Can I retire at age 75 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,291,811
2 years$674,532$661,969$649,794$637,990$626,540$602,524
3 years$445,221$432,604$420,460$408,766$397,502$374,141
4 years$330,588$318,010$305,987$294,493$283,502$260,976
5 years$261,826$249,324$237,459$226,199$215,514$193,886
6 years$216,000$203,592$191,902$180,893$170,529$149,825
7 years$183,280$170,976$159,471$148,722$138,686$118,910
8 years$158,751$146,558$135,244$124,759$115,053$96,202
9 years$139,683$127,605$116,486$106,267$96,891$78,953
10 years$124,437$112,478$101,555$91,603$82,556$65,515
11 years$111,972$100,132$89,407$79,722$71,001$54,837
12 years$101,592$89,873$79,347$69,927$61,528$46,219
13 years$92,815$81,219$70,891$61,735$53,654$39,176
14 years$85,299$73,826$63,696$54,802$47,032$33,361
15 years$78,790$67,441$57,509$48,873$41,411$28,518
16 years$73,101$61,876$52,140$43,761$36,599$24,456
17 years$68,087$56,986$47,446$39,319$32,451$21,030
18 years$63,634$52,657$43,312$35,434$28,854$18,125
19 years$59,655$48,802$39,650$32,018$25,718$15,651
20 years$56,078$45,349$36,389$28,998$22,972$13,538
21 years$52,846$42,241$33,470$26,318$20,558$11,726
22 years$49,912$39,431$30,848$23,929$18,427$10,170
23 years$47,237$36,879$28,483$21,793$16,541$8,829
24 years$44,789$34,553$26,342$19,876$14,867$7,672
25 years$42,540$32,426$24,398$18,152$13,378$6,671
26 years$40,467$30,475$22,628$16,597$12,051$5,805
27 years$38,551$28,681$21,012$15,192$10,865$5,055
28 years$36,775$27,026$19,533$13,919$9,804$4,403
29 years$35,124$25,496$18,177$12,764$8,852$3,838
30 years$33,587$24,078$16,932$11,714$7,999$3,346
31 years$32,151$22,762$15,785$10,759$7,232$2,918
32 years$30,808$21,537$14,727$9,887$6,541$2,546
33 years$29,549$20,396$13,751$9,092$5,920$2,222
34 years$28,367$19,331$12,848$8,366$5,360$1,939
35 years$27,254$18,335$12,012$7,701$4,855$1,693
36 years$26,206$17,403$11,237$7,092$4,399$1,478
37 years$25,216$16,529$10,518$6,535$3,987$1,291
38 years$24,281$15,708$9,849$6,023$3,614$1,127
39 years$23,397$14,937$9,228$5,554$3,277$985
40 years$22,558$14,211$8,649$5,123$2,973$860
41 years$21,763$13,528$8,110$4,726$2,697$751
42 years$21,007$12,883$7,608$4,362$2,447$656
43 years$20,288$12,275$7,139$4,026$2,221$574
44 years$19,604$11,701$6,701$3,718$2,016$501
45 years$18,953$11,158$6,292$3,433$1,830$438
46 years$18,331$10,644$5,910$3,171$1,662$383
47 years$17,738$10,158$5,552$2,930$1,509$334
48 years$17,171$9,697$5,217$2,707$1,370$292
49 years$16,629$9,260$4,904$2,502$1,245$255
50 years$16,110$8,846$4,610$2,313$1,130$223

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $16,500,000, adding $4,193 every year, while hoping to spend $36,958 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: 23/49/28 Blend
74$16,500,000$16,500,000$16,500,000$16,500,000
75$18,187,325$17,312,825$17,057,075$18,444,455
76$20,003,109$18,121,830$17,589,164$19,476,978
77$22,002,865$18,969,238$18,137,839$20,578,258
78$24,205,317$19,856,892$18,703,618$21,756,552
79$26,631,102$20,786,722$19,287,031$23,018,237
80$29,302,958$21,760,755$19,888,630$24,370,276
81$32,245,941$22,781,113$20,508,980$25,820,275
82$35,487,661$23,850,022$21,148,666$27,376,546
83$39,058,545$24,969,815$21,808,288$29,048,174
84$42,992,120$26,142,940$22,488,469$30,845,093
85$47,325,332$27,371,960$23,189,849$32,778,174
86$52,098,895$28,659,564$23,913,088$34,859,306
87$57,357,671$30,008,572$24,658,865$37,101,508
88$63,151,101$31,421,939$25,427,884$39,519,034
89$69,533,663$32,902,764$26,220,869$42,127,493
90$76,565,393$34,454,296$27,038,564$44,943,988
91$84,312,447$36,079,940$27,881,740$47,987,260
92$92,847,728$37,783,269$28,751,189$51,277,854
93$102,251,574$39,568,026$29,647,731$54,838,293
94$112,612,513$41,438,138$30,572,209$58,693,277
95$124,028,103$43,397,720$31,525,492$62,869,902
96$136,605,850$45,451,089$32,508,476$67,397,893
97$150,464,224$47,602,770$33,522,088$72,309,872
98$165,733,777$49,857,508$34,567,279$77,641,643
99$182,558,373$52,220,277$35,645,034$83,432,512
100$201,096,550$54,696,293$36,756,366$89,725,637