Can I retire at age 75 with 9,700,000?

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:
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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$801,017$793,882$786,921$780,126$773,492$750,234
2 years$396,543$389,158$382,000$375,061$368,329$345,094
3 years$261,736$254,319$247,180$240,305$233,683$211,198
4 years$194,346$186,951$179,883$173,126$166,665$145,103
5 years$153,922$146,572$139,597$132,978$126,696$106,115
6 years$126,982$119,687$112,815$106,343$100,250$80,669
7 years$107,746$100,513$93,750$87,431$81,530$62,947
8 years$93,326$86,158$79,507$73,343$67,637$50,042
9 years$82,117$75,016$68,480$62,472$56,960$40,333
10 years$73,154$66,123$59,702$53,852$48,533$32,851
11 years$65,826$58,866$52,561$46,867$41,740$26,976
12 years$59,723$52,835$46,646$41,109$36,171$22,295
13 years$54,564$47,747$41,675$36,293$31,542$18,522
14 years$50,145$43,401$37,446$32,217$27,649$15,452
15 years$46,319$39,647$33,808$28,732$24,345$12,935
16 years$42,975$36,376$30,652$25,726$21,516$10,858
17 years$40,027$33,501$27,892$23,115$19,078$9,136
18 years$37,409$30,956$25,462$20,831$16,963$7,702
19 years$35,070$28,690$23,309$18,823$15,119$6,504
20 years$32,967$26,660$21,392$17,047$13,505$5,499
21 years$31,067$24,833$19,677$15,472$12,085$4,655
22 years$29,342$23,180$18,135$14,067$10,833$3,944
23 years$27,770$21,680$16,744$12,811$9,724$3,345
24 years$26,330$20,313$15,486$11,685$8,740$2,838
25 years$25,008$19,063$14,343$10,671$7,865$2,410
26 years$23,790$17,916$13,302$9,757$7,084$2,047
27 years$22,663$16,861$12,352$8,931$6,387$1,740
28 years$21,619$15,888$11,483$8,183$5,763$1,479
29 years$20,649$14,988$10,686$7,504$5,204$1,258
30 years$19,745$14,155$9,954$6,887$4,702$1,070
31 years$18,901$13,381$9,280$6,325$4,251$910
32 years$18,111$12,661$8,658$5,813$3,846$774
33 years$17,371$11,990$8,084$5,345$3,480$659
34 years$16,676$11,364$7,553$4,918$3,151$561
35 years$16,022$10,779$7,062$4,527$2,854$477
36 years$15,406$10,231$6,606$4,170$2,586$406
37 years$14,824$9,717$6,183$3,842$2,344$346
38 years$14,275$9,234$5,790$3,541$2,125$295
39 years$13,754$8,781$5,425$3,265$1,927$251
40 years$13,261$8,354$5,085$3,011$1,748$214
41 years$12,794$7,953$4,768$2,778$1,586$182
42 years$12,350$7,574$4,472$2,564$1,439$155
43 years$11,927$7,216$4,197$2,367$1,306$132
44 years$11,525$6,879$3,939$2,186$1,185$112
45 years$11,142$6,559$3,699$2,018$1,076$96
46 years$10,776$6,257$3,474$1,864$977$82
47 years$10,428$5,971$3,264$1,723$887$69
48 years$10,094$5,701$3,067$1,592$806$59
49 years$9,776$5,444$2,883$1,471$732$50
50 years$9,471$5,200$2,710$1,360$665$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $9,700,000, adding $2,161 every year, while hoping to spend $33,059 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: 55/20/25 Blend
74$9,700,000$9,700,000$9,700,000$9,700,000
75$10,691,629$10,177,529$10,027,179$11,206,049
76$11,747,001$10,641,053$10,327,915$12,023,438
77$12,908,912$11,126,183$10,637,618$12,909,554
78$14,188,196$11,633,940$10,956,552$13,873,945
79$15,596,788$12,165,399$11,284,993$14,924,141
80$17,147,840$12,721,683$11,623,220$16,068,422
81$18,855,844$13,303,971$11,971,523$17,315,893
82$20,736,772$13,913,497$12,330,200$18,676,572
83$22,808,220$14,551,555$12,699,559$20,161,473
84$25,089,578$15,219,501$13,079,914$21,782,716
85$27,602,215$15,918,757$13,471,591$23,553,634
86$30,369,677$16,650,812$13,874,925$25,488,898
87$33,417,908$17,417,226$14,290,260$27,604,649
88$36,775,501$18,219,636$14,717,950$29,918,652
89$40,473,961$19,059,757$15,158,359$32,450,456
90$44,548,005$19,939,385$15,611,865$35,221,578
91$49,035,892$20,860,405$16,078,852$38,255,700
92$53,979,778$21,824,790$16,559,719$41,578,893
93$59,426,121$22,834,611$17,054,875$45,219,853
94$65,426,114$23,892,035$17,564,742$49,210,173
95$72,036,169$24,999,337$18,089,753$53,584,633
96$79,318,453$26,158,899$18,630,354$58,381,527
97$87,341,470$27,373,220$19,187,006$63,643,020
98$96,180,709$28,644,917$19,760,180$69,415,537
99$105,919,359$29,976,735$20,350,363$75,750,199
100$116,649,089$31,371,551$20,958,056$82,703,302