Can I retire at age 63 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,238,994
2 years$654,092$641,910$630,104$618,657$607,554$570,702
3 years$431,730$419,495$407,719$396,379$385,457$349,777
4 years$320,570$308,373$296,715$285,569$274,911$240,676
5 years$253,892$241,768$230,263$219,344$208,983$176,287
6 years$209,455$197,422$186,087$175,411$165,361$134,234
7 years$177,726$165,795$154,639$144,215$134,483$104,924
8 years$153,940$142,117$131,146$120,979$111,567$83,559
9 years$135,450$123,738$112,956$103,047$93,955$67,471
10 years$120,667$109,069$98,478$88,828$80,054$55,058
11 years$108,579$97,098$86,698$77,307$68,850$45,299
12 years$98,513$87,150$76,942$67,808$59,664$37,513
13 years$90,002$78,758$68,743$59,865$52,028$31,227
14 years$82,714$71,589$61,766$53,141$45,607$26,105
15 years$76,403$65,398$55,766$47,392$40,156$21,899
16 years$70,886$60,001$50,560$42,435$35,490$18,423
17 years$66,023$55,259$46,008$38,127$31,468$15,536
18 years$61,706$51,062$41,999$34,360$27,980$13,126
19 years$57,847$47,323$38,448$31,048$24,939$11,109
20 years$54,379$43,975$35,286$28,120$22,276$9,415
21 years$51,245$40,961$32,456$25,520$19,935$7,988
22 years$48,400$38,236$29,913$23,204$17,869$6,784
23 years$45,806$35,761$27,620$21,132$16,040$5,767
24 years$43,431$33,506$25,544$19,274$14,417$4,905
25 years$41,250$31,444$23,659$17,602$12,973$4,175
26 years$39,241$29,552$21,942$16,094$11,686$3,555
27 years$37,383$27,812$20,375$14,731$10,536$3,028
28 years$35,661$26,207$18,941$13,497$9,506$2,581
29 years$34,060$24,723$17,627$12,377$8,584$2,200
30 years$32,569$23,348$16,418$11,359$7,756$1,876
31 years$31,177$22,072$15,306$10,433$7,012$1,600
32 years$29,875$20,885$14,281$9,588$6,343$1,365
33 years$28,654$19,778$13,334$8,817$5,741$1,164
34 years$27,507$18,745$12,459$8,112$5,197$993
35 years$26,428$17,779$11,648$7,468$4,708$848
36 years$25,412$16,875$10,897$6,878$4,265$724
37 years$24,452$16,028$10,199$6,337$3,866$618
38 years$23,546$15,232$9,551$5,841$3,505$527
39 years$22,688$14,484$8,948$5,385$3,178$450
40 years$21,875$13,780$8,387$4,967$2,883$384
41 years$21,103$13,118$7,864$4,583$2,615$328
42 years$20,370$12,493$7,377$4,230$2,373$280
43 years$19,674$11,903$6,922$3,904$2,154$239
44 years$19,010$11,346$6,498$3,605$1,955$204
45 years$18,378$10,820$6,101$3,329$1,775$174
46 years$17,776$10,322$5,731$3,075$1,611$149
47 years$17,200$9,850$5,384$2,841$1,463$127
48 years$16,650$9,403$5,059$2,625$1,329$109
49 years$16,125$8,979$4,755$2,426$1,207$93
50 years$15,622$8,577$4,471$2,243$1,096$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $16,000,000, adding $6,133 every year, while hoping to spend $38,945 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: 45/31/24 Blend
62$16,000,000$16,000,000$16,000,000$16,000,000
63$17,638,326$16,790,326$16,542,326$18,309,613
64$19,395,998$17,571,615$17,055,057$19,565,790
65$21,331,648$18,389,882$17,583,659$20,922,975
66$23,463,387$19,246,897$18,128,623$22,394,063
67$25,811,175$20,144,517$18,690,454$23,989,681
68$28,397,004$21,084,689$19,269,674$25,721,497
69$31,245,111$22,069,450$19,866,820$27,602,326
70$34,382,200$23,100,941$20,482,447$29,646,245
71$37,837,700$24,181,403$21,117,124$31,868,717
72$41,644,040$25,313,186$21,771,442$34,286,734
73$45,836,953$26,498,753$22,446,006$36,918,969
74$50,455,818$27,740,688$23,141,443$39,785,944
75$55,544,027$29,041,697$23,858,397$42,910,218
76$61,149,397$30,404,620$24,597,533$46,316,593
77$67,324,622$31,832,432$25,359,536$50,032,335
78$74,127,765$33,328,254$26,145,113$54,087,430
79$81,622,815$34,895,356$26,954,992$58,514,852
80$89,880,281$36,537,167$27,789,923$63,350,871
81$98,977,865$38,257,284$28,650,681$68,635,378
82$109,001,191$40,059,474$29,538,062$74,412,258
83$120,044,615$41,947,691$30,452,890$80,729,793
84$132,212,115$43,926,078$31,396,012$87,641,102
85$145,618,274$45,998,978$32,368,300$95,204,637
86$160,389,357$48,170,947$33,370,658$103,484,717
87$176,664,508$50,446,760$34,404,011$112,552,128
88$194,597,060$52,831,424$35,469,318$122,484,773
89$214,355,986$55,330,189$36,567,566$133,368,396
90$236,127,487$57,948,559$37,699,770$145,297,380
91$260,116,758$60,692,306$38,866,980$158,375,615
92$286,549,920$63,567,481$40,070,276$172,717,472
93$315,676,153$66,580,429$41,310,771$188,448,859
94$347,770,053$69,737,803$42,589,615$205,708,397
95$383,134,222$73,046,578$43,907,990$224,648,707
96$422,102,122$76,514,070$45,267,117$245,437,836
97$465,041,226$80,147,947$46,668,253$268,260,820
98$512,356,486$83,956,252$48,112,696$293,321,411
99$564,494,157$87,947,417$49,601,780$320,843,980
100$621,946,005$92,130,285$51,136,883$351,075,613