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%14.6%
1 years$627,601$622,011$616,556$611,233$606,035$594,528
2 years$310,694$304,907$299,299$293,862$288,588$277,040
3 years$205,072$199,260$193,666$188,280$183,092$171,863
4 years$152,271$146,477$140,940$135,645$130,583$119,759
5 years$120,599$114,840$109,375$104,189$99,267$88,879
6 years$99,491$93,775$88,391$83,320$78,547$68,606
7 years$84,420$78,753$73,453$68,502$63,879$54,389
8 years$73,122$67,505$62,294$57,465$52,994$43,951
9 years$64,339$58,776$53,654$48,947$44,629$36,028
10 years$57,317$51,808$46,777$42,193$38,026$29,859
11 years$51,575$46,121$41,182$36,721$32,704$24,961
12 years$46,794$41,396$36,548$32,209$28,340$21,011
13 years$42,751$37,410$32,653$28,436$24,713$17,786
14 years$39,289$34,005$29,339$25,242$21,663$15,125
15 years$36,291$31,064$26,489$22,511$19,074$12,912
16 years$33,671$28,501$24,016$20,157$16,858$11,057
17 years$31,361$26,248$21,854$18,110$14,947$9,494
18 years$29,310$24,254$19,950$16,321$13,290$8,171
19 years$27,477$22,479$18,263$14,748$11,846$7,045
20 years$25,830$20,888$16,761$13,357$10,581$6,085
21 years$24,341$19,457$15,417$12,122$9,469$5,263
22 years$22,990$18,162$14,209$11,022$8,488$4,557
23 years$21,758$16,987$13,119$10,038$7,619$3,950
24 years$20,630$15,915$12,133$9,155$6,848$3,427
25 years$19,594$14,936$11,238$8,361$6,162$2,975
26 years$18,639$14,037$10,422$7,645$5,551$2,585
27 years$17,757$13,211$9,678$6,997$5,004$2,247
28 years$16,939$12,448$8,997$6,411$4,516$1,954
29 years$16,179$11,744$8,373$5,879$4,077$1,701
30 years$15,470$11,091$7,799$5,396$3,684$1,480
31 years$14,809$10,484$7,271$4,955$3,331$1,289
32 years$14,190$9,920$6,784$4,554$3,013$1,123
33 years$13,610$9,395$6,334$4,188$2,727$978
34 years$13,066$8,904$5,918$3,853$2,469$852
35 years$12,553$8,445$5,533$3,547$2,236$743
36 years$12,071$8,016$5,176$3,267$2,026$647
37 years$11,615$7,613$4,845$3,010$1,836$564
38 years$11,184$7,235$4,537$2,774$1,665$492
39 years$10,777$6,880$4,250$2,558$1,510$429
40 years$10,390$6,546$3,984$2,359$1,369$374
41 years$10,024$6,231$3,736$2,177$1,242$326
42 years$9,676$5,934$3,504$2,009$1,127$285
43 years$9,345$5,654$3,288$1,855$1,023$248
44 years$9,030$5,389$3,087$1,712$929$217
45 years$8,730$5,139$2,898$1,581$843$189
46 years$8,443$4,903$2,722$1,461$765$165
47 years$8,170$4,679$2,557$1,350$695$144
48 years$7,909$4,466$2,403$1,247$631$125
49 years$7,659$4,265$2,259$1,153$573$109
50 years$7,420$4,074$2,124$1,065$521$95

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 $5,297 every year, while hoping to spend $48,755 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: 50/20/30 Blend
73$7,600,000$7,600,000$7,600,000$7,600,000
74$8,380,664$7,977,864$7,860,064$8,728,127
75$9,183,617$8,316,904$8,071,501$9,311,304
76$10,066,837$8,670,924$8,288,387$9,939,592
77$11,038,459$9,040,604$8,510,854$10,621,611
78$12,107,449$9,426,661$8,739,034$11,362,489
79$13,283,682$9,829,841$8,973,065$12,167,869
80$14,578,041$10,250,926$9,213,087$13,043,954
81$16,002,517$10,690,737$9,459,240$13,997,568
82$17,570,321$11,150,130$9,711,672$15,036,215
83$19,296,010$11,630,004$9,970,530$16,168,150
84$21,195,626$12,131,296$10,235,965$17,402,456
85$23,286,842$12,654,992$10,508,133$18,749,126
86$25,589,135$13,202,121$10,787,189$20,219,156
87$28,123,962$13,773,761$11,073,296$21,824,646
88$30,914,971$14,371,040$11,366,616$23,578,913
89$33,988,218$14,995,141$11,667,317$25,496,614
90$37,372,413$15,647,300$11,975,570$27,593,881
91$41,099,194$16,328,812$12,291,546$29,888,471
92$45,203,423$17,041,035$12,615,424$32,399,934
93$49,723,515$17,785,388$12,947,383$35,149,790
94$54,701,800$18,563,359$13,287,607$38,161,732
95$60,184,924$19,376,505$13,636,283$41,461,848
96$66,224,289$20,226,456$13,993,601$45,078,859
97$72,876,535$21,114,921$14,359,755$49,044,395
98$80,204,078$22,043,688$14,734,943$53,393,282
99$88,275,694$23,014,629$15,119,364$58,163,872
100$97,167,176$24,029,707$15,513,224$63,398,402