Can I retire at age 75 with 7,900,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$652,375$646,564$640,894$635,360$629,957$627,303
2 years$322,958$316,943$311,114$305,462$299,980$297,300
3 years$213,166$207,126$201,311$195,712$190,319$187,697
4 years$158,282$152,259$146,503$141,000$135,737$133,193
5 years$125,359$119,373$113,692$108,301$103,185$100,726
6 years$103,418$97,477$91,880$86,609$81,647$79,276
7 years$87,752$81,861$76,353$71,206$66,401$64,120
8 years$76,008$70,170$64,753$59,733$55,086$52,895
9 years$66,878$61,096$55,772$50,879$46,390$44,289
10 years$59,579$53,853$48,623$43,859$39,527$37,514
11 years$53,611$47,942$42,807$38,170$33,994$32,068
12 years$48,641$43,030$37,990$33,480$29,459$27,618
13 years$44,439$38,887$33,942$29,558$25,689$23,932
14 years$40,840$35,347$30,497$26,238$22,519$20,844
15 years$37,724$32,290$27,535$23,400$19,827$18,233
16 years$35,000$29,626$24,964$20,952$17,523$16,007
17 years$32,599$27,284$22,716$18,825$15,537$14,096
18 years$30,467$25,212$20,737$16,965$13,815$12,447
19 years$28,562$23,366$18,984$15,330$12,314$11,017
20 years$26,850$21,713$17,422$13,884$10,999$9,771
21 years$25,302$20,225$16,025$12,601$9,843$8,681
22 years$23,897$18,879$14,770$11,457$8,823$7,724
23 years$22,617$17,657$13,637$10,434$7,920$6,882
24 years$21,444$16,544$12,612$9,516$7,118$6,140
25 years$20,367$15,525$11,681$8,691$6,405$5,483
26 years$19,375$14,591$10,834$7,947$5,770$4,901
27 years$18,458$13,732$10,060$7,274$5,202$4,384
28 years$17,607$12,940$9,352$6,664$4,694$3,925
29 years$16,817$12,207$8,703$6,111$4,238$3,516
30 years$16,081$11,528$8,107$5,609$3,830$3,152
31 years$15,394$10,898$7,558$5,151$3,462$2,827
32 years$14,751$10,312$7,051$4,734$3,132$2,536
33 years$14,148$9,765$6,584$4,353$2,834$2,277
34 years$13,582$9,255$6,152$4,005$2,566$2,044
35 years$13,049$8,779$5,751$3,687$2,324$1,836
36 years$12,547$8,332$5,380$3,396$2,106$1,650
37 years$12,073$7,914$5,036$3,129$1,909$1,483
38 years$11,626$7,521$4,716$2,884$1,730$1,333
39 years$11,202$7,152$4,418$2,659$1,569$1,199
40 years$10,801$6,804$4,141$2,453$1,423$1,078
41 years$10,420$6,477$3,883$2,263$1,291$970
42 years$10,058$6,168$3,642$2,088$1,172$872
43 years$9,714$5,877$3,418$1,928$1,063$785
44 years$9,386$5,602$3,208$1,780$965$706
45 years$9,074$5,342$3,013$1,644$876$636
46 years$8,777$5,096$2,829$1,518$796$572
47 years$8,493$4,863$2,658$1,403$722$515
48 years$8,221$4,643$2,498$1,296$656$464
49 years$7,962$4,434$2,348$1,198$596$418
50 years$7,713$4,235$2,207$1,107$541$376

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $7,900,000, adding $3,377 every year, while hoping to spend $55,602 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: 75/18/7 Blend