Can I retire at age 60 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%13.4%
1 years$619,343$613,826$608,444$603,190$598,061$589,610
2 years$306,605$300,895$295,361$289,995$284,791$276,293
3 years$202,373$196,638$191,118$185,803$180,683$172,403
4 years$150,267$144,550$139,085$133,860$128,865$120,866
5 years$119,012$113,329$107,936$102,818$97,961$90,266
6 years$98,182$92,542$87,228$82,224$77,513$70,132
7 years$83,309$77,716$72,487$67,601$63,039$55,973
8 years$72,160$66,617$61,475$56,709$52,297$45,546
9 years$63,492$58,002$52,948$48,303$44,041$37,603
10 years$56,562$51,126$46,161$41,638$37,526$31,394
11 years$50,896$45,515$40,640$36,237$32,273$26,443
12 years$46,178$40,851$36,067$31,785$27,967$22,431
13 years$42,189$36,918$32,223$28,062$24,388$19,138
14 years$38,772$33,557$28,953$24,910$21,378$16,407
15 years$35,814$30,655$26,140$22,215$18,823$14,122
16 years$33,228$28,126$23,700$19,891$16,636$12,196
17 years$30,948$25,903$21,566$17,872$14,751$10,562
18 years$28,925$23,935$19,687$16,106$13,116$9,169
19 years$27,116$22,183$18,023$14,554$11,690$7,976
20 years$25,490$20,613$16,540$13,181$10,442$6,951
21 years$24,021$19,201$15,214$11,963$9,344$6,066
22 years$22,687$17,923$14,022$10,877$8,376$5,301
23 years$21,471$16,763$12,947$9,906$7,519$4,638
24 years$20,358$15,706$11,974$9,035$6,758$4,062
25 years$19,336$14,739$11,090$8,251$6,081$3,560
26 years$18,394$13,852$10,285$7,544$5,478$3,123
27 years$17,523$13,037$9,551$6,905$4,939$2,741
28 years$16,716$12,284$8,879$6,327$4,456$2,407
29 years$15,966$11,589$8,262$5,802$4,024$2,115
30 years$15,267$10,945$7,696$5,325$3,636$1,859
31 years$14,614$10,346$7,175$4,890$3,287$1,635
32 years$14,004$9,790$6,694$4,494$2,973$1,438
33 years$13,431$9,271$6,251$4,133$2,691$1,266
34 years$12,894$8,787$5,840$3,803$2,436$1,114
35 years$12,388$8,334$5,460$3,500$2,207$981
36 years$11,912$7,910$5,108$3,224$1,999$864
37 years$11,462$7,513$4,781$2,970$1,812$761
38 years$11,037$7,140$4,477$2,738$1,643$670
39 years$10,635$6,789$4,194$2,524$1,490$590
40 years$10,254$6,460$3,931$2,328$1,351$520
41 years$9,892$6,149$3,686$2,148$1,226$458
42 years$9,549$5,856$3,458$1,983$1,112$404
43 years$9,222$5,580$3,245$1,830$1,010$356
44 years$8,911$5,319$3,046$1,690$916$314
45 years$8,615$5,072$2,860$1,561$832$276
46 years$8,332$4,838$2,686$1,442$755$244
47 years$8,063$4,617$2,524$1,332$686$215
48 years$7,805$4,408$2,372$1,231$623$189
49 years$7,558$4,209$2,229$1,137$566$167
50 years$7,323$4,021$2,096$1,051$514$147

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $7,500,000, adding $5,900 every year, while hoping to spend $26,943 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: 72/11/17 Blend
59$7,500,000$7,500,000$7,500,000$7,500,000
60$8,271,086$7,873,586$7,757,336$8,833,554
61$9,086,069$8,230,724$7,988,539$9,564,964
62$9,983,278$8,604,460$8,226,585$10,361,870
63$10,971,071$8,995,577$8,471,674$11,233,895
64$12,058,658$9,404,897$8,724,013$12,188,478
65$13,256,188$9,833,284$8,983,814$13,233,806
66$14,574,843$10,281,639$9,251,296$14,378,898
67$16,026,947$10,750,909$9,526,684$15,633,677
68$17,626,077$11,242,086$9,810,210$17,009,075
69$19,387,197$11,756,208$10,102,112$18,517,123
70$21,326,794$12,294,365$10,402,636$20,171,073
71$23,463,036$12,857,698$10,712,033$21,985,516
72$25,815,944$13,447,403$11,030,564$23,976,521
73$28,407,577$14,064,733$11,358,495$26,161,784
74$31,262,247$14,711,002$11,696,102$28,560,793
75$34,406,743$15,387,587$12,043,667$31,195,012
76$37,870,582$16,095,931$12,401,482$34,088,081
77$41,686,296$16,837,545$12,769,846$37,266,037
78$45,889,728$17,614,016$13,149,066$40,757,558
79$50,520,382$18,427,004$13,539,461$44,594,234
80$55,621,783$19,278,249$13,941,355$48,810,859
81$61,241,900$20,169,578$14,355,086$53,445,763
82$67,433,590$21,102,904$14,780,997$58,541,166
83$74,255,099$22,080,230$15,219,444$64,143,578
84$81,770,617$23,103,658$15,670,793$70,304,234
85$90,050,874$24,175,392$16,135,418$77,079,577
86$99,173,817$25,297,739$16,613,708$84,531,786
87$109,225,339$26,473,121$17,106,060$92,729,362
88$120,300,093$27,704,074$17,612,884$101,747,773
89$132,502,387$28,993,258$18,134,599$111,670,159
90$145,947,162$30,343,459$18,671,640$122,588,118
91$160,761,085$31,757,601$19,224,452$134,602,569
92$177,083,738$33,238,746$19,793,494$147,824,695
93$195,068,940$34,790,106$20,379,237$162,376,997
94$214,886,197$36,415,045$20,982,166$178,394,441
95$236,722,300$38,117,094$21,602,780$196,025,729
96$260,783,095$39,899,951$22,241,593$215,434,705
97$287,295,416$41,767,495$22,899,132$236,801,890
98$316,509,236$43,723,790$23,575,941$260,326,185
99$348,700,021$45,773,099$24,272,578$286,226,748
100$384,171,332$47,919,889$24,989,618$314,745,051