Can I retire at age 75 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,230,693
2 years$641,827$629,874$618,289$607,057$596,162$574,822
3 years$423,635$411,630$400,074$388,947$378,230$357,460
4 years$314,560$302,591$291,151$280,215$269,757$249,718
5 years$249,132$237,235$225,945$215,232$205,065$185,815
6 years$205,527$193,720$182,598$172,122$162,261$143,821
7 years$174,394$162,686$151,739$141,511$131,961$114,338
8 years$151,054$139,452$128,687$118,710$109,475$92,663
9 years$132,910$121,418$110,838$101,115$92,194$76,185
10 years$118,404$107,024$96,631$87,162$78,553$63,334
11 years$106,543$95,277$85,073$75,857$67,559$53,112
12 years$96,666$85,516$75,500$66,537$58,545$44,852
13 years$88,315$77,281$67,454$58,742$51,052$38,093
14 years$81,163$70,247$60,608$52,145$44,752$32,504
15 years$74,970$64,171$54,721$46,504$39,403$27,843
16 years$69,557$58,876$49,612$41,639$34,825$23,928
17 years$64,785$54,223$45,145$37,412$30,878$20,619
18 years$60,549$50,104$41,212$33,716$27,455$17,810
19 years$56,763$46,436$37,727$30,465$24,472$15,413
20 years$53,359$43,151$34,624$27,592$21,858$13,362
21 years$50,284$40,193$31,848$25,042$19,561$11,600
22 years$47,492$37,519$29,353$22,769$17,533$10,084
23 years$44,947$35,091$27,102$20,736$15,739$8,774
24 years$42,617$32,878$25,065$18,912$14,147$7,642
25 years$40,477$30,854$23,215$17,272$12,730$6,662
26 years$38,505$28,998$21,531$15,792$11,467$5,811
27 years$36,682$27,290$19,993$14,455$10,338$5,072
28 years$34,992$25,716$18,586$13,244$9,328$4,429
29 years$33,421$24,260$17,296$12,145$8,423$3,870
30 years$31,958$22,911$16,111$11,146$7,611$3,382
31 years$30,592$21,658$15,019$10,237$6,881$2,957
32 years$29,314$20,493$14,013$9,408$6,224$2,586
33 years$28,116$19,407$13,084$8,651$5,633$2,262
34 years$26,991$18,394$12,225$7,960$5,100$1,980
35 years$25,933$17,446$11,430$7,328$4,619$1,733
36 years$24,935$16,559$10,692$6,749$4,185$1,517
37 years$23,994$15,727$10,008$6,218$3,793$1,328
38 years$23,104$14,946$9,372$5,731$3,439$1,163
39 years$22,262$14,213$8,780$5,284$3,119$1,018
40 years$21,464$13,522$8,230$4,874$2,829$892
41 years$20,707$12,872$7,717$4,497$2,566$781
42 years$19,988$12,259$7,239$4,150$2,329$684
43 years$19,305$11,680$6,793$3,831$2,113$599
44 years$18,654$11,133$6,376$3,537$1,918$525
45 years$18,034$10,617$5,987$3,267$1,741$460
46 years$17,442$10,128$5,623$3,018$1,581$403
47 years$16,878$9,665$5,283$2,788$1,436$353
48 years$16,338$9,227$4,964$2,576$1,304$309
49 years$15,822$8,811$4,666$2,381$1,184$271
50 years$15,329$8,417$4,387$2,201$1,076$238

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $15,700,000, adding $6,308 every year, while hoping to spend $41,990 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: 74/5/21 Blend
74$15,700,000$15,700,000$15,700,000$15,700,000
75$17,307,907$16,475,807$16,232,457$18,500,866
76$19,028,636$17,238,444$16,731,567$20,056,760
77$20,923,473$18,037,044$17,245,990$21,755,615
78$23,010,131$18,873,323$17,776,195$23,616,303
79$25,308,131$19,749,082$18,322,664$25,654,939
80$27,838,982$20,666,209$18,885,895$27,889,273
81$30,626,387$21,626,682$19,466,401$30,338,849
82$33,696,464$22,632,575$20,064,711$33,025,188
83$37,077,994$23,686,062$20,681,369$35,971,994
84$40,802,691$24,789,420$21,316,937$39,205,370
85$44,905,503$25,945,040$21,971,993$42,754,067
86$49,424,942$27,155,425$22,647,132$46,649,751
87$54,403,445$28,423,199$23,342,970$50,927,299
88$59,887,776$29,751,115$24,060,138$55,625,129
89$65,929,466$31,142,057$24,799,290$60,785,557
90$72,585,303$32,599,049$25,561,097$66,455,195
91$79,917,862$34,125,261$26,346,252$72,685,392
92$87,996,102$35,724,016$27,155,470$79,532,708
93$96,896,010$37,398,799$27,989,484$87,059,454
94$106,701,325$39,153,262$28,849,053$95,334,273
95$117,504,322$40,991,234$29,734,959$104,432,784
96$129,406,688$42,916,729$30,648,005$114,438,297
97$142,520,479$44,933,957$31,589,022$125,442,590
98$156,969,177$47,047,330$32,558,863$137,546,780
99$172,888,857$49,261,474$33,558,410$150,862,266
100$190,429,474$51,581,239$34,588,569$165,511,784