Can I retire at age 75 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$611,085$605,642$600,331$595,148$590,086$578,409
2 years$302,517$296,883$291,423$286,129$280,994$269,278
3 years$199,675$194,016$188,570$183,325$178,274$166,885
4 years$148,264$142,623$137,231$132,076$127,146$116,173
5 years$117,425$111,818$106,497$101,447$96,655$86,127
6 years$96,873$91,308$86,065$81,128$76,480$66,410
7 years$82,198$76,680$71,520$66,700$62,198$52,589
8 years$71,197$65,729$60,655$55,953$51,600$42,447
9 years$62,646$57,229$52,242$47,659$43,454$34,753
10 years$55,808$50,444$45,546$41,083$37,025$28,767
11 years$50,218$44,908$40,098$35,754$31,843$24,018
12 years$45,562$40,307$35,586$31,361$27,594$20,191
13 years$41,626$36,426$31,794$27,687$24,063$17,069
14 years$38,255$33,110$28,567$24,578$21,093$14,496
15 years$35,336$30,246$25,792$21,919$18,572$12,357
16 years$32,785$27,751$23,384$19,626$16,414$10,568
17 years$30,536$25,557$21,279$17,634$14,554$9,061
18 years$28,539$23,616$19,425$15,892$12,941$7,787
19 years$26,754$21,887$17,782$14,360$11,534$6,704
20 years$25,150$20,339$16,320$13,005$10,303$5,782
21 years$23,701$18,945$15,011$11,803$9,220$4,993
22 years$22,385$17,684$13,835$10,732$8,264$4,317
23 years$21,185$16,540$12,774$9,774$7,418$3,736
24 years$20,087$15,496$11,814$8,914$6,668$3,236
25 years$19,078$14,543$10,942$8,141$6,000$2,805
26 years$18,149$13,668$10,148$7,444$5,405$2,433
27 years$17,289$12,863$9,423$6,813$4,873$2,112
28 years$16,493$12,121$8,760$6,242$4,397$1,834
29 years$15,753$11,434$8,152$5,724$3,970$1,593
30 years$15,063$10,799$7,594$5,254$3,587$1,384
31 years$14,419$10,208$7,079$4,825$3,243$1,203
32 years$13,817$9,659$6,605$4,434$2,934$1,046
33 years$13,252$9,147$6,167$4,078$2,655$910
34 years$12,722$8,670$5,762$3,752$2,404$792
35 years$12,223$8,223$5,387$3,454$2,177$689
36 years$11,753$7,805$5,040$3,181$1,973$599
37 years$11,309$7,413$4,717$2,931$1,788$522
38 years$10,890$7,045$4,417$2,701$1,621$454
39 years$10,493$6,699$4,139$2,491$1,470$395
40 years$10,117$6,373$3,879$2,297$1,333$344
41 years$9,760$6,067$3,637$2,120$1,210$299
42 years$9,421$5,778$3,412$1,956$1,098$261
43 years$9,099$5,505$3,202$1,806$996$227
44 years$8,792$5,248$3,005$1,667$904$198
45 years$8,500$5,004$2,822$1,540$821$172
46 years$8,221$4,774$2,650$1,422$745$150
47 years$7,955$4,556$2,490$1,314$677$131
48 years$7,701$4,349$2,340$1,214$615$114
49 years$7,458$4,153$2,199$1,122$558$99
50 years$7,225$3,967$2,068$1,037$507$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $7,400,000, adding $6,993 every year, while hoping to spend $37,937 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: 33/41/26 Blend
74$7,400,000$7,400,000$7,400,000$7,400,000
75$8,162,013$7,769,813$7,655,113$8,366,472
76$8,954,174$8,110,169$7,871,195$8,861,968
77$9,825,864$8,465,932$8,093,244$9,391,722
78$10,785,154$8,837,815$8,321,420$9,961,916
79$11,840,939$9,226,567$8,555,887$10,576,149
80$13,003,019$9,632,973$8,796,813$11,238,369
81$14,282,191$10,057,853$9,044,371$11,952,901
82$15,690,355$10,502,067$9,298,737$12,724,489
83$17,240,619$10,966,517$9,560,093$13,558,338
84$18,947,431$11,452,145$9,828,624$14,460,156
85$20,826,708$11,959,939$10,104,522$15,436,210
86$22,895,990$12,490,934$10,387,982$16,493,374
87$25,174,605$13,046,214$10,679,203$17,639,198
88$27,683,850$13,626,914$10,978,393$18,881,970
89$30,447,194$14,234,224$11,285,760$20,230,794
90$33,490,496$14,869,389$11,601,521$21,695,666
91$36,842,252$15,533,715$11,925,897$23,287,571
92$40,533,862$16,228,567$12,259,115$25,018,577
93$44,599,929$16,955,379$12,601,408$26,901,945
94$49,078,579$17,715,651$12,953,013$28,952,251
95$54,011,830$18,510,954$13,314,175$31,185,515
96$59,445,981$19,342,934$13,685,144$33,619,351
97$65,432,051$20,213,318$14,066,176$36,273,123
98$72,026,261$21,123,911$14,457,533$39,168,125
99$79,290,565$22,076,608$14,859,486$42,327,773
100$87,293,233$23,073,392$15,272,309$45,777,822