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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.2%
1 years$990,949$982,122$973,510$965,105$956,897$944,157
2 years$490,569$481,432$472,578$463,993$455,665$442,850
3 years$323,797$314,621$305,789$297,285$289,093$276,601
4 years$240,428$231,280$222,536$214,177$206,183$194,111
5 years$190,419$181,326$172,697$164,508$156,737$145,120
6 years$157,091$148,067$139,565$131,559$124,021$112,872
7 years$133,294$124,346$115,979$108,162$100,862$90,186
8 years$115,455$106,588$98,360$90,734$83,675$73,470
9 years$101,588$92,804$84,717$77,285$70,466$60,728
10 years$90,500$81,802$73,858$66,621$60,041$50,763
11 years$81,434$72,823$65,024$57,980$51,637$42,810
12 years$73,885$65,362$57,707$50,856$44,748$36,362
13 years$67,502$59,068$51,557$44,898$39,021$31,065
14 years$62,035$53,692$46,324$39,856$34,205$26,667
15 years$57,302$49,048$41,825$35,544$30,117$22,984
16 years$53,165$45,001$37,920$31,826$26,618$19,877
17 years$49,518$41,444$34,506$28,595$23,601$17,238
18 years$46,279$38,296$31,499$25,770$20,985$14,986
19 years$43,385$35,493$28,836$23,286$18,704$13,056
20 years$40,784$32,981$26,464$21,090$16,707$11,394
21 years$38,434$30,721$24,342$19,140$14,951$9,959
22 years$36,300$28,677$22,435$17,403$13,401$8,717
23 years$34,354$26,821$20,715$15,849$12,030$7,638
24 years$32,574$25,129$19,158$14,455$10,813$6,700
25 years$30,938$23,583$17,744$13,201$9,730$5,881
26 years$29,430$22,164$16,457$12,071$8,764$5,167
27 years$28,037$20,859$15,281$11,049$7,902$4,543
28 years$26,745$19,655$14,206$10,123$7,130$3,996
29 years$25,545$18,542$13,220$9,283$6,438$3,517
30 years$24,427$17,511$12,314$8,519$5,817$3,097
31 years$23,383$16,554$11,480$7,824$5,259$2,728
32 years$22,406$15,663$10,711$7,191$4,757$2,403
33 years$21,490$14,834$10,001$6,613$4,305$2,118
34 years$20,630$14,059$9,344$6,084$3,898$1,868
35 years$19,821$13,335$8,736$5,601$3,531$1,647
36 years$19,059$12,656$8,172$5,158$3,199$1,453
37 years$18,339$12,021$7,649$4,753$2,899$1,282
38 years$17,659$11,424$7,163$4,381$2,629$1,131
39 years$17,016$10,863$6,711$4,039$2,384$998
40 years$16,406$10,335$6,290$3,725$2,162$881
41 years$15,827$9,838$5,898$3,437$1,961$777
42 years$15,278$9,370$5,533$3,172$1,780$686
43 years$14,755$8,927$5,192$2,928$1,615$606
44 years$14,258$8,510$4,873$2,704$1,466$535
45 years$13,784$8,115$4,576$2,497$1,331$472
46 years$13,332$7,741$4,298$2,307$1,209$417
47 years$12,900$7,387$4,038$2,131$1,097$368
48 years$12,488$7,052$3,794$1,969$997$325
49 years$12,094$6,735$3,567$1,820$905$287
50 years$11,716$6,433$3,353$1,682$822$254

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 $5,725 every year, while hoping to spend $36,995 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: 53/30/17 Blend
74$12,000,000$12,000,000$12,000,000$12,000,000
75$13,229,905$12,593,905$12,407,905$13,869,928
76$14,539,993$13,171,644$12,784,208$14,886,397
77$15,982,470$13,776,453$13,171,876$15,987,427
78$17,570,801$14,409,617$13,571,253$17,184,628
79$19,319,822$15,072,488$13,982,689$18,487,152
80$21,245,883$15,766,479$14,406,548$19,905,057
81$23,366,998$16,493,071$14,843,202$21,449,397
82$25,703,018$17,253,819$15,293,037$23,132,322
83$28,275,820$18,050,349$15,756,447$24,967,191
84$31,109,507$18,884,369$16,233,841$26,968,690
85$34,230,640$19,757,668$16,725,639$29,152,971
86$37,668,490$20,672,118$17,232,272$31,537,794
87$41,455,310$21,629,686$17,754,188$34,142,695
88$45,626,642$22,632,430$18,291,843$36,989,160
89$50,221,650$23,682,510$18,845,711$40,100,826
90$55,283,494$24,782,189$19,416,277$43,503,699
91$60,859,732$25,933,837$20,004,044$47,226,391
92$67,002,771$27,139,942$20,609,526$51,300,383
93$73,770,364$28,403,110$21,233,256$55,760,320
94$81,226,151$29,726,072$21,875,779$60,644,327
95$89,440,261$31,111,692$22,537,661$65,994,366
96$98,489,975$32,562,973$23,219,480$71,856,619
97$108,460,455$34,083,060$23,921,834$78,281,920
98$119,445,545$35,675,254$24,645,340$85,326,229
99$131,548,661$37,343,012$25,390,629$93,051,145
100$144,883,765$39,089,960$26,158,356$101,524,484