Can I retire at age 74 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%18.1%
1 years$619,343$613,826$608,444$603,190$598,061$578,453
2 years$306,605$300,895$295,361$289,995$284,791$265,224
3 years$202,373$196,638$191,118$185,803$180,683$161,771
4 years$150,267$144,550$139,085$133,860$128,865$110,752
5 years$119,012$113,329$107,936$102,818$97,961$80,696
6 years$98,182$92,542$87,228$82,224$77,513$61,110
7 years$83,309$77,716$72,487$67,601$63,039$47,496
8 years$72,160$66,617$61,475$56,709$52,297$37,602
9 years$63,492$58,002$52,948$48,303$44,041$30,178
10 years$56,562$51,126$46,161$41,638$37,526$24,472
11 years$50,896$45,515$40,640$36,237$32,273$20,005
12 years$46,178$40,851$36,067$31,785$27,967$16,457
13 years$42,189$36,918$32,223$28,062$24,388$13,607
14 years$38,772$33,557$28,953$24,910$21,378$11,297
15 years$35,814$30,655$26,140$22,215$18,823$9,410
16 years$33,228$28,126$23,700$19,891$16,636$7,859
17 years$30,948$25,903$21,566$17,872$14,751$6,579
18 years$28,925$23,935$19,687$16,106$13,116$5,518
19 years$27,116$22,183$18,023$14,554$11,690$4,635
20 years$25,490$20,613$16,540$13,181$10,442$3,898
21 years$24,021$19,201$15,214$11,963$9,344$3,282
22 years$22,687$17,923$14,022$10,877$8,376$2,765
23 years$21,471$16,763$12,947$9,906$7,519$2,332
24 years$20,358$15,706$11,974$9,035$6,758$1,968
25 years$19,336$14,739$11,090$8,251$6,081$1,662
26 years$18,394$13,852$10,285$7,544$5,478$1,404
27 years$17,523$13,037$9,551$6,905$4,939$1,186
28 years$16,716$12,284$8,879$6,327$4,456$1,003
29 years$15,966$11,589$8,262$5,802$4,024$848
30 years$15,267$10,945$7,696$5,325$3,636$717
31 years$14,614$10,346$7,175$4,890$3,287$606
32 years$14,004$9,790$6,694$4,494$2,973$513
33 years$13,431$9,271$6,251$4,133$2,691$434
34 years$12,894$8,787$5,840$3,803$2,436$367
35 years$12,388$8,334$5,460$3,500$2,207$311
36 years$11,912$7,910$5,108$3,224$1,999$263
37 years$11,462$7,513$4,781$2,970$1,812$223
38 years$11,037$7,140$4,477$2,738$1,643$188
39 years$10,635$6,789$4,194$2,524$1,490$160
40 years$10,254$6,460$3,931$2,328$1,351$135
41 years$9,892$6,149$3,686$2,148$1,226$114
42 years$9,549$5,856$3,458$1,983$1,112$97
43 years$9,222$5,580$3,245$1,830$1,010$82
44 years$8,911$5,319$3,046$1,690$916$69
45 years$8,615$5,072$2,860$1,561$832$59
46 years$8,332$4,838$2,686$1,442$755$50
47 years$8,063$4,617$2,524$1,332$686$42
48 years$7,805$4,408$2,372$1,231$623$36
49 years$7,558$4,209$2,229$1,137$566$30
50 years$7,323$4,021$2,096$1,051$514$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $7,500,000, adding $3,668 every year, while hoping to spend $40,340 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: 80/6/14 Blend
73$7,500,000$7,500,000$7,500,000$7,500,000
74$8,268,784$7,871,284$7,755,034$8,906,916
75$9,069,278$8,214,055$7,971,906$9,669,753
76$9,950,071$8,572,270$8,194,691$10,501,162
77$10,919,310$8,946,643$8,423,545$11,412,443
78$11,985,973$9,337,922$8,658,627$12,411,583
79$13,159,952$9,746,890$8,900,101$13,507,374
80$14,452,146$10,174,366$9,148,133$14,709,502
81$15,874,565$10,621,211$9,402,896$16,028,633
82$17,440,442$11,088,321$9,664,564$17,476,517
83$19,164,359$11,576,641$9,933,319$19,066,093
84$21,062,382$12,087,155$10,209,344$20,811,615
85$23,152,217$12,620,897$10,492,829$22,728,783
86$25,453,371$13,178,949$10,783,966$24,834,894
87$27,987,341$13,762,444$11,082,955$27,148,997
88$30,777,814$14,372,568$11,389,999$29,692,081
89$33,850,893$15,010,565$11,705,305$32,487,265
90$37,235,338$15,677,737$12,029,087$35,560,018
91$40,962,843$16,375,447$12,361,562$38,938,398
92$45,068,334$17,105,125$12,702,955$42,653,319
93$49,590,293$17,868,266$13,053,494$46,738,835
94$54,571,130$18,666,438$13,413,413$51,232,465
95$60,057,575$19,501,283$13,782,952$56,175,546
96$66,101,124$20,374,521$14,162,357$61,613,620
97$72,758,521$21,287,955$14,551,878$67,596,864
98$80,092,297$22,243,473$14,951,773$74,180,561
99$88,171,360$23,243,051$15,362,306$81,425,623
100$97,071,641$24,288,763$15,783,746$89,399,160