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

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$652,375$646,564$640,894$635,360$629,957$604,963
2 years$322,958$316,943$311,114$305,462$299,980$275,108
3 years$213,166$207,126$201,311$195,712$190,319$166,354
4 years$158,282$152,259$146,503$141,000$135,737$112,860
5 years$125,359$119,373$113,692$108,301$103,185$81,455
6 years$103,418$97,477$91,880$86,609$81,647$61,077
7 years$87,752$81,861$76,353$71,206$66,401$46,984
8 years$76,008$70,170$64,753$59,733$55,086$36,802
9 years$66,878$61,096$55,772$50,879$46,390$29,212
10 years$59,579$53,853$48,623$43,859$39,527$23,420
11 years$53,611$47,942$42,807$38,170$33,994$18,922
12 years$48,641$43,030$37,990$33,480$29,459$15,380
13 years$44,439$38,887$33,942$29,558$25,689$12,561
14 years$40,840$35,347$30,497$26,238$22,519$10,298
15 years$37,724$32,290$27,535$23,400$19,827$8,469
16 years$35,000$29,626$24,964$20,952$17,523$6,982
17 years$32,599$27,284$22,716$18,825$15,537$5,767
18 years$30,467$25,212$20,737$16,965$13,815$4,772
19 years$28,562$23,366$18,984$15,330$12,314$3,954
20 years$26,850$21,713$17,422$13,884$10,999$3,280
21 years$25,302$20,225$16,025$12,601$9,843$2,723
22 years$23,897$18,879$14,770$11,457$8,823$2,263
23 years$22,617$17,657$13,637$10,434$7,920$1,881
24 years$21,444$16,544$12,612$9,516$7,118$1,565
25 years$20,367$15,525$11,681$8,691$6,405$1,302
26 years$19,375$14,591$10,834$7,947$5,770$1,084
27 years$18,458$13,732$10,060$7,274$5,202$903
28 years$17,607$12,940$9,352$6,664$4,694$752
29 years$16,817$12,207$8,703$6,111$4,238$627
30 years$16,081$11,528$8,107$5,609$3,830$522
31 years$15,394$10,898$7,558$5,151$3,462$435
32 years$14,751$10,312$7,051$4,734$3,132$363
33 years$14,148$9,765$6,584$4,353$2,834$302
34 years$13,582$9,255$6,152$4,005$2,566$252
35 years$13,049$8,779$5,751$3,687$2,324$210
36 years$12,547$8,332$5,380$3,396$2,106$175
37 years$12,073$7,914$5,036$3,129$1,909$146
38 years$11,626$7,521$4,716$2,884$1,730$122
39 years$11,202$7,152$4,418$2,659$1,569$102
40 years$10,801$6,804$4,141$2,453$1,423$85
41 years$10,420$6,477$3,883$2,263$1,291$71
42 years$10,058$6,168$3,642$2,088$1,172$59
43 years$9,714$5,877$3,418$1,928$1,063$49
44 years$9,386$5,602$3,208$1,780$965$41
45 years$9,074$5,342$3,013$1,644$876$34
46 years$8,777$5,096$2,829$1,518$796$29
47 years$8,493$4,863$2,658$1,403$722$24
48 years$8,221$4,643$2,498$1,296$656$20
49 years$7,962$4,434$2,348$1,198$596$17
50 years$7,713$4,235$2,207$1,107$541$14

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 $3,980 every year, while hoping to spend $23,556 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: 62/12/26 Blend
74$7,900,000$7,900,000$7,900,000$7,900,000
75$8,709,905$8,291,205$8,168,755$9,189,359
76$9,573,252$8,672,411$8,417,345$9,896,288
77$10,523,871$9,071,506$8,673,473$10,664,912
78$11,570,639$9,489,343$8,937,368$11,503,677
79$12,723,337$9,926,813$9,209,262$12,419,441
80$13,992,743$10,384,853$9,489,399$13,419,752
81$15,390,735$10,864,444$9,778,026$14,512,913
82$16,930,401$11,366,612$10,075,400$15,708,067
83$18,626,161$11,892,436$10,381,786$17,015,272
84$20,493,909$12,443,044$10,697,454$18,445,601
85$22,551,154$13,019,619$11,022,686$20,011,245
86$24,817,195$13,623,404$11,357,769$21,725,620
87$27,313,295$14,255,697$11,703,001$23,603,500
88$30,062,888$14,917,863$12,058,687$25,661,148
89$33,091,793$15,611,328$12,425,144$27,916,470
90$36,428,465$16,337,593$12,802,695$30,389,184
91$40,104,258$17,098,225$13,191,676$33,100,999
92$44,153,726$17,894,871$13,592,430$36,075,824
93$48,614,942$18,729,256$14,005,313$39,339,984
94$53,529,865$19,603,188$14,430,690$42,922,474
95$58,944,730$20,518,564$14,868,937$46,855,223
96$64,910,489$21,477,369$15,320,442$51,173,397
97$71,483,286$22,481,688$15,785,605$55,915,727
98$78,724,995$23,533,704$16,264,836$61,124,872
99$86,703,796$24,635,707$16,758,560$66,847,818
100$95,494,824$25,790,097$17,267,212$73,136,320