Can I retire at age 63 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$602,827$597,458$592,219$587,105$582,112$571,528
2 years$298,429$292,871$287,485$282,262$277,196$266,571
3 years$196,977$191,395$186,022$180,848$175,865$165,529
4 years$146,260$140,695$135,376$130,291$125,428$115,462
5 years$115,838$110,307$105,057$100,076$95,349$85,780
6 years$95,564$90,074$84,902$80,031$75,446$66,286
7 years$81,087$75,644$70,554$65,798$61,358$52,609
8 years$70,235$64,841$59,835$55,197$50,902$42,562
9 years$61,799$56,456$51,536$47,015$42,867$34,931
10 years$55,054$49,763$44,930$40,528$36,525$28,985
11 years$49,539$44,301$39,556$35,271$31,413$24,261
12 years$44,947$39,762$35,105$30,938$27,221$20,449
13 years$41,064$35,933$31,364$27,313$23,738$17,333
14 years$37,738$32,662$28,181$24,246$20,808$14,760
15 years$34,859$29,838$25,443$21,623$18,321$12,617
16 years$32,342$27,376$23,068$19,361$16,192$10,820
17 years$30,123$25,212$20,991$17,396$14,357$9,304
18 years$28,153$23,297$19,162$15,677$12,766$8,019
19 years$26,393$21,591$17,542$14,165$11,378$6,925
20 years$24,810$20,064$16,099$12,830$10,163$5,989
21 years$23,381$18,689$14,808$11,644$9,095$5,188
22 years$22,082$17,445$13,648$10,587$8,153$4,499
23 years$20,899$16,316$12,602$9,642$7,318$3,906
24 years$19,816$15,287$11,654$8,794$6,578$3,394
25 years$18,821$14,346$10,794$8,031$5,919$2,952
26 years$17,904$13,483$10,011$7,343$5,332$2,568
27 years$17,056$12,689$9,296$6,721$4,807$2,236
28 years$16,270$11,957$8,642$6,158$4,337$1,948
29 years$15,540$11,280$8,042$5,647$3,916$1,698
30 years$14,860$10,653$7,491$5,183$3,539$1,480
31 years$14,225$10,070$6,984$4,760$3,199$1,291
32 years$13,630$9,529$6,516$4,374$2,894$1,126
33 years$13,073$9,024$6,084$4,023$2,619$983
34 years$12,550$8,552$5,684$3,701$2,371$858
35 years$12,058$8,112$5,314$3,407$2,148$749
36 years$11,594$7,699$4,972$3,138$1,946$654
37 years$11,156$7,313$4,653$2,891$1,764$571
38 years$10,743$6,950$4,358$2,665$1,599$499
39 years$10,351$6,608$4,083$2,457$1,450$436
40 years$9,980$6,287$3,827$2,266$1,315$381
41 years$9,628$5,985$3,588$2,091$1,193$332
42 years$9,294$5,700$3,366$1,930$1,083$290
43 years$8,976$5,431$3,158$1,781$983$254
44 years$8,673$5,177$2,965$1,645$892$222
45 years$8,385$4,936$2,784$1,519$810$194
46 years$8,110$4,709$2,615$1,403$735$169
47 years$7,848$4,494$2,456$1,296$668$148
48 years$7,597$4,290$2,308$1,198$606$129
49 years$7,357$4,097$2,170$1,107$551$113
50 years$7,127$3,913$2,040$1,023$500$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $7,300,000, adding $3,369 every year, while hoping to spend $46,931 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: 51/31/18 Blend
62$7,300,000$7,300,000$7,300,000$7,300,000
63$8,048,075$7,661,175$7,548,025$8,418,421
64$8,819,045$7,986,638$7,750,950$8,999,221
65$9,667,080$8,326,477$7,959,099$9,625,183
66$10,599,992$8,681,344$8,172,600$10,304,734
67$11,626,389$9,051,927$8,391,579$11,042,958
68$12,755,751$9,438,942$8,616,167$11,845,442
69$13,998,527$9,843,140$8,846,498$12,718,328
70$15,366,230$10,265,307$9,082,709$13,668,365
71$16,871,544$10,706,265$9,324,938$14,702,978
72$18,528,445$11,166,876$9,573,328$15,830,327
73$20,352,335$11,648,042$9,828,022$17,059,388
74$22,360,182$12,150,704$10,089,170$18,400,032
75$24,570,684$12,675,853$10,356,921$19,863,119
76$27,004,446$13,224,521$10,631,430$21,460,592
77$29,684,169$13,797,792$10,912,852$23,205,592
78$32,634,869$14,396,799$11,201,348$25,112,577
79$35,884,113$15,022,730$11,497,080$27,197,456
80$39,462,275$15,676,826$11,800,215$29,477,736
81$43,402,827$16,360,390$12,110,921$31,972,683
82$47,742,649$17,074,783$12,429,371$34,703,500
83$52,522,384$17,821,433$12,755,741$37,693,525
84$57,786,817$18,601,833$13,090,208$40,968,449
85$63,585,298$19,417,547$13,432,955$44,556,548
86$69,972,206$20,270,215$13,784,167$48,488,955
87$77,007,467$21,161,552$14,144,032$52,799,940
88$84,757,115$22,093,354$14,512,744$57,527,236
89$93,293,916$23,067,504$14,890,496$62,712,388
90$102,698,055$24,085,971$15,277,487$68,401,140
91$113,057,894$25,150,820$15,673,920$74,643,861
92$124,470,802$26,264,213$16,079,999$81,496,017
93$137,044,078$27,428,414$16,495,933$89,018,687
94$150,895,962$28,645,794$16,921,935$97,279,135
95$166,156,749$29,918,838$17,358,219$106,351,438
96$182,970,024$31,250,147$17,805,005$116,317,179
97$201,494,008$32,642,446$18,262,515$127,266,212
98$221,903,062$34,098,591$18,730,974$139,297,501
99$244,389,324$35,621,572$19,210,612$152,520,046
100$269,164,528$37,214,522$19,701,660$167,053,908