Can I retire at age 75 with 7,100,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$586,311$581,089$575,993$571,020$566,164$559,553
2 years$290,253$284,847$279,608$274,529$269,602$262,948
3 years$191,580$186,151$180,925$175,893$171,047$164,556
4 years$142,253$136,841$131,667$126,721$121,992$115,715
5 years$112,665$107,285$102,179$97,334$92,736$86,691
6 years$92,945$87,606$82,576$77,839$73,379$67,573
7 years$78,866$73,571$68,621$63,996$59,677$54,112
8 years$68,311$63,064$58,196$53,684$49,508$44,183
9 years$60,106$54,909$50,124$45,727$41,693$36,607
10 years$53,546$48,399$43,699$39,417$35,524$30,674
11 years$48,182$43,087$38,472$34,305$30,552$25,933
12 years$43,715$38,673$34,143$30,090$26,476$22,083
13 years$39,939$34,949$30,505$26,565$23,087$18,915
14 years$36,704$31,768$27,409$23,581$20,238$16,281
15 years$33,904$29,020$24,746$21,030$17,819$14,071
16 years$31,456$26,625$22,436$18,830$15,749$12,202
17 years$29,298$24,521$20,416$16,919$13,964$10,612
18 years$27,382$22,659$18,637$15,247$12,416$9,252
19 years$25,670$21,000$17,061$13,777$11,067$8,084
20 years$24,131$19,514$15,658$12,478$9,885$7,076
21 years$22,740$18,177$14,402$11,325$8,846$6,203
22 years$21,477$16,967$13,274$10,297$7,929$5,446
23 years$20,326$15,869$12,256$9,377$7,118$4,787
24 years$19,273$14,868$11,335$8,553$6,398$4,212
25 years$18,305$13,953$10,498$7,811$5,757$3,709
26 years$17,413$13,114$9,737$7,142$5,186$3,269
27 years$16,589$12,341$9,041$6,537$4,675$2,883
28 years$15,824$11,629$8,405$5,989$4,218$2,544
29 years$15,114$10,971$7,822$5,492$3,809$2,246
30 years$14,453$10,361$7,286$5,041$3,442$1,984
31 years$13,835$9,794$6,792$4,629$3,112$1,754
32 years$13,257$9,268$6,337$4,255$2,815$1,550
33 years$12,715$8,777$5,917$3,912$2,547$1,371
34 years$12,206$8,318$5,529$3,600$2,306$1,213
35 years$11,728$7,890$5,169$3,314$2,089$1,073
36 years$11,276$7,488$4,835$3,052$1,893$950
37 years$10,851$7,112$4,526$2,812$1,715$841
38 years$10,448$6,759$4,238$2,592$1,555$744
39 years$10,068$6,427$3,971$2,390$1,410$659
40 years$9,707$6,115$3,722$2,204$1,279$584
41 years$9,364$5,821$3,490$2,034$1,161$517
42 years$9,039$5,544$3,274$1,877$1,053$458
43 years$8,730$5,282$3,072$1,733$956$406
44 years$8,436$5,035$2,883$1,600$867$359
45 years$8,155$4,801$2,707$1,477$788$318
46 years$7,888$4,580$2,543$1,365$715$282
47 years$7,633$4,371$2,389$1,261$649$250
48 years$7,389$4,173$2,245$1,165$590$222
49 years$7,155$3,985$2,110$1,077$536$196
50 years$6,932$3,806$1,984$995$486$174

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $7,100,000, adding $4,114 every year, while hoping to spend $32,148 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: 71/7/22 Blend