Can I retire at age 63 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,157,235
2 years$617,299$605,802$594,660$583,857$573,379$526,734
3 years$407,445$395,899$384,785$374,083$363,775$318,814
4 years$302,538$291,027$280,025$269,506$259,447$216,513
5 years$239,611$228,169$217,311$207,006$197,228$156,429
6 years$197,673$186,317$175,619$165,545$156,060$117,424
7 years$167,729$156,469$145,940$136,103$126,918$90,433
8 years$145,281$134,123$123,769$114,174$105,291$70,919
9 years$127,831$116,778$106,602$97,251$88,670$56,362
10 years$113,879$102,934$92,938$83,831$75,551$45,245
11 years$102,471$91,636$81,821$72,958$64,977$36,603
12 years$92,972$82,248$72,614$63,994$56,307$29,792
13 years$84,940$74,328$64,876$56,497$49,101$24,365
14 years$78,061$67,562$58,292$50,152$43,042$20,003
15 years$72,105$61,719$52,629$44,727$37,897$16,473
16 years$66,899$56,626$47,716$40,048$33,494$13,600
17 years$62,310$52,150$43,420$35,983$29,698$11,251
18 years$58,235$48,189$39,637$32,428$26,406$9,324
19 years$54,593$44,661$36,286$29,301$23,536$7,737
20 years$51,320$41,502$33,301$26,538$21,023$6,428
21 years$48,362$38,657$30,631$24,085$18,813$5,345
22 years$45,677$36,085$28,231$21,899$16,863$4,448
23 years$43,229$33,750$26,066$19,943$15,138$3,704
24 years$40,988$31,621$24,107$18,190$13,606$3,087
25 years$38,930$29,675$22,328$16,612$12,243$2,573
26 years$37,033$27,890$20,708$15,189$11,028$2,145
27 years$35,280$26,247$19,229$13,903$9,943$1,790
28 years$33,655$24,733$17,876$12,738$8,972$1,493
29 years$32,144$23,333$16,635$11,681$8,101$1,246
30 years$30,737$22,035$15,495$10,720$7,320$1,040
31 years$29,423$20,830$14,445$9,846$6,618$868
32 years$28,194$19,710$13,478$9,048$5,986$725
33 years$27,042$18,666$12,584$8,321$5,418$605
34 years$25,960$17,691$11,758$7,656$4,905$505
35 years$24,942$16,779$10,993$7,048$4,443$422
36 years$23,982$15,926$10,284$6,491$4,025$353
37 years$23,077$15,126$9,625$5,980$3,648$294
38 years$22,221$14,375$9,014$5,512$3,308$246
39 years$21,411$13,669$8,445$5,083$2,999$205
40 years$20,644$13,005$7,915$4,688$2,721$172
41 years$19,916$12,380$7,422$4,325$2,468$143
42 years$19,225$11,790$6,962$3,992$2,240$120
43 years$18,567$11,234$6,533$3,685$2,033$100
44 years$17,941$10,708$6,132$3,402$1,845$84
45 years$17,345$10,211$5,758$3,142$1,675$70
46 years$16,776$9,741$5,408$2,902$1,521$58
47 years$16,233$9,296$5,081$2,681$1,381$49
48 years$15,714$8,874$4,775$2,478$1,254$41
49 years$15,218$8,474$4,488$2,290$1,139$34
50 years$14,743$8,095$4,219$2,117$1,035$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $15,100,000, adding $4,071 every year, while hoping to spend $48,766 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: 50/41/9 Blend
62$15,100,000$15,100,000$15,100,000$15,100,000
63$16,644,399$15,844,099$15,610,049$17,437,110
64$18,290,241$16,568,573$16,081,099$18,703,529
65$20,102,325$17,326,912$16,566,295$20,073,393
66$22,097,555$18,120,724$17,066,059$21,560,786
67$24,294,560$18,951,694$17,580,826$23,176,737
68$26,713,865$19,821,587$18,111,044$24,933,357
69$29,378,089$20,732,254$18,657,174$26,843,949
70$32,312,155$21,685,636$19,219,690$28,923,124
71$35,543,528$22,683,765$19,799,082$31,186,933
72$39,102,469$23,728,771$20,395,854$33,653,016
73$43,022,329$24,822,888$21,010,522$36,340,756
74$47,339,853$25,968,456$21,643,621$39,271,457
75$52,095,535$27,167,929$22,295,700$42,468,537
76$57,333,999$28,423,876$22,967,325$45,957,742
77$63,104,414$29,738,993$23,659,077$49,767,379
78$69,460,966$31,116,105$24,371,558$53,928,574
79$76,463,362$32,558,173$25,105,383$58,475,557
80$84,177,401$34,068,299$25,861,189$63,445,977
81$92,675,587$35,649,737$26,639,631$68,881,244
82$102,037,819$37,305,896$27,441,380$74,826,911
83$112,352,142$39,040,350$28,267,132$81,333,093
84$123,715,580$40,856,847$29,117,600$88,454,929
85$136,235,050$42,759,313$29,993,520$96,253,087
86$150,028,370$44,751,864$30,895,648$104,794,327
87$165,225,376$46,838,817$31,824,764$114,152,116
88$181,969,140$49,024,696$32,781,670$124,407,309
89$200,417,328$51,314,241$33,767,192$135,648,894
90$220,743,682$53,712,426$34,782,179$147,974,823
91$243,139,664$56,224,461$35,827,509$161,492,912
92$267,816,260$58,855,810$36,904,080$176,321,850
93$295,005,973$61,612,199$38,012,822$192,592,296
94$324,965,020$64,499,634$39,154,689$210,448,096
95$357,975,745$67,524,410$40,330,664$230,047,622
96$394,349,289$70,693,124$41,541,759$251,565,244
97$434,428,526$74,012,696$42,789,017$275,192,959
98$478,591,296$77,490,379$44,073,510$301,142,176
99$527,253,977$81,133,776$45,396,342$329,645,693
100$580,875,413$84,950,861$46,758,649$360,959,867