Can I retire at age 75 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,158,031
2 years$600,947$589,755$578,908$568,391$558,190$543,932
3 years$396,652$385,411$374,592$364,174$354,139$340,233
4 years$294,524$283,318$272,607$262,367$252,575$239,129
5 years$233,263$222,125$211,554$201,523$192,003$179,056
6 years$192,436$181,382$170,967$161,159$151,926$139,493
7 years$163,286$152,324$142,074$132,498$123,556$111,643
8 years$141,433$130,570$120,490$111,149$102,502$91,107
9 years$124,445$113,684$103,778$94,674$86,321$75,440
10 years$110,862$100,207$90,476$81,610$73,550$63,175
11 years$99,757$89,209$79,654$71,025$63,256$53,377
12 years$90,509$80,069$70,691$62,299$54,816$45,424
13 years$82,690$72,359$63,158$55,001$47,801$38,883
14 years$75,993$65,772$56,747$48,823$41,902$33,445
15 years$70,195$60,084$51,235$43,542$36,894$28,885
16 years$65,127$55,126$46,452$38,987$32,607$25,032
17 years$60,659$50,769$42,270$35,029$28,911$21,755
18 years$56,692$46,913$38,587$31,569$25,707$18,954
19 years$53,147$43,478$35,324$28,525$22,913$16,548
20 years$49,961$40,402$32,419$25,835$20,466$14,474
21 years$47,081$37,633$29,819$23,447$18,315$12,680
22 years$44,467$35,129$27,483$21,318$16,417$11,123
23 years$42,084$32,856$25,376$19,415$14,737$9,769
24 years$39,903$30,784$23,468$17,708$13,246$8,589
25 years$37,899$28,889$21,736$16,172$11,919$7,558
26 years$36,052$27,151$20,159$14,787$10,736$6,656
27 years$34,345$25,552$18,720$13,535$9,680$5,865
28 years$32,763$24,078$17,402$12,401$8,734$5,172
29 years$31,293$22,714$16,194$11,372$7,887$4,563
30 years$29,923$21,451$15,084$10,436$7,126$4,028
31 years$28,644$20,279$14,063$9,585$6,443$3,556
32 years$27,447$19,188$13,121$8,809$5,828$3,142
33 years$26,326$18,171$12,251$8,100$5,274$2,776
34 years$25,272$17,222$11,447$7,453$4,775$2,454
35 years$24,281$16,335$10,702$6,861$4,325$2,169
36 years$23,347$15,504$10,011$6,319$3,919$1,918
37 years$22,466$14,725$9,370$5,822$3,552$1,696
38 years$21,633$13,994$8,775$5,366$3,220$1,501
39 years$20,844$13,307$8,221$4,948$2,920$1,328
40 years$20,097$12,661$7,706$4,564$2,648$1,175
41 years$19,388$12,052$7,225$4,211$2,403$1,040
42 years$18,715$11,478$6,778$3,886$2,180$920
43 years$18,075$10,936$6,360$3,587$1,979$814
44 years$17,466$10,424$5,970$3,312$1,796$721
45 years$16,885$9,941$5,606$3,059$1,631$638
46 years$16,331$9,483$5,265$2,825$1,480$565
47 years$15,803$9,050$4,946$2,610$1,344$500
48 years$15,298$8,639$4,648$2,412$1,221$443
49 years$14,815$8,250$4,369$2,229$1,109$392
50 years$14,352$7,881$4,107$2,060$1,007$347

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $14,700,000, adding $2,117 every year, while hoping to spend $43,779 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: 64/16/20 Blend
74$14,700,000$14,700,000$14,700,000$14,700,000
75$16,201,584$15,422,484$15,194,634$17,155,719
76$17,807,565$16,131,605$15,657,073$18,506,883
77$19,575,889$16,874,006$16,133,538$19,977,253
78$21,523,068$17,651,271$16,624,450$21,582,608
79$23,667,298$18,465,060$17,130,246$23,336,150
80$26,028,630$19,317,116$17,651,377$25,252,405
81$28,629,156$20,209,260$18,188,304$27,347,358
82$31,493,223$21,143,407$18,741,505$29,638,597
83$34,647,657$22,121,559$19,311,470$32,145,482
84$38,122,020$23,145,818$19,898,707$34,889,320
85$41,948,888$24,218,384$20,503,735$37,893,562
86$46,164,156$25,341,567$21,127,093$41,184,025
87$50,807,381$26,517,785$21,769,331$44,789,126
88$55,922,152$27,749,574$22,431,021$48,740,150
89$61,556,500$29,039,592$23,112,749$53,071,543
90$67,763,355$30,390,624$23,815,119$57,821,226
91$74,601,045$31,805,592$24,538,753$63,030,956
92$82,133,843$33,287,557$25,284,292$68,746,710
93$90,432,576$34,839,729$26,052,397$75,019,117
94$99,575,294$36,465,471$26,843,747$81,903,928
95$109,648,004$38,168,310$27,659,044$89,462,540
96$120,745,487$39,951,943$28,499,007$97,762,569
97$132,972,184$41,820,245$29,364,382$106,878,481
98$146,443,190$43,777,281$30,255,932$116,892,289
99$161,285,335$45,827,308$31,174,446$127,894,322
100$177,638,385$47,974,791$32,120,735$139,984,072