Can I retire at age 75 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$520,248$515,614$511,093$506,680$502,371$493,237
2 years$257,549$252,752$248,103$243,596$239,224$230,055
3 years$169,994$165,176$160,539$156,074$151,774$142,854
4 years$126,225$121,422$116,831$112,443$108,246$99,645
5 years$99,970$95,196$90,666$86,367$82,287$74,029
6 years$82,473$77,735$73,272$69,068$65,111$57,206
7 years$69,980$65,282$60,889$56,785$52,953$45,402
8 years$60,614$55,958$51,639$47,635$43,929$36,732
9 years$53,333$48,722$44,476$40,575$36,995$30,146
10 years$47,512$42,946$38,776$34,976$31,521$25,015
11 years$42,753$38,232$34,137$30,439$27,110$20,938
12 years$38,789$34,315$30,296$26,700$23,493$17,647
13 years$35,438$31,011$27,068$23,572$20,486$14,958
14 years$32,569$28,188$24,320$20,924$17,958$12,738
15 years$30,084$25,750$21,958$18,661$15,812$10,889
16 years$27,911$23,625$19,908$16,709$13,974$9,338
17 years$25,997$21,758$18,116$15,013$12,391$8,030
18 years$24,297$20,106$16,537$13,529$11,017$6,920
19 years$22,777$18,634$15,139$12,225$9,820$5,976
20 years$21,412$17,315$13,894$11,072$8,771$5,169
21 years$20,178$16,128$12,780$10,049$7,849$4,477
22 years$19,057$15,055$11,778$9,136$7,036$3,883
23 years$18,036$14,081$10,875$8,321$6,316$3,371
24 years$17,101$13,193$10,058$7,589$5,677$2,929
25 years$16,242$12,381$9,316$6,931$5,108$2,547
26 years$15,451$11,636$8,640$6,337$4,601$2,217
27 years$14,719$10,951$8,023$5,801$4,148$1,930
28 years$14,041$10,319$7,458$5,315$3,743$1,681
29 years$13,411$9,735$6,940$4,874$3,380$1,465
30 years$12,824$9,193$6,465$4,473$3,054$1,278
31 years$12,276$8,691$6,027$4,108$2,761$1,114
32 years$11,763$8,223$5,623$3,775$2,498$972
33 years$11,282$7,788$5,250$3,472$2,260$848
34 years$10,831$7,381$4,906$3,194$2,047$740
35 years$10,406$7,001$4,586$2,940$1,854$646
36 years$10,006$6,645$4,291$2,708$1,679$564
37 years$9,628$6,311$4,016$2,495$1,522$493
38 years$9,271$5,998$3,761$2,300$1,380$430
39 years$8,933$5,703$3,523$2,121$1,251$376
40 years$8,613$5,426$3,302$1,956$1,135$328
41 years$8,309$5,165$3,097$1,805$1,030$287
42 years$8,021$4,919$2,905$1,665$934$251
43 years$7,746$4,687$2,726$1,537$848$219
44 years$7,485$4,468$2,559$1,419$770$191
45 years$7,236$4,260$2,402$1,311$699$167
46 years$6,999$4,064$2,256$1,211$634$146
47 years$6,773$3,878$2,120$1,119$576$128
48 years$6,556$3,702$1,992$1,034$523$112
49 years$6,349$3,536$1,872$955$475$98
50 years$6,151$3,377$1,760$883$432$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $6,300,000, adding $2,812 every year, while hoping to spend $43,953 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: 54/23/23 Blend
74$6,300,000$6,300,000$6,300,000$6,300,000
75$6,945,501$6,611,601$6,513,951$7,276,493
76$7,607,176$6,888,803$6,685,402$7,781,557
77$8,334,869$7,178,116$6,861,124$8,326,274
78$9,135,268$7,480,085$7,041,214$8,918,352
79$10,015,739$7,795,284$7,225,769$9,562,336
80$10,984,402$8,124,310$7,414,890$10,263,227
81$12,050,201$8,467,791$7,608,678$11,026,523
82$13,222,991$8,826,383$7,807,239$11,858,270
83$14,513,632$9,200,771$8,010,676$12,765,123
84$15,934,087$9,591,674$8,219,099$13,754,399
85$17,497,541$9,999,843$8,432,616$14,834,152
86$19,218,519$10,426,064$8,651,338$16,013,242
87$21,113,029$10,871,162$8,875,379$17,301,420
88$23,198,707$11,335,998$9,104,853$18,709,417
89$25,494,987$11,821,473$9,339,877$20,249,042
90$28,023,282$12,328,532$9,580,569$21,933,295
91$30,807,189$12,858,163$9,827,051$23,776,485
92$33,872,710$13,411,400$10,079,444$25,794,363
93$37,248,494$13,989,326$10,337,873$28,004,270
94$40,966,112$14,593,075$10,602,464$30,425,296
95$45,060,352$15,223,833$10,873,343$33,078,459
96$49,569,550$15,882,842$11,150,642$35,986,904
97$54,535,946$16,571,404$11,434,491$39,176,111
98$60,006,089$17,290,879$11,725,023$42,674,143
99$66,031,273$18,042,695$12,022,374$46,511,897
100$72,668,019$18,828,343$12,326,679$50,723,403