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

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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.
1 years$718,438$712,038$705,795$699,701$693,750$681,137
2 years$355,662$349,038$342,619$336,395$330,357$317,694
3 years$234,753$228,100$221,697$215,531$209,592$197,274
4 years$174,310$167,678$161,339$155,278$149,483$137,605
5 years$138,054$131,462$125,205$119,269$113,635$102,231
6 years$113,891$107,348$101,185$95,380$89,915$78,998
7 years$96,638$90,151$84,085$78,417$73,125$62,698
8 years$83,705$77,276$71,311$65,782$60,664$50,725
9 years$73,651$67,283$61,420$56,032$51,088$41,630
10 years$65,612$59,306$53,547$48,300$43,530$34,544
11 years$59,040$52,797$47,142$42,035$37,437$28,914
12 years$53,566$47,388$41,837$36,871$32,442$24,370
13 years$48,939$42,825$37,379$32,551$28,290$20,657
14 years$44,976$38,926$33,585$28,895$24,799$17,590
15 years$41,544$35,560$30,323$25,770$21,835$15,037
16 years$38,544$32,626$27,492$23,074$19,298$12,895
17 years$35,900$30,047$25,017$20,732$17,111$11,088
18 years$33,553$27,765$22,837$18,683$15,214$9,557
19 years$31,454$25,732$20,906$16,882$13,561$8,253
20 years$29,569$23,911$19,187$15,290$12,113$7,138
21 years$27,864$22,273$17,648$13,877$10,839$6,183
22 years$26,317$20,791$16,265$12,617$9,716$5,362
23 years$24,907$19,445$15,018$11,491$8,722$4,655
24 years$23,616$18,219$13,889$10,480$7,839$4,045
25 years$22,430$17,097$12,864$9,571$7,054$3,518
26 years$21,337$16,069$11,931$8,751$6,354$3,061
27 years$20,327$15,123$11,079$8,010$5,729$2,665
28 years$19,390$14,250$10,299$7,339$5,169$2,322
29 years$18,520$13,443$9,584$6,730$4,668$2,024
30 years$17,709$12,696$8,928$6,177$4,217$1,764
31 years$16,953$12,002$8,323$5,673$3,813$1,539
32 years$16,244$11,356$7,765$5,213$3,449$1,342
33 years$15,580$10,754$7,251$4,794$3,121$1,171
34 years$14,957$10,193$6,775$4,411$2,826$1,022
35 years$14,370$9,668$6,334$4,061$2,560$893
36 years$13,818$9,176$5,925$3,740$2,319$779
37 years$13,296$8,715$5,546$3,446$2,102$681
38 years$12,803$8,282$5,193$3,176$1,906$594
39 years$12,336$7,876$4,866$2,928$1,728$519
40 years$11,894$7,493$4,561$2,701$1,567$453
41 years$11,475$7,133$4,276$2,492$1,422$396
42 years$11,076$6,793$4,011$2,300$1,290$346
43 years$10,697$6,472$3,764$2,123$1,171$302
44 years$10,337$6,169$3,533$1,960$1,063$264
45 years$9,993$5,883$3,318$1,810$965$231
46 years$9,665$5,612$3,116$1,672$876$202
47 years$9,353$5,356$2,927$1,545$796$176
48 years$9,054$5,113$2,751$1,428$723$154
49 years$8,768$4,883$2,586$1,319$656$135
50 years$8,494$4,664$2,431$1,219$596$118

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 $2,455 every year, while hoping to spend $49,680 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: 81/11/8 Blend