Can I retire at age 63 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,114,198
2 years$588,682$577,719$567,093$556,791$546,798$512,746
3 years$388,557$377,546$366,947$356,741$346,911$313,953
4 years$288,513$277,536$267,043$257,012$247,420$215,809
5 years$228,503$217,592$207,237$197,410$188,085$157,906
6 years$188,509$177,680$167,478$157,870$148,825$120,106
7 years$159,953$149,215$139,175$129,794$121,035$93,775
8 years$138,546$127,905$118,031$108,881$100,410$74,592
9 years$121,905$111,364$101,660$92,742$84,560$60,158
10 years$108,600$98,162$88,630$79,945$72,049$49,029
11 years$97,721$87,388$78,028$69,576$61,965$40,286
12 years$88,662$78,435$69,248$61,027$53,697$33,318
13 years$81,002$70,882$61,869$53,878$46,825$27,698
14 years$74,442$64,430$55,589$47,827$41,047$23,123
15 years$68,762$58,858$50,190$42,653$36,141$19,370
16 years$63,797$54,001$45,504$38,191$31,941$16,272
17 years$59,421$49,733$41,407$34,315$28,321$13,701
18 years$55,535$45,955$37,799$30,924$25,182$11,559
19 years$52,063$42,591$34,603$27,943$22,445$9,768
20 years$48,941$39,578$31,757$25,308$20,048$8,266
21 years$46,120$36,865$29,211$22,968$17,941$7,002
22 years$43,560$34,412$26,922$20,883$16,082$5,938
23 years$41,225$32,185$24,858$19,019$14,436$5,039
24 years$39,088$30,155$22,989$17,346$12,975$4,279
25 years$37,125$28,299$21,293$15,842$11,676$3,636
26 years$35,316$26,597$19,748$14,485$10,517$3,092
27 years$33,644$25,031$18,338$13,258$9,482$2,629
28 years$32,094$23,586$17,047$12,147$8,556$2,237
29 years$30,654$22,251$15,864$11,139$7,726$1,904
30 years$29,312$21,014$14,777$10,223$6,981$1,621
31 years$28,059$19,865$13,776$9,389$6,311$1,380
32 years$26,887$18,796$12,853$8,629$5,709$1,175
33 years$25,788$17,800$12,001$7,935$5,167$1,001
34 years$24,756$16,871$11,213$7,301$4,678$853
35 years$23,785$16,002$10,483$6,721$4,237$726
36 years$22,871$15,188$9,807$6,190$3,839$619
37 years$22,007$14,425$9,179$5,703$3,479$527
38 years$21,191$13,709$8,596$5,257$3,154$449
39 years$20,419$13,036$8,053$4,847$2,860$383
40 years$19,687$12,402$7,548$4,471$2,594$326
41 years$18,993$11,806$7,078$4,125$2,354$278
42 years$18,333$11,244$6,639$3,807$2,136$237
43 years$17,706$10,713$6,230$3,514$1,938$202
44 years$17,109$10,212$5,848$3,245$1,759$172
45 years$16,540$9,738$5,491$2,996$1,597$147
46 years$15,998$9,289$5,157$2,768$1,450$125
47 years$15,480$8,865$4,845$2,557$1,317$107
48 years$14,985$8,463$4,553$2,363$1,196$91
49 years$14,512$8,081$4,280$2,184$1,086$78
50 years$14,059$7,720$4,024$2,018$987$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,400,000, adding $4,041 every year, while hoping to spend $25,390 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: 63/20/17 Blend
62$14,400,000$14,400,000$14,400,000$14,400,000
63$15,872,968$15,109,768$14,886,568$16,805,160
64$17,464,996$15,823,132$15,358,254$18,145,464
65$19,218,560$16,570,600$15,844,889$19,605,280
66$21,150,110$17,353,816$16,346,950$21,198,876
67$23,277,772$18,174,504$16,864,924$22,939,284
68$25,621,522$19,034,472$17,399,316$24,840,842
69$28,203,371$19,935,615$17,950,646$26,919,319
70$31,047,575$20,879,920$18,519,453$29,192,067
71$34,180,863$21,869,471$19,106,290$31,678,177
72$37,632,688$22,906,453$19,711,728$34,398,657
73$41,435,510$23,993,156$20,336,358$37,376,626
74$45,625,094$25,131,983$20,980,789$40,637,525
75$50,240,855$26,325,452$21,645,647$44,209,359
76$55,326,228$27,576,204$22,331,581$48,122,948
77$60,929,073$28,887,008$23,039,259$52,412,220
78$67,102,135$30,260,768$23,769,371$57,114,523
79$73,903,536$31,700,529$24,522,628$62,270,974
80$81,397,325$33,209,483$25,299,764$67,926,837
81$89,654,082$34,790,978$26,101,537$74,131,950
82$98,751,587$36,448,524$26,928,727$80,941,185
83$108,775,550$38,185,804$27,782,140$88,414,962
84$119,820,424$40,006,675$28,662,609$96,619,811
85$131,990,292$41,915,187$29,570,992$105,628,994
86$145,399,855$43,915,584$30,508,173$115,523,189
87$160,175,509$46,012,317$31,475,066$126,391,242
88$176,456,544$48,210,054$32,472,613$138,331,001
89$194,396,453$50,513,688$33,501,787$151,450,228
90$214,164,385$52,928,352$34,563,591$165,867,610
91$235,946,739$55,459,429$35,659,059$181,713,868
92$259,948,929$58,112,563$36,789,259$199,132,982
93$286,397,313$60,893,672$37,955,293$218,283,542
94$315,541,341$63,808,964$39,158,297$239,340,232
95$347,655,902$66,864,947$40,399,444$262,495,468
96$383,043,923$70,068,448$41,679,944$287,961,205
97$422,039,226$73,426,625$43,001,045$315,970,923
98$465,009,681$76,946,985$44,364,035$346,781,823
99$512,360,681$80,637,399$45,770,242$380,677,235
100$564,538,963$84,506,124$47,221,038$417,969,286