Can I retire at age 75 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$553,280$548,351$543,543$538,850$534,267$528,468
2 years$273,901$268,800$263,856$259,063$254,413$248,574
3 years$180,787$175,664$170,732$165,984$161,410$155,712
4 years$134,239$129,131$124,249$119,582$115,119$109,606
5 years$106,317$101,241$96,423$91,850$87,512$82,200
6 years$87,709$82,671$77,924$73,454$69,245$64,142
7 years$74,423$69,427$64,755$60,390$56,315$51,421
8 years$64,463$59,511$54,917$50,660$46,718$42,035
9 years$56,720$51,815$47,300$43,151$39,344$34,868
10 years$50,529$45,673$41,238$37,197$33,523$29,252
11 years$45,467$40,660$36,305$32,372$28,831$24,762
12 years$41,252$36,494$32,220$28,395$24,984$21,112
13 years$37,689$32,980$28,786$25,068$21,787$18,107
14 years$34,636$29,978$25,864$22,253$19,098$15,606
15 years$31,994$27,385$23,352$19,846$16,815$13,506
16 years$29,684$25,125$21,172$17,770$14,862$11,728
17 years$27,647$23,140$19,266$15,966$13,177$10,214
18 years$25,839$21,382$17,587$14,388$11,717$8,918
19 years$24,224$19,817$16,100$13,001$10,443$7,803
20 years$22,771$18,415$14,776$11,775$9,328$6,841
21 years$21,459$17,152$13,591$10,687$8,348$6,006
22 years$20,267$16,011$12,526$9,717$7,482$5,281
23 years$19,181$14,975$11,566$8,849$6,717$4,649
24 years$18,187$14,031$10,696$8,071$6,037$4,096
25 years$17,274$13,167$9,907$7,371$5,432$3,613
26 years$16,432$12,375$9,188$6,739$4,893$3,189
27 years$15,654$11,646$8,532$6,169$4,412$2,817
28 years$14,933$10,974$7,932$5,652$3,981$2,490
29 years$14,263$10,353$7,381$5,183$3,595$2,202
30 years$13,638$9,777$6,875$4,757$3,248$1,949
31 years$13,055$9,243$6,410$4,369$2,936$1,725
32 years$12,510$8,745$5,980$4,015$2,656$1,528
33 years$11,999$8,282$5,584$3,692$2,404$1,353
34 years$11,519$7,850$5,217$3,397$2,176$1,199
35 years$11,067$7,445$4,878$3,127$1,971$1,063
36 years$10,641$7,067$4,563$2,880$1,786$942
37 years$10,239$6,712$4,271$2,654$1,619$835
38 years$9,860$6,378$3,999$2,446$1,468$741
39 years$9,500$6,065$3,747$2,255$1,331$657
40 years$9,160$5,771$3,512$2,080$1,207$583
41 years$8,837$5,493$3,293$1,919$1,095$517
42 years$8,530$5,231$3,089$1,771$994$459
43 years$8,238$4,984$2,899$1,635$902$407
44 years$7,961$4,751$2,721$1,510$819$361
45 years$7,696$4,531$2,555$1,394$743$321
46 years$7,444$4,322$2,400$1,288$675$285
47 years$7,203$4,125$2,254$1,190$613$253
48 years$6,972$3,938$2,119$1,099$556$224
49 years$6,752$3,760$1,991$1,016$505$199
50 years$6,542$3,592$1,872$939$459$177

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $6,700,000, adding $2,236 every year, while hoping to spend $25,017 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: 59/27/14 Blend
74$6,700,000$6,700,000$6,700,000$6,700,000
75$7,385,706$7,030,606$6,926,756$7,795,370
76$8,112,431$7,348,488$7,132,185$8,389,887
77$8,912,442$7,681,108$7,343,657$9,034,910
78$9,793,190$8,029,161$7,561,348$9,737,699
79$10,762,882$8,393,376$7,785,440$10,503,824
80$11,830,562$8,774,518$8,016,118$11,339,408
81$13,006,197$9,173,387$8,253,576$12,251,185
82$14,300,767$9,590,821$8,498,009$13,246,562
83$15,726,374$10,027,699$8,749,620$14,333,684
84$17,296,350$10,484,943$9,008,619$15,521,513
85$19,025,390$10,963,517$9,275,219$16,819,904
86$20,929,683$11,464,433$9,549,642$18,239,705
87$23,027,071$11,988,750$9,832,116$19,792,847
88$25,337,212$12,537,579$10,122,872$21,492,462
89$27,881,772$13,112,085$10,422,152$23,352,999
90$30,684,622$13,713,487$10,730,204$25,390,361
91$33,772,069$14,343,062$11,047,281$27,622,051
92$37,173,100$15,002,152$11,373,645$30,067,333
93$40,919,659$15,692,161$11,709,564$32,747,413
94$45,046,946$16,414,559$12,055,317$35,685,636
95$49,593,751$17,170,889$12,411,187$38,907,698
96$54,602,819$17,962,768$12,777,467$42,441,893
97$60,121,253$18,791,889$13,154,458$46,319,369
98$66,200,959$19,660,030$13,542,471$50,574,423
99$72,899,136$20,569,051$13,941,823$55,244,817
100$80,278,816$21,520,902$14,352,842$60,372,135