Can I retire at age 75 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$971,790
2 years$502,833$493,468$484,392$475,592$467,057$457,959
3 years$331,892$322,487$313,434$304,717$296,320$287,437
4 years$246,438$237,062$228,100$219,531$211,338$202,737
5 years$195,180$185,859$177,015$168,621$160,656$152,363
6 years$161,018$151,768$143,054$134,848$127,121$119,146
7 years$136,627$127,455$118,879$110,866$103,384$95,730
8 years$118,342$109,252$100,818$93,002$85,767$78,435
9 years$104,127$95,124$86,835$79,217$72,228$65,215
10 years$92,762$83,847$75,705$68,286$61,542$54,844
11 years$83,470$74,644$66,649$59,429$52,928$46,539
12 years$75,732$66,996$59,149$52,128$45,866$39,781
13 years$69,189$60,545$52,846$46,021$39,996$34,207
14 years$63,586$55,034$47,482$40,852$35,061$29,560
15 years$58,735$50,274$42,870$36,433$30,870$25,651
16 years$54,494$46,126$38,868$32,622$27,283$22,336
17 years$50,755$42,480$35,369$29,310$24,191$19,508
18 years$47,436$39,254$32,287$26,415$21,510$17,081
19 years$44,470$36,380$29,557$23,868$19,172$14,989
20 years$41,804$33,806$27,126$21,617$17,125$13,178
21 years$39,395$31,489$24,951$19,619$15,325$11,605
22 years$37,207$29,394$22,996$17,838$13,736$10,234
23 years$35,213$27,491$21,233$16,245$12,331$9,036
24 years$33,388$25,758$19,637$14,817$11,083$7,988
25 years$31,711$24,172$18,187$13,531$9,973$7,067
26 years$30,166$22,718$16,868$12,372$8,983$6,258
27 years$28,738$21,380$15,663$11,325$8,099$5,546
28 years$27,414$20,147$14,561$10,376$7,308$4,918
29 years$26,184$19,006$13,550$9,515$6,599$4,364
30 years$25,037$17,949$12,622$8,732$5,963$3,874
31 years$23,967$16,968$11,767$8,020$5,391$3,440
32 years$22,966$16,055$10,979$7,371$4,876$3,056
33 years$22,027$15,204$10,251$6,778$4,413$2,716
34 years$21,146$14,410$9,578$6,236$3,996$2,415
35 years$20,317$13,668$8,955$5,741$3,619$2,148
36 years$19,535$12,973$8,377$5,287$3,279$1,910
37 years$18,798$12,321$7,841$4,871$2,972$1,700
38 years$18,101$11,710$7,342$4,490$2,694$1,513
39 years$17,441$11,135$6,879$4,140$2,443$1,346
40 years$16,816$10,594$6,448$3,819$2,216$1,198
41 years$16,223$10,084$6,046$3,523$2,010$1,067
42 years$15,660$9,604$5,671$3,251$1,824$950
43 years$15,124$9,151$5,322$3,001$1,656$846
44 years$14,614$8,722$4,995$2,771$1,503$753
45 years$14,128$8,318$4,690$2,559$1,364$671
46 years$13,665$7,935$4,405$2,364$1,239$598
47 years$13,223$7,572$4,139$2,184$1,125$532
48 years$12,800$7,229$3,889$2,018$1,022$474
49 years$12,396$6,903$3,656$1,865$928$423
50 years$12,009$6,594$3,437$1,724$843$376

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $12,300,000, adding $6,323 every year, while hoping to spend $49,295 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: 38/39/23 Blend
74$12,300,000$12,300,000$12,300,000$12,300,000
75$13,561,122$12,909,222$12,718,572$13,982,988
76$14,891,907$13,489,325$13,092,195$14,870,272
77$16,356,780$14,096,200$13,476,682$15,823,484
78$17,969,366$14,731,108$13,872,345$16,852,680
79$19,744,677$15,395,368$14,279,504$17,964,765
80$21,699,257$16,090,364$14,698,491$19,167,308
81$23,851,334$16,817,545$15,129,643$20,468,619
82$26,220,994$17,578,428$15,573,309$21,877,810
83$28,830,368$18,374,604$16,029,848$23,404,888
84$31,703,846$19,207,740$16,499,629$25,060,833
85$34,868,302$20,079,583$16,983,030$26,857,706
86$38,353,348$20,991,961$17,480,440$28,808,747
87$42,191,615$21,946,793$17,992,261$30,928,501
88$46,419,062$22,946,088$18,518,904$33,232,947
89$51,075,311$23,991,952$19,060,792$35,739,638
90$56,204,026$25,086,590$19,618,361$38,467,865
91$61,853,318$26,232,315$20,192,058$41,438,828
92$68,076,208$27,431,550$20,782,344$44,675,830
93$74,931,119$28,686,833$21,389,690$48,204,489
94$82,482,431$30,000,826$22,014,583$52,052,968
95$90,801,090$31,376,318$22,657,522$56,252,236
96$99,965,274$32,816,230$23,319,022$60,836,350
97$110,061,133$34,323,626$23,999,610$65,842,763
98$121,183,600$35,901,715$24,699,829$71,312,673
99$133,437,291$37,553,862$25,420,236$77,291,397
100$146,937,486$39,283,593$26,161,405$83,828,789