Can I retire at age 63 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,201,243
2 years$633,651$621,850$610,413$599,324$588,568$553,823
3 years$418,238$406,386$394,978$383,993$373,411$339,760
4 years$310,552$298,737$287,443$276,645$266,320$234,020
5 years$245,958$234,213$223,067$212,490$202,452$171,592
6 years$202,909$191,253$180,271$169,930$160,194$130,802
7 years$172,172$160,614$149,806$139,709$130,280$102,358
8 years$149,130$137,676$127,048$117,198$108,080$81,612
9 years$131,217$119,871$109,426$99,827$91,019$65,979
10 years$116,896$105,661$95,400$86,052$77,553$53,907
11 years$105,186$94,064$83,989$74,891$66,698$44,409
12 years$95,434$84,426$74,538$65,689$57,799$36,825
13 years$87,190$76,297$66,595$57,994$50,402$30,696
14 years$80,129$69,352$59,836$51,480$44,182$25,697
15 years$74,015$63,354$54,024$45,911$38,901$21,587
16 years$68,671$58,126$48,980$41,109$34,381$18,186
17 years$63,960$53,532$44,570$36,936$30,485$15,358
18 years$59,778$49,466$40,687$33,287$27,106$12,996
19 years$56,040$45,845$37,247$30,077$24,160$11,015
20 years$52,680$42,601$34,183$27,241$21,580$9,349
21 years$49,644$39,681$31,442$24,723$19,312$7,945
22 years$46,887$37,041$28,979$22,479$17,310$6,758
23 years$44,374$34,644$26,757$20,472$15,539$5,753
24 years$42,074$32,459$24,745$18,671$13,966$4,902
25 years$39,961$30,461$22,919$17,052$12,568$4,178
26 years$38,014$28,628$21,256$15,591$11,320$3,564
27 years$36,214$26,943$19,738$14,271$10,206$3,041
28 years$34,546$25,388$18,349$13,075$9,209$2,596
29 years$32,996$23,951$17,076$11,990$8,316$2,216
30 years$31,551$22,619$15,905$11,004$7,514$1,893
31 years$30,203$21,382$14,828$10,106$6,793$1,617
32 years$28,941$20,232$13,835$9,288$6,145$1,382
33 years$27,758$19,160$12,918$8,541$5,561$1,181
34 years$26,647$18,159$12,070$7,859$5,035$1,009
35 years$25,602$17,224$11,284$7,234$4,560$863
36 years$24,618$16,348$10,556$6,663$4,132$738
37 years$23,688$15,527$9,880$6,139$3,745$631
38 years$22,810$14,756$9,252$5,658$3,395$539
39 years$21,979$14,031$8,669$5,217$3,079$461
40 years$21,191$13,350$8,125$4,812$2,793$394
41 years$20,444$12,708$7,619$4,440$2,534$337
42 years$19,734$12,102$7,147$4,097$2,299$288
43 years$19,059$11,531$6,706$3,782$2,086$247
44 years$18,416$10,992$6,295$3,492$1,894$211
45 years$17,804$10,482$5,911$3,225$1,719$180
46 years$17,220$9,999$5,551$2,979$1,561$154
47 years$16,663$9,542$5,216$2,752$1,417$132
48 years$16,130$9,109$4,901$2,543$1,287$113
49 years$15,621$8,699$4,607$2,351$1,169$97
50 years$15,133$8,309$4,331$2,173$1,062$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $15,500,000, adding $2,956 every year, while hoping to spend $58,682 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: 48/45/7 Blend
62$15,500,000$15,500,000$15,500,000$15,500,000
63$17,084,049$16,262,549$16,022,299$17,872,424
64$18,764,185$16,996,977$16,496,609$19,146,953
65$20,613,728$17,765,425$16,984,841$20,523,499
66$22,649,895$18,569,498$17,487,401$22,016,619
67$24,891,659$19,410,878$18,004,703$23,637,174
68$27,359,925$20,291,327$18,537,177$25,397,084
69$30,077,727$21,212,692$19,085,262$27,309,437
70$33,070,448$22,176,906$19,649,411$29,388,606
71$36,366,057$23,185,999$20,230,091$31,650,377
72$39,995,375$24,242,093$20,827,779$34,112,089
73$43,992,363$25,347,415$21,442,969$36,792,794
74$48,394,444$26,504,298$22,076,168$39,713,425
75$53,242,855$27,715,186$22,727,897$42,896,986
76$58,583,037$28,982,642$23,398,693$46,368,763
77$64,465,065$30,309,349$24,089,107$50,156,550
78$70,944,116$31,698,121$24,799,707$54,290,903
79$78,080,994$33,151,907$25,531,075$58,805,419
80$85,942,702$34,673,797$26,283,812$63,737,043
81$94,603,073$36,267,029$27,058,536$69,126,402
82$104,143,470$37,934,997$27,855,881$75,018,183
83$114,653,551$39,681,259$28,676,499$81,461,538
84$126,232,114$41,509,542$29,521,063$88,510,536
85$138,988,034$43,423,753$30,390,263$96,224,661
86$153,041,285$45,427,989$31,284,808$104,669,361
87$168,524,076$47,526,541$32,205,430$113,916,648
88$185,582,099$49,723,908$33,152,878$124,045,764
89$204,375,900$52,024,806$34,127,927$135,143,916
90$225,082,398$54,434,178$35,131,368$147,307,076
91$247,896,553$56,957,204$36,164,020$160,640,876
92$273,033,209$59,599,314$37,226,722$175,261,584
93$300,729,116$62,366,201$38,320,337$191,297,182
94$331,245,172$65,263,830$39,445,754$208,888,553
95$364,868,878$68,298,456$40,603,886$228,190,795
96$401,917,058$71,476,636$41,795,671$249,374,657
97$442,738,847$74,805,239$43,022,075$272,628,131
98$487,718,985$78,291,472$44,284,090$298,158,203
99$537,281,452$81,942,884$45,582,737$326,192,779
100$591,893,466$85,767,392$46,919,065$356,982,813