Can I retire at age 75 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,164,943
2 years$605,035$593,767$582,846$572,257$561,987$546,665
3 years$399,350$388,033$377,140$366,651$356,548$341,609
4 years$296,528$285,245$274,461$264,151$254,293$239,853
5 years$234,850$223,636$212,993$202,894$193,309$179,411
6 years$193,746$182,615$172,130$162,256$152,959$139,619
7 years$164,396$153,360$143,041$133,399$124,397$111,619
8 years$142,395$131,458$121,310$111,905$103,199$90,983
9 years$125,291$114,458$104,484$95,319$86,909$75,248
10 years$111,617$100,889$91,092$82,165$74,050$62,938
11 years$100,435$89,816$80,196$71,509$63,686$53,111
12 years$91,125$80,614$71,172$62,723$55,189$45,140
13 years$83,252$72,851$63,587$55,375$48,126$38,589
14 years$76,510$66,220$57,133$49,155$42,187$33,149
15 years$70,673$60,493$51,584$43,838$37,144$28,590
16 years$65,570$55,501$46,768$39,252$32,828$24,742
17 years$61,072$51,114$42,557$35,268$29,108$21,473
18 years$57,078$47,232$38,849$31,783$25,881$18,681
19 years$53,509$43,774$35,565$28,719$23,069$16,286
20 years$50,301$40,677$32,639$26,011$20,605$14,224
21 years$47,402$37,889$30,022$23,606$18,439$12,442
22 years$44,770$35,368$27,670$21,463$16,528$10,898
23 years$42,370$33,079$25,548$19,547$14,837$9,557
24 years$40,174$30,993$23,628$17,828$13,336$8,389
25 years$38,157$29,085$21,884$16,282$12,000$7,370
26 years$36,298$27,336$20,296$14,887$10,809$6,481
27 years$34,579$25,726$18,847$13,627$9,745$5,702
28 years$32,986$24,241$17,521$12,485$8,793$5,020
29 years$31,506$22,869$16,305$11,449$7,940$4,421
30 years$30,126$21,597$15,187$10,507$7,175$3,896
31 years$28,839$20,417$14,158$9,650$6,486$3,435
32 years$27,634$19,318$13,210$8,869$5,867$3,029
33 years$26,505$18,295$12,334$8,155$5,310$2,672
34 years$25,444$17,339$11,524$7,504$4,808$2,358
35 years$24,446$16,446$10,775$6,908$4,354$2,081
36 years$23,506$15,610$10,079$6,362$3,945$1,837
37 years$22,618$14,826$9,434$5,861$3,576$1,622
38 years$21,780$14,090$8,835$5,403$3,242$1,432
39 years$20,986$13,398$8,277$4,982$2,940$1,265
40 years$20,234$12,747$7,758$4,595$2,666$1,117
41 years$19,520$12,134$7,275$4,239$2,419$987
42 years$18,843$11,556$6,824$3,912$2,195$872
43 years$18,198$11,010$6,403$3,612$1,992$771
44 years$17,585$10,495$6,011$3,335$1,808$681
45 years$17,000$10,008$5,644$3,080$1,642$602
46 years$16,442$9,547$5,301$2,845$1,491$532
47 years$15,910$9,111$4,980$2,628$1,353$470
48 years$15,402$8,698$4,680$2,429$1,229$415
49 years$14,915$8,306$4,399$2,244$1,116$367
50 years$14,450$7,934$4,135$2,075$1,014$325

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $14,800,000, adding $3,688 every year, while hoping to spend $51,169 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: 52/39/9 Blend
74$14,800,000$14,800,000$14,800,000$14,800,000
75$16,313,404$15,529,004$15,299,604$17,124,111
76$17,922,928$16,235,482$15,757,697$18,382,447
77$19,694,908$16,974,862$16,229,422$19,744,357
78$21,645,862$17,748,703$16,715,180$21,224,233
79$23,793,987$18,558,637$17,215,387$22,833,211
80$26,159,340$19,406,376$17,730,468$24,583,523
81$28,764,017$20,293,713$18,260,863$26,488,606
82$31,632,368$21,222,527$18,807,023$28,563,224
83$34,791,225$22,194,786$19,369,414$30,823,603
84$38,270,155$23,212,556$19,948,515$33,287,574
85$42,101,738$24,277,998$20,544,817$35,974,738
86$46,321,876$25,393,380$21,158,829$38,906,642
87$50,970,129$26,561,077$21,791,071$42,106,977
88$56,090,091$27,783,579$22,442,081$45,601,793
89$61,729,801$29,063,496$23,112,412$49,419,738
90$67,942,196$30,403,562$23,802,632$53,592,316
91$74,785,606$31,806,643$24,513,327$58,154,183
92$82,324,315$33,275,745$25,245,100$63,143,460
93$90,629,154$34,814,016$25,998,570$68,602,083
94$99,778,181$36,424,756$26,774,376$74,576,191
95$109,857,413$38,111,426$27,573,174$81,116,553
96$120,961,634$39,877,651$28,395,641$88,279,030
97$133,195,297$41,727,232$29,242,471$96,125,098
98$146,673,504$43,664,154$30,114,381$104,722,412
99$161,523,095$45,692,591$31,012,107$114,145,433
100$177,883,845$47,816,922$31,936,406$124,476,119