Can I retire at age 63 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$586,311$581,089$575,993$571,020$566,164$549,141
2 years$290,253$284,847$279,608$274,529$269,602$252,595
3 years$191,580$186,151$180,925$175,893$171,047$154,588
4 years$142,253$136,841$131,667$126,721$121,992$106,209
5 years$112,665$107,285$102,179$97,334$92,736$77,672
6 years$92,945$87,606$82,576$77,839$73,379$59,046
7 years$78,866$73,571$68,621$63,996$59,677$46,075
8 years$68,311$63,064$58,196$53,684$49,508$36,628
9 years$60,106$54,909$50,124$45,727$41,693$29,522
10 years$53,546$48,399$43,699$39,417$35,524$24,046
11 years$48,182$43,087$38,472$34,305$30,552$19,745
12 years$43,715$38,673$34,143$30,090$26,476$16,319
13 years$39,939$34,949$30,505$26,565$23,087$13,557
14 years$36,704$31,768$27,409$23,581$20,238$11,310
15 years$33,904$29,020$24,746$21,030$17,819$9,468
16 years$31,456$26,625$22,436$18,830$15,749$7,948
17 years$29,298$24,521$20,416$16,919$13,964$6,687
18 years$27,382$22,659$18,637$15,247$12,416$5,638
19 years$25,670$21,000$17,061$13,777$11,067$4,761
20 years$24,131$19,514$15,658$12,478$9,885$4,025
21 years$22,740$18,177$14,402$11,325$8,846$3,407
22 years$21,477$16,967$13,274$10,297$7,929$2,887
23 years$20,326$15,869$12,256$9,377$7,118$2,448
24 years$19,273$14,868$11,335$8,553$6,398$2,077
25 years$18,305$13,953$10,498$7,811$5,757$1,764
26 years$17,413$13,114$9,737$7,142$5,186$1,498
27 years$16,589$12,341$9,041$6,537$4,675$1,273
28 years$15,824$11,629$8,405$5,989$4,218$1,082
29 years$15,114$10,971$7,822$5,492$3,809$920
30 years$14,453$10,361$7,286$5,041$3,442$783
31 years$13,835$9,794$6,792$4,629$3,112$666
32 years$13,257$9,268$6,337$4,255$2,815$567
33 years$12,715$8,777$5,917$3,912$2,547$482
34 years$12,206$8,318$5,529$3,600$2,306$411
35 years$11,728$7,890$5,169$3,314$2,089$349
36 years$11,276$7,488$4,835$3,052$1,893$298
37 years$10,851$7,112$4,526$2,812$1,715$253
38 years$10,448$6,759$4,238$2,592$1,555$216
39 years$10,068$6,427$3,971$2,390$1,410$184
40 years$9,707$6,115$3,722$2,204$1,279$156
41 years$9,364$5,821$3,490$2,034$1,161$133
42 years$9,039$5,544$3,274$1,877$1,053$113
43 years$8,730$5,282$3,072$1,733$956$97
44 years$8,436$5,035$2,883$1,600$867$82
45 years$8,155$4,801$2,707$1,477$788$70
46 years$7,888$4,580$2,543$1,365$715$60
47 years$7,633$4,371$2,389$1,261$649$51
48 years$7,389$4,173$2,245$1,165$590$43
49 years$7,155$3,985$2,110$1,077$536$37
50 years$6,932$3,806$1,984$995$486$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $7,100,000, adding $5,759 every year, while hoping to spend $53,506 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: 78/11/11 Blend
62$7,100,000$7,100,000$7,100,000$7,100,000
63$7,830,140$7,453,840$7,343,790$8,424,926
64$8,571,885$7,762,149$7,532,877$9,125,145
65$9,387,494$8,083,771$7,726,506$9,885,493
66$10,284,445$8,419,302$7,924,770$10,717,897
67$11,270,977$8,769,367$8,127,769$11,629,522
68$12,356,168$9,134,617$8,335,600$12,628,256
69$13,550,018$9,515,734$8,548,363$13,722,787
70$14,863,546$9,913,431$8,766,160$14,922,679
71$16,308,894$10,328,456$8,989,093$16,238,468
72$17,899,439$10,761,588$9,217,266$17,681,754
73$19,649,922$11,213,646$9,450,784$19,265,313
74$21,576,584$11,685,484$9,689,755$21,003,217
75$23,697,319$12,177,997$9,934,286$22,910,963
76$26,031,847$12,692,120$10,184,486$25,005,623
77$28,601,895$13,228,834$10,440,466$27,305,996
78$31,431,405$13,789,163$10,702,337$29,832,795
79$34,546,756$14,374,179$10,970,213$32,608,829
80$37,977,017$14,985,006$11,244,207$35,659,230
81$41,754,219$15,622,818$11,524,435$39,011,678
82$45,913,657$16,288,844$11,811,012$42,696,666
83$50,494,225$16,984,372$12,104,055$46,747,788
84$55,538,777$17,710,747$12,403,682$51,202,050
85$61,094,539$18,469,381$12,710,012$56,100,220
86$67,213,550$19,261,748$13,023,165$61,487,214
87$73,953,151$20,089,393$13,343,261$67,412,512
88$81,376,533$20,953,933$13,670,420$73,930,631
89$89,553,324$21,857,061$14,004,764$81,101,630
90$98,560,254$22,800,548$14,346,414$88,991,681
91$108,481,874$23,786,249$14,695,493$97,673,690
92$119,411,357$24,816,107$15,052,124$107,227,982
93$131,451,373$25,892,154$15,416,428$117,743,058
94$144,715,063$27,016,519$15,788,528$129,316,429
95$159,327,102$28,191,431$16,168,546$142,055,531
96$175,424,878$29,419,223$16,556,605$156,078,743
97$193,159,790$30,702,340$16,952,825$171,516,496
98$212,698,673$32,043,338$17,357,329$188,512,504
99$234,225,373$33,444,898$17,770,236$207,225,119
100$257,942,488$34,909,825$18,191,665$227,828,820