Can I retire at age 75 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$388,122$384,664$381,291$377,999$374,785$370,101
2 years$192,139$188,561$185,093$181,730$178,469$173,756
3 years$126,821$123,227$119,767$116,436$113,228$108,633
4 years$94,168$90,585$87,160$83,886$80,755$76,313
5 years$74,581$71,019$67,640$64,432$61,389$57,112
6 years$61,527$57,993$54,663$51,527$48,575$44,469
7 years$52,207$48,702$45,425$42,363$39,504$35,571
8 years$45,220$41,747$38,524$35,538$32,773$29,011
9 years$39,788$36,348$33,181$30,270$27,599$24,008
10 years$35,446$32,039$28,928$26,093$23,516$20,093
11 years$31,895$28,522$25,468$22,709$20,225$16,966
12 years$28,938$25,600$22,602$19,919$17,526$14,429
13 years$26,438$23,135$20,193$17,585$15,283$12,343
14 years$24,297$21,029$18,144$15,610$13,397$10,610
15 years$22,443$19,211$16,381$13,922$11,796$9,157
16 years$20,823$17,625$14,852$12,465$10,425$7,930
17 years$19,394$16,232$13,515$11,200$9,244$6,887
18 years$18,126$14,999$12,337$10,093$8,219$5,996
19 years$16,993$13,901$11,294$9,120$7,326$5,231
20 years$15,974$12,918$10,365$8,260$6,544$4,572
21 years$15,053$12,032$9,534$7,497$5,856$4,002
22 years$14,217$11,232$8,787$6,816$5,249$3,508
23 years$13,455$10,505$8,113$6,208$4,712$3,079
24 years$12,758$9,842$7,503$5,662$4,235$2,705
25 years$12,117$9,237$6,950$5,171$3,811$2,378
26 years$11,527$8,681$6,445$4,728$3,433$2,093
27 years$10,981$8,170$5,985$4,327$3,095$1,843
28 years$10,475$7,698$5,564$3,965$2,793$1,624
29 years$10,005$7,262$5,178$3,636$2,522$1,431
30 years$9,567$6,859$4,823$3,337$2,278$1,262
31 years$9,158$6,484$4,496$3,065$2,060$1,114
32 years$8,776$6,135$4,195$2,816$1,863$983
33 years$8,417$5,810$3,917$2,590$1,686$868
34 years$8,080$5,506$3,660$2,383$1,527$766
35 years$7,763$5,223$3,422$2,194$1,383$677
36 years$7,465$4,957$3,201$2,020$1,253$598
37 years$7,183$4,708$2,996$1,861$1,136$529
38 years$6,917$4,474$2,806$1,716$1,030$467
39 years$6,664$4,255$2,629$1,582$934$413
40 years$6,426$4,048$2,464$1,459$847$365
41 years$6,199$3,853$2,310$1,346$768$323
42 years$5,984$3,670$2,167$1,242$697$285
43 years$5,779$3,497$2,033$1,147$633$252
44 years$5,584$3,333$1,909$1,059$574$223
45 years$5,399$3,178$1,792$978$521$197
46 years$5,222$3,032$1,683$903$473$175
47 years$5,053$2,893$1,581$835$430$155
48 years$4,891$2,762$1,486$771$390$137
49 years$4,737$2,638$1,397$713$355$121
50 years$4,589$2,520$1,313$659$322$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $4,700,000, adding $4,480 every year, while hoping to spend $25,675 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: 61/14/25 Blend
74$4,700,000$4,700,000$4,700,000$4,700,000
75$5,184,021$4,934,921$4,862,071$5,465,425
76$5,685,473$5,149,414$4,997,633$5,871,511
77$6,237,213$5,373,557$5,136,875$6,311,362
78$6,844,343$5,607,795$5,279,894$6,790,909
79$7,512,484$5,852,595$5,426,789$7,314,023
80$8,247,831$6,108,446$5,577,660$7,884,967
81$9,057,209$6,375,860$5,732,611$8,508,430
82$9,948,140$6,655,372$5,891,748$9,189,576
83$10,928,908$6,947,543$6,055,180$9,934,083
84$12,008,646$7,252,962$6,223,018$10,748,206
85$13,197,414$7,572,244$6,395,375$11,638,828
86$14,506,299$7,906,032$6,572,369$12,613,526
87$15,947,517$8,255,003$6,754,119$13,680,641
88$17,534,529$8,619,863$6,940,747$14,849,359
89$19,282,167$9,001,353$7,132,378$16,129,792
90$21,206,777$9,400,248$7,329,141$17,533,073
91$23,326,368$9,817,360$7,531,168$19,071,463
92$25,660,787$10,253,541$7,738,592$20,758,464
93$28,231,904$10,709,681$7,951,551$22,608,941
94$31,063,817$11,186,714$8,170,187$24,639,270
95$34,183,081$11,685,618$8,394,643$26,867,481
96$37,618,959$12,207,416$8,625,067$29,313,434
97$41,403,696$12,753,183$8,861,610$31,999,002
98$45,572,826$13,324,042$9,104,427$34,948,277
99$50,165,505$13,921,171$9,353,676$38,187,793
100$55,224,881$14,545,802$9,609,518$41,746,779