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:
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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$652,375$646,564$640,894$635,360$629,957$608,817
2 years$322,958$316,943$311,114$305,462$299,980$278,890
3 years$213,166$207,126$201,311$195,712$190,319$169,943
4 years$158,282$152,259$146,503$141,000$135,737$116,229
5 years$125,359$119,373$113,692$108,301$103,185$84,597
6 years$103,418$97,477$91,880$86,609$81,647$63,994
7 years$87,752$81,861$76,353$71,206$66,401$49,681
8 years$76,008$70,170$64,753$59,733$55,086$39,286
9 years$66,878$61,096$55,772$50,879$46,390$31,491
10 years$59,579$53,853$48,623$43,859$39,527$25,504
11 years$53,611$47,942$42,807$38,170$33,994$20,822
12 years$48,641$43,030$37,990$33,480$29,459$17,106
13 years$44,439$38,887$33,942$29,558$25,689$14,125
14 years$40,840$35,347$30,497$26,238$22,519$11,710
15 years$37,724$32,290$27,535$23,400$19,827$9,740
16 years$35,000$29,626$24,964$20,952$17,523$8,124
17 years$32,599$27,284$22,716$18,825$15,537$6,790
18 years$30,467$25,212$20,737$16,965$13,815$5,686
19 years$28,562$23,366$18,984$15,330$12,314$4,769
20 years$26,850$21,713$17,422$13,884$10,999$4,005
21 years$25,302$20,225$16,025$12,601$9,843$3,367
22 years$23,897$18,879$14,770$11,457$8,823$2,833
23 years$22,617$17,657$13,637$10,434$7,920$2,385
24 years$21,444$16,544$12,612$9,516$7,118$2,009
25 years$20,367$15,525$11,681$8,691$6,405$1,694
26 years$19,375$14,591$10,834$7,947$5,770$1,428
27 years$18,458$13,732$10,060$7,274$5,202$1,205
28 years$17,607$12,940$9,352$6,664$4,694$1,017
29 years$16,817$12,207$8,703$6,111$4,238$858
30 years$16,081$11,528$8,107$5,609$3,830$725
31 years$15,394$10,898$7,558$5,151$3,462$612
32 years$14,751$10,312$7,051$4,734$3,132$517
33 years$14,148$9,765$6,584$4,353$2,834$437
34 years$13,582$9,255$6,152$4,005$2,566$369
35 years$13,049$8,779$5,751$3,687$2,324$312
36 years$12,547$8,332$5,380$3,396$2,106$263
37 years$12,073$7,914$5,036$3,129$1,909$223
38 years$11,626$7,521$4,716$2,884$1,730$188
39 years$11,202$7,152$4,418$2,659$1,569$159
40 years$10,801$6,804$4,141$2,453$1,423$134
41 years$10,420$6,477$3,883$2,263$1,291$114
42 years$10,058$6,168$3,642$2,088$1,172$96
43 years$9,714$5,877$3,418$1,928$1,063$81
44 years$9,386$5,602$3,208$1,780$965$69
45 years$9,074$5,342$3,013$1,644$876$58
46 years$8,777$5,096$2,829$1,518$796$49
47 years$8,493$4,863$2,658$1,403$722$41
48 years$8,221$4,643$2,498$1,296$656$35
49 years$7,962$4,434$2,348$1,198$596$30
50 years$7,713$4,235$2,207$1,107$541$25

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 $6,663 every year, while hoping to spend $43,797 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: 24/49/27 Blend
74$7,900,000$7,900,000$7,900,000$7,900,000
75$8,712,673$8,293,973$8,171,523$8,847,340
76$9,554,766$8,653,778$8,398,669$9,321,461
77$10,481,284$9,029,745$8,631,957$9,824,940
78$11,500,794$9,422,621$8,871,546$10,363,465
79$12,622,731$9,833,186$9,117,599$10,939,979
80$13,857,495$10,262,258$9,370,284$11,557,700
81$15,216,543$10,710,692$9,629,773$12,220,145
82$16,712,500$11,179,386$9,896,239$12,931,164
83$18,359,277$11,669,277$10,169,865$13,694,968
84$20,172,201$12,181,349$10,450,833$14,516,168
85$22,168,162$12,716,632$10,739,332$15,399,813
86$24,365,770$13,276,203$11,035,556$16,351,433
87$26,785,533$13,861,191$11,339,701$17,377,087
88$29,450,047$14,472,779$11,651,971$18,483,416
89$32,384,212$15,112,205$11,972,572$19,677,700
90$35,615,464$15,780,766$12,301,716$20,967,921
91$39,174,039$16,479,820$12,639,621$22,362,835
92$43,093,250$17,210,791$12,986,508$23,872,045
93$47,409,810$17,975,169$13,342,604$25,506,093
94$52,164,173$18,774,514$13,708,143$27,276,542
95$57,400,915$19,610,461$14,083,362$29,196,092
96$63,169,158$20,484,724$14,468,505$31,278,681
97$69,523,033$21,399,096$14,863,821$33,539,619
98$76,522,188$22,355,457$15,269,564$35,995,717
99$84,232,352$23,355,776$15,685,996$38,665,445
100$92,725,958$24,402,114$16,113,382$41,569,095