Can I retire at age 75 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,339,698
2 years$690,884$678,017$665,547$653,456$641,728$633,727
3 years$456,014$443,092$430,653$418,676$407,139$399,314
4 years$338,602$325,719$313,405$301,632$290,375$282,788
5 years$268,174$255,368$243,215$231,683$220,738$213,411
6 years$221,236$208,527$196,554$185,278$174,663$167,605
7 years$187,723$175,121$163,337$152,328$142,048$135,263
8 years$162,599$150,111$138,523$127,784$117,842$111,331
9 years$143,069$130,698$119,310$108,843$99,240$93,000
10 years$127,454$115,204$104,017$93,824$84,558$78,586
11 years$114,686$102,560$91,575$81,655$72,722$67,015
12 years$104,054$92,052$81,270$71,622$63,020$57,572
13 years$95,065$83,188$72,610$63,232$54,954$49,761
14 years$87,366$75,616$65,240$56,130$48,173$43,227
15 years$80,700$69,076$58,903$50,058$42,415$37,711
16 years$74,873$63,376$53,404$44,822$37,487$33,018
17 years$69,737$58,367$48,596$40,272$33,238$28,998
18 years$65,177$53,934$44,362$36,293$29,554$25,534
19 years$61,101$49,985$40,611$32,794$26,342$22,535
20 years$57,438$46,449$37,271$29,701$23,529$19,928
21 years$54,127$43,265$34,282$26,956$21,056$17,653
22 years$51,122$40,386$31,596$24,509$18,874$15,662
23 years$48,382$37,773$29,173$22,321$16,942$13,913
24 years$45,874$35,391$26,980$20,358$15,228$12,374
25 years$43,571$33,212$24,989$18,592$13,703$11,016
26 years$41,448$31,214$23,176$17,000$12,343$9,816
27 years$39,485$29,376$21,521$15,560$11,128$8,754
28 years$37,666$27,681$20,007$14,256$10,041$7,813
29 years$35,976$26,114$18,618$13,073$9,067$6,977
30 years$34,401$24,662$17,342$11,998$8,193$6,233
31 years$32,931$23,314$16,167$11,019$7,407$5,572
32 years$31,555$22,059$15,084$10,127$6,700$4,983
33 years$30,265$20,891$14,084$9,313$6,064$4,459
34 years$29,054$19,800$13,160$8,568$5,490$3,990
35 years$27,915$18,780$12,303$7,888$4,972$3,572
36 years$26,841$17,825$11,510$7,264$4,505$3,199
37 years$25,828$16,929$10,773$6,693$4,083$2,866
38 years$24,870$16,089$10,088$6,169$3,702$2,568
39 years$23,964$15,299$9,452$5,688$3,357$2,301
40 years$23,105$14,556$8,859$5,247$3,045$2,062
41 years$22,290$13,856$8,307$4,841$2,762$1,849
42 years$21,516$13,196$7,792$4,467$2,507$1,657
43 years$20,780$12,573$7,312$4,124$2,275$1,486
44 years$20,080$11,984$6,863$3,808$2,065$1,333
45 years$19,412$11,428$6,445$3,517$1,875$1,195
46 years$18,775$10,902$6,053$3,248$1,702$1,072
47 years$18,168$10,404$5,687$3,001$1,545$962
48 years$17,587$9,932$5,344$2,773$1,404$863
49 years$17,032$9,484$5,023$2,563$1,275$774
50 years$16,500$9,060$4,722$2,369$1,158$694

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $16,900,000, adding $6,253 every year, while hoping to spend $46,771 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: 60/29/11 Blend
74$16,900,000$16,900,000$16,900,000$16,900,000
75$18,630,250$17,734,550$17,472,600$19,699,211
76$20,480,771$18,553,779$18,008,168$21,237,326
77$22,518,479$19,411,583$18,560,110$22,908,482
78$24,762,415$20,309,802$19,128,925$24,730,213
79$27,233,565$21,250,366$19,715,128$26,717,041
80$29,955,052$22,235,297$20,319,248$28,884,929
81$32,952,356$23,266,715$20,941,831$31,251,433
82$36,253,554$24,346,842$21,583,441$33,835,857
83$39,889,586$25,478,007$22,244,656$36,659,433
84$43,894,547$26,662,652$22,926,074$39,745,515
85$48,306,004$27,903,335$23,628,311$43,119,791
86$53,165,357$29,202,739$24,352,001$46,810,524
87$58,518,227$30,563,677$25,097,796$50,848,807
88$64,414,884$31,989,096$25,866,371$55,268,854
89$70,910,727$33,482,086$26,658,418$60,108,311
90$78,066,799$35,045,886$27,474,654$65,408,609
91$85,950,371$36,683,893$28,315,813$71,215,343
92$94,635,571$38,399,666$29,182,655$77,578,697
93$104,204,087$40,196,937$30,075,961$84,553,907
94$114,745,935$42,079,618$30,996,537$92,201,773
95$126,360,313$44,051,812$31,945,214$100,589,228
96$139,156,531$46,117,817$32,922,845$109,789,952
97$153,255,049$48,282,142$33,930,311$119,885,066
98$168,788,609$50,549,511$34,968,522$130,963,879
99$185,903,491$52,924,881$36,038,411$143,124,725
100$204,760,891$55,413,445$37,140,942$156,475,879