Can I retire at age 63 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$644,117$638,379$632,782$627,318$621,983$612,688
2 years$318,870$312,931$307,176$301,595$296,182$286,839
3 years$210,468$204,504$198,763$193,235$187,910$178,809
4 years$156,278$150,332$144,648$139,215$134,019$125,230
5 years$123,772$117,862$112,253$106,930$101,879$93,428
6 years$102,109$96,243$90,717$85,513$80,614$72,510
7 years$86,641$80,825$75,386$70,305$65,560$57,807
8 years$75,046$69,282$63,934$58,977$54,389$46,984
9 years$66,032$60,322$55,066$50,235$45,803$38,744
10 years$58,825$53,171$48,008$43,303$39,027$32,307
11 years$52,932$47,335$42,265$37,687$33,564$27,178
12 years$48,025$42,486$37,509$33,057$29,086$23,025
13 years$43,876$38,395$33,512$29,184$25,364$19,619
14 years$40,323$34,900$30,111$25,906$22,234$16,797
15 years$37,246$31,881$27,186$23,104$19,576$14,438
16 years$34,557$29,251$24,648$20,687$17,301$12,451
17 years$32,186$26,939$22,429$18,587$15,341$10,768
18 years$30,082$24,893$20,475$16,751$13,640$9,334
19 years$28,201$23,070$18,744$15,136$12,158$8,108
20 years$26,510$21,438$17,202$13,708$10,860$7,055
21 years$24,982$19,969$15,822$12,441$9,718$6,148
22 years$23,595$18,640$14,583$11,312$8,711$5,365
23 years$22,330$17,434$13,465$10,302$7,819$4,686
24 years$21,173$16,334$12,453$9,396$7,028$4,098
25 years$20,110$15,329$11,534$8,581$6,324$3,586
26 years$19,130$14,407$10,697$7,846$5,697$3,141
27 years$18,224$13,558$9,933$7,182$5,136$2,752
28 years$17,384$12,776$9,234$6,580$4,634$2,413
29 years$16,604$12,053$8,593$6,034$4,185$2,117
30 years$15,877$11,382$8,004$5,538$3,781$1,858
31 years$15,199$10,760$7,462$5,086$3,419$1,631
32 years$14,564$10,181$6,962$4,674$3,092$1,432
33 years$13,969$9,642$6,501$4,298$2,799$1,258
34 years$13,410$9,138$6,074$3,955$2,534$1,106
35 years$12,884$8,667$5,678$3,640$2,295$972
36 years$12,388$8,227$5,312$3,353$2,079$854
37 years$11,921$7,813$4,972$3,089$1,885$751
38 years$11,479$7,426$4,656$2,847$1,709$660
39 years$11,060$7,061$4,362$2,625$1,549$581
40 years$10,664$6,718$4,089$2,422$1,405$511
41 years$10,288$6,395$3,834$2,234$1,275$449
42 years$9,931$6,090$3,596$2,062$1,157$395
43 years$9,591$5,803$3,375$1,903$1,050$348
44 years$9,268$5,531$3,168$1,757$953$306
45 years$8,959$5,275$2,974$1,623$865$269
46 years$8,666$5,032$2,794$1,499$786$237
47 years$8,385$4,802$2,625$1,385$713$208
48 years$8,117$4,584$2,466$1,280$648$183
49 years$7,861$4,377$2,318$1,183$588$161
50 years$7,616$4,182$2,179$1,093$534$142

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $7,800,000, adding $5,892 every year, while hoping to spend $23,290 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: 37/45/18 Blend
62$7,800,000$7,800,000$7,800,000$7,800,000
63$8,601,678$8,188,278$8,067,378$8,872,899
64$9,454,268$8,564,723$8,312,854$9,445,932
65$10,393,043$8,958,833$8,565,774$10,061,850
66$11,426,767$9,371,450$8,826,361$10,726,646
67$12,565,101$9,803,454$9,094,848$11,444,719
68$13,818,687$10,255,770$9,371,472$12,220,889
69$15,199,257$10,729,366$9,656,479$13,060,441
70$16,719,732$11,225,256$9,950,123$13,969,172
71$18,394,356$11,744,505$10,252,663$14,953,438
72$20,238,822$12,288,227$10,564,368$16,020,215
73$22,270,422$12,857,591$10,885,516$17,177,157
74$24,508,215$13,453,822$11,216,390$18,432,665
75$26,973,197$14,078,204$11,557,283$19,795,963
76$29,688,510$14,732,083$11,908,499$21,277,177
77$32,679,652$15,416,869$12,270,348$22,887,428
78$35,974,723$16,134,042$12,643,151$24,638,931
79$39,604,685$16,885,151$13,027,237$26,545,104
80$43,603,661$17,671,821$13,422,947$28,620,690
81$48,009,251$18,495,756$13,830,632$30,881,890
82$52,862,888$19,358,742$14,250,652$33,346,507
83$58,210,231$20,262,649$14,683,378$36,034,112
84$64,101,597$21,209,441$15,129,193$38,966,219
85$70,592,431$22,201,175$15,588,492$42,166,478
86$77,743,832$23,240,006$16,061,680$45,660,896
87$85,623,132$24,328,195$16,549,175$49,478,072
88$94,304,528$25,468,113$17,051,409$53,649,458
89$103,869,782$26,662,243$17,568,824$58,209,647
90$114,408,998$27,913,191$18,101,877$63,196,692
91$126,021,466$29,223,688$18,651,040$68,652,455
92$138,816,602$30,596,595$19,216,796$74,622,991
93$152,914,981$32,034,914$19,799,645$81,158,973
94$168,449,477$33,541,792$20,400,101$88,316,159
95$185,566,512$35,120,528$21,018,692$96,155,908
96$204,427,442$36,774,581$21,655,965$104,745,746
97$225,210,082$38,507,576$22,312,481$114,159,990
98$248,110,379$40,323,316$22,988,817$124,480,439
99$273,344,266$42,225,786$23,685,570$135,797,129
100$301,149,698$44,219,166$24,403,354$148,209,172