Can I retire at age 63 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,232,899
2 years$658,180$645,922$634,042$622,523$611,351$560,663
3 years$434,428$422,117$410,267$398,857$387,866$339,025
4 years$322,574$310,301$298,569$287,354$276,629$230,006
5 years$255,479$243,280$231,702$220,715$210,289$166,003
6 years$210,764$198,656$187,250$176,508$166,395$124,473
7 years$178,837$166,831$155,605$145,117$135,323$95,751
8 years$154,902$143,005$131,966$121,735$112,264$75,001
9 years$136,297$124,512$113,662$103,691$94,542$59,533
10 years$121,421$109,751$99,093$89,383$80,555$47,730
11 years$109,257$97,705$87,240$77,790$69,280$38,563
12 years$99,129$87,694$77,423$68,232$60,036$31,345
13 years$90,565$79,250$69,173$60,239$52,353$25,600
14 years$83,231$72,036$62,152$53,473$45,892$20,987
15 years$76,880$65,806$56,115$47,689$40,407$17,259
16 years$71,329$60,376$50,876$42,700$35,712$14,228
17 years$66,436$55,604$46,295$38,366$31,665$11,754
18 years$62,092$51,381$42,262$34,575$28,155$9,726
19 years$58,209$47,619$38,689$31,242$25,095$8,058
20 years$54,719$44,250$35,506$28,295$22,415$6,685
21 years$51,565$41,217$32,659$25,680$20,059$5,550
22 years$48,702$38,475$30,100$23,349$17,980$4,612
23 years$46,092$35,985$27,792$21,264$16,140$3,834
24 years$43,703$33,715$25,703$19,394$14,507$3,190
25 years$41,508$31,640$23,806$17,712$13,054$2,654
26 years$39,486$29,737$22,079$16,195$11,759$2,210
27 years$37,616$27,986$20,502$14,824$10,601$1,840
28 years$35,883$26,371$19,060$13,582$9,566$1,533
29 years$34,273$24,878$17,737$12,455$8,638$1,277
30 years$32,773$23,494$16,521$11,430$7,805$1,064
31 years$31,372$22,210$15,402$10,498$7,056$887
32 years$30,061$21,015$14,370$9,648$6,383$739
33 years$28,833$19,902$13,418$8,872$5,777$616
34 years$27,679$18,862$12,537$8,163$5,230$514
35 years$26,593$17,891$11,721$7,514$4,737$428
36 years$25,571$16,981$10,965$6,921$4,292$357
37 years$24,605$16,128$10,263$6,376$3,890$298
38 years$23,693$15,327$9,611$5,877$3,527$248
39 years$22,829$14,575$9,004$5,419$3,198$207
40 years$22,011$13,867$8,440$4,998$2,901$173
41 years$21,235$13,200$7,914$4,612$2,632$144
42 years$20,498$12,571$7,423$4,256$2,388$120
43 years$19,797$11,978$6,966$3,929$2,167$100
44 years$19,129$11,417$6,539$3,628$1,967$84
45 years$18,493$10,887$6,139$3,350$1,786$70
46 years$17,887$10,386$5,766$3,095$1,621$58
47 years$17,308$9,911$5,417$2,859$1,472$48
48 years$16,754$9,462$5,091$2,642$1,337$40
49 years$16,225$9,035$4,785$2,442$1,214$34
50 years$15,719$8,631$4,499$2,257$1,103$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $16,100,000, adding $6,343 every year, while hoping to spend $34,552 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: 71/7/22 Blend
62$16,100,000$16,100,000$16,100,000$16,100,000
63$17,748,743$16,895,443$16,645,893$18,911,836
64$19,522,352$17,686,556$17,166,767$20,479,669
65$21,475,710$18,515,277$17,703,933$22,191,101
66$23,627,117$19,383,410$18,257,899$24,064,206
67$25,996,735$20,292,849$18,829,191$26,115,020
68$28,606,784$21,245,580$19,418,350$28,361,196
69$31,481,746$22,243,683$20,025,935$30,822,171
70$34,648,602$23,289,342$20,652,522$33,519,345
71$38,137,082$24,384,843$21,298,704$36,476,283
72$41,979,949$25,532,584$21,965,095$39,718,934
73$46,213,304$26,735,081$22,652,326$43,275,874
74$50,876,930$27,994,970$23,361,048$47,178,572
75$56,014,668$29,315,013$24,091,934$51,461,684
76$61,674,825$30,698,110$24,845,675$56,163,379
77$67,910,638$32,147,299$25,622,986$61,325,695
78$74,780,771$33,665,764$26,424,604$66,994,933
79$82,349,870$35,256,847$27,251,289$73,222,093
80$90,689,173$36,924,049$28,103,823$80,063,347
81$99,877,183$38,671,042$28,983,015$87,580,572
82$110,000,408$40,501,675$29,889,699$95,841,925
83$121,154,178$42,419,986$30,824,732$104,922,486
84$133,443,546$44,430,206$31,789,002$114,904,963
85$146,984,275$46,536,773$32,783,421$125,880,466
86$161,903,937$48,744,342$33,808,932$137,949,365
87$178,343,114$51,057,790$34,866,506$151,222,234
88$196,456,724$53,482,234$35,957,146$165,820,887
89$216,415,484$56,023,037$37,081,885$181,879,526
90$238,407,523$58,685,826$38,241,788$199,546,002
91$262,640,157$61,476,498$39,437,954$218,983,207
92$289,341,844$64,401,237$40,671,516$240,370,602
93$318,764,343$67,466,528$41,943,643$263,905,911
94$351,185,090$70,679,173$43,255,540$289,806,979
95$386,909,817$74,046,300$44,608,448$318,313,824
96$426,275,438$77,575,388$46,003,651$349,690,893
97$469,653,228$81,274,277$47,442,468$384,229,556
98$517,452,330$85,151,190$48,926,263$422,250,850
99$570,123,616$89,214,746$50,456,441$464,108,498
100$628,163,944$93,473,988$52,034,452$510,192,245