Can I retire at age 75 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,276,741
2 years$678,620$665,981$653,733$641,856$630,337$583,520
3 years$447,919$435,226$423,008$411,244$399,912$354,715
4 years$332,592$319,937$307,842$296,278$285,220$241,989
5 years$263,413$250,835$238,898$227,570$216,820$175,668
6 years$217,309$204,825$193,065$181,989$171,562$132,521
7 years$184,391$172,012$160,438$149,624$139,526$102,586
8 years$159,713$147,446$136,064$125,515$115,750$80,882
9 years$140,529$128,378$117,192$106,911$97,479$64,636
10 years$125,192$113,159$102,171$92,159$83,057$52,183
11 years$112,651$100,739$89,949$80,206$71,431$42,464
12 years$102,207$90,418$79,828$70,351$61,901$34,771
13 years$93,377$81,711$71,321$62,109$53,979$28,613
14 years$85,816$74,273$64,082$55,134$47,318$23,639
15 years$79,268$67,850$57,857$49,170$41,662$19,593
16 years$73,544$62,251$52,456$44,026$36,821$16,282
17 years$68,499$57,331$47,733$39,557$32,648$13,560
18 years$64,020$52,976$43,574$35,649$29,029$11,313
19 years$60,017$49,098$39,890$32,212$25,874$9,452
20 years$56,418$45,624$36,609$29,174$23,111$7,907
21 years$53,167$42,497$33,673$26,477$20,682$6,621
22 years$50,215$39,670$31,035$24,074$18,539$5,549
23 years$47,523$37,102$28,656$21,925$16,641$4,654
24 years$45,060$34,762$26,501$19,996$14,958$3,905
25 years$42,797$32,623$24,546$18,262$13,460$3,279
26 years$40,712$30,660$22,765$16,698$12,124$2,754
27 years$38,785$28,855$21,139$15,284$10,931$2,314
28 years$36,998$27,190$19,652$14,003$9,863$1,945
29 years$35,337$25,650$18,288$12,841$8,906$1,635
30 years$33,790$24,224$17,034$11,785$8,047$1,375
31 years$32,346$22,900$15,880$10,824$7,275$1,156
32 years$30,995$21,668$14,817$9,947$6,581$973
33 years$29,728$20,520$13,834$9,147$5,956$818
34 years$28,538$19,448$12,926$8,416$5,392$688
35 years$27,419$18,446$12,085$7,748$4,884$579
36 years$26,365$17,508$11,305$7,135$4,425$487
37 years$25,369$16,629$10,582$6,574$4,011$410
38 years$24,429$15,803$9,909$6,060$3,636$345
39 years$23,538$15,027$9,284$5,587$3,297$290
40 years$22,695$14,297$8,702$5,154$2,991$244
41 years$21,894$13,610$8,159$4,755$2,713$206
42 years$21,134$12,961$7,654$4,388$2,462$173
43 years$20,411$12,350$7,182$4,051$2,234$146
44 years$19,723$11,772$6,742$3,740$2,028$123
45 years$19,067$11,225$6,330$3,454$1,841$103
46 years$18,442$10,709$5,945$3,191$1,672$87
47 years$17,845$10,219$5,586$2,948$1,518$73
48 years$17,275$9,756$5,249$2,724$1,379$62
49 years$16,729$9,316$4,934$2,517$1,252$52
50 years$16,207$8,899$4,638$2,327$1,137$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $16,600,000, adding $5,994 every year, while hoping to spend $26,665 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: 71/23/6 Blend
74$16,600,000$16,600,000$16,600,000$16,600,000
75$18,299,383$17,419,583$17,162,283$19,584,329
76$20,137,549$18,244,771$17,708,848$21,258,494
77$22,162,313$19,109,500$18,272,829$23,086,392
78$24,392,682$20,015,678$18,854,782$25,086,277
79$26,849,598$20,965,309$19,455,280$27,275,053
80$29,556,139$21,960,490$20,074,913$29,671,319
81$32,537,734$23,003,424$20,714,292$32,295,543
82$35,822,409$24,096,418$21,374,047$35,170,246
83$39,441,045$25,241,892$22,054,827$38,320,214
84$43,427,670$26,442,384$22,757,303$41,772,728
85$47,819,787$27,700,554$23,482,166$45,557,814
86$52,658,717$29,019,194$24,230,131$49,708,520
87$57,990,000$30,401,228$25,001,934$54,261,230
88$63,863,817$31,849,725$25,798,336$59,255,993
89$70,335,466$33,367,901$26,620,120$64,736,901
90$77,465,886$34,959,131$27,468,096$70,752,498
91$85,322,229$36,626,951$28,343,101$77,356,230
92$93,978,496$38,375,072$29,245,994$84,606,946
93$103,516,235$40,207,382$30,177,667$92,569,444
94$114,025,309$42,127,961$31,139,037$101,315,076
95$125,604,746$44,141,087$32,131,050$110,922,415
96$138,363,675$46,251,246$33,154,685$121,477,988
97$152,422,353$48,463,140$34,210,950$133,077,084
98$167,913,302$50,781,703$35,300,886$145,824,645
99$184,982,560$53,212,107$36,425,567$159,836,251
100$203,791,058$55,759,777$37,586,100$175,239,193