Can I retire at age 75 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$545,022$540,167$535,431$530,807$526,293$510,264
2 years$269,813$264,788$259,918$255,196$250,616$234,604
3 years$178,088$173,042$168,184$163,506$159,001$143,509
4 years$132,235$127,204$122,395$117,797$113,401$98,547
5 years$104,731$99,729$94,983$90,480$86,206$72,031
6 years$86,400$81,437$76,761$72,357$68,211$54,728
7 years$73,312$68,390$63,789$59,489$55,474$42,681
8 years$63,500$58,623$54,098$49,904$46,021$33,910
9 years$55,873$51,042$46,594$42,507$38,757$27,315
10 years$49,775$44,991$40,622$36,641$33,022$22,234
11 years$44,789$40,053$35,763$31,889$28,400$18,246
12 years$40,637$35,949$31,739$27,971$24,611$15,070
13 years$37,126$32,488$28,356$24,694$21,461$12,511
14 years$34,119$29,530$25,478$21,921$18,813$10,430
15 years$31,516$26,977$23,004$19,549$16,564$8,725
16 years$29,240$24,750$20,856$17,504$14,640$7,319
17 years$27,235$22,794$18,978$15,728$12,981$6,154
18 years$25,454$21,063$17,325$14,174$11,542$5,184
19 years$23,862$19,521$15,860$12,807$10,287$4,374
20 years$22,431$18,140$14,555$11,599$9,189$3,696
21 years$21,139$16,896$13,388$10,527$8,223$3,126
22 years$19,965$15,772$12,339$9,572$7,371$2,647
23 years$18,895$14,751$11,393$8,717$6,616$2,243
24 years$17,915$13,821$10,537$7,950$5,947$1,901
25 years$17,016$12,970$9,759$7,261$5,351$1,613
26 years$16,187$12,190$9,051$6,639$4,820$1,369
27 years$15,420$11,472$8,405$6,077$4,346$1,163
28 years$14,710$10,810$7,813$5,568$3,921$988
29 years$14,050$10,198$7,271$5,106$3,541$839
30 years$13,435$9,631$6,773$4,686$3,199$713
31 years$12,861$9,105$6,314$4,303$2,893$606
32 years$12,323$8,615$5,891$3,955$2,617$515
33 years$11,820$8,158$5,500$3,637$2,368$438
34 years$11,347$7,732$5,139$3,346$2,144$373
35 years$10,902$7,334$4,805$3,080$1,942$317
36 years$10,482$6,961$4,495$2,837$1,759$270
37 years$10,087$6,611$4,207$2,614$1,595$229
38 years$9,713$6,283$3,940$2,409$1,446$195
39 years$9,359$5,975$3,691$2,221$1,311$166
40 years$9,023$5,684$3,460$2,049$1,189$141
41 years$8,705$5,411$3,244$1,890$1,079$120
42 years$8,403$5,153$3,043$1,745$979$102
43 years$8,115$4,910$2,856$1,611$888$87
44 years$7,842$4,680$2,680$1,487$806$74
45 years$7,581$4,463$2,517$1,373$732$63
46 years$7,332$4,258$2,364$1,269$665$54
47 years$7,095$4,063$2,221$1,172$604$46
48 years$6,868$3,879$2,087$1,083$548$39
49 years$6,651$3,704$1,962$1,001$498$33
50 years$6,444$3,538$1,844$925$452$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $6,600,000, adding $3,506 every year, while hoping to spend $32,351 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: 47/26/27 Blend
74$6,600,000$6,600,000$6,600,000$6,600,000
75$7,276,816$6,927,016$6,824,716$7,562,380
76$7,984,631$7,232,019$7,018,923$8,069,016
77$8,763,557$7,550,882$7,218,552$8,615,201
78$9,620,816$7,884,252$7,423,749$9,207,470
79$10,564,362$8,232,803$7,634,667$9,850,170
80$11,602,959$8,597,242$7,851,461$10,548,077
81$12,746,266$8,978,312$8,074,290$11,306,439
82$14,004,924$9,376,788$8,303,318$12,131,026
83$15,390,659$9,793,484$8,538,711$13,028,179
84$16,916,392$10,229,250$8,780,644$14,004,872
85$18,596,360$10,684,979$9,029,292$15,068,771
86$20,446,252$11,161,606$9,284,836$16,228,308
87$22,483,353$11,660,109$9,547,462$17,492,753
88$24,726,714$12,181,513$9,817,361$18,872,308
89$27,197,325$12,726,893$10,094,728$20,378,191
90$29,918,315$13,297,374$10,379,765$22,022,745
91$32,915,173$13,894,135$10,672,676$23,819,550
92$36,215,984$14,518,410$10,973,674$25,783,549
93$39,851,696$15,171,495$11,282,974$27,931,184
94$43,856,414$15,854,743$11,600,798$30,280,552
95$48,267,718$16,569,575$11,927,375$32,851,569
96$53,127,021$17,317,480$12,262,938$35,666,153
97$58,479,956$18,100,016$12,607,725$38,748,433
98$64,376,811$18,918,816$12,961,984$42,124,968
99$70,873,000$19,775,592$13,325,965$45,824,999
100$78,029,588$20,672,138$13,699,926$49,880,712