Can I retire at age 75 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$701,922$695,670$689,570$683,616$677,802$674,096
2 years$347,486$341,015$334,743$328,661$322,763$319,023
3 years$229,356$222,857$216,601$210,577$204,774$201,116
4 years$170,303$163,823$157,630$151,709$146,047$142,499
5 years$134,880$128,439$122,327$116,527$111,022$107,596
6 years$111,273$104,880$98,859$93,187$87,848$84,547
7 years$94,417$88,078$82,152$76,614$71,444$68,270
8 years$81,781$75,500$69,671$64,270$59,270$56,223
9 years$71,958$65,736$60,008$54,744$49,914$46,993
10 years$64,104$57,943$52,316$47,190$42,529$39,733
11 years$57,683$51,583$46,058$41,069$36,576$33,904
12 years$52,335$46,298$40,876$36,023$31,696$29,145
13 years$47,814$41,840$36,520$31,803$27,640$25,206
14 years$43,942$38,032$32,813$28,231$24,229$21,911
15 years$40,589$34,743$29,626$25,177$21,333$19,128
16 years$37,658$31,876$26,860$22,544$18,854$16,759
17 years$35,075$29,356$24,442$20,255$16,717$14,728
18 years$32,781$27,126$22,312$18,254$14,864$12,978
19 years$30,731$25,141$20,426$16,494$13,249$11,462
20 years$28,889$23,362$18,746$14,939$11,834$10,144
21 years$27,224$21,761$17,242$13,558$10,590$8,992
22 years$25,712$20,313$15,892$12,327$9,493$7,983
23 years$24,334$18,998$14,673$11,226$8,521$7,097
24 years$23,073$17,800$13,570$10,239$7,659$6,317
25 years$21,914$16,704$12,569$9,351$6,892$5,628
26 years$20,847$15,699$11,657$8,550$6,208$5,019
27 years$19,860$14,775$10,824$7,826$5,597$4,480
28 years$18,945$13,922$10,063$7,170$5,050$4,001
29 years$18,094$13,134$9,364$6,575$4,560$3,576
30 years$17,302$12,404$8,722$6,035$4,121$3,197
31 years$16,563$11,726$8,132$5,542$3,725$2,861
32 years$15,871$11,095$7,587$5,093$3,370$2,560
33 years$15,222$10,507$7,084$4,684$3,050$2,293
34 years$14,613$9,958$6,619$4,310$2,761$2,054
35 years$14,040$9,445$6,188$3,967$2,501$1,840
36 years$13,500$8,965$5,789$3,654$2,266$1,649
37 years$12,990$8,515$5,418$3,366$2,054$1,479
38 years$12,509$8,092$5,074$3,103$1,862$1,326
39 years$12,053$7,695$4,754$2,861$1,688$1,189
40 years$11,621$7,321$4,456$2,639$1,531$1,067
41 years$11,211$6,969$4,178$2,435$1,389$957
42 years$10,822$6,637$3,919$2,247$1,261$859
43 years$10,452$6,324$3,678$2,074$1,144$771
44 years$10,099$6,028$3,452$1,915$1,039$692
45 years$9,763$5,748$3,241$1,769$943$621
46 years$9,443$5,483$3,044$1,634$856$557
47 years$9,138$5,233$2,860$1,509$777$500
48 years$8,846$4,995$2,688$1,395$706$449
49 years$8,566$4,770$2,526$1,289$641$403
50 years$8,299$4,557$2,375$1,191$582$362

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $8,500,000, adding $2,459 every year, while hoping to spend $40,524 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: 54/40/6 Blend
74$8,500,000$8,500,000$8,500,000$8,500,000
75$9,369,536$8,919,036$8,787,286$9,862,757
76$10,282,112$9,312,952$9,038,543$10,590,181
77$11,286,412$9,724,811$9,296,859$11,376,758
78$12,391,750$10,155,451$9,562,428$12,231,794
79$13,608,387$10,605,746$9,835,447$13,161,775
80$14,947,630$11,076,616$10,116,123$14,173,828
81$16,421,938$11,569,020$10,404,663$15,275,782
82$18,045,040$12,083,966$10,701,284$16,476,244
83$19,832,063$12,622,509$11,006,205$17,784,672
84$21,799,674$13,185,753$11,319,654$19,211,461
85$23,966,241$13,774,855$11,641,862$20,768,043
86$26,352,002$14,391,027$11,973,069$22,466,983
87$28,979,259$15,035,540$12,313,519$24,322,102
88$31,872,585$15,709,724$12,663,465$26,348,597
89$35,059,061$16,414,972$13,023,162$28,563,183
90$38,568,524$17,152,745$13,392,877$30,984,246
91$42,433,856$17,924,571$13,772,881$33,632,011
92$46,691,289$18,732,055$14,163,452$36,528,729
93$51,380,749$19,576,874$14,564,876$39,698,883
94$56,546,233$20,460,789$14,977,447$43,169,409
95$62,236,223$21,385,641$15,401,466$46,969,952
96$68,504,143$22,353,364$15,837,241$51,133,133
97$75,408,866$23,365,979$16,285,088$55,694,853
98$83,015,265$24,425,607$16,745,334$60,694,629
99$91,394,830$25,534,469$17,218,311$66,175,954
100$100,626,339$26,694,895$17,704,360$72,186,708