Can I retire at age 75 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$569,796$564,720$559,768$554,935$550,216$534,316
2 years$282,077$276,824$271,732$266,796$262,007$246,115
3 years$186,183$180,907$175,829$170,939$166,228$150,841
4 years$138,246$132,986$127,958$123,152$118,555$103,792
5 years$109,491$104,263$99,301$94,592$90,124$76,024
6 years$90,327$85,138$80,250$75,646$71,312$57,888
7 years$76,644$71,499$66,688$62,193$57,996$45,249
8 years$66,387$61,288$56,557$52,172$48,113$36,035
9 years$58,413$53,362$48,712$44,439$40,518$29,097
10 years$52,037$47,036$42,468$38,307$34,524$23,744
11 years$46,825$41,873$37,389$33,338$29,691$19,535
12 years$42,484$37,583$33,181$29,242$25,730$16,177
13 years$38,814$33,964$29,645$25,817$22,437$13,467
14 years$35,670$30,873$26,637$22,917$19,668$11,258
15 years$32,949$28,203$24,049$20,438$17,317$9,444
16 years$30,570$25,875$21,804$18,300$15,305$7,945
17 years$28,473$23,830$19,841$16,442$13,571$6,700
18 years$26,611$22,020$18,112$14,818$12,066$5,661
19 years$24,947$20,408$16,581$13,389$10,755$4,791
20 years$23,451$18,964$15,217$12,127$9,607$4,060
21 years$22,099$17,665$13,997$11,006$8,597$3,445
22 years$20,872$16,489$12,900$10,007$7,706$2,926
23 years$19,754$15,422$11,911$9,113$6,917$2,487
24 years$18,730$14,449$11,016$8,312$6,217$2,115
25 years$17,789$13,560$10,203$7,591$5,595$1,800
26 years$16,922$12,744$9,463$6,941$5,039$1,533
27 years$16,121$11,994$8,787$6,353$4,543$1,306
28 years$15,379$11,302$8,168$5,821$4,100$1,113
29 years$14,688$10,662$7,601$5,338$3,702$949
30 years$14,045$10,069$7,080$4,899$3,345$809
31 years$13,445$9,519$6,601$4,499$3,024$690
32 years$12,883$9,006$6,159$4,135$2,736$589
33 years$12,357$8,529$5,750$3,802$2,476$502
34 years$11,862$8,084$5,373$3,498$2,241$428
35 years$11,397$7,667$5,023$3,220$2,030$366
36 years$10,959$7,277$4,699$2,966$1,839$312
37 years$10,545$6,912$4,398$2,733$1,667$266
38 years$10,154$6,569$4,119$2,519$1,511$227
39 years$9,784$6,246$3,859$2,322$1,371$194
40 years$9,433$5,943$3,617$2,142$1,243$166
41 years$9,101$5,657$3,392$1,976$1,128$141
42 years$8,785$5,388$3,181$1,824$1,023$121
43 years$8,484$5,133$2,985$1,684$929$103
44 years$8,198$4,893$2,802$1,555$843$88
45 years$7,926$4,666$2,631$1,436$765$75
46 years$7,666$4,451$2,471$1,326$695$64
47 years$7,418$4,248$2,322$1,225$631$55
48 years$7,180$4,055$2,182$1,132$573$47
49 years$6,954$3,872$2,051$1,046$520$40
50 years$6,737$3,699$1,928$967$473$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $6,900,000, adding $2,630 every year, while hoping to spend $47,114 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: 30/46/24 Blend
74$6,900,000$6,900,000$6,900,000$6,900,000
75$7,606,513$7,240,813$7,133,863$7,778,012
76$8,332,248$7,545,484$7,322,718$8,215,033
77$9,130,430$7,863,504$7,516,321$8,680,487
78$10,008,397$8,195,479$7,714,781$9,180,260
79$10,974,236$8,542,041$7,918,210$9,717,358
80$12,036,858$8,903,851$8,126,720$10,295,073
81$13,206,080$9,281,602$8,340,427$10,917,015
82$14,492,719$9,676,019$8,559,450$11,587,139
83$15,908,693$10,087,861$8,783,908$12,309,781
84$17,467,134$10,517,920$9,013,924$13,089,696
85$19,182,512$10,967,029$9,249,621$13,932,099
86$21,070,772$11,436,057$9,491,127$14,842,713
87$23,149,481$11,925,914$9,738,569$15,827,818
88$25,437,997$12,437,553$9,992,081$16,894,304
89$27,957,651$12,971,971$10,251,793$18,049,739
90$30,731,946$13,530,212$10,517,843$19,302,430
91$33,786,782$14,113,370$10,790,368$20,661,502
92$37,150,696$14,722,588$11,069,508$22,136,976
93$40,855,136$15,359,064$11,355,406$23,739,862
94$44,934,754$16,024,052$11,648,206$25,482,256
95$49,427,733$16,718,865$11,948,055$27,377,454
96$54,376,150$17,444,877$12,255,103$29,440,064
97$59,826,369$18,203,527$12,569,500$31,686,149
98$65,829,481$18,996,323$12,891,401$34,133,363
99$72,441,787$19,824,842$13,220,962$36,801,120
100$79,725,326$20,690,735$13,558,340$39,710,767