Can I retire at age 75 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$660,633$654,748$649,007$643,403$637,931$631,532
2 years$327,046$320,955$315,052$309,328$303,777$297,331
3 years$215,865$209,748$203,859$198,190$192,728$186,437
4 years$160,285$154,187$148,357$142,785$137,456$131,366
5 years$126,946$120,884$115,131$109,672$104,492$98,622
6 years$104,727$98,711$93,043$87,706$82,681$77,039
7 years$88,863$82,897$77,319$72,108$67,241$61,830
8 years$76,970$71,058$65,573$60,489$55,783$50,601
9 years$67,725$61,869$56,478$51,524$46,978$42,023
10 years$60,333$54,535$49,239$44,414$40,027$35,297
11 years$54,289$48,549$43,349$38,653$34,425$29,916
12 years$49,256$43,575$38,471$33,904$29,832$25,539
13 years$45,001$39,379$34,371$29,932$26,014$21,933
14 years$41,357$35,794$30,883$26,571$22,804$18,928
15 years$38,201$32,699$27,883$23,696$20,078$16,403
16 years$35,443$30,001$25,280$21,217$17,745$14,263
17 years$33,012$27,629$23,004$19,064$15,734$12,440
18 years$30,853$25,531$21,000$17,180$13,990$10,877
19 years$28,924$23,662$19,224$15,524$12,470$9,531
20 years$27,189$21,988$17,643$14,060$11,138$8,367
21 years$25,622$20,481$16,228$12,760$9,967$7,357
22 years$24,200$19,118$14,957$11,602$8,934$6,479
23 years$22,903$17,881$13,810$10,566$8,020$5,712
24 years$21,716$16,753$12,772$9,637$7,208$5,041
25 years$20,625$15,722$11,829$8,801$6,487$4,453
26 years$19,620$14,776$10,971$8,047$5,843$3,937
27 years$18,691$13,906$10,188$7,366$5,268$3,484
28 years$17,830$13,103$9,471$6,749$4,753$3,084
29 years$17,030$12,362$8,813$6,189$4,292$2,732
30 years$16,285$11,674$8,209$5,680$3,878$2,421
31 years$15,589$11,036$7,653$5,216$3,506$2,147
32 years$14,937$10,442$7,141$4,794$3,172$1,904
33 years$14,327$9,889$6,667$4,408$2,870$1,690
34 years$13,753$9,373$6,229$4,056$2,599$1,500
35 years$13,214$8,890$5,824$3,734$2,354$1,331
36 years$12,706$8,438$5,448$3,439$2,133$1,182
37 years$12,226$8,014$5,100$3,168$1,933$1,050
38 years$11,773$7,616$4,775$2,920$1,752$933
39 years$11,344$7,242$4,474$2,693$1,589$829
40 years$10,937$6,890$4,194$2,484$1,441$737
41 years$10,552$6,559$3,932$2,291$1,308$655
42 years$10,185$6,246$3,689$2,115$1,187$582
43 years$9,837$5,952$3,461$1,952$1,077$517
44 years$9,505$5,673$3,249$1,803$977$460
45 years$9,189$5,410$3,051$1,665$887$409
46 years$8,888$5,161$2,865$1,538$806$364
47 years$8,600$4,925$2,692$1,421$732$323
48 years$8,325$4,702$2,530$1,313$664$287
49 years$8,062$4,490$2,378$1,213$603$256
50 years$7,811$4,289$2,235$1,121$548$227

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $8,000,000, adding $6,938 every year, while hoping to spend $46,076 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: 68/21/11 Blend
74$8,000,000$8,000,000$8,000,000$8,000,000
75$8,823,157$8,399,157$8,275,157$9,402,136
76$9,674,094$8,761,691$8,503,350$10,150,281
77$10,610,283$9,140,445$8,737,643$10,962,023
78$11,640,370$9,536,165$8,978,193$11,848,582
79$12,773,883$9,949,632$9,225,157$12,817,287
80$14,021,319$10,381,665$9,478,700$13,876,204
81$15,394,246$10,833,118$9,738,989$15,034,208
82$16,905,408$11,304,890$10,006,194$16,301,066
83$18,568,848$11,797,918$10,280,490$17,687,529
84$20,400,041$12,313,186$10,562,057$19,205,430
85$22,416,036$12,851,723$10,851,076$20,867,792
86$24,635,621$13,414,607$11,147,737$22,688,954
87$27,079,498$14,002,966$11,452,229$24,684,699
88$29,770,478$14,617,983$11,764,751$26,872,404
89$32,733,698$15,260,895$12,085,501$29,271,200
90$35,996,854$15,932,999$12,414,685$31,902,153
91$39,590,469$16,635,651$12,752,512$34,788,457
92$43,548,174$17,370,275$13,099,198$37,955,650
93$47,907,028$18,138,359$13,454,962$41,431,859
94$52,707,869$18,941,462$13,820,027$45,248,053
95$57,995,697$19,781,219$14,194,623$49,438,341
96$63,820,099$20,659,340$14,578,984$54,040,284
97$70,235,719$21,577,618$14,973,350$59,095,253
98$77,302,770$22,537,929$15,377,965$64,648,811
99$85,087,606$23,542,240$15,793,080$70,751,142
100$93,663,343$24,592,611$16,218,949$77,457,520