Can I retire at age 74 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$594,569$589,273$584,106$579,063$574,138$560,714
2 years$294,341$288,859$283,547$278,396$273,399$259,951
3 years$194,278$188,773$183,473$178,371$173,456$160,403
4 years$144,257$138,768$133,522$128,506$123,710$111,154
5 years$114,251$108,796$103,618$98,705$94,042$82,018
6 years$94,255$88,840$83,739$78,935$74,413$62,932
7 years$79,977$74,608$69,587$64,897$60,517$49,583
8 years$69,273$63,953$59,016$54,440$50,205$39,812
9 years$60,953$55,682$50,830$46,371$42,280$32,420
10 years$54,300$49,081$44,315$39,972$36,025$26,687
11 years$48,860$43,694$39,014$34,788$30,982$22,154
12 years$44,331$39,217$34,624$30,514$26,849$18,516
13 years$40,501$35,441$30,934$26,939$23,413$15,559
14 years$37,221$32,215$27,795$23,913$20,523$13,133
15 years$34,381$29,429$25,095$21,327$18,070$11,126
16 years$31,899$27,000$22,752$19,096$15,971$9,454
17 years$29,711$24,866$20,704$17,157$14,161$8,054
18 years$27,768$22,978$18,900$15,462$12,591$6,875
19 years$26,031$21,296$17,302$13,971$11,223$5,880
20 years$24,471$19,789$15,879$12,654$10,024$5,037
21 years$23,060$18,433$14,605$11,484$8,971$4,320
22 years$21,780$17,206$13,461$10,442$8,041$3,709
23 years$20,613$16,092$12,429$9,509$7,218$3,187
24 years$19,544$15,078$11,495$8,673$6,488$2,741
25 years$18,563$14,150$10,646$7,921$5,838$2,359
26 years$17,658$13,298$9,874$7,242$5,259$2,032
27 years$16,822$12,515$9,169$6,629$4,741$1,751
28 years$16,047$11,793$8,524$6,074$4,278$1,509
29 years$15,327$11,125$7,932$5,570$3,863$1,301
30 years$14,656$10,507$7,388$5,112$3,490$1,122
31 years$14,030$9,932$6,888$4,695$3,156$968
32 years$13,444$9,398$6,427$4,314$2,854$836
33 years$12,894$8,900$6,000$3,968$2,583$721
34 years$12,378$8,435$5,606$3,650$2,339$623
35 years$11,893$8,001$5,242$3,360$2,118$538
36 years$11,435$7,594$4,903$3,095$1,919$464
37 years$11,004$7,212$4,590$2,852$1,740$401
38 years$10,596$6,854$4,298$2,628$1,577$346
39 years$10,209$6,518$4,027$2,423$1,430$299
40 years$9,844$6,201$3,774$2,235$1,297$259
41 years$9,496$5,903$3,539$2,062$1,177$223
42 years$9,167$5,622$3,320$1,903$1,068$193
43 years$8,853$5,356$3,115$1,757$969$167
44 years$8,555$5,106$2,924$1,622$880$144
45 years$8,270$4,869$2,746$1,498$799$125
46 years$7,999$4,645$2,579$1,384$725$108
47 years$7,740$4,432$2,423$1,279$658$93
48 years$7,493$4,231$2,277$1,181$598$80
49 years$7,256$4,041$2,140$1,092$543$69
50 years$7,030$3,860$2,012$1,009$493$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $7,200,000, adding $4,205 every year, while hoping to spend $37,575 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: 41/32/27 Blend
73$7,200,000$7,200,000$7,200,000$7,200,000
74$7,938,737$7,557,137$7,445,537$8,201,012
75$8,708,509$7,887,458$7,654,983$8,721,086
76$9,555,538$8,232,704$7,870,187$9,279,818
77$10,487,665$8,593,569$8,091,300$9,883,894
78$11,513,529$8,970,776$8,318,481$10,537,503
79$12,642,649$9,365,084$8,551,890$11,245,247
80$13,885,514$9,777,287$8,791,692$12,012,177
81$15,253,680$10,208,218$9,038,058$12,843,842
82$16,759,882$10,658,748$9,291,160$13,746,335
83$18,418,152$11,129,788$9,551,175$14,726,354
84$20,243,952$11,622,296$9,818,288$15,791,256
85$22,254,318$12,137,272$10,092,684$16,949,126
86$24,468,025$12,675,764$10,374,555$18,208,853
87$26,905,758$13,238,871$10,664,097$19,580,207
88$29,590,313$13,827,744$10,961,512$21,073,929
89$32,546,807$14,443,586$11,267,005$22,701,830
90$35,802,920$15,087,660$11,580,788$24,476,899
91$39,389,151$15,761,289$11,903,078$26,413,420
92$43,339,110$16,465,857$12,234,096$28,527,106
93$47,689,830$17,202,815$12,574,069$30,835,240
94$52,482,123$17,973,683$12,923,231$33,356,837
95$57,760,959$18,780,053$13,281,819$36,112,817
96$63,575,896$19,623,594$13,650,079$39,126,198
97$69,981,540$20,506,053$14,028,259$42,422,310
98$77,038,068$21,429,261$14,416,617$46,029,029
99$84,811,793$22,395,137$14,815,415$49,977,031
100$93,375,786$23,405,689$15,224,922$54,300,084