Can I retire at age 75 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$586,311$581,089$575,993$571,020$566,164$558,626
2 years$290,253$284,847$279,608$274,529$269,602$262,020
3 years$191,580$186,151$180,925$175,893$171,047$163,656
4 years$142,253$136,841$131,667$126,721$121,992$114,849
5 years$112,665$107,285$102,179$97,334$92,736$85,863
6 years$92,945$87,606$82,576$77,839$73,379$66,783
7 years$78,866$73,571$68,621$63,996$59,677$53,360
8 years$68,311$63,064$58,196$53,684$49,508$43,470
9 years$60,106$54,909$50,124$45,727$41,693$35,931
10 years$53,546$48,399$43,699$39,417$35,524$30,035
11 years$48,182$43,087$38,472$34,305$30,552$25,329
12 years$43,715$38,673$34,143$30,090$26,476$21,514
13 years$39,939$34,949$30,505$26,565$23,087$18,380
14 years$36,704$31,768$27,409$23,581$20,238$15,778
15 years$33,904$29,020$24,746$21,030$17,819$13,599
16 years$31,456$26,625$22,436$18,830$15,749$11,760
17 years$29,298$24,521$20,416$16,919$13,964$10,199
18 years$27,382$22,659$18,637$15,247$12,416$8,867
19 years$25,670$21,000$17,061$13,777$11,067$7,725
20 years$24,131$19,514$15,658$12,478$9,885$6,742
21 years$22,740$18,177$14,402$11,325$8,846$5,893
22 years$21,477$16,967$13,274$10,297$7,929$5,157
23 years$20,326$15,869$12,256$9,377$7,118$4,519
24 years$19,273$14,868$11,335$8,553$6,398$3,964
25 years$18,305$13,953$10,498$7,811$5,757$3,480
26 years$17,413$13,114$9,737$7,142$5,186$3,057
27 years$16,589$12,341$9,041$6,537$4,675$2,688
28 years$15,824$11,629$8,405$5,989$4,218$2,364
29 years$15,114$10,971$7,822$5,492$3,809$2,081
30 years$14,453$10,361$7,286$5,041$3,442$1,832
31 years$13,835$9,794$6,792$4,629$3,112$1,614
32 years$13,257$9,268$6,337$4,255$2,815$1,422
33 years$12,715$8,777$5,917$3,912$2,547$1,253
34 years$12,206$8,318$5,529$3,600$2,306$1,105
35 years$11,728$7,890$5,169$3,314$2,089$974
36 years$11,276$7,488$4,835$3,052$1,893$860
37 years$10,851$7,112$4,526$2,812$1,715$758
38 years$10,448$6,759$4,238$2,592$1,555$669
39 years$10,068$6,427$3,971$2,390$1,410$590
40 years$9,707$6,115$3,722$2,204$1,279$521
41 years$9,364$5,821$3,490$2,034$1,161$460
42 years$9,039$5,544$3,274$1,877$1,053$406
43 years$8,730$5,282$3,072$1,733$956$358
44 years$8,436$5,035$2,883$1,600$867$316
45 years$8,155$4,801$2,707$1,477$788$279
46 years$7,888$4,580$2,543$1,365$715$247
47 years$7,633$4,371$2,389$1,261$649$218
48 years$7,389$4,173$2,245$1,165$590$192
49 years$7,155$3,985$2,110$1,077$536$170
50 years$6,932$3,806$1,984$995$486$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $7,100,000, adding $4,963 every year, while hoping to spend $33,885 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: 67/11/22 Blend
74$7,100,000$7,100,000$7,100,000$7,100,000
75$7,829,319$7,453,019$7,342,969$8,309,859
76$8,591,857$7,782,164$7,552,905$8,961,923
77$9,431,037$8,126,301$7,768,739$9,670,400
78$10,354,642$8,486,129$7,990,631$10,444,402
79$11,371,247$8,862,381$8,218,748$11,290,382
80$12,490,299$9,255,822$8,453,261$12,215,444
81$13,722,208$9,667,256$8,694,344$13,227,407
82$15,078,446$10,097,525$8,942,178$14,334,878
83$16,571,653$10,547,508$9,196,945$15,547,333
84$18,215,755$11,018,130$9,458,837$16,875,206
85$20,026,100$11,510,357$9,728,046$18,329,982
86$22,019,600$12,025,201$10,004,773$19,924,311
87$24,214,887$12,563,724$10,289,221$21,672,121
88$26,632,496$13,127,038$10,581,601$23,588,747
89$29,295,054$13,716,306$10,882,128$25,691,080
90$32,227,493$14,332,749$11,191,023$27,997,720
91$35,457,288$14,977,644$11,508,513$30,529,151
92$39,014,714$15,652,330$11,834,830$33,307,934
93$42,933,131$16,358,211$12,170,213$36,358,917
94$47,249,303$17,096,756$12,514,908$39,709,470
95$52,003,740$17,869,505$12,869,165$43,389,736
96$57,241,082$18,678,071$13,233,243$47,432,922
97$63,010,521$19,524,145$13,607,405$51,875,603
98$69,366,264$20,409,499$13,991,924$56,758,068
99$76,368,047$21,335,988$14,387,077$62,124,700
100$84,081,694$22,305,557$14,793,150$68,024,389