Can I retire at age 75 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,287,819
2 years$666,356$653,946$641,918$630,257$618,945$606,889
3 years$439,824$427,361$415,363$403,811$392,684$380,912
4 years$326,581$314,155$302,278$290,923$280,066$268,668
5 years$258,653$246,302$234,580$223,457$212,901$201,911
6 years$213,382$201,124$189,576$178,700$168,462$157,893
7 years$181,058$168,903$157,538$146,919$137,004$126,862
8 years$156,827$144,781$133,605$123,247$113,658$103,942
9 years$137,990$126,058$115,074$104,979$95,717$86,423
10 years$122,929$111,114$100,324$90,493$81,556$72,679
11 years$110,615$98,918$88,324$78,756$70,140$61,674
12 years$100,360$88,784$78,385$69,080$60,782$52,718
13 years$91,690$80,235$70,032$60,987$53,003$45,332
14 years$84,265$72,931$62,924$54,137$46,462$39,174
15 years$77,835$66,624$56,812$48,281$40,909$33,992
16 years$72,215$61,126$51,508$43,230$36,156$29,600
17 years$67,261$56,295$46,870$38,842$32,058$25,852
18 years$62,863$52,019$42,787$35,005$28,505$22,636
19 years$58,932$48,211$39,169$31,630$25,407$19,863
20 years$55,399$44,800$35,948$28,647$22,694$17,463
21 years$52,206$41,729$33,065$25,999$20,308$15,379
22 years$49,307$38,953$30,474$23,639$18,204$13,562
23 years$46,665$36,432$28,138$21,528$16,341$11,975
24 years$44,246$34,134$26,023$19,635$14,687$10,585
25 years$42,024$32,033$24,102$17,932$13,216$9,366
26 years$39,976$30,106$22,353$16,396$11,905$8,294
27 years$38,084$28,333$20,757$15,008$10,733$7,350
28 years$36,329$26,698$19,296$13,750$9,685$6,517
29 years$34,699$25,187$17,957$12,609$8,745$5,783
30 years$33,180$23,786$16,726$11,572$7,902$5,133
31 years$31,762$22,486$15,593$10,628$7,144$4,559
32 years$30,435$21,276$14,549$9,768$6,462$4,050
33 years$29,191$20,149$13,584$8,982$5,848$3,600
34 years$28,023$19,097$12,692$8,264$5,295$3,200
35 years$26,924$18,113$11,867$7,608$4,796$2,846
36 years$25,888$17,192$11,101$7,007$4,345$2,532
37 years$24,911$16,328$10,390$6,456$3,938$2,252
38 years$23,987$15,518$9,730$5,950$3,570$2,004
39 years$23,113$14,756$9,116$5,486$3,238$1,784
40 years$22,285$14,039$8,544$5,060$2,937$1,588
41 years$21,499$13,364$8,012$4,669$2,664$1,414
42 years$20,752$12,727$7,515$4,309$2,418$1,259
43 years$20,042$12,126$7,052$3,978$2,194$1,121
44 years$19,367$11,559$6,620$3,673$1,992$998
45 years$18,723$11,023$6,216$3,392$1,808$889
46 years$18,109$10,515$5,838$3,133$1,642$792
47 years$17,523$10,035$5,485$2,895$1,491$705
48 years$16,963$9,579$5,154$2,675$1,354$628
49 years$16,427$9,148$4,845$2,472$1,229$560
50 years$15,914$8,738$4,555$2,285$1,117$499

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $16,300,000, adding $6,588 every year, while hoping to spend $29,370 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: 24/47/29 Blend
74$16,300,000$16,300,000$16,300,000$16,300,000
75$17,969,396$17,105,496$16,852,846$18,236,730
76$19,771,024$17,912,415$17,386,166$19,273,082
77$21,755,435$18,757,890$17,936,369$20,379,723
78$23,941,240$19,643,777$18,503,988$21,564,776
79$26,348,950$20,572,026$19,089,575$22,834,791
80$29,001,166$21,544,678$19,693,699$24,196,923
81$31,922,794$22,563,876$20,316,947$25,658,990
82$35,141,278$23,631,866$20,959,924$27,229,542
83$38,686,862$24,751,001$21,623,255$28,917,923
84$42,592,873$25,923,750$22,307,585$30,734,359
85$46,896,035$27,152,703$23,013,578$32,690,039
86$51,636,818$28,440,573$23,741,920$34,797,210
87$56,859,819$29,790,207$24,493,320$37,069,281
88$62,614,182$31,204,588$25,268,507$39,520,942
89$68,954,061$32,686,845$26,068,235$42,168,283
90$75,939,134$34,240,260$26,893,280$45,028,938
91$83,635,166$35,868,273$27,744,445$48,122,237
92$92,114,626$37,574,491$28,622,557$51,469,374
93$101,457,373$39,362,696$29,528,468$55,093,591
94$111,751,413$41,236,856$30,463,060$59,020,382
95$123,093,725$43,201,130$31,427,240$63,277,720
96$135,591,178$45,259,878$32,421,945$67,896,301
97$149,361,541$47,417,675$33,448,143$72,909,817
98$164,534,593$49,679,316$34,506,831$78,355,255
99$181,253,349$52,049,830$35,599,037$84,273,228
100$199,675,409$54,534,490$36,725,823$90,708,336