Can I retire at age 75 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%13.7%
1 years$627,601$622,011$616,556$611,233$606,035$596,732
2 years$310,694$304,907$299,299$293,862$288,588$279,238
3 years$205,072$199,260$193,666$188,280$183,092$173,986
4 years$152,271$146,477$140,940$135,645$130,583$121,791
5 years$120,599$114,840$109,375$104,189$99,267$90,814
6 years$99,491$93,775$88,391$83,320$78,547$70,443
7 years$84,420$78,753$73,453$68,502$63,879$56,128
8 years$73,122$67,505$62,294$57,465$52,994$45,593
9 years$64,339$58,776$53,654$48,947$44,629$37,575
10 years$57,317$51,808$46,777$42,193$38,026$31,313
11 years$51,575$46,121$41,182$36,721$32,704$26,325
12 years$46,794$41,396$36,548$32,209$28,340$22,288
13 years$42,751$37,410$32,653$28,436$24,713$18,979
14 years$39,289$34,005$29,339$25,242$21,663$16,238
15 years$36,291$31,064$26,489$22,511$19,074$13,948
16 years$33,671$28,501$24,016$20,157$16,858$12,020
17 years$31,361$26,248$21,854$18,110$14,947$10,388
18 years$29,310$24,254$19,950$16,321$13,290$8,998
19 years$27,477$22,479$18,263$14,748$11,846$7,810
20 years$25,830$20,888$16,761$13,357$10,581$6,791
21 years$24,341$19,457$15,417$12,122$9,469$5,914
22 years$22,990$18,162$14,209$11,022$8,488$5,156
23 years$21,758$16,987$13,119$10,038$7,619$4,501
24 years$20,630$15,915$12,133$9,155$6,848$3,932
25 years$19,594$14,936$11,238$8,361$6,162$3,439
26 years$18,639$14,037$10,422$7,645$5,551$3,009
27 years$17,757$13,211$9,678$6,997$5,004$2,635
28 years$16,939$12,448$8,997$6,411$4,516$2,308
29 years$16,179$11,744$8,373$5,879$4,077$2,023
30 years$15,470$11,091$7,799$5,396$3,684$1,774
31 years$14,809$10,484$7,271$4,955$3,331$1,556
32 years$14,190$9,920$6,784$4,554$3,013$1,366
33 years$13,610$9,395$6,334$4,188$2,727$1,199
34 years$13,066$8,904$5,918$3,853$2,469$1,052
35 years$12,553$8,445$5,533$3,547$2,236$924
36 years$12,071$8,016$5,176$3,267$2,026$812
37 years$11,615$7,613$4,845$3,010$1,836$713
38 years$11,184$7,235$4,537$2,774$1,665$626
39 years$10,777$6,880$4,250$2,558$1,510$550
40 years$10,390$6,546$3,984$2,359$1,369$484
41 years$10,024$6,231$3,736$2,177$1,242$425
42 years$9,676$5,934$3,504$2,009$1,127$374
43 years$9,345$5,654$3,288$1,855$1,023$329
44 years$9,030$5,389$3,087$1,712$929$289
45 years$8,730$5,139$2,898$1,581$843$254
46 years$8,443$4,903$2,722$1,461$765$223
47 years$8,170$4,679$2,557$1,350$695$196
48 years$7,909$4,466$2,403$1,247$631$173
49 years$7,659$4,265$2,259$1,153$573$152
50 years$7,420$4,074$2,124$1,065$521$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $7,600,000, adding $6,908 every year, while hoping to spend $37,448 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: 82/10/8 Blend
74$7,600,000$7,600,000$7,600,000$7,600,000
75$8,382,326$7,979,526$7,861,726$9,061,014
76$9,197,478$8,330,678$8,085,249$9,857,221
77$10,094,522$8,697,782$8,315,005$10,725,445
78$11,081,769$9,081,579$8,551,164$11,677,465
79$12,168,380$9,482,847$8,793,898$12,721,654
80$13,364,447$9,902,399$9,043,387$13,867,233
81$14,681,093$10,341,089$9,299,813$15,124,356
82$16,130,571$10,799,809$9,563,363$16,504,206
83$17,726,384$11,279,494$9,834,230$18,019,099
84$19,483,411$11,781,125$10,112,612$19,682,598
85$21,418,045$12,305,726$10,398,711$21,509,643
86$23,548,353$12,854,375$10,692,736$23,516,690
87$25,894,242$13,428,195$10,994,898$25,721,861
88$28,477,645$14,028,367$11,305,418$28,145,120
89$31,322,734$14,656,127$11,624,519$30,808,458
90$34,456,145$15,312,768$11,952,432$33,736,098
91$37,907,225$15,999,648$12,289,392$36,954,723
92$41,708,317$16,718,186$12,635,642$40,493,726
93$45,895,059$17,469,871$12,991,430$44,385,490
94$50,506,723$18,256,262$13,357,010$48,665,686
95$55,586,582$19,078,992$13,732,644$53,373,613
96$61,182,325$19,939,774$14,118,599$58,552,563
97$67,346,500$20,840,401$14,515,150$64,250,233
98$74,137,013$21,782,751$14,922,577$70,519,171
99$81,617,676$22,768,793$15,341,171$77,417,268
100$89,858,804$23,800,589$15,771,226$85,008,308