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%16.1%
1 years$726,696$720,223$713,907$707,743$701,724$684,205
2 years$359,750$353,050$346,557$340,261$334,154$316,615
3 years$237,451$230,722$224,245$218,009$212,001$194,990
4 years$176,314$169,605$163,193$157,063$151,201$134,849
5 years$139,641$132,973$126,645$120,639$114,941$99,293
6 years$115,200$108,582$102,348$96,476$90,949$76,021
7 years$97,749$91,187$85,051$79,318$73,966$59,760
8 years$84,667$78,164$72,130$66,538$61,362$47,872
9 years$74,498$68,056$62,126$56,676$51,675$38,889
10 years$66,367$59,988$54,163$48,855$44,030$31,933
11 years$59,718$53,404$47,684$42,519$37,867$26,442
12 years$54,182$47,932$42,318$37,295$32,815$22,041
13 years$49,501$43,317$37,809$32,925$28,615$18,472
14 years$45,493$39,374$33,971$29,228$25,084$15,549
15 years$42,022$35,969$30,671$26,066$22,086$13,136
16 years$38,987$33,001$27,808$23,339$19,520$11,130
17 years$36,313$30,392$25,304$20,970$17,307$9,454
18 years$33,938$28,084$23,100$18,898$15,389$8,047
19 years$31,816$26,028$21,147$17,076$13,717$6,862
20 years$29,908$24,186$19,407$15,466$12,252$5,860
21 years$28,185$22,529$17,851$14,036$10,964$5,010
22 years$26,620$21,030$16,452$12,762$9,828$4,288
23 years$25,193$19,669$15,191$11,623$8,822$3,674
24 years$23,887$18,428$14,049$10,601$7,929$3,150
25 years$22,688$17,294$13,012$9,681$7,135$2,702
26 years$21,582$16,254$12,068$8,852$6,427$2,320
27 years$20,560$15,296$11,206$8,102$5,795$1,992
28 years$19,613$14,414$10,418$7,423$5,229$1,712
29 years$18,733$13,598$9,695$6,807$4,721$1,471
30 years$17,913$12,842$9,030$6,248$4,266$1,265
31 years$17,147$12,140$8,419$5,738$3,857$1,088
32 years$16,431$11,487$7,855$5,273$3,489$936
33 years$15,760$10,878$7,334$4,849$3,157$805
34 years$15,129$10,310$6,852$4,462$2,859$693
35 years$14,536$9,779$6,407$4,107$2,589$596
36 years$13,976$9,281$5,993$3,783$2,346$513
37 years$13,449$8,815$5,609$3,485$2,126$442
38 years$12,950$8,378$5,253$3,212$1,928$380
39 years$12,478$7,966$4,922$2,962$1,748$327
40 years$12,031$7,579$4,613$2,732$1,585$282
41 years$11,607$7,215$4,325$2,521$1,438$243
42 years$11,204$6,871$4,057$2,326$1,305$209
43 years$10,820$6,547$3,807$2,147$1,185$180
44 years$10,456$6,240$3,574$1,983$1,075$155
45 years$10,108$5,951$3,356$1,831$976$133
46 years$9,777$5,677$3,152$1,691$886$115
47 years$9,460$5,417$2,961$1,563$805$99
48 years$9,158$5,172$2,783$1,444$731$85
49 years$8,869$4,939$2,615$1,335$664$73
50 years$8,592$4,718$2,459$1,233$603$63

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 $3,856 every year, while hoping to spend $57,989 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: 48/28/24 Blend
74$8,800,000$8,800,000$8,800,000$8,800,000
75$9,701,577$9,235,177$9,098,777$10,100,882
76$10,629,439$9,626,001$9,341,887$10,771,422
77$11,649,998$10,034,032$9,591,196$11,493,080
78$12,772,649$10,460,051$9,846,853$12,275,603
79$14,007,744$10,904,878$10,109,007$13,124,744
80$15,366,684$11,369,368$10,377,810$14,046,824
81$16,862,037$11,854,417$10,653,417$15,048,791
82$18,507,646$12,360,965$10,935,987$16,138,285
83$20,318,765$12,889,992$11,225,683$17,323,702
84$22,312,205$13,442,527$11,522,668$18,614,278
85$24,506,484$14,019,645$11,827,112$20,020,165
86$26,922,010$14,622,473$12,139,186$21,552,533
87$29,581,270$15,252,189$12,459,063$23,223,665
88$32,509,041$15,910,027$12,786,923$25,047,075
89$35,732,624$16,597,280$13,122,946$27,037,628
90$39,282,105$17,315,299$13,467,317$29,211,681
91$43,190,632$18,065,501$13,820,225$31,587,232
92$47,494,733$18,849,368$14,181,860$34,184,086
93$52,234,661$19,668,452$14,552,417$37,024,038
94$57,454,769$20,524,379$14,932,095$40,131,078
95$63,203,931$21,418,849$15,321,096$43,531,606
96$69,536,005$22,353,645$15,719,625$47,254,687
97$76,510,335$23,330,632$16,127,891$51,332,311
98$84,192,320$24,351,763$16,546,106$55,799,698
99$92,654,022$25,419,085$16,974,485$60,695,621
100$101,974,851$26,534,739$17,413,250$66,062,768