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%19.7%
1 years$553,280$548,351$543,543$538,850$534,267$513,475
2 years$273,901$268,800$263,856$259,063$254,413$233,717
3 years$180,787$175,664$170,732$165,984$161,410$141,461
4 years$134,239$129,131$124,249$119,582$115,119$96,069
5 years$106,317$101,241$96,423$91,850$87,512$69,409
6 years$87,709$82,671$77,924$73,454$69,245$52,102
7 years$74,423$69,427$64,755$60,390$56,315$40,126
8 years$64,463$59,511$54,917$50,660$46,718$31,468
9 years$56,720$51,815$47,300$43,151$39,344$25,008
10 years$50,529$45,673$41,238$37,197$33,523$20,076
11 years$45,467$40,660$36,305$32,372$28,831$16,241
12 years$41,252$36,494$32,220$28,395$24,984$13,219
13 years$37,689$32,980$28,786$25,068$21,787$10,811
14 years$34,636$29,978$25,864$22,253$19,098$8,876
15 years$31,994$27,385$23,352$19,846$16,815$7,309
16 years$29,684$25,125$21,172$17,770$14,862$6,035
17 years$27,647$23,140$19,266$15,966$13,177$4,992
18 years$25,839$21,382$17,587$14,388$11,717$4,137
19 years$24,224$19,817$16,100$13,001$10,443$3,433
20 years$22,771$18,415$14,776$11,775$9,328$2,852
21 years$21,459$17,152$13,591$10,687$8,348$2,372
22 years$20,267$16,011$12,526$9,717$7,482$1,974
23 years$19,181$14,975$11,566$8,849$6,717$1,644
24 years$18,187$14,031$10,696$8,071$6,037$1,370
25 years$17,274$13,167$9,907$7,371$5,432$1,142
26 years$16,432$12,375$9,188$6,739$4,893$952
27 years$15,654$11,646$8,532$6,169$4,412$794
28 years$14,933$10,974$7,932$5,652$3,981$662
29 years$14,263$10,353$7,381$5,183$3,595$553
30 years$13,638$9,777$6,875$4,757$3,248$461
31 years$13,055$9,243$6,410$4,369$2,936$385
32 years$12,510$8,745$5,980$4,015$2,656$322
33 years$11,999$8,282$5,584$3,692$2,404$269
34 years$11,519$7,850$5,217$3,397$2,176$224
35 years$11,067$7,445$4,878$3,127$1,971$187
36 years$10,641$7,067$4,563$2,880$1,786$156
37 years$10,239$6,712$4,271$2,654$1,619$131
38 years$9,860$6,378$3,999$2,446$1,468$109
39 years$9,500$6,065$3,747$2,255$1,331$91
40 years$9,160$5,771$3,512$2,080$1,207$76
41 years$8,837$5,493$3,293$1,919$1,095$64
42 years$8,530$5,231$3,089$1,771$994$53
43 years$8,238$4,984$2,899$1,635$902$44
44 years$7,961$4,751$2,721$1,510$819$37
45 years$7,696$4,531$2,555$1,394$743$31
46 years$7,444$4,322$2,400$1,288$675$26
47 years$7,203$4,125$2,254$1,190$613$22
48 years$6,972$3,938$2,119$1,099$556$18
49 years$6,752$3,760$1,991$1,016$505$15
50 years$6,542$3,592$1,872$939$459$13

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 $5,205 every year, while hoping to spend $55,661 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: 57/34/9 Blend
74$6,700,000$6,700,000$6,700,000$6,700,000
75$7,388,769$7,033,669$6,929,819$7,793,969
76$8,083,201$7,319,096$7,102,745$8,353,081
77$8,846,599$7,616,643$7,279,599$8,955,320
78$9,685,939$7,926,846$7,460,452$9,610,152
79$10,608,907$8,250,264$7,645,380$10,322,611
80$11,623,971$8,587,482$7,834,455$11,098,231
81$12,740,459$8,939,112$8,027,753$11,943,098
82$13,968,650$9,305,793$8,225,347$12,863,904
83$15,319,870$9,688,194$8,427,314$13,868,007
84$16,806,597$10,087,015$8,633,728$14,963,503
85$18,442,578$10,502,988$8,844,667$16,159,296
86$20,242,964$10,936,877$9,060,206$17,465,181
87$22,224,445$11,389,483$9,280,422$18,891,936
88$24,405,413$11,861,642$9,505,391$20,451,420
89$26,806,134$12,354,231$9,735,190$22,156,680
90$29,448,936$12,868,165$9,969,895$24,022,078
91$32,358,424$13,404,401$10,209,583$26,063,417
92$35,561,709$13,963,943$10,454,330$28,298,090
93$39,088,665$14,547,838$10,704,212$30,745,246
94$42,972,210$15,157,183$10,959,304$33,425,958
95$47,248,616$15,793,126$11,219,681$36,363,428
96$51,957,853$16,456,867$11,485,419$39,583,197
97$57,143,963$17,149,663$11,756,589$43,113,386
98$62,855,478$17,872,827$12,033,266$46,984,954
99$69,145,877$18,627,736$12,315,521$51,231,993
100$76,074,090$19,415,828$12,603,424$55,892,037