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%17.1%
1 years$685,406$679,301$673,344$667,531$661,854$642,728
2 years$339,310$332,991$326,866$320,928$315,168$296,052
3 years$223,960$217,613$211,504$205,622$199,956$181,447
4 years$166,296$159,969$153,921$148,139$142,610$124,851
5 years$131,707$125,417$119,449$113,785$108,410$91,449
6 years$108,655$102,413$96,532$90,995$85,781$69,634
7 years$92,195$86,006$80,219$74,812$69,763$54,430
8 years$79,857$73,723$68,032$62,758$57,875$43,346
9 years$70,265$64,189$58,596$53,456$48,739$35,001
10 years$62,596$56,580$51,085$46,079$41,528$28,561
11 years$56,325$50,370$44,975$40,103$35,716$23,499
12 years$51,104$45,209$39,914$35,176$30,950$19,460
13 years$46,689$40,856$35,660$31,055$26,989$16,199
14 years$42,908$37,137$32,041$27,567$23,659$13,542
15 years$39,634$33,925$28,929$24,585$20,831$11,360
16 years$36,772$31,126$26,228$22,013$18,411$9,557
17 years$34,250$28,665$23,867$19,779$16,324$8,059
18 years$32,010$26,488$21,787$17,824$14,515$6,809
19 years$30,008$24,549$19,945$16,106$12,937$5,763
20 years$28,209$22,812$18,305$14,587$11,556$4,884
21 years$26,583$21,249$16,837$13,239$10,341$4,144
22 years$25,107$19,835$15,518$12,037$9,269$3,519
23 years$23,762$18,551$14,328$10,962$8,321$2,991
24 years$22,530$17,381$13,251$9,998$7,479$2,544
25 years$21,399$16,311$12,273$9,131$6,730$2,166
26 years$20,356$15,330$11,382$8,349$6,062$1,844
27 years$19,392$14,427$10,570$7,642$5,465$1,571
28 years$18,499$13,595$9,826$7,002$4,931$1,339
29 years$17,669$12,825$9,144$6,421$4,453$1,141
30 years$16,895$12,112$8,517$5,893$4,024$973
31 years$16,173$11,450$7,940$5,412$3,638$830
32 years$15,497$10,834$7,408$4,974$3,291$708
33 years$14,864$10,260$6,917$4,574$2,978$604
34 years$14,269$9,724$6,463$4,208$2,696$515
35 years$13,710$9,223$6,042$3,874$2,442$440
36 years$13,182$8,754$5,653$3,568$2,213$375
37 years$12,685$8,314$5,291$3,287$2,005$320
38 years$12,214$7,902$4,955$3,030$1,818$273
39 years$11,769$7,514$4,642$2,794$1,649$233
40 years$11,347$7,149$4,351$2,577$1,495$199
41 years$10,947$6,805$4,080$2,377$1,357$170
42 years$10,567$6,481$3,827$2,194$1,231$145
43 years$10,206$6,175$3,591$2,025$1,117$124
44 years$9,862$5,886$3,371$1,870$1,014$106
45 years$9,534$5,613$3,165$1,727$921$90
46 years$9,221$5,354$2,973$1,595$836$77
47 years$8,923$5,110$2,793$1,474$759$66
48 years$8,637$4,878$2,624$1,362$689$56
49 years$8,365$4,658$2,467$1,259$626$48
50 years$8,104$4,450$2,319$1,163$569$41

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 $5,950 every year, while hoping to spend $51,013 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: 56/33/11 Blend
74$8,300,000$8,300,000$8,300,000$8,300,000
75$9,152,737$8,712,837$8,584,187$9,639,881
76$10,032,039$9,085,489$8,817,480$10,342,689
77$10,999,320$9,474,691$9,056,879$11,101,695
78$12,063,500$9,881,200$9,302,533$11,927,206
79$13,234,407$10,305,809$9,554,598$12,825,579
80$14,522,870$10,749,347$9,813,231$13,803,802
81$15,940,821$11,212,683$10,078,592$14,869,557
82$17,501,406$11,696,726$10,350,847$16,031,292
83$19,219,112$12,202,428$10,630,162$17,298,294
84$21,109,899$12,730,785$10,916,710$18,680,777
85$23,191,355$13,282,840$11,210,667$20,189,978
86$25,482,860$13,859,685$11,512,210$21,838,253
87$28,005,767$14,462,465$11,821,524$23,639,197
88$30,783,605$15,092,376$12,138,796$25,607,767
89$33,842,302$15,750,671$12,464,215$27,760,418
90$37,210,427$16,438,665$12,797,977$30,115,259
91$40,919,462$17,157,731$13,140,280$32,692,216
92$45,004,096$17,909,309$13,491,328$35,513,217
93$49,502,555$18,694,905$13,851,328$38,602,399
94$54,456,959$19,516,099$14,220,492$41,986,325
95$59,913,725$20,374,544$14,599,034$45,694,237
96$65,923,999$21,271,971$14,987,176$49,758,322
97$72,544,141$22,210,192$15,385,141$54,214,016
98$79,836,259$23,191,106$15,793,158$59,100,328
99$87,868,790$24,216,703$16,211,462$64,460,210
100$96,717,150$25,289,065$16,640,289$70,340,949