Can I retire at age 75 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$578,053$572,904$567,881$562,978$558,190$555,838
2 years$286,165$280,836$275,670$270,662$265,805$263,430
3 years$188,882$183,529$178,377$173,416$168,637$166,314
4 years$140,249$134,913$129,813$124,936$120,274$118,019
5 years$111,078$105,774$100,740$95,963$91,430$89,251
6 years$91,636$86,372$81,413$76,743$72,346$70,245
7 years$77,755$72,535$67,655$63,094$58,836$56,815
8 years$67,349$62,176$57,376$52,928$48,810$46,869
9 years$59,259$54,135$49,418$45,083$41,105$39,243
10 years$52,792$47,718$43,084$38,862$35,024$33,240
11 years$47,503$42,480$37,930$33,822$30,122$28,415
12 years$43,099$38,128$33,662$29,666$26,103$24,472
13 years$39,376$34,457$30,075$26,191$22,762$21,206
14 years$36,187$31,320$27,023$23,249$19,953$18,469
15 years$33,426$28,611$24,398$20,734$17,568$16,156
16 years$31,013$26,250$22,120$18,565$15,527$14,183
17 years$28,885$24,176$20,128$16,681$13,767$12,491
18 years$26,996$22,339$18,375$15,033$12,241$11,029
19 years$25,308$20,704$16,821$13,583$10,911$9,762
20 years$23,791$19,239$15,438$12,302$9,746$8,658
21 years$22,420$17,921$14,200$11,165$8,721$7,692
22 years$21,175$16,728$13,087$10,152$7,817$6,844
23 years$20,040$15,645$12,084$9,245$7,017$6,098
24 years$19,001$14,659$11,175$8,432$6,307$5,440
25 years$18,047$13,757$10,351$7,701$5,676$4,858
26 years$17,168$12,929$9,600$7,041$5,112$4,343
27 years$16,355$12,168$8,914$6,445$4,609$3,885
28 years$15,601$11,466$8,287$5,905$4,159$3,478
29 years$14,901$10,816$7,712$5,415$3,756$3,116
30 years$14,249$10,215$7,183$4,970$3,393$2,793
31 years$13,640$9,657$6,697$4,564$3,068$2,505
32 years$13,070$9,137$6,248$4,195$2,775$2,247
33 years$12,536$8,653$5,834$3,857$2,512$2,017
34 years$12,034$8,201$5,451$3,549$2,274$1,812
35 years$11,562$7,779$5,096$3,267$2,060$1,627
36 years$11,118$7,383$4,767$3,009$1,866$1,462
37 years$10,698$7,012$4,462$2,772$1,691$1,314
38 years$10,301$6,664$4,179$2,555$1,533$1,181
39 years$9,926$6,337$3,915$2,356$1,390$1,062
40 years$9,570$6,029$3,669$2,173$1,261$955
41 years$9,233$5,739$3,441$2,005$1,144$859
42 years$8,912$5,466$3,228$1,850$1,038$773
43 years$8,607$5,208$3,029$1,708$942$696
44 years$8,317$4,964$2,843$1,577$855$626
45 years$8,041$4,734$2,669$1,457$776$563
46 years$7,777$4,516$2,507$1,345$705$507
47 years$7,525$4,309$2,355$1,243$640$456
48 years$7,285$4,114$2,213$1,149$581$411
49 years$7,055$3,928$2,080$1,062$528$370
50 years$6,834$3,753$1,956$981$480$333

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $7,000,000, adding $6,653 every year, while hoping to spend $55,506 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: 57/15/28 Blend
74$7,000,000$7,000,000$7,000,000$7,000,000
75$7,720,863$7,349,863$7,241,363$8,101,275
76$8,449,333$7,650,948$7,424,890$8,664,277
77$9,250,246$7,964,926$7,612,706$9,271,257
78$10,130,934$8,292,370$7,804,894$9,931,734
79$11,099,473$8,633,880$8,001,542$10,650,903
80$12,164,761$8,990,082$8,202,735$11,434,475
81$13,336,602$9,361,631$8,408,562$12,288,739
82$14,625,799$9,749,214$8,619,112$13,220,613
83$16,044,253$10,153,548$8,834,475$14,237,712
84$17,605,078$10,575,383$9,054,741$15,348,418
85$19,322,722$11,015,504$9,280,002$16,561,957
86$21,213,108$11,474,731$9,510,349$17,888,485
87$23,293,775$11,953,924$9,745,877$19,339,183
88$25,584,055$12,453,980$9,986,678$20,926,362
89$28,105,243$12,975,841$10,232,847$22,663,575
90$30,880,809$13,520,488$10,484,478$24,565,744
91$33,936,611$14,088,951$10,741,667$26,649,303
92$37,301,142$14,682,306$11,004,510$28,932,348
93$41,005,799$15,301,680$11,273,102$31,434,804
94$45,085,180$15,948,252$11,547,540$34,178,617
95$49,577,407$16,623,254$11,827,921$37,187,956
96$54,524,487$17,327,978$12,114,341$40,489,439
97$59,972,710$18,063,775$12,406,897$44,112,382
98$65,973,084$18,832,057$12,705,685$48,089,076
99$72,581,815$19,634,305$13,010,803$52,455,089
100$79,860,841$20,472,066$13,322,345$57,249,596