Can I retire at age 63 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,276,727
2 years$662,268$649,934$637,980$626,390$615,148$599,966
3 years$437,126$424,739$412,815$401,334$390,275$375,466
4 years$324,577$312,228$300,424$289,139$278,348$264,025
5 years$257,066$244,791$233,141$222,086$211,595$197,801
6 years$212,073$199,890$188,413$177,604$167,428$154,180
7 years$179,948$167,867$156,572$146,018$136,164$123,466
8 years$155,865$143,893$132,785$122,491$112,961$100,813
9 years$137,143$125,285$114,368$104,335$95,130$83,526
10 years$122,175$110,433$99,709$89,938$81,055$69,989
11 years$109,936$98,312$87,782$78,273$69,710$59,171
12 years$99,744$88,239$77,904$68,656$60,409$50,386
13 years$91,127$79,742$69,602$60,613$52,678$43,159
14 years$83,748$72,484$62,538$53,805$46,177$37,148
15 years$77,358$66,215$56,463$47,985$40,658$32,105
16 years$71,772$60,751$51,192$42,965$35,934$27,841
17 years$66,849$55,950$46,583$38,604$31,861$24,214
18 years$62,477$51,700$42,524$34,790$28,330$21,111
19 years$58,570$47,915$38,929$31,436$25,251$18,445
20 years$55,059$44,525$35,727$28,471$22,555$16,145
21 years$51,886$41,473$32,862$25,839$20,184$14,154
22 years$49,005$38,714$30,287$23,494$18,092$12,426
23 years$46,378$36,208$27,965$21,396$16,240$10,922
24 years$43,974$33,925$25,863$19,515$14,597$9,610
25 years$41,766$31,837$23,954$17,822$13,135$8,463
26 years$39,731$29,921$22,216$16,295$11,832$7,459
27 years$37,850$28,159$20,630$14,916$10,667$6,578
28 years$36,106$26,534$19,178$13,666$9,625$5,805
29 years$34,486$25,032$17,847$12,532$8,691$5,126
30 years$32,976$23,640$16,624$11,501$7,853$4,528
31 years$31,567$22,348$15,498$10,563$7,100$4,002
32 years$30,248$21,146$14,460$9,708$6,423$3,538
33 years$29,012$20,025$13,501$8,927$5,812$3,129
34 years$27,851$18,979$12,615$8,214$5,262$2,768
35 years$26,759$18,002$11,794$7,561$4,766$2,449
36 years$25,729$17,086$11,033$6,964$4,319$2,167
37 years$24,758$16,228$10,327$6,416$3,914$1,918
38 years$23,840$15,422$9,670$5,914$3,549$1,698
39 years$22,971$14,665$9,060$5,453$3,218$1,504
40 years$22,148$13,953$8,492$5,029$2,919$1,332
41 years$21,367$13,282$7,963$4,640$2,648$1,180
42 years$20,625$12,649$7,469$4,282$2,403$1,045
43 years$19,919$12,052$7,009$3,953$2,181$926
44 years$19,248$11,488$6,579$3,650$1,979$820
45 years$18,608$10,955$6,178$3,371$1,797$727
46 years$17,998$10,451$5,802$3,114$1,631$644
47 years$17,415$9,973$5,451$2,877$1,481$571
48 years$16,858$9,521$5,122$2,658$1,345$506
49 years$16,326$9,092$4,815$2,457$1,222$448
50 years$15,817$8,685$4,527$2,271$1,110$397

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $16,200,000, adding $4,506 every year, while hoping to spend $53,937 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: 29/46/25 Blend
62$16,200,000$16,200,000$16,200,000$16,200,000
63$17,857,048$16,998,448$16,747,348$18,236,001
64$19,621,078$17,773,983$17,250,996$19,307,860
65$21,563,232$18,585,712$17,769,708$20,454,357
66$23,701,621$19,435,351$18,303,932$21,685,871
67$26,056,202$20,324,699$18,854,129$23,009,767
68$28,648,966$21,255,641$19,420,774$24,434,106
69$31,504,145$22,230,152$20,004,355$25,967,712
70$34,648,442$23,250,304$20,605,375$27,620,246
71$38,111,280$24,318,265$21,224,352$29,402,294
72$41,925,081$25,436,311$21,861,818$31,325,452
73$46,125,573$26,606,824$22,518,323$33,402,429
74$50,752,126$27,832,302$23,194,431$35,647,159
75$55,848,122$29,115,364$23,890,723$38,074,919
76$61,461,366$30,458,753$24,607,799$40,702,467
77$67,644,539$31,865,346$25,346,273$43,548,185
78$74,455,690$33,338,156$26,106,781$46,632,242
79$81,958,788$34,880,343$26,889,976$49,976,776
80$90,224,323$36,495,218$27,696,529$53,606,085
81$99,329,973$38,186,253$28,527,132$57,546,847
82$109,361,337$39,957,087$29,382,498$61,828,359
83$120,412,741$41,811,532$30,263,359$66,482,794
84$132,588,130$43,753,585$31,170,471$71,545,496
85$146,002,047$45,787,439$32,104,609$77,055,292
86$160,780,715$47,917,483$33,066,573$83,054,848
87$177,063,232$50,148,323$34,057,187$89,591,050
88$195,002,876$52,484,786$35,077,297$96,715,433
89$214,768,559$54,931,929$36,127,776$104,484,642
90$236,546,416$57,495,058$37,209,520$112,960,954
91$260,541,565$60,179,731$38,323,454$122,212,844
92$286,980,043$62,991,776$39,470,529$132,315,605
93$316,110,938$65,937,303$40,651,722$143,352,043
94$348,208,740$69,022,718$41,868,041$155,413,230
95$383,575,935$72,254,735$43,120,524$168,599,342
96$422,545,856$75,640,392$44,410,237$183,020,580
97$465,485,831$79,187,069$45,738,278$198,798,179
98$512,800,653$82,902,503$47,105,778$216,065,527
99$564,936,399$86,794,804$48,513,900$234,969,397
100$622,384,637$90,872,475$49,963,841$255,671,297