Can I retire at age 74 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$635,859$630,195$624,669$619,275$614,009$592,459
2 years$314,782$308,919$303,237$297,729$292,385$270,900
3 years$207,770$201,882$196,215$190,758$185,501$164,756
4 years$154,274$148,405$142,794$137,430$132,301$112,455
5 years$122,186$116,351$110,814$105,559$100,573$81,678
6 years$100,800$95,009$89,554$84,417$79,580$61,650
7 years$85,531$79,789$74,420$69,404$64,720$47,752
8 years$74,084$68,394$63,114$58,221$53,691$37,671
9 years$65,185$59,549$54,360$49,591$45,216$30,123
10 years$58,071$52,490$47,392$42,748$38,526$24,335
11 years$52,254$46,728$41,723$37,204$33,134$19,815
12 years$47,409$41,941$37,029$32,633$28,713$16,236
13 years$43,314$37,902$33,083$28,810$25,038$13,370
14 years$39,806$34,452$29,725$25,574$21,948$11,053
15 years$36,769$31,473$26,838$22,808$19,325$9,168
16 years$34,114$28,876$24,332$20,422$17,080$7,624
17 years$31,774$26,593$22,141$18,349$15,144$6,354
18 years$29,696$24,573$20,212$16,536$13,465$5,305
19 years$27,839$22,774$18,503$14,942$12,002$4,436
20 years$26,170$21,163$16,981$13,533$10,720$3,714
21 years$24,662$19,713$15,620$12,282$9,594$3,112
22 years$23,292$18,401$14,396$11,167$8,599$2,610
23 years$22,044$17,210$13,292$10,170$7,719$2,191
24 years$20,901$16,125$12,293$9,275$6,938$1,840
25 years$19,852$15,132$11,386$8,471$6,243$1,546
26 years$18,885$14,222$10,560$7,745$5,624$1,300
27 years$17,990$13,384$9,806$7,090$5,070$1,093
28 years$17,162$12,612$9,116$6,496$4,575$919
29 years$16,391$11,898$8,483$5,957$4,131$773
30 years$15,674$11,236$7,901$5,467$3,733$651
31 years$15,004$10,622$7,366$5,021$3,375$548
32 years$14,377$10,051$6,873$4,614$3,053$461
33 years$13,790$9,518$6,417$4,243$2,763$388
34 years$13,238$9,021$5,996$3,904$2,501$327
35 years$12,719$8,556$5,606$3,594$2,266$275
36 years$12,229$8,121$5,244$3,310$2,053$232
37 years$11,768$7,713$4,908$3,050$1,860$195
38 years$11,331$7,330$4,596$2,811$1,687$164
39 years$10,918$6,970$4,306$2,592$1,529$139
40 years$10,527$6,632$4,036$2,391$1,387$117
41 years$10,156$6,313$3,785$2,206$1,259$98
42 years$9,803$6,012$3,550$2,035$1,142$83
43 years$9,468$5,728$3,331$1,879$1,036$70
44 years$9,149$5,460$3,127$1,735$941$59
45 years$8,845$5,207$2,936$1,602$854$49
46 years$8,554$4,967$2,758$1,480$775$42
47 years$8,278$4,740$2,591$1,367$704$35
48 years$8,013$4,525$2,435$1,263$639$30
49 years$7,760$4,321$2,289$1,168$581$25
50 years$7,518$4,128$2,152$1,079$528$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $7,700,000, adding $5,854 every year, while hoping to spend $42,759 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: 42/37/21 Blend
73$7,700,000$7,700,000$7,700,000$7,700,000
74$8,491,438$8,083,338$7,963,988$8,795,617
75$9,312,070$8,433,927$8,185,287$9,363,046
76$10,214,973$8,800,261$8,412,566$9,972,556
77$11,208,493$9,183,067$8,645,980$10,631,735
78$12,301,828$9,583,106$8,885,689$11,345,170
79$13,505,110$10,001,174$9,131,855$12,117,896
80$14,829,505$10,438,105$9,384,646$12,955,439
81$16,287,315$10,894,772$9,644,231$13,863,871
82$17,892,094$11,372,089$9,910,787$14,849,858
83$19,658,781$11,871,015$10,184,491$15,920,723
84$21,603,833$12,392,551$10,465,528$17,084,515
85$23,745,386$12,937,748$10,754,085$18,350,074
86$26,103,423$13,507,705$11,050,355$19,727,119
87$28,699,964$14,103,575$11,354,534$21,226,332
88$31,559,273$14,726,563$11,666,823$22,859,454
89$34,708,087$15,377,932$11,987,430$24,639,396
90$38,175,868$16,059,006$12,316,564$26,580,353
91$41,995,080$16,771,171$12,654,443$28,697,936
92$46,201,498$17,515,879$13,001,286$31,009,315
93$50,834,542$18,294,648$13,357,321$33,533,375
94$55,937,653$19,109,073$13,722,779$36,290,888
95$61,558,697$19,960,822$14,097,896$39,304,711
96$67,750,423$20,851,641$14,482,914$42,599,987
97$74,570,957$21,783,362$14,878,082$46,204,384
98$82,084,350$22,757,902$15,283,653$50,148,346
99$90,361,184$23,777,269$15,699,886$54,465,379
100$99,479,238$24,843,569$16,127,046$59,192,356