Can I retire at age 63 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%12.7%
1 years$619,343$613,826$608,444$603,190$598,061$591,323
2 years$306,605$300,895$295,361$289,995$284,791$278,008
3 years$202,373$196,638$191,118$185,803$180,683$174,065
4 years$150,267$144,550$139,085$133,860$128,865$122,464
5 years$119,012$113,329$107,936$102,818$97,961$91,795
6 years$98,182$92,542$87,228$82,224$77,513$71,590
7 years$83,309$77,716$72,487$67,601$63,039$57,360
8 years$72,160$66,617$61,475$56,709$52,297$46,863
9 years$63,492$58,002$52,948$48,303$44,041$38,850
10 years$56,562$51,126$46,161$41,638$37,526$32,573
11 years$50,896$45,515$40,640$36,237$32,273$27,556
12 years$46,178$40,851$36,067$31,785$27,967$23,480
13 years$42,189$36,918$32,223$28,062$24,388$20,125
14 years$38,772$33,557$28,953$24,910$21,378$17,333
15 years$35,814$30,655$26,140$22,215$18,823$14,990
16 years$33,228$28,126$23,700$19,891$16,636$13,008
17 years$30,948$25,903$21,566$17,872$14,751$11,322
18 years$28,925$23,935$19,687$16,106$13,116$9,878
19 years$27,116$22,183$18,023$14,554$11,690$8,637
20 years$25,490$20,613$16,540$13,181$10,442$7,565
21 years$24,021$19,201$15,214$11,963$9,344$6,638
22 years$22,687$17,923$14,022$10,877$8,376$5,832
23 years$21,471$16,763$12,947$9,906$7,519$5,129
24 years$20,358$15,706$11,974$9,035$6,758$4,517
25 years$19,336$14,739$11,090$8,251$6,081$3,981
26 years$18,394$13,852$10,285$7,544$5,478$3,511
27 years$17,523$13,037$9,551$6,905$4,939$3,099
28 years$16,716$12,284$8,879$6,327$4,456$2,737
29 years$15,966$11,589$8,262$5,802$4,024$2,419
30 years$15,267$10,945$7,696$5,325$3,636$2,138
31 years$14,614$10,346$7,175$4,890$3,287$1,891
32 years$14,004$9,790$6,694$4,494$2,973$1,674
33 years$13,431$9,271$6,251$4,133$2,691$1,481
34 years$12,894$8,787$5,840$3,803$2,436$1,311
35 years$12,388$8,334$5,460$3,500$2,207$1,161
36 years$11,912$7,910$5,108$3,224$1,999$1,029
37 years$11,462$7,513$4,781$2,970$1,812$911
38 years$11,037$7,140$4,477$2,738$1,643$808
39 years$10,635$6,789$4,194$2,524$1,490$716
40 years$10,254$6,460$3,931$2,328$1,351$634
41 years$9,892$6,149$3,686$2,148$1,226$562
42 years$9,549$5,856$3,458$1,983$1,112$499
43 years$9,222$5,580$3,245$1,830$1,010$442
44 years$8,911$5,319$3,046$1,690$916$392
45 years$8,615$5,072$2,860$1,561$832$348
46 years$8,332$4,838$2,686$1,442$755$308
47 years$8,063$4,617$2,524$1,332$686$273
48 years$7,805$4,408$2,372$1,231$623$242
49 years$7,558$4,209$2,229$1,137$566$215
50 years$7,323$4,021$2,096$1,051$514$191

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $7,500,000, adding $5,899 every year, while hoping to spend $55,542 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: 59/24/17 Blend
62$7,500,000$7,500,000$7,500,000$7,500,000
63$8,271,085$7,873,585$7,757,335$8,722,400
64$9,055,639$8,200,294$7,958,109$9,355,090
65$9,918,357$8,541,151$8,163,748$10,038,099
66$10,867,151$8,896,789$8,374,356$10,781,674
67$11,910,742$9,267,873$8,590,038$11,591,668
68$13,058,736$9,655,097$8,810,903$12,474,522
69$14,321,718$10,059,188$9,037,059$13,437,319
70$15,711,350$10,480,906$9,268,617$14,487,854
71$17,240,483$10,921,045$9,505,691$15,634,702
72$18,923,274$11,380,438$9,748,394$16,887,297
73$20,775,324$11,859,956$9,996,841$18,256,023
74$22,813,823$12,360,509$10,251,151$19,752,305
75$25,057,710$12,883,051$10,511,441$21,388,719
76$27,527,854$13,428,579$10,777,833$23,179,107
77$30,247,253$13,998,137$11,050,448$25,138,705
78$33,241,245$14,592,817$11,329,410$27,284,284
79$36,537,750$15,213,764$11,614,843$29,634,307
80$40,167,534$15,862,172$11,906,874$32,209,102
81$44,164,499$16,539,295$12,205,631$35,031,048
82$48,566,000$17,246,442$12,511,242$38,124,787
83$53,413,202$17,984,987$12,823,838$41,517,451
84$58,751,462$18,756,365$13,143,550$45,238,915
85$64,630,763$19,562,079$13,470,511$49,322,079
86$71,106,182$20,403,702$13,804,854$53,803,174
87$78,238,411$21,282,882$14,146,715$58,722,099
88$86,094,329$22,201,343$14,496,230$64,122,794
89$94,747,632$23,160,890$14,853,535$70,053,655
90$104,279,529$24,163,413$15,218,767$76,567,982
91$114,779,511$25,210,889$15,592,066$83,724,483
92$126,346,190$26,305,392$15,973,569$91,587,821
93$139,088,234$27,449,089$16,363,416$100,229,219
94$153,125,390$28,644,251$16,761,747$109,727,131
95$168,589,617$29,893,256$17,168,703$120,167,978
96$185,626,326$31,198,594$17,584,422$131,646,955
97$204,395,757$32,562,871$18,009,046$144,268,928
98$225,074,490$33,988,817$18,442,715$158,149,419
99$247,857,110$35,479,291$18,885,568$173,415,686
100$272,958,045$37,037,287$19,337,745$190,207,927