Can I retire at age 75 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,243,505
2 years$654,092$641,910$630,104$618,657$607,554$575,164
3 years$431,730$419,495$407,719$396,379$385,457$354,049
4 years$320,570$308,373$296,715$285,569$274,911$244,725
5 years$253,892$241,768$230,263$219,344$208,983$180,104
6 years$209,455$197,422$186,087$175,411$165,361$137,817
7 years$177,726$165,795$154,639$144,215$134,483$108,276
8 years$153,940$142,117$131,146$120,979$111,567$86,685
9 years$135,450$123,738$112,956$103,047$93,955$70,378
10 years$120,667$109,069$98,478$88,828$80,054$57,753
11 years$108,579$97,098$86,698$77,307$68,850$47,791
12 years$98,513$87,150$76,942$67,808$59,664$39,812
13 years$90,002$78,758$68,743$59,865$52,028$33,343
14 years$82,714$71,589$61,766$53,141$45,607$28,047
15 years$76,403$65,398$55,766$47,392$40,156$23,677
16 years$70,886$60,001$50,560$42,435$35,490$20,048
17 years$66,023$55,259$46,008$38,127$31,468$17,017
18 years$61,706$51,062$41,999$34,360$27,980$14,474
19 years$57,847$47,323$38,448$31,048$24,939$12,333
20 years$54,379$43,975$35,286$28,120$22,276$10,523
21 years$51,245$40,961$32,456$25,520$19,935$8,991
22 years$48,400$38,236$29,913$23,204$17,869$7,689
23 years$45,806$35,761$27,620$21,132$16,040$6,582
24 years$43,431$33,506$25,544$19,274$14,417$5,639
25 years$41,250$31,444$23,659$17,602$12,973$4,834
26 years$39,241$29,552$21,942$16,094$11,686$4,146
27 years$37,383$27,812$20,375$14,731$10,536$3,558
28 years$35,661$26,207$18,941$13,497$9,506$3,054
29 years$34,060$24,723$17,627$12,377$8,584$2,623
30 years$32,569$23,348$16,418$11,359$7,756$2,253
31 years$31,177$22,072$15,306$10,433$7,012$1,936
32 years$29,875$20,885$14,281$9,588$6,343$1,664
33 years$28,654$19,778$13,334$8,817$5,741$1,430
34 years$27,507$18,745$12,459$8,112$5,197$1,230
35 years$26,428$17,779$11,648$7,468$4,708$1,057
36 years$25,412$16,875$10,897$6,878$4,265$909
37 years$24,452$16,028$10,199$6,337$3,866$782
38 years$23,546$15,232$9,551$5,841$3,505$673
39 years$22,688$14,484$8,948$5,385$3,178$579
40 years$21,875$13,780$8,387$4,967$2,883$498
41 years$21,103$13,118$7,864$4,583$2,615$428
42 years$20,370$12,493$7,377$4,230$2,373$368
43 years$19,674$11,903$6,922$3,904$2,154$317
44 years$19,010$11,346$6,498$3,605$1,955$273
45 years$18,378$10,820$6,101$3,329$1,775$235
46 years$17,776$10,322$5,731$3,075$1,611$202
47 years$17,200$9,850$5,384$2,841$1,463$174
48 years$16,650$9,403$5,059$2,625$1,329$149
49 years$16,125$8,979$4,755$2,426$1,207$129
50 years$15,622$8,577$4,471$2,243$1,096$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $16,000,000, adding $6,104 every year, while hoping to spend $54,817 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: 45/28/27 Blend
74$16,000,000$16,000,000$16,000,000$16,000,000
75$17,638,296$16,790,296$16,542,296$18,294,090
76$19,379,078$17,554,696$17,038,138$19,524,662
77$21,295,581$18,354,714$17,548,754$20,852,648
78$23,405,674$19,192,038$18,074,580$22,291,841
79$25,729,040$20,068,436$18,616,066$23,852,648
80$28,287,374$20,985,761$19,173,676$25,546,499
81$31,104,578$21,945,955$19,747,886$27,385,951
82$34,206,991$22,951,053$20,339,187$29,384,802
83$37,623,638$24,003,187$20,948,083$31,558,212
84$41,386,499$25,104,594$21,575,094$33,922,841
85$45,530,818$26,257,615$22,220,756$36,497,005
86$50,095,429$27,464,706$22,885,618$39,300,835
87$55,123,124$28,728,438$23,570,248$42,356,467
88$60,661,061$30,051,510$24,275,229$45,688,242
89$66,761,201$31,436,746$25,001,162$49,322,924
90$73,480,806$32,887,109$25,748,663$53,289,952
91$80,882,975$34,405,704$26,518,370$57,621,706
92$89,037,239$35,995,784$27,310,936$62,353,807
93$98,020,221$37,660,761$28,127,036$67,525,440
94$107,916,354$39,404,208$28,967,362$73,179,721
95$118,818,682$41,229,874$29,832,628$79,364,088
96$130,829,735$43,141,686$30,723,569$86,130,747
97$144,062,500$45,143,760$31,640,940$93,537,147
98$158,641,483$47,240,412$32,585,520$101,646,515
99$174,703,887$49,436,165$33,558,107$110,528,443
100$192,400,907$51,735,761$34,559,527$120,259,531