Can I retire at age 75 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$685,406$679,301$673,344$667,531$661,854$641,953
2 years$339,310$332,991$326,866$320,928$315,168$295,287
3 years$223,960$217,613$211,504$205,622$199,956$180,716
4 years$166,296$159,969$153,921$148,139$142,610$124,160
5 years$131,707$125,417$119,449$113,785$108,410$90,799
6 years$108,655$102,413$96,532$90,995$85,781$69,026
7 years$92,195$86,006$80,219$74,812$69,763$53,862
8 years$79,857$73,723$68,032$62,758$57,875$42,819
9 years$70,265$64,189$58,596$53,456$48,739$34,512
10 years$62,596$56,580$51,085$46,079$41,528$28,110
11 years$56,325$50,370$44,975$40,103$35,716$23,083
12 years$51,104$45,209$39,914$35,176$30,950$19,077
13 years$46,689$40,856$35,660$31,055$26,989$15,849
14 years$42,908$37,137$32,041$27,567$23,659$13,222
15 years$39,634$33,925$28,929$24,585$20,831$11,068
16 years$36,772$31,126$26,228$22,013$18,411$9,291
17 years$34,250$28,665$23,867$19,779$16,324$7,818
18 years$32,010$26,488$21,787$17,824$14,515$6,591
19 years$30,008$24,549$19,945$16,106$12,937$5,565
20 years$28,209$22,812$18,305$14,587$11,556$4,706
21 years$26,583$21,249$16,837$13,239$10,341$3,983
22 years$25,107$19,835$15,518$12,037$9,269$3,375
23 years$23,762$18,551$14,328$10,962$8,321$2,862
24 years$22,530$17,381$13,251$9,998$7,479$2,429
25 years$21,399$16,311$12,273$9,131$6,730$2,062
26 years$20,356$15,330$11,382$8,349$6,062$1,752
27 years$19,392$14,427$10,570$7,642$5,465$1,489
28 years$18,499$13,595$9,826$7,002$4,931$1,265
29 years$17,669$12,825$9,144$6,421$4,453$1,076
30 years$16,895$12,112$8,517$5,893$4,024$915
31 years$16,173$11,450$7,940$5,412$3,638$779
32 years$15,497$10,834$7,408$4,974$3,291$663
33 years$14,864$10,260$6,917$4,574$2,978$564
34 years$14,269$9,724$6,463$4,208$2,696$480
35 years$13,710$9,223$6,042$3,874$2,442$409
36 years$13,182$8,754$5,653$3,568$2,213$348
37 years$12,685$8,314$5,291$3,287$2,005$296
38 years$12,214$7,902$4,955$3,030$1,818$252
39 years$11,769$7,514$4,642$2,794$1,649$215
40 years$11,347$7,149$4,351$2,577$1,495$183
41 years$10,947$6,805$4,080$2,377$1,357$156
42 years$10,567$6,481$3,827$2,194$1,231$133
43 years$10,206$6,175$3,591$2,025$1,117$113
44 years$9,862$5,886$3,371$1,870$1,014$96
45 years$9,534$5,613$3,165$1,727$921$82
46 years$9,221$5,354$2,973$1,595$836$70
47 years$8,923$5,110$2,793$1,474$759$59
48 years$8,637$4,878$2,624$1,362$689$51
49 years$8,365$4,658$2,467$1,259$626$43
50 years$8,104$4,450$2,319$1,163$569$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $8,300,000, adding $5,285 every year, while hoping to spend $48,217 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: 53/28/19 Blend
74$8,300,000$8,300,000$8,300,000$8,300,000
75$9,152,051$8,712,151$8,583,501$9,589,375
76$10,034,258$9,087,744$8,819,746$10,265,554
77$11,004,834$9,480,125$9,062,289$10,995,426
78$12,072,742$9,890,066$9,311,290$11,788,574
79$13,247,856$10,318,374$9,566,914$12,651,038
80$14,541,059$10,765,896$9,829,327$13,589,452
81$15,964,339$11,233,517$10,098,701$14,611,114
82$17,530,907$11,722,164$10,375,213$15,724,046
83$19,255,318$12,232,809$10,659,041$16,937,070
84$21,153,610$12,766,467$10,950,369$18,259,889
85$23,243,458$13,324,203$11,249,386$19,703,173
86$25,544,334$13,907,132$11,556,283$21,278,663
87$28,077,695$14,516,421$11,871,258$22,999,272
88$30,867,186$15,153,292$12,194,512$24,879,208
89$33,938,861$15,819,025$12,526,249$26,934,105
90$37,321,428$16,514,960$12,866,682$29,181,165
91$41,046,522$17,242,502$13,216,024$31,639,321
92$45,149,003$18,003,119$13,574,496$34,329,406
93$49,667,282$18,798,353$13,942,323$37,274,354
94$54,643,687$19,629,815$14,319,733$40,499,403
95$60,124,862$20,499,195$14,706,963$44,032,340
96$66,162,204$21,408,261$15,104,252$47,903,750
97$72,812,349$22,358,866$15,511,845$52,147,306
98$80,137,710$23,352,952$15,929,993$56,800,078
99$88,207,060$24,392,550$16,358,951$61,902,883
100$97,096,186$25,479,791$16,798,982$67,500,662