Can I retire at age 60 with 7,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$619,343$613,826$608,444$603,190$598,061$594,291
2 years$306,605$300,895$295,361$289,995$284,791$280,989
3 years$202,373$196,638$191,118$185,803$180,683$176,966
4 years$150,267$144,550$139,085$133,860$128,865$125,261
5 years$119,012$113,329$107,936$102,818$97,961$94,482
6 years$98,182$92,542$87,228$82,224$77,513$74,162
7 years$83,309$77,716$72,487$67,601$63,039$59,818
8 years$72,160$66,617$61,475$56,709$52,297$49,207
9 years$63,492$58,002$52,948$48,303$44,041$41,081
10 years$56,562$51,126$46,161$41,638$37,526$34,693
11 years$50,896$45,515$40,640$36,237$32,273$29,567
12 years$46,178$40,851$36,067$31,785$27,967$25,385
13 years$42,189$36,918$32,223$28,062$24,388$21,927
14 years$38,772$33,557$28,953$24,910$21,378$19,035
15 years$35,814$30,655$26,140$22,215$18,823$16,595
16 years$33,228$28,126$23,700$19,891$16,636$14,520
17 years$30,948$25,903$21,566$17,872$14,751$12,743
18 years$28,925$23,935$19,687$16,106$13,116$11,213
19 years$27,116$22,183$18,023$14,554$11,690$9,889
20 years$25,490$20,613$16,540$13,181$10,442$8,739
21 years$24,021$19,201$15,214$11,963$9,344$7,736
22 years$22,687$17,923$14,022$10,877$8,376$6,858
23 years$21,471$16,763$12,947$9,906$7,519$6,087
24 years$20,358$15,706$11,974$9,035$6,758$5,410
25 years$19,336$14,739$11,090$8,251$6,081$4,813
26 years$18,394$13,852$10,285$7,544$5,478$4,285
27 years$17,523$13,037$9,551$6,905$4,939$3,818
28 years$16,716$12,284$8,879$6,327$4,456$3,405
29 years$15,966$11,589$8,262$5,802$4,024$3,038
30 years$15,267$10,945$7,696$5,325$3,636$2,712
31 years$14,614$10,346$7,175$4,890$3,287$2,423
32 years$14,004$9,790$6,694$4,494$2,973$2,165
33 years$13,431$9,271$6,251$4,133$2,691$1,935
34 years$12,894$8,787$5,840$3,803$2,436$1,731
35 years$12,388$8,334$5,460$3,500$2,207$1,548
36 years$11,912$7,910$5,108$3,224$1,999$1,385
37 years$11,462$7,513$4,781$2,970$1,812$1,240
38 years$11,037$7,140$4,477$2,738$1,643$1,110
39 years$10,635$6,789$4,194$2,524$1,490$994
40 years$10,254$6,460$3,931$2,328$1,351$890
41 years$9,892$6,149$3,686$2,148$1,226$797
42 years$9,549$5,856$3,458$1,983$1,112$714
43 years$9,222$5,580$3,245$1,830$1,010$640
44 years$8,911$5,319$3,046$1,690$916$573
45 years$8,615$5,072$2,860$1,561$832$514
46 years$8,332$4,838$2,686$1,442$755$460
47 years$8,063$4,617$2,524$1,332$686$412
48 years$7,805$4,408$2,372$1,231$623$370
49 years$7,558$4,209$2,229$1,137$566$331
50 years$7,323$4,021$2,096$1,051$514$297

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $7,500,000, adding $3,038 every year, while hoping to spend $34,487 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: 25/50/25 Blend
59$7,500,000$7,500,000$7,500,000$7,500,000
60$8,268,134$7,870,634$7,754,384$8,409,374
61$9,074,789$8,219,601$7,977,462$8,874,604
62$9,962,568$8,584,512$8,206,857$9,369,920
63$10,939,708$8,966,111$8,442,745$9,900,288
64$12,015,287$9,365,178$8,685,305$10,468,664
65$13,199,305$9,782,531$8,934,722$11,078,280
66$14,502,786$10,219,027$9,191,186$11,732,671
67$15,937,871$10,675,560$9,454,892$12,435,703
68$17,517,943$11,153,072$9,726,040$13,191,606
69$19,257,746$11,652,545$10,004,835$14,005,014
70$21,173,528$12,175,011$10,291,489$14,880,996
71$23,283,191$12,721,551$10,586,218$15,825,107
72$25,606,464$13,293,294$10,889,243$16,843,435
73$28,165,085$13,891,427$11,200,795$17,942,647
74$30,983,008$14,517,192$11,521,106$19,130,057
75$34,086,630$15,171,889$11,850,418$20,413,681
76$37,505,037$15,856,882$12,188,977$21,802,310
77$41,270,280$16,573,599$12,537,038$23,305,590
78$45,417,680$17,323,537$12,894,860$24,934,105
79$49,986,157$18,108,263$13,262,711$26,699,467
80$55,018,598$18,929,421$13,640,865$28,614,425
81$60,562,265$19,788,732$14,029,603$30,692,976
82$66,669,236$20,688,001$14,429,215$32,950,488
83$73,396,901$21,629,116$14,839,997$35,403,840
84$80,808,501$22,614,059$15,262,254$38,071,572
85$88,973,726$23,644,906$15,696,297$40,974,054
86$97,969,371$24,723,830$16,142,447$44,133,667
87$107,880,061$25,853,113$16,601,034$47,575,004
88$118,799,054$27,035,141$17,072,395$51,325,100
89$130,829,113$28,272,419$17,556,875$55,413,666
90$144,083,483$29,567,568$18,054,832$59,873,372
91$158,686,958$30,923,339$18,566,628$64,740,132
92$174,777,057$32,342,611$19,092,639$70,053,442
93$192,505,323$33,828,405$19,633,249$75,856,734
94$212,038,753$35,383,885$20,188,850$82,197,779
95$233,561,377$37,012,366$20,759,848$89,129,120
96$257,275,991$38,717,325$21,346,656$96,708,557
97$283,406,072$40,502,405$21,949,699$104,999,680
98$312,197,892$42,371,424$22,569,415$114,072,452
99$343,922,837$44,328,383$23,206,250$124,003,854
100$378,879,969$46,377,476$23,860,662$134,878,596