Can I retire at age 75 with 8,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$718,438$712,038$705,795$699,701$693,750$687,650
2 years$355,662$349,038$342,619$336,395$330,357$324,210
3 years$234,753$228,100$221,697$215,531$209,592$203,589
4 years$174,310$167,678$161,339$155,278$149,483$143,669
5 years$138,054$131,462$125,205$119,269$113,635$108,028
6 years$113,891$107,348$101,185$95,380$89,915$84,523
7 years$96,638$90,151$84,085$78,417$73,125$67,949
8 years$83,705$77,276$71,311$65,782$60,664$55,704
9 years$73,651$67,283$61,420$56,032$51,088$46,343
10 years$65,612$59,306$53,547$48,300$43,530$38,996
11 years$59,040$52,797$47,142$42,035$37,437$33,112
12 years$53,566$47,388$41,837$36,871$32,442$28,321
13 years$48,939$42,825$37,379$32,551$28,290$24,369
14 years$44,976$38,926$33,585$28,895$24,799$21,072
15 years$41,544$35,560$30,323$25,770$21,835$18,298
16 years$38,544$32,626$27,492$23,074$19,298$15,944
17 years$35,900$30,047$25,017$20,732$17,111$13,935
18 years$33,553$27,765$22,837$18,683$15,214$12,210
19 years$31,454$25,732$20,906$16,882$13,561$10,722
20 years$29,569$23,911$19,187$15,290$12,113$9,434
21 years$27,864$22,273$17,648$13,877$10,839$8,314
22 years$26,317$20,791$16,265$12,617$9,716$7,337
23 years$24,907$19,445$15,018$11,491$8,722$6,484
24 years$23,616$18,219$13,889$10,480$7,839$5,735
25 years$22,430$17,097$12,864$9,571$7,054$5,079
26 years$21,337$16,069$11,931$8,751$6,354$4,501
27 years$20,327$15,123$11,079$8,010$5,729$3,992
28 years$19,390$14,250$10,299$7,339$5,169$3,542
29 years$18,520$13,443$9,584$6,730$4,668$3,146
30 years$17,709$12,696$8,928$6,177$4,217$2,795
31 years$16,953$12,002$8,323$5,673$3,813$2,484
32 years$16,244$11,356$7,765$5,213$3,449$2,209
33 years$15,580$10,754$7,251$4,794$3,121$1,965
34 years$14,957$10,193$6,775$4,411$2,826$1,748
35 years$14,370$9,668$6,334$4,061$2,560$1,556
36 years$13,818$9,176$5,925$3,740$2,319$1,385
37 years$13,296$8,715$5,546$3,446$2,102$1,233
38 years$12,803$8,282$5,193$3,176$1,906$1,099
39 years$12,336$7,876$4,866$2,928$1,728$979
40 years$11,894$7,493$4,561$2,701$1,567$872
41 years$11,475$7,133$4,276$2,492$1,422$777
42 years$11,076$6,793$4,011$2,300$1,290$692
43 years$10,697$6,472$3,764$2,123$1,171$617
44 years$10,337$6,169$3,533$1,960$1,063$550
45 years$9,993$5,883$3,318$1,810$965$490
46 years$9,665$5,612$3,116$1,672$876$437
47 years$9,353$5,356$2,927$1,545$796$390
48 years$9,054$5,113$2,751$1,428$723$347
49 years$8,768$4,883$2,586$1,319$656$310
50 years$8,494$4,664$2,431$1,219$596$276

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $8,700,000, adding $3,445 every year, while hoping to spend $29,651 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: 30/45/25 Blend
74$8,700,000$8,700,000$8,700,000$8,700,000
75$9,590,954$9,129,854$8,995,004$9,804,384
76$10,537,682$9,545,668$9,264,788$10,385,505
77$11,579,984$9,980,863$9,542,616$11,007,368
78$12,727,575$10,436,358$9,828,726$11,675,765
79$13,991,163$10,913,115$10,123,364$12,394,752
80$15,382,546$11,412,143$10,426,781$13,168,771
81$16,914,725$11,934,497$10,739,238$14,002,686
82$18,602,026$12,481,287$11,061,002$14,901,827
83$20,460,235$13,053,672$11,392,347$15,872,029
84$22,506,747$13,652,869$11,733,558$16,919,693
85$24,760,729$14,280,154$12,084,926$18,051,831
86$27,243,303$14,936,861$12,446,751$19,276,136
87$29,977,745$15,624,392$12,819,343$20,601,042
88$32,989,702$16,344,215$13,203,018$22,035,805
89$36,307,437$17,097,866$13,598,104$23,590,578
90$39,962,093$17,886,960$14,004,938$25,276,505
91$43,987,991$18,713,185$14,423,868$27,105,821
92$48,422,947$19,578,312$14,855,249$29,091,956
93$53,308,637$20,484,199$15,299,449$31,249,658
94$58,690,983$21,432,790$15,756,846$33,595,127
95$64,620,592$22,426,125$16,227,829$36,146,156
96$71,153,230$23,466,343$16,712,798$38,922,294
97$78,350,349$24,555,683$17,212,166$41,945,021
98$86,279,667$25,696,494$17,726,357$45,237,945
99$95,015,811$26,891,240$18,255,807$48,827,010
100$104,641,012$28,142,500$18,800,966$52,740,738