Can I retire at age 74 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$627,601$622,011$616,556$611,233$606,035$591,865
2 years$310,694$304,907$299,299$293,862$288,588$274,393
3 years$205,072$199,260$193,666$188,280$183,092$169,315
4 years$152,271$146,477$140,940$135,645$130,583$117,330
5 years$120,599$114,840$109,375$104,189$99,267$86,575
6 years$99,491$93,775$88,391$83,320$78,547$66,429
7 years$84,420$78,753$73,453$68,502$63,879$52,338
8 years$73,122$67,505$62,294$57,465$52,994$42,024
9 years$64,339$58,776$53,654$48,947$44,629$34,221
10 years$57,317$51,808$46,777$42,193$38,026$28,170
11 years$51,575$46,121$41,182$36,721$32,704$23,385
12 years$46,794$41,396$36,548$32,209$28,340$19,545
13 years$42,751$37,410$32,653$28,436$24,713$16,424
14 years$39,289$34,005$29,339$25,242$21,663$13,863
15 years$36,291$31,064$26,489$22,511$19,074$11,744
16 years$33,671$28,501$24,016$20,157$16,858$9,979
17 years$31,361$26,248$21,854$18,110$14,947$8,501
18 years$29,310$24,254$19,950$16,321$13,290$7,257
19 years$27,477$22,479$18,263$14,748$11,846$6,207
20 years$25,830$20,888$16,761$13,357$10,581$5,316
21 years$24,341$19,457$15,417$12,122$9,469$4,560
22 years$22,990$18,162$14,209$11,022$8,488$3,915
23 years$21,758$16,987$13,119$10,038$7,619$3,364
24 years$20,630$15,915$12,133$9,155$6,848$2,894
25 years$19,594$14,936$11,238$8,361$6,162$2,490
26 years$18,639$14,037$10,422$7,645$5,551$2,145
27 years$17,757$13,211$9,678$6,997$5,004$1,848
28 years$16,939$12,448$8,997$6,411$4,516$1,593
29 years$16,179$11,744$8,373$5,879$4,077$1,373
30 years$15,470$11,091$7,799$5,396$3,684$1,185
31 years$14,809$10,484$7,271$4,955$3,331$1,022
32 years$14,190$9,920$6,784$4,554$3,013$882
33 years$13,610$9,395$6,334$4,188$2,727$761
34 years$13,066$8,904$5,918$3,853$2,469$657
35 years$12,553$8,445$5,533$3,547$2,236$568
36 years$12,071$8,016$5,176$3,267$2,026$490
37 years$11,615$7,613$4,845$3,010$1,836$423
38 years$11,184$7,235$4,537$2,774$1,665$366
39 years$10,777$6,880$4,250$2,558$1,510$316
40 years$10,390$6,546$3,984$2,359$1,369$273
41 years$10,024$6,231$3,736$2,177$1,242$236
42 years$9,676$5,934$3,504$2,009$1,127$204
43 years$9,345$5,654$3,288$1,855$1,023$176
44 years$9,030$5,389$3,087$1,712$929$152
45 years$8,730$5,139$2,898$1,581$843$131
46 years$8,443$4,903$2,722$1,461$765$114
47 years$8,170$4,679$2,557$1,350$695$98
48 years$7,909$4,466$2,403$1,247$631$85
49 years$7,659$4,265$2,259$1,153$573$73
50 years$7,420$4,074$2,124$1,065$521$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $7,600,000, adding $6,202 every year, while hoping to spend $25,153 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: 62/12/26 Blend
73$7,600,000$7,600,000$7,600,000$7,600,000
74$8,381,597$7,978,797$7,860,997$8,842,844
75$9,209,758$8,342,996$8,097,578$9,520,674
76$10,121,547$8,724,197$8,341,241$10,257,171
77$11,125,470$9,123,207$8,592,198$11,060,821
78$12,230,896$9,540,872$8,850,664$11,938,190
79$13,448,150$9,978,078$9,116,864$12,896,505
80$14,788,609$10,435,752$9,391,027$13,943,717
81$16,264,811$10,914,868$9,673,391$15,088,579
82$17,890,570$11,416,444$9,964,198$16,340,723
83$19,681,109$11,941,551$10,263,699$17,710,752
84$21,653,203$12,491,308$10,572,154$19,210,337
85$23,825,336$13,066,888$10,889,827$20,852,328
86$26,217,877$13,669,522$11,216,992$22,650,869
87$28,853,271$14,300,499$11,553,932$24,621,535
88$31,756,252$14,961,171$11,900,937$26,781,472
89$34,954,076$15,652,955$12,258,304$29,149,561
90$38,476,776$16,377,334$12,626,342$31,746,592
91$42,357,450$17,135,866$13,005,367$34,595,460
92$46,632,567$17,930,181$13,395,704$37,721,375
93$51,342,318$18,761,989$13,797,689$41,152,102
94$56,530,990$19,633,082$14,211,668$44,918,218
95$62,247,388$20,545,339$14,637,995$49,053,401
96$68,545,290$21,500,730$15,077,036$53,594,741
97$75,483,961$22,501,317$15,529,169$58,583,092
98$83,128,709$23,549,266$15,994,780$64,063,449
99$91,551,501$24,646,843$16,474,269$70,085,378
100$100,831,643$25,796,427$16,968,046$76,703,473