Can I retire at age 75 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$701,922$695,670$689,570$683,616$677,802$656,368
2 years$347,486$341,015$334,743$328,661$322,763$301,363
3 years$229,356$222,857$216,601$210,577$204,774$184,079
4 years$170,303$163,823$157,630$151,709$146,047$126,215
5 years$134,880$128,439$122,327$116,527$111,022$92,108
6 years$111,273$104,880$98,859$93,187$87,848$69,867
7 years$94,417$88,078$82,152$76,614$71,444$54,395
8 years$81,781$75,500$69,671$64,270$59,270$43,141
9 years$71,958$65,736$60,008$54,744$49,914$34,687
10 years$64,104$57,943$52,316$47,190$42,529$28,181
11 years$57,683$51,583$46,058$41,069$36,576$23,082
12 years$52,335$46,298$40,876$36,023$31,696$19,026
13 years$47,814$41,840$36,520$31,803$27,640$15,763
14 years$43,942$38,032$32,813$28,231$24,229$13,114
15 years$40,589$34,743$29,626$25,177$21,333$10,947
16 years$37,658$31,876$26,860$22,544$18,854$9,163
17 years$35,075$29,356$24,442$20,255$16,717$7,687
18 years$32,781$27,126$22,312$18,254$14,864$6,461
19 years$30,731$25,141$20,426$16,494$13,249$5,440
20 years$28,889$23,362$18,746$14,939$11,834$4,585
21 years$27,224$21,761$17,242$13,558$10,590$3,870
22 years$25,712$20,313$15,892$12,327$9,493$3,269
23 years$24,334$18,998$14,673$11,226$8,521$2,763
24 years$23,073$17,800$13,570$10,239$7,659$2,337
25 years$21,914$16,704$12,569$9,351$6,892$1,978
26 years$20,847$15,699$11,657$8,550$6,208$1,675
27 years$19,860$14,775$10,824$7,826$5,597$1,419
28 years$18,945$13,922$10,063$7,170$5,050$1,202
29 years$18,094$13,134$9,364$6,575$4,560$1,019
30 years$17,302$12,404$8,722$6,035$4,121$864
31 years$16,563$11,726$8,132$5,542$3,725$732
32 years$15,871$11,095$7,587$5,093$3,370$621
33 years$15,222$10,507$7,084$4,684$3,050$527
34 years$14,613$9,958$6,619$4,310$2,761$447
35 years$14,040$9,445$6,188$3,967$2,501$379
36 years$13,500$8,965$5,789$3,654$2,266$322
37 years$12,990$8,515$5,418$3,366$2,054$273
38 years$12,509$8,092$5,074$3,103$1,862$232
39 years$12,053$7,695$4,754$2,861$1,688$197
40 years$11,621$7,321$4,456$2,639$1,531$167
41 years$11,211$6,969$4,178$2,435$1,389$142
42 years$10,822$6,637$3,919$2,247$1,261$120
43 years$10,452$6,324$3,678$2,074$1,144$102
44 years$10,099$6,028$3,452$1,915$1,039$87
45 years$9,763$5,748$3,241$1,769$943$74
46 years$9,443$5,483$3,044$1,634$856$62
47 years$9,138$5,233$2,860$1,509$777$53
48 years$8,846$4,995$2,688$1,395$706$45
49 years$8,566$4,770$2,526$1,289$641$38
50 years$8,299$4,557$2,375$1,191$582$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $8,500,000, adding $6,133 every year, while hoping to spend $30,893 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: 47/41/12 Blend
74$8,500,000$8,500,000$8,500,000$8,500,000
75$9,373,326$8,922,826$8,791,076$9,782,252
76$10,296,536$9,327,175$9,052,707$10,469,597
77$11,312,877$9,750,301$9,322,068$11,211,464
78$12,431,817$10,193,092$9,599,384$12,015,918
79$13,663,787$10,656,479$9,884,888$12,888,790
80$15,020,282$11,141,435$10,178,820$13,836,483
81$16,513,968$11,648,982$10,481,427$14,866,027
82$18,158,800$12,180,189$10,792,963$15,985,142
83$19,970,157$12,736,179$11,113,687$17,202,309
84$21,964,987$13,318,125$11,443,869$18,526,842
85$24,161,963$13,927,260$11,783,786$19,968,978
86$26,581,661$14,564,874$12,133,721$21,539,966
87$29,246,757$15,232,319$12,493,966$23,252,166
88$32,182,236$15,931,013$12,864,824$25,119,168
89$35,415,631$16,662,440$13,246,603$27,155,909
90$38,977,283$17,428,157$13,639,622$29,378,812
91$42,900,626$18,229,797$14,044,209$31,805,937
92$47,222,501$19,069,068$14,460,701$34,457,143
93$51,983,506$19,947,762$14,889,445$37,354,272
94$57,228,380$20,867,758$15,330,797$40,521,345
95$63,006,421$21,831,025$15,785,126$43,984,792
96$69,371,956$22,839,625$16,252,807$47,773,682
97$76,384,850$23,895,722$16,734,231$51,920,002
98$84,111,074$25,001,581$17,229,797$56,458,944
99$92,623,323$26,159,579$17,739,915$61,429,235
100$102,001,710$27,372,205$18,265,010$66,873,489