Can I retire at age 75 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$528,506$523,798$519,205$514,722$510,345$506,704
2 years$261,637$256,764$252,041$247,463$243,021$239,350
3 years$172,692$167,798$163,088$158,552$154,183$150,595
4 years$128,228$123,349$118,686$114,228$109,964$106,487
5 years$101,557$96,707$92,105$87,738$83,593$80,237
6 years$83,782$78,969$74,435$70,165$66,144$62,914
7 years$71,090$66,318$61,856$57,686$53,793$50,689
8 years$61,576$56,847$52,458$48,392$44,627$41,650
9 years$54,180$49,495$45,182$41,219$37,582$34,731
10 years$48,267$43,628$39,391$35,531$32,022$29,296
11 years$43,432$38,839$34,679$30,923$27,540$24,936
12 years$39,405$34,860$30,777$27,123$23,865$21,382
13 years$36,001$31,503$27,497$23,946$20,811$18,446
14 years$33,086$28,636$24,706$21,256$18,243$15,993
15 years$30,561$26,159$22,306$18,957$16,062$13,924
16 years$28,354$24,000$20,224$16,974$14,196$12,166
17 years$26,409$22,104$18,403$15,251$12,587$10,663
18 years$24,682$20,425$16,800$13,744$11,192$9,369
19 years$23,139$18,929$15,379$12,419$9,976$8,251
20 years$21,752$17,590$14,114$11,248$8,910$7,281
21 years$20,498$16,384$12,982$10,208$7,974$6,435
22 years$19,360$15,294$11,965$9,282$7,147$5,697
23 years$18,322$14,304$11,048$8,453$6,416$5,049
24 years$17,373$13,402$10,217$7,709$5,767$4,480
25 years$16,500$12,577$9,463$7,041$5,189$3,979
26 years$15,696$11,821$8,777$6,438$4,674$3,538
27 years$14,953$11,125$8,150$5,893$4,214$3,148
28 years$14,264$10,483$7,577$5,399$3,803$2,802
29 years$13,624$9,889$7,051$4,951$3,434$2,496
30 years$13,028$9,339$6,567$4,544$3,103$2,225
31 years$12,471$8,829$6,123$4,173$2,805$1,984
32 years$11,950$8,354$5,712$3,835$2,537$1,770
33 years$11,461$7,911$5,334$3,527$2,296$1,580
34 years$11,003$7,498$4,984$3,245$2,079$1,410
35 years$10,571$7,112$4,659$2,987$1,883$1,260
36 years$10,165$6,750$4,359$2,751$1,706$1,125
37 years$9,781$6,411$4,080$2,535$1,546$1,005
38 years$9,418$6,093$3,820$2,336$1,402$898
39 years$9,075$5,794$3,579$2,154$1,271$803
40 years$8,750$5,512$3,355$1,987$1,153$718
41 years$8,441$5,247$3,146$1,833$1,046$642
42 years$8,148$4,997$2,951$1,692$949$574
43 years$7,869$4,761$2,769$1,562$861$513
44 years$7,604$4,538$2,599$1,442$782$459
45 years$7,351$4,328$2,441$1,332$710$411
46 years$7,110$4,129$2,292$1,230$645$367
47 years$6,880$3,940$2,153$1,137$585$329
48 years$6,660$3,761$2,024$1,050$532$294
49 years$6,450$3,592$1,902$971$483$263
50 years$6,249$3,431$1,788$897$438$236

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $6,400,000, adding $5,510 every year, while hoping to spend $43,605 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: 46/36/18 Blend
74$6,400,000$6,400,000$6,400,000$6,400,000
75$7,058,484$6,719,284$6,620,084$7,346,690
76$7,732,054$7,002,133$6,795,461$7,831,253
77$8,472,866$7,297,381$6,975,252$8,351,833
78$9,287,734$7,605,588$7,159,559$8,915,690
79$10,184,164$7,927,343$7,348,485$9,526,871
80$11,170,425$8,263,259$7,542,136$10,189,820
81$12,255,631$8,613,981$7,740,619$10,909,420
82$13,449,821$8,980,182$7,944,046$11,691,035
83$14,764,058$9,362,566$8,152,527$12,540,559
84$16,210,531$9,761,871$8,366,176$13,464,473
85$17,802,672$10,178,869$8,585,109$14,469,896
86$19,555,279$10,614,369$8,809,445$15,564,659
87$21,484,659$11,069,214$9,039,303$16,757,369
88$23,608,780$11,544,292$9,274,805$18,057,493
89$25,947,441$12,040,528$9,516,077$19,475,439
90$28,522,459$12,558,892$9,763,244$21,022,657
91$31,357,872$13,100,400$10,016,435$22,711,740
92$34,480,170$13,666,115$10,275,781$24,556,542
93$37,918,542$14,257,149$10,541,414$26,572,305
94$41,705,152$14,874,668$10,813,470$28,775,799
95$45,875,442$15,519,891$11,092,086$31,185,475
96$50,468,467$16,194,096$11,377,401$33,821,641
97$55,527,263$16,898,619$11,669,556$36,706,644
98$61,099,254$17,634,861$11,968,696$39,865,079
99$67,236,696$18,404,287$12,274,965$43,324,016
100$73,997,174$19,208,433$12,588,512$47,113,255