Can I retire at age 63 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,300,062
2 years$670,444$657,958$645,856$634,123$622,742$614,977
3 years$442,523$429,982$417,912$406,289$395,093$387,500
4 years$328,585$316,083$304,133$292,708$281,784$274,421
5 years$260,239$247,813$236,019$224,828$214,208$207,098
6 years$214,691$202,358$190,739$179,797$169,495$162,647
7 years$182,169$169,940$158,505$147,821$137,845$131,261
8 years$157,789$145,670$134,425$124,003$114,356$108,037
9 years$138,836$126,832$115,780$105,623$96,304$90,249
10 years$123,683$111,796$100,940$91,048$82,056$76,261
11 years$111,293$99,525$88,866$79,239$70,571$65,033
12 years$100,976$89,329$78,866$69,503$61,155$55,869
13 years$92,252$80,727$70,462$61,361$53,328$48,289
14 years$84,782$73,379$63,310$54,470$46,747$41,948
15 years$78,313$67,033$57,160$48,577$41,160$36,596
16 years$72,658$61,501$51,824$43,496$36,377$32,041
17 years$67,674$56,640$47,158$39,081$32,255$28,140
18 years$63,249$52,338$43,049$35,219$28,679$24,779
19 years$59,294$48,506$39,409$31,824$25,563$21,869
20 years$55,738$45,075$36,168$28,823$22,833$19,339
21 years$52,526$41,985$33,268$26,158$20,433$17,131
22 years$49,610$39,192$30,661$23,784$18,315$15,198
23 years$46,951$36,655$28,310$21,660$16,441$13,501
24 years$44,517$34,343$26,182$19,756$14,777$12,008
25 years$42,282$32,230$24,250$18,042$13,297$10,690
26 years$40,222$30,291$22,491$16,497$11,978$9,526
27 years$38,317$28,507$20,885$15,100$10,799$8,495
28 years$36,552$26,862$19,415$13,835$9,744$7,581
29 years$34,912$25,341$18,067$12,687$8,799$6,770
30 years$33,383$23,932$16,829$11,643$7,950$6,049
31 years$31,956$22,624$15,689$10,693$7,188$5,407
32 years$30,621$21,407$14,638$9,827$6,502$4,836
33 years$29,370$20,273$13,668$9,037$5,884$4,327
34 years$28,195$19,214$12,770$8,315$5,327$3,872
35 years$27,089$18,224$11,939$7,654$4,825$3,467
36 years$26,047$17,297$11,169$7,049$4,372$3,105
37 years$25,064$16,428$10,454$6,495$3,962$2,781
38 years$24,134$15,613$9,790$5,987$3,592$2,492
39 years$23,255$14,846$9,172$5,520$3,258$2,233
40 years$22,421$14,125$8,597$5,091$2,955$2,001
41 years$21,631$13,446$8,061$4,698$2,681$1,794
42 years$20,880$12,805$7,562$4,335$2,432$1,608
43 years$20,165$12,201$7,096$4,002$2,208$1,442
44 years$19,486$11,630$6,660$3,695$2,004$1,293
45 years$18,838$11,090$6,254$3,413$1,819$1,160
46 years$18,220$10,580$5,874$3,152$1,652$1,040
47 years$17,630$10,096$5,518$2,912$1,500$933
48 years$17,067$9,638$5,186$2,691$1,362$837
49 years$16,528$9,204$4,874$2,487$1,237$751
50 years$16,012$8,792$4,582$2,299$1,124$674

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $16,400,000, adding $3,388 every year, while hoping to spend $54,277 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: 71/14/15 Blend
62$16,400,000$16,400,000$16,400,000$16,400,000
63$18,076,295$17,207,095$16,952,895$19,298,116
64$19,862,326$17,992,492$17,463,066$20,895,139
65$21,828,714$18,814,555$17,988,510$22,636,019
66$23,993,797$19,675,022$18,529,679$24,540,444
67$26,377,783$20,575,717$19,087,042$26,624,567
68$29,002,939$21,518,549$19,661,080$28,906,164
69$31,893,802$22,505,520$20,252,288$31,404,805
70$35,077,408$23,538,729$20,861,179$34,142,032
71$38,583,551$24,620,374$21,488,275$37,141,559
72$42,445,060$25,752,760$22,134,119$40,429,495
73$46,698,111$26,938,300$22,799,268$44,034,588
74$51,382,569$28,179,528$23,484,294$47,988,487
75$56,542,362$29,479,095$24,189,788$52,326,044
76$62,225,894$30,839,782$24,916,357$57,085,636
77$68,486,507$32,264,503$25,664,627$62,309,523
78$75,382,980$33,756,313$26,435,242$68,044,243
79$82,980,086$35,318,414$27,228,864$74,341,048
80$91,349,199$36,954,161$28,046,175$81,256,383
81$100,568,974$38,667,071$28,887,879$88,852,415
82$110,726,084$40,460,832$29,754,697$97,197,611
83$121,916,040$42,339,309$30,647,375$106,367,385
84$134,244,092$44,306,551$31,566,679$116,444,800
85$147,826,223$46,366,806$32,513,396$127,521,350
86$162,790,242$48,524,523$33,488,339$139,697,815
87$179,276,992$50,784,370$34,492,344$153,085,208
88$197,441,678$53,151,238$35,526,270$167,805,818
89$217,455,333$55,630,252$36,591,004$183,994,352
90$239,506,431$58,226,788$37,687,456$201,799,210
91$263,802,666$60,946,479$38,816,565$221,383,868
92$290,572,914$63,795,233$39,979,296$242,928,420
93$320,069,393$66,779,241$41,176,644$266,631,271
94$352,570,040$69,904,994$42,409,631$292,710,996
95$388,381,142$73,179,295$43,679,311$321,408,403
96$427,840,217$76,609,280$44,986,767$352,988,790
97$471,319,211$80,202,426$46,333,115$387,744,445
98$519,228,000$83,966,574$47,719,504$425,997,394
99$572,018,263$87,909,944$49,147,114$468,102,430
100$630,187,747$92,041,152$50,617,164$514,450,456