Can I retire at age 75 with 7,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$635,859$630,195$624,669$619,275$614,009$609,884
2 years$314,782$308,919$303,237$297,729$292,385$288,225
3 years$207,770$201,882$196,215$190,758$185,501$181,434
4 years$154,274$148,405$142,794$137,430$132,301$128,359
5 years$122,186$116,351$110,814$105,559$100,573$96,768
6 years$100,800$95,009$89,554$84,417$79,580$75,916
7 years$85,531$79,789$74,420$69,404$64,720$61,199
8 years$74,084$68,394$63,114$58,221$53,691$50,314
9 years$65,185$59,549$54,360$49,591$45,216$41,981
10 years$58,071$52,490$47,392$42,748$38,526$35,432
11 years$52,254$46,728$41,723$37,204$33,134$30,178
12 years$47,409$41,941$37,029$32,633$28,713$25,893
13 years$43,314$37,902$33,083$28,810$25,038$22,351
14 years$39,806$34,452$29,725$25,574$21,948$19,391
15 years$36,769$31,473$26,838$22,808$19,325$16,894
16 years$34,114$28,876$24,332$20,422$17,080$14,772
17 years$31,774$26,593$22,141$18,349$15,144$12,955
18 years$29,696$24,573$20,212$16,536$13,465$11,392
19 years$27,839$22,774$18,503$14,942$12,002$10,040
20 years$26,170$21,163$16,981$13,533$10,720$8,865
21 years$24,662$19,713$15,620$12,282$9,594$7,842
22 years$23,292$18,401$14,396$11,167$8,599$6,947
23 years$22,044$17,210$13,292$10,170$7,719$6,162
24 years$20,901$16,125$12,293$9,275$6,938$5,472
25 years$19,852$15,132$11,386$8,471$6,243$4,864
26 years$18,885$14,222$10,560$7,745$5,624$4,327
27 years$17,990$13,384$9,806$7,090$5,070$3,853
28 years$17,162$12,612$9,116$6,496$4,575$3,433
29 years$16,391$11,898$8,483$5,957$4,131$3,061
30 years$15,674$11,236$7,901$5,467$3,733$2,730
31 years$15,004$10,622$7,366$5,021$3,375$2,437
32 years$14,377$10,051$6,873$4,614$3,053$2,176
33 years$13,790$9,518$6,417$4,243$2,763$1,943
34 years$13,238$9,021$5,996$3,904$2,501$1,736
35 years$12,719$8,556$5,606$3,594$2,266$1,552
36 years$12,229$8,121$5,244$3,310$2,053$1,387
37 years$11,768$7,713$4,908$3,050$1,860$1,241
38 years$11,331$7,330$4,596$2,811$1,687$1,110
39 years$10,918$6,970$4,306$2,592$1,529$993
40 years$10,527$6,632$4,036$2,391$1,387$888
41 years$10,156$6,313$3,785$2,206$1,259$795
42 years$9,803$6,012$3,550$2,035$1,142$711
43 years$9,468$5,728$3,331$1,879$1,036$637
44 years$9,149$5,460$3,127$1,735$941$570
45 years$8,845$5,207$2,936$1,602$854$510
46 years$8,554$4,967$2,758$1,480$775$457
47 years$8,278$4,740$2,591$1,367$704$409
48 years$8,013$4,525$2,435$1,263$639$366
49 years$7,760$4,321$2,289$1,168$581$328
50 years$7,518$4,128$2,152$1,079$528$294

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $7,700,000, adding $3,402 every year, while hoping to spend $24,037 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: 73/18/9 Blend
74$7,700,000$7,700,000$7,700,000$7,700,000
75$8,488,909$8,080,809$7,961,459$9,095,039
76$9,329,203$8,451,194$8,202,593$9,865,896
77$10,254,401$8,838,921$8,450,999$10,706,566
78$11,273,138$9,244,817$8,706,896$11,626,615
79$12,394,929$9,669,744$8,970,508$12,633,879
80$13,630,258$10,114,608$9,242,066$13,736,987
81$14,990,680$10,580,359$9,521,811$14,945,434
82$16,488,923$11,067,990$9,809,985$16,269,671
83$18,139,017$11,578,546$10,106,844$17,721,205
84$19,956,419$12,113,117$10,412,646$19,312,700
85$21,958,164$12,672,850$10,727,659$21,058,103
86$24,163,022$13,258,945$11,052,161$22,972,765
87$26,591,677$13,872,660$11,386,435$25,073,590
88$29,266,922$14,515,314$11,730,774$27,379,190
89$32,213,873$15,188,289$12,085,480$29,910,058
90$35,460,207$15,893,034$12,450,863$32,688,764
91$39,036,423$16,631,068$12,827,242$35,740,159
92$42,976,131$17,403,983$13,214,947$39,091,611
93$47,316,365$18,213,447$13,614,317$42,773,261
94$52,097,939$19,061,211$14,025,701$46,818,303
95$57,365,825$19,949,106$14,449,459$51,263,297
96$63,169,583$20,879,057$14,885,960$56,148,508
97$69,563,827$21,853,077$15,335,586$61,518,287
98$76,608,739$22,873,279$15,798,729$67,421,484
99$84,370,637$23,941,876$16,275,793$73,911,905
100$92,922,605$25,061,192$16,767,195$81,048,820