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

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$644,117$638,379$632,782$627,318$621,983$611,176
2 years$318,870$312,931$307,176$301,595$296,182$285,330
3 years$210,468$204,504$198,763$193,235$187,910$177,350
4 years$156,278$150,332$144,648$139,215$134,019$123,832
5 years$123,772$117,862$112,253$106,930$101,879$92,095
6 years$102,109$96,243$90,717$85,513$80,614$71,243
7 years$86,641$80,825$75,386$70,305$65,560$56,607
8 years$75,046$69,282$63,934$58,977$54,389$45,849
9 years$66,032$60,322$55,066$50,235$45,803$37,674
10 years$58,825$53,171$48,008$43,303$39,027$31,300
11 years$52,932$47,335$42,265$37,687$33,564$26,231
12 years$48,025$42,486$37,509$33,057$29,086$22,138
13 years$43,876$38,395$33,512$29,184$25,364$18,789
14 years$40,323$34,900$30,111$25,906$22,234$16,022
15 years$37,246$31,881$27,186$23,104$19,576$13,715
16 years$34,557$29,251$24,648$20,687$17,301$11,778
17 years$32,186$26,939$22,429$18,587$15,341$10,142
18 years$30,082$24,893$20,475$16,751$13,640$8,754
19 years$28,201$23,070$18,744$15,136$12,158$7,570
20 years$26,510$21,438$17,202$13,708$10,860$6,558
21 years$24,982$19,969$15,822$12,441$9,718$5,689
22 years$23,595$18,640$14,583$11,312$8,711$4,941
23 years$22,330$17,434$13,465$10,302$7,819$4,297
24 years$21,173$16,334$12,453$9,396$7,028$3,739
25 years$20,110$15,329$11,534$8,581$6,324$3,257
26 years$19,130$14,407$10,697$7,846$5,697$2,839
27 years$18,224$13,558$9,933$7,182$5,136$2,476
28 years$17,384$12,776$9,234$6,580$4,634$2,160
29 years$16,604$12,053$8,593$6,034$4,185$1,886
30 years$15,877$11,382$8,004$5,538$3,781$1,647
31 years$15,199$10,760$7,462$5,086$3,419$1,439
32 years$14,564$10,181$6,962$4,674$3,092$1,257
33 years$13,969$9,642$6,501$4,298$2,799$1,099
34 years$13,410$9,138$6,074$3,955$2,534$961
35 years$12,884$8,667$5,678$3,640$2,295$840
36 years$12,388$8,227$5,312$3,353$2,079$735
37 years$11,921$7,813$4,972$3,089$1,885$643
38 years$11,479$7,426$4,656$2,847$1,709$562
39 years$11,060$7,061$4,362$2,625$1,549$492
40 years$10,664$6,718$4,089$2,422$1,405$430
41 years$10,288$6,395$3,834$2,234$1,275$377
42 years$9,931$6,090$3,596$2,062$1,157$330
43 years$9,591$5,803$3,375$1,903$1,050$289
44 years$9,268$5,531$3,168$1,757$953$253
45 years$8,959$5,275$2,974$1,623$865$221
46 years$8,666$5,032$2,794$1,499$786$194
47 years$8,385$4,802$2,625$1,385$713$169
48 years$8,117$4,584$2,466$1,280$648$148
49 years$7,861$4,377$2,318$1,183$588$130
50 years$7,616$4,182$2,179$1,093$534$114

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 $6,369 every year, while hoping to spend $31,424 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: 53/39/8 Blend
73$7,800,000$7,800,000$7,800,000$7,800,000
74$8,602,170$8,188,770$8,067,870$9,040,844
75$9,446,156$8,556,584$8,304,708$9,706,875
76$10,375,176$8,941,369$8,548,428$10,427,129
77$11,397,869$9,343,922$8,799,226$11,209,950
78$12,523,757$9,765,079$9,057,305$12,061,258
79$13,763,329$10,205,717$9,322,874$12,987,557
80$15,128,146$10,666,753$9,596,147$13,995,991
81$16,630,943$11,149,151$9,877,344$15,094,412
82$18,285,758$11,653,918$10,166,694$16,291,447
83$20,108,055$12,182,110$10,464,428$17,596,582
84$22,114,876$12,734,833$10,770,786$19,020,243
85$24,325,001$13,313,247$11,086,015$20,573,893
86$26,759,123$13,918,568$11,410,368$22,270,135
87$29,440,043$14,552,068$11,744,105$24,122,830
88$32,392,890$15,215,081$12,087,495$26,147,222
89$35,645,350$15,909,006$12,440,812$28,360,078
90$39,227,936$16,635,307$12,804,339$30,779,840
91$43,174,268$17,395,520$13,178,367$33,426,797
92$47,521,397$18,191,254$13,563,195$36,323,272
93$52,310,148$19,024,194$13,959,131$39,493,826
94$57,585,511$19,896,107$14,366,490$42,965,483
95$63,397,063$20,808,846$14,785,597$46,767,984
96$69,799,434$21,764,350$15,216,785$50,934,059
97$76,852,827$22,764,655$15,660,399$55,499,729
98$84,623,583$23,811,890$16,116,789$60,504,644
99$93,184,807$24,908,291$16,586,320$65,992,444
100$102,617,058$26,056,198$17,069,363$72,011,171