Can I retire at age 75 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$809,275$802,066$795,033$788,169$781,466$765,375
2 years$400,631$393,170$385,938$378,927$372,127$355,988
3 years$264,434$256,941$249,728$242,782$236,092$220,410
4 years$196,349$188,879$181,738$174,911$168,383$153,278
5 years$155,509$148,083$141,036$134,348$128,002$113,517
6 years$128,291$120,921$113,978$107,440$101,284$87,434
7 years$108,857$101,549$94,716$88,332$82,371$69,160
8 years$94,288$87,047$80,327$74,099$68,335$55,758
9 years$82,963$75,790$69,186$63,116$57,548$45,596
10 years$73,908$66,805$60,318$54,407$49,033$37,696
11 years$66,505$59,472$53,103$47,350$42,170$31,433
12 years$60,339$53,379$47,127$41,533$36,544$26,391
13 years$55,126$48,239$42,105$36,667$31,867$22,280
14 years$50,662$43,848$37,832$32,549$27,934$18,896
15 years$46,797$40,056$34,157$29,028$24,596$16,086
16 years$43,418$36,751$30,968$25,991$21,738$13,737
17 years$40,439$33,846$28,180$23,353$19,274$11,761
18 years$37,795$31,275$25,725$21,046$17,138$10,092
19 years$35,431$28,986$23,550$19,017$15,275$8,677
20 years$33,307$26,935$21,613$17,223$13,644$7,471
21 years$31,388$25,089$19,879$15,631$12,210$6,442
22 years$29,645$23,419$18,322$14,212$10,944$5,561
23 years$28,056$21,904$16,917$12,943$9,824$4,805
24 years$26,602$20,522$15,645$11,805$8,830$4,156
25 years$25,266$19,259$14,491$10,781$7,946$3,597
26 years$24,035$18,101$13,440$9,858$7,157$3,115
27 years$22,897$17,035$12,480$9,023$6,453$2,699
28 years$21,842$16,052$11,602$8,267$5,823$2,340
29 years$20,862$15,143$10,796$7,581$5,258$2,029
30 years$19,949$14,301$10,056$6,958$4,751$1,761
31 years$19,096$13,519$9,375$6,390$4,295$1,528
32 years$18,298$12,792$8,747$5,872$3,885$1,326
33 years$17,550$12,114$8,167$5,400$3,516$1,152
34 years$16,848$11,481$7,631$4,969$3,183$1,000
35 years$16,187$10,890$7,135$4,574$2,883$869
36 years$15,565$10,336$6,674$4,213$2,612$755
37 years$14,977$9,817$6,247$3,881$2,368$656
38 years$14,422$9,330$5,850$3,577$2,147$570
39 years$13,896$8,872$5,481$3,299$1,947$495
40 years$13,398$8,441$5,137$3,042$1,766$430
41 years$12,926$8,035$4,817$2,807$1,602$374
42 years$12,477$7,652$4,519$2,591$1,454$325
43 years$12,050$7,291$4,240$2,391$1,319$283
44 years$11,644$6,950$3,980$2,208$1,197$246
45 years$11,257$6,627$3,737$2,039$1,087$213
46 years$10,888$6,322$3,510$1,884$987$186
47 years$10,535$6,033$3,298$1,740$896$161
48 years$10,198$5,759$3,099$1,608$814$140
49 years$9,876$5,500$2,913$1,486$739$122
50 years$9,568$5,254$2,738$1,374$671$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $9,800,000, adding $2,318 every year, while hoping to spend $38,176 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: 44/43/13 Blend
74$9,800,000$9,800,000$9,800,000$9,800,000
75$10,801,991$10,282,591$10,130,691$11,236,779
76$11,863,175$10,745,819$10,429,450$12,003,437
77$13,031,321$11,230,466$10,736,938$12,829,860
78$14,317,297$11,737,540$11,053,407$13,724,742
79$15,733,082$12,268,100$11,379,117$14,694,404
80$17,291,872$12,823,253$11,714,334$15,745,780
81$19,008,211$13,404,160$12,059,331$16,886,482
82$20,898,122$14,012,037$12,414,392$18,124,866
83$22,979,262$14,648,160$12,779,807$19,470,109
84$25,271,090$15,313,862$13,155,873$20,932,287
85$27,795,043$16,010,544$13,542,897$22,522,468
86$30,574,749$16,739,672$13,941,196$24,252,812
87$33,636,240$17,502,782$14,351,092$26,136,678
88$37,008,203$18,301,485$14,772,921$28,188,748
89$40,722,251$19,137,469$15,207,024$30,425,156
90$44,813,216$20,012,500$15,653,755$32,863,639
91$49,319,484$20,928,433$16,113,476$35,523,693
92$54,283,355$21,887,209$16,586,561$38,426,754
93$59,751,438$22,890,864$17,073,392$41,596,393
94$65,775,099$23,941,530$17,574,364$45,058,530
95$72,410,936$25,041,443$18,089,883$48,841,672
96$79,721,323$26,192,944$18,620,365$52,977,175
97$87,774,989$27,398,490$19,166,239$57,499,531
98$96,647,676$28,660,654$19,727,946$62,446,684
99$106,422,845$29,982,133$20,305,938$67,860,382
100$117,192,471$31,365,752$20,900,682$73,786,558