Can I retire at age 75 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$627,601$622,011$616,556$611,233$606,035$588,285
2 years$310,694$304,907$299,299$293,862$288,588$270,850
3 years$205,072$199,260$193,666$188,280$183,092$165,921
4 years$152,271$146,477$140,940$135,645$130,583$114,110
5 years$120,599$114,840$109,375$104,189$99,267$83,538
6 years$99,491$93,775$88,391$83,320$78,547$63,575
7 years$84,420$78,753$73,453$68,502$63,879$49,665
8 years$73,122$67,505$62,294$57,465$52,994$39,529
9 years$64,339$58,776$53,654$48,947$44,629$31,899
10 years$57,317$51,808$46,777$42,193$38,026$26,014
11 years$51,575$46,121$41,182$36,721$32,704$21,389
12 years$46,794$41,396$36,548$32,209$28,340$17,701
13 years$42,751$37,410$32,653$28,436$24,713$14,725
14 years$39,289$34,005$29,339$25,242$21,663$12,301
15 years$36,291$31,064$26,489$22,511$19,074$10,312
16 years$33,671$28,501$24,016$20,157$16,858$8,669
17 years$31,361$26,248$21,854$18,110$14,947$7,305
18 years$29,310$24,254$19,950$16,321$13,290$6,168
19 years$27,477$22,479$18,263$14,748$11,846$5,216
20 years$25,830$20,888$16,761$13,357$10,581$4,417
21 years$24,341$19,457$15,417$12,122$9,469$3,745
22 years$22,990$18,162$14,209$11,022$8,488$3,178
23 years$21,758$16,987$13,119$10,038$7,619$2,699
24 years$20,630$15,915$12,133$9,155$6,848$2,294
25 years$19,594$14,936$11,238$8,361$6,162$1,951
26 years$18,639$14,037$10,422$7,645$5,551$1,660
27 years$17,757$13,211$9,678$6,997$5,004$1,413
28 years$16,939$12,448$8,997$6,411$4,516$1,203
29 years$16,179$11,744$8,373$5,879$4,077$1,025
30 years$15,470$11,091$7,799$5,396$3,684$873
31 years$14,809$10,484$7,271$4,955$3,331$744
32 years$14,190$9,920$6,784$4,554$3,013$634
33 years$13,610$9,395$6,334$4,188$2,727$541
34 years$13,066$8,904$5,918$3,853$2,469$461
35 years$12,553$8,445$5,533$3,547$2,236$393
36 years$12,071$8,016$5,176$3,267$2,026$335
37 years$11,615$7,613$4,845$3,010$1,836$286
38 years$11,184$7,235$4,537$2,774$1,665$244
39 years$10,777$6,880$4,250$2,558$1,510$208
40 years$10,390$6,546$3,984$2,359$1,369$177
41 years$10,024$6,231$3,736$2,177$1,242$151
42 years$9,676$5,934$3,504$2,009$1,127$129
43 years$9,345$5,654$3,288$1,855$1,023$110
44 years$9,030$5,389$3,087$1,712$929$94
45 years$8,730$5,139$2,898$1,581$843$80
46 years$8,443$4,903$2,722$1,461$765$68
47 years$8,170$4,679$2,557$1,350$695$58
48 years$7,909$4,466$2,403$1,247$631$50
49 years$7,659$4,265$2,259$1,153$573$42
50 years$7,420$4,074$2,124$1,065$521$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $7,600,000, adding $6,846 every year, while hoping to spend $33,720 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: 53/28/19 Blend
74$7,600,000$7,600,000$7,600,000$7,600,000
75$8,382,262$7,979,462$7,861,662$8,782,703
76$9,201,375$8,334,577$8,089,149$9,413,273
77$10,102,907$8,705,964$8,323,128$10,094,934
78$11,095,230$9,094,382$8,563,779$10,835,939
79$12,187,567$9,500,631$8,811,290$11,641,944
80$13,390,082$9,925,545$9,065,851$12,519,170
81$14,713,974$10,370,001$9,327,661$13,474,453
82$16,171,584$10,834,915$9,596,922$14,515,311
83$17,776,509$11,321,249$9,873,842$15,650,007
84$19,543,731$11,830,009$10,158,635$16,887,632
85$21,489,762$12,362,250$10,451,519$18,238,180
86$23,632,795$12,919,077$10,752,722$19,712,647
87$25,992,875$13,501,647$11,062,473$21,323,127
88$28,592,094$14,111,173$11,381,012$23,082,924
89$31,454,793$14,748,927$11,708,582$25,006,678
90$34,607,797$15,416,239$12,045,434$27,110,496
91$38,080,662$16,114,504$12,391,826$29,412,101
92$41,905,960$16,845,185$12,748,022$31,930,998
93$46,119,582$17,609,814$13,114,295$34,688,653
94$50,761,079$18,409,994$13,490,923$37,708,693
95$55,874,033$19,247,408$13,878,193$41,017,123
96$61,506,472$20,123,818$14,276,400$44,642,569
97$67,711,317$21,041,070$14,685,845$48,616,543
98$74,546,889$22,001,101$15,106,838$52,973,737
99$82,077,454$23,005,936$15,539,699$57,752,343
100$90,373,830$24,057,703$15,984,755$62,994,414