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

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,149,777
2 years$605,035$593,767$582,846$572,257$561,987$531,566
3 years$399,350$388,033$377,140$366,651$356,548$327,053
4 years$296,528$285,245$274,461$264,151$254,293$225,951
5 years$234,850$223,636$212,993$202,894$193,309$166,200
6 years$193,746$182,615$172,130$162,256$152,959$127,108
7 years$164,396$153,360$143,041$133,399$124,397$99,806
8 years$142,395$131,458$121,310$111,905$103,199$79,857
9 years$125,291$114,458$104,484$95,319$86,909$64,795
10 years$111,617$100,889$91,092$82,165$74,050$53,139
11 years$100,435$89,816$80,196$71,509$63,686$43,945
12 years$91,125$80,614$71,172$62,723$55,189$36,584
13 years$83,252$72,851$63,587$55,375$48,126$30,619
14 years$76,510$66,220$57,133$49,155$42,187$25,738
15 years$70,673$60,493$51,584$43,838$37,144$21,713
16 years$65,570$55,501$46,768$39,252$32,828$18,371
17 years$61,072$51,114$42,557$35,268$29,108$15,582
18 years$57,078$47,232$38,849$31,783$25,881$13,244
19 years$53,509$43,774$35,565$28,719$23,069$11,276
20 years$50,301$40,677$32,639$26,011$20,605$9,615
21 years$47,402$37,889$30,022$23,606$18,439$8,208
22 years$44,770$35,368$27,670$21,463$16,528$7,015
23 years$42,370$33,079$25,548$19,547$14,837$6,000
24 years$40,174$30,993$23,628$17,828$13,336$5,136
25 years$38,157$29,085$21,884$16,282$12,000$4,399
26 years$36,298$27,336$20,296$14,887$10,809$3,770
27 years$34,579$25,726$18,847$13,627$9,745$3,233
28 years$32,986$24,241$17,521$12,485$8,793$2,773
29 years$31,506$22,869$16,305$11,449$7,940$2,379
30 years$30,126$21,597$15,187$10,507$7,175$2,042
31 years$28,839$20,417$14,158$9,650$6,486$1,753
32 years$27,634$19,318$13,210$8,869$5,867$1,506
33 years$26,505$18,295$12,334$8,155$5,310$1,293
34 years$25,444$17,339$11,524$7,504$4,808$1,111
35 years$24,446$16,446$10,775$6,908$4,354$954
36 years$23,506$15,610$10,079$6,362$3,945$820
37 years$22,618$14,826$9,434$5,861$3,576$705
38 years$21,780$14,090$8,835$5,403$3,242$606
39 years$20,986$13,398$8,277$4,982$2,940$520
40 years$20,234$12,747$7,758$4,595$2,666$447
41 years$19,520$12,134$7,275$4,239$2,419$385
42 years$18,843$11,556$6,824$3,912$2,195$331
43 years$18,198$11,010$6,403$3,612$1,992$284
44 years$17,585$10,495$6,011$3,335$1,808$244
45 years$17,000$10,008$5,644$3,080$1,642$210
46 years$16,442$9,547$5,301$2,845$1,491$181
47 years$15,910$9,111$4,980$2,628$1,353$155
48 years$15,402$8,698$4,680$2,429$1,229$133
49 years$14,915$8,306$4,399$2,244$1,116$115
50 years$14,450$7,934$4,135$2,075$1,014$99

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 $2,125 every year, while hoping to spend $47,587 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: 75/5/20 Blend
74$14,800,000$14,800,000$14,800,000$14,800,000
75$16,311,792$15,527,392$15,297,992$17,458,015
76$17,924,963$16,237,602$15,759,842$18,928,540
77$19,701,082$16,981,017$16,235,570$20,533,964
78$21,656,720$17,759,215$16,725,589$22,292,543
79$23,810,136$18,573,847$17,230,327$24,219,544
80$26,181,450$19,426,646$17,750,224$26,331,777
81$28,792,833$20,319,426$18,285,731$28,647,755
82$31,668,714$21,254,091$18,837,315$31,187,866
83$34,836,014$22,232,632$19,405,457$33,974,563
84$38,324,397$23,257,141$19,990,649$37,032,576
85$42,166,551$24,329,806$20,593,401$40,389,142
86$46,398,496$25,452,924$21,214,237$44,074,259
87$51,059,925$26,628,899$21,853,696$48,120,973
88$56,194,576$27,860,254$22,512,334$52,565,679
89$61,850,648$29,149,632$23,190,722$57,448,471
90$68,081,252$30,499,801$23,889,449$62,813,513
91$74,944,915$31,913,668$24,609,122$68,709,455
92$82,506,133$33,394,273$25,350,363$75,189,892
93$90,835,975$34,944,809$26,113,817$82,313,862
94$100,012,759$36,568,619$26,900,144$90,146,408
95$110,122,787$38,269,209$27,710,026$98,759,183
96$121,261,163$40,050,252$28,544,164$108,231,130
97$133,532,688$41,915,600$29,403,280$118,649,216
98$147,052,850$43,869,292$30,288,117$130,109,258
99$161,948,912$45,915,559$31,199,440$142,716,821
100$178,361,118$48,058,838$32,138,038$156,588,211