Can I retire at age 75 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$970,020
2 years$506,921$497,480$488,330$479,459$470,854$452,013
3 years$334,590$325,109$315,982$307,194$298,729$280,408
4 years$248,442$238,989$229,954$221,316$213,056$195,396
5 years$196,766$187,371$178,454$169,992$161,962$145,013
6 years$162,327$153,002$144,217$135,944$128,155$111,937
7 years$137,738$128,491$119,845$111,767$104,224$88,740
8 years$119,304$110,140$101,638$93,759$86,464$71,710
9 years$104,974$95,897$87,541$79,861$72,815$58,782
10 years$93,517$84,529$76,320$68,841$62,042$48,717
11 years$84,149$75,251$67,191$59,913$53,358$40,726
12 years$76,348$67,541$59,630$52,551$46,239$34,282
13 years$69,752$61,037$53,276$46,395$40,322$29,019
14 years$64,103$55,481$47,869$41,184$35,346$24,678
15 years$59,212$50,683$43,219$36,729$31,121$21,066
16 years$54,937$46,501$39,184$32,887$27,505$18,041
17 years$51,168$42,826$35,656$29,549$24,388$15,491
18 years$47,822$39,573$32,549$26,629$21,684$13,332
19 years$44,832$36,676$29,797$24,062$19,328$11,495
20 years$42,144$34,081$27,347$21,793$17,264$9,928
21 years$39,715$31,745$25,154$19,778$15,449$8,587
22 years$37,510$29,633$23,183$17,983$13,848$7,435
23 years$35,499$27,715$21,405$16,377$12,431$6,445
24 years$33,659$25,967$19,796$14,937$11,173$5,591
25 years$31,969$24,369$18,335$13,641$10,054$4,855
26 years$30,411$22,903$17,005$12,473$9,056$4,218
27 years$28,972$21,554$15,791$11,417$8,165$3,666
28 years$27,637$20,310$14,680$10,460$7,368$3,189
29 years$26,397$19,160$13,661$9,592$6,653$2,775
30 years$25,241$18,095$12,724$8,803$6,011$2,415
31 years$24,162$17,106$11,863$8,085$5,435$2,103
32 years$23,153$16,186$11,068$7,431$4,916$1,831
33 years$22,207$15,328$10,334$6,833$4,449$1,596
34 years$21,318$14,527$9,656$6,287$4,028$1,390
35 years$20,482$13,779$9,027$5,787$3,648$1,212
36 years$19,694$13,078$8,445$5,330$3,306$1,056
37 years$18,951$12,421$7,904$4,911$2,996$921
38 years$18,248$11,805$7,402$4,527$2,716$803
39 years$17,583$11,225$6,935$4,174$2,463$700
40 years$16,953$10,680$6,500$3,850$2,234$610
41 years$16,355$10,166$6,095$3,552$2,027$532
42 years$15,787$9,682$5,717$3,278$1,839$464
43 years$15,247$9,225$5,365$3,026$1,669$405
44 years$14,733$8,793$5,036$2,794$1,515$353
45 years$14,243$8,385$4,729$2,580$1,375$308
46 years$13,776$7,999$4,441$2,383$1,249$269
47 years$13,330$7,634$4,172$2,202$1,134$235
48 years$12,904$7,287$3,921$2,035$1,030$205
49 years$12,497$6,959$3,685$1,880$935$178
50 years$12,107$6,648$3,465$1,738$850$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $12,400,000, adding $6,075 every year, while hoping to spend $52,905 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: 69/7/24 Blend
74$12,400,000$12,400,000$12,400,000$12,400,000
75$13,671,066$13,013,866$12,821,666$14,530,587
76$15,009,225$13,595,255$13,194,902$15,688,485
77$16,482,102$14,203,359$13,578,867$16,948,468
78$18,103,384$14,839,431$13,973,867$18,326,090
79$19,888,149$15,504,784$14,380,212$19,832,992
80$21,853,015$16,200,793$14,798,224$21,481,987
81$24,016,290$16,928,899$15,228,231$23,287,187
82$26,398,149$17,690,612$15,670,574$25,264,125
83$29,020,821$18,487,513$16,125,599$27,429,908
84$31,908,802$19,321,259$16,593,665$29,803,372
85$35,089,085$20,193,586$17,075,138$32,405,262
86$38,591,413$21,106,313$17,570,396$35,258,419
87$42,448,561$22,061,346$18,079,828$38,388,003
88$46,696,644$23,060,681$18,603,831$41,821,719
89$51,375,458$24,106,411$19,142,816$45,590,084
90$56,528,858$25,200,728$19,697,204$49,726,709
91$62,205,167$26,345,930$20,267,426$54,268,616
92$68,457,637$27,544,423$20,853,927$59,256,580
93$75,344,945$28,798,729$21,457,164$64,735,521
94$82,931,756$30,111,493$22,077,604$70,754,916
95$91,289,322$31,485,483$22,715,731$77,369,269
96$100,496,163$32,923,602$23,372,039$84,638,620
97$110,638,805$34,428,892$24,047,035$92,629,112
98$121,812,596$36,004,541$24,741,244$101,413,608
99$134,122,605$37,653,888$25,455,200$111,072,382
100$147,684,617$39,380,434$26,189,455$121,693,865