Can I retire at age 75 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$602,827$597,458$592,219$587,105$582,112$568,733
2 years$298,429$292,871$287,485$282,262$277,196$263,791
3 years$196,977$191,395$186,022$180,848$175,865$162,852
4 years$146,260$140,695$135,376$130,291$125,428$112,908
5 years$115,838$110,307$105,057$100,076$95,349$83,356
6 years$95,564$90,074$84,902$80,031$75,446$63,994
7 years$81,087$75,644$70,554$65,798$61,358$50,448
8 years$70,235$64,841$59,835$55,197$50,902$40,530
9 years$61,799$56,456$51,536$47,015$42,867$33,025
10 years$55,054$49,763$44,930$40,528$36,525$27,202
11 years$49,539$44,301$39,556$35,271$31,413$22,596
12 years$44,947$39,762$35,105$30,938$27,221$18,897
13 years$41,064$35,933$31,364$27,313$23,738$15,890
14 years$37,738$32,662$28,181$24,246$20,808$13,422
15 years$34,859$29,838$25,443$21,623$18,321$11,378
16 years$32,342$27,376$23,068$19,361$16,192$9,675
17 years$30,123$25,212$20,991$17,396$14,357$8,248
18 years$28,153$23,297$19,162$15,677$12,766$7,047
19 years$26,393$21,591$17,542$14,165$11,378$6,031
20 years$24,810$20,064$16,099$12,830$10,163$5,170
21 years$23,381$18,689$14,808$11,644$9,095$4,437
22 years$22,082$17,445$13,648$10,587$8,153$3,813
23 years$20,899$16,316$12,602$9,642$7,318$3,279
24 years$19,816$15,287$11,654$8,794$6,578$2,823
25 years$18,821$14,346$10,794$8,031$5,919$2,431
26 years$17,904$13,483$10,011$7,343$5,332$2,095
27 years$17,056$12,689$9,296$6,721$4,807$1,807
28 years$16,270$11,957$8,642$6,158$4,337$1,559
29 years$15,540$11,280$8,042$5,647$3,916$1,345
30 years$14,860$10,653$7,491$5,183$3,539$1,161
31 years$14,225$10,070$6,984$4,760$3,199$1,003
32 years$13,630$9,529$6,516$4,374$2,894$866
33 years$13,073$9,024$6,084$4,023$2,619$748
34 years$12,550$8,552$5,684$3,701$2,371$647
35 years$12,058$8,112$5,314$3,407$2,148$559
36 years$11,594$7,699$4,972$3,138$1,946$483
37 years$11,156$7,313$4,653$2,891$1,764$417
38 years$10,743$6,950$4,358$2,665$1,599$361
39 years$10,351$6,608$4,083$2,457$1,450$312
40 years$9,980$6,287$3,827$2,266$1,315$270
41 years$9,628$5,985$3,588$2,091$1,193$233
42 years$9,294$5,700$3,366$1,930$1,083$202
43 years$8,976$5,431$3,158$1,781$983$174
44 years$8,673$5,177$2,965$1,645$892$151
45 years$8,385$4,936$2,784$1,519$810$130
46 years$8,110$4,709$2,615$1,403$735$113
47 years$7,848$4,494$2,456$1,296$668$98
48 years$7,597$4,290$2,308$1,198$606$84
49 years$7,357$4,097$2,170$1,107$551$73
50 years$7,127$3,913$2,040$1,023$500$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $7,300,000, adding $4,403 every year, while hoping to spend $50,010 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: 28/50/22 Blend
74$7,300,000$7,300,000$7,300,000$7,300,000
75$8,049,142$7,662,242$7,549,092$8,218,651
76$8,816,944$7,984,481$7,748,776$8,673,471
77$9,661,386$8,320,834$7,953,474$9,157,093
78$10,590,232$8,671,940$8,163,300$9,675,665
79$11,612,037$9,038,466$8,378,372$10,232,205
80$12,736,226$9,421,113$8,598,809$10,830,015
81$13,973,186$9,820,612$8,824,733$11,472,712
82$15,334,358$10,237,729$9,056,269$12,164,255
83$16,832,350$10,673,266$9,293,542$12,908,986
84$18,481,055$11,128,061$9,536,681$13,711,659
85$20,295,780$11,602,994$9,785,817$14,577,488
86$22,293,392$12,098,982$10,041,084$15,512,191
87$24,492,474$12,616,988$10,302,616$16,522,036
88$26,913,504$13,158,019$10,570,552$17,613,903
89$29,579,048$13,723,128$10,845,032$18,795,339
90$32,513,969$14,313,420$11,126,199$20,074,627
91$35,745,665$14,930,048$11,414,197$21,460,859
92$39,304,325$15,574,222$11,709,174$22,964,018
93$43,223,214$16,247,208$12,011,280$24,595,068
94$47,538,991$16,950,330$12,320,667$26,366,048
95$52,292,048$17,684,975$12,637,489$28,290,186
96$57,526,895$18,452,597$12,961,903$30,382,013
97$63,292,580$19,254,716$13,294,068$32,657,497
98$69,643,149$20,092,924$13,634,146$35,134,186
99$76,638,161$20,968,888$13,982,301$37,831,370
100$84,343,243$21,884,353$14,338,698$40,770,253