Can I retire at age 75 with 16,800,000?

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 $16,800,000?

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$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,292,123
2 years$686,796$674,005$661,609$649,590$637,931$590,550
3 years$453,316$440,470$428,105$416,198$404,730$358,989
4 years$336,599$323,792$311,551$299,847$288,657$244,905
5 years$266,587$253,857$241,776$230,312$219,432$177,785
6 years$219,927$207,293$195,391$184,182$173,629$134,117
7 years$186,612$174,085$162,371$151,426$141,207$103,822
8 years$161,637$149,223$137,703$127,028$117,145$81,856
9 years$142,223$129,925$118,604$108,199$98,653$65,414
10 years$126,700$114,523$103,402$93,269$84,057$52,812
11 years$114,008$101,953$91,033$81,172$72,292$42,976
12 years$103,439$91,507$80,790$71,199$62,647$35,190
13 years$94,503$82,696$72,180$62,858$54,629$28,957
14 years$86,849$75,168$64,854$55,798$47,888$23,924
15 years$80,223$68,668$58,555$49,762$42,164$19,829
16 years$74,430$63,001$53,088$44,557$37,265$16,478
17 years$69,325$58,022$48,308$40,034$33,041$13,723
18 years$64,791$53,615$44,099$36,078$29,379$11,449
19 years$60,740$49,690$40,371$32,600$26,186$9,566
20 years$57,098$46,174$37,050$29,526$23,390$8,002
21 years$53,807$43,009$34,079$26,796$20,931$6,701
22 years$50,820$40,148$31,409$24,364$18,762$5,616
23 years$48,096$37,549$29,001$22,189$16,842$4,710
24 years$45,603$35,181$26,821$20,237$15,138$3,953
25 years$43,313$33,016$24,841$18,482$13,622$3,319
26 years$41,203$31,029$23,039$16,899$12,270$2,787
27 years$39,252$29,202$21,394$15,468$11,062$2,342
28 years$37,444$27,517$19,888$14,172$9,982$1,968
29 years$35,763$25,959$18,508$12,996$9,013$1,655
30 years$34,198$24,516$17,239$11,927$8,144$1,391
31 years$32,736$23,176$16,072$10,954$7,363$1,170
32 years$31,368$21,929$14,995$10,067$6,660$984
33 years$30,086$20,767$14,001$9,258$6,028$828
34 years$28,882$19,682$13,082$8,518$5,457$697
35 years$27,750$18,668$12,231$7,841$4,943$586
36 years$26,682$17,719$11,441$7,221$4,479$493
37 years$25,675$16,829$10,709$6,654$4,059$415
38 years$24,723$15,994$10,028$6,133$3,680$349
39 years$23,822$15,208$9,396$5,655$3,337$294
40 years$22,968$14,469$8,807$5,216$3,027$247
41 years$22,158$13,774$8,258$4,812$2,746$208
42 years$21,389$13,117$7,746$4,441$2,492$175
43 years$20,657$12,498$7,269$4,100$2,261$147
44 years$19,961$11,913$6,823$3,785$2,053$124
45 years$19,297$11,361$6,406$3,496$1,863$104
46 years$18,664$10,838$6,017$3,229$1,692$88
47 years$18,060$10,342$5,653$2,983$1,536$74
48 years$17,483$9,873$5,312$2,757$1,395$62
49 years$16,931$9,428$4,993$2,548$1,267$52
50 years$16,403$9,006$4,694$2,355$1,151$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $16,800,000, adding $3,805 every year, while hoping to spend $36,354 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: 82/13/5 Blend
74$16,800,000$16,800,000$16,800,000$16,800,000
75$18,517,525$17,627,125$17,366,725$20,034,053
76$20,367,632$18,452,174$17,909,830$21,850,367
77$22,405,232$19,316,431$18,469,910$23,838,536
78$24,649,410$20,221,781$19,047,497$26,019,890
79$27,121,197$21,170,196$19,643,136$28,413,730
80$29,843,770$22,163,746$20,257,392$31,041,310
81$32,842,666$23,204,601$20,890,846$33,926,034
82$36,146,027$24,295,035$21,544,097$37,093,673
83$39,784,862$25,437,433$22,217,766$40,572,605
84$43,793,346$26,634,294$22,912,488$44,394,085
85$48,209,132$27,888,240$23,628,922$48,592,532
86$53,073,719$29,202,019$24,367,745$53,205,854
87$58,432,831$30,578,511$25,129,658$58,275,799
88$64,336,860$32,020,738$25,915,381$63,848,350
89$70,841,331$33,531,866$26,725,658$69,974,157
90$78,007,435$35,115,215$27,561,256$76,709,003
91$85,902,601$36,774,268$28,422,965$84,114,337
92$94,601,133$38,512,674$29,311,602$92,257,843
93$104,184,914$40,334,261$30,228,006$101,214,080
94$114,744,177$42,243,042$31,173,046$111,065,177
95$126,378,355$44,243,223$32,147,615$121,901,606
96$139,197,023$46,339,216$33,152,636$133,823,034
97$153,320,930$48,535,648$34,189,060$146,939,253
98$168,883,138$50,837,368$35,257,866$161,371,217
99$186,030,281$53,249,462$36,360,067$177,252,176
100$204,923,945$55,777,261$37,496,706$194,728,927