Can I retire at age 75 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,280,987
2 years$662,268$649,934$637,980$626,390$615,148$604,239
3 years$437,126$424,739$412,815$401,334$390,275$379,619
4 years$324,577$312,228$300,424$289,139$278,348$268,027
5 years$257,066$244,791$233,141$222,086$211,595$201,640
6 years$212,073$199,890$188,413$177,604$167,428$157,851
7 years$179,948$167,867$156,572$146,018$136,164$126,969
8 years$155,865$143,893$132,785$122,491$112,961$104,148
9 years$137,143$125,285$114,368$104,335$95,130$86,696
10 years$122,175$110,433$99,709$89,938$81,055$72,996
11 years$109,936$98,312$87,782$78,273$69,710$62,020
12 years$99,744$88,239$77,904$68,656$60,409$53,080
13 years$91,127$79,742$69,602$60,613$52,678$45,702
14 years$83,748$72,484$62,538$53,805$46,177$39,546
15 years$77,358$66,215$56,463$47,985$40,658$34,362
16 years$71,772$60,751$51,192$42,965$35,934$29,962
17 years$66,849$55,950$46,583$38,604$31,861$26,205
18 years$62,477$51,700$42,524$34,790$28,330$22,977
19 years$58,570$47,915$38,929$31,436$25,251$20,192
20 years$55,059$44,525$35,727$28,471$22,555$17,779
21 years$51,886$41,473$32,862$25,839$20,184$15,679
22 years$49,005$38,714$30,287$23,494$18,092$13,848
23 years$46,378$36,208$27,965$21,396$16,240$12,246
24 years$43,974$33,925$25,863$19,515$14,597$10,842
25 years$41,766$31,837$23,954$17,822$13,135$9,607
26 years$39,731$29,921$22,216$16,295$11,832$8,521
27 years$37,850$28,159$20,630$14,916$10,667$7,563
28 years$36,106$26,534$19,178$13,666$9,625$6,717
29 years$34,486$25,032$17,847$12,532$8,691$5,970
30 years$32,976$23,640$16,624$11,501$7,853$5,308
31 years$31,567$22,348$15,498$10,563$7,100$4,722
32 years$30,248$21,146$14,460$9,708$6,423$4,202
33 years$29,012$20,025$13,501$8,927$5,812$3,741
34 years$27,851$18,979$12,615$8,214$5,262$3,331
35 years$26,759$18,002$11,794$7,561$4,766$2,968
36 years$25,729$17,086$11,033$6,964$4,319$2,644
37 years$24,758$16,228$10,327$6,416$3,914$2,356
38 years$23,840$15,422$9,670$5,914$3,549$2,101
39 years$22,971$14,665$9,060$5,453$3,218$1,873
40 years$22,148$13,953$8,492$5,029$2,919$1,670
41 years$21,367$13,282$7,963$4,640$2,648$1,489
42 years$20,625$12,649$7,469$4,282$2,403$1,328
43 years$19,919$12,052$7,009$3,953$2,181$1,185
44 years$19,248$11,488$6,579$3,650$1,979$1,057
45 years$18,608$10,955$6,178$3,371$1,797$943
46 years$17,998$10,451$5,802$3,114$1,631$842
47 years$17,415$9,973$5,451$2,877$1,481$751
48 years$16,858$9,521$5,122$2,658$1,345$670
49 years$16,326$9,092$4,815$2,457$1,222$598
50 years$15,817$8,685$4,527$2,271$1,110$534

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $16,200,000, adding $3,347 every year, while hoping to spend $44,582 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: 72/16/12 Blend
74$16,200,000$16,200,000$16,200,000$16,200,000
75$17,855,852$16,997,252$16,746,152$19,096,930
76$19,629,714$17,782,683$17,259,714$20,704,242
77$21,583,016$18,605,105$17,788,985$22,457,873
78$23,734,014$19,466,285$18,334,446$24,376,880
79$26,102,823$20,368,073$18,896,589$26,477,597
80$28,711,611$21,312,408$19,475,925$28,778,000
81$31,584,803$22,301,325$20,072,977$31,297,876
82$34,749,317$23,336,953$20,688,285$34,059,007
83$38,234,811$24,421,528$21,322,406$37,085,369
84$42,073,969$25,557,390$21,975,914$40,403,360
85$46,302,806$26,746,994$22,649,400$44,042,041
86$50,961,009$27,992,914$23,343,471$48,033,408
87$56,092,311$29,297,846$24,058,757$52,412,692
88$61,744,905$30,664,618$24,795,903$57,218,685
89$67,971,895$32,096,194$25,555,576$62,494,104
90$74,831,802$33,595,681$26,338,461$68,285,986
91$82,389,113$35,166,337$27,145,267$74,646,134
92$90,714,890$36,811,575$27,976,721$81,631,596
93$99,887,442$38,534,976$28,833,575$89,305,198
94$109,993,063$40,340,292$29,716,602$97,736,135
95$121,126,846$42,231,457$30,626,598$107,000,617
96$133,393,582$44,212,595$31,564,387$117,182,584
97$146,908,746$46,288,031$32,530,812$128,374,491
98$161,799,591$48,462,297$33,526,747$140,678,172
99$178,206,346$50,740,147$34,553,090$154,205,801
100$196,283,540$53,126,561$35,610,766$169,080,939