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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.7%
1 years$586,311$581,089$575,993$571,020$566,164$562,125
2 years$290,253$284,847$279,608$274,529$269,602$265,529
3 years$191,580$186,151$180,925$175,893$171,047$167,066
4 years$142,253$136,841$131,667$126,721$121,992$118,134
5 years$112,665$107,285$102,179$97,334$92,736$89,013
6 years$92,945$87,606$82,576$77,839$73,379$69,795
7 years$78,866$73,571$68,621$63,996$59,677$56,233
8 years$68,311$63,064$58,196$53,684$49,508$46,205
9 years$60,106$54,909$50,124$45,727$41,693$38,530
10 years$53,546$48,399$43,699$39,417$35,524$32,500
11 years$48,182$43,087$38,472$34,305$30,552$27,664
12 years$43,715$38,673$34,143$30,090$26,476$23,721
13 years$39,939$34,949$30,505$26,565$23,087$20,463
14 years$36,704$31,768$27,409$23,581$20,238$17,742
15 years$33,904$29,020$24,746$21,030$17,819$15,447
16 years$31,456$26,625$22,436$18,830$15,749$13,497
17 years$29,298$24,521$20,416$16,919$13,964$11,829
18 years$27,382$22,659$18,637$15,247$12,416$10,394
19 years$25,670$21,000$17,061$13,777$11,067$9,154
20 years$24,131$19,514$15,658$12,478$9,885$8,077
21 years$22,740$18,177$14,402$11,325$8,846$7,139
22 years$21,477$16,967$13,274$10,297$7,929$6,320
23 years$20,326$15,869$12,256$9,377$7,118$5,601
24 years$19,273$14,868$11,335$8,553$6,398$4,970
25 years$18,305$13,953$10,498$7,811$5,757$4,415
26 years$17,413$13,114$9,737$7,142$5,186$3,925
27 years$16,589$12,341$9,041$6,537$4,675$3,492
28 years$15,824$11,629$8,405$5,989$4,218$3,109
29 years$15,114$10,971$7,822$5,492$3,809$2,769
30 years$14,453$10,361$7,286$5,041$3,442$2,468
31 years$13,835$9,794$6,792$4,629$3,112$2,201
32 years$13,257$9,268$6,337$4,255$2,815$1,964
33 years$12,715$8,777$5,917$3,912$2,547$1,753
34 years$12,206$8,318$5,529$3,600$2,306$1,565
35 years$11,728$7,890$5,169$3,314$2,089$1,397
36 years$11,276$7,488$4,835$3,052$1,893$1,248
37 years$10,851$7,112$4,526$2,812$1,715$1,115
38 years$10,448$6,759$4,238$2,592$1,555$997
39 years$10,068$6,427$3,971$2,390$1,410$891
40 years$9,707$6,115$3,722$2,204$1,279$796
41 years$9,364$5,821$3,490$2,034$1,161$712
42 years$9,039$5,544$3,274$1,877$1,053$637
43 years$8,730$5,282$3,072$1,733$956$569
44 years$8,436$5,035$2,883$1,600$867$509
45 years$8,155$4,801$2,707$1,477$788$456
46 years$7,888$4,580$2,543$1,365$715$408
47 years$7,633$4,371$2,389$1,261$649$365
48 years$7,389$4,173$2,245$1,165$590$326
49 years$7,155$3,985$2,110$1,077$536$292
50 years$6,932$3,806$1,984$995$486$261

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 $6,065 every year, while hoping to spend $30,233 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: 37/49/14 Blend
74$7,100,000$7,100,000$7,100,000$7,100,000
75$7,830,456$7,454,156$7,344,106$8,086,504
76$8,596,995$7,787,242$7,557,966$8,603,758
77$9,440,707$8,135,636$7,777,977$9,158,752
78$10,369,433$8,500,056$8,004,313$9,757,565
79$11,391,811$8,881,254$8,237,153$10,404,130
80$12,517,360$9,280,019$8,476,681$11,102,762
81$13,756,567$9,697,177$8,723,087$11,858,188
82$15,120,990$10,133,592$8,976,563$12,675,593
83$16,623,364$10,590,171$9,237,311$13,560,666
84$18,277,721$11,067,863$9,505,535$14,519,645
85$20,099,523$11,567,663$9,781,445$15,559,377
86$22,105,810$12,090,614$10,065,259$16,687,376
87$24,315,357$12,637,808$10,357,199$17,911,893
88$26,748,852$13,210,390$10,657,494$19,241,983
89$29,429,093$13,809,557$10,966,379$20,687,593
90$32,381,203$14,436,567$11,284,094$22,259,647
91$35,632,863$15,092,737$11,610,889$23,970,144
92$39,214,580$15,779,445$11,947,018$25,832,270
93$43,159,967$16,498,138$12,292,744$27,860,511
94$47,506,066$17,250,330$12,648,334$30,070,788
95$52,293,698$18,037,609$13,014,065$32,480,601
96$57,567,841$18,861,637$13,390,222$35,109,187
97$63,378,062$19,724,159$13,777,096$37,977,693
98$69,778,982$20,627,001$14,174,987$41,109,375
99$76,830,792$21,572,078$14,584,203$44,529,801
100$84,599,818$22,561,395$15,005,059$48,267,094