Can I retire at age 75 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$619,343$613,826$608,444$603,190$598,061$595,040
2 years$306,605$300,895$295,361$289,995$284,791$281,742
3 years$202,373$196,638$191,118$185,803$180,683$177,701
4 years$150,267$144,550$139,085$133,860$128,865$125,972
5 years$119,012$113,329$107,936$102,818$97,961$95,166
6 years$98,182$92,542$87,228$82,224$77,513$74,820
7 years$83,309$77,716$72,487$67,601$63,039$60,449
8 years$72,160$66,617$61,475$56,709$52,297$49,810
9 years$63,492$58,002$52,948$48,303$44,041$41,658
10 years$56,562$51,126$46,161$41,638$37,526$35,243
11 years$50,896$45,515$40,640$36,237$32,273$30,091
12 years$46,178$40,851$36,067$31,785$27,967$25,883
13 years$42,189$36,918$32,223$28,062$24,388$22,400
14 years$38,772$33,557$28,953$24,910$21,378$19,484
15 years$35,814$30,655$26,140$22,215$18,823$17,020
16 years$33,228$28,126$23,700$19,891$16,636$14,922
17 years$30,948$25,903$21,566$17,872$14,751$13,123
18 years$28,925$23,935$19,687$16,106$13,116$11,572
19 years$27,116$22,183$18,023$14,554$11,690$10,228
20 years$25,490$20,613$16,540$13,181$10,442$9,058
21 years$24,021$19,201$15,214$11,963$9,344$8,035
22 years$22,687$17,923$14,022$10,877$8,376$7,139
23 years$21,471$16,763$12,947$9,906$7,519$6,352
24 years$20,358$15,706$11,974$9,035$6,758$5,658
25 years$19,336$14,739$11,090$8,251$6,081$5,045
26 years$18,394$13,852$10,285$7,544$5,478$4,502
27 years$17,523$13,037$9,551$6,905$4,939$4,021
28 years$16,716$12,284$8,879$6,327$4,456$3,595
29 years$15,966$11,589$8,262$5,802$4,024$3,215
30 years$15,267$10,945$7,696$5,325$3,636$2,877
31 years$14,614$10,346$7,175$4,890$3,287$2,576
32 years$14,004$9,790$6,694$4,494$2,973$2,308
33 years$13,431$9,271$6,251$4,133$2,691$2,068
34 years$12,894$8,787$5,840$3,803$2,436$1,854
35 years$12,388$8,334$5,460$3,500$2,207$1,663
36 years$11,912$7,910$5,108$3,224$1,999$1,491
37 years$11,462$7,513$4,781$2,970$1,812$1,338
38 years$11,037$7,140$4,477$2,738$1,643$1,201
39 years$10,635$6,789$4,194$2,524$1,490$1,078
40 years$10,254$6,460$3,931$2,328$1,351$968
41 years$9,892$6,149$3,686$2,148$1,226$869
42 years$9,549$5,856$3,458$1,983$1,112$781
43 years$9,222$5,580$3,245$1,830$1,010$701
44 years$8,911$5,319$3,046$1,690$916$630
45 years$8,615$5,072$2,860$1,561$832$566
46 years$8,332$4,838$2,686$1,442$755$508
47 years$8,063$4,617$2,524$1,332$686$457
48 years$7,805$4,408$2,372$1,231$623$411
49 years$7,558$4,209$2,229$1,137$566$369
50 years$7,323$4,021$2,096$1,051$514$332

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $7,500,000, adding $6,324 every year, while hoping to spend $30,265 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: 70/9/21 Blend
74$7,500,000$7,500,000$7,500,000$7,500,000
75$8,271,523$7,874,023$7,757,773$8,807,207
76$9,083,017$8,227,649$7,985,457$9,519,203
77$9,976,268$8,597,587$8,219,754$10,294,118
78$10,959,585$8,984,607$8,460,853$11,141,601
79$12,042,122$9,389,511$8,708,950$12,068,831
80$13,233,963$9,813,142$8,964,245$13,083,713
81$14,546,224$10,256,383$9,226,944$14,194,947
82$15,991,151$10,720,158$9,497,259$15,412,115
83$17,582,239$11,205,436$9,775,407$16,745,764
84$19,334,358$11,713,232$10,061,614$18,207,511
85$21,263,892$12,244,611$10,356,108$19,810,145
86$23,388,898$12,800,686$10,659,127$21,567,750
87$25,729,272$13,382,626$10,970,913$23,495,839
88$28,306,937$13,991,653$11,291,718$25,611,492
89$31,146,052$14,629,052$11,621,798$27,933,523
90$34,273,239$15,296,165$11,961,418$30,482,652
91$37,717,833$15,994,401$12,310,849$33,281,701
92$41,512,160$16,725,235$12,670,371$36,355,805
93$45,691,843$17,490,213$13,040,270$39,732,653
94$50,296,134$18,290,958$13,420,843$43,442,742
95$55,368,291$19,129,166$13,812,393$47,519,666
96$60,955,979$20,006,617$14,215,230$52,000,430
97$67,111,725$20,925,178$14,629,677$56,925,800
98$73,893,412$21,886,802$15,056,062$62,340,681
99$81,364,824$22,893,540$15,494,724$68,294,546
100$89,596,250$23,947,537$15,946,011$74,841,892