Can I retire at age 63 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$594,569$589,273$584,106$579,063$574,138$553,988
2 years$294,341$288,859$283,547$278,396$273,399$253,309
3 years$194,278$188,773$183,473$178,371$173,456$154,058
4 years$144,257$138,768$133,522$128,506$123,710$105,153
5 years$114,251$108,796$103,618$98,705$94,042$76,374
6 years$94,255$88,840$83,739$78,935$74,413$57,647
7 years$79,977$74,608$69,587$64,897$60,517$44,651
8 years$69,273$63,953$59,016$54,440$50,205$35,225
9 years$60,953$55,682$50,830$46,371$42,280$28,167
10 years$54,300$49,081$44,315$39,972$36,025$22,755
11 years$48,860$43,694$39,014$34,788$30,982$18,529
12 years$44,331$39,217$34,624$30,514$26,849$15,182
13 years$40,501$35,441$30,934$26,939$23,413$12,502
14 years$37,221$32,215$27,795$23,913$20,523$10,336
15 years$34,381$29,429$25,095$21,327$18,070$8,573
16 years$31,899$27,000$22,752$19,096$15,971$7,129
17 years$29,711$24,866$20,704$17,157$14,161$5,942
18 years$27,768$22,978$18,900$15,462$12,591$4,961
19 years$26,031$21,296$17,302$13,971$11,223$4,148
20 years$24,471$19,789$15,879$12,654$10,024$3,473
21 years$23,060$18,433$14,605$11,484$8,971$2,910
22 years$21,780$17,206$13,461$10,442$8,041$2,441
23 years$20,613$16,092$12,429$9,509$7,218$2,049
24 years$19,544$15,078$11,495$8,673$6,488$1,721
25 years$18,563$14,150$10,646$7,921$5,838$1,446
26 years$17,658$13,298$9,874$7,242$5,259$1,215
27 years$16,822$12,515$9,169$6,629$4,741$1,022
28 years$16,047$11,793$8,524$6,074$4,278$860
29 years$15,327$11,125$7,932$5,570$3,863$723
30 years$14,656$10,507$7,388$5,112$3,490$609
31 years$14,030$9,932$6,888$4,695$3,156$512
32 years$13,444$9,398$6,427$4,314$2,854$431
33 years$12,894$8,900$6,000$3,968$2,583$363
34 years$12,378$8,435$5,606$3,650$2,339$306
35 years$11,893$8,001$5,242$3,360$2,118$257
36 years$11,435$7,594$4,903$3,095$1,919$217
37 years$11,004$7,212$4,590$2,852$1,740$183
38 years$10,596$6,854$4,298$2,628$1,577$154
39 years$10,209$6,518$4,027$2,423$1,430$130
40 years$9,844$6,201$3,774$2,235$1,297$109
41 years$9,496$5,903$3,539$2,062$1,177$92
42 years$9,167$5,622$3,320$1,903$1,068$77
43 years$8,853$5,356$3,115$1,757$969$65
44 years$8,555$5,106$2,924$1,622$880$55
45 years$8,270$4,869$2,746$1,498$799$46
46 years$7,999$4,645$2,579$1,384$725$39
47 years$7,740$4,432$2,423$1,279$658$33
48 years$7,493$4,231$2,277$1,181$598$28
49 years$7,256$4,041$2,140$1,092$543$23
50 years$7,030$3,860$2,012$1,009$493$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $7,200,000, adding $2,761 every year, while hoping to spend $47,242 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: 67/25/8 Blend
62$7,200,000$7,200,000$7,200,000$7,200,000
63$7,937,248$7,555,648$7,444,048$8,457,093
64$8,696,582$7,875,610$7,643,158$9,122,535
65$9,531,785$8,209,666$7,847,356$9,843,820
66$10,450,545$8,558,458$8,056,761$10,631,098
67$11,461,335$8,922,656$8,271,496$11,490,809
68$12,573,487$9,302,962$8,491,687$12,430,041
69$13,797,286$9,700,111$8,717,462$13,456,589
70$15,144,063$10,114,870$8,948,951$14,579,033
71$16,626,305$10,548,046$9,186,288$15,806,814
72$18,257,768$11,000,481$9,429,609$17,150,321
73$20,053,611$11,473,055$9,679,051$18,620,989
74$22,030,537$11,966,692$9,934,757$20,231,405
75$24,206,951$12,482,359$10,196,870$21,995,423
76$26,603,131$13,021,066$10,465,537$23,928,294
77$29,241,425$13,583,872$10,740,907$26,046,806
78$32,146,455$14,171,887$11,023,131$28,369,445
79$35,345,353$14,786,269$11,312,367$30,916,559
80$38,868,019$15,428,236$11,608,770$33,710,556
81$42,747,395$16,099,058$11,912,502$36,776,107
82$47,019,785$16,800,067$12,223,727$40,140,378
83$51,725,192$17,532,659$12,542,611$43,833,286
84$56,907,696$18,298,294$12,869,323$47,887,774
85$62,615,871$19,098,501$13,204,035$52,340,122
86$68,903,243$19,934,881$13,546,924$57,230,284
87$75,828,795$20,809,111$13,898,167$62,602,264
88$83,457,522$21,722,947$14,257,945$68,504,527
89$91,861,046$22,678,228$14,626,442$74,990,452
90$101,118,291$23,676,880$15,003,847$82,118,833
91$111,316,229$24,720,919$15,390,348$89,954,429
92$122,550,698$25,812,458$15,786,139$98,568,572
93$134,927,311$26,953,710$16,191,415$108,039,836
94$148,562,445$28,146,990$16,606,377$118,454,772
95$163,584,349$29,394,727$17,031,225$129,908,724
96$180,134,345$30,699,462$17,466,164$142,506,721
97$198,368,170$32,063,857$17,911,401$156,364,463
98$218,457,438$33,490,701$18,367,149$171,609,412
99$240,591,267$34,982,915$18,833,618$188,381,982
100$264,978,059$36,543,560$19,311,026$206,836,868