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

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 $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%17.6%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,136,041
2 years$600,947$589,755$578,908$568,391$558,190$522,078
3 years$396,652$385,411$374,592$364,174$354,139$319,204
4 years$294,524$283,318$272,607$262,367$252,575$219,086
5 years$233,263$222,125$211,554$201,523$192,003$160,051
6 years$192,436$181,382$170,967$161,159$151,926$121,538
7 years$163,286$152,324$142,074$132,498$123,556$94,731
8 years$141,433$130,570$120,490$111,149$102,502$75,220
9 years$124,445$113,684$103,778$94,674$86,321$60,553
10 years$110,862$100,207$90,476$81,610$73,550$49,258
11 years$99,757$89,209$79,654$71,025$63,256$40,397
12 years$90,509$80,069$70,691$62,299$54,816$33,343
13 years$82,690$72,359$63,158$55,001$47,801$27,662
14 years$75,993$65,772$56,747$48,823$41,902$23,045
15 years$70,195$60,084$51,235$43,542$36,894$19,264
16 years$65,127$55,126$46,452$38,987$32,607$16,148
17 years$60,659$50,769$42,270$35,029$28,911$13,567
18 years$56,692$46,913$38,587$31,569$25,707$11,421
19 years$53,147$43,478$35,324$28,525$22,913$9,629
20 years$49,961$40,402$32,419$25,835$20,466$8,130
21 years$47,081$37,633$29,819$23,447$18,315$6,871
22 years$44,467$35,129$27,483$21,318$16,417$5,813
23 years$42,084$32,856$25,376$19,415$14,737$4,922
24 years$39,903$30,784$23,468$17,708$13,246$4,170
25 years$37,899$28,889$21,736$16,172$11,919$3,535
26 years$36,052$27,151$20,159$14,787$10,736$2,998
27 years$34,345$25,552$18,720$13,535$9,680$2,543
28 years$32,763$24,078$17,402$12,401$8,734$2,159
29 years$31,293$22,714$16,194$11,372$7,887$1,833
30 years$29,923$21,451$15,084$10,436$7,126$1,556
31 years$28,644$20,279$14,063$9,585$6,443$1,322
32 years$27,447$19,188$13,121$8,809$5,828$1,123
33 years$26,326$18,171$12,251$8,100$5,274$954
34 years$25,272$17,222$11,447$7,453$4,775$811
35 years$24,281$16,335$10,702$6,861$4,325$689
36 years$23,347$15,504$10,011$6,319$3,919$585
37 years$22,466$14,725$9,370$5,822$3,552$498
38 years$21,633$13,994$8,775$5,366$3,220$423
39 years$20,844$13,307$8,221$4,948$2,920$360
40 years$20,097$12,661$7,706$4,564$2,648$306
41 years$19,388$12,052$7,225$4,211$2,403$260
42 years$18,715$11,478$6,778$3,886$2,180$221
43 years$18,075$10,936$6,360$3,587$1,979$188
44 years$17,466$10,424$5,970$3,312$1,796$160
45 years$16,885$9,941$5,606$3,059$1,631$136
46 years$16,331$9,483$5,265$2,825$1,480$115
47 years$15,803$9,050$4,946$2,610$1,344$98
48 years$15,298$8,639$4,648$2,412$1,221$83
49 years$14,815$8,250$4,369$2,229$1,109$71
50 years$14,352$7,881$4,107$2,060$1,007$60

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 $4,691 every year, while hoping to spend $47,984 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: 56/18/26 Blend
74$14,700,000$14,700,000$14,700,000$14,700,000
75$16,204,239$15,425,139$15,197,289$16,995,837
76$17,806,017$16,129,916$15,655,343$18,244,658
77$19,569,567$16,867,619$16,127,135$19,599,169
78$21,511,342$17,639,811$16,613,072$21,073,982
79$23,649,466$18,448,129$17,113,577$22,680,706
80$26,003,913$19,294,289$17,629,084$24,432,108
81$28,596,694$20,180,091$18,160,040$26,342,231
82$31,452,060$21,107,419$18,706,904$28,426,521
83$34,596,737$22,078,248$19,270,152$30,701,971
84$38,060,172$23,094,651$19,850,270$33,187,276
85$41,874,817$24,158,796$20,447,762$35,903,007
86$46,076,429$25,272,958$21,063,143$38,871,800
87$50,704,413$26,439,521$21,696,946$42,118,565
88$55,802,189$27,660,984$22,349,720$45,670,717
89$61,417,605$28,939,964$23,022,028$49,558,429
90$67,603,386$30,279,208$23,714,452$53,814,916
91$74,417,635$31,681,593$24,427,589$58,476,736
92$81,924,376$33,150,133$25,162,056$63,584,135
93$90,194,163$34,687,991$25,918,486$69,181,422
94$99,304,744$36,298,478$26,697,531$75,317,377
95$109,341,794$37,985,069$27,499,864$82,045,707
96$120,399,723$39,751,404$28,326,176$89,425,551
97$132,582,571$41,601,299$29,177,179$97,522,023
98$146,004,985$43,538,754$30,053,606$106,406,828
99$160,793,303$45,567,963$30,956,211$116,158,927
100$177,086,747$47,693,321$31,885,772$126,865,275