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

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,316,132
2 years$682,708$669,993$657,671$645,723$634,134$618,483
3 years$450,618$437,848$425,556$413,721$402,321$387,054
4 years$334,595$321,865$309,696$298,063$286,938$272,174
5 years$265,000$252,346$240,337$228,941$218,126$203,906
6 years$218,618$206,059$194,228$183,086$172,596$158,938
7 years$185,501$173,048$161,404$150,525$140,367$127,277
8 years$160,675$148,334$136,884$126,272$116,448$103,924
9 years$141,376$129,152$117,898$107,555$98,066$86,104
10 years$125,946$113,841$102,786$92,714$83,557$72,149
11 years$113,329$101,346$90,491$80,689$71,862$60,997
12 years$102,823$90,963$80,309$70,775$62,274$51,942
13 years$93,940$82,204$71,750$62,484$54,304$44,491
14 years$86,333$74,721$64,468$55,466$47,603$38,295
15 years$79,745$68,259$58,206$49,466$41,913$33,095
16 years$73,987$62,626$52,772$44,291$37,043$28,700
17 years$68,912$57,676$48,021$39,795$32,845$24,961
18 years$64,405$53,296$43,837$35,864$29,204$21,763
19 years$60,378$49,394$40,130$32,406$26,030$19,014
20 years$56,758$45,899$36,830$29,350$23,251$16,643
21 years$53,487$42,753$33,876$26,637$20,807$14,591
22 years$50,517$39,909$31,222$24,219$18,650$12,810
23 years$47,810$37,326$28,828$22,057$16,742$11,259
24 years$45,332$34,972$26,661$20,117$15,048$9,906
25 years$43,055$32,819$24,694$18,372$13,541$8,724
26 years$40,957$30,845$22,902$16,798$12,197$7,689
27 years$39,018$29,029$21,267$15,376$10,997$6,781
28 years$37,221$27,353$19,770$14,088$9,922$5,984
29 years$35,550$25,805$18,398$12,919$8,960$5,284
30 years$33,994$24,370$17,137$11,856$8,096$4,668
31 years$32,541$23,038$15,976$10,889$7,319$4,125
32 years$31,182$21,798$14,906$10,007$6,621$3,647
33 years$29,907$20,643$13,918$9,202$5,992$3,225
34 years$28,710$19,565$13,004$8,467$5,425$2,853
35 years$27,584$18,557$12,158$7,794$4,914$2,524
36 years$26,523$17,614$11,373$7,178$4,452$2,234
37 years$25,522$16,729$10,645$6,614$4,035$1,978
38 years$24,576$15,898$9,969$6,096$3,658$1,751
39 years$23,680$15,118$9,340$5,621$3,317$1,550
40 years$22,832$14,383$8,754$5,185$3,009$1,373
41 years$22,026$13,692$8,209$4,783$2,730$1,216
42 years$21,262$13,039$7,700$4,415$2,477$1,077
43 years$20,534$12,424$7,225$4,075$2,248$954
44 years$19,842$11,843$6,782$3,763$2,040$845
45 years$19,182$11,293$6,368$3,475$1,852$749
46 years$18,553$10,773$5,981$3,210$1,682$664
47 years$17,953$10,281$5,619$2,966$1,527$588
48 years$17,379$9,814$5,281$2,740$1,387$521
49 years$16,830$9,372$4,963$2,533$1,260$462
50 years$16,305$8,953$4,666$2,341$1,144$409

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 $6,273 every year, while hoping to spend $51,179 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: 54/30/16 Blend
74$16,700,000$16,700,000$16,700,000$16,700,000
75$18,409,871$17,524,771$17,265,921$19,324,998
76$20,233,223$18,329,030$17,789,875$20,754,358
77$22,240,843$19,170,983$18,329,666$22,303,403
78$24,451,470$20,052,423$18,885,771$23,988,383
79$26,885,756$20,975,228$19,458,681$25,822,258
80$29,566,457$21,941,368$20,048,901$27,819,274
81$32,518,647$22,952,907$20,656,951$29,995,088
82$35,769,958$24,012,008$21,283,367$32,366,912
83$39,350,837$25,120,939$21,928,703$34,953,669
84$43,294,833$26,282,076$22,593,526$37,776,168
85$47,638,920$27,497,911$23,278,422$40,857,290
86$52,423,835$28,771,054$23,983,994$44,222,199
87$57,694,473$30,104,242$24,710,865$47,898,576
88$63,500,303$31,500,344$25,459,673$51,916,866
89$69,895,839$32,962,366$26,231,077$56,310,567
90$76,941,152$34,493,460$27,025,756$61,116,528
91$84,702,440$36,096,930$27,844,409$66,375,299
92$93,252,647$37,776,238$28,687,755$72,131,495
93$102,672,159$39,535,015$29,556,536$78,434,219
94$113,049,554$41,377,066$30,451,515$85,337,505
95$124,482,446$43,306,380$31,373,479$92,900,826
96$137,078,401$45,327,138$32,323,236$101,189,644
97$150,955,954$47,443,723$33,301,620$110,276,013
98$166,245,727$49,660,732$34,309,490$120,239,252
99$183,091,663$51,982,980$35,347,730$131,166,682
100$201,652,385$54,415,517$36,417,251$143,154,434