The Reds icon joined forces with a host of former teammates, notably Xabi Alonso during the first half, for a game which raised funds for the LFC Foundation.
Liverpool led by three, trailed 4-3 and 5-4 and levelled three minutes from time as Bjorn Tore Kvarme lashed into the top corner at the Kop end.
Gerrard subsequently had a shot pushed onto the woodwork and while the midfielder was left frustrated by being denied a winner, he celebrated another successful event overall.
“Almost… but, as everyone in this stadium knows, almost is not good enough,” the No.8 told Liverpoolfc.com of that late chance.
“But it was a great occasion again; the ex-players absolutely love coming here and playing in front of the fans. I’d like to say thanks very much for the turnout, it was absolutely superb.”
Dirk Kuyt, Michael Owen and Robbie Fowler (two) were the other players to net as the goals flowed in an eventful opening 45 minutes that featured eight strikes.
All 21 members of the squad got minutes on the afternoon – and Gerrard insisted none of them would pass up a chance to be involved for their old club.
“You can’t miss an opportunity like this,” he said.
“You never know what the future holds. Any time I get an invite to play here, I don’t even know why they send me one – they should just tick the box next to my name.”
Alonso played one half for each side, partnering his close friend Gerrard in midfield before the break and later converting a free-kick in Bayern colours.
“It was fantastic. I would never ever get tired of playing alongside Xabi Alonso,” added the current Liverpool U18s manager.
“I wish we were playing together on Saturday, I miss it so much. What a player, what a person; he was a fantastic servant here and everywhere he has been. He’s a proper champion.”