Can I retire at age 75 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$734,954$728,407$722,020$715,786$709,698$686,706
2 years$363,838$357,062$350,495$344,128$337,952$315,003
3 years$240,150$233,344$226,794$220,486$214,410$192,225
4 years$178,317$171,533$165,048$158,848$152,919$131,668
5 years$141,228$134,484$128,084$122,010$116,247$95,986
6 years$116,509$109,816$103,511$97,573$91,982$72,729
7 years$98,860$92,223$86,018$80,220$74,806$56,558
8 years$85,629$79,052$72,950$67,294$62,059$44,804
9 years$75,344$68,829$62,832$57,320$52,263$35,980
10 years$67,121$60,670$54,778$49,410$44,530$29,195
11 years$60,397$54,011$48,226$43,002$38,298$23,881
12 years$54,798$48,477$42,799$37,718$33,188$19,659
13 years$50,064$43,809$38,238$33,300$28,940$16,265
14 years$46,010$39,821$34,357$29,560$25,369$13,513
15 years$42,499$36,377$31,020$26,362$22,337$11,264
16 years$39,430$33,376$28,124$23,604$19,741$9,415
17 years$36,726$30,738$25,592$21,208$17,504$7,887
18 years$34,324$28,403$23,362$19,113$15,564$6,619
19 years$32,178$26,324$21,387$17,270$13,872$5,564
20 years$30,248$24,461$19,628$15,642$12,391$4,683
21 years$28,505$22,785$18,054$14,196$11,089$3,946
22 years$26,922$21,269$16,639$12,907$9,939$3,328
23 years$25,479$19,892$15,363$11,755$8,922$2,809
24 years$24,159$18,638$14,209$10,721$8,019$2,372
25 years$22,946$17,490$13,160$9,791$7,216$2,004
26 years$21,828$16,438$12,205$8,952$6,500$1,694
27 years$20,794$15,470$11,334$8,194$5,860$1,433
28 years$19,836$14,578$10,536$7,508$5,288$1,212
29 years$18,946$13,752$9,805$6,885$4,775$1,026
30 years$18,117$12,988$9,133$6,319$4,314$868
31 years$17,342$12,278$8,514$5,803$3,901$735
32 years$16,618$11,617$7,944$5,333$3,528$622
33 years$15,939$11,002$7,417$4,904$3,193$527
34 years$15,301$10,427$6,930$4,512$2,891$446
35 years$14,701$9,890$6,479$4,154$2,619$378
36 years$14,135$9,387$6,061$3,826$2,373$320
37 years$13,602$8,915$5,673$3,525$2,150$271
38 years$13,097$8,473$5,313$3,249$1,949$230
39 years$12,620$8,057$4,977$2,996$1,768$195
40 years$12,168$7,665$4,665$2,763$1,604$165
41 years$11,739$7,297$4,375$2,549$1,455$140
42 years$11,331$6,949$4,104$2,353$1,320$118
43 years$10,943$6,621$3,851$2,172$1,198$100
44 years$10,574$6,311$3,614$2,005$1,087$85
45 years$10,223$6,018$3,394$1,852$987$72
46 years$9,888$5,741$3,188$1,711$896$61
47 years$9,568$5,479$2,995$1,580$814$52
48 years$9,262$5,230$2,814$1,460$739$44
49 years$8,969$4,995$2,645$1,350$671$37
50 years$8,690$4,771$2,487$1,248$610$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $8,900,000, adding $6,797 every year, while hoping to spend $36,279 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: 70/6/24 Blend
74$8,900,000$8,900,000$8,900,000$8,900,000
75$9,814,811$9,343,111$9,205,161$10,441,871
76$10,777,321$9,762,323$9,474,933$11,281,409
77$11,836,792$10,200,860$9,752,527$12,195,240
78$13,003,074$10,659,632$10,038,166$13,194,738
79$14,287,023$11,139,589$10,332,080$14,288,394
80$15,700,600$11,641,730$10,634,506$15,485,556
81$17,256,986$12,167,100$10,945,687$16,796,517
82$18,970,703$12,716,792$11,265,872$18,232,612
83$20,857,755$13,291,955$11,595,319$19,806,321
84$22,935,775$13,893,790$11,934,291$21,531,389
85$25,224,195$14,523,557$12,283,061$23,422,951
86$27,744,427$15,182,575$12,641,907$25,497,677
87$30,520,064$15,872,227$13,011,116$27,773,925
88$33,577,106$16,593,961$13,390,984$30,271,917
89$36,944,202$17,349,296$13,781,813$33,013,922
90$40,652,922$18,139,823$14,183,915$36,024,471
91$44,738,054$18,967,209$14,597,611$39,330,586
92$49,237,934$19,833,200$15,023,229$42,962,028
93$54,194,804$20,739,628$15,461,108$46,951,585
94$59,655,215$21,688,411$15,911,596$51,335,371
95$65,670,463$22,681,559$16,375,051$56,153,172
96$72,297,074$23,721,180$16,851,839$61,448,817
97$79,597,339$24,809,481$17,342,339$67,270,589
98$87,639,899$25,948,776$17,846,939$73,671,680
99$96,500,394$27,141,492$18,366,036$80,710,690
100$106,262,178$28,390,169$18,900,043$88,452,182