Can I retire at age 63 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,228,673
2 years$641,827$629,874$618,289$607,057$596,162$572,808
3 years$423,635$411,630$400,074$388,947$378,230$355,516
4 years$314,560$302,591$291,151$280,215$269,757$247,859
5 years$249,132$237,235$225,945$215,232$205,065$184,045
6 years$205,527$193,720$182,598$172,122$162,261$142,143
7 years$174,394$162,686$151,739$141,511$131,961$112,750
8 years$151,054$139,452$128,687$118,710$109,475$91,165
9 years$132,910$121,418$110,838$101,115$92,194$74,775
10 years$118,404$107,024$96,631$87,162$78,553$62,010
11 years$106,543$95,277$85,073$75,857$67,559$51,871
12 years$96,666$85,516$75,500$66,537$58,545$43,691
13 years$88,315$77,281$67,454$58,742$51,052$37,009
14 years$81,163$70,247$60,608$52,145$44,752$31,493
15 years$74,970$64,171$54,721$46,504$39,403$26,903
16 years$69,557$58,876$49,612$41,639$34,825$23,055
17 years$64,785$54,223$45,145$37,412$30,878$19,811
18 years$60,549$50,104$41,212$33,716$27,455$17,062
19 years$56,763$46,436$37,727$30,465$24,472$14,723
20 years$53,359$43,151$34,624$27,592$21,858$12,725
21 years$50,284$40,193$31,848$25,042$19,561$11,014
22 years$47,492$37,519$29,353$22,769$17,533$9,544
23 years$44,947$35,091$27,102$20,736$15,739$8,280
24 years$42,617$32,878$25,065$18,912$14,147$7,189
25 years$40,477$30,854$23,215$17,272$12,730$6,246
26 years$38,505$28,998$21,531$15,792$11,467$5,431
27 years$36,682$27,290$19,993$14,455$10,338$4,725
28 years$34,992$25,716$18,586$13,244$9,328$4,113
29 years$33,421$24,260$17,296$12,145$8,423$3,582
30 years$31,958$22,911$16,111$11,146$7,611$3,120
31 years$30,592$21,658$15,019$10,237$6,881$2,719
32 years$29,314$20,493$14,013$9,408$6,224$2,370
33 years$28,116$19,407$13,084$8,651$5,633$2,066
34 years$26,991$18,394$12,225$7,960$5,100$1,802
35 years$25,933$17,446$11,430$7,328$4,619$1,572
36 years$24,935$16,559$10,692$6,749$4,185$1,371
37 years$23,994$15,727$10,008$6,218$3,793$1,196
38 years$23,104$14,946$9,372$5,731$3,439$1,044
39 years$22,262$14,213$8,780$5,284$3,119$911
40 years$21,464$13,522$8,230$4,874$2,829$795
41 years$20,707$12,872$7,717$4,497$2,566$694
42 years$19,988$12,259$7,239$4,150$2,329$606
43 years$19,305$11,680$6,793$3,831$2,113$529
44 years$18,654$11,133$6,376$3,537$1,918$462
45 years$18,034$10,617$5,987$3,267$1,741$403
46 years$17,442$10,128$5,623$3,018$1,581$352
47 years$16,878$9,665$5,283$2,788$1,436$307
48 years$16,338$9,227$4,964$2,576$1,304$268
49 years$15,822$8,811$4,666$2,381$1,184$234
50 years$15,329$8,417$4,387$2,201$1,076$205

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $15,700,000, adding $5,402 every year, while hoping to spend $41,283 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: 79/7/14 Blend
62$15,700,000$15,700,000$15,700,000$15,700,000
63$17,306,972$16,474,872$16,231,522$18,624,898
64$19,028,359$17,238,216$16,731,353$20,256,266
65$20,923,943$18,037,580$17,246,545$22,039,887
66$23,011,449$18,874,686$17,777,569$23,995,658
67$25,310,409$19,751,338$18,324,910$26,140,784
68$27,842,345$20,669,427$18,889,068$28,494,214
69$30,630,971$21,630,936$19,470,559$31,076,815
70$33,702,422$22,637,944$20,069,914$33,911,567
71$37,085,494$23,692,628$20,687,681$37,023,780
72$40,811,920$24,797,272$21,324,424$40,441,329
73$44,916,668$25,954,271$21,980,725$44,194,917
74$49,438,272$27,166,134$22,657,183$48,318,360
75$54,419,192$28,435,491$23,354,415$52,848,909
76$59,906,220$29,765,101$24,073,058$57,827,592
77$65,950,917$31,157,854$24,813,769$63,299,606
78$72,610,103$32,616,781$25,577,222$69,314,737
79$79,946,390$34,145,060$26,364,116$75,927,828
80$88,028,775$35,746,021$27,175,167$83,199,296
81$96,933,291$37,423,156$28,011,115$91,195,696
82$106,743,723$39,180,127$28,872,724$99,990,350
83$117,552,401$41,020,772$29,760,779$109,664,035
84$129,461,070$42,949,113$30,676,089$120,305,739
85$142,581,850$44,969,371$31,619,489$132,013,505
86$157,038,296$47,085,968$32,591,839$144,895,344
87$172,966,562$49,303,540$33,594,026$159,070,259
88$190,516,688$51,626,950$34,626,962$174,669,362
89$209,854,014$54,061,294$35,691,589$191,837,104
90$231,160,742$56,611,917$36,788,876$210,732,641
91$254,637,658$59,284,421$37,919,824$231,531,328
92$280,506,023$62,084,682$39,085,462$254,426,372
93$309,009,664$65,018,857$40,286,851$279,630,650
94$340,417,275$68,093,407$41,525,086$307,378,714
95$375,024,954$71,315,101$42,801,293$337,929,002
96$413,158,998$74,691,039$44,116,635$371,566,270
97$455,178,981$78,228,665$45,472,307$408,604,278
98$501,481,152$81,935,784$46,869,545$449,388,744
99$552,502,172$85,820,581$48,309,618$494,300,601
100$608,723,241$89,891,636$49,793,836$543,759,591