Can I retire at age 74 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$635,859$630,195$624,669$619,275$614,009$593,168
2 years$314,782$308,919$303,237$297,729$292,385$271,597
3 years$207,770$201,882$196,215$190,758$185,501$165,419
4 years$154,274$148,405$142,794$137,430$132,301$113,078
5 years$122,186$116,351$110,814$105,559$100,573$82,260
6 years$100,800$95,009$89,554$84,417$79,580$62,192
7 years$85,531$79,789$74,420$69,404$64,720$48,254
8 years$74,084$68,394$63,114$58,221$53,691$38,135
9 years$65,185$59,549$54,360$49,591$45,216$30,550
10 years$58,071$52,490$47,392$42,748$38,526$24,727
11 years$52,254$46,728$41,723$37,204$33,134$20,174
12 years$47,409$41,941$37,029$32,633$28,713$16,563
13 years$43,314$37,902$33,083$28,810$25,038$13,667
14 years$39,806$34,452$29,725$25,574$21,948$11,322
15 years$36,769$31,473$26,838$22,808$19,325$9,411
16 years$34,114$28,876$24,332$20,422$17,080$7,843
17 years$31,774$26,593$22,141$18,349$15,144$6,551
18 years$29,696$24,573$20,212$16,536$13,465$5,482
19 years$27,839$22,774$18,503$14,942$12,002$4,594
20 years$26,170$21,163$16,981$13,533$10,720$3,855
21 years$24,662$19,713$15,620$12,282$9,594$3,238
22 years$23,292$18,401$14,396$11,167$8,599$2,722
23 years$22,044$17,210$13,292$10,170$7,719$2,290
24 years$20,901$16,125$12,293$9,275$6,938$1,928
25 years$19,852$15,132$11,386$8,471$6,243$1,624
26 years$18,885$14,222$10,560$7,745$5,624$1,369
27 years$17,990$13,384$9,806$7,090$5,070$1,154
28 years$17,162$12,612$9,116$6,496$4,575$973
29 years$16,391$11,898$8,483$5,957$4,131$820
30 years$15,674$11,236$7,901$5,467$3,733$692
31 years$15,004$10,622$7,366$5,021$3,375$584
32 years$14,377$10,051$6,873$4,614$3,053$493
33 years$13,790$9,518$6,417$4,243$2,763$416
34 years$13,238$9,021$5,996$3,904$2,501$351
35 years$12,719$8,556$5,606$3,594$2,266$296
36 years$12,229$8,121$5,244$3,310$2,053$250
37 years$11,768$7,713$4,908$3,050$1,860$211
38 years$11,331$7,330$4,596$2,811$1,687$178
39 years$10,918$6,970$4,306$2,592$1,529$151
40 years$10,527$6,632$4,036$2,391$1,387$127
41 years$10,156$6,313$3,785$2,206$1,259$107
42 years$9,803$6,012$3,550$2,035$1,142$91
43 years$9,468$5,728$3,331$1,879$1,036$77
44 years$9,149$5,460$3,127$1,735$941$65
45 years$8,845$5,207$2,936$1,602$854$55
46 years$8,554$4,967$2,758$1,480$775$46
47 years$8,278$4,740$2,591$1,367$704$39
48 years$8,013$4,525$2,435$1,263$639$33
49 years$7,760$4,321$2,289$1,168$581$28
50 years$7,518$4,128$2,152$1,079$528$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $7,700,000, adding $4,661 every year, while hoping to spend $25,984 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: 70/20/10 Blend
73$7,700,000$7,700,000$7,700,000$7,700,000
74$8,490,208$8,082,108$7,962,758$9,067,517
75$9,328,562$8,450,484$8,201,863$9,818,965
76$10,251,558$8,836,040$8,448,108$10,637,376
77$11,267,801$9,239,590$8,701,704$11,532,256
78$12,386,774$9,661,988$8,962,868$12,511,120
79$13,618,927$10,104,127$9,231,826$13,582,241
80$14,975,773$10,566,945$9,508,808$14,754,721
81$16,470,001$11,051,424$9,794,052$16,038,578
82$18,115,590$11,558,594$10,087,803$17,444,838
83$19,927,948$12,089,532$10,390,312$18,985,638
84$21,924,051$12,645,371$10,701,839$20,674,337
85$24,122,604$13,227,295$11,022,651$22,525,642
86$26,544,223$13,836,545$11,353,022$24,555,743
87$29,211,622$14,474,424$11,693,237$26,782,466
88$32,149,831$15,142,295$12,043,584$29,225,436
89$35,386,435$15,841,588$12,404,366$31,906,261
90$38,951,828$16,573,803$12,775,888$34,848,734
91$42,879,505$17,340,509$13,158,471$38,079,056
92$47,206,374$18,143,353$13,552,439$41,626,077
93$51,973,108$18,984,062$13,958,130$45,521,569
94$57,224,527$19,864,443$14,375,889$49,800,522
95$63,010,021$20,786,393$14,806,074$54,501,470
96$69,384,016$21,751,899$15,249,050$59,666,851
97$76,406,488$22,763,044$15,705,196$65,343,408
98$84,143,529$23,822,013$16,174,899$71,582,623
99$92,667,971$24,931,094$16,658,560$78,441,200
100$102,060,074$26,092,687$17,156,591$85,981,596