Can I retire at age 75 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$594,569$589,273$584,106$579,063$574,138$551,358
2 years$294,341$288,859$283,547$278,396$273,399$250,731
3 years$194,278$188,773$183,473$178,371$173,456$151,614
4 years$144,257$138,768$133,522$128,506$123,710$102,860
5 years$114,251$108,796$103,618$98,705$94,042$74,237
6 years$94,255$88,840$83,739$78,935$74,413$55,665
7 years$79,977$74,608$69,587$64,897$60,517$42,821
8 years$69,273$63,953$59,016$54,440$50,205$33,541
9 years$60,953$55,682$50,830$46,371$42,280$26,623
10 years$54,300$49,081$44,315$39,972$36,025$21,345
11 years$48,860$43,694$39,014$34,788$30,982$17,246
12 years$44,331$39,217$34,624$30,514$26,849$14,018
13 years$40,501$35,441$30,934$26,939$23,413$11,448
14 years$37,221$32,215$27,795$23,913$20,523$9,386
15 years$34,381$29,429$25,095$21,327$18,070$7,718
16 years$31,899$27,000$22,752$19,096$15,971$6,363
17 years$29,711$24,866$20,704$17,157$14,161$5,256
18 years$27,768$22,978$18,900$15,462$12,591$4,349
19 years$26,031$21,296$17,302$13,971$11,223$3,604
20 years$24,471$19,789$15,879$12,654$10,024$2,989
21 years$23,060$18,433$14,605$11,484$8,971$2,482
22 years$21,780$17,206$13,461$10,442$8,041$2,062
23 years$20,613$16,092$12,429$9,509$7,218$1,715
24 years$19,544$15,078$11,495$8,673$6,488$1,426
25 years$18,563$14,150$10,646$7,921$5,838$1,187
26 years$17,658$13,298$9,874$7,242$5,259$988
27 years$16,822$12,515$9,169$6,629$4,741$823
28 years$16,047$11,793$8,524$6,074$4,278$686
29 years$15,327$11,125$7,932$5,570$3,863$571
30 years$14,656$10,507$7,388$5,112$3,490$476
31 years$14,030$9,932$6,888$4,695$3,156$397
32 years$13,444$9,398$6,427$4,314$2,854$331
33 years$12,894$8,900$6,000$3,968$2,583$276
34 years$12,378$8,435$5,606$3,650$2,339$230
35 years$11,893$8,001$5,242$3,360$2,118$192
36 years$11,435$7,594$4,903$3,095$1,919$160
37 years$11,004$7,212$4,590$2,852$1,740$133
38 years$10,596$6,854$4,298$2,628$1,577$111
39 years$10,209$6,518$4,027$2,423$1,430$93
40 years$9,844$6,201$3,774$2,235$1,297$77
41 years$9,496$5,903$3,539$2,062$1,177$64
42 years$9,167$5,622$3,320$1,903$1,068$54
43 years$8,853$5,356$3,115$1,757$969$45
44 years$8,555$5,106$2,924$1,622$880$37
45 years$8,270$4,869$2,746$1,498$799$31
46 years$7,999$4,645$2,579$1,384$725$26
47 years$7,740$4,432$2,423$1,279$658$22
48 years$7,493$4,231$2,277$1,181$598$18
49 years$7,256$4,041$2,140$1,092$543$15
50 years$7,030$3,860$2,012$1,009$493$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $7,200,000, adding $3,600 every year, while hoping to spend $44,181 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: 69/25/6 Blend
74$7,200,000$7,200,000$7,200,000$7,200,000
75$7,938,113$7,556,513$7,444,913$8,479,023
76$8,700,793$7,879,774$7,647,310$9,160,568
77$9,539,785$8,217,394$7,855,006$9,900,066
78$10,462,826$8,570,030$8,068,132$10,707,752
79$11,478,443$8,938,370$8,286,822$11,590,298
80$12,596,027$9,323,133$8,511,214$12,555,043
81$13,825,928$9,725,073$8,741,446$13,610,063
82$15,179,550$10,144,979$8,977,662$14,764,244
83$16,669,458$10,583,677$9,220,008$16,027,368
84$18,309,497$11,042,031$9,468,632$17,410,197
85$20,114,922$11,520,947$9,723,687$18,924,578
86$22,102,543$12,021,372$9,985,330$20,583,552
87$24,290,881$12,544,299$10,253,718$22,401,472
88$26,700,348$13,090,766$10,529,014$24,394,141
89$29,353,432$13,661,862$10,811,384$26,578,954
90$32,274,914$14,258,726$11,100,998$28,975,065
91$35,492,102$14,882,550$11,398,028$31,603,561
92$39,035,085$15,534,583$11,702,651$34,487,659
93$42,937,020$16,216,134$12,015,046$37,652,927
94$47,234,444$16,928,572$12,335,397$41,127,516
95$51,967,617$17,673,332$12,663,893$44,942,428
96$57,180,904$18,451,916$13,000,724$49,131,804
97$62,923,194$19,265,897$13,346,085$53,733,242
98$69,248,356$20,116,923$13,700,176$58,788,148
99$76,215,756$21,006,719$14,063,199$64,342,128
100$83,890,809$21,937,094$14,435,362$70,445,408