Can I retire at age 63 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$635,859$630,195$624,669$619,275$614,009$592,931
2 years$314,782$308,919$303,237$297,729$292,385$271,364
3 years$207,770$201,882$196,215$190,758$185,501$165,198
4 years$154,274$148,405$142,794$137,430$132,301$112,870
5 years$122,186$116,351$110,814$105,559$100,573$82,066
6 years$100,800$95,009$89,554$84,417$79,580$62,011
7 years$85,531$79,789$74,420$69,404$64,720$48,086
8 years$74,084$68,394$63,114$58,221$53,691$37,980
9 years$65,185$59,549$54,360$49,591$45,216$30,407
10 years$58,071$52,490$47,392$42,748$38,526$24,595
11 years$52,254$46,728$41,723$37,204$33,134$20,054
12 years$47,409$41,941$37,029$32,633$28,713$16,453
13 years$43,314$37,902$33,083$28,810$25,038$13,567
14 years$39,806$34,452$29,725$25,574$21,948$11,232
15 years$36,769$31,473$26,838$22,808$19,325$9,329
16 years$34,114$28,876$24,332$20,422$17,080$7,770
17 years$31,774$26,593$22,141$18,349$15,144$6,485
18 years$29,696$24,573$20,212$16,536$13,465$5,423
19 years$27,839$22,774$18,503$14,942$12,002$4,541
20 years$26,170$21,163$16,981$13,533$10,720$3,807
21 years$24,662$19,713$15,620$12,282$9,594$3,196
22 years$23,292$18,401$14,396$11,167$8,599$2,685
23 years$22,044$17,210$13,292$10,170$7,719$2,257
24 years$20,901$16,125$12,293$9,275$6,938$1,898
25 years$19,852$15,132$11,386$8,471$6,243$1,598
26 years$18,885$14,222$10,560$7,745$5,624$1,345
27 years$17,990$13,384$9,806$7,090$5,070$1,133
28 years$17,162$12,612$9,116$6,496$4,575$955
29 years$16,391$11,898$8,483$5,957$4,131$804
30 years$15,674$11,236$7,901$5,467$3,733$678
31 years$15,004$10,622$7,366$5,021$3,375$572
32 years$14,377$10,051$6,873$4,614$3,053$482
33 years$13,790$9,518$6,417$4,243$2,763$407
34 years$13,238$9,021$5,996$3,904$2,501$343
35 years$12,719$8,556$5,606$3,594$2,266$289
36 years$12,229$8,121$5,244$3,310$2,053$244
37 years$11,768$7,713$4,908$3,050$1,860$206
38 years$11,331$7,330$4,596$2,811$1,687$174
39 years$10,918$6,970$4,306$2,592$1,529$146
40 years$10,527$6,632$4,036$2,391$1,387$124
41 years$10,156$6,313$3,785$2,206$1,259$104
42 years$9,803$6,012$3,550$2,035$1,142$88
43 years$9,468$5,728$3,331$1,879$1,036$74
44 years$9,149$5,460$3,127$1,735$941$63
45 years$8,845$5,207$2,936$1,602$854$53
46 years$8,554$4,967$2,758$1,480$775$45
47 years$8,278$4,740$2,591$1,367$704$38
48 years$8,013$4,525$2,435$1,263$639$32
49 years$7,760$4,321$2,289$1,168$581$27
50 years$7,518$4,128$2,152$1,079$528$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $7,700,000, adding $6,117 every year, while hoping to spend $40,672 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: 79/6/15 Blend
62$7,700,000$7,700,000$7,700,000$7,700,000
63$8,491,710$8,083,610$7,964,260$9,135,596
64$9,314,589$8,436,432$8,187,788$9,913,228
65$10,220,040$8,805,179$8,417,441$10,760,426
66$11,216,440$9,190,589$8,653,381$11,688,831
67$12,313,022$9,593,434$8,895,775$12,706,555
68$13,519,960$10,014,521$9,144,793$13,822,530
69$14,848,463$10,454,699$9,400,610$15,046,597
70$16,310,880$10,914,854$9,663,405$16,389,592
71$17,920,823$11,395,915$9,933,362$17,863,449
72$19,693,286$11,898,854$10,210,668$19,481,314
73$21,644,793$12,424,689$10,495,518$21,257,667
74$23,793,551$12,974,489$10,788,108$23,208,456
75$26,159,625$13,549,370$11,088,640$25,351,250
76$28,765,120$14,150,503$11,397,323$27,705,401
77$31,634,399$14,779,114$11,714,370$30,292,227
78$34,794,303$15,436,486$12,039,997$33,135,212
79$38,274,413$16,123,965$12,374,428$36,260,229
80$42,107,325$16,842,961$12,717,893$39,695,776
81$46,328,954$17,594,948$13,070,624$43,473,252
82$50,978,879$18,381,472$13,432,862$47,627,249
83$56,100,715$19,204,155$13,804,853$52,195,875
84$61,742,521$20,064,691$14,186,849$57,221,117
85$67,957,256$20,964,859$14,579,106$62,749,232
86$74,803,280$21,906,521$14,981,890$68,831,184
87$82,344,901$22,891,627$15,395,470$75,523,126
88$90,652,986$23,922,222$15,820,123$82,886,922
89$99,805,626$25,000,446$16,256,132$90,990,737
90$109,888,875$26,128,543$16,703,788$99,909,674
91$120,997,562$27,308,864$17,163,387$109,726,484
92$133,236,187$28,543,871$17,635,234$120,532,344
93$146,719,902$29,836,145$18,119,639$132,427,716
94$161,575,606$31,188,390$18,616,920$145,523,292
95$177,943,135$32,603,438$19,127,404$159,941,043
96$195,976,587$34,084,259$19,651,424$175,815,360
97$215,845,773$35,633,962$20,189,321$193,294,327
98$237,737,823$37,255,807$20,741,445$212,541,116
99$261,858,949$38,953,210$21,308,151$233,735,521
100$288,436,394$40,729,749$21,889,806$257,075,656