Can I retire at age 63 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$627,601$622,011$616,556$611,233$606,035$597,719
2 years$310,694$304,907$299,299$293,862$288,588$280,224
3 years$205,072$199,260$193,666$188,280$183,092$174,941
4 years$152,271$146,477$140,940$135,645$130,583$122,707
5 years$120,599$114,840$109,375$104,189$99,267$91,689
6 years$99,491$93,775$88,391$83,320$78,547$71,276
7 years$84,420$78,753$73,453$68,502$63,879$56,918
8 years$73,122$67,505$62,294$57,465$52,994$46,342
9 years$64,339$58,776$53,654$48,947$44,629$38,282
10 years$57,317$51,808$46,777$42,193$38,026$31,981
11 years$51,575$46,121$41,182$36,721$32,704$26,954
12 years$46,794$41,396$36,548$32,209$28,340$22,879
13 years$42,751$37,410$32,653$28,436$24,713$19,533
14 years$39,289$34,005$29,339$25,242$21,663$16,757
15 years$36,291$31,064$26,489$22,511$19,074$14,433
16 years$33,671$28,501$24,016$20,157$16,858$12,473
17 years$31,361$26,248$21,854$18,110$14,947$10,810
18 years$29,310$24,254$19,950$16,321$13,290$9,391
19 years$27,477$22,479$18,263$14,748$11,846$8,175
20 years$25,830$20,888$16,761$13,357$10,581$7,129
21 years$24,341$19,457$15,417$12,122$9,469$6,227
22 years$22,990$18,162$14,209$11,022$8,488$5,446
23 years$21,758$16,987$13,119$10,038$7,619$4,768
24 years$20,630$15,915$12,133$9,155$6,848$4,179
25 years$19,594$14,936$11,238$8,361$6,162$3,666
26 years$18,639$14,037$10,422$7,645$5,551$3,218
27 years$17,757$13,211$9,678$6,997$5,004$2,827
28 years$16,939$12,448$8,997$6,411$4,516$2,485
29 years$16,179$11,744$8,373$5,879$4,077$2,185
30 years$15,470$11,091$7,799$5,396$3,684$1,922
31 years$14,809$10,484$7,271$4,955$3,331$1,692
32 years$14,190$9,920$6,784$4,554$3,013$1,490
33 years$13,610$9,395$6,334$4,188$2,727$1,312
34 years$13,066$8,904$5,918$3,853$2,469$1,156
35 years$12,553$8,445$5,533$3,547$2,236$1,018
36 years$12,071$8,016$5,176$3,267$2,026$897
37 years$11,615$7,613$4,845$3,010$1,836$791
38 years$11,184$7,235$4,537$2,774$1,665$697
39 years$10,777$6,880$4,250$2,558$1,510$615
40 years$10,390$6,546$3,984$2,359$1,369$542
41 years$10,024$6,231$3,736$2,177$1,242$478
42 years$9,676$5,934$3,504$2,009$1,127$422
43 years$9,345$5,654$3,288$1,855$1,023$372
44 years$9,030$5,389$3,087$1,712$929$328
45 years$8,730$5,139$2,898$1,581$843$289
46 years$8,443$4,903$2,722$1,461$765$255
47 years$8,170$4,679$2,557$1,350$695$225
48 years$7,909$4,466$2,403$1,247$631$199
49 years$7,659$4,265$2,259$1,153$573$175
50 years$7,420$4,074$2,124$1,065$521$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $7,600,000, adding $6,987 every year, while hoping to spend $53,710 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: 61/22/17 Blend
62$7,600,000$7,600,000$7,600,000$7,600,000
63$8,382,407$7,979,607$7,861,807$8,857,068
64$9,180,266$8,313,461$8,068,031$9,511,748
65$10,057,706$8,661,873$8,279,362$10,219,259
66$11,022,787$9,025,501$8,495,917$10,990,118
67$12,084,393$9,405,031$8,717,811$11,830,475
68$13,252,306$9,801,183$8,945,163$12,747,093
69$14,537,308$10,214,708$9,178,093$13,747,416
70$15,951,278$10,646,394$9,416,724$14,839,631
71$17,507,305$11,097,064$9,661,181$16,032,750
72$19,219,811$11,567,580$9,911,591$17,336,688
73$21,104,685$12,058,844$10,168,082$18,762,358
74$23,179,436$12,571,801$10,430,786$20,321,770
75$25,463,357$13,107,438$10,699,836$22,028,146
76$27,977,706$13,666,789$10,975,367$23,896,037
77$30,745,907$14,250,937$11,257,517$25,941,465
78$33,793,770$14,861,014$11,546,425$28,182,064
79$37,149,737$15,498,205$11,842,232$30,637,254
80$40,845,145$16,163,753$12,145,082$33,328,411
81$44,914,529$16,858,955$12,455,121$36,279,076
82$49,395,940$17,585,173$12,772,497$39,515,168
83$54,331,309$18,343,830$13,097,358$43,065,229
84$59,766,840$19,136,415$13,429,858$46,960,688
85$65,753,448$19,964,490$13,770,149$51,236,160
86$72,347,238$20,829,688$14,118,387$55,929,763
87$79,610,033$21,733,719$14,474,729$61,083,479
88$87,609,959$22,678,375$14,839,335$66,743,546
89$96,422,088$23,665,529$15,212,367$72,960,889
90$106,129,146$24,697,144$15,593,986$79,791,600
91$116,822,292$25,775,277$15,984,357$87,297,461
92$128,601,980$26,902,080$16,383,647$95,546,527
93$141,578,906$28,079,806$16,792,024$104,613,759
94$155,875,054$29,310,816$17,209,656$114,581,732
95$171,624,844$30,597,581$17,636,714$125,541,407
96$188,976,405$31,942,689$18,073,371$137,592,986
97$208,092,969$33,348,851$18,519,799$150,846,854
98$229,154,413$34,818,906$18,976,173$165,424,614
99$252,358,956$36,355,825$19,442,669$181,460,230
100$277,925,033$37,962,725$19,919,462$199,101,288