Can I retire at age 74 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$619,343$613,826$608,444$603,190$598,061$575,697
2 years$306,605$300,895$295,361$289,995$284,791$262,516
3 years$202,373$196,638$191,118$185,803$180,683$159,197
4 years$150,267$144,550$139,085$133,860$128,865$108,332
5 years$119,012$113,329$107,936$102,818$97,961$78,435
6 years$98,182$92,542$87,228$82,224$77,513$59,007
7 years$83,309$77,716$72,487$67,601$63,039$45,548
8 years$72,160$66,617$61,475$56,709$52,297$35,805
9 years$63,492$58,002$52,948$48,303$44,041$28,525
10 years$56,562$51,126$46,161$41,638$37,526$22,957
11 years$50,896$45,515$40,640$36,237$32,273$18,621
12 years$46,178$40,851$36,067$31,785$27,967$15,196
13 years$42,189$36,918$32,223$28,062$24,388$12,462
14 years$38,772$33,557$28,953$24,910$21,378$10,260
15 years$35,814$30,655$26,140$22,215$18,823$8,473
16 years$33,228$28,126$23,700$19,891$16,636$7,016
17 years$30,948$25,903$21,566$17,872$14,751$5,822
18 years$28,925$23,935$19,687$16,106$13,116$4,839
19 years$27,116$22,183$18,023$14,554$11,690$4,028
20 years$25,490$20,613$16,540$13,181$10,442$3,356
21 years$24,021$19,201$15,214$11,963$9,344$2,800
22 years$22,687$17,923$14,022$10,877$8,376$2,337
23 years$21,471$16,763$12,947$9,906$7,519$1,952
24 years$20,358$15,706$11,974$9,035$6,758$1,632
25 years$19,336$14,739$11,090$8,251$6,081$1,365
26 years$18,394$13,852$10,285$7,544$5,478$1,142
27 years$17,523$13,037$9,551$6,905$4,939$955
28 years$16,716$12,284$8,879$6,327$4,456$800
29 years$15,966$11,589$8,262$5,802$4,024$670
30 years$15,267$10,945$7,696$5,325$3,636$561
31 years$14,614$10,346$7,175$4,890$3,287$470
32 years$14,004$9,790$6,694$4,494$2,973$393
33 years$13,431$9,271$6,251$4,133$2,691$330
34 years$12,894$8,787$5,840$3,803$2,436$276
35 years$12,388$8,334$5,460$3,500$2,207$231
36 years$11,912$7,910$5,108$3,224$1,999$194
37 years$11,462$7,513$4,781$2,970$1,812$162
38 years$11,037$7,140$4,477$2,738$1,643$136
39 years$10,635$6,789$4,194$2,524$1,490$114
40 years$10,254$6,460$3,931$2,328$1,351$96
41 years$9,892$6,149$3,686$2,148$1,226$80
42 years$9,549$5,856$3,458$1,983$1,112$67
43 years$9,222$5,580$3,245$1,830$1,010$56
44 years$8,911$5,319$3,046$1,690$916$47
45 years$8,615$5,072$2,860$1,561$832$40
46 years$8,332$4,838$2,686$1,442$755$33
47 years$8,063$4,617$2,524$1,332$686$28
48 years$7,805$4,408$2,372$1,231$623$23
49 years$7,558$4,209$2,229$1,137$566$20
50 years$7,323$4,021$2,096$1,051$514$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $7,500,000, adding $5,905 every year, while hoping to spend $51,749 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: 46/35/19 Blend
73$7,500,000$7,500,000$7,500,000$7,500,000
74$8,271,091$7,873,591$7,757,341$8,606,412
75$9,059,682$8,204,336$7,962,151$9,172,122
76$9,926,974$8,549,554$8,172,089$9,779,863
77$10,880,942$8,909,898$8,387,270$10,438,129
78$11,930,368$9,286,054$8,607,814$11,151,647
79$13,084,933$9,678,737$8,833,843$11,925,611
80$14,355,300$10,088,699$9,065,480$12,765,726
81$15,753,219$10,516,724$9,302,852$13,678,263
82$17,291,636$10,963,632$9,546,086$14,670,110
83$18,984,817$11,430,285$9,795,314$15,748,840
84$20,848,480$11,917,580$10,050,669$16,922,777
85$22,899,944$12,426,460$10,312,285$18,201,074
86$25,158,291$12,957,910$10,580,300$19,593,793
87$27,644,551$13,512,961$10,854,854$21,112,000
88$30,381,893$14,092,694$11,136,089$22,767,864
89$33,395,847$14,698,238$11,424,150$24,574,771
90$36,714,548$15,330,776$11,719,183$26,547,446
91$40,368,995$15,991,546$12,021,338$28,702,087
92$44,393,346$16,681,846$12,330,767$31,056,516
93$48,825,243$17,403,032$12,647,623$33,630,343
94$53,706,161$18,156,524$12,972,062$36,445,145
95$59,081,808$18,943,812$13,304,244$39,524,670
96$65,002,545$19,766,451$13,644,329$42,895,050
97$71,523,870$20,626,073$13,992,480$46,585,049
98$78,706,939$21,524,385$14,348,863$50,626,329
99$86,619,142$22,463,175$14,713,645$55,053,739
100$95,334,739$23,444,315$15,086,996$59,905,645