Can I retire at age 75 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,285,968
2 years$682,708$669,993$657,671$645,723$634,134$588,544
3 years$450,618$437,848$425,556$413,721$402,321$358,286
4 years$334,595$321,865$309,696$298,063$286,938$244,796
5 years$265,000$252,346$240,337$228,941$218,126$177,987
6 years$218,618$206,059$194,228$183,086$172,596$134,491
7 years$185,501$173,048$161,404$150,525$140,367$104,290
8 years$160,675$148,334$136,884$126,272$116,448$82,371
9 years$141,376$129,152$117,898$107,555$98,066$65,947
10 years$125,946$113,841$102,786$92,714$83,557$53,343
11 years$113,329$101,346$90,491$80,689$71,862$43,493
12 years$102,823$90,963$80,309$70,775$62,274$35,684
13 years$93,940$82,204$71,750$62,484$54,304$29,424
14 years$86,333$74,721$64,468$55,466$47,603$24,360
15 years$79,745$68,259$58,206$49,466$41,913$20,234
16 years$73,987$62,626$52,772$44,291$37,043$16,851
17 years$68,912$57,676$48,021$39,795$32,845$14,065
18 years$64,405$53,296$43,837$35,864$29,204$11,761
19 years$60,378$49,394$40,130$32,406$26,030$9,848
20 years$56,758$45,899$36,830$29,350$23,251$8,258
21 years$53,487$42,753$33,876$26,637$20,807$6,931
22 years$50,517$39,909$31,222$24,219$18,650$5,822
23 years$47,810$37,326$28,828$22,057$16,742$4,895
24 years$45,332$34,972$26,661$20,117$15,048$4,117
25 years$43,055$32,819$24,694$18,372$13,541$3,465
26 years$40,957$30,845$22,902$16,798$12,197$2,918
27 years$39,018$29,029$21,267$15,376$10,997$2,457
28 years$37,221$27,353$19,770$14,088$9,922$2,070
29 years$35,550$25,805$18,398$12,919$8,960$1,745
30 years$33,994$24,370$17,137$11,856$8,096$1,471
31 years$32,541$23,038$15,976$10,889$7,319$1,240
32 years$31,182$21,798$14,906$10,007$6,621$1,045
33 years$29,907$20,643$13,918$9,202$5,992$882
34 years$28,710$19,565$13,004$8,467$5,425$744
35 years$27,584$18,557$12,158$7,794$4,914$627
36 years$26,523$17,614$11,373$7,178$4,452$529
37 years$25,522$16,729$10,645$6,614$4,035$446
38 years$24,576$15,898$9,969$6,096$3,658$377
39 years$23,680$15,118$9,340$5,621$3,317$318
40 years$22,832$14,383$8,754$5,185$3,009$268
41 years$22,026$13,692$8,209$4,783$2,730$226
42 years$21,262$13,039$7,700$4,415$2,477$191
43 years$20,534$12,424$7,225$4,075$2,248$161
44 years$19,842$11,843$6,782$3,763$2,040$136
45 years$19,182$11,293$6,368$3,475$1,852$115
46 years$18,553$10,773$5,981$3,210$1,682$97
47 years$17,953$10,281$5,619$2,966$1,527$82
48 years$17,379$9,814$5,281$2,740$1,387$69
49 years$16,830$9,372$4,963$2,533$1,260$58
50 years$16,305$8,953$4,666$2,341$1,144$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $16,700,000, adding $2,841 every year, while hoping to spend $56,949 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: 40/49/11 Blend
74$16,700,000$16,700,000$16,700,000$16,700,000
75$18,406,330$17,521,230$17,262,380$19,081,871
76$20,223,183$18,319,177$17,780,077$20,356,098
77$22,223,446$19,154,315$18,313,208$21,727,822
78$24,425,766$20,028,406$18,862,229$23,210,447
79$26,850,693$20,943,296$19,427,612$24,814,032
80$29,520,867$21,900,921$20,009,841$26,549,608
81$32,461,238$22,903,309$20,609,413$28,429,271
82$35,699,298$23,952,585$21,226,843$30,466,292
83$39,265,342$25,050,977$21,862,657$32,675,228
84$43,192,750$26,200,818$22,517,399$35,072,056
85$47,518,308$27,404,555$23,191,629$37,674,313
86$52,282,549$28,664,752$23,885,923$40,501,248
87$57,530,140$29,984,097$24,600,872$43,573,999
88$63,310,301$31,365,404$25,337,088$46,915,780
89$69,677,269$32,811,626$26,095,198$50,552,088
90$76,690,811$34,325,856$26,875,848$54,510,931
91$84,416,788$35,911,338$27,679,703$58,823,083
92$92,927,776$37,571,468$28,507,448$63,522,360
93$102,303,749$39,309,810$29,359,787$68,645,927
94$112,632,837$41,130,097$30,237,446$74,234,633
95$124,012,157$43,036,242$31,141,171$80,333,383
96$136,548,727$45,032,348$32,071,730$86,991,548
97$150,360,478$47,122,713$33,029,914$94,263,411
98$165,577,366$49,311,846$34,016,536$102,208,666
99$182,342,601$51,604,470$35,032,433$110,892,964
100$200,813,995$54,005,537$36,078,468$120,388,513