Can I retire at age 75 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$726,696$720,223$713,907$707,743$701,724$690,953
2 years$359,750$353,050$346,557$340,261$334,154$323,328
3 years$237,451$230,722$224,245$218,009$212,001$201,458
4 years$176,314$169,605$163,193$157,063$151,201$141,021
5 years$139,641$132,973$126,645$120,639$114,941$105,153
6 years$115,200$108,582$102,348$96,476$90,949$81,566
7 years$97,749$91,187$85,051$79,318$73,966$64,990
8 years$84,667$78,164$72,130$66,538$61,362$52,792
9 years$74,498$68,056$62,126$56,676$51,675$43,507
10 years$66,367$59,988$54,163$48,855$44,030$36,257
11 years$59,718$53,404$47,684$42,519$37,867$30,482
12 years$54,182$47,932$42,318$37,295$32,815$25,808
13 years$49,501$43,317$37,809$32,925$28,615$21,976
14 years$45,493$39,374$33,971$29,228$25,084$18,802
15 years$42,022$35,969$30,671$26,066$22,086$16,150
16 years$38,987$33,001$27,808$23,339$19,520$13,918
17 years$36,313$30,392$25,304$20,970$17,307$12,028
18 years$33,938$28,084$23,100$18,898$15,389$10,419
19 years$31,816$26,028$21,147$17,076$13,717$9,044
20 years$29,908$24,186$19,407$15,466$12,252$7,864
21 years$28,185$22,529$17,851$14,036$10,964$6,847
22 years$26,620$21,030$16,452$12,762$9,828$5,970
23 years$25,193$19,669$15,191$11,623$8,822$5,211
24 years$23,887$18,428$14,049$10,601$7,929$4,553
25 years$22,688$17,294$13,012$9,681$7,135$3,982
26 years$21,582$16,254$12,068$8,852$6,427$3,484
27 years$20,560$15,296$11,206$8,102$5,795$3,051
28 years$19,613$14,414$10,418$7,423$5,229$2,673
29 years$18,733$13,598$9,695$6,807$4,721$2,343
30 years$17,913$12,842$9,030$6,248$4,266$2,054
31 years$17,147$12,140$8,419$5,738$3,857$1,802
32 years$16,431$11,487$7,855$5,273$3,489$1,581
33 years$15,760$10,878$7,334$4,849$3,157$1,388
34 years$15,129$10,310$6,852$4,462$2,859$1,219
35 years$14,536$9,779$6,407$4,107$2,589$1,070
36 years$13,976$9,281$5,993$3,783$2,346$940
37 years$13,449$8,815$5,609$3,485$2,126$826
38 years$12,950$8,378$5,253$3,212$1,928$725
39 years$12,478$7,966$4,922$2,962$1,748$637
40 years$12,031$7,579$4,613$2,732$1,585$560
41 years$11,607$7,215$4,325$2,521$1,438$492
42 years$11,204$6,871$4,057$2,326$1,305$433
43 years$10,820$6,547$3,807$2,147$1,185$380
44 years$10,456$6,240$3,574$1,983$1,075$334
45 years$10,108$5,951$3,356$1,831$976$294
46 years$9,777$5,677$3,152$1,691$886$258
47 years$9,460$5,417$2,961$1,563$805$227
48 years$9,158$5,172$2,783$1,444$731$200
49 years$8,869$4,939$2,615$1,335$664$176
50 years$8,592$4,718$2,459$1,233$603$154

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $8,800,000, adding $5,391 every year, while hoping to spend $53,955 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: 43/47/10 Blend
74$8,800,000$8,800,000$8,800,000$8,800,000
75$9,703,161$9,236,761$9,100,361$10,092,072
76$10,635,476$9,631,954$9,347,815$10,758,698
77$11,661,078$10,044,704$9,601,751$11,474,559
78$12,789,427$10,475,813$9,862,328$12,248,850
79$14,030,943$10,926,123$10,129,711$13,086,940
80$15,397,109$11,396,513$10,404,066$13,994,722
81$16,900,577$11,887,904$10,685,565$14,978,663
82$18,555,286$12,401,263$10,974,383$16,045,862
83$20,376,599$12,937,598$11,270,697$17,204,115
84$22,381,438$13,497,966$11,574,692$18,461,982
85$24,588,453$14,083,475$11,886,552$19,828,866
86$27,018,193$14,695,283$12,206,470$21,315,093
87$29,693,300$15,334,604$12,534,638$22,932,014
88$32,638,726$16,002,708$12,871,257$24,692,096
89$35,881,960$16,700,925$13,216,529$26,609,046
90$39,453,299$17,430,649$13,570,661$28,697,926
91$43,386,122$18,193,338$13,933,865$30,975,295
92$47,717,214$18,990,519$14,306,357$33,459,359
93$52,487,107$19,823,791$14,688,357$36,170,138
94$57,740,465$20,694,830$15,080,091$39,129,643
95$63,526,506$21,605,390$15,481,787$42,362,087
96$69,899,462$22,557,307$15,893,680$45,894,098
97$76,919,098$23,552,506$16,316,009$49,754,969
98$84,651,268$24,593,001$16,749,017$53,976,926
99$93,168,542$25,680,903$17,192,954$58,595,422
100$102,550,888$26,818,421$17,648,072$63,649,466