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%11%
1 years$611,085$605,642$600,331$595,148$590,086$587,600
2 years$302,517$296,883$291,423$286,129$280,994$278,483
3 years$199,675$194,016$188,570$183,325$178,274$175,818
4 years$148,264$142,623$137,231$132,076$127,146$124,763
5 years$117,425$111,818$106,497$101,447$96,655$94,351
6 years$96,873$91,308$86,065$81,128$76,480$74,259
7 years$82,198$76,680$71,520$66,700$62,198$60,062
8 years$71,197$65,729$60,655$55,953$51,600$49,547
9 years$62,646$57,229$52,242$47,659$43,454$41,486
10 years$55,808$50,444$45,546$41,083$37,025$35,139
11 years$50,218$44,908$40,098$35,754$31,843$30,039
12 years$45,562$40,307$35,586$31,361$27,594$25,870
13 years$41,626$36,426$31,794$27,687$24,063$22,418
14 years$38,255$33,110$28,567$24,578$21,093$19,525
15 years$35,336$30,246$25,792$21,919$18,572$17,079
16 years$32,785$27,751$23,384$19,626$16,414$14,994
17 years$30,536$25,557$21,279$17,634$14,554$13,204
18 years$28,539$23,616$19,425$15,892$12,941$11,660
19 years$26,754$21,887$17,782$14,360$11,534$10,320
20 years$25,150$20,339$16,320$13,005$10,303$9,152
21 years$23,701$18,945$15,011$11,803$9,220$8,131
22 years$22,385$17,684$13,835$10,732$8,264$7,235
23 years$21,185$16,540$12,774$9,774$7,418$6,447
24 years$20,087$15,496$11,814$8,914$6,668$5,751
25 years$19,078$14,543$10,942$8,141$6,000$5,136
26 years$18,149$13,668$10,148$7,444$5,405$4,591
27 years$17,289$12,863$9,423$6,813$4,873$4,107
28 years$16,493$12,121$8,760$6,242$4,397$3,677
29 years$15,753$11,434$8,152$5,724$3,970$3,294
30 years$15,063$10,799$7,594$5,254$3,587$2,952
31 years$14,419$10,208$7,079$4,825$3,243$2,648
32 years$13,817$9,659$6,605$4,434$2,934$2,376
33 years$13,252$9,147$6,167$4,078$2,655$2,133
34 years$12,722$8,670$5,762$3,752$2,404$1,915
35 years$12,223$8,223$5,387$3,454$2,177$1,720
36 years$11,753$7,805$5,040$3,181$1,973$1,546
37 years$11,309$7,413$4,717$2,931$1,788$1,389
38 years$10,890$7,045$4,417$2,701$1,621$1,249
39 years$10,493$6,699$4,139$2,491$1,470$1,123
40 years$10,117$6,373$3,879$2,297$1,333$1,010
41 years$9,760$6,067$3,637$2,120$1,210$908
42 years$9,421$5,778$3,412$1,956$1,098$817
43 years$9,099$5,505$3,202$1,806$996$735
44 years$8,792$5,248$3,005$1,667$904$662
45 years$8,500$5,004$2,822$1,540$821$596
46 years$8,221$4,774$2,650$1,422$745$536
47 years$7,955$4,556$2,490$1,314$677$483
48 years$7,701$4,349$2,340$1,214$615$434
49 years$7,458$4,153$2,199$1,122$558$391
50 years$7,225$3,967$2,068$1,037$507$352

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 $2,488 every year, while hoping to spend $44,839 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: 89/6/5 Blend
74$7,400,000$7,400,000$7,400,000$7,400,000
75$8,157,366$7,765,166$7,650,466$8,884,414
76$8,941,709$8,097,951$7,859,049$9,690,202
77$9,804,553$8,445,540$8,073,116$10,569,544
78$10,753,856$8,808,610$8,292,804$11,534,953
79$11,798,389$9,187,871$8,518,252$12,595,084
80$12,947,815$9,584,067$8,749,604$13,759,467
81$14,212,781$9,997,976$8,987,005$15,038,602
82$15,605,019$10,430,411$9,230,604$16,444,054
83$17,137,454$10,882,225$9,480,553$17,988,562
84$18,824,332$11,354,311$9,737,008$19,686,161
85$20,681,344$11,847,603$10,000,129$21,552,310
86$22,725,785$12,363,079$10,270,077$23,604,040
87$24,976,710$12,901,765$10,547,020$25,860,114
88$27,455,116$13,464,732$10,831,126$28,341,200
89$30,184,138$14,053,105$11,122,569$31,070,071
90$33,189,272$14,668,059$11,421,527$34,071,815
91$36,498,609$15,310,825$11,728,180$37,374,070
92$40,143,106$15,982,694$12,042,712$41,007,289
93$44,156,873$16,685,016$12,365,313$45,005,021
94$48,577,498$17,419,206$12,696,175$49,404,232
95$53,446,401$18,186,745$13,035,495$54,245,648
96$58,809,222$18,989,184$13,383,473$59,574,142
97$64,716,257$19,828,149$13,740,313$65,439,154
98$71,222,927$20,705,340$14,106,226$71,895,160
99$78,390,305$21,622,540$14,481,423$79,002,181
100$86,285,687$22,581,616$14,866,122$86,826,351