Can I retire at age 75 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$999,207$990,306$981,623$973,147$964,871$946,939
2 years$494,657$485,444$476,516$467,859$459,462$441,464
3 years$326,495$317,243$308,337$299,762$291,502$273,997
4 years$242,431$233,207$224,391$215,962$207,902$191,025
5 years$192,006$182,837$174,136$165,879$158,043$141,844
6 years$158,400$149,300$140,728$132,655$125,054$109,549
7 years$134,405$125,382$116,946$109,063$101,703$86,897
8 years$116,417$107,476$99,179$91,490$84,372$70,261
9 years$102,434$93,577$85,423$77,929$71,054$57,629
10 years$91,254$82,484$74,474$67,176$60,541$47,791
11 years$82,113$73,430$65,565$58,463$52,067$39,977
12 years$74,500$65,907$58,188$51,280$45,121$33,673
13 years$68,064$59,561$51,987$45,273$39,346$28,523
14 years$62,552$54,139$46,710$40,188$34,490$24,272
15 years$57,780$49,457$42,173$35,841$30,368$20,734
16 years$53,608$45,376$38,236$32,091$26,839$17,769
17 years$49,930$41,789$34,793$28,834$23,798$15,268
18 years$46,665$38,615$31,762$25,985$21,160$13,150
19 years$43,747$35,788$29,077$23,480$18,860$11,347
20 years$41,124$33,256$26,685$21,265$16,846$9,807
21 years$38,754$30,977$24,545$19,300$15,076$8,488
22 years$36,602$28,916$22,622$17,548$13,513$7,356
23 years$34,641$27,044$20,887$15,981$12,130$6,381
24 years$32,845$25,339$19,317$14,576$10,903$5,540
25 years$31,196$23,779$17,892$13,311$9,811$4,814
26 years$29,676$22,349$16,594$12,171$8,837$4,186
27 years$28,271$21,033$15,409$11,141$7,968$3,642
28 years$26,968$19,819$14,324$10,207$7,189$3,170
29 years$25,758$18,697$13,330$9,360$6,492$2,760
30 years$24,630$17,657$12,416$8,590$5,866$2,405
31 years$23,578$16,692$11,576$7,890$5,303$2,096
32 years$22,593$15,794$10,800$7,251$4,797$1,827
33 years$21,669$14,957$10,084$6,668$4,341$1,593
34 years$20,802$14,176$9,422$6,135$3,931$1,389
35 years$19,986$13,446$8,809$5,647$3,560$1,211
36 years$19,218$12,762$8,241$5,201$3,226$1,057
37 years$18,492$12,121$7,713$4,792$2,924$922
38 years$17,806$11,519$7,223$4,417$2,650$805
39 years$17,158$10,954$6,767$4,073$2,403$702
40 years$16,543$10,421$6,343$3,757$2,180$613
41 years$15,959$9,920$5,948$3,466$1,978$535
42 years$15,405$9,448$5,579$3,199$1,795$467
43 years$14,878$9,002$5,235$2,953$1,629$408
44 years$14,377$8,581$4,914$2,726$1,478$356
45 years$13,899$8,182$4,614$2,518$1,342$311
46 years$13,443$7,806$4,334$2,326$1,219$271
47 years$13,008$7,449$4,071$2,149$1,107$237
48 years$12,592$7,111$3,826$1,985$1,005$207
49 years$12,194$6,791$3,596$1,835$913$181
50 years$11,814$6,487$3,381$1,696$829$158

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $12,100,000, adding $5,289 every year, while hoping to spend $31,040 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: 73/14/13 Blend
74$12,100,000$12,100,000$12,100,000$12,100,000
75$13,339,656$12,698,356$12,510,806$14,276,522
76$14,667,274$13,287,549$12,896,891$15,486,236
77$16,129,269$13,904,572$13,294,870$16,806,529
78$17,739,315$14,550,756$13,705,109$18,251,854
79$19,512,479$15,227,497$14,127,983$19,834,589
80$21,465,363$15,936,256$14,563,882$21,568,358
81$23,616,264$16,678,566$15,013,206$23,468,157
82$25,985,342$17,456,035$15,476,368$25,550,497
83$28,594,813$18,270,346$15,953,792$27,833,553
84$31,469,157$19,123,267$16,445,917$30,337,339
85$34,635,351$20,016,647$16,953,196$33,083,886
86$38,123,122$20,952,427$17,476,092$36,097,459
87$41,965,226$21,932,642$18,015,088$39,404,771
88$46,197,762$22,959,425$18,570,676$43,035,241
89$50,860,507$24,035,010$19,143,367$47,021,267
90$55,997,296$25,161,742$19,733,686$51,398,525
91$61,656,430$26,342,078$20,342,175$56,206,308
92$67,891,140$27,578,593$20,969,392$61,487,889
93$74,760,082$28,873,990$21,615,912$67,290,929
94$82,327,893$30,231,098$22,282,328$73,667,923
95$90,665,802$31,652,886$22,969,250$80,676,688
96$99,852,303$33,142,467$23,677,309$88,380,913
97$109,973,893$34,703,103$24,407,154$96,850,746
98$121,125,889$36,338,214$25,159,453$106,163,459
99$133,413,331$38,051,388$25,934,896$116,404,172
100$146,951,969$39,846,384$26,734,193$127,666,650