Can I retire at age 75 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$966,175$957,569$949,172$940,977$932,974$924,771
2 years$478,304$469,397$460,763$452,393$444,274$436,007
3 years$315,702$306,756$298,144$289,852$281,865$273,792
4 years$234,417$225,498$216,973$208,822$201,029$193,211
5 years$185,659$176,793$168,380$160,396$152,819$145,279
6 years$153,164$144,365$136,076$128,270$120,920$113,668
7 years$129,962$121,237$113,080$105,458$98,341$91,379
8 years$112,569$103,923$95,901$88,466$81,583$74,913
9 years$99,048$90,484$82,599$75,353$68,705$62,323
10 years$88,237$79,757$72,012$64,955$58,540$52,443
11 years$79,398$71,003$63,398$56,530$50,346$44,530
12 years$72,038$63,728$56,264$49,585$43,629$38,087
13 years$65,814$57,592$50,268$43,776$38,045$32,772
14 years$60,484$52,349$45,166$38,859$33,350$28,339
15 years$55,870$47,822$40,779$34,656$29,364$24,607
16 years$51,835$43,876$36,972$31,030$25,952$21,442
17 years$48,280$40,408$33,643$27,881$23,011$18,740
18 years$45,122$37,339$30,712$25,126$20,460$16,420
19 years$42,301$34,605$28,115$22,704$18,237$14,420
20 years$39,765$32,157$25,803$20,562$16,289$12,687
21 years$37,473$29,953$23,734$18,662$14,577$11,181
22 years$35,392$27,960$21,874$16,968$13,066$9,867
23 years$33,495$26,150$20,197$15,453$11,729$8,719
24 years$31,759$24,501$18,679$14,094$10,542$7,713
25 years$30,164$22,993$17,300$12,871$9,487$6,830
26 years$28,695$21,610$16,045$11,769$8,545$6,053
27 years$27,336$20,337$14,899$10,772$7,704$5,368
28 years$26,077$19,164$13,851$9,870$6,952$4,764
29 years$24,906$18,079$12,889$9,051$6,277$4,230
30 years$23,816$17,074$12,006$8,306$5,672$3,758
31 years$22,798$16,140$11,193$7,629$5,128$3,341
32 years$21,846$15,272$10,443$7,011$4,638$2,970
33 years$20,953$14,463$9,751$6,447$4,198$2,642
34 years$20,114$13,707$9,111$5,932$3,801$2,351
35 years$19,326$13,001$8,518$5,461$3,442$2,093
36 years$18,582$12,340$7,968$5,029$3,119$1,863
37 years$17,881$11,720$7,458$4,634$2,827$1,659
38 years$17,218$11,138$6,984$4,271$2,563$1,477
39 years$16,590$10,592$6,543$3,938$2,324$1,316
40 years$15,996$10,077$6,133$3,632$2,108$1,173
41 years$15,432$9,592$5,751$3,351$1,912$1,045
42 years$14,896$9,135$5,395$3,093$1,735$931
43 years$14,386$8,704$5,062$2,855$1,575$830
44 years$13,901$8,297$4,752$2,636$1,430$740
45 years$13,439$7,912$4,462$2,435$1,298$659
46 years$12,998$7,548$4,190$2,249$1,178$588
47 years$12,578$7,203$3,937$2,078$1,070$524
48 years$12,176$6,876$3,700$1,920$972$467
49 years$11,791$6,566$3,477$1,774$883$417
50 years$11,423$6,272$3,269$1,640$802$372

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $11,700,000, adding $5,088 every year, while hoping to spend $28,824 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: 56/37/7 Blend
74$11,700,000$11,700,000$11,700,000$11,700,000
75$12,898,648$12,278,548$12,097,198$13,600,451
76$14,183,642$12,849,529$12,471,786$14,644,948
77$15,598,739$13,447,521$12,857,956$15,778,344
78$17,157,179$14,073,818$13,256,067$17,012,052
79$18,873,552$14,729,777$13,666,486$18,355,629
80$20,763,936$15,416,816$14,089,594$19,819,575
81$22,846,044$16,136,428$14,525,783$21,415,429
82$25,139,400$16,890,172$14,975,455$23,155,874
83$27,665,514$17,679,685$15,439,028$25,054,851
84$30,448,091$18,506,685$15,916,931$27,127,686
85$33,513,254$19,372,970$16,409,605$29,391,229
86$36,889,785$20,280,425$16,917,507$31,864,008
87$40,609,406$21,231,029$17,441,106$34,566,400
88$44,707,069$22,226,853$17,980,887$37,520,815
89$49,221,293$23,270,071$18,537,349$40,751,902
90$54,194,521$24,362,960$19,111,006$44,286,778
91$59,673,527$25,507,910$19,702,390$48,155,271
92$65,709,853$26,707,425$20,312,047$52,390,201
93$72,360,298$27,964,128$20,940,540$57,027,680
94$79,687,452$29,280,774$21,588,451$62,107,442
95$87,760,287$30,660,247$22,256,379$67,673,217
96$96,654,809$32,105,572$22,944,941$73,773,129
97$106,454,777$33,619,922$23,654,774$80,460,142
98$117,252,489$35,206,623$24,386,533$87,792,554
99$129,149,655$36,869,160$25,140,895$95,834,537
100$142,258,361$38,611,190$25,918,556$104,656,729