448$162,395,239
94$312,006,769$62,823,526$38,458,368$176,981,552
95$343,747,589$65,818,007$39,662,852$192,967,579
96$378,723,329$68,956,577$40,905,044$210,492,052
97$417,263,870$72,246,210$42,186,125$229,707,663
98$459,732,736$75,694,225$43,507,310$250,782,483
99$506,530,526$79,308,293$44,869,856$273,901,517
100$558,098,700$83,096,460$46,275,057$299,268,424