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

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$726,696$720,223$713,907$707,743$701,724$687,837
2 years$359,750$353,050$346,557$340,261$334,154$320,222
3 years$237,451$230,722$224,245$218,009$212,001$198,458
4 years$176,314$169,605$163,193$157,063$151,201$138,152
5 years$139,641$132,973$126,645$120,639$114,941$102,422
6 years$115,200$108,582$102,348$96,476$90,949$78,974
7 years$97,749$91,187$85,051$79,318$73,966$62,538
8 years$84,667$78,164$72,130$66,538$61,362$50,478
9 years$74,498$68,056$62,126$56,676$51,675$41,328
10 years$66,367$59,988$54,163$48,855$44,030$34,210
11 years$59,718$53,404$47,684$42,519$37,867$28,562
12 years$54,182$47,932$42,318$37,295$32,815$24,011
13 years$49,501$43,317$37,809$32,925$28,615$20,299
14 years$45,493$39,374$33,971$29,228$25,084$17,239
15 years$42,022$35,969$30,671$26,066$22,086$14,695
16 years$38,987$33,001$27,808$23,339$19,520$12,567
17 years$36,313$30,392$25,304$20,970$17,307$10,775
18 years$33,938$28,084$23,100$18,898$15,389$9,260
19 years$31,816$26,028$21,147$17,076$13,717$7,973
20 years$29,908$24,186$19,407$15,466$12,252$6,875
21 years$28,185$22,529$17,851$14,036$10,964$5,937
22 years$26,620$21,030$16,452$12,762$9,828$5,133
23 years$25,193$19,669$15,191$11,623$8,822$4,443
24 years$23,887$18,428$14,049$10,601$7,929$3,848
25 years$22,688$17,294$13,012$9,681$7,135$3,336
26 years$21,582$16,254$12,068$8,852$6,427$2,894
27 years$20,560$15,296$11,206$8,102$5,795$2,511
28 years$19,613$14,414$10,418$7,423$5,229$2,181
29 years$18,733$13,598$9,695$6,807$4,721$1,894
30 years$17,913$12,842$9,030$6,248$4,266$1,646
31 years$17,147$12,140$8,419$5,738$3,857$1,431
32 years$16,431$11,487$7,855$5,273$3,489$1,244
33 years$15,760$10,878$7,334$4,849$3,157$1,082
34 years$15,129$10,310$6,852$4,462$2,859$941
35 years$14,536$9,779$6,407$4,107$2,589$819
36 years$13,976$9,281$5,993$3,783$2,346$713
37 years$13,449$8,815$5,609$3,485$2,126$620
38 years$12,950$8,378$5,253$3,212$1,928$540
39 years$12,478$7,966$4,922$2,962$1,748$470
40 years$12,031$7,579$4,613$2,732$1,585$409
41 years$11,607$7,215$4,325$2,521$1,438$356
42 years$11,204$6,871$4,057$2,326$1,305$310
43 years$10,820$6,547$3,807$2,147$1,185$270
44 years$10,456$6,240$3,574$1,983$1,075$235
45 years$10,108$5,951$3,356$1,831$976$205
46 years$9,777$5,677$3,152$1,691$886$178
47 years$9,460$5,417$2,961$1,563$805$155
48 years$9,158$5,172$2,783$1,444$731$135
49 years$8,869$4,939$2,615$1,335$664$118
50 years$8,592$4,718$2,459$1,233$603$103

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 $6,729 every year, while hoping to spend $50,885 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: 27/49/24 Blend
74$8,800,000$8,800,000$8,800,000$8,800,000
75$9,704,541$9,238,141$9,101,741$9,893,168
76$10,640,263$9,636,669$9,352,508$10,442,270
77$11,669,723$10,053,019$9,609,970$11,026,546
78$12,802,429$10,488,011$9,874,299$11,652,831
79$14,048,856$10,942,503$10,145,667$12,324,725
80$15,420,547$11,417,393$10,424,255$13,046,169
81$16,930,220$11,913,623$10,710,244$13,821,475
82$18,591,888$12,432,176$11,003,823$14,655,368
83$20,420,992$12,974,084$11,305,183$15,553,017
84$22,434,546$13,540,426$11,614,518$16,520,089
85$24,651,296$14,132,334$11,932,032$17,562,794
86$27,091,900$14,750,990$12,257,927$18,687,936
87$29,779,121$15,397,635$12,592,414$19,902,978
88$32,738,039$16,073,567$12,935,707$21,216,104
89$35,996,292$16,780,145$13,288,027$22,636,290
90$39,584,335$17,518,793$13,649,597$24,173,384
91$43,535,725$18,291,002$14,020,646$25,838,196
92$47,887,442$19,098,334$14,401,410$27,642,589
93$52,680,232$19,942,423$14,792,129$29,599,587
94$57,958,997$20,824,984$15,193,047$31,723,492
95$63,773,217$21,747,810$15,604,416$34,030,010
96$70,177,412$22,712,779$16,026,491$36,536,393
97$77,231,663$23,721,861$16,459,534$39,261,594
98$85,002,178$24,777,117$16,903,813$42,226,439
99$93,561,911$25,880,707$17,359,601$45,453,812
100$102,991,256$27,034,891$17,827,178$48,968,867