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%15.6%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,262,120
2 years$662,268$649,934$637,980$626,390$615,148$585,399
3 years$437,126$424,739$412,815$401,334$390,275$361,397
4 years$324,577$312,228$300,424$289,139$278,348$250,563
5 years$257,066$244,791$233,141$222,086$211,595$184,982
6 years$212,073$199,890$188,413$177,604$167,428$142,014
7 years$179,948$167,867$156,572$146,018$136,164$111,952
8 years$155,865$143,893$132,785$122,491$112,961$89,943
9 years$137,143$125,285$114,368$104,335$95,130$73,287
10 years$122,175$110,433$99,709$89,938$81,055$60,365
11 years$109,936$98,312$87,782$78,273$69,710$50,144
12 years$99,744$88,239$77,904$68,656$60,409$41,936
13 years$91,127$79,742$69,602$60,613$52,678$35,263
14 years$83,748$72,484$62,538$53,805$46,177$29,785
15 years$77,358$66,215$56,463$47,985$40,658$25,250
16 years$71,772$60,751$51,192$42,965$35,934$21,471
17 years$66,849$55,950$46,583$38,604$31,861$18,304
18 years$62,477$51,700$42,524$34,790$28,330$15,638
19 years$58,570$47,915$38,929$31,436$25,251$13,384
20 years$55,059$44,525$35,727$28,471$22,555$11,473
21 years$51,886$41,473$32,862$25,839$20,184$9,847
22 years$49,005$38,714$30,287$23,494$18,092$8,461
23 years$46,378$36,208$27,965$21,396$16,240$7,277
24 years$43,974$33,925$25,863$19,515$14,597$6,264
25 years$41,766$31,837$23,954$17,822$13,135$5,395
26 years$39,731$29,921$22,216$16,295$11,832$4,650
27 years$37,850$28,159$20,630$14,916$10,667$4,010
28 years$36,106$26,534$19,178$13,666$9,625$3,459
29 years$34,486$25,032$17,847$12,532$8,691$2,985
30 years$32,976$23,640$16,624$11,501$7,853$2,577
31 years$31,567$22,348$15,498$10,563$7,100$2,225
32 years$30,248$21,146$14,460$9,708$6,423$1,922
33 years$29,012$20,025$13,501$8,927$5,812$1,661
34 years$27,851$18,979$12,615$8,214$5,262$1,435
35 years$26,759$18,002$11,794$7,561$4,766$1,240
36 years$25,729$17,086$11,033$6,964$4,319$1,072
37 years$24,758$16,228$10,327$6,416$3,914$926
38 years$23,840$15,422$9,670$5,914$3,549$801
39 years$22,971$14,665$9,060$5,453$3,218$692
40 years$22,148$13,953$8,492$5,029$2,919$599
41 years$21,367$13,282$7,963$4,640$2,648$518
42 years$20,625$12,649$7,469$4,282$2,403$448
43 years$19,919$12,052$7,009$3,953$2,181$387
44 years$19,248$11,488$6,579$3,650$1,979$335
45 years$18,608$10,955$6,178$3,371$1,797$290
46 years$17,998$10,451$5,802$3,114$1,631$250
47 years$17,415$9,973$5,451$2,877$1,481$217
48 years$16,858$9,521$5,122$2,658$1,345$187
49 years$16,326$9,092$4,815$2,457$1,222$162
50 years$15,817$8,685$4,527$2,271$1,110$140

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 $6,768 every year, while hoping to spend $30,342 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: 54/29/17 Blend
74$16,200,000$16,200,000$16,200,000$16,200,000
75$17,859,381$17,000,781$16,749,681$18,741,880
76$19,648,754$17,801,536$17,278,512$20,146,155
77$21,619,627$18,640,510$17,824,041$21,670,129
78$23,790,479$19,519,546$18,386,797$23,328,323
79$26,181,676$20,440,572$18,967,323$25,133,539
80$28,815,660$21,405,612$19,566,181$27,099,845
81$31,717,158$22,416,789$20,183,949$29,242,704
82$34,913,422$23,476,325$20,821,225$31,579,113
83$38,434,480$24,586,553$21,478,625$34,127,760
84$42,313,422$25,749,920$22,156,784$36,909,193
85$46,586,712$26,968,988$22,856,358$39,946,005
86$51,294,535$28,246,445$23,578,023$43,263,045
87$56,481,168$29,585,112$24,322,478$46,887,643
88$62,195,407$30,987,943$25,090,441$50,849,862
89$68,491,024$32,458,037$25,882,656$55,182,774
90$75,427,271$33,998,644$26,699,888$59,922,762
91$83,069,446$35,613,170$27,542,927$65,109,858
92$91,489,503$37,305,190$28,412,589$70,788,111
93$100,766,736$39,078,447$29,309,714$77,005,996
94$110,988,524$40,936,872$30,235,170$83,816,855
95$122,251,157$42,884,582$31,189,852$91,279,402
96$134,660,745$44,925,897$32,174,682$99,458,255
97$148,334,220$47,065,345$33,190,613$108,424,544
98$163,400,439$49,307,675$34,238,628$118,256,566
99$180,001,401$51,657,868$35,319,738$129,040,515
100$198,293,585$54,121,145$36,434,991$140,871,282