Can I retire at age 75 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$961,401
2 years$511,009$501,492$492,268$483,326$474,651$439,397
3 years$337,289$327,731$318,530$309,671$301,138$267,105
4 years$250,446$240,917$231,808$223,101$214,774$182,221
5 years$198,353$188,882$179,893$171,363$163,268$132,280
6 years$163,636$154,236$145,380$137,040$129,188$99,790
7 years$138,848$129,527$120,812$112,668$105,065$77,249
8 years$120,266$111,029$102,458$94,515$87,161$60,905
9 years$105,820$96,670$88,247$80,506$73,402$48,671
10 years$94,271$85,210$76,936$69,397$62,543$39,295
11 years$84,827$75,858$67,733$60,396$53,789$31,976
12 years$76,963$68,086$60,111$52,975$46,612$26,183
13 years$70,314$61,530$53,705$46,769$40,647$21,546
14 years$64,620$55,929$48,255$41,516$35,631$17,800
15 years$59,690$51,092$43,567$37,025$31,372$14,753
16 years$55,380$46,876$39,500$33,152$27,727$12,260
17 years$51,581$43,171$35,944$29,787$24,584$10,211
18 years$48,208$39,892$32,812$26,844$21,859$8,519
19 years$45,193$36,971$30,038$24,256$19,484$7,117
20 years$42,484$34,356$27,567$21,968$17,403$5,954
21 years$40,035$32,001$25,356$19,938$15,574$4,986
22 years$37,812$29,872$23,370$18,128$13,960$4,179
23 years$35,786$27,938$21,578$16,509$12,531$3,504
24 years$33,931$26,176$19,956$15,058$11,263$2,941
25 years$32,227$24,565$18,483$13,752$10,135$2,469
26 years$30,657$23,087$17,142$12,574$9,129$2,074
27 years$29,205$21,728$15,918$11,509$8,231$1,743
28 years$27,860$20,474$14,798$10,545$7,427$1,465
29 years$26,609$19,315$13,771$9,670$6,706$1,231
30 years$25,445$18,241$12,827$8,874$6,060$1,035
31 years$24,357$17,244$11,958$8,150$5,478$871
32 years$23,340$16,316$11,157$7,490$4,956$732
33 years$22,386$15,452$10,418$6,888$4,485$616
34 years$21,490$14,645$9,734$6,338$4,061$518
35 years$20,647$13,890$9,100$5,834$3,678$436
36 years$19,853$13,184$8,513$5,373$3,332$367
37 years$19,103$12,522$7,968$4,951$3,020$309
38 years$18,395$11,900$7,462$4,563$2,738$260
39 years$17,725$11,316$6,991$4,207$2,483$219
40 years$17,089$10,766$6,552$3,881$2,252$184
41 years$16,487$10,248$6,144$3,580$2,043$155
42 years$15,914$9,760$5,763$3,304$1,854$130
43 years$15,370$9,299$5,408$3,050$1,683$110
44 years$14,852$8,864$5,077$2,816$1,527$92
45 years$14,358$8,453$4,767$2,601$1,387$78
46 years$13,887$8,064$4,477$2,403$1,259$65
47 years$13,438$7,695$4,206$2,220$1,143$55
48 years$13,008$7,346$3,953$2,051$1,038$46
49 years$12,597$7,015$3,715$1,896$943$39
50 years$12,204$6,701$3,493$1,752$856$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $12,500,000, adding $3,120 every year, while hoping to spend $29,019 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: 61/25/14 Blend
74$12,500,000$12,500,000$12,500,000$12,500,000
75$13,778,218$13,115,718$12,921,968$14,571,016
76$15,152,721$13,727,512$13,323,978$15,716,293
77$16,666,449$14,368,312$13,738,483$16,961,953
78$18,333,575$15,039,507$14,165,870$18,320,567
79$20,169,714$15,742,557$14,606,540$19,803,073
80$22,192,070$16,478,988$15,060,905$21,421,497
81$24,419,606$17,250,403$15,529,391$23,189,068
82$26,873,215$18,058,482$16,012,434$25,120,333
83$29,575,921$18,904,985$16,510,488$27,231,297
84$32,553,094$19,791,759$17,024,019$29,539,567
85$35,832,692$20,720,738$17,553,506$32,064,514
86$39,445,524$21,693,951$18,099,446$34,827,450
87$43,425,538$22,713,525$18,662,348$37,851,830
88$47,810,146$23,781,691$19,242,739$41,163,463
89$52,640,572$24,900,785$19,841,163$44,790,752
90$57,962,246$26,073,260$20,458,178$48,764,960
91$63,825,230$27,301,684$21,094,361$53,120,498
92$70,284,690$28,588,752$21,750,308$57,895,241
93$77,401,416$29,937,290$22,426,632$63,130,885
94$85,242,401$31,350,257$23,123,965$68,873,330
95$93,881,467$32,830,761$23,842,958$75,173,111
96$103,399,965$34,382,056$24,584,285$82,085,863
97$113,887,540$36,007,556$25,348,638$89,672,846
98$125,442,983$37,710,840$26,136,731$98,001,509
99$138,175,157$39,495,660$26,949,301$107,146,123
100$152,204,027$41,365,952$27,787,107$117,188,474