Can I retire at age 63 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,156,609
2 years$609,123$597,778$586,784$576,124$565,784$534,231
3 years$402,048$390,655$379,688$369,128$358,957$328,375
4 years$298,531$287,173$276,316$265,936$256,011$226,635
5 years$236,437$225,147$214,432$204,264$194,615$166,528
6 years$195,055$183,849$173,293$163,352$153,993$127,219
7 years$165,507$154,396$144,007$134,301$125,237$99,780
8 years$143,357$132,346$122,130$112,661$103,896$79,743
9 years$126,138$115,231$105,190$95,963$87,496$64,625
10 years$112,371$101,571$91,707$82,721$74,551$52,933
11 years$101,114$90,422$80,738$71,992$64,116$43,719
12 years$91,740$81,158$71,653$63,146$55,562$36,347
13 years$83,815$73,343$64,017$55,749$48,451$30,380
14 years$77,027$66,667$57,519$49,488$42,472$25,502
15 years$71,150$60,902$51,932$44,134$37,395$21,484
16 years$66,013$55,876$47,084$39,517$33,050$18,152
17 years$61,484$51,460$42,845$35,506$29,305$15,374
18 years$57,464$47,551$39,112$31,998$26,056$13,047
19 years$53,870$44,070$35,805$28,913$23,225$11,092
20 years$50,640$40,952$32,860$26,186$20,745$9,443
21 years$47,722$38,145$30,225$23,766$18,564$8,049
22 years$45,072$35,607$27,857$21,609$16,640$6,868
23 years$42,657$33,303$25,721$19,679$14,937$5,866
24 years$40,446$31,202$23,787$17,949$13,426$5,013
25 years$38,415$29,282$22,032$16,392$12,081$4,287
26 years$36,543$27,520$20,434$14,988$10,882$3,668
27 years$34,813$25,900$18,974$13,719$9,811$3,140
28 years$33,209$24,405$17,639$12,569$8,853$2,689
29 years$31,718$23,023$16,415$11,526$7,994$2,304
30 years$30,330$21,743$15,290$10,578$7,223$1,974
31 years$29,034$20,555$14,254$9,715$6,530$1,692
32 years$27,821$19,449$13,299$8,929$5,907$1,451
33 years$26,684$18,418$12,418$8,211$5,346$1,244
34 years$25,616$17,456$11,602$7,554$4,840$1,067
35 years$24,611$16,557$10,847$6,954$4,384$915
36 years$23,665$15,715$10,147$6,405$3,972$785
37 years$22,771$14,926$9,498$5,901$3,600$673
38 years$21,927$14,185$8,894$5,439$3,264$578
39 years$21,128$13,488$8,333$5,015$2,960$496
40 years$20,371$12,833$7,811$4,626$2,685$425
41 years$19,652$12,216$7,324$4,268$2,435$365
42 years$18,970$11,634$6,870$3,939$2,210$313
43 years$18,321$11,085$6,447$3,636$2,006$269
44 years$17,703$10,566$6,051$3,357$1,821$231
45 years$17,115$10,076$5,682$3,100$1,653$198
46 years$16,553$9,612$5,337$2,864$1,501$170
47 years$16,018$9,173$5,014$2,646$1,363$146
48 years$15,506$8,757$4,711$2,445$1,237$125
49 years$15,016$8,362$4,428$2,260$1,124$107
50 years$14,548$7,988$4,163$2,089$1,021$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $14,900,000, adding $6,948 every year, while hoping to spend $36,135 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: 37/36/27 Blend
62$14,900,000$14,900,000$14,900,000$14,900,000
63$16,426,967$15,637,267$15,406,317$16,901,783
64$18,064,070$16,365,046$15,883,981$17,980,362
65$19,866,947$17,127,274$16,376,436$19,140,810
66$21,852,468$17,925,603$16,884,139$20,393,620
67$24,039,223$18,761,761$17,407,561$21,747,156
68$26,447,698$19,637,562$17,947,189$23,210,591
69$29,100,467$20,554,906$18,503,523$24,793,987
70$32,022,404$21,515,786$19,077,081$26,508,384
71$35,240,920$22,522,290$19,668,393$28,365,895
72$38,786,219$23,576,608$20,278,010$30,379,815
73$42,691,587$24,681,035$20,906,497$32,564,742
74$46,993,702$25,837,978$21,554,437$34,936,702
75$51,732,980$27,049,960$22,222,432$37,513,295
76$56,953,962$28,319,626$22,911,101$40,313,854
77$62,705,726$29,649,748$23,621,084$43,359,616
78$69,042,358$31,043,234$24,353,038$46,673,915
79$76,023,457$32,503,131$25,107,643$50,282,393
80$83,714,700$34,032,634$25,885,599$54,213,231
81$92,188,460$35,635,094$26,687,627$58,497,405
82$101,524,491$37,314,022$27,514,471$63,168,968
83$111,810,682$39,073,101$28,366,898$68,265,360
84$123,143,880$40,916,192$29,245,698$73,827,748
85$135,630,813$42,847,343$30,151,686$79,901,406
86$149,389,090$44,870,797$31,085,702$86,536,126
87$164,548,316$46,991,004$32,048,611$93,786,672
88$181,251,310$49,212,629$33,041,306$101,713,292
89$199,655,461$51,540,565$34,064,707$110,382,261
90$219,934,205$53,979,941$35,119,762$119,866,500
91$242,278,669$56,536,132$36,207,449$130,246,240
92$266,899,471$59,214,780$37,328,775$141,609,771
93$294,028,707$62,021,795$38,484,780$154,054,250
94$323,922,149$64,963,377$39,676,534$167,686,606
95$356,861,651$68,046,025$40,905,141$182,624,524
96$393,157,815$71,276,555$42,171,738$198,997,541
97$433,152,920$74,662,115$43,477,500$216,948,245
98$477,224,156$78,210,196$44,823,634$236,633,597
99$525,787,181$81,928,657$46,211,387$258,226,394
100$579,300,049$85,825,737$47,642,044$281,916,872