Can I retire at age 74 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$644,117$638,379$632,782$627,318$621,983$612,183
2 years$318,870$312,931$307,176$301,595$296,182$286,334
3 years$210,468$204,504$198,763$193,235$187,910$178,321
4 years$156,278$150,332$144,648$139,215$134,019$124,762
5 years$123,772$117,862$112,253$106,930$101,879$92,981
6 years$102,109$96,243$90,717$85,513$80,614$72,085
7 years$86,641$80,825$75,386$70,305$65,560$57,404
8 years$75,046$69,282$63,934$58,977$54,389$46,603
9 years$66,032$60,322$55,066$50,235$45,803$38,384
10 years$58,825$53,171$48,008$43,303$39,027$31,968
11 years$52,932$47,335$42,265$37,687$33,564$26,859
12 years$48,025$42,486$37,509$33,057$29,086$22,726
13 years$43,876$38,395$33,512$29,184$25,364$19,339
14 years$40,323$34,900$30,111$25,906$22,234$16,535
15 years$37,246$31,881$27,186$23,104$19,576$14,193
16 years$34,557$29,251$24,648$20,687$17,301$12,223
17 years$32,186$26,939$22,429$18,587$15,341$10,555
18 years$30,082$24,893$20,475$16,751$13,640$9,137
19 years$28,201$23,070$18,744$15,136$12,158$7,925
20 years$26,510$21,438$17,202$13,708$10,860$6,886
21 years$24,982$19,969$15,822$12,441$9,718$5,991
22 years$23,595$18,640$14,583$11,312$8,711$5,220
23 years$22,330$17,434$13,465$10,302$7,819$4,553
24 years$21,173$16,334$12,453$9,396$7,028$3,975
25 years$20,110$15,329$11,534$8,581$6,324$3,473
26 years$19,130$14,407$10,697$7,846$5,697$3,037
27 years$18,224$13,558$9,933$7,182$5,136$2,657
28 years$17,384$12,776$9,234$6,580$4,634$2,326
29 years$16,604$12,053$8,593$6,034$4,185$2,037
30 years$15,877$11,382$8,004$5,538$3,781$1,785
31 years$15,199$10,760$7,462$5,086$3,419$1,564
32 years$14,564$10,181$6,962$4,674$3,092$1,372
33 years$13,969$9,642$6,501$4,298$2,799$1,203
34 years$13,410$9,138$6,074$3,955$2,534$1,055
35 years$12,884$8,667$5,678$3,640$2,295$926
36 years$12,388$8,227$5,312$3,353$2,079$812
37 years$11,921$7,813$4,972$3,089$1,885$713
38 years$11,479$7,426$4,656$2,847$1,709$626
39 years$11,060$7,061$4,362$2,625$1,549$550
40 years$10,664$6,718$4,089$2,422$1,405$483
41 years$10,288$6,395$3,834$2,234$1,275$424
42 years$9,931$6,090$3,596$2,062$1,157$372
43 years$9,591$5,803$3,375$1,903$1,050$327
44 years$9,268$5,531$3,168$1,757$953$287
45 years$8,959$5,275$2,974$1,623$865$252
46 years$8,666$5,032$2,794$1,499$786$221
47 years$8,385$4,802$2,625$1,385$713$195
48 years$8,117$4,584$2,466$1,280$648$171
49 years$7,861$4,377$2,318$1,183$588$150
50 years$7,616$4,182$2,179$1,093$534$132

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $7,800,000, adding $6,800 every year, while hoping to spend $38,557 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: 48/43/9 Blend
73$7,800,000$7,800,000$7,800,000$7,800,000
74$8,602,614$8,189,214$8,068,314$8,994,310
75$9,439,056$8,549,461$8,297,578$9,624,085
76$10,359,524$8,926,068$8,533,231$10,302,865
77$11,372,545$9,319,796$8,775,444$11,038,938
78$12,487,521$9,731,442$9,024,397$11,837,653
79$13,714,805$10,161,839$9,280,272$12,704,881
80$15,065,809$10,611,864$9,543,255$13,647,069
81$16,553,107$11,082,430$9,813,539$14,671,299
82$18,190,552$11,574,498$10,091,321$15,785,351
83$19,993,412$12,089,071$10,376,804$16,997,771
84$21,978,507$12,627,203$10,670,193$18,317,953
85$24,164,373$13,189,994$10,971,703$19,756,217
86$26,571,435$13,778,600$11,281,552$21,323,908
87$29,222,200$14,394,230$11,599,962$23,033,499
88$32,141,468$15,038,151$11,927,165$24,898,700
89$35,356,568$15,711,691$12,263,395$26,934,588
90$38,897,613$16,416,238$12,608,893$29,157,742
91$42,797,787$17,153,251$12,963,908$31,586,394
92$47,093,655$17,924,255$13,328,694$34,240,599
93$51,825,513$18,730,849$13,703,510$37,142,416
94$57,037,762$19,574,707$14,088,625$40,316,113
95$62,779,331$20,457,585$14,484,311$43,788,388
96$69,104,138$21,381,321$14,890,850$47,588,617
97$76,071,595$22,347,841$15,308,529$51,749,123
98$83,747,177$23,359,165$15,737,644$56,305,478
99$92,203,031$24,417,406$16,178,497$61,296,825
100$101,518,662$25,524,780$16,631,398$66,766,250