Can I retire at age 75 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$561,538$556,536$551,656$546,893$542,242$531,728
2 years$277,989$272,812$267,794$262,929$258,210$247,661
3 years$183,485$178,285$173,280$168,461$163,819$153,563
4 years$136,242$131,059$126,104$121,367$116,837$106,953
5 years$107,904$102,752$97,862$93,221$88,818$79,334
6 years$89,018$83,904$79,087$74,550$70,279$61,205
7 years$75,534$70,463$65,722$61,292$57,155$48,494
8 years$65,425$60,400$55,737$51,416$47,416$39,165
9 years$57,566$52,589$48,006$43,795$39,931$32,085
10 years$51,283$46,354$41,853$37,752$34,023$26,575
11 years$46,146$41,267$36,847$32,855$29,261$22,202
12 years$41,868$37,039$32,701$28,819$25,357$18,677
13 years$38,251$33,472$29,216$25,442$22,112$15,799
14 years$35,153$30,425$26,250$22,585$19,383$13,427
15 years$32,471$27,794$23,701$20,142$17,066$11,454
16 years$30,127$25,500$21,488$18,035$15,083$9,802
17 years$28,060$23,485$19,553$16,204$13,374$8,410
18 years$26,225$21,701$17,850$14,603$11,891$7,233
19 years$24,585$20,112$16,341$13,195$10,599$6,232
20 years$23,111$18,689$14,997$11,951$9,467$5,378
21 years$21,779$17,408$13,794$10,846$8,472$4,648
22 years$20,570$16,250$12,713$9,862$7,594$4,022
23 years$19,467$15,198$11,738$8,981$6,817$3,483
24 years$18,458$14,240$10,856$8,191$6,127$3,020
25 years$17,531$13,364$10,055$7,481$5,514$2,620
26 years$16,677$12,560$9,325$6,840$4,966$2,274
27 years$15,888$11,820$8,659$6,261$4,478$1,975
28 years$15,156$11,138$8,050$5,736$4,040$1,717
29 years$14,476$10,507$7,491$5,260$3,648$1,492
30 years$13,842$9,923$6,978$4,828$3,296$1,298
31 years$13,250$9,381$6,505$4,434$2,980$1,129
32 years$12,697$8,876$6,070$4,075$2,696$983
33 years$12,178$8,406$5,667$3,747$2,440$855
34 years$11,690$7,967$5,295$3,448$2,209$745
35 years$11,232$7,556$4,950$3,174$2,001$648
36 years$10,800$7,172$4,631$2,923$1,813$565
37 years$10,392$6,812$4,335$2,693$1,643$492
38 years$10,007$6,474$4,059$2,482$1,489$429
39 years$9,642$6,156$3,803$2,289$1,351$373
40 years$9,297$5,857$3,565$2,111$1,225$325
41 years$8,969$5,575$3,342$1,948$1,111$283
42 years$8,657$5,309$3,135$1,798$1,009$247
43 years$8,361$5,059$2,942$1,659$915$215
44 years$8,079$4,822$2,762$1,532$831$188
45 years$7,811$4,598$2,593$1,415$754$164
46 years$7,555$4,387$2,435$1,307$685$143
47 years$7,310$4,186$2,288$1,208$622$124
48 years$7,076$3,996$2,150$1,116$565$108
49 years$6,853$3,816$2,021$1,031$513$94
50 years$6,639$3,645$1,900$953$466$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $6,800,000, adding $6,046 every year, while hoping to spend $50,720 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: 35/50/15 Blend
74$6,800,000$6,800,000$6,800,000$6,800,000
75$7,499,836$7,139,436$7,034,036$7,727,366
76$8,210,854$7,435,303$7,215,711$8,188,878
77$8,992,696$7,743,967$7,401,772$8,681,284
78$9,852,531$8,066,003$7,592,312$9,211,483
79$10,798,262$8,402,009$7,787,427$9,782,852
80$11,838,591$8,752,614$7,987,212$10,399,093
81$12,983,110$9,118,474$8,191,766$11,064,264
82$14,242,384$9,500,277$8,401,187$11,782,816
83$15,628,056$9,898,740$8,615,576$12,559,633
84$17,152,956$10,314,615$8,835,035$13,400,073
85$18,831,216$10,748,690$9,059,668$14,310,016
86$20,678,411$11,201,787$9,289,578$15,295,917
87$22,711,703$11,674,768$9,524,872$16,364,864
88$24,949,999$12,168,534$9,765,658$17,524,639
89$27,414,135$12,684,029$10,012,044$18,783,790
90$30,127,068$13,222,238$10,264,139$20,151,706
91$33,114,097$13,784,195$10,522,055$21,638,704
92$36,403,096$14,370,982$10,785,905$23,256,120
93$40,024,780$14,983,729$11,055,802$25,016,413
94$44,012,996$15,623,620$11,331,860$26,933,274
95$48,405,040$16,291,895$11,614,195$29,021,759
96$53,242,007$16,989,852$11,902,924$31,298,415
97$58,569,185$17,718,847$12,198,164$33,781,441
98$64,436,474$18,480,303$12,500,035$36,490,848
99$70,898,863$19,275,706$12,808,655$39,448,644
100$78,016,947$20,106,616$13,124,145$42,679,036