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%16.4%
1 years$701,922$695,670$689,570$683,616$677,802$660,077
2 years$347,486$341,015$334,743$328,661$322,763$305,027
3 years$229,356$222,857$216,601$210,577$204,774$187,581
4 years$170,303$163,823$157,630$151,709$146,047$129,529
5 years$134,880$128,439$122,327$116,527$111,022$95,225
6 years$111,273$104,880$98,859$93,187$87,848$72,788
7 years$94,417$88,078$82,152$76,614$71,444$57,121
8 years$81,781$75,500$69,671$64,270$59,270$45,677
9 years$71,958$65,736$60,008$54,744$49,914$37,040
10 years$64,104$57,943$52,316$47,190$42,529$30,357
11 years$57,683$51,583$46,058$41,069$36,576$25,089
12 years$52,335$46,298$40,876$36,023$31,696$20,873
13 years$47,814$41,840$36,520$31,803$27,640$17,457
14 years$43,942$38,032$32,813$28,231$24,229$14,665
15 years$40,589$34,743$29,626$25,177$21,333$12,363
16 years$37,658$31,876$26,860$22,544$18,854$10,453
17 years$35,075$29,356$24,442$20,255$16,717$8,859
18 years$32,781$27,126$22,312$18,254$14,864$7,524
19 years$30,731$25,141$20,426$16,494$13,249$6,402
20 years$28,889$23,362$18,746$14,939$11,834$5,454
21 years$27,224$21,761$17,242$13,558$10,590$4,653
22 years$25,712$20,313$15,892$12,327$9,493$3,973
23 years$24,334$18,998$14,673$11,226$8,521$3,396
24 years$23,073$17,800$13,570$10,239$7,659$2,904
25 years$21,914$16,704$12,569$9,351$6,892$2,486
26 years$20,847$15,699$11,657$8,550$6,208$2,129
27 years$19,860$14,775$10,824$7,826$5,597$1,824
28 years$18,945$13,922$10,063$7,170$5,050$1,563
29 years$18,094$13,134$9,364$6,575$4,560$1,340
30 years$17,302$12,404$8,722$6,035$4,121$1,149
31 years$16,563$11,726$8,132$5,542$3,725$986
32 years$15,871$11,095$7,587$5,093$3,370$846
33 years$15,222$10,507$7,084$4,684$3,050$726
34 years$14,613$9,958$6,619$4,310$2,761$623
35 years$14,040$9,445$6,188$3,967$2,501$535
36 years$13,500$8,965$5,789$3,654$2,266$459
37 years$12,990$8,515$5,418$3,366$2,054$394
38 years$12,509$8,092$5,074$3,103$1,862$339
39 years$12,053$7,695$4,754$2,861$1,688$291
40 years$11,621$7,321$4,456$2,639$1,531$250
41 years$11,211$6,969$4,178$2,435$1,389$214
42 years$10,822$6,637$3,919$2,247$1,261$184
43 years$10,452$6,324$3,678$2,074$1,144$158
44 years$10,099$6,028$3,452$1,915$1,039$136
45 years$9,763$5,748$3,241$1,769$943$117
46 years$9,443$5,483$3,044$1,634$856$100
47 years$9,138$5,233$2,860$1,509$777$86
48 years$8,846$4,995$2,688$1,395$706$74
49 years$8,566$4,770$2,526$1,289$641$64
50 years$8,299$4,557$2,375$1,191$582$55

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 $4,338 every year, while hoping to spend $25,972 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: 59/30/11 Blend
74$8,500,000$8,500,000$8,500,000$8,500,000
75$9,371,475$8,920,975$8,789,225$9,899,428
76$10,299,731$9,330,468$9,056,030$10,664,683
77$11,321,799$9,759,157$9,330,902$11,495,437
78$12,447,220$10,207,953$9,614,085$12,400,664
79$13,686,508$10,677,814$9,905,828$13,387,529
80$15,051,248$11,169,743$10,206,390$14,463,910
81$16,554,206$11,684,791$10,516,034$15,638,468
82$18,209,449$12,224,060$10,835,036$16,920,728
83$20,032,479$12,788,705$11,163,675$18,321,162
84$22,040,376$13,379,936$11,502,242$19,851,292
85$24,251,963$13,999,021$11,851,036$21,523,788
86$26,687,981$14,647,291$12,210,364$23,352,589
87$29,371,286$15,326,139$12,580,542$25,353,031
88$32,327,063$16,037,026$12,961,896$27,541,985
89$35,583,067$16,781,484$13,354,763$29,938,017
90$39,169,881$17,561,118$13,759,488$32,561,556
91$43,121,206$18,377,609$14,176,428$35,435,083
92$47,474,179$19,232,723$14,605,950$38,583,343
93$52,269,727$20,128,308$15,048,430$42,033,568
94$57,552,945$21,066,301$15,504,259$45,815,735
95$63,373,531$22,048,735$15,973,837$49,962,838
96$69,786,247$23,077,739$16,457,576$54,511,203
97$76,851,441$24,155,545$16,955,902$59,500,816
98$84,635,616$25,284,495$17,469,253$64,975,703
99$93,212,055$26,467,041$17,998,078$70,984,333
100$102,661,513$27,705,755$18,542,843$77,580,077