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

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,270,061
2 years$674,532$661,969$649,794$637,990$626,540$580,998
3 years$445,221$432,604$420,460$408,766$397,502$353,522
4 years$330,588$318,010$305,987$294,493$283,502$241,419
5 years$261,826$249,324$237,459$226,199$215,514$175,439
6 years$216,000$203,592$191,902$180,893$170,529$132,493
7 years$183,280$170,976$159,471$148,722$138,686$102,682
8 years$158,751$146,558$135,244$124,759$115,053$81,053
9 years$139,683$127,605$116,486$106,267$96,891$64,852
10 years$124,437$112,478$101,555$91,603$82,556$52,424
11 years$111,972$100,132$89,407$79,722$71,001$42,716
12 years$101,592$89,873$79,347$69,927$61,528$35,024
13 years$92,815$81,219$70,891$61,735$53,654$28,860
14 years$85,299$73,826$63,696$54,802$47,032$23,876
15 years$78,790$67,441$57,509$48,873$41,411$19,818
16 years$73,101$61,876$52,140$43,761$36,599$16,493
17 years$68,087$56,986$47,446$39,319$32,451$13,756
18 years$63,634$52,657$43,312$35,434$28,854$11,493
19 years$59,655$48,802$39,650$32,018$25,718$9,617
20 years$56,078$45,349$36,389$28,998$22,972$8,058
21 years$52,846$42,241$33,470$26,318$20,558$6,758
22 years$49,912$39,431$30,848$23,929$18,427$5,673
23 years$47,237$36,879$28,483$21,793$16,541$4,765
24 years$44,789$34,553$26,342$19,876$14,867$4,005
25 years$42,540$32,426$24,398$18,152$13,378$3,368
26 years$40,467$30,475$22,628$16,597$12,051$2,833
27 years$38,551$28,681$21,012$15,192$10,865$2,385
28 years$36,775$27,026$19,533$13,919$9,804$2,007
29 years$35,124$25,496$18,177$12,764$8,852$1,690
30 years$33,587$24,078$16,932$11,714$7,999$1,424
31 years$32,151$22,762$15,785$10,759$7,232$1,199
32 years$30,808$21,537$14,727$9,887$6,541$1,010
33 years$29,549$20,396$13,751$9,092$5,920$851
34 years$28,367$19,331$12,848$8,366$5,360$717
35 years$27,254$18,335$12,012$7,701$4,855$605
36 years$26,206$17,403$11,237$7,092$4,399$510
37 years$25,216$16,529$10,518$6,535$3,987$430
38 years$24,281$15,708$9,849$6,023$3,614$362
39 years$23,397$14,937$9,228$5,554$3,277$305
40 years$22,558$14,211$8,649$5,123$2,973$257
41 years$21,763$13,528$8,110$4,726$2,697$217
42 years$21,007$12,883$7,608$4,362$2,447$183
43 years$20,288$12,275$7,139$4,026$2,221$154
44 years$19,604$11,701$6,701$3,718$2,016$130
45 years$18,953$11,158$6,292$3,433$1,830$110
46 years$18,331$10,644$5,910$3,171$1,662$92
47 years$17,738$10,158$5,552$2,930$1,509$78
48 years$17,171$9,697$5,217$2,707$1,370$66
49 years$16,629$9,260$4,904$2,502$1,245$55
50 years$16,110$8,846$4,610$2,313$1,130$47

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 $3,071 every year, while hoping to spend $49,765 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: 45/33/22 Blend
74$16,500,000$16,500,000$16,500,000$16,500,000
75$18,186,168$17,311,668$17,055,918$18,889,085
76$19,988,207$18,106,990$17,574,341$20,179,803
77$21,972,387$18,939,615$18,108,464$21,573,547
78$24,157,232$19,811,318$18,658,760$23,084,010
79$26,563,158$20,723,960$19,225,716$24,722,069
80$29,212,657$21,679,491$19,809,834$26,499,670
81$32,130,516$22,679,955$20,411,632$28,429,929
82$35,344,050$23,727,493$21,031,643$30,527,254
83$38,883,355$24,824,353$21,670,415$32,807,472
84$42,781,597$25,972,886$22,328,513$35,287,974
85$47,075,321$27,175,559$23,006,521$37,987,868
86$51,804,801$28,434,958$23,705,036$40,928,158
87$57,014,414$29,753,794$24,424,678$44,131,929
88$62,753,061$31,134,907$25,166,081$47,624,560
89$69,074,629$32,581,274$25,929,901$51,433,953
90$76,038,502$34,096,017$26,716,814$55,590,789
91$83,710,115$35,682,407$27,527,513$60,128,810
92$92,161,577$37,343,875$28,362,714$65,085,125
93$101,472,348$39,084,015$29,223,155$70,500,549
94$111,729,992$40,906,596$30,109,596$76,419,984
95$123,031,001$42,815,569$31,022,817$82,892,825
96$135,481,706$44,815,075$31,963,624$89,973,418
97$149,199,281$46,909,455$32,932,847$97,721,563
98$164,312,850$49,103,261$33,931,339$106,203,061
99$180,964,703$51,401,263$34,959,982$115,490,326
100$199,311,642$53,808,464$36,019,680$125,663,054