Can I retire at age 74 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$627,601$622,011$616,556$611,233$606,035$601,208
2 years$310,694$304,907$299,299$293,862$288,588$283,723
3 years$205,072$199,260$193,666$188,280$183,092$178,339
4 years$152,271$146,477$140,940$135,645$130,583$125,978
5 years$120,599$114,840$109,375$104,189$99,267$94,824
6 years$99,491$93,775$88,391$83,320$78,547$74,272
7 years$84,420$78,753$73,453$68,502$63,879$59,774
8 years$73,122$67,505$62,294$57,465$52,994$49,059
9 years$64,339$58,776$53,654$48,947$44,629$40,862
10 years$57,317$51,808$46,777$42,193$38,026$34,425
11 years$51,575$46,121$41,182$36,721$32,704$29,267
12 years$46,794$41,396$36,548$32,209$28,340$25,064
13 years$42,751$37,410$32,653$28,436$24,713$21,594
14 years$39,289$34,005$29,339$25,242$21,663$18,698
15 years$36,291$31,064$26,489$22,511$19,074$16,257
16 years$33,671$28,501$24,016$20,157$16,858$14,186
17 years$31,361$26,248$21,854$18,110$14,947$12,415
18 years$29,310$24,254$19,950$16,321$13,290$10,894
19 years$27,477$22,479$18,263$14,748$11,846$9,580
20 years$25,830$20,888$16,761$13,357$10,581$8,441
21 years$24,341$19,457$15,417$12,122$9,469$7,450
22 years$22,990$18,162$14,209$11,022$8,488$6,585
23 years$21,758$16,987$13,119$10,038$7,619$5,828
24 years$20,630$15,915$12,133$9,155$6,848$5,163
25 years$19,594$14,936$11,238$8,361$6,162$4,579
26 years$18,639$14,037$10,422$7,645$5,551$4,064
27 years$17,757$13,211$9,678$6,997$5,004$3,610
28 years$16,939$12,448$8,997$6,411$4,516$3,209
29 years$16,179$11,744$8,373$5,879$4,077$2,854
30 years$15,470$11,091$7,799$5,396$3,684$2,540
31 years$14,809$10,484$7,271$4,955$3,331$2,261
32 years$14,190$9,920$6,784$4,554$3,013$2,014
33 years$13,610$9,395$6,334$4,188$2,727$1,794
34 years$13,066$8,904$5,918$3,853$2,469$1,599
35 years$12,553$8,445$5,533$3,547$2,236$1,426
36 years$12,071$8,016$5,176$3,267$2,026$1,272
37 years$11,615$7,613$4,845$3,010$1,836$1,134
38 years$11,184$7,235$4,537$2,774$1,665$1,012
39 years$10,777$6,880$4,250$2,558$1,510$903
40 years$10,390$6,546$3,984$2,359$1,369$806
41 years$10,024$6,231$3,736$2,177$1,242$719
42 years$9,676$5,934$3,504$2,009$1,127$642
43 years$9,345$5,654$3,288$1,855$1,023$573
44 years$9,030$5,389$3,087$1,712$929$512
45 years$8,730$5,139$2,898$1,581$843$457
46 years$8,443$4,903$2,722$1,461$765$408
47 years$8,170$4,679$2,557$1,350$695$365
48 years$7,909$4,466$2,403$1,247$631$326
49 years$7,659$4,265$2,259$1,153$573$291
50 years$7,420$4,074$2,124$1,065$521$260

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $7,600,000, adding $6,022 every year, while hoping to spend $22,342 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: 79/7/14 Blend
73$7,600,000$7,600,000$7,600,000$7,600,000
74$8,381,412$7,978,612$7,860,812$9,019,389
75$9,212,544$8,345,792$8,100,377$9,807,240
76$10,127,703$8,730,215$8,347,219$10,667,969
77$11,135,436$9,132,703$8,601,558$11,611,705
78$12,245,161$9,554,116$8,863,621$12,646,742
79$13,467,255$9,995,356$9,133,641$13,782,216
80$14,813,156$10,457,369$9,411,858$15,028,186
81$16,295,465$10,941,147$9,698,522$16,395,733
82$17,928,066$11,447,727$9,993,887$17,897,058
83$19,726,263$11,978,200$10,298,216$19,545,601
84$21,706,917$12,533,706$10,611,781$21,356,163
85$23,888,607$13,115,442$10,934,860$23,345,050
86$26,291,808$13,724,662$11,267,741$25,530,219
87$28,939,082$14,362,681$11,610,721$27,931,452
88$31,855,292$15,030,876$11,964,104$30,570,540
89$35,067,835$15,730,692$12,328,204$33,471,484
90$38,606,902$16,463,643$12,703,346$36,660,726
91$42,505,760$17,231,316$13,089,863$40,167,396
92$46,801,073$18,035,376$13,488,098$44,023,581
93$51,533,238$18,877,565$13,898,406$48,264,632
94$56,746,776$19,759,713$14,321,150$52,929,492
95$62,490,745$20,683,737$14,756,706$58,061,068
96$68,819,206$21,651,645$15,205,461$63,706,627
97$75,791,734$22,665,545$15,667,813$69,918,247
98$83,473,979$23,727,644$16,144,172$76,753,301
99$91,938,284$24,840,258$16,634,961$84,275,003
100$101,264,372$26,005,814$17,140,616$92,552,998