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%12.3%
1 years$809,275$802,066$795,033$788,169$781,466$773,949
2 years$400,631$393,170$385,938$378,927$372,127$364,554
3 years$264,434$256,941$249,728$242,782$236,092$228,700
4 years$196,349$188,879$181,738$174,911$168,383$161,227
5 years$155,509$148,083$141,036$134,348$128,002$121,103
6 years$128,291$120,921$113,978$107,440$101,284$94,651
7 years$108,857$101,549$94,716$88,332$82,371$76,007
8 years$94,288$87,047$80,327$74,099$68,335$62,239
9 years$82,963$75,790$69,186$63,116$57,548$51,719
10 years$73,908$66,805$60,318$54,407$49,033$43,467
11 years$66,505$59,472$53,103$47,350$42,170$36,863
12 years$60,339$53,379$47,127$41,533$36,544$31,490
13 years$55,126$48,239$42,105$36,667$31,867$27,060
14 years$50,662$43,848$37,832$32,549$27,934$23,369
15 years$46,797$40,056$34,157$29,028$24,596$20,265
16 years$43,418$36,751$30,968$25,991$21,738$17,634
17 years$40,439$33,846$28,180$23,353$19,274$15,390
18 years$37,795$31,275$25,725$21,046$17,138$13,466
19 years$35,431$28,986$23,550$19,017$15,275$11,808
20 years$33,307$26,935$21,613$17,223$13,644$10,374
21 years$31,388$25,089$19,879$15,631$12,210$9,129
22 years$29,645$23,419$18,322$14,212$10,944$8,044
23 years$28,056$21,904$16,917$12,943$9,824$7,098
24 years$26,602$20,522$15,645$11,805$8,830$6,269
25 years$25,266$19,259$14,491$10,781$7,946$5,542
26 years$24,035$18,101$13,440$9,858$7,157$4,904
27 years$22,897$17,035$12,480$9,023$6,453$4,342
28 years$21,842$16,052$11,602$8,267$5,823$3,848
29 years$20,862$15,143$10,796$7,581$5,258$3,411
30 years$19,949$14,301$10,056$6,958$4,751$3,026
31 years$19,096$13,519$9,375$6,390$4,295$2,685
32 years$18,298$12,792$8,747$5,872$3,885$2,383
33 years$17,550$12,114$8,167$5,400$3,516$2,117
34 years$16,848$11,481$7,631$4,969$3,183$1,880
35 years$16,187$10,890$7,135$4,574$2,883$1,671
36 years$15,565$10,336$6,674$4,213$2,612$1,485
37 years$14,977$9,817$6,247$3,881$2,368$1,320
38 years$14,422$9,330$5,850$3,577$2,147$1,174
39 years$13,896$8,872$5,481$3,299$1,947$1,044
40 years$13,398$8,441$5,137$3,042$1,766$928
41 years$12,926$8,035$4,817$2,807$1,602$826
42 years$12,477$7,652$4,519$2,591$1,454$735
43 years$12,050$7,291$4,240$2,391$1,319$654
44 years$11,644$6,950$3,980$2,208$1,197$582
45 years$11,257$6,627$3,737$2,039$1,087$517
46 years$10,888$6,322$3,510$1,884$987$461
47 years$10,535$6,033$3,298$1,740$896$410
48 years$10,198$5,759$3,099$1,608$814$365
49 years$9,876$5,500$2,913$1,486$739$325
50 years$9,568$5,254$2,738$1,374$671$289

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 $4,279 every year, while hoping to spend $32,909 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: 36/46/18 Blend
74$9,800,000$9,800,000$9,800,000$9,800,000
75$10,804,014$10,284,614$10,132,714$11,133,606
76$11,871,008$10,753,545$10,437,145$11,842,390
77$13,045,733$11,244,351$10,750,671$12,603,658
78$14,339,142$11,758,068$11,073,563$13,424,810
79$15,763,306$12,295,785$11,406,098$14,311,212
80$17,331,523$12,858,638$11,748,563$15,268,742
81$19,058,450$13,447,823$12,101,251$16,303,846
82$20,960,236$14,064,590$12,464,467$17,423,591
83$23,054,675$14,710,250$12,838,522$18,635,726
84$25,361,377$15,386,177$13,223,737$19,948,753
85$27,901,948$16,093,811$13,620,443$21,372,002
86$30,700,200$16,834,661$14,028,981$22,915,710
87$33,782,370$17,610,308$14,449,701$24,591,113
88$37,177,369$18,422,411$14,882,964$26,410,551
89$40,917,058$19,272,707$15,329,141$28,387,569
90$45,036,545$20,163,016$15,788,613$30,537,045
91$49,574,516$21,095,248$16,261,776$32,875,321
92$54,573,604$22,071,403$16,749,033$35,420,353
93$60,080,788$23,093,577$17,250,802$38,191,865
94$66,147,836$24,163,970$17,767,511$41,211,537
95$72,831,795$25,284,884$18,299,602$44,503,194
96$80,195,529$26,458,735$18,847,531$48,093,026
97$88,308,314$27,688,054$19,411,763$52,009,823
98$97,246,487$28,975,493$19,992,783$56,285,241
99$107,094,172$30,323,835$20,591,084$60,954,088
100$117,944,069$31,735,995$21,207,177$66,054,642