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

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 $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%16%
1 years$619,343$613,826$608,444$603,190$598,061$583,366
2 years$306,605$300,895$295,361$289,995$284,791$270,077
3 years$202,373$196,638$191,118$185,803$180,683$166,410
4 years$150,267$144,550$139,085$133,860$128,865$115,142
5 years$119,012$113,329$107,936$102,818$97,961$84,827
6 years$98,182$92,542$87,228$82,224$77,513$64,981
7 years$83,309$77,716$72,487$67,601$63,039$51,110
8 years$72,160$66,617$61,475$56,709$52,297$40,966
9 years$63,492$58,002$52,948$48,303$44,041$33,300
10 years$56,562$51,126$46,161$41,638$37,526$27,360
11 years$50,896$45,515$40,640$36,237$32,273$22,670
12 years$46,178$40,851$36,067$31,785$27,967$18,910
13 years$42,189$36,918$32,223$28,062$24,388$15,858
14 years$38,772$33,557$28,953$24,910$21,378$13,358
15 years$35,814$30,655$26,140$22,215$18,823$11,293
16 years$33,228$28,126$23,700$19,891$16,636$9,575
17 years$30,948$25,903$21,566$17,872$14,751$8,139
18 years$28,925$23,935$19,687$16,106$13,116$6,933
19 years$27,116$22,183$18,023$14,554$11,690$5,916
20 years$25,490$20,613$16,540$13,181$10,442$5,056
21 years$24,021$19,201$15,214$11,963$9,344$4,326
22 years$22,687$17,923$14,022$10,877$8,376$3,706
23 years$21,471$16,763$12,947$9,906$7,519$3,177
24 years$20,358$15,706$11,974$9,035$6,758$2,726
25 years$19,336$14,739$11,090$8,251$6,081$2,341
26 years$18,394$13,852$10,285$7,544$5,478$2,011
27 years$17,523$13,037$9,551$6,905$4,939$1,728
28 years$16,716$12,284$8,879$6,327$4,456$1,486
29 years$15,966$11,589$8,262$5,802$4,024$1,278
30 years$15,267$10,945$7,696$5,325$3,636$1,100
31 years$14,614$10,346$7,175$4,890$3,287$947
32 years$14,004$9,790$6,694$4,494$2,973$815
33 years$13,431$9,271$6,251$4,133$2,691$702
34 years$12,894$8,787$5,840$3,803$2,436$604
35 years$12,388$8,334$5,460$3,500$2,207$521
36 years$11,912$7,910$5,108$3,224$1,999$448
37 years$11,462$7,513$4,781$2,970$1,812$386
38 years$11,037$7,140$4,477$2,738$1,643$333
39 years$10,635$6,789$4,194$2,524$1,490$287
40 years$10,254$6,460$3,931$2,328$1,351$247
41 years$9,892$6,149$3,686$2,148$1,226$213
42 years$9,549$5,856$3,458$1,983$1,112$184
43 years$9,222$5,580$3,245$1,830$1,010$158
44 years$8,911$5,319$3,046$1,690$916$136
45 years$8,615$5,072$2,860$1,561$832$117
46 years$8,332$4,838$2,686$1,442$755$101
47 years$8,063$4,617$2,524$1,332$686$87
48 years$7,805$4,408$2,372$1,231$623$75
49 years$7,558$4,209$2,229$1,137$566$65
50 years$7,323$4,021$2,096$1,051$514$56

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 $2,737 every year, while hoping to spend $51,730 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: 44/34/22 Blend
59$7,500,000$7,500,000$7,500,000$7,500,000
60$8,267,823$7,870,323$7,754,073$8,578,781
61$9,056,101$8,200,929$7,958,794$9,129,449
62$9,923,049$8,546,000$8,168,640$9,720,720
63$10,876,638$8,906,192$8,383,727$10,360,590
64$11,925,647$9,282,188$8,604,174$11,053,587
65$13,079,753$9,674,705$8,830,104$11,804,686
66$14,349,616$10,084,493$9,061,640$12,619,351
67$15,746,979$10,512,336$9,298,908$13,503,586
68$17,284,785$10,959,054$9,542,035$14,463,988
69$18,977,293$11,425,508$9,791,154$15,507,807
70$20,840,215$11,912,596$10,046,395$16,643,013
71$22,890,863$12,421,259$10,307,896$17,878,366
72$25,148,313$12,952,483$10,575,792$19,223,499
73$27,633,584$13,507,298$10,850,224$20,689,004
74$30,369,838$14,086,783$11,131,335$22,286,527
75$33,382,594$14,692,069$11,419,267$24,028,879
76$36,699,975$15,324,337$11,714,169$25,930,152
77$40,352,969$15,984,825$12,016,190$28,005,846
78$44,375,720$16,674,829$12,325,480$30,273,014
79$48,805,854$17,395,707$12,642,194$32,750,419
80$53,684,831$18,148,877$12,966,489$35,458,707
81$59,058,339$18,935,827$13,298,521$38,420,597
82$64,976,721$19,758,114$13,638,453$41,661,091
83$71,495,453$20,617,368$13,986,447$45,207,708
84$78,675,665$21,515,294$14,342,669$49,090,734
85$86,584,720$22,453,681$14,707,286$53,343,509
86$95,296,850$23,434,400$15,080,468$58,002,731
87$104,893,852$24,459,409$15,462,387$63,108,801
88$115,465,865$25,530,760$15,853,217$68,706,198
89$127,112,217$26,650,601$16,253,134$74,843,889
90$139,942,366$27,821,184$16,662,317$81,575,792
91$154,076,929$29,044,863$17,080,946$88,961,274
92$169,648,820$30,324,106$17,509,202$97,065,703
93$186,804,510$31,661,497$17,947,271$105,961,064
94$205,705,403$33,059,744$18,395,337$115,726,627
95$226,529,363$34,521,679$18,853,589$126,449,687
96$249,472,389$36,050,273$19,322,216$138,226,385
97$274,750,470$37,648,634$19,801,408$151,162,600
98$302,601,621$39,320,020$20,291,358$165,374,947
99$333,288,127$41,067,841$20,792,259$180,991,864
100$367,099,022$42,895,672$21,304,306$198,154,818