Can I retire at age 75 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$990,949$982,122$973,510$965,105$956,897$920,385
2 years$490,569$481,432$472,578$463,993$455,665$419,310
3 years$323,797$314,621$305,789$297,285$289,093$254,038
4 years$240,428$231,280$222,536$214,177$206,183$172,696
5 years$190,419$181,326$172,697$164,508$156,737$124,903
6 years$157,091$148,067$139,565$131,559$124,021$93,862
7 years$133,294$124,346$115,979$108,162$100,862$72,370
8 years$115,455$106,588$98,360$90,734$83,675$56,822
9 years$101,588$92,804$84,717$77,285$70,466$45,214
10 years$90,500$81,802$73,858$66,621$60,041$36,342
11 years$81,434$72,823$65,024$57,980$51,637$29,439
12 years$73,885$65,362$57,707$50,856$44,748$23,993
13 years$67,502$59,068$51,557$44,898$39,021$19,649
14 years$62,035$53,692$46,324$39,856$34,205$16,154
15 years$57,302$49,048$41,825$35,544$30,117$13,322
16 years$53,165$45,001$37,920$31,826$26,618$11,015
17 years$49,518$41,444$34,506$28,595$23,601$9,126
18 years$46,279$38,296$31,499$25,770$20,985$7,574
19 years$43,385$35,493$28,836$23,286$18,704$6,295
20 years$40,784$32,981$26,464$21,090$16,707$5,238
21 years$38,434$30,721$24,342$19,140$14,951$4,362
22 years$36,300$28,677$22,435$17,403$13,401$3,636
23 years$34,354$26,821$20,715$15,849$12,030$3,033
24 years$32,574$25,129$19,158$14,455$10,813$2,531
25 years$30,938$23,583$17,744$13,201$9,730$2,113
26 years$29,430$22,164$16,457$12,071$8,764$1,765
27 years$28,037$20,859$15,281$11,049$7,902$1,474
28 years$26,745$19,655$14,206$10,123$7,130$1,232
29 years$25,545$18,542$13,220$9,283$6,438$1,030
30 years$24,427$17,511$12,314$8,519$5,817$861
31 years$23,383$16,554$11,480$7,824$5,259$720
32 years$22,406$15,663$10,711$7,191$4,757$602
33 years$21,490$14,834$10,001$6,613$4,305$504
34 years$20,630$14,059$9,344$6,084$3,898$421
35 years$19,821$13,335$8,736$5,601$3,531$352
36 years$19,059$12,656$8,172$5,158$3,199$295
37 years$18,339$12,021$7,649$4,753$2,899$247
38 years$17,659$11,424$7,163$4,381$2,629$206
39 years$17,016$10,863$6,711$4,039$2,384$173
40 years$16,406$10,335$6,290$3,725$2,162$144
41 years$15,827$9,838$5,898$3,437$1,961$121
42 years$15,278$9,370$5,533$3,172$1,780$101
43 years$14,755$8,927$5,192$2,928$1,615$85
44 years$14,258$8,510$4,873$2,704$1,466$71
45 years$13,784$8,115$4,576$2,497$1,331$59
46 years$13,332$7,741$4,298$2,307$1,209$50
47 years$12,900$7,387$4,038$2,131$1,097$41
48 years$12,488$7,052$3,794$1,969$997$35
49 years$12,094$6,735$3,567$1,820$905$29
50 years$11,716$6,433$3,353$1,682$822$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $12,000,000, adding $3,742 every year, while hoping to spend $28,210 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: 49/25/26 Blend
74$12,000,000$12,000,000$12,000,000$12,000,000
75$13,227,860$12,591,860$12,405,860$13,778,300
76$14,547,086$13,178,846$12,791,441$14,750,605
77$15,999,928$13,793,649$13,188,994$15,803,237
78$17,599,985$14,437,601$13,598,889$16,946,324
79$19,362,242$15,112,102$14,021,510$18,188,429
80$21,303,211$15,818,615$14,457,251$19,538,958
81$23,441,088$16,558,677$14,906,519$21,008,249
82$25,795,925$17,333,899$15,369,733$22,607,664
83$28,389,817$18,145,967$15,847,326$24,349,694
84$31,247,110$18,996,651$16,339,744$26,248,068
85$34,394,636$19,887,808$16,847,446$28,317,885
86$37,861,960$20,821,381$17,370,906$30,575,748
87$41,681,661$21,799,410$17,910,613$33,039,915
88$45,889,642$22,824,033$18,467,070$35,730,468
89$50,525,466$23,897,491$19,040,797$38,669,497
90$55,632,728$25,022,132$19,632,328$41,881,305
91$61,259,472$26,200,422$20,242,216$45,392,627
92$67,458,637$27,434,943$20,871,030$49,232,881
93$74,288,565$28,728,402$21,519,357$53,434,437
94$81,813,544$30,083,638$22,187,800$58,032,916
95$90,104,418$31,503,629$22,876,984$63,067,523
96$99,239,257$32,991,495$23,587,551$68,581,404
97$109,304,091$34,550,508$24,320,164$74,622,049
98$120,393,725$36,184,100$25,075,506$81,241,736
99$132,612,631$37,895,867$25,854,282$88,498,009
100$146,075,936$39,689,581$26,657,217$96,454,219