Can I retire at age 75 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$685,406$679,301$673,344$667,531$661,854$655,487
2 years$339,310$332,991$326,866$320,928$315,168$308,755
3 years$223,960$217,613$211,504$205,622$199,956$193,695
4 years$166,296$159,969$153,921$148,139$142,610$136,549
5 years$131,707$125,417$119,449$113,785$108,410$102,567
6 years$108,655$102,413$96,532$90,995$85,781$80,163
7 years$92,195$86,006$80,219$74,812$69,763$64,373
8 years$79,857$73,723$68,032$62,758$57,875$52,713
9 years$70,265$64,189$58,596$53,456$48,739$43,802
10 years$62,596$56,580$51,085$46,079$41,528$36,814
11 years$56,325$50,370$44,975$40,103$35,716$31,221
12 years$51,104$45,209$39,914$35,176$30,950$26,670
13 years$46,689$40,856$35,660$31,055$26,989$22,918
14 years$42,908$37,137$32,041$27,567$23,659$19,792
15 years$39,634$33,925$28,929$24,585$20,831$17,163
16 years$36,772$31,126$26,228$22,013$18,411$14,935
17 years$34,250$28,665$23,867$19,779$16,324$13,035
18 years$32,010$26,488$21,787$17,824$14,515$11,405
19 years$30,008$24,549$19,945$16,106$12,937$10,001
20 years$28,209$22,812$18,305$14,587$11,556$8,786
21 years$26,583$21,249$16,837$13,239$10,341$7,731
22 years$25,107$19,835$15,518$12,037$9,269$6,813
23 years$23,762$18,551$14,328$10,962$8,321$6,011
24 years$22,530$17,381$13,251$9,998$7,479$5,309
25 years$21,399$16,311$12,273$9,131$6,730$4,694
26 years$20,356$15,330$11,382$8,349$6,062$4,153
27 years$19,392$14,427$10,570$7,642$5,465$3,678
28 years$18,499$13,595$9,826$7,002$4,931$3,259
29 years$17,669$12,825$9,144$6,421$4,453$2,889
30 years$16,895$12,112$8,517$5,893$4,024$2,563
31 years$16,173$11,450$7,940$5,412$3,638$2,274
32 years$15,497$10,834$7,408$4,974$3,291$2,019
33 years$14,864$10,260$6,917$4,574$2,978$1,793
34 years$14,269$9,724$6,463$4,208$2,696$1,592
35 years$13,710$9,223$6,042$3,874$2,442$1,415
36 years$13,182$8,754$5,653$3,568$2,213$1,258
37 years$12,685$8,314$5,291$3,287$2,005$1,118
38 years$12,214$7,902$4,955$3,030$1,818$994
39 years$11,769$7,514$4,642$2,794$1,649$884
40 years$11,347$7,149$4,351$2,577$1,495$786
41 years$10,947$6,805$4,080$2,377$1,357$699
42 years$10,567$6,481$3,827$2,194$1,231$622
43 years$10,206$6,175$3,591$2,025$1,117$553
44 years$9,862$5,886$3,371$1,870$1,014$492
45 years$9,534$5,613$3,165$1,727$921$438
46 years$9,221$5,354$2,973$1,595$836$390
47 years$8,923$5,110$2,793$1,474$759$347
48 years$8,637$4,878$2,624$1,362$689$309
49 years$8,365$4,658$2,467$1,259$626$275
50 years$8,104$4,450$2,319$1,163$569$245

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $8,300,000, adding $5,793 every year, while hoping to spend $51,365 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: 36/50/14 Blend
74$8,300,000$8,300,000$8,300,000$8,300,000
75$9,152,575$8,712,675$8,584,025$9,442,437
76$10,031,486$9,084,945$8,816,938$10,024,070
77$10,998,324$9,473,733$9,055,932$10,646,247
78$12,062,004$9,879,797$9,301,157$11,316,809
79$13,232,348$10,303,926$9,552,765$12,040,089
80$14,520,177$10,746,948$9,810,912$12,820,838
81$15,937,415$11,209,729$10,075,758$13,664,262
82$17,497,202$11,693,177$10,347,466$14,576,075
83$19,214,014$12,198,239$10,626,203$15,562,541
84$21,103,801$12,725,910$10,912,139$16,630,534
85$23,184,140$13,277,232$11,205,447$17,787,598
86$25,474,398$13,853,292$11,506,305$19,042,014
87$27,995,915$14,455,231$11,814,895$20,402,872
88$30,772,205$15,084,244$12,131,400$21,880,154
89$33,829,178$15,741,581$12,456,011$23,484,822
90$37,195,387$16,428,551$12,788,920$25,228,918
91$40,902,292$17,146,525$13,130,324$27,125,672
92$44,984,559$17,896,938$13,480,423$29,189,617
93$49,480,390$18,681,294$13,839,424$31,436,728
94$54,431,879$19,501,167$14,207,534$33,884,560
95$59,885,412$20,358,205$14,584,967$36,552,411
96$65,892,101$21,254,134$14,971,940$39,461,496
97$72,508,272$22,190,763$15,368,677$42,635,140
98$79,795,990$23,169,985$15,775,402$46,098,992
99$87,823,649$24,193,783$16,192,346$49,881,259
100$96,666,616$25,264,233$16,619,745$54,012,964