Can I retire at age 63 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%17.8%
1 years$619,343$613,826$608,444$603,190$598,061$579,148
2 years$306,605$300,895$295,361$289,995$284,791$265,908
3 years$202,373$196,638$191,118$185,803$180,683$162,423
4 years$150,267$144,550$139,085$133,860$128,865$111,367
5 years$119,012$113,329$107,936$102,818$97,961$81,272
6 years$98,182$92,542$87,228$82,224$77,513$61,648
7 years$83,309$77,716$72,487$67,601$63,039$47,996
8 years$72,160$66,617$61,475$56,709$52,297$38,065
9 years$63,492$58,002$52,948$48,303$44,041$30,606
10 years$56,562$51,126$46,161$41,638$37,526$24,866
11 years$50,896$45,515$40,640$36,237$32,273$20,366
12 years$46,178$40,851$36,067$31,785$27,967$16,788
13 years$42,189$36,918$32,223$28,062$24,388$13,909
14 years$38,772$33,557$28,953$24,910$21,378$11,571
15 years$35,814$30,655$26,140$22,215$18,823$9,659
16 years$33,228$28,126$23,700$19,891$16,636$8,085
17 years$30,948$25,903$21,566$17,872$14,751$6,783
18 years$28,925$23,935$19,687$16,106$13,116$5,701
19 years$27,116$22,183$18,023$14,554$11,690$4,800
20 years$25,490$20,613$16,540$13,181$10,442$4,046
21 years$24,021$19,201$15,214$11,963$9,344$3,414
22 years$22,687$17,923$14,022$10,877$8,376$2,884
23 years$21,471$16,763$12,947$9,906$7,519$2,438
24 years$20,358$15,706$11,974$9,035$6,758$2,062
25 years$19,336$14,739$11,090$8,251$6,081$1,745
26 years$18,394$13,852$10,285$7,544$5,478$1,478
27 years$17,523$13,037$9,551$6,905$4,939$1,252
28 years$16,716$12,284$8,879$6,327$4,456$1,061
29 years$15,966$11,589$8,262$5,802$4,024$899
30 years$15,267$10,945$7,696$5,325$3,636$762
31 years$14,614$10,346$7,175$4,890$3,287$646
32 years$14,004$9,790$6,694$4,494$2,973$548
33 years$13,431$9,271$6,251$4,133$2,691$465
34 years$12,894$8,787$5,840$3,803$2,436$394
35 years$12,388$8,334$5,460$3,500$2,207$335
36 years$11,912$7,910$5,108$3,224$1,999$284
37 years$11,462$7,513$4,781$2,970$1,812$241
38 years$11,037$7,140$4,477$2,738$1,643$204
39 years$10,635$6,789$4,194$2,524$1,490$173
40 years$10,254$6,460$3,931$2,328$1,351$147
41 years$9,892$6,149$3,686$2,148$1,226$125
42 years$9,549$5,856$3,458$1,983$1,112$106
43 years$9,222$5,580$3,245$1,830$1,010$90
44 years$8,911$5,319$3,046$1,690$916$76
45 years$8,615$5,072$2,860$1,561$832$65
46 years$8,332$4,838$2,686$1,442$755$55
47 years$8,063$4,617$2,524$1,332$686$47
48 years$7,805$4,408$2,372$1,231$623$40
49 years$7,558$4,209$2,229$1,137$566$34
50 years$7,323$4,021$2,096$1,051$514$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $7,500,000, adding $2,581 every year, while hoping to spend $44,543 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: 35/35/30 Blend
62$7,500,000$7,500,000$7,500,000$7,500,000
63$8,267,662$7,870,162$7,753,912$8,482,300
64$9,063,570$8,208,407$7,966,275$8,982,460
65$9,939,168$8,561,732$8,184,259$9,517,582
66$10,902,537$8,930,831$8,408,005$10,094,137
67$11,962,581$9,316,427$8,637,659$10,715,872
68$13,129,112$9,719,279$8,873,367$11,386,894
69$14,412,938$10,140,181$9,115,282$12,111,712
70$15,825,971$10,579,963$9,363,557$12,895,272
71$17,381,335$11,039,496$9,618,352$13,743,006
72$19,093,492$11,519,692$9,879,827$14,660,876
73$20,978,375$12,021,504$10,148,148$15,655,429
74$23,053,543$12,545,931$10,423,485$16,733,857
75$25,338,342$13,094,020$10,706,010$17,904,059
76$27,854,091$13,666,865$10,995,899$19,174,716
77$30,624,281$14,265,613$11,293,333$20,555,364
78$33,674,795$14,891,466$11,598,498$22,056,486
79$37,034,157$15,545,681$11,911,581$23,689,604
80$40,733,797$16,229,575$12,232,774$25,467,382
81$44,808,348$16,944,528$12,562,276$27,403,748
82$49,295,974$17,691,985$12,900,287$29,514,013
83$54,238,729$18,473,457$13,247,012$31,815,018
84$59,682,954$19,290,531$13,602,661$34,325,282
85$65,679,713$20,144,865$13,967,449$37,065,178
86$72,285,279$21,038,199$14,341,593$40,057,116
87$79,561,659$21,972,352$14,725,318$43,325,749
88$87,577,183$22,949,232$15,118,851$46,898,205
89$96,407,147$23,970,836$15,522,424$50,804,330
90$106,134,527$25,039,258$15,936,276$55,076,970
91$116,850,755$26,156,688$16,360,648$59,752,270
92$128,656,590$27,325,424$16,795,788$64,870,014
93$141,663,062$28,547,869$17,241,947$70,473,987
94$155,992,525$29,826,545$17,699,382$76,612,385
95$171,779,808$31,164,091$18,168,356$83,338,263
96$189,173,488$32,563,272$18,649,137$90,710,027
97$208,337,297$34,026,985$19,141,996$98,791,974
98$229,451,660$35,558,266$19,647,211$107,654,897
99$252,715,402$37,160,294$20,165,065$117,376,737
100$278,347,626$38,836,401$20,695,848$128,043,316