Can I retire at age 63 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$578,053$572,904$567,881$562,978$558,190$547,143
2 years$286,165$280,836$275,670$270,662$265,805$254,722
3 years$188,882$183,529$178,377$173,416$168,637$157,865
4 years$140,249$134,913$129,813$124,936$120,274$109,893
5 years$111,078$105,774$100,740$95,963$91,430$81,472
6 years$91,636$86,372$81,413$76,743$72,346$62,820
7 years$77,755$72,535$67,655$63,094$58,836$49,746
8 years$67,349$62,176$57,376$52,928$48,810$40,153
9 years$59,259$54,135$49,418$45,083$41,105$32,875
10 years$52,792$47,718$43,084$38,862$35,024$27,212
11 years$47,503$42,480$37,930$33,822$30,122$22,720
12 years$43,099$38,128$33,662$29,666$26,103$19,100
13 years$39,376$34,457$30,075$26,191$22,762$16,147
14 years$36,187$31,320$27,023$23,249$19,953$13,712
15 years$33,426$28,611$24,398$20,734$17,568$11,689
16 years$31,013$26,250$22,120$18,565$15,527$9,996
17 years$28,885$24,176$20,128$16,681$13,767$8,571
18 years$26,996$22,339$18,375$15,033$12,241$7,366
19 years$25,308$20,704$16,821$13,583$10,911$6,342
20 years$23,791$19,239$15,438$12,302$9,746$5,469
21 years$22,420$17,921$14,200$11,165$8,721$4,723
22 years$21,175$16,728$13,087$10,152$7,817$4,083
23 years$20,040$15,645$12,084$9,245$7,017$3,534
24 years$19,001$14,659$11,175$8,432$6,307$3,061
25 years$18,047$13,757$10,351$7,701$5,676$2,653
26 years$17,168$12,929$9,600$7,041$5,112$2,302
27 years$16,355$12,168$8,914$6,445$4,609$1,998
28 years$15,601$11,466$8,287$5,905$4,159$1,735
29 years$14,901$10,816$7,712$5,415$3,756$1,507
30 years$14,249$10,215$7,183$4,970$3,393$1,309
31 years$13,640$9,657$6,697$4,564$3,068$1,138
32 years$13,070$9,137$6,248$4,195$2,775$990
33 years$12,536$8,653$5,834$3,857$2,512$861
34 years$12,034$8,201$5,451$3,549$2,274$749
35 years$11,562$7,779$5,096$3,267$2,060$651
36 years$11,118$7,383$4,767$3,009$1,866$567
37 years$10,698$7,012$4,462$2,772$1,691$493
38 years$10,301$6,664$4,179$2,555$1,533$429
39 years$9,926$6,337$3,915$2,356$1,390$374
40 years$9,570$6,029$3,669$2,173$1,261$325
41 years$9,233$5,739$3,441$2,005$1,144$283
42 years$8,912$5,466$3,228$1,850$1,038$247
43 years$8,607$5,208$3,029$1,708$942$215
44 years$8,317$4,964$2,843$1,577$855$187
45 years$8,041$4,734$2,669$1,457$776$163
46 years$7,777$4,516$2,507$1,345$705$142
47 years$7,525$4,309$2,355$1,243$640$124
48 years$7,285$4,114$2,213$1,149$581$108
49 years$7,055$3,928$2,080$1,062$528$94
50 years$6,834$3,753$1,956$981$480$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $7,000,000, adding $5,136 every year, while hoping to spend $59,323 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: 54/25/21 Blend
62$7,000,000$7,000,000$7,000,000$7,000,000
63$7,719,298$7,348,298$7,239,798$8,091,586
64$8,443,547$7,645,245$7,419,212$8,644,474
65$9,239,681$7,954,755$7,602,648$9,239,366
66$10,114,970$8,277,379$7,790,178$9,885,695
67$11,077,424$8,613,697$7,981,875$10,588,393
68$12,135,865$8,964,312$8,177,812$11,352,887
69$13,300,016$9,329,857$8,378,062$12,185,142
70$14,580,589$9,710,991$8,582,699$13,091,724
71$15,989,386$10,108,406$8,791,796$14,079,853
72$17,539,409$10,522,824$9,005,427$15,157,471
73$19,244,987$10,955,001$9,223,667$16,333,320
74$21,121,905$11,405,725$9,446,589$17,617,016
75$23,187,558$11,875,824$9,674,268$19,019,144
76$25,461,111$12,366,161$9,906,778$20,551,351
77$27,963,681$12,877,640$10,144,192$22,226,458
78$30,718,538$13,411,206$10,386,584$24,058,575
79$33,751,321$13,967,847$10,634,027$26,063,234
80$37,090,282$14,548,598$10,886,593$28,257,536
81$40,766,551$15,154,540$11,144,354$30,660,305
82$44,814,431$15,786,804$11,407,382$33,292,265
83$49,271,720$16,446,574$11,675,746$36,176,236
84$54,180,069$17,135,090$11,949,516$39,337,344
85$59,585,371$17,853,645$12,228,761$42,803,253
86$65,538,202$18,603,596$12,513,547$46,604,430
87$72,094,287$19,386,361$12,803,939$50,774,423
88$79,315,035$20,203,423$13,100,003$55,350,179
89$87,268,115$21,056,337$13,401,798$60,372,385
90$96,028,091$21,946,726$13,709,387$65,885,855
91$105,677,132$22,876,291$14,022,827$71,939,943
92$116,305,781$23,846,811$14,342,174$78,589,010
93$128,013,814$24,860,149$14,667,480$85,892,929
94$140,911,180$25,918,252$14,998,797$93,917,652
95$155,119,035$27,023,162$15,336,172$102,735,822
96$170,770,891$28,177,011$15,679,648$112,427,459
97$188,013,873$29,382,036$16,029,267$123,080,709
98$207,010,106$30,640,573$16,385,066$134,792,671
99$227,938,247$31,955,072$16,747,076$147,670,310
100$250,995,172$33,328,094$17,115,327$161,831,460