Can I retire at age 75 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,315,721
2 years$699,060$686,041$673,423$661,189$649,323$601,610
3 years$461,411$448,335$435,749$423,630$411,957$365,888
4 years$342,609$329,574$317,114$305,202$293,811$249,737
5 years$271,347$258,390$246,093$234,424$223,351$181,388
6 years$223,855$210,995$198,880$187,471$176,730$136,911
7 years$189,945$177,193$165,270$154,130$143,729$106,046
8 years$164,524$151,887$140,162$129,296$119,237$83,659
9 years$144,762$132,245$120,722$110,132$100,415$66,896
10 years$128,962$116,568$105,248$94,934$85,558$54,042
11 years$116,044$103,773$92,659$82,621$73,583$44,006
12 years$105,286$93,141$82,232$72,470$63,765$36,057
13 years$96,190$84,173$73,469$63,980$55,605$29,691
14 years$88,400$76,511$66,012$56,794$48,743$24,547
15 years$81,655$69,894$59,600$50,651$42,917$20,360
16 years$75,759$64,126$54,036$45,352$37,930$16,932
17 years$70,563$59,058$49,171$40,749$33,631$14,111
18 years$65,948$54,572$44,887$36,723$29,904$11,782
19 years$61,824$50,577$41,092$33,182$26,654$9,851
20 years$58,117$46,998$37,712$30,053$23,808$8,247
21 years$54,768$43,777$34,688$27,275$21,305$6,911
22 years$51,727$40,864$31,970$24,799$19,097$5,797
23 years$48,955$38,220$29,519$22,585$17,143$4,866
24 years$46,417$35,809$27,300$20,599$15,408$4,086
25 years$44,086$33,605$25,285$18,812$13,865$3,434
26 years$41,938$31,584$23,451$17,201$12,489$2,886
27 years$39,953$29,724$21,776$15,744$11,260$2,427
28 years$38,112$28,009$20,244$14,425$10,160$2,042
29 years$36,402$26,423$18,838$13,228$9,174$1,718
30 years$34,808$24,954$17,547$12,140$8,290$1,446
31 years$33,320$23,589$16,359$11,150$7,495$1,217
32 years$31,928$22,320$15,263$10,247$6,779$1,024
33 years$30,624$21,138$14,251$9,423$6,135$862
34 years$29,398$20,034$13,315$8,670$5,555$726
35 years$28,245$19,002$12,449$7,981$5,031$611
36 years$27,159$18,035$11,646$7,350$4,559$515
37 years$26,133$17,130$10,900$6,772$4,132$434
38 years$25,164$16,279$10,208$6,242$3,746$365
39 years$24,247$15,480$9,563$5,756$3,397$308
40 years$23,378$14,728$8,964$5,309$3,081$259
41 years$22,554$14,020$8,405$4,898$2,795$218
42 years$21,771$13,352$7,884$4,520$2,536$184
43 years$21,026$12,722$7,398$4,173$2,302$155
44 years$20,317$12,126$6,945$3,853$2,089$130
45 years$19,642$11,564$6,521$3,558$1,897$110
46 years$18,998$11,031$6,125$3,287$1,722$93
47 years$18,383$10,527$5,754$3,037$1,564$78
48 years$17,795$10,049$5,407$2,806$1,420$66
49 years$17,233$9,597$5,082$2,593$1,290$55
50 years$16,696$9,167$4,778$2,397$1,172$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $17,100,000, adding $6,565 every year, while hoping to spend $51,337 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: 46/46/8 Blend
74$17,100,000$17,100,000$17,100,000$17,100,000
75$18,850,972$17,944,672$17,679,622$19,676,219
76$20,719,149$18,769,339$18,217,267$21,070,052
77$22,776,159$19,632,693$18,771,203$22,575,318
78$25,041,210$20,536,578$19,341,920$24,206,993
79$27,535,465$21,482,922$19,929,926$25,976,778
80$30,282,246$22,473,748$20,535,742$27,897,515
81$33,307,250$23,511,178$21,159,905$29,983,297
82$36,638,796$24,597,432$21,802,968$32,249,599
83$40,308,087$25,734,839$22,465,502$34,713,408
84$44,349,508$26,925,843$23,148,092$37,393,383
85$48,800,949$28,173,000$23,851,344$40,310,015
86$53,704,162$29,478,993$24,575,880$43,485,814
87$59,105,156$30,846,634$25,322,342$46,945,514
88$65,054,632$32,278,869$26,091,391$50,716,293
89$71,608,458$33,778,787$26,883,706$54,828,017
90$78,828,200$35,349,626$27,699,988$59,313,517
91$86,781,698$36,994,780$28,540,960$64,208,881
92$95,543,714$38,717,807$29,407,365$69,553,783
93$105,196,629$40,522,436$30,299,968$75,391,849
94$115,831,227$42,412,577$31,219,559$81,771,050
95$127,547,547$44,392,327$32,166,948$88,744,143
96$140,455,829$46,465,984$33,142,974$96,369,153
97$154,677,557$48,638,051$34,148,497$104,709,908
98$170,346,601$50,913,248$35,184,405$113,836,621
99$187,610,484$53,296,527$36,251,611$123,826,537
100$206,631,771$55,793,074$37,351,058$134,764,648