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%12.6%
1 years$619,343$613,826$608,444$603,190$598,061$591,569
2 years$306,605$300,895$295,361$289,995$284,791$278,254
3 years$202,373$196,638$191,118$185,803$180,683$174,305
4 years$150,267$144,550$139,085$133,860$128,865$122,694
5 years$119,012$113,329$107,936$102,818$97,961$92,015
6 years$98,182$92,542$87,228$82,224$77,513$71,800
7 years$83,309$77,716$72,487$67,601$63,039$57,561
8 years$72,160$66,617$61,475$56,709$52,297$47,054
9 years$63,492$58,002$52,948$48,303$44,041$39,031
10 years$56,562$51,126$46,161$41,638$37,526$32,745
11 years$50,896$45,515$40,640$36,237$32,273$27,718
12 years$46,178$40,851$36,067$31,785$27,967$23,633
13 years$42,189$36,918$32,223$28,062$24,388$20,269
14 years$38,772$33,557$28,953$24,910$21,378$17,470
15 years$35,814$30,655$26,140$22,215$18,823$15,118
16 years$33,228$28,126$23,700$19,891$16,636$13,129
17 years$30,948$25,903$21,566$17,872$14,751$11,434
18 years$28,925$23,935$19,687$16,106$13,116$9,983
19 years$27,116$22,183$18,023$14,554$11,690$8,735
20 years$25,490$20,613$16,540$13,181$10,442$7,657
21 years$24,021$19,201$15,214$11,963$9,344$6,723
22 years$22,687$17,923$14,022$10,877$8,376$5,911
23 years$21,471$16,763$12,947$9,906$7,519$5,204
24 years$20,358$15,706$11,974$9,035$6,758$4,585
25 years$19,336$14,739$11,090$8,251$6,081$4,044
26 years$18,394$13,852$10,285$7,544$5,478$3,570
27 years$17,523$13,037$9,551$6,905$4,939$3,154
28 years$16,716$12,284$8,879$6,327$4,456$2,788
29 years$15,966$11,589$8,262$5,802$4,024$2,465
30 years$15,267$10,945$7,696$5,325$3,636$2,181
31 years$14,614$10,346$7,175$4,890$3,287$1,931
32 years$14,004$9,790$6,694$4,494$2,973$1,710
33 years$13,431$9,271$6,251$4,133$2,691$1,515
34 years$12,894$8,787$5,840$3,803$2,436$1,342
35 years$12,388$8,334$5,460$3,500$2,207$1,190
36 years$11,912$7,910$5,108$3,224$1,999$1,055
37 years$11,462$7,513$4,781$2,970$1,812$935
38 years$11,037$7,140$4,477$2,738$1,643$829
39 years$10,635$6,789$4,194$2,524$1,490$736
40 years$10,254$6,460$3,931$2,328$1,351$653
41 years$9,892$6,149$3,686$2,148$1,226$579
42 years$9,549$5,856$3,458$1,983$1,112$514
43 years$9,222$5,580$3,245$1,830$1,010$456
44 years$8,911$5,319$3,046$1,690$916$405
45 years$8,615$5,072$2,860$1,561$832$359
46 years$8,332$4,838$2,686$1,442$755$319
47 years$8,063$4,617$2,524$1,332$686$283
48 years$7,805$4,408$2,372$1,231$623$251
49 years$7,558$4,209$2,229$1,137$566$223
50 years$7,323$4,021$2,096$1,051$514$198

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 $3,608 every year, while hoping to spend $33,178 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: 39/33/28 Blend
62$7,500,000$7,500,000$7,500,000$7,500,000
63$8,268,722$7,871,222$7,754,972$8,522,403
64$9,076,830$8,221,610$7,979,462$9,058,518
65$9,966,254$8,588,056$8,210,361$9,634,517
66$10,945,251$8,971,311$8,447,848$10,256,741
67$12,022,924$9,372,162$8,692,108$10,929,427
68$13,209,298$9,791,434$8,943,329$11,657,224
69$14,515,424$10,229,992$9,201,708$12,445,239
70$15,953,476$10,688,740$9,467,445$13,299,073
71$17,536,871$11,168,628$9,740,744$14,224,882
72$19,280,389$11,670,649$10,021,816$15,229,423
73$21,200,322$12,195,843$10,310,880$16,320,121
74$23,314,617$12,745,302$10,608,157$17,505,131
75$25,643,055$13,320,169$10,913,877$18,793,416
76$28,207,429$13,921,639$11,228,274$20,194,827
77$31,031,755$14,550,969$11,551,590$21,720,187
78$34,142,499$15,209,471$11,884,074$23,381,399
79$37,568,823$15,898,523$12,225,978$25,191,546
80$41,342,860$16,619,569$12,577,566$27,165,014
81$45,500,023$17,374,118$12,939,106$29,317,624
82$50,079,332$18,163,757$13,310,873$31,666,774
83$55,123,788$18,990,145$13,693,151$34,231,602
84$60,680,774$19,855,022$14,086,231$37,033,158
85$66,802,504$20,760,209$14,490,411$40,094,601
86$73,546,519$21,707,619$14,905,999$43,441,410
87$80,976,222$22,699,251$15,333,308$47,101,620
88$89,161,486$23,737,203$15,772,664$51,106,079
89$98,179,307$24,823,675$16,224,397$55,488,738
90$108,114,530$25,960,969$16,688,848$60,286,956
91$119,060,656$27,151,500$17,166,368$65,541,855
92$131,120,717$28,397,799$17,657,316$71,298,698
93$144,408,255$29,702,515$18,162,061$77,607,306
94$159,048,388$31,068,430$18,680,981$84,522,525
95$175,178,996$32,498,455$19,214,466$92,104,733
96$192,952,017$33,995,642$19,762,914$100,420,403
97$212,534,886$35,563,192$20,326,735$109,542,722
98$234,112,113$37,204,457$20,906,349$119,552,270
99$257,887,026$38,922,953$21,502,189$130,537,776
100$284,083,687$40,722,362$22,114,697$142,596,942