Can I retire at age 63 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,131,508
2 years$600,947$589,755$578,908$568,391$558,190$517,616
3 years$396,652$385,411$374,592$364,174$354,139$314,956
4 years$294,524$283,318$272,607$262,367$252,575$215,082
5 years$233,263$222,125$211,554$201,523$192,003$156,300
6 years$192,436$181,382$170,967$161,159$151,926$118,039
7 years$163,286$152,324$142,074$132,498$123,556$91,481
8 years$141,433$130,570$120,490$111,149$102,502$72,211
9 years$124,445$113,684$103,778$94,674$86,321$57,777
10 years$110,862$100,207$90,476$81,610$73,550$46,705
11 years$99,757$89,209$79,654$71,025$63,256$38,056
12 years$90,509$80,069$70,691$62,299$54,816$31,203
13 years$82,690$72,359$63,158$55,001$47,801$25,712
14 years$75,993$65,772$56,747$48,823$41,902$21,272
15 years$70,195$60,084$51,235$43,542$36,894$17,656
16 years$65,127$55,126$46,452$38,987$32,607$14,693
17 years$60,659$50,769$42,270$35,029$28,911$12,255
18 years$56,692$46,913$38,587$31,569$25,707$10,239
19 years$53,147$43,478$35,324$28,525$22,913$8,568
20 years$49,961$40,402$32,419$25,835$20,466$7,179
21 years$47,081$37,633$29,819$23,447$18,315$6,021
22 years$44,467$35,129$27,483$21,318$16,417$5,054
23 years$42,084$32,856$25,376$19,415$14,737$4,245
24 years$39,903$30,784$23,468$17,708$13,246$3,568
25 years$37,899$28,889$21,736$16,172$11,919$3,001
26 years$36,052$27,151$20,159$14,787$10,736$2,524
27 years$34,345$25,552$18,720$13,535$9,680$2,124
28 years$32,763$24,078$17,402$12,401$8,734$1,788
29 years$31,293$22,714$16,194$11,372$7,887$1,506
30 years$29,923$21,451$15,084$10,436$7,126$1,268
31 years$28,644$20,279$14,063$9,585$6,443$1,068
32 years$27,447$19,188$13,121$8,809$5,828$900
33 years$26,326$18,171$12,251$8,100$5,274$758
34 years$25,272$17,222$11,447$7,453$4,775$639
35 years$24,281$16,335$10,702$6,861$4,325$539
36 years$23,347$15,504$10,011$6,319$3,919$454
37 years$22,466$14,725$9,370$5,822$3,552$383
38 years$21,633$13,994$8,775$5,366$3,220$323
39 years$20,844$13,307$8,221$4,948$2,920$272
40 years$20,097$12,661$7,706$4,564$2,648$229
41 years$19,388$12,052$7,225$4,211$2,403$193
42 years$18,715$11,478$6,778$3,886$2,180$163
43 years$18,075$10,936$6,360$3,587$1,979$137
44 years$17,466$10,424$5,970$3,312$1,796$116
45 years$16,885$9,941$5,606$3,059$1,631$98
46 years$16,331$9,483$5,265$2,825$1,480$82
47 years$15,803$9,050$4,946$2,610$1,344$69
48 years$15,298$8,639$4,648$2,412$1,221$59
49 years$14,815$8,250$4,369$2,229$1,109$49
50 years$14,352$7,881$4,107$2,060$1,007$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,700,000, adding $5,370 every year, while hoping to spend $35,858 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: 54/31/15 Blend
62$14,700,000$14,700,000$14,700,000$14,700,000
63$16,204,939$15,425,839$15,197,989$17,015,215
64$17,819,690$16,143,553$15,668,969$18,285,818
65$19,597,944$16,895,232$16,154,525$19,663,824
66$21,556,340$17,682,505$16,655,108$21,162,935
67$23,713,214$18,507,074$17,171,181$22,794,690
68$26,088,770$19,370,729$17,703,224$24,571,767
69$28,705,273$20,275,343$18,251,729$26,508,101
70$31,587,255$21,222,879$18,817,207$28,619,009
71$34,761,751$22,215,396$19,400,180$30,921,330
72$38,258,553$23,255,054$20,001,189$33,433,577
73$42,110,489$24,344,115$20,620,792$36,176,109
74$46,353,733$25,484,951$21,259,563$39,171,312
75$51,028,150$26,680,049$21,918,094$42,443,810
76$56,177,666$27,932,017$22,596,995$46,020,685
77$61,850,690$29,243,587$23,296,896$49,931,731
78$68,100,563$30,617,626$24,018,445$54,209,723
79$74,986,068$32,057,137$24,762,311$58,890,722
80$82,571,981$33,565,271$25,529,182$64,014,405
81$90,929,683$35,145,329$26,319,770$69,624,435
82$100,137,835$36,800,774$27,134,806$75,768,860
83$110,283,117$38,535,236$27,975,045$82,500,561
84$121,461,052$40,352,519$28,841,266$89,877,738
85$133,776,902$42,256,615$29,734,271$97,964,453
86$147,346,663$44,251,707$30,654,886$106,831,222
87$162,298,162$46,342,180$31,603,965$116,555,671
88$178,772,262$48,532,634$32,582,385$127,223,256
89$196,924,190$50,827,890$33,591,051$138,928,059
90$216,925,005$53,233,004$34,630,899$151,773,662
91$238,963,211$55,753,277$35,702,890$165,874,113
92$263,246,538$58,394,267$36,808,016$181,354,990
93$290,003,900$61,161,801$37,947,300$198,354,568
94$319,487,559$64,061,990$39,121,796$217,025,115
95$351,975,503$67,101,241$40,332,589$237,534,308
96$387,774,075$70,286,273$41,580,802$260,066,804
97$427,220,859$73,624,128$42,867,587$284,825,961
98$470,687,870$77,122,194$44,194,135$312,035,746
99$518,585,067$80,788,216$45,561,672$341,942,826
100$571,364,220$84,630,314$46,971,464$374,818,877