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%17.6%
1 years$619,343$613,826$608,444$603,190$598,061$579,613
2 years$306,605$300,895$295,361$289,995$284,791$266,366
3 years$202,373$196,638$191,118$185,803$180,683$162,859
4 years$150,267$144,550$139,085$133,860$128,865$111,779
5 years$119,012$113,329$107,936$102,818$97,961$81,659
6 years$98,182$92,542$87,228$82,224$77,513$62,009
7 years$83,309$77,716$72,487$67,601$63,039$48,332
8 years$72,160$66,617$61,475$56,709$52,297$38,377
9 years$63,492$58,002$52,948$48,303$44,041$30,894
10 years$56,562$51,126$46,161$41,638$37,526$25,132
11 years$50,896$45,515$40,640$36,237$32,273$20,611
12 years$46,178$40,851$36,067$31,785$27,967$17,012
13 years$42,189$36,918$32,223$28,062$24,388$14,113
14 years$38,772$33,557$28,953$24,910$21,378$11,758
15 years$35,814$30,655$26,140$22,215$18,823$9,829
16 years$33,228$28,126$23,700$19,891$16,636$8,239
17 years$30,948$25,903$21,566$17,872$14,751$6,922
18 years$28,925$23,935$19,687$16,106$13,116$5,827
19 years$27,116$22,183$18,023$14,554$11,690$4,913
20 years$25,490$20,613$16,540$13,181$10,442$4,148
21 years$24,021$19,201$15,214$11,963$9,344$3,506
22 years$22,687$17,923$14,022$10,877$8,376$2,966
23 years$21,471$16,763$12,947$9,906$7,519$2,511
24 years$20,358$15,706$11,974$9,035$6,758$2,127
25 years$19,336$14,739$11,090$8,251$6,081$1,803
26 years$18,394$13,852$10,285$7,544$5,478$1,529
27 years$17,523$13,037$9,551$6,905$4,939$1,298
28 years$16,716$12,284$8,879$6,327$4,456$1,101
29 years$15,966$11,589$8,262$5,802$4,024$935
30 years$15,267$10,945$7,696$5,325$3,636$794
31 years$14,614$10,346$7,175$4,890$3,287$674
32 years$14,004$9,790$6,694$4,494$2,973$573
33 years$13,431$9,271$6,251$4,133$2,691$487
34 years$12,894$8,787$5,840$3,803$2,436$414
35 years$12,388$8,334$5,460$3,500$2,207$351
36 years$11,912$7,910$5,108$3,224$1,999$299
37 years$11,462$7,513$4,781$2,970$1,812$254
38 years$11,037$7,140$4,477$2,738$1,643$216
39 years$10,635$6,789$4,194$2,524$1,490$183
40 years$10,254$6,460$3,931$2,328$1,351$156
41 years$9,892$6,149$3,686$2,148$1,226$133
42 years$9,549$5,856$3,458$1,983$1,112$113
43 years$9,222$5,580$3,245$1,830$1,010$96
44 years$8,911$5,319$3,046$1,690$916$81
45 years$8,615$5,072$2,860$1,561$832$69
46 years$8,332$4,838$2,686$1,442$755$59
47 years$8,063$4,617$2,524$1,332$686$50
48 years$7,805$4,408$2,372$1,231$623$43
49 years$7,558$4,209$2,229$1,137$566$36
50 years$7,323$4,021$2,096$1,051$514$31

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 $6,720 every year, while hoping to spend $30,300 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: 40/30/30 Blend
73$7,500,000$7,500,000$7,500,000$7,500,000
74$8,271,932$7,874,432$7,758,182$8,529,321
75$9,083,430$8,228,040$7,985,842$9,071,463
76$9,976,685$8,597,959$8,220,113$9,654,326
77$10,960,005$8,984,957$8,461,185$10,284,375
78$12,042,543$9,389,838$8,709,252$10,965,958
79$13,234,385$9,813,443$8,964,515$11,703,848
80$14,546,646$10,256,655$9,227,179$12,503,285
81$15,991,571$10,720,398$9,497,457$13,370,026
82$17,582,656$11,205,642$9,775,566$14,310,390
83$19,334,769$11,713,401$10,061,730$15,331,321
84$21,264,296$12,244,738$10,356,179$16,440,448
85$23,389,293$12,800,769$10,659,149$17,646,153
86$25,729,654$13,382,660$10,970,885$18,957,650
87$28,307,304$13,991,636$11,291,634$20,385,065
88$31,146,401$14,628,978$11,621,656$21,939,530
89$34,273,566$15,296,029$11,961,213$23,633,285
90$37,718,134$15,994,199$12,310,578$25,479,788
91$41,512,431$16,724,962$12,670,030$27,493,839
92$45,692,078$17,489,865$13,039,855$29,691,716
93$50,296,328$18,290,527$13,420,349$32,091,323
94$55,368,438$19,128,646$13,811,814$34,712,355
95$60,956,072$20,006,003$14,214,563$37,576,481
96$67,111,756$20,924,462$14,628,916$40,707,539
97$73,893,372$21,885,978$15,055,202$44,131,762
98$81,364,704$22,892,599$15,493,759$47,878,015
99$89,596,039$23,946,472$15,944,936$51,978,065
100$98,664,833$25,049,847$16,409,089$56,466,872