Can I retire at age 75 with 6,200,000?

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 $6,200,000?

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$511,990$507,430$502,980$498,637$494,397$477,997
2 years$253,460$248,740$244,165$239,729$235,427$219,064
3 years$167,295$162,554$157,991$153,597$149,365$133,551
4 years$124,221$119,495$114,977$110,658$106,528$91,386
5 years$98,383$93,685$89,227$84,996$80,981$66,550
6 years$81,164$76,501$72,109$67,972$64,077$50,370
7 years$68,869$64,245$59,923$55,883$52,112$39,126
8 years$59,652$55,070$50,819$46,879$43,232$30,958
9 years$52,487$47,949$43,770$39,931$36,408$24,830
10 years$46,758$42,264$38,160$34,421$31,021$20,123
11 years$42,074$37,625$33,596$29,956$26,679$16,439
12 years$38,174$33,771$29,815$26,276$23,120$13,514
13 years$34,876$30,519$26,638$23,198$20,161$11,166
14 years$32,052$27,741$23,934$20,592$17,673$9,264
15 years$29,606$25,342$21,609$18,365$15,561$7,711
16 years$27,468$23,250$19,592$16,443$13,752$6,436
17 years$25,584$21,413$17,828$14,774$12,194$5,384
18 years$23,911$19,786$16,275$13,315$10,842$4,512
19 years$22,416$18,338$14,899$12,031$9,664$3,787
20 years$21,072$17,040$13,673$10,896$8,632$3,182
21 years$19,857$15,872$12,577$9,889$7,725$2,677
22 years$18,755$14,816$11,591$8,991$6,924$2,254
23 years$17,750$13,857$10,703$8,189$6,215$1,900
24 years$16,830$12,984$9,898$7,469$5,587$1,602
25 years$15,985$12,184$9,168$6,821$5,027$1,351
26 years$15,206$11,451$8,503$6,237$4,528$1,141
27 years$14,486$10,777$7,895$5,708$4,083$963
28 years$13,818$10,155$7,340$5,230$3,684$813
29 years$13,198$9,580$6,830$4,796$3,326$687
30 years$12,621$9,048$6,362$4,402$3,006$581
31 years$12,081$8,553$5,931$4,043$2,717$491
32 years$11,576$8,093$5,534$3,715$2,458$415
33 years$11,103$7,664$5,167$3,416$2,224$351
34 years$10,659$7,264$4,828$3,143$2,014$296
35 years$10,241$6,890$4,514$2,894$1,824$251
36 years$9,847$6,539$4,222$2,665$1,653$212
37 years$9,475$6,211$3,952$2,455$1,498$179
38 years$9,124$5,902$3,701$2,263$1,358$152
39 years$8,791$5,613$3,467$2,087$1,232$128
40 years$8,476$5,340$3,250$1,925$1,117$108
41 years$8,177$5,083$3,047$1,776$1,013$92
42 years$7,894$4,841$2,859$1,639$920$78
43 years$7,624$4,612$2,682$1,513$835$66
44 years$7,366$4,397$2,518$1,397$758$56
45 years$7,122$4,193$2,364$1,290$688$47
46 years$6,888$4,000$2,221$1,192$624$40
47 years$6,665$3,817$2,086$1,101$567$34
48 years$6,452$3,644$1,960$1,017$515$28
49 years$6,248$3,480$1,843$940$468$24
50 years$6,053$3,324$1,732$869$425$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $6,200,000, adding $6,860 every year, while hoping to spend $27,782 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: 45/30/25 Blend
74$6,200,000$6,200,000$6,200,000$6,200,000
75$6,839,476$6,510,876$6,414,776$7,097,599
76$7,507,543$6,800,349$6,600,111$7,570,403
77$8,242,821$7,103,075$6,790,724$8,079,609
78$9,052,138$7,419,675$6,986,762$8,631,301
79$9,943,013$7,750,796$7,188,376$9,229,450
80$10,923,737$8,097,121$7,395,723$9,878,423
81$12,003,440$8,459,362$7,608,961$10,583,013
82$13,192,185$8,838,265$7,828,256$11,348,488
83$14,501,061$9,234,613$8,053,775$12,180,636
84$15,942,285$9,649,225$8,285,693$13,085,819
85$17,529,321$10,082,960$8,524,186$14,071,030
86$19,277,003$10,536,717$8,769,438$15,143,954
87$21,201,679$11,011,438$9,021,636$16,313,045
88$23,321,363$11,508,111$9,280,973$17,587,596
89$25,655,903$12,027,769$9,547,647$18,977,826
90$28,227,173$12,571,498$9,821,861$20,494,977
91$31,059,275$13,140,432$10,103,824$22,151,411
92$34,178,769$13,735,761$10,393,750$23,960,730
93$37,614,922$14,358,731$10,691,859$25,937,896
94$41,399,985$15,010,650$10,998,377$28,099,373
95$45,569,497$15,692,885$11,313,536$30,463,275
96$50,162,620$16,406,871$11,637,575$33,049,535
97$55,222,511$17,154,112$11,970,737$35,880,092
98$60,796,725$17,936,181$12,313,274$38,979,088
99$66,937,666$18,754,729$12,665,444$42,373,097
100$73,703,083$19,611,486$13,027,512$46,091,369