Can I retire at age 74 with 7,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$644,117$638,379$632,782$627,318$621,983$601,351
2 years$318,870$312,931$307,176$301,595$296,182$275,596
3 years$210,468$204,504$198,763$193,235$187,910$168,016
4 years$156,278$150,332$144,648$139,215$134,019$114,970
5 years$123,772$117,862$112,253$106,930$101,879$83,725
6 years$102,109$96,243$90,717$85,513$80,614$63,369
7 years$86,641$80,825$75,386$70,305$65,560$49,223
8 years$75,046$69,282$63,934$58,977$54,389$38,947
9 years$66,032$60,322$55,066$50,235$45,803$31,238
10 years$58,825$53,171$48,008$43,303$39,027$25,316
11 years$52,932$47,335$42,265$37,687$33,564$20,681
12 years$48,025$42,486$37,509$33,057$29,086$17,002
13 years$43,876$38,395$33,512$29,184$25,364$14,048
14 years$40,323$34,900$30,111$25,906$22,234$11,655
15 years$37,246$31,881$27,186$23,104$19,576$9,701
16 years$34,557$29,251$24,648$20,687$17,301$8,097
17 years$32,186$26,939$22,429$18,587$15,341$6,773
18 years$30,082$24,893$20,475$16,751$13,640$5,676
19 years$28,201$23,070$18,744$15,136$12,158$4,764
20 years$26,510$21,438$17,202$13,708$10,860$4,004
21 years$24,982$19,969$15,822$12,441$9,718$3,368
22 years$23,595$18,640$14,583$11,312$8,711$2,836
23 years$22,330$17,434$13,465$10,302$7,819$2,390
24 years$21,173$16,334$12,453$9,396$7,028$2,015
25 years$20,110$15,329$11,534$8,581$6,324$1,700
26 years$19,130$14,407$10,697$7,846$5,697$1,435
27 years$18,224$13,558$9,933$7,182$5,136$1,211
28 years$17,384$12,776$9,234$6,580$4,634$1,023
29 years$16,604$12,053$8,593$6,034$4,185$864
30 years$15,877$11,382$8,004$5,538$3,781$730
31 years$15,199$10,760$7,462$5,086$3,419$617
32 years$14,564$10,181$6,962$4,674$3,092$522
33 years$13,969$9,642$6,501$4,298$2,799$441
34 years$13,410$9,138$6,074$3,955$2,534$373
35 years$12,884$8,667$5,678$3,640$2,295$315
36 years$12,388$8,227$5,312$3,353$2,079$267
37 years$11,921$7,813$4,972$3,089$1,885$226
38 years$11,479$7,426$4,656$2,847$1,709$191
39 years$11,060$7,061$4,362$2,625$1,549$161
40 years$10,664$6,718$4,089$2,422$1,405$136
41 years$10,288$6,395$3,834$2,234$1,275$115
42 years$9,931$6,090$3,596$2,062$1,157$98
43 years$9,591$5,803$3,375$1,903$1,050$83
44 years$9,268$5,531$3,168$1,757$953$70
45 years$8,959$5,275$2,974$1,623$865$59
46 years$8,666$5,032$2,794$1,499$786$50
47 years$8,385$4,802$2,625$1,385$713$42
48 years$8,117$4,584$2,466$1,280$648$36
49 years$7,861$4,377$2,318$1,183$588$30
50 years$7,616$4,182$2,179$1,093$534$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $7,800,000, adding $4,647 every year, while hoping to spend $55,103 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: 41/32/27 Blend
73$7,800,000$7,800,000$7,800,000$7,800,000
74$8,600,393$8,186,993$8,066,093$8,884,524
75$9,419,004$8,529,527$8,277,678$9,432,632
76$10,319,267$8,886,998$8,494,505$10,020,012
77$11,309,451$9,260,080$8,716,690$10,654,759
78$12,398,669$9,649,478$8,944,353$11,341,262
79$13,596,960$10,055,929$9,177,616$12,084,337
80$14,915,387$10,480,206$9,416,602$12,889,277
81$16,366,136$10,923,116$9,661,438$13,761,894
82$17,962,637$11,385,504$9,912,251$14,708,576
83$19,719,687$11,868,254$10,169,172$15,736,341
84$21,653,589$12,372,292$10,432,333$16,852,904
85$23,782,307$12,898,587$10,701,869$18,066,743
86$26,125,636$13,448,152$10,977,915$19,387,181
87$28,705,387$14,022,047$11,260,612$20,824,467
88$31,545,593$14,621,384$11,550,099$22,389,873
89$34,672,737$15,247,325$11,846,520$24,095,793
90$38,115,998$15,901,086$12,150,021$25,955,862
91$41,907,531$16,583,940$12,460,747$27,985,075
92$46,082,766$17,297,221$12,778,850$30,199,931
93$50,680,747$18,042,323$13,104,480$32,618,580
94$55,744,495$18,820,708$13,437,792$35,260,995
95$61,321,415$19,633,905$13,778,939$38,149,150
96$67,463,747$20,483,514$14,128,082$41,307,230
97$74,229,055$21,371,212$14,485,378$44,761,851
98$81,680,771$22,298,753$14,850,990$48,542,308
99$89,888,792$23,267,975$15,225,081$52,680,844
100$98,930,144$24,280,801$15,607,817$57,212,952