Can I retire at age 63 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,236,736
2 years$650,004$637,898$626,165$614,790$603,756$572,563
3 years$429,031$416,873$405,171$393,902$383,048$352,789
4 years$318,567$306,446$294,860$283,784$273,193$244,101
5 years$252,305$240,257$228,824$217,973$207,677$179,833
6 years$208,146$196,188$184,924$174,315$164,328$137,760
7 years$176,615$164,759$153,672$143,314$133,642$108,354
8 years$152,978$141,229$130,326$120,223$110,869$86,849
9 years$134,604$122,965$112,250$102,403$93,368$70,596
10 years$119,912$108,387$97,862$88,272$79,554$58,004
11 years$107,900$96,491$86,156$76,823$68,419$48,060
12 years$97,897$86,605$76,461$67,384$59,291$40,088
13 years$89,440$78,266$68,313$59,490$51,703$33,620
14 years$82,197$71,141$61,380$52,809$45,322$28,319
15 years$75,925$64,989$55,418$47,096$39,905$23,940
16 years$70,443$59,626$50,244$42,170$35,268$20,299
17 years$65,611$54,913$45,720$37,889$31,271$17,255
18 years$61,320$50,742$41,737$34,146$27,805$14,698
19 years$57,486$47,028$38,208$30,854$24,783$12,543
20 years$54,039$43,700$35,065$27,944$22,137$10,719
21 years$50,925$40,705$32,253$25,361$19,810$9,172
22 years$48,097$37,997$29,726$23,059$17,757$7,857
23 years$45,519$35,538$27,447$21,000$15,940$6,736
24 years$43,160$33,296$25,384$19,153$14,327$5,780
25 years$40,993$31,247$23,511$17,492$12,892$4,963
26 years$38,995$29,367$21,805$15,994$11,613$4,263
27 years$37,149$27,638$20,248$14,639$10,470$3,664
28 years$35,438$26,043$18,823$13,413$9,447$3,151
29 years$33,847$24,569$17,516$12,300$8,530$2,710
30 years$32,366$23,203$16,316$11,288$7,708$2,332
31 years$30,982$21,934$15,211$10,367$6,969$2,007
32 years$29,688$20,754$14,192$9,528$6,304$1,728
33 years$28,475$19,654$13,251$8,762$5,705$1,488
34 years$27,335$18,628$12,381$8,061$5,165$1,281
35 years$26,263$17,668$11,575$7,421$4,678$1,104
36 years$25,253$16,770$10,829$6,835$4,239$951
37 years$24,300$15,927$10,135$6,297$3,842$819
38 years$23,399$15,137$9,491$5,804$3,483$706
39 years$22,546$14,394$8,892$5,352$3,158$608
40 years$21,738$13,694$8,335$4,936$2,865$524
41 years$20,971$13,036$7,815$4,554$2,599$451
42 years$20,243$12,415$7,331$4,203$2,358$389
43 years$19,551$11,829$6,879$3,880$2,140$335
44 years$18,891$11,275$6,457$3,582$1,943$289
45 years$18,263$10,752$6,063$3,309$1,764$249
46 years$17,664$10,257$5,695$3,056$1,601$215
47 years$17,093$9,788$5,350$2,823$1,454$185
48 years$16,546$9,344$5,028$2,609$1,320$160
49 years$16,024$8,923$4,726$2,411$1,199$137
50 years$15,524$8,524$4,443$2,229$1,089$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $15,900,000, adding $3,134 every year, while hoping to spend $26,594 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: 66/9/25 Blend
62$15,900,000$15,900,000$15,900,000$15,900,000
63$17,525,033$16,682,333$16,435,883$18,567,648
64$19,284,290$17,471,471$16,958,189$20,059,170
65$21,222,101$18,298,386$17,497,101$21,685,960
66$23,356,648$19,164,901$18,053,148$23,464,010
67$25,707,972$20,072,926$18,626,873$25,408,213
68$28,298,152$21,024,466$19,218,840$27,534,965
69$31,151,521$22,021,623$19,829,629$29,862,313
70$34,294,893$23,066,599$20,459,839$32,410,120
71$37,757,816$24,161,706$21,110,087$35,200,256
72$41,572,849$25,309,366$21,781,011$38,256,795
73$45,775,873$26,512,118$22,473,268$41,606,244
74$50,406,428$27,772,627$23,187,538$45,277,788
75$55,508,083$29,093,686$23,924,521$49,303,560
76$61,128,854$30,478,223$24,684,938$53,718,947
77$67,321,650$31,929,309$25,469,537$58,562,912
78$74,144,778$33,450,164$26,279,085$63,878,367
79$81,662,488$35,044,165$27,114,378$69,712,567
80$89,945,586$36,714,853$27,976,233$76,117,555
81$99,072,095$38,465,941$28,865,497$83,150,649
82$109,127,999$40,301,322$29,783,041$90,874,978
83$120,208,047$42,225,079$30,729,765$99,360,075
84$132,416,653$44,241,493$31,706,597$108,682,526
85$145,868,879$46,355,054$32,714,496$118,926,690
86$160,691,524$48,570,470$33,754,451$130,185,488
87$177,024,314$50,892,678$34,827,480$142,561,277
88$195,021,230$53,326,856$35,934,636$156,166,812
89$214,851,955$55,878,431$37,077,006$171,126,300
90$236,703,479$58,553,099$38,255,710$187,576,568
91$260,781,862$61,356,829$39,471,905$205,668,352
92$287,314,181$64,295,882$40,726,782$225,567,708
93$316,550,672$67,376,825$42,021,574$247,457,577
94$348,767,094$70,606,543$43,357,551$271,539,501
95$384,267,331$73,992,258$44,736,023$298,035,523
96$423,386,262$77,541,541$46,158,342$327,190,269
97$466,492,918$81,262,334$47,625,904$359,273,257
98$513,993,974$85,162,966$49,140,150$394,581,425
99$566,337,578$89,252,171$50,702,564$433,441,931
100$624,017,591$93,539,107$52,314,680$476,215,229