Can I retire at age 63 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$644,117$638,379$632,782$627,318$621,983$608,182
2 years$318,870$312,931$307,176$301,595$296,182$282,350
3 years$210,468$204,504$198,763$193,235$187,910$174,478
4 years$156,278$150,332$144,648$139,215$134,019$121,091
5 years$123,772$117,862$112,253$106,930$101,879$89,491
6 years$102,109$96,243$90,717$85,513$80,614$68,779
7 years$86,641$80,825$75,386$70,305$65,560$54,281
8 years$75,046$69,282$63,934$58,977$54,389$43,661
9 years$66,032$60,322$55,066$50,235$45,803$35,618
10 years$58,825$53,171$48,008$43,303$39,027$29,374
11 years$52,932$47,335$42,265$37,687$33,564$24,432
12 years$48,025$42,486$37,509$33,057$29,086$20,459
13 years$43,876$38,395$33,512$29,184$25,364$17,227
14 years$40,323$34,900$30,111$25,906$22,234$14,570
15 years$37,246$31,881$27,186$23,104$19,576$12,369
16 years$34,557$29,251$24,648$20,687$17,301$10,533
17 years$32,186$26,939$22,429$18,587$15,341$8,992
18 years$30,082$24,893$20,475$16,751$13,640$7,694
19 years$28,201$23,070$18,744$15,136$12,158$6,595
20 years$26,510$21,438$17,202$13,708$10,860$5,661
21 years$24,982$19,969$15,822$12,441$9,718$4,867
22 years$23,595$18,640$14,583$11,312$8,711$4,188
23 years$22,330$17,434$13,465$10,302$7,819$3,608
24 years$21,173$16,334$12,453$9,396$7,028$3,110
25 years$20,110$15,329$11,534$8,581$6,324$2,683
26 years$19,130$14,407$10,697$7,846$5,697$2,316
27 years$18,224$13,558$9,933$7,182$5,136$2,001
28 years$17,384$12,776$9,234$6,580$4,634$1,729
29 years$16,604$12,053$8,593$6,034$4,185$1,494
30 years$15,877$11,382$8,004$5,538$3,781$1,292
31 years$15,199$10,760$7,462$5,086$3,419$1,118
32 years$14,564$10,181$6,962$4,674$3,092$967
33 years$13,969$9,642$6,501$4,298$2,799$837
34 years$13,410$9,138$6,074$3,955$2,534$724
35 years$12,884$8,667$5,678$3,640$2,295$627
36 years$12,388$8,227$5,312$3,353$2,079$543
37 years$11,921$7,813$4,972$3,089$1,885$470
38 years$11,479$7,426$4,656$2,847$1,709$407
39 years$11,060$7,061$4,362$2,625$1,549$353
40 years$10,664$6,718$4,089$2,422$1,405$305
41 years$10,288$6,395$3,834$2,234$1,275$264
42 years$9,931$6,090$3,596$2,062$1,157$229
43 years$9,591$5,803$3,375$1,903$1,050$198
44 years$9,268$5,531$3,168$1,757$953$172
45 years$8,959$5,275$2,974$1,623$865$149
46 years$8,666$5,032$2,794$1,499$786$129
47 years$8,385$4,802$2,625$1,385$713$112
48 years$8,117$4,584$2,466$1,280$648$97
49 years$7,861$4,377$2,318$1,183$588$84
50 years$7,616$4,182$2,179$1,093$534$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $7,800,000, adding $4,653 every year, while hoping to spend $52,411 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: 50/28/22 Blend
62$7,800,000$7,800,000$7,800,000$7,800,000
63$8,600,400$8,187,000$8,066,100$8,977,149
64$9,421,875$8,532,398$8,280,549$9,584,358
65$10,325,385$8,892,964$8,500,426$10,238,217
66$11,319,241$9,269,385$8,725,857$10,947,781
67$12,412,601$9,662,383$8,956,971$11,718,337
68$13,615,556$10,072,709$9,193,899$12,555,696
69$14,939,224$10,501,153$9,436,775$13,466,245
70$16,395,855$10,948,540$9,685,737$14,457,009
71$17,998,946$11,415,732$9,940,923$15,535,711
72$19,763,370$11,903,634$10,202,476$16,710,841
73$21,705,514$12,413,193$10,470,539$17,991,742
74$23,843,434$12,945,397$10,745,260$19,388,686
75$26,197,028$13,501,284$11,026,789$20,912,975
76$28,788,216$14,081,939$11,315,279$22,577,042
77$31,641,158$14,688,498$11,610,884$24,394,566
78$34,782,470$15,322,148$11,913,763$26,380,601
79$38,241,485$15,984,137$12,224,077$28,551,709
80$42,050,522$16,675,765$12,541,989$30,926,118
81$46,245,196$17,398,398$12,867,666$33,523,893
82$50,864,750$18,153,464$13,201,277$36,367,113
83$55,952,429$18,942,458$13,542,994$39,480,085
84$61,555,885$19,766,946$13,892,993$42,889,565
85$67,727,627$20,628,568$14,251,449$46,625,008
86$74,525,517$21,529,040$14,618,545$50,718,842
87$82,013,317$22,470,161$14,994,464$55,206,768
88$90,261,288$23,453,811$15,379,391$60,128,097
89$99,346,854$24,481,962$15,773,515$65,526,111
90$109,355,333$25,556,679$16,177,028$71,448,471
91$120,380,743$26,680,122$16,590,125$77,947,659
92$132,526,687$27,854,556$17,013,002$85,081,471
93$145,907,330$29,082,351$17,445,859$92,913,554
94$160,648,482$30,365,990$17,888,899$101,514,004
95$176,888,777$31,708,073$18,342,327$110,960,020
96$194,780,988$33,111,324$18,806,350$121,336,628
97$214,493,465$34,578,595$19,281,179$132,737,473
98$236,211,726$36,112,875$19,767,027$145,265,703
99$260,140,208$37,717,292$20,264,108$159,034,931
100$286,504,195$39,395,124$20,772,641$174,170,300