Can I retire at age 75 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$677,148$671,117$665,232$659,488$653,880$631,937
2 years$335,222$328,979$322,928$317,062$311,371$289,481
3 years$221,261$214,991$208,956$203,144$197,547$176,396
4 years$164,292$158,041$152,066$146,354$140,892$120,643
5 years$130,120$123,906$118,010$112,414$107,104$87,810
6 years$107,345$101,179$95,369$89,898$84,748$66,424
7 years$91,085$84,970$79,252$73,910$68,922$51,567
8 years$78,894$72,835$67,212$62,002$57,178$40,777
9 years$69,418$63,416$57,890$52,812$48,152$32,687
10 years$61,842$55,898$50,470$45,524$41,028$26,473
11 years$55,647$49,763$44,433$39,620$35,285$21,612
12 years$50,488$44,664$39,433$34,752$30,578$17,756
13 years$46,126$40,363$35,231$30,681$26,664$14,661
14 years$42,391$36,689$31,655$27,235$23,374$12,155
15 years$39,156$33,516$28,580$24,289$20,580$10,110
16 years$36,329$30,751$25,912$21,748$18,189$8,432
17 years$33,837$28,320$23,579$19,540$16,127$7,048
18 years$31,624$26,169$21,525$17,610$14,340$5,902
19 years$29,647$24,253$19,705$15,912$12,781$4,950
20 years$27,869$22,537$18,084$14,411$11,416$4,157
21 years$26,263$20,993$16,634$13,079$10,216$3,494
22 years$24,805$19,596$15,331$11,892$9,158$2,940
23 years$23,475$18,328$14,155$10,830$8,220$2,476
24 years$22,259$17,172$13,091$9,878$7,389$2,086
25 years$21,141$16,115$12,125$9,021$6,649$1,758
26 years$20,111$15,145$11,245$8,248$5,989$1,483
27 years$19,159$14,254$10,442$7,550$5,400$1,251
28 years$18,276$13,431$9,707$6,917$4,872$1,056
29 years$17,456$12,671$9,034$6,343$4,399$891
30 years$16,692$11,966$8,414$5,822$3,975$752
31 years$15,978$11,312$7,845$5,347$3,594$635
32 years$15,311$10,703$7,319$4,914$3,251$537
33 years$14,685$10,136$6,834$4,519$2,942$453
34 years$14,097$9,607$6,385$4,157$2,664$383
35 years$13,544$9,112$5,970$3,827$2,413$323
36 years$13,023$8,649$5,585$3,525$2,186$273
37 years$12,532$8,214$5,227$3,248$1,981$231
38 years$12,067$7,806$4,895$2,993$1,796$195
39 years$11,627$7,423$4,586$2,760$1,629$165
40 years$11,211$7,062$4,298$2,546$1,477$139
41 years$10,815$6,723$4,031$2,349$1,340$118
42 years$10,440$6,403$3,781$2,168$1,216$100
43 years$10,083$6,100$3,548$2,001$1,104$84
44 years$9,743$5,815$3,330$1,848$1,002$71
45 years$9,419$5,545$3,127$1,706$910$60
46 years$9,110$5,290$2,937$1,576$826$51
47 years$8,815$5,048$2,759$1,456$750$43
48 years$8,533$4,819$2,593$1,346$681$36
49 years$8,264$4,602$2,437$1,244$619$31
50 years$8,006$4,396$2,291$1,149$562$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $8,200,000, adding $2,619 every year, while hoping to spend $33,805 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: 47/23/30 Blend
74$8,200,000$8,200,000$8,200,000$8,200,000
75$9,039,101$8,604,501$8,477,401$9,385,952
76$9,925,122$8,990,154$8,725,426$10,017,481
77$10,900,383$9,393,570$8,980,627$10,699,144
78$11,973,952$9,815,585$9,243,208$11,438,502
79$13,155,819$10,257,073$9,513,380$12,241,007
80$14,456,994$10,718,951$9,791,359$13,112,648
81$15,889,606$11,202,178$10,077,368$14,060,009
82$17,467,021$11,707,760$10,371,635$15,090,326
83$19,203,968$12,236,751$10,674,396$16,211,556
84$21,116,676$12,790,255$10,985,891$17,432,444
85$23,223,027$13,369,428$11,306,369$18,762,610
86$25,542,729$13,975,483$11,636,086$20,212,631
87$28,097,496$14,609,690$11,975,302$21,794,143
88$30,911,255$15,273,379$12,324,290$23,519,944
89$34,010,373$15,967,945$12,683,324$25,404,112
90$37,423,906$16,694,850$13,052,690$27,462,137
91$41,183,871$17,455,623$13,432,681$29,711,062
92$45,325,548$18,251,871$13,823,598$32,169,641
93$49,887,814$19,085,273$14,225,749$34,858,513
94$54,913,513$19,957,593$14,639,453$37,800,389
95$60,449,852$20,870,676$15,065,036$41,020,270
96$66,548,856$21,826,458$15,502,834$44,545,670
97$73,267,851$22,826,966$15,953,191$48,406,878
98$80,670,011$23,874,327$16,416,461$52,637,237
99$88,824,949$24,970,766$16,893,010$57,273,453
100$97,809,379$26,118,619$17,383,211$62,355,938